THE LIBRARY OF THE UNIVERSITY OF GEORGIAREPORT OF THL Or U Insurance Department OF THL COMPTROLLER GENERALS OFFICE FOR THE YLAR ENDING DECEMBER 31 1913 VOL Atlanta Ga Chas P Btrd State Printer 1914 THE GENERAL LIBRARY THE UNIVERSITY OF GEORGIA ATHENS GEORGIAn v FIRE INSURANCE COMPANIES ETNA FIRE INSURANCE COMPANY OF HARTFORD CONNECTICUT William B Clark President E J Sloan Secretary Home Otfice Hartford Conn C L Ruse Atlanta Attorney for Service in Georgia 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 21700621 78 Extended at 21700621 78 IIIncome 5 Gross premiums 11444157 75 6 Deduct reinsurance prem iums fire 1527 97196 marine and inland 125460486 return premiums fire 139229036 marine and inland 279 51569 total 2920262 32 2958696 56 1534120 55 7 Total premiums other than perpetual 8523895 43 1424576 01 8 Deposit premiums written on perpetual risks gross 9 Grossinterest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 349452 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources 14 interest on farm notes 18112 loan to State of Conn 33750 total 15 Interest received from Philadelphia Eire Underwriters Association 630 agents balances 678 total 4897 91 884496 04 24821 00 518 62 13 08 THE GENERAL LIBRARY THE UNIVERSITY OF GEORGIA ATHENS GEORGIA 1948471 44 3164 12 2 ComptrollerGenerals Keport 16 Gross rents from company a property in eluding 2500000 for companys occu pancy of its own buildings 25300 00 17 Total gross interest and rents 910046 65 18 From other sources Conscience fund 1500 tax on real estate recovered from State of Connecticut 970926 9724 25 25 From agents balances previously charged off 1122 30 26 Gross profit on sale or maturity of ledger assets viz Stocks 1414 00 2S Total income 10903942 76 IIIDisbursements 1 Gross amount paid policy holders for losses in cluding 88731382 oc curring in previous years 5470981 69 2 Deduct amount received for salvage fire 60 49308 marine and in land 5977435 reinsur ance fire 8534341S marine and inland 766 18055 discount fire 1 17445 total 915101 72 1789869 SI 825954 90 10 11 12 13 14 15 16 Net amount paid policy holders for losses4555879 97 963914 91 5519794 88 Expenses of adjustment and settlement of losses 55036 89 Commissions or brokerage 1931896 43 Salaries 20027821 and expenses 15897531 of special and general agents 359253 52 Salaries fees and all other charges of officers directors t rustees and home office employees 424782 86 Rents including 25000 for companys occupancy of its own buildings 74093 10 Advertising 2076453 printing and stationery 90 08727 11085180 Postage telegrams telephone and express 62769 35 Legal expenses 16812 65 Furniture and fixtures 12234 58 Maps including corrections 17115 87 Underwriters boards and tariff associations 105389 66 Fire dept fire patrol and salvage corps assessments fees taxes and expenses including 2 per cent tax 32 14088 fire marshal tax 807860 55620 55 c h COMPTBOLLEBGrEISrEEALs KePORT 3 17 Inspections and surveys 62349 56 18 Repairs and expenses other than taxes on real estate 6251 28 19 Taxes on real estate 11760 50 20 State taxes on premiums 168997 24 21 Insurance department licenses and fees 31266 38 22 All other licenses fees and taxes Federal corporation tax 13510 75 Taxes assessed in various town on prem ium receipts 4810 46 City and town licenses 15849 53 Tax on franchise 678 72 State corporation tax on capital stock 147500 00 Total 182349 46 23 Other disbursements Auditing 100000 coal 1 01459 electric light and gas 312922 ice 45345 janitors and engineers supplies 177111 laundry 76814 lunch system 1600170 newspaper subscrip tions etc 131981 water 28148 vault protection 83766 pensions 15000 Cartage 45575 premium on fire and liability policies 30013 mercantile agencies 164720 total 29130 24 30 Paid Munich Reinsurance Company for interest on balance 19434 56 33 Deposit premiums returned 2937 85 34 Paid stockholders for interest or dividends amount de clared during the year 900000 00 37 Decrease in liabilities during the year on account of re insurance treaties 1472 38 38 Agents balances charged off 1618 62 39 Gross loss on sale or maturity of ledger assets viz Bonds 8563 18 41 Total disbursements 10171783 39 IVLedger Assets 1 Book value of real estate 627207 93 3 Loans secured by pledge of bonds stocks or other collateral 60000 00 4 Book value of bonds 1422005894 and stocks 410608860 18326147 54 5 Cash in companys office 4996 66 6 Deposits in trust companies and banks not interest 1562659 65 7 Deposits in trust companies and banks on interest 1625299 55 8 Agents balances representing business written subsequent to Oct 1 1913 1778184 72 4 ComptrollerGenerals Eeport 9 Agents balances representing business written prior to Oct 1 1913 13459 07 10 Bills receivable taken for marine and in land risks 2413 34 11 Bills receivable taken for fire risks 69 00 16 Total ledger assets 22432781 15 NonLedger Assets 18 Interest accrued on bonds 97299 01 21 Interest on special deposit New York Life Ins Trust Co N Y 375 47 97674 48 24 Total 26 Market value not including interest in item IS of bonds and stocks over book value 181461 71 30 Gross assets 22711917 34 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 13459 07 39 Real estate 217207 93 230667 00 40 Total 41 Total admitted assets 22481250 34 VLiabilities 1 Gross losses adjusted and unpaid 214296 48 2 Gross claims for losses in process of ad justment or in suspense plus 5342946 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 771925 82 3 Gross claims for losses resisted 94405 63 4 Total 1080627 93 5 Deduct reinsurance due or accrued 358028 99 6 Net amount of unpaid losses and claims 722o98 94 7 Gross premiums less reinsurance receiv ed and receivable upon ajl unexpired fire risks 1605975647 unearned premiums per recapitulation 8485880 05ComptrollerGenerals Report Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 79370548 unearned premiums fifty per cent 396852 74 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 6305625 unearned premiums 100 per cent 63056 25 10 11 17 18 20 23 26 27 28 Total unearned premiums as computed above 8945789 04 Amount reclaimable by the insured on perpetual fire in surance policies being 90 per cent of the premium or deposit received 104938 73 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 of the year of this statement 307500 00 Funds held under reinsurance treaties 480575 41 All other liabilities viz Interest accrued not due on funds held under reinsurance treaties 9458 33 Total amount of all liabilities except capital 10571860 45 Capital actually paid up in cash 5000000 00 Surplus over all liabilities 6909389 89 29 Surplus as regards policyholders 11909389 89 30 Total liabilities 22481250 34 VIEisks and Premiums Fire Eisks Premiums Thereon In force on the 31 day of December as per line 6 under this heading in last years statement 1464599802 16735744 57 Written or renewed during the year 978943592 11444157 75 Total 2443543394 28179902 32 Deduct those expired and marked off as terminated 843213690 10270594 41 9 In force at the end of the year 1600329704 17909307 91 Deduct amount reinsured 167805745 1849551 44 Net amount in force 1432523959 16059756 47 Perpetual risks not included above 507049400 de posit premiums on same 116508 59ComptrollerGenerals Report AGRICULTURAL FIRE INSURANCE COMPANY OF WATERTOWN N Y W H Stevens President J 0 Adams Secretary Thomas I Lynch Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets as per balance Dec 31 of previous year 4189431 86 4 Extended at 4189431 86 IIIncome 5 Gross premiums 2709688 44 6 Deduct reinsurance premiums fire 565 93449 return premiums fire 4429 94372 total 1008878 21 7 Total premiums other than perpetual 1700810 23 9 Gross interest on mortgage loans less 8160 accrued interest on bonds ac quired Huring 1913 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks less 366038 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources Contract sales of real estate Hi Gross rents from companys property in cluding 250000 for companys occu pancy of its own buildings 39657 06 8199 33 136067 96 6820 97 36 23 2500 00 17 Total gross interest and rents 193281 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 43 69 2279 02 3876 65 28 Total income 1900291 14ComptrollerGeneral s Report IIIDisbursements 1 Gross amount paid policyholders for losses including 160577665 occurring in previous years 1098642 03 2 Deduct amount received for salvage fire 997344 reinsurance fire 27102086 discount fire 49825 total 284492 55 Net amount paid policyholders for losses 817149 48 Expenses of adjustment and settlement of losses 31498 74 Commissions or brokerage 362824 56 Allowances to local agencies for miscellaneous agency expenses 5712 12 iSalaries 4162006 and expenses 6805282 of special and general agents 109672 88 Salaries fees and all other charges of officers directors trustees and home office employees 58951 44 Eents including 250000 for companys occupancy of its own buildings 3922 30 Advertising 725719 printing and stationery 1253563 19792 82 Postage telegrams telephone and express 11654 86 Legal expenses 320 99 Furniture and fixtures 1379 80 Maps including corrections 6302 57 Underwriters boards and tariff associations 33472 12 Fire dept fire patrol and salvage corps assessments fees taxes and expenses 11646 99 Inspections and surveys 8991 30 Repairs and expenses other than taxes on real estate 1329 51 Taxes on real estate 681 97 State taxes on premiums 38232 69 Insurance department licenses and fees 8662 65 All other licenses fees and taxes Federal corporation tax 2489 07 Municipal and county 5383 11 Located on personal property 1898 30 Publishing statements and state bond 1306 07 10 11 12 13 14 15 16 17 18 19 20 21 22 Total 23 Other disbursements Audits and insurance publications 208930 fuel and light 81255 office sundries 96813 total 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 11076 55 3869 98 75000 00 9364 26 580 60 8 CompteollerGenebals Kepobt 39 Gross loss on sale or maturity of ledger assets viz Bonds 839711 stocks 40033 total V9 40 Gross decrease by adjustment in book value of ledger assets viz ol6 76 Bonds 1641405 38 41 Total disbursements IVLedger Assets 1 Book value of real estate 35832 j 2 Mortgage loans on real estate first liens 712862 00 3 Loans secured by pledge of bonds stocks or other collateral 128400 00 4 Book value of bonds 186517452 and stocks 109939481 total 2964569 33 5 Cash in companys office M28 9o 7 Deposits in trust companies and banks on interest 298545 39 8 Agents balances representing business written subsequent to Oct 1 1913 300645 6a 9 Agents balances representing business written prior to Oct 1 1913 6033 79 16 Total ledger assets 4448317 62 NonLedger Assets 17 Interest due 55332 and accrued 10 21083 on mortgages 10764 20 Interest accrued on bonds 27897 40 19 Interest accrued on collateral loans 3290 78 IS Interest accrued on other assets Bank balances 735 37 426S7 70 24 Total 27 Other nonledger assets viz gg 28 Due for reinsurance on paid losses 29 Funds due under reinsurance treaties 4496695 73 30 Gross assets Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 6033 7939 40 41 10 17 25 26 27 28 29 30 1 ComptrollerGenerals Eeport 9 Real estate 5314 74 Bonds and stocks 182578 83 Total 393927 36 Total admitted assets 14302768 37 VLiabilities Gross losses adjusted and unpaid due 2016863 not yet due 2272591 42894 54 Gross claims for losses in process of ad justment or in suspense plus 1997840 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 101939 26 Gross claims for losses resisted 142 59 Total 159092 80 Deduct reinsurance due or accrued 33879 74 Net amount of unpaid losses and claims 125213 06 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 3644426 unearned premiums per recapitulation 1881103 97 Total unearned premiums as computed above 1881103 97 Salaries rents expenses bills accounts fees etc due or accrued 7814 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 38000 00 Conflagration reserve 200 00 00 Total amount of all liabilities except capital 2252131 47 Capital actually paid up in cash 500000 00 Surplus over all liabilities 1550636 90 Surplus as regards policyholders 2050636 90 Total liabilities 4302768 37 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 435417600 4256156 00 10 2 3 27 29 30 CompteolleeGteneeals Kepoet Written or renewed during the year 276490300 2709685 44 Excess or original premiums over amount received for reinsurance 1193 04 Total 711907 900 6967037 48 Deduct those expired and marked off as terminated 242736300 2479851 48 In force at the end of the year 469171600 4487186 00 Deduct amount reinsured 80110000 842760 00 Net amount in force 389061600 3644426 00 Business in the State of Georgia During the Year Gross risks written 3166300 00 Less 41420000 risks cancelled and 19750000 reinsur ance in companies authorized in Georgia 611700 00 Net risks written 2554600 00 Gross premiums on risks written 31895 17 Less 413850 return premiums and 90376 premiums for reinsurance in companies authorized in Georgia 5042 26 Net premiums received 26852 91 Losses paid deducting salvage 15374 08 Less losses on risks reinsured in companies authorized in Georgia 46 36 Net losses paid 1532i i 2 Losses incurred 17779 29 Less losses on risks reinsured in companies authorized in Georgia 5i 01 Net losses incurred 17723 2 ALLIANCE INSURANCE COMPANY OF PHILADELPHIA PA Eugene L Ellison President T Howard Wright Secretary E S Gay Atlanta Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 750000 0QComptrollerGenerals Report 11 2 Amount of ledger assets as per balance December 31 of previous years 2292011 77 4 Extended at 2292011 77 IIIncome 5 Gross premiums 1474278 60 6 Deduct reinsurance premiums Are 176 79290 marine and inland 5569627 return premiums fire 19147792 ma vine and inland 5243299 total 284713 81 8 11 12 13 14 15 17 18 26 Total premiums other than perpetual Derjosit premiums written on perpetual risks gross Gross interest on bonds and dividends on stocks less 54166 accrued interest on bonds acquired during 1913 88924 17 Gtoss interest on deposits in trust com panies and banks 2210 37 Gross interest from all other sources Branch office bank balances 45 78 Deferred settlements 44 Total gross interest and rents f From other sources Perpetual department fees Gross profit on sale or maturity of ledger assets viz Bonds 997878 52 913 00 91180 76 201 57 429 30 28 Total income 1090603 15 ITTDisbursements Gross amount paid policyholders for losses 695301 94 Deduct amount received for salvage fire 319693 marine and inland 13 33252 reinsurance fire 8273989 marine and inland 2308255 total 122351 89 Net amount paid policyholders for losses 572895 05 Expenses of adjustment and settlement of losses 8259 80 Commissions or brokerage 214426 81 Allowances to local agencies for miscellaneous agency expenses 21593 32 Salaries 1325541 and expenses 599318 of special and general agents 19248 59 Salaries fees and all other charges of officers directors trustees and home office employees 23584 80 12 ComptbolleeGeneeals Repoet 9 Rents including nothing for companys oecupany of its own buildings 10 Advertising 1185561 printing and stationery 505S16 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 dept fire patrol and salvage corps assessments 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 185471 Penna tax on capital stock 373675 municipal licenses 211528 total 23 Other disbursements Registration of stock 5000 subscriptions 2500 total 33 Deposit premiums returned 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 4479 06 6243 72 3449 73 2027 40 65 52 1514 93 8454 14 6587 91 1842 09 16398 93 6194 45 7706 74 75 00 262 00 60000 00 37 50 193 75 1 72 985542 96 IVLedger Assets 4 Hook value of bonds 183382980 and stocks 29299275 2126822 55 5 ash in companys office 17 90 6 Deposits in trust companies and banks not on interest 5615 53 7 Deposits in trust companies and banks on interest 129700 77 8 Agents balances representing business written subsequent to Oct 1 1913 133649 75 9 Agents balances representing business written prior to Oct 1 1913 400 0 1 10 Bills receivable taken for marine and in land risks 835 42 10 Total ledger assets 2397071 96ComptholleeGtenbkals Report 13 NonLedger Assets 18 Interest accrued on other assets 22167 90 24 Total 22167 90 27 Other nonledger assets viz Salvage claims 3075 00 30 Gross assets 2422314 86 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 400 14 39 Bonds and stocks 143715 05 Total 144115 19 41 Total admitted assets 2278199 77 VLiabilities 1 Gross losses adjusted and unpaid 5370 00 2 Gross claims for losses in process of ad justment or in suspense plus 1500000 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 149411 00 3 Gross claims for losses resisted 8567 00 4 Total 163348 00 5 Deduct reinsurance due or accrued 13767 00 6 Net amount of unpaid losses and claims 149581 00 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 106610105 unearned prem iums per recapitulation 550557 88 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 7704291 unearned premiums fifty per cent 38521 45 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 12161388 unearned premiums 50 and 100 per cent 68215 51 10 Total unearned premiums as computed above 057294 84dJ ais iiJkAi lUM 14 ComptrollerGenerals Report 11 Amount reclaimable by the insured on perpetual fire in surance policies being 90 per cent of the premium or deposit received 18 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 capital 27 Capita actually paid up in cash 750000 00 28 Surplus over all liabilities 690760 45 15563 48 15000 00 837439 32 29 Surplus as regards policyholders 30 Total liabilities VIRisks and Premiums 1 In force on the 31 day of December as per line 6 under this heading in last years statement 127813152 2 Written or renewed during the year 146534613 1440760 45 2278199 77 11511147 01 147427 H 4 Total 274347765 2933725 61 5 Deduct those expired and marked off as terminated 145581501 1398108 44 6 In force at the end of the year 1 28 66264 1535617 17 7 Deduct amount reinsured 10695175 270859 33 8 Net amount in force 109071089 1264757 84 9 Perpetual risks not included Stbove 55055000 deposit premiums on some 17292 5 Business in the State of Georgia During the Year 27 dress risks written 2077013 00 Less 39797900 risks cancelled and 770249 reinsur ance in companies authorized in Georgia 1168228 00 Net risks written 28 Gross premiums on risks written Less 407292 return premiums and 912728 premiums for reinsurance in companies authorized in Georgia Net premiums received 29 Losses paid deducting Blvage 908785 00 27690 88 13200 20 14490 68 205 01 38ComptkollekGenebal s Eepoet 15 Less losses on risks reinsured in companies authorized in Georgia 8529 07 Net losses paid 12011 31 30 Losses incurred 21691 51 Less losses on risksreinsured in companies authorized in Georgia 7849 13 Net losses incurred 13842 38 AMERICAN CENTRAL STOCK FIRE INSURANCE COMPANY Home Office St Louis Mo Edw T Campbell President B G Chapman Jr Secretary C H Godfrey Atlanta Attorney for Service ICapital Stock 1 Amount of capital stock paid up in cash 2000000 00 2 Amount of ledger assets as per balance December 31 of previous year 5690684 74 4 Extended at 5690684 74 IIIncome 5 Gross premiums 5408492 67 6 Deduct Eeinsurance premiums fire 1 09661870 return premiums fire 91173081 2008349 51 7 Total premiums other than perpetual 3400143 16 9 Gross interest on mortgage loans 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks 12 Gross interest on deposits in trust companies and banks 13 Gross interest from all other sources Philadelphia Underwriters Certificate of Deposits Saskatchewan Milwaukee Underwriters Bldg Assn Reinsurance Bureau 2183 29 15164 54 78710 76 2442 89 6 30 33 33 2 43 60 40 16 ComptrollerGenerals Report City Warrant Rugby N D Railway Underwriters 1 26 145 22 15 Total 17 Total gross interest and rents 20 Proceeds of sale of Norfolk Western 26 Gross profit on sale or maturity of ledger assets 248 94 198750 42 17 00 532 50 28 Total income 3599443 08 IIIDisbursements 1 Gross amount paid policyholders for losses including 20322303 occurring in pre vious years 2494167 72 2 Deduct amount received for Salvage fire 1581773 marine and inland 52587 reinsurance fire 55407580 marine and inland 268 discount fire 106395 571540 03 10 11 12 13 14 15 16 17 20 21 22 Net amount paid policyholders for losses 1922627 b9 Expenses of adjustment and settlement of losses 3424959 Commissions or brokerage 678882 87 Allowances to local agencies for miscellaneous agency ex q qqo 70 penses Salaries 14819113 and expenses 6901320 of Special and genera agents 24 33 Salaries fees and all other charges of officers directors trustees and home office employees 101872 18 Bents 44 Advertising 361386 printing and stationery 4400153 17515 39 Postage telegrams telephone and express 2881 1 i 3 Legal expenses 4880 9o Furniture and fixtures 5273 45 Maps including corrections 108 vi Underwriters boards and tariff associations 31272 45 Fire department fire patrol and salvage corps assessments fees taxes and expenses 8743 01 Inspections and surveys 28496 91 state taxes on premiums 56554 Insurance department licenses and feees 30088 28 All other licenses fees and taxes Municipal 7879 56 Filing fees 264 21 City and county tax 1269 01 Publishing statement 338 45 Franchise tax 200 00 Capital tax 19534 23ComptrollerGenerals Report 17 Occupation tax 13 48 Corporation tax 8 01 Miscellaneous tax 97 24 Total 29714 19 24 Premium on bonds 50 00 34 Paid stockholders for interest or dividends amount de clared during the year 12000000 119985 00 38 Agents balances charged off 2482 69 41 Total disbursements 3387613 81 IVLedger Assets 2 Mortgage loans on real estate per Schedule B first liens 3673961 other than first 400000 40739 61 3 Loans secured by pledge of bonds stocks or other collateral 302385 62 4 Book value of bonds 340993193 and stocks 116720236 4577134 29 5 Cash in companys office 12032 41 6 Deposits in trust companies and banks not on interest 71281 62 7 Deposits in trust companies and banks on interest 277565 94 8 Agents balances representing business writ ten subsequent to October 1 1913 12890 24 16 Total ledger assets 5904514 01 NonLedger Assets 17 Interest accrued on mortgages 923 38 19 Interest accrued on collateral loans 890 00 18 Interest accrued on other assets 47434 61 24 Total 49247 30 Gross assets 5951762 00 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 12890 24 38 Book value of ledger assets over market value 525653 09 40 Total 538543 3 n 413 18 K7 41 Total admitted assets oioio18 ComptrollerGenerals Report VLiabilities 1 Gross losses adjusted and unpaid not yet due 105525 38 2 Gross claims for losses in process of adjust ment or in suspense plus 2500000 re serve for losses incurred prior to Decem ber 31 of which no notice had been received on that date 359228 37 3 Gross claims for losses resisted 24923 20 4 Total 489676 95 6 Net amount of unpaid losses and claims 340340 02 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 567578938 unearned premiums per recapitulation 2991239 68 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 2017767 unearned premiums fifty per cent 10088 83 9 Gross premium less reinsurance cash and bills received and receivable upon all unexpired marine risks 73509 un earned premiums 100 per cent 375 09 10 Total unearned premiums as computed above 3002063 60 16 Dividends declared and unpaid to stockhold ers 88348 17 Salaries rents expenses bills accounts fees etc due or accrued 4851 87 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 35000 00 2i Total amount of all liabilities except capital 3383138 9 27 Capital actually paid up in cash 2000000 00 28 Surplus over all liabilities 30079 70 29 Surplus as regards policyholders 203009 70 30 Total liabilities 5413218 67ComptrollerGenerals Report 19 VIRisks and Premiums 1 In force on the 31st day of December as per line 5 under this heading in last years statement 592710371 629072572 2 Written or renewed during the year 484766842 5344368 75 4 Total 1077477213 11635095 47 5 Deduct those expired and marked off as terminated 410916335 4584055 38 6 In force at the end of the year 666560878 7051040 09 7 Deduct amount reinsured 121760752 1377250 71 8 Net amount in force 544800126 5673789 38 Business in the State of Georgia During the Year 27 Gross risks written 7758618 00 Less 1735931 risks cancelled and 1540832 reinsurance in companies authorized in Georgia 3276763 00 Net risks written 4481855 00 28 Gross premiums on risks written 114095 19 Less 2006963 return premiums and 2596911 premiums for reinsurance in companies authorized in Georgia 46038 74 Net premiums received 68056 45 29 Losses paid deducting salvage 53944 83 Less losses on risks reinsured in companies authorized in Georgia 11779 37 Net losses paid 42165 46 30 Losses incurred 62252 38 Less losses on risks reinsured in companies authorized in Georgia 2555 37 Net losses incurred 496970120 ComptrollerGenerals Report THE AERICAN DRUGGISTS STOCK FIRE INSURANCE COMPANY Home Office Cincinnati Ohio Charles H Avery President Frank H Ereericks Secretary Ben S Persons at Macon Georgia Attorney for Service ICapital Stock 1 Amount of capital stock paid up in cash 200000 00 2 Amount of ledger assets as per balance December 31 of previous year 329578 26 329578 26 4 Extended at v IIIncome 5 Gross premiums 6 Deduct Reinsurance premiums fire 13 15806 return premiums fire 460570 17763 76 127960 36 7 Total premiums other than perpetual 110196 6 11 Gross interest on bonds and dividends on stocks less 34012 accrued interest on bonds acquired during 1913 12419 ui 12 Gross interest on deposits in trust compa nies and banks 180 97 17 Total gross interest and rents 19 Stock transfer fees 27 Gross increase by adjustment in book value of ledger as sets viz Bonds 12600 54 13 87 63 73 28 Total income 122874 74 IIIDisbursements 1 Gross amount paid policyholders for losses including 906451 occurring in pre vious years 2 Deduct amount received for Salvage fire 2064 reinsurance fire 463886 45360 07 4659 50 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage less 38396 reinsurance commis 40706 57 1286 41 14450 95ComptbolleeGeneeals Repobt 21 7 Salaries 178751 and expenses 230479 of special and general agents 4092 30 8 Salaries fees and all other charges of officers directors trustees and home office employees 12680 90 9 Rents 480 00 10 Advertising 334896 printing and stationery 128373 4632 69 11 Postage telegrams telephone and express 1236 05 12 Legal expenses 10 00 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 279 10 17 Inspection and surveys 237 00 20 State taxes on premiums 2580 17 21 Insurance department licenses and fees 1706 06 22 All other licenses fees and taxes Federal corporation tax including addition al for 1909 1388 131 88 Tax on cap St 4000 Tenn 3000 Cal Corp 5000 Hamilton Co O pus prop 7995 199 95 City license tax Los Angeles Cal 4000 Topeka Kas 5000 Macon Ga 7500 165 00 City license tax on prem Covington Ky 53 Ga bonds deposit fee 375 428 Total 501 U 25 General expense 831 35 34 Paid stockholders for interest or dividends amount de clared during the year 1800000 18000 00 40 Gross decrease by adjustment in book value of ledger as sets viz Stocks decrease in book value of furniture 73 27 41 Total disbursements 104758 77 42 Balance 347694 23 IVLedger Assets 4 Book value of bonds 323417 27 5 Cash in company s office 2164 73 7 Deposits in trust companies and banks on interest 7749 99 8 Agents balances representing business writ ten subsequent to October 1 1913 13702 79 12 Other ledger assets viz Furniture and fix tures 659 45 16 Total ledger assets 347694 2322 ComptrollerGenerals Report NonLedger Assets 20 Interest accrued on bonds 4839 99 21 Interest on deposit Ohio State Savings Association 47 22 22 Interest on current account at bank 9 25 24 Total 4896 46 30 Gross assets 352590 69 Deduct Assets Not Admitted 33 Furniture fixtures and safes 659 45 41 Total admitted assets 351931 24 VLiabilities 1 Gross losses adjusted and unpaid 23 56 2 Gross claims for losses in process of adjust ment or in suspense plus 162000 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 3498 73 4 Total ZZZZ7 3498 73 6 Net amount of unpaid losses and claims 3498 73 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 11427846 unearned pre t 5769783 miums per recapitulation 10 Total unearned premiums as computed above o7697 8 17 Salaries rents expenses bills accounts fees etc due or accrued 833 4 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 2334 22 26 Total amount of all liabilites except capital 64364 26 27 Capital actually paid up in cash 200000 00 2S Surplus over all liabilities 87566 98 00756698 29 Surplus ns regards policyholders 30 Total liabilities 351931 24ComptrollerGenerals Report VIRisks and Premiums 1 In force on the 3 day of December as per line 6 under this heading in last years statement 9985115 2 Written or renewed during the year 12569310 4 Total 22554425 5 Deduct those expired and marked off as terminated 10099632 6 In force at the end of the year 12454793 7 Deduct amount reinsured 1146148 8 Net amount in force 11308645 Business in the State of Georgia During the Year 27 Gross risks written Less risks cancelled Net risks written 28 Gross premiums on risks written Less return premiums Net premiums received 23 102758 62 127960 36 230718 98 103007 90 127711 08 13432 62 114278 46 92350 00 2000 00 90350 00 1401 98 23 03 1378 95 THE AMERICAN INSURANCE COMPANY OF NEWARK N J P L Headley President C W Bailey Secretary Home Office 70 Park Place Newark N J Louie J Leonard 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 Dec 31 of previous years 9995783 11 9995783 17 4 Extended at IIIncome 5 Gross premiums fire 619160923 ma rine and inland 139484 16 total 6331093 3924 ComptrollerGenerals Eeport 6 Deduct reinsurance premiums fire 1014 56360 marine and inland 590646 return premiums fire 106133323 marine and inland 3894235 total 2120745 64 7 Total premiums other than perpetual 421034 o 9 Gross interest on mortgage loans less 4653 accrued interest on bonds aequir ed during 1913 8850 10 11 Gross interest on bonds and dividends on stocks less 207640 accrued interest on bonds acquired during 1913 301126 86 12 Gross interest on deposits in trust com panies and banks 2923 31 13 Gross interest from all other sources 34 Accounts and bills receivable 2644 81 16 Gross rents from companys property in cluding 1860691 for companys occu pancy of its own buildings 26lo8 40 d 491 03 48 17 Total gross interest and rents q 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Stocks m 4635548 91 28 Total income p IIIDisbursements 1 Gross amount paid policyholders for losses including 38631766 occurring in pre vious years fire 263326723 ma rine and inland 2835868 total 2 Deduct amount received for salvage fire 1805372 marine and inland 79240 reinsurance fire 50475408 marine and inland 72277 total 2661625 91 24322 97 for losses 2137302 94 71989 89 3 Net amount paid policyholders I Expenses of adjustment and settlement of loss Commissions or brokerage 7 Salaries 8724240 and expenses 5279142 of special and general agents 8 Salaries foes and all other charges of officers directors trustees home and department office employees 9 Rents including 1860691 for companys occupancy of its own buildings 10 Advertising 241800 printing and stationery 4935571 140033 82 198605 53 23083 24 51773 71ComptrollerGenerals Eeport 25 11 Postage telegrams telephone and express 33934 70 12 Legal expenses 13 Furniture and fixtures i 10399 oo 14 Maps including corrections 15 Underwriters boards and tariff associations 2Zyyo oi 16 Fire dept fire patrol and salvage corps assessments fees taxes and expenses 17 Inspections and surveys 18 Repairs and expenses other than taxes on real estate V 19 Taxes on real estate n 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation ax a gi 92 Municipal taxes and licenses 23 Other disbursements 24 Auditing i 25 Maintenance of offices including light and heat li 26 Collecting premium notes QQ 27 Commercial agency g0 28 Premiums on surety bonds 31 Appraisal fees mortgage loans J 3 Expense of adjusting old tax assessments 34 Paid stockholders for interest or dividends amount de declared during the year 50 00 Policyholders 1130 60 38 Agents balances charged off 39 Gross loss on sale or maturity of ledger assets viz Stocks 40 Gross decrease by adjustment in book value of ledger assets viz Real estate 335720 bonds 2460821 stocks 313909 total jl1U4 4296418 55 41 Total disbursements IVLedger Assets 1 Book value of real estate 493000 00 2 Mortgage loans on real estate 1771440 7o i Book value of bonds 446178704 and stocks 226927230 total S 20 5 Cash in companys office 6 Deposits in trust companies and banks not t 25000 00 on interest 7 Deposits in trust companies and banks on 365989 40 interest 8 Agents balances representing business written subsequent to Oct 1 1913 624993 6626 ComptrollerGenerals Eeport 9 Agents balances representing business written prior to Oct 1 1913 2408 91 11 Bills receivable taken for fire risks 320381 27 16 Total ledger assets 10334913 53 NonLedger Assets 17 Interest due 237900 and accrued 21 09931 on mortgages 23478 31 20 Interest accrued on bonds 62793 51 23 Rents due on company s property or lease 70 00 24 Total 86341 82 30 Gross assets 10421255 35 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 2408 91 35 Bills receivable past due taken for ma rine inland and fire risks 43935 55 39 Market value of stocks and bonds below book value 370007 68 Total 6352 14 41 Total admitted assets 10004903 21 VLiabilities 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 343520 58 3 Gross claims for losses resisted 30600 00 4 Total 374120 58 5 Deduct reinsurance due or accrued 93007 s 6 Net amount of unpaid losses and claims 280512 0 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 932682331 unearned prem premiums per recapitulation 4892911 60 8 Gross premiums less reinsurance cashComptrollerGenerals Report 27 and bills received and receivable upon all unexpired inland navigation risks 8811503 unearned premiums fifty per cent 44067 52 10 Total unearned premiums as computed above 4936969 12 16 Dividends declared and unpaid to stockholders 7000000 to policyholders 11400 total 70114 00 17 Salaries rents expenses bills accounts fees etc due or accrued estimated 5000 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 50000 00 19 Contingent commissions or other charges due or accrued 85259 86 21 Reinsurance and return premiums due other companies 24188 24 26 Total amount of all liabilities except capital 5452043 92 26 Special reserve fund see chapter 258 laws of 1908 State of New Jersey 300000 00 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 3252859 29 29Surplus as regards policyholders 4252859 29 30 Total liabilities 10004903 21 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 1022973460 10245377 53 2 Written or renewed during the year 563025013 6191609 23 Total 1585998473 16436986 76 5 Deduct those expired and marked off as terminated 523764795 5696553 28 6 In force at the end of the year 1062233678 10740433 48 7 Deduct amount reinsured 135171483 1413610 17 8 Net amount in force 927062195 9326823 31 Business in The State of Georgia During The Year 27 Gross risks written 4674555 00 Less 118348400 risks cancelled and 96766700 rein surance in companies authorized in Georgia 2151151 0028 ComptrollerGenerals Beport Net risks written 2523404 00 28 Gross premiums on risks written 5g 553 gg Less 737523 return premiums and 1400430 premiums for reinsurance in companies authorized in Georgia 21 379 53 Net premiums received 37 94 33 29 Losses paid deducting salvage 13711 63 Less losses on risks reinsured in companies authorized in Georgia 2984 61 Net losses paid jq r9 q0 30 Losses incurred jo 540 ofi Less losses on risks reinsured in companies authorized in GeorSia 3457 05 Net losses incurred jk jqi 91 ATLANTA HOME INSURANCE COMPANY OF ATLANTA GA Joel Hurt President nuls A Bickerstaff Secretary ICapita Stock 1 Amount of capital stock paid up in cash 200000 00 2 Amount of ledger assets as per balance December 31 of previous year 479990 64 IIIncome 5 Gross premiums j 6 Deduct Reinsurance premiums fire 22 57550 return premiums fire 1947177 7 Total premiums other than perpetual 9 Gross interest on mortgage loans less 5833 accrued interest on bonds acquired during 1913 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks less 63876 accrued interest on bonds acquired during 1913 14 Agents S T W Co accrued 513 15 Massachusetts bonds 117269 26 42047 27 2515 42 476 04 19262 47 19 52 175 00 75221 99 17 Total gross interest and rents 22448 45ComptrollerGenerals Report 29 26 Gross profit on sale or maturity of ledger assets viz Bonds 25 00 Stocks 150 00 Total 175 00 27 Gross increase by adjustment in book value of ledger as sets viz Bonds 775 00 Stocks 2625 00 Total 28 Total income 3400 00 101245 44 IIIDisbursements 1 Gross amount paid policyholders for losses including 311775 occurring in pre vious years 48906 92 2 Deduct amount received for Salvage fire 6451 reinsurance fire 828189 8346 40 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage less 750780 reinsurance com missions 7 Salaries 320000 and expenses 259258 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents 10 Advertising 79765 printing and stationery 37646 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 assessments fees taxes and expenses 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes City licenses fees etc 2660 91 State and county taxes 1088 72 40560 52 672 78 11391 99 5812 58 10700 28 1434 27 1174 11 729 66 156 75 947 80 83 00 2199 77 636 04 448 18 200 00 Total 3749 0230 ComptbollebGenebals Eepoet 23 Other disbursements 24 General expense 1366 17 25 Exchange 138 49 26 Interest paid 73 93 Total 34 Paid stockholders for interest or dividends amount declared during the year 1400000 39 Gross loss on sale or maturity of ledger assets viz Bonds 40 Gross decrease by adjustment in book value of ledger as sets viz Bonds 2490 00 Stocks 19600 00 Total 41 Total disbursements 42 Balance IVLedger Assets 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other collateral 4 Book value of bonds 12441000 and stocks 22350000 5 Cash in companys office 16094 65 6 Deposits in trust companies and banks not on interest 1455 85 Total 8 Agents balances representing business writ ten subsequent to October 1 1913 21085 92 9 Agents balances representing business writ ten prior to October 1 1913 4162 89 Total 16 Total ledger assets NonLedger Assets 17 Interest accrued on mortgages 58 33 18 Interest accrued on other assets 5 13 20 Interest accrued on bonds 638 76 21 Dividends declared on stock 3120 00 Total 24 Total 1578 59 1400000 1960 83 22090 00 120526 77 460709 31 56000 00 14000 00 347910 00 17550 50 25248 81 460709 31 3822 22 464531 53CoMPTEOLLEBGrENEEAIiS RePOET 31 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oc tober 1 1913 4162 89 41 Total admitted assets VLiabilities 2 Gross claims for losses in process of adjust ment or in suspense 13408 00 4 Total 13408 00 5 Deduct reinsurance due or accrued 4221 00 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 13405181 unearned pre miums per recapitulation 17 Salaries rents expenses bills accounts fees etc due or accrued 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 21 Eeinsurance and return premium due other companies 24 Underwriters boards 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 200000 00 28 Surplus over all liabilities 174810 62 Total 30 Total liabilities 460368 64 9187 00 71000 22 424 24 1000 00 3240 78 705 78 85558 02 374810 62 460368 64 VIEisks and Premiums 1 In force on the 31 day of December as per line 6 under this heading in last years statement 14147495 2 Written or renewed during the year 7531634 203439 99 117269 20 4 Total 21679129 320709 25 5 Deduct those expired and marked off as terminated 12540993 154660 35 6 In force at the end of the year 9138136 166048 90 7 Deduct amount reinsured 1934387 31997 09 3 Net amount in force 7203749 134051 8132 ComptrollerGenerals Eeport Business in the State of Georgia During the Year 27 Gross risks written 676l7587 00 Less 128950700 risks cancelled and 157124700 rein surance in companies authorized in Georgia 2860 754 00 Net risks written 3900833 00 28 Gross premiums on risks written 108 350 Less 1659310 return premiums and 2478255 premiums for reinsurance in companies authoriezd in Georgia 41375 67 Net premiums received 66 975 01 29 Losses paid deducting salvage 44475 10 Less losses on risks reinsured in companies authorized in GeorSia 8264 57 Net losses paid 36 210 53 30 Losses incurred gg i89 03 Less losses on risks reinsured in companies authorized in Georgia 1148 57 Net losses incurred gp qq7 ATLANTIC NATIONAL FIRE INSURANCE COMPANY George Dole Wadley President John J McKay Secretary Georgia Company Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 200000 00 2 Amount of ledger assets as per balance December 31 of previous year 352846 32 4 Extended at 352846 32 IIIncome 5 Gross premiums igo 759 jjp 6 Deduct Reinsurance premiums fire 29 82620 return premiums fire 3059273 6041 S 7 Total premiums other than perpetual iqo 350 96 9 Gross interest on mortgage loans less 14589 accrued interest on bonds ac quired during 1913 4j6p6 49ComptrollerGenerals Report 10 Gross interest on collateral loans 763 84 11 Gross interest on bonds and dividends on stocks less 1535 accrued interest on bonds acquired during 1913 11091 76 12 Gross interest on deposits in trust companies and banks 21 02 14 Discount on fire loss 9 87 16 Gross rents from companys property 224 00 17 Total gross interest and rents 3 9 Borrowed money 27 Gross increase by adjustment in book value of ledger as sets viz Bonds 130 60 Stocks 480 00 Total 28 Total income 7 S3 16806 98 15000 00 610 60 134768 454 IIIDisbursements 1 Gross amount paid policyholders for losses 85714 47 2 Deduct amount received for Salvage fire 57449 reinsurance fire 2283186 23406 35 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage less 971844 reinsurance com missions 7 Salaries 1437749 and expenses 468060 of special and general agents including salaries fees and all other charges of officers directors trustees and home office employees 9 Rents 10 Advertising 191215 printing and stationery 142587 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 assessments 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 62308 12 1310 20 17605 36 19058 09 450 00 3338 02 1423 59 543 80 246 80 2600 79 13 65 11 20 214 28 950 30 1840 51 34 ComptrollerGenerals Report 22 All other licenses fees and taxes Municipal 2101 09 Taxes on investments 1 479 gg Total 23 Other disbursements 24 Borrowed money 15000 00 25 Mise expenseslights fuel janitor sup plies subscriptions books etc 2276 71 27 Exchange 223 25 28 R G Dun Co 195 00 Total 38 Agents balances charged off 39 Gross loss on sale of maturity of ledger assets viz Bonds 40 Gross decrease by adjustment in book value of ledger as sets viz Bonds 41 Total disbursements 42 Balance IVLedger Assets 1 Book value of real estate 23 295 05 2 Mortgage loans on real estate 67350 00 3 Loans secured by pledge of bonds stocks or other collateral 5 600 00 4 Book value of bonds 14075205 and stocks 8866500 229417 05 5 Cash in companys office 500 00 6 Deposits in trust companies and banks not on interest 8793 16 8 Agents balances representing business writ ten subsequent to October 1 1913 26331 15 9 Agents balanees representing business writ ten prior to October 1 1913 39 24 Total 14 Deduct ledger liability unpaid reins prems 16 Total ledger assets NonLedger Assets 17 Interest due and accrued on motrgages 1051 09 3580 98 17694 96 108 00 3 85 433 15 133735 64 353879 32 361325 65 7446 33 353879 32ComptkollebGeneeal s Report 35 18 Interest due and accrued on bonds 386 12 19 Interest due and accrued on collateral Hans 57 39 24 Total 1494 60 30 Gross assets 355373 92 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oc to 1 1913 41 Total admitted assets 39 24 355334 68 VLiabilities Gross claims for losses in process of adjust ment or in suspensei 4 5 6 10 26 27 28 Total Deduct reinsurance due or accrued 12267 08 12267 08 3889 50 Net amount of unpaid losses and claims Total unearned premiums Total amount of all liabilities except capital Capital actually paid up in cash 200000 00 Surplus over all liabilities 55980 27 Total 8377 58 90976 83 99354 41 255980 27 30 Total liabilities 355334 68 VIRisks and Premiums In force on the 31 day of December as per line 6 under this heading in last years statement 10228069 Written or renewed during the year 9868894 Total 20096963 Deduct those expired and marked off as terminated 9254615 In force at the end of the year 10842348 Deduct amount reinsured 1995455 8 Net amount in force 186082 59 162769 89 348852 48 148695 36 200157 12 290826 20 8846893 170330 92 THE GENERAL LIBRARY THE UNIVERSITY OF GEORGIA ATHENS GEORGIA36 ComptrollerGenerals Report Business in the State of Georgia During the Year 27 Gross risks written 6701450 00 Less 1486775 risks cancelled and 1661592 reinsurance in companies authorized in Georgia 3 148 367 00 Net risks written 3553083 00 28 Gross premiums on risks written 105 462 22 Less 2010101 return premiums and 2349058premiums for reinsurance in companies authorized in Georgia 43681 59 Net premiums received 61 780 63 29 Losses paid deduct salvage 56699 95 Less losses on risks reinsured in companies authorized in Georgia 20268 69 Net losses paid 36431 26 30 Losses incurred 61 732 39 Less losses on risks reinsured in companies authorized in Georgia 22669 67 Net losses incurred 39 Q62 72 ATLAS ASSURANCE COMPANY LIMITED United States Home Office 100 William Street New York City N Y Frank Lock Manager C C Hatcher Atlanta Attorney for Service ICapital Stock 1 Deposit capital pursuant to laws of Illinois deposited in New York and Ohio 300000 00 2 Annnut of ledger assets as per balance December 31 of Previous years 3037147 33 LTIncome 3 Gross premiums 2690487 15 4 Deduct reinsurance premiums fire 499 79844 return premiums 46556466 965363 10 7 Total premiums other than perpetual 1725124 05 11 Gross interest on bonds and dividends on stocks less 201711 accrued interest on bonds acquired during 1913 94 799 57ComptrollerGeneral s Report 37 12 Gross interest on deposits in trust compa nies and banks 3961 83 16 Gross rents from companys property in eluding 70000 for company s occupancy of its own buildings 4072 92 17 Total gross interest and rents 102834 32 19 Received from home office 65926 81 27 Gross profit on sale of maturity of ledger assets viz Bonds 375 00 29 Total income 1894260 18 IIIDisbursements 1 Gross amount paid policy holders for losses including 11660411 occurring in pre vious years 1161945 43 2 Deduct amount received for Salvage fire 1757329 reinsurance Are 226 49302 discount fire 37916 244445 47 3 Net amount paid policyholders for losses 917499 96 4 Expenses of adjustment and settlement of losses 28019 29 5 Commissions or brokerage 337366 27 6 Allowances to local agencies for agency expenses 4035 48 7 Salaries 4471968 and expenses 4267920 of special and general agents 87398 88 8 Salaries fees and all other charges of officers directors trustees and home office employees 114595 09 9 Rents including 70000 for company s occupancy of its own buildings 18179 29 10 Advertising 691597 printing and stationery 1013934 17055 31 11 Postage telegrams telephone and express 14271 41 12 Legal expenses 244 88 13 Furniture and fixtures 2043 15 14 Maps including corrections 7523 28 15 Underwriters boards and tariff associations 24899 37 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 6863 20 17 Inspections and surveys 13172 76 18 Repairs and expenses other than taxes on real estate 3049 44 19 Taxes on real estate 748 81 20 State taxes on premiums 33086 40 21 Insurance department licenses and fees 1029667 22 All other licenses fees and taxes Federal corporation tax 256050 municipal licenses and taxes 838834 10948 84 24 Auditors fees 3099 92 25 Classification 75000 Dun Co and Bradstreet 176458 2514 5838 ComptrollerGeneral s Report 26 Donations 7800 entertaining agents and field men 34965 427 65 27 Extra stenography 10165 horse and buggy San Fran cisco department 42000 521 65 28 Extra night work 200575 office supplies 47664 2482 39 29 Storage of office records 12000 sundries 44108 561 08 30 Special reports rate book corrections and field books 453 30 32 Remitted to home office 1 T5838 86 38 Agents balances charged off 157 31 1777354 52 41 Total disbursements 9 IVLedger Assets Book value of real estate 83878 81 Book value of bonds 235457966 and stocks 28798750 2642567 16 Cash in company s office 1875 48 Deposits in trust companies and banks on interest 90536 00 Agents balances representing business writ ten subsequent to October 1 1913 317106 40 Agents balances representing business writ ten prior to October 1 1913 18089 14 16 IS 23 24 27 30 34 38 Total ledger assets as per balance 3154052 99 NonLedger Assets Interest accrued on bonds Rents due and accrued 22383 on com pany s property or lease 28738 89 223 83 Total 28962 72 Other non ledger assets viz Due from other companies for reinsurance on losses paid 8084 18 Gross assets 3191099 89 Deduct Assets Not Admitted Agents balances representing business writ ten prior to October 1 1913 Book value of ledger assets over market value viz Bonds and stocks Real estate 18089 14 281382 16 23878 81 11 Total admitted assets 2867749 78ComptrollerGenerals Report 39 VLiabilities 1 Gross losses adjusted and unpaid not yet due 9129 60 2 Gross claims for losses in process of adjust ment or in suspense plus 108300 re serve for losses incurred prior to Decem ber 31 of which no notice has been re ceived on that date 116096 57 3 Gross claims for losses resisted 21848 29 4 Total 147074 46 5 Deduct reinsurance due or accrued 28179 55 6 Net amount of unpaid losses and claims 118804 91 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 312181240 unearned pre miums per recapitulation 1632217 OS 17 Salaries rents expenses bills accounts fees etc due or ac crued estimated 2000 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this v statement 28500 00 19 Contingent commissions or other charges due or accrued esti mated 8874 64 26 Total amount of all liabilities except capital 1790486 63 29 Surplus as regards policyholders 1077263 15 30 Total liabilities 2867749 78 VIEisks and Premiums 1 In force on the 31st day of December as per line 6 under this heading in last years statement 342009275 3581414 23 2 Written or renewed during the year 266743985 2690487 15 3 Excess of original premiums over amount received for reinsurance 1026 88 4 Total 608753260 6272928 26 5 Deduct those expired and marked off as terminated 234043888 2463398 59 6 In force at the end of the year 374709372 3809529 67 7 Deduct amount reinsured 73168356 687717 27 8 Net amount in force 301541016 3121812 4040 ComptrollerGeneral s Report Business in the State of Georgia During the Year 27 Gross risks written 6307870 00 Less 1175848 risks cancelled and 560250 reinsurance in companies authorized in Georgia 1736 098 00 Net risks written 4571772 00 28 Gross premiums on risks written 78 823 77 Less 1123459 return premiums and 76945 premiums for reinsurance in companies authorized in Georgia 12004 04 Net premiums received 66819 73 29 Losses paid deducting salvage 31 632 24 Less losses on risks reinsured in companies authorized in Georgia 61 90 Net losses paid 31570 34 30 Losses incurred 38 748 24 Less losses on risks reinsured in companies authorized in Georgia 52 90 Net losses incurred 38 695 34 BOSTON STOCK FIRE INSURANCE COMPANY OF BOSTON MASSACHUSETTS Ransom B Fuller President Freeman Nickerson Secretary William L Wilson Savannah Attorney for Service ICapital Stock 1 Amount of capital stock paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 31 of previous year 6499195 47 4 Extended at 6499195 47 IIIncome Fire Marine and Inland 5 Gross premiums 2756483 05 2168744 69 6 Deduct reinsurance prem iums fire 58640095 marine and inlandComptrollerGenerals Bepokt 41 25140552 return premiums fire 508 64105 marine and in land 35065079 1095042 00 60205631 7 Total premiums other than perpetual 166144105 1566688 38 3228129 43 9 Gross interest on mortgage loans 23 274 66 10 Gross interest on collateral loans 498 17 11 Gross interest on bonds and dividends on stocks less 119257 accrued interest on bonds acquired during 1913 203 660 86 12 Gross interest on deposits in trust compa nies and banks 7 297 72 13 Gross interest from all other sources 14 Premium notes and notes receivable and reins bureau j I74 g 15 Prepayment subscription Boston Elevated Edison Electric stock 836 oi 16 Gross rents from companys property 933 34 17 Total gross interest and rents 239 674 95 18 From other sources Profit H O agency 307021 divi dend No 15 200 per share National Bank Republic 30000 dividend No 9 300 per share Continental Bank 60000 3 970 21 25 From agents balances previously charged off 452 66 27 Gross increase by adjustment in book value of ledger as sets viz Stocks 102 197 gg 28 Total income 3574424 90 IIIDisbursements 1 Gross amount paid policy holders for losses includ ing 37164896 occurring in previous years1181115 13 1153685 40 2 Deduct amount received for salvage fire 949044 marine and inland 71 55346 reinsurance fire 32252945 marine and inland 14459138 dis count fire 51671 ma rine and inland 76128 332536 60 216906 72 3 Net amount paid policy holders for losses 848578 53 93677928 1785357 8142 ComptrollerGenerals Report 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 6 Allowances to local agencies for miscellaneous agency ex penses 7 Salaries 3167872 and expenses 1333272 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents 10 Advertising 544887 printing and stationery 2253820 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 assessments fees taxes and expenses 17 Inspection 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 feees 22 All other licenses fees and taxes Federal corporation tax 1935 32 Franchise 417 02 Municipal 3068 75 Total 23 Other disbursements 24 Investment expense 25 Investment expense 26 Miseellanous expense 1545 43 10 93 18916 43 27 Total 34 Paid stockholders for interest or dividends 38 Agents balances charged off 39 Gross loss on sale or maturity of ledger assets viz Bonds 34390 22 721150 72 23084 71 45011 44 203058 27 21388 00 27987 07 16247 19 627 76 3907 77 5753 86 24995 38 17996 47 10249 13 3315 21 4459 81 43042 39 11299 43 5421 09 20472 79 240000 00 2852 86 2176 50 41 Total disbursements 3274255 88 IVLedger Assets 1 Book value of real estate 393197 69 2 Mortgage loans on real estate 442500 00 3 Loans secured by bonds stocks or other col lateral 20600 00 4 Book value of bonds 128145260 and stock 359568 4877141 40ComptrollerGenerals Report 43 5 Cash in companys office 17763 06 7 Deposits in trust companies and banks on interest 430912 85 8 Agents balances representing business writ ten subsequent to October 1 1913 524179 94 9 Agents balances representing business writ ten prior to October 1 1913 29587 67 10 Bills receivable taken for marine and in land risks 57930 17 11 Bills receivable taken for fire risks 4537 17 12 Other ledger assets viz Notes receivable 755 84 13 Deposits with boards 800 00 14 Income tax retained for source 41 67 16 Total ledger assets 6709364 49 NonLedger Assets 17 Interest due 223081 and accrued 2 44465 on mortgages 4675 46 20 Interest accrued 15145 51 24 Total 19820 97 28 Reinsurance return premiums 585 03 30 Gross assets 6819770 49 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 29587 67 35 Bills receivable past due taken for marine inland and fire risks 13436 11 36 Loans on personal security endorsed or not 755 84 38 Book value of ledger assets over market 389440 97 39 Reinsurance premiums 803 deposit with boards 80000 808 03 40 Mortgage loan in excess of appraisal 1000 00 Total 435028 62 41 Total admitted assets 6384741 87 VLiabilities 1 Gross losses adjusted and unpaid not yet due 654 8844 ComptrollerGenerals Beport 2 Gross claims for losses in process of adjust ment or in suspense plus 2064196 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 543510 75 3 Gross claims for losses resisted 20998 63 4 Total 565164 26 5 Deduct reinsurance due or accrued 118914 77 6 Net amount of unpaid losses and claims 446249 49 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 310160609 unearned pre miums per recapitulation 1644841 69 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 108790749 unearned premiums fifty per cent 543953 75 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 48 84161 unearned premiums 100 per cent 48841 67 10 Total unearned premiums as computed above 2237637 11 16 Dividends declared and unpaid to stockholders 120000 00 17 Salaries rents expenses bills accounts fees etc due or accrued 2549 67 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 40824 78 19 Contingent commissions or other charges due or accrued 6000 00 21 Reinsurance and return premiums due other companies 51 31 26 Total amount of all liabilities except capital 2853312 36 27 Capital actually paid up in cash 1000000 Oil 28 Surplus over all liabilities 2531429 51 29 Surplus as regards policyholders 3531429 51 30 Total liabilities J384741 87 VTRisks 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 s statement 380206677 3692555 73 2 Written or renewed during the year 278677688 2756483 05 4 Total 658884365 6449038 78ComptrollerGenerals Eeport 45 5 Deduct those expired and marked off as terminated 242257196 2405050 69 6 In force at the end of the year 7 Deduct amount reinsured 416627169 4043988 09 94239847 942382 00 8 Net amount in force 322387322 3101606 09 Business in the State of Georgia During the Year 27 Gross risks written 147 304 qo Less 84414 risks cancenelled and 5000 reinsurance in companies authorized in Georgia 17 064 00 Net risks written 130760 00 28 Gross premiums on risks written 2 461 80 Less 179044 return premiums and 350 premiums for reinsurance in companies authorized in Georgia 210 09 Net premiums received 29 Losses paid deducting salvage Net losses paid 30 Losses incurred Net losses incurred 2251 71 669 35 669 35 849 51 849 51 BRITISH AMERICA ASSURANCE COMPANY OF TORONTO CANADA V 1 Meikle General Manager E P Garrow Secretary II Godfrey Atlanta Attorney for Service in Georgia ICapital Stock 1 Deposit capital pursuant to laws of Illinois 21500 00 2 Amount of ledger assets as per balance December 31 of previous years 1800830 44 ITIncome 3 Gross premiums 1801592 41 4 Deduct reinsurance premiums fire 382169 50 Ci Return premiums 321719 90 7 Total premiums other than perpetual 1097703 0146 ComptrollerGenerates HeporT 11 Gross interest on bonds and dividends on stocks less 7375 accrued interest on bonds acquired during 1913 54651 99 12 Gross interest on deposits in trust com panies and banks 8044 42 13 Gross interest from all other sources Unlisted assets 162 82 17 Total gross interest and rents 62859 23 18 From other sources 19 Received from home office 65849 07 26 From agents balances previously charged off 1 08 27 Gross profit an sale or maturity of ledger assets viz Bonds 15 00 29 Total income 1226427 39 IIIDisbursements 1 Gross amount paid policyholders for losses including 7992964 occurring in pre vious years 789918 23 2 Deduct amount received for salvage fire 188750 reinsurance fire 17822148 discount fire 36272 total 180471 70 3 Net amount paid policyholders for losses 558446 53 4 Expenses of adjustment and settlement of losses 12200 72 6 Allowances to local agencies for miscellaneous agency expenses 258034 92 7 Salaries 2010333 and expenses 3402922 of special and general agents 54132 55 8 Salaries fees and all other charges of officers directors trustees and home office employees 48098 88 9 Rents 4547 13 10 Advertising 335364 printing and stationery 1016914 13522 78 11 Postage telegrams telephone and express 6705 10 12 Legal expenses 631 23 13 Furniture and fixtures 935 43 14 Maps including corrections 3996 71 15 Underwriters boards and tariff associations 17792 74 16 Fire dept fire patrol and salvage corps assessments fees taxes and expenses 1 438 36 17 Inspections and surveys 1200 64 20 State taxes on premiums 14940 26 21 Insurance department licenses and fees 12 601 82 22 All other licenses fees and taxes Federal corporation tax 164 14 Municipal 9609 52ComptrollerGenerals Report 47 23 Other disbursements 24 Exchange 961 24 25 Water and ice 46 97 26 Heat light and cleaning 112 39 27 Insurance 14 78 36 Remitted to home office 47177 91 41 Total disbursements 1068612 75 IVLedger Assets 4 Book value of bonds 132613013 and stocks 6087000 1387000 13 7 Deposits in trust companies and banks on interest 374545 56 8 Agents balances representing business written subsequent to Oct 1 1913 184904 64 9 Agents balances representing business written prior to Oct 1 1913 9956 90 12 Other ledger assets viz Supplies 2234 85 16 Total ledger assets 1958651 08 NonLedger Assets 18 Interest accrued on bonds 21119 70 24 Total 2111 70 27 Other non ledger assets viz Reinsurance uncollected on paid losses 1962 88 30 Gross assets 1981733 66 Deduct Assets Not Admitted 32 Supplies printed matter and stationery 2243 85 34 Agents balances representing business written prior to Oct 1 1913 16 90 39 Bonds and stocks 80352 01 41 Total admitted assets 1889180 90 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense plus 2939100 reserve for losses incurred prior to Dec48 ComptrollerGeherals Eeport 31 of which no notice had been receiv ed on that date 3 Gross claims for losses resisted 4 Total 5 Deduct reinsurance due or accrued 158197 50 10057 00 168254 50 47442 00 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 200286875 unearned prem iums per recapitulation 1019444 73 120812 50 10 Total unearned premiums as computed above 1019444 73 17 Salaries rents expenses bills accounts fees etc due or accrued 1000 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year pf this statement 16465 55 19 Contingent commissions or other charges due os accrued 3550 00 26 Total amount of all liabilities except capital 1161272 7f 27 Deposit capital actually paid up in cash 215000 00 28 Surplus over all liabilities 512008 12 29 Surplus as regards policyholders 727908 12 30 Total liabilities 1889180 90 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force In the 31 day of December as per line 6 under this heading in last years statement 2 Hi301055 217838149 2 Written or renewed during the year 188474536 1801592 41 3 Excess of original premiums over amount received for reinsurance 85956 76 4 Total 404779491 4065930 66 5 Deduct those expired and marked off as terminated 162138574 6 in force at the end of the yeari 7 Deduct amount reinsured g ti amount in force t 242640917 2453255 05 43561907 450386 30 199079010 2002868 75ComptrollerGeneral s Report 49 Business in the State of Georgia During the Year 27 Gross risks written 2734956 00 Less 87090300 risks cancelled and 32029100 reinsur ance in companies authorized in Georgia 1191194 00 Net risks written 1543752 00 28 Gross premiums on risks written 37705 44 Less 931040 return premiums and 437494 premiums for reinsurance in companies authorized in Georgia 13685 34 Net premiums received 24020 10 29 Losses paid deducting salvage 19870 21 Less losses on risks reinsured in companies authorized in Georgia 1227 04 Net losses paid 18643 17 30 Losses incurred 29465 15 Less losses on risks reinsured in companies authorized in Georgia 1227 04 Net losses incurred 19238 11 CALEDONIAN FIEE INSURANCE COMPANY OF NEW YORK CITY Chas H Post U S Manager R C Christopher Asst IT S Manager W Floyd Johnson Atlanta Ga Attorney for Service ICapital Stock 1 Deposit capital pursuant to laws of Georgia deposited in New York and Ohio 325000 00 2 Amount of ledger assets as per balance December 31 of previous year 2190916 87 IIIncome 3 Gross premiums 2335248 24 6 Return premiums 915604 61 7 Total premiums other than perpetual 1419643 57 11 Gross interest on bonds and dividends on stocks less 26355 accrued interest on bonds acquired during 1913 58563 93 12 Gross interest on deposits in trust compa nies and banks 1807 2850 ComptrollerGenerals Report 16 Gross rents from companys property in cluding 434163 for companys occupan cy of its own buildings 35664 13 17 Total gross interest and rents 96035 34 27 Gross profit on sale or maturity of ledger assets viz Bonds 84 40 29 Total income 1515763 31 IIIDisbursements 1 Gross amount paid policyholders for losses including 11750866 occurring in pre vious years 916537 20 2 Deduct amount received for salvage fire 520731 reinsurance fire 21688447 discount fire 47416 222565 94 Net amount paid policy holders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Salaries 1534659 and expenses 2047595 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Eents including 434163 for companys occupany of its own buildings Advertising 123051 printing and stationery 1080921 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 assessments 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 County and municipal licenses and taxes 7665 77 23 Other disbursements 24 Office expenses and miscellaneous 3174 61 38 Agents balances charged off 38i Remitted to home office 10 11 12 13 14 15 16 17 18 19 20 21 693971 26 45825 55 316976 88 35822 54 94107 38 9829 16 12039 72 11664 31 472 46 517 43 6423 40 19425 87 8962 66 5737 34 15328 06 7692 50 23615 05 7303 23 760 29 295 32 113716 09 41 Total disbursements 1441326 88ComptrollerGenerals Report 51 IVLedger Assets 1 Book value of real estate 439510 58 4 Book value of bonds 92936164 and stocks 48206947 1411431 11 5 Cash in companys office 452 05 6 Deposit in trust companies and banks not on interest 5128 18 7 Deposit in trust companies and banks on interest 131388 38 8 Agents balances representing business writ ten subsequent to October 1 1913 262897 51 9 Agents balances representing business writ ten prior to October 1 1913 3864 01 13 Reinsurance due on losses paid 10781 48 16 Total ledger assets 2265353 30 NonLedger Assets 18 Interest due and accrued 9830 37 25 Market value of real estate over book value 85489 42 30 Gross assets 2360673 09 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 3864 01 39 Bonds and stocks 106151 11 40 Reinsurance due on losses paid in unauthor ized companies 212 87 41 Total admitted assets 2250445 10 VLiabilities 1 Gross losses adjusted and unpaid due 6 57436 not yet due 3407247 40646 83 2 Gross claims for losses in process of adjust ment or in suspense plus 579679 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 114659 78 3 Gross claims for losses resisted 15380 47 4 Total 170687 08 5 Deduct reinsurance due or accrued 44171 8452 ComptrollerGenerals Report 8 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 278261745 unearned pre miums per recapitulation 17 Salaries rents expenses bills accounts fees etc due or accrued 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year in this statement 24 Reserve for contingencies 126515 24 1450322 45 2000 00 25000 00 10000 00 26 Total amount of all liabilities except capital 1613837 69 28 Surplus over all liabilities 036 607 41 29 Surplus as regards policyholders 636 607 41 30 Total liabilities 2 250 445 10 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31st day of December as per line 6 under this heading in last years statement 2 Written or renewed during the year 302120483 2323770 13 212708057 2335248 24 4 Total 5 Deduct those expired and marked off as terminated 514828540 5568023 37 194474635 2156835 20 ti In force at the end of the year 320353905 3411188 17 7 Deduct amount reinsured 54 928402 628 570 7 8 Net amount in force 265425503 2782617 45 Businesss in the Stale of Georgia During the Year 27 Gross risks written Less 383718 risks cancelled and 215772 reinsurance in companies authorized in Georgia Net risks written 28 irons premiums on risks written Less 409982 return premiums and 447981 premiums for insurance in companies authorized in Georgia Net premiums received 29 Losses paid deducting salvage Less losses on risks reinsureI in companies authorized in Georgia 1623598 00 639490 00 984108 00 24096 02 8579 63 15516 39 12057 14 775 11ComptrollerGenerals Report 53 Net losses paidi 30 Losses incurred Less losses on risks reinsured in companies authorized in Georgia Net losses incurred 11282 03 12736 11 435 45 12300 66 THE CAMDEN FIRE INSURANCE ASSOCIATION OF CAMDEN N J Edmund E Bead Jr President Joseph K Sharp Secretary Dan B Harris Atlanta 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 Dec 31 of previous years 2934867 98 4 Extended at 2934867 98 IIIncome 5 Gross premiums 2403705 97 6 Deduct reinsurance premiums fire 296 578 96 return premiums fire 528 85370 total 825431 96 7 Total premiums other than perpetual 1578874 01 8 Deposit premiums written on perpetual risks gross 9 Gross interest on mortgage loans less 11377 accrued interest on bonds ac quired during 1913 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks less 65997 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust com panies and banks 14 Philadelphia Underwriters Association 15 Eeinsurance bureau 6508 bills receiv able 1598 total 38641 47 4043 58 82406 04 1298 95 3 15 997 70 81 0654 ComptrollerGenerals Report 16 Gross rents from companys property in cluding 600000 for companys occu pancy of its own buildings 6283 15 Total 132757 40 Less interest on money borrowed 8152 on loss overdue 4771 total 129 23 17 Total gross interest and rents 132628 17 18 From other sources 19 Transfer fees on perpetual policies 18 00 20 Accident Policy on injury to employee 13 00 21 Borrowed on note 90000 00 26 Gross profit on sale or maturity of ledger assets viz Real estate 65 25 28 Total income 1801996 13 IIIDisbursements 1 Gross amount paid policyholders for losses including 13754403 occurring in pre vious years 2 Deduct amount received for salvage fire 514991 reinsurance fire 16439369 discount fire 73619 total 1007506 32 170279 79 3 Net amount paid policyholders for losses 837226 53 4 Expenses of adjustment and settlement of losses 15790 83 5 Commissions or brokerage 402348 36 6 Allowances to local agencies for miscellaneous agency expenses 5248 02 7 Salaries 994324 and expenses 1050271 of special and general agents 20445 95 8 Salaries fees and all other charges of officers directors trustees and home office employees 73308 36 9 Rents including 600000 for companys occupancy of its own buildings 6484 47 10 Advertising 234148 printing and stationery 999297 12334 11 11 Postage telegrams telephone and express 8528 01 12 Legal expenses 1986 09 13 Furniture and fixtures 8432 03 14 Maps including corrections 7018 70 15 Underwriters boards and tariff associations 16876 88 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 5806 14 17 Inspections on surveys 3 143 72 18 Repairs and expenses other than taxes on real estate 2188 48ComptrollerGenerals Report 55 19 Taxes on real estate 920 81 20 State taxes on premiums 21665 70 21 Insurance department licenses and fees 7310 34 22 All other licenses fees and taxes Federal corporation tax 171 City and county taxes 3970 11 Miscellaneour taxes 53 J 23 Other disbursements 24 Care of garden 29220 electric power 9422 386 42 25 Heating 391 50 26Lighting 62036 27 Office and janitors expenses 393 4 28 Printing equipment 2668 78 29 Travelling expenses of officers and clerks 1458 86 30 Subscriptions to publications 178 68 31 Paid on note 90000 00 32 All other expenses 1672 3o 33 Deposit premiums returned 429 34 Paid stockholders for interest or dividends amount de clared during the year 6600000 65979 60 38 Agents balances charged off l 39 Gross loss on sale or maturity of ledger assets viz Real estate 743 5o Bonds 253091 41 Total disburs ements 1629037 13 IVLedger Assets 1 Book value of real estate 105036 19 2 Mortgage loans on real estate 716525 00 3 Loans secured by pledge of bonds stocks or other collateral 96070 00 4 Book value of bonds 137248381 and stocks 47901390 total 1851497 71 5 Cash in companys oice 13 4o 6 Deposits in trust companies and banks not on interest 1317 91 7 Deposits in trust companies and banks on interest 82507 44 8 Agents balances representing business written subsequent to Oct 1 1913 252143 08 9 Agents balances representing business written prior to Oct 1 1913 1421 00 11 Bills receivable taken for fire risks 355 20 12 Other ledger assets viz 13 Cash deposit with Philadelphia Under writers Association 56 CompteolleeGeneeals Repoet 14 Cash deposit with Western Sprinkler Risk Association 500 00 15 Cash deposit with cotton insurance Association 250 00 16 Total ledger assets 3107826 98 NonLedger Assets 17 Interest due 37225 and accrued 10 02374 on mortgages 10395 99 20 Interest accrued on bonds 18667 01 19 Interest accrued on collateral loans 504 73 18 Interest accrued on other assets bank deposits 619 89 2i Total 30187 62 30 Gross assets 3138014 60 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 1 421 00 35 Deposit with Western Sprinkler Risk As sociation 500 00 36 Deposit with Cotton Insurance Association 250 00 39 Eeal estate g 03g g 40 Bonds and stocks 73 401 74 41 Total admitted assets 3056405 70 VLiabilities 1 Gross losses adjusted and unpaid 411 77 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 receiv ed on that date j6167 54 3 Gross claims for losses resisted 3 625 00 4 Total 165704 31 5 Deduct reinsurance due or accrued 22 620 93 6 Net amount of unpaid losses and claims 143 083 38CoMPTROLLERGrENERALS REPORT 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 268357407 unearned prem iums per recapitulation 1409743 44 10 Total unearned premiums as computed above 1409743 44 11 Amount reclaimable by the insured on perpetual fire in surance policies being 90 per cent of the premium or deposit received 28028 73 16 Dividends declared and unpaid to stockholders 358 70 17 Salaries rents expenses bills accounts fees etc due or accrued 1512 65 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20000 00 24 Fund for future contingencies 40000 00 26 Total amount of all liabilities except capital 1642726 90 27 Capital actually paid up in cash 600000 00 28 Surplus over all liabilities 813678 80 29 Surplus as regards policyholders 1413678 80 30 Total liabilities 3056405 70 VIRisks and Premiums 1 In force on the 31 day of December as per line 6 under this heading in last years statement 256320414 2831120 96 2 Written or renewed during the year 160869443 2403705 97 3 Excess of original premiums over amount received for reinsurance 11975 05 4 Total 417189857 524080198 5 Deduct those expired and marked off as terminated 133230666 2165091 94 6 In force at the end of the year 283959191 3081710 04 7 Deduct amount reinsured 32531480 398135 97 8 Net amount in force 251427711 2683574 07 Business in the State of Georgia During the Year 27 Gross risks written 3921553 00 Less 74888600 risks cancelled and 58691500 reinsur ance in companies authorized in Georgia 1335801 00 Net risks written 1985752 0058 ComptrollerGenerals Report 28 Gross premiums on risks written 35360 37 Less 643992 return premiums and 801506 premiums for reinsurance in companies authorized in Georgia 14454 98 Net premiums received 20905 39 29 Losses paid deducting salvage 14288 96 Less losses on risks reinsured in companies authorized in Georgia 4710 90 Net losses paid 9578 06 30 Losses incurred 14314 96 Less losses on risks reinsured in companies authorized in Georgia 4710 96 Net losses incurred 9604 00 CITIZENS FIEE INSURANCE COMPANY OF BALTIMORE MARYLAND R W Alexander President W W Alexander Secretary B N Hughes Atlanta Attorney for Service ICapital Stock 1 Amount of capital stock paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 31 of previous year 1034269 82 3 Increase of paidup capital during the year 455000 00 4 Extended at 1489269 82 IIIncome 5 Gross premiums 874769 87 C Deduct reinsurance premiums fire 193 18760 return premiums fire 15370146 346389 06 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks 12 Gross interest on deposits in trust compa nies and banks 14 Philadelphia underwriters deposit 15 Agents balance 17 Total gross interest and rents 528380 81 11076 63 39302 75 437 51 3 15 12 00 50827 04ComptrollerGenerals Report 59 18 From other sources 19 Paid in to surplus account 318500 00 20 Received from Augusta Fire Ins Co to discharge their outstanding liabilities 29992 44 27 Gross increase by adjustment in book value of ledger as sets viz Bonds 358541 Stocks 214440 5729 81 28 Totals income 933430 10 IIIDisbursements 1 Gross amount paid policy holders for losses including 8541965 occurring in previous years 431328 34 2 Deduct amount received for Salvage fire 149994 reinsurance fire 10549211 106992 05 117885 01 214 60 3 Net amount paid policyholders for losses 324336 29 4 Expenses of adjustment and settlement of losses 8514 15 5 Commission or brokerage less 4786783 reinsurance com missions 6 Allowances to local agencies for miscellaneous agency ex penses 7 Salaries 695615 and expenses 4247062 of special and general agents 49426 77 8 Salaries fees and all other charges of officers directors trustees and home office employees 37121 50 9 Rents 3332 10 Advertising 223172 printing and stationery 704343 9275 15 11 Postage telegrams telephone and express 4677 71 12 Legal expenses 13 Furniture and fixtures 4021 32 15 Underwriters boards and tariff associations 5868 54 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 3896 20 17 Inspections and surveys 1162 40 20 States taxes on premiums 8263 4o 21 Insurance department licenses and fees 6524 97 22 All other licenses fees and taxes Municipal license 4376 14 State and county tax on assets 4399 11 Franchise tax 15 0 Fire marshall tax 593 20 Total 951845 23 Other disbursements 24 Stock sale expense 46022 55 25 Premiums on official bonds 97 5060 CompteolleeGenerals Repobt 26 Miscellaneous 1 709 09 27 Office sundries 519 70 28 Eeports and periodicals 249 96 29 Total 48998 00 34 Paid stockholders for interest or dividends amount declared during the year 1750000 17500 00 38 Agents balances charged off 62 54 39 Gross loss on sale of maturity of ledger assets viz Bonds 13 20 40 Gross decrease by adjustment in book value of ledger as sets viz Bonds 19105 52 stoeks 3173 24 41 Total disbursements 687 846 68 IVLedger Assets 2 Mortgage loans on real estate first liens 203611 00 4 Book value of bonds 112255845 ami stocks 11420640 1236764 85 5 Cash in companys office 5910 30 6 Deposits in trust companies and banks not on interest 135792 60 7 Deposits in trust companies and banks on interest 7485 69 8 Agents balances representing business writ ten subsequent to October 1 1913 P25209 75 9 Agents balances representing business writ ten prior to October 1 1913 8705 15 12 Other ledger assets viz Phila Und deposit 100 00 13 Richmond Va local board deposit 100 00 14 Eeins recoverable on outstanding losses of Augusta Fire Ins Co 11 173 90 16 Total ledger assets 1734853 24 NonLedger Assets 17 Interest accrued on mortgages 2 805 29 20 Interest accrued on bonds 11 043 30 24 Totel 13848 59 30 Gross assets 1748701 83ComptrollerGenerals Report 61 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oc tober 1 1913 8705 15 41 Total admitted assets 1739996 68 VLiabilities 1 Gross losses adjusted and unpaid not yet due 17635 95 2 Gross claims for losses in process of adjust ment or in suspense of which no notice had been received on that date 70349 78 4 Total 87985 73 5 Deduct reinsurance due or accrued 27352 44 6 Net amount of unpaid losses and claims 60633 29 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 429728 26 17 Salaries rents expenses bills Recounts fees etc due or accrued 5214 88 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 10000 00 19 Contingent commissions or other charges due or accrued 823 13 23 All other liabilities viz Eeserve for the outstanding lia bilities of Augusta Fire Ins Co 29992 44 26 Total amount of all liabilities except capital 536392 00 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 203604 68 29 Surplus as regards policyholders 1203604 68 30 Total liabilities 1739996 68 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 statement63159248 35 757121 90 2 Written or renewed during the year 74610128 00 874769 87 3 Excess of original premiums over amount received for reinsurance 65000 57 4 Total 137769376 35 1696892 3462 ComptrollerGenerals Report 5 Deduct those expired and marked off as terminated 58600666 12 686203 29 fi In force at the end of the year 79168910 23 1010689 05 7 Deduct amount reinsured 19246049 23 234762 84 8 Net amount in force 59922661 00 775926 21 Businesss in the State of Georgia During the Year 27 Gross risks written 8044014 00 Less 614830 risks cancelled and 1001158 reinsurance in companies authorized in Georgia 1615988 00 Net risks written 6428026 00 28 Gross premium on risks written 102 436 13 Less 1018647 return premiums and 742393 premiums for reinsurance in companies authorized in Georgia 17610 40 Net premiums received 84 g25 73 29 Losses paid deducting salvage 13 428 30 Less losses on risks reinsured in companies authorized in Georgia 10 05 Net losses paid 13418 25 30 Losses incurred 15 234 47 Less losses on risks reinsured in companies authorized in Georgia n 30 Net losses incurred 15 223 17 CITIZENS INSURANCE COMPANY OF MISSOURI Home Office Pierce Building St Louis Mo Charles E Chase President p o Crocker 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 876680 55 4 Extended at 876680 55ComptrollerGenerals Report 63 IIIncome Fire Marine Inland 5 Gross premiums 189282316 2976 82 6 Deduct Reinsurance pre miums fire 113145761 return premiums fire 599900 1437456 61 391 42 7 Total premiums other than perpetual 455366 55 2585 40 45795195 9 Gross interest on mortgage loans 5360 00 11 Gross interest on bonds and dividends on stocks 25596 57 12 Gross interest on deposits in trust compa nies and banks 1238 58 17 Total gross interest and rents 32195 15 18 From other sources 19 Conscience money 33 59 25 From agents balances previously charged off 12 61 28 Total income 490193 30 IIIDisbursements 1 Gross amount paid policy holders for losses includ ing 19316516 occurring in previous years 1178809 54 3986 28 2 Deduct amount received for Salvage fire 11 69471 reinsurance fire 84004961 851744 32 3 Net amount paid polieyhold era for losses 327065 22 3986 28 33105150 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 7 Salaries 1064974 and expenses 1136027 of special and general agents 8 Salaries fees and all other eharges of officers directors trustees and home office employees 9 Rents 10 Advertising 48231 printing and stationery 218166 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 6841 02 85069 95 22010 01 9219 04 1847 77 2693 97 2693 58 263 97 211 89 64 ComptrollerGenerals Report 14 Maps including corrections 15 Underwriters boards and tariff associations 16 Fire department fire patrol and salve corps assessments feees 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 Municipal and county taxes and feees 23 Other disbursements 24 Commercial ratings IgO 37 25 Ice water and toilet supplies 147 25 26 Insurance on companys interests 6187 27 Newspapers and periodicals 31 26 32 Total 34 Paid stockholders for interest or dividends amount declared during the year 2300000 38 Agents balances charged off 39 Gross loss on sale or maturity of ledger assets viz Bonds 41 Total disbursements IVLedger Assets 2 Mortgage loans on real estate first liens i700 00 4 Book value of bonds 43516875 and stock 82500 495 99 75 6 Deposits in trust companies and banks not on interest 4 54 99 7 Deposits in trust companies and banks 011 interest 81548 32 8 Agents balances representing business writ ten subsequent to October 1 1913 162452 96 9 Agents balances representing business writ ten prior to October 1 1913 2456 88 16 Total ledger assets NonLedger Assets 17 Interest due ami accrued on mortgages 664 41 is Interest due and accrued on bonds 7686 66 21 Totaljj 30 Gross assets 372 SO 7941 43 2837 01 567 15 0906 57 3604 12 4567 99 400 75 23000 00 40 93 3062 50 519173 95 847699 90 8351 07 856050 97CompteoLLebGtEnebals Repobt 65 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 2456 88 38 Book value of ledger assets over market value viz Bonds 42753 75 40 Total 45210 63 41 Total admitted assets 810840 34 VLiabilities 1 Gross losses adjusted and unpaid 58981 33 2 Gross claims for losses in process of adjust ment or in suspense plus 10000 reserve for losses incurred prior to December 31 of which no notice had been received on that date 87898 00 3 Gross claims for losses resisted 18563 97 4 Total 165443 30 5 Deduct reinsurance due or accrued 125072 47 6 Net amount of unpaid losses and claims 40370 83 7 Gross premiums less reinsurance received and receivable upon all expired fire risks 77064824 unearned premiums per reca pitulation 405347 88 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 282128 unearned premiums fifty per cent 1410 64 10 Total unearned premiums as computed above 406758 52 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 4500 00 26 Total amount of all liabilities except capital 451629 35 27 Capital actually paid up in cash 200000 00 28 Surplus over all liabilities 159210 99 29 Surplus as regards policyholders 359210 99 30 Total liabilities 810840 3466 ComptrollerGenerals Report VIRisks and Premiums Fire Risks Premiums Thereon In force December 31 1912 249786024 2880527 89 Written or renewed during the year 162067971 1892823 16 Totals 411853995 477335105 Deduct those expired and marked off as termi nated 200294391 2374807 46 In force at the end of year 1913 211559598 2398543 59 Deduct amount reinsured 139502091 1627895 35 Net amount in force December 31 1913 72057507 770648 24 Businesss in the State of Georgia During the Year 27 Gross risks written 4 261 002 00 Less 893649 risks cancelled and 423812 reinsurance in companies authorized in Georgia l 317 461 00 Net risks written3 28 Gross premiums on risks written Less 1015651 return premiums and 915592 premiums for reinsurance in companies authorized in Georgia Net premiums received 29 Losses paid deducting salvage Net losses on risks reinsured in companies authorized in Georgia Net losses paid 30 Losses incurred Net losses on risks reinsured in companies authorized in Georgia 2943541 00 69142 55 19312 43 49830 12 56322 69 3584 26 52738 43 43420 07 3785 81 Net losses incurred 39 534 ogComptrollerGenerals Eeport 67 CITY OF NEW YORK INSURANCE COMPANY OF NEW YORK Major A White President J Carroll French Secretary William H Rhett Atlanta Attorney for Service ICapital Stock 1 Amount of capital stock paid up in cash 500000 00 2 Amount of ledger assets as per balance December 31 of previous year 1551281 38 3 Increase of paidup capital during the year 80000 00 4 Extended at i631281 38 IIIncome 5 Gross premiums 1201213 80 6 Deduct Reinsurance premiums fire 322 48321 return premiums fire 25117106 573654 27 7 Totals premiums other than perpetual 627559 53 9 Gross interest on mortgage loans 10427 78 11 Gross interest on bonds and dividends on stocks less 32950 accrued interest on bonds acquired during 1913 43 944 61 12 Gross interest on deposits in trust compa nies and banks 449 58 17 Total gross interest and rents 55 871 87 18 From other sources 19 Surplus paid in by stockholders acquiring new stock at price of 200 per share 80000 00 25 From agents balances previously charged off 37 97 27 Gross increase by adjusthent in book value of ledger as sets viz Bonds 140 62 Stocks 391 81 28 Total income 764001 80 IIIDisbursements 1 Gross amount paid policyholders for losses including 6110131 occurring in previous year 590519 35 2 Deduct amount received for Salvage fire 518786 reinsurance fire 20833607 discount fire 57814 214102 0768 ComptrollerGenerals Report 3 Net amount paid polieyholders for losses 376417 28 4 Expenses of adjustment and settlement of losses 7989 15 5 Commissions or brokerage 118639 55 7 Salaries 934659 and expenses 643950 of special and general agents 15786 09 8 Salaries fees and all other charges of officers directors trustees and home office employees 71981 46 9 Rents 12496 16 10 Advertising 60632 printing and stationery 457731 5183 63 11 Postage telegrams telephone and express 5198 09 12 Legal expenses 415 17 13 Furniture and fixtures 618 78 14 Maps including corrections 3792 01 15 Underwriters boards and tariff associations 8680 81 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 6287 63 17 Inspections and surveys 2849 94 20 State taxes on premiums 13821 84 21 Insurance department licenses and feees 4605 11 22 All other licenses fees and taxes Municipal licenses and taxes 2584 13 24 Mercantile reports 1210 00 25 Sundry office expenses 479 84 34 Paid stockholders for interest or dividends amount declared during the year 50000 50000 00 38 Agents balances charged off 446 93 39 Gross loss on sale or maturity of ledger assets viz Bonds 750 00 Stocks 4243 50 41 Total disbursements 714477 10 IVLedger Assets 2 Mortgage loans onreal estate first liens 272250 00 4 Hook value of bonds 32354625 and stocks 72055413 1044100 38 5 Cash in companys office 6553 13 6 Deposits in trust companies and banks not on interest 7154 66 7 Deposits in trust companies and banks on interest 196051 53 8 Agents balances representing business writ ten subsequent to October 1 1913 151125 46 9 Agents balances representing business writ ten prior to October 1 1913 3570 92 16 Total ledger assets 1680806 08ComptrollerGenerals Report 69 NonLedger Assets 17 Interest accrued on mortgages 3689 37 20 Interest accrued on bonds 4282 32 24 Total 7971 69 30 Gross assets 1688777 77 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 3570 92 38 Book value of ledger assets over market value 129000 38 39 Total 132571 30 41 Total admitted assets 1556206 47 VLiabilities 1 Gross losses adjusted and unpaid due 1 441 not yet due 9200 10641 00 2 Gross claims for losses in process of adjust ment or in suspense plus 2159 reserve for losses incurred prior to December 31 of which no notice had been received on that date 87779 00 3 Gross claims for losses resisted 13600 00 4 Total 112020 00 5 Deduct reinsurance due or accrued 96744 17 6 Net amount of unpaid losses and claims 15275 83 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 114273317 unearned pre miums per recapitulation 610441 17 16 Dividends declared and unpaid to stockholders 12500 00 17 Salaries rents expenses bills accounts fees etc due or accrued 1000 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 7500 21 Reinsurance and return premiums due other companies 52043 25 26 Total amount of all liabilities except capital 698760 25 27 Capital actually paid up in cash 580000 00 28 Surplus over all liabilities 277446 2270 ComptrollerGenerals Report 29 Surplus as regards polieyholders 857 446 22 30 Total liabilities 1556206 47 VIRisks and Premiums 1 In force on the 31 day of December as per line 6 under this heading in last year s statebent 1546234 99 2 Written or renewed during the year 1201213 80 i 4 Total 2747448 79 5 Deduct those expired and marked off as terminated 1023537 45 6 In force at the end of the year 1723911 34 7 Deduct amount reinsured 581178 17 8 Net amount in force 1 142 733 17 Businesss in the State of Georgia During the Year 27 Gross risks written 1 717 114 00 Less 257947 risks cancelled and 55666 reinsurance in companies authorized in Georgia 313 613 00 Net risks written 1403501 00 28 Gross premiums on risks written 28 529 38 Less 322935 return premiums and 54017 premiums for reinsurance in companies authorized in Georgia 3769 52 Net premiums received 24 759 86 Net losses paid 7711 86 Net losses incurred 10564 86 COLUMBIA FIRE INSURANCE COMPANY OF ATHENS GEORGIA J Y Carithers President Langdon C Quin Secretary Langdon Quin Athens 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 Dec 31 of previous years 203019 56 4 Extended at 203019 56ComptrollerGenerals Beport IIIncome 5 Gross premiums 112199 61 6 Deduct reinsurance premiums fire 15 23881 return premiums fire 1903895 total 34277 76 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 240 00 10 Gross interest on collateral loans 492 00 11 Gross interest on bonds and dividends on stocks G217 08 17 Total gross interest and rents 28 Total income 71 77921 85 6949 08 84870 93 IIIDisbursements 1 Gross amount paid policyholders for losses including 451700 occurring in pre vious years 2 Deduct amount received for salvage fire 6559 reinsurance fire 1348021 59006 11 13545 80 3 Net amount paid policyholders for losses 45 460 31 4 Expenses of adjustment and settlement of losses 1226 22 5 Commissions or brokerage less 4i38016 reinsurance commissions 18 419 11 6 Allowances to local agencies for miscellaneous agency expenses J2 55 7 Salaries 192932 and expenses 320140 of special and general agents 5130 72 8 Salaries fees and all other charges of officers directors trustees and home office employees 6 707 50 9 Rents 1021 53 10 Advertising 70644 printing and stationery 104442 1750 86 11 Postage telegrams telephone and express 731 23 3 Furniture and fixtures 70 42 14 Maps including corrections 299 15 20 State taxes on premiums 288 31 21 Insurance department licenses arid fees 200 50 22 All other licenses fees and taxes Agency taxes 1071 87 23 Other disbursements Exchange 9 80 25 General expenses 1089 96 41 Total disbursements 83490 0672 ComptrollerGenerals Report IVLedger Assets 2 Mortgage loans on real estate 8350 00 3 Loans secured by pledge of bonds stocks or other collateral 32746 00 4 Book Value of bonds 12864600 and stocks 40000 total 129046 00 5 Cash in companys office 95 60 6 Deposits in trust companies and banks not on interest 12120 93 8 Agents balances representing business written subsequent to Oct 1 1913 19933 36 9 Agents balances representing business written prior to Oct 1 1913 1366 32 13 Accounts receivable 742 22 16 Total ledger assets 204400 43 NonLedger Assets 17 Interest due 142746 and accrued 10000 on mortgages 19 Interest due 389301 and accrued 1036 on collateral loans 18 Interest accrued on other assets 1527 46 3903 43 993 81 24 Total 6424 70 30 Gross assets 210825 13 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 1366 32 40 Accounts receivable 742 72 Total 41 Total admitted assets 2108 54 208716 59 VLiabilities 4 Total 5 Deduct reinsurance due or accrued 12178 20 2706 00 6 Net amount of unpaid losses and claims 10 Total unearned premiums as computed above 9472 20 59068 89ComptrollerGenerals Report 73 17 Salaries rents expenses bills accounts fees etc due or accrued 233 17 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 64 87 21 Reinsurance and return premiums due other companies net 1817 04 26 Total amount of all liabilities except capital 70656 17 27 Capital actually paid up in cash 100000 00 28 Surplus over all liabilities 38060 42 29 Surplus as regards policyholders 138060 42 30 Total liabilities 208716 59 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 420110100 87723 17 2 Written or renewed during the year 6034798 00 112199 61 4 Total 10235899 00 199922 78 5 Deduct those expired and marked off as terminated 4310978 00 78247 83 6 In force at the end of the year 5924921 00 121674 95 7 Deduct amount reinsured 762318 00 14681 65 8 Net amount in force 5162603 00 106993 30 Business in the State of Georgia During the Year 27 Gross risks written 6034798 00 Less 1226483800 risks cancelled and 76231800 re insurance in companies authorized in Georgia 2027156 00 Net risks written 4007642 00 28 Gross premiums on risks written 112199 61 Less 1903895 return premiums and 1468165 prem iums for reinsurance in companies authorized in Ga 33720 60 Net premiums received 78479 0174 ComptrollerGenerals Report 29 Losses paid deducting salvage 58940 52 Less losses on risks reinsured in companies authorized in Georgia 13480 21 Net losses paid 45460 31 30 Losses incurred 62471 17 Less losses on risks reinsured in companies authorized in Georgia 14686 21 Net losses incurred 47781 96 THE COMMERCIAL FIRE INSURANCE COMPANY OF THE DISTRICT OF COLUMBIA Robert R Tuttle President Paul V drove John McKee Secretaries AV I Harris Atlanta Attorney for Service ICapital Stock 1 Amount of capital stock paid up in cash 466338 75 2 Amount of ledger assets as per balance December 31 of previous year 913488 23 3 I ncrease of paidup capital during the year 35548 75 4 Extended at 949036 98 IIIncome 5 Gross premiums 420336 54 6 Deduct Reinsurance premiums fire 169 93920 return premiums fire 14025001 310189 81 7 Total premiums other than perpetual 9 Gross interest on mortgage loans less 4150 accrued interest on bonds acquired during 1913 11 Gross interest on bonds and dividends on stocks less 24550 12 Gross interest on deposits in trust compa nies and banks 13 Gross interest from all other sources 16 Gross rents from companys property in cluding 381355 for companys oecup pancy of its own buildings 17 Total gross interest and rents 110146 73 10882 04 7879 50 396 49 46 70 71101 98 90306 71ComptrollerGenerals Eeport 75 18 From other sources 19 Contributed surplus 20 Commission on loans 21 From interest in Southern Bldg stock 22 From payments on installment subs to stock 23 From settlement with former general agents 24112 25 183 00 270 99 18753 25 4459 29 Total 25 Increase in rent from sale of industrial department 28 Total income IIIDisbursements 1 Gross amount paid policyholders for losses 274378 28 2 Deduct amount received for Salvage fire 81126 reinsurance fire 9457758 discount fire 4497 95 433 3 Net amount paid policy holders for losses3 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 6 Allowances to local agencies for miscellaneous agency ex penses 7 Salaries and 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 printing and stationery 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 assessments fees taxes and expenses 17 Inspection 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 feees and taxes Federal corporation tax 32 51 City and county licenses taxes and fees 1959 80 Total 23 Other disbursements Interest on mortgages on real estate 47778 78 16000 248392 22 178944 47 5205 03 18603 79 9915 83 7047 78 35943 10 3813 55 13089 31 3316 22 968 10 1788 76 746 38 1130 08 398 41 198 78 17538 73 6502 26 5199 14 4537 32 1992 31 25000 0076 24 25 26 27 28 29 30 31 32 38 41 4 9 12 13 16 17 20 IS 23 24 27 30 ComptrollerGenerals Report Advisory directors fees 171 34 Exchange 245 ins pub 32588 notary etc 21100 539 33 Settlement ThompsonStarrett suit 3750 00 Advertising 18 00 Return of advances and bond dep ind dep 108 69 Commission and expenses sale of stock 534 60 Miscellaneous home office expense 2811 60 Expense of congressional investigation 20262 29 Transferred to fullpaid capital and surplus from partpaid capital 40192 13 Total 103387 98 Agents balances charged off 84 53 Total disbursements 420351 86 IVLedger Assets Book of real estate less 65000000 incum brances 350000 00 Mortgage loans on real estate all first liens 106500 00 Book value of bonds 211988 92 Cash in companys office 150 deposits in trust companies ttnd banks not on interest 4094216 41092 16 Agents balances representing business writ ten subsequent to October 1 1913 45062 34 Agents balances representing business writ ten prior to October 1 1913 18840 45 Other ledger assets viz Deposits in under writers boards 150 00 Cash in hands of rental agent 3443 47 Total ledger assets 777077 34 NonLedger Assets Interest due 37901 and accrued 153389 on mortgages 1912 89 Interest accrued on bonds 3410 83 Interest on other assets Bank deposits 34 16 Rents mi companys property or lease 4171 49 Total 9529 37 Other noneldger assets viz Notes receivable 167 13 Gross assets 786773 84OompteollebGeneeals Bepoet Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 18840 45 38 Book value of ledger assets over market value viz Bonds 8223 92 39 Notes receivable and uncollectible rents 521 99 77 Total 41 Total admitted assets VLiabilities 1 Gross losses adjusted and unpaid i 2 Gross claims for losses in process of adjust ment or in suspense plus 416221 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 3816 05 49709 95 4 Total 5 Deduct reinsurance due or accrued 53586 00 19788 35 6 7 15 17 18 19 22 23 24 25 Net amount of unpaid losses and claims Gross premiums less reinsurance received and receivable upon all unexpired fire risks 23762001 unearned pre miums per recapitulation Interest due or accrued including 472910 on borrowed money 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 Contingent commissions or other charges due or accrued Due First National Insurance Company All other liabilities viz Taxes accrued on real estate Reserve for uncollectible agents balances Unpaid expenses on real estate 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 466 33875 part paid 839053 474729 28 28 Surplus over all liabilities 100497 81 29 Surplus as regards policyholders 30 Total liabilities 27586 36 759187 48 33797 05 131119 32 4729 10 1052 00 2500 00 480 59 1819 50 3251 16 4459 29 751 78 183960 39 575227 09 759187 4878 ComptrollerGenerals Beport 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 2 Written or renewed during the year 3 Excess of original premiums over amount received for reinsurance 25630950 336532 45 35475895 420336 54 618 24 4 Total 5 Deduct those expired and marked off as terminated 61106845 757487 23 32340828 404468 01 6 In force at the end of the year 287436017 353 019 22 7 Deduct amount reinsured 8527946 115 399 21 8 Net amount in force 20238071 237620 01 Business in the State of Georgia During the Year 27 Gross risks written 1502300 00 Less 912300 risks cancelled and 1384900 reinsurance in companies authorized in Georgia 2 297 200 00 Net risks written 794900 00 28 Gross premiums on risks written 21 182 44 Less 1287195 return premiums and 1952774 premiums for reinsurance in companies authorized in Georgia 32 399 69 Net premiums received n 217 25 20 Losses paid deducting salvage 30 224 54 Less losses on risks reinsured in companies authorized in Georgia 17769 33 Net losses paid g 30 Losses incurred Less losses on risks reinsured in companies authorized in Georgia 12455 21 33192 54 18787 99 Net losses incurred 14404 55ComptrollerGeneral s Report 79 COMMERCIAL UNION ASSURANCE COMPANY LTD OF LONDON ENGLAND A H Wray Manager D I Mclntyre Atlanta Attorney for Service ICapital Stock 1 Deposit capital pursuant to laws of Illinois deposited in New York 200000 00 2 Amount of ledger assets as per balance December 31 previous years 7573211 62 IIIncome 3 Gross premiums 7755864 54 4 Deduct reinsurance premiums fire 1132 54963 marine and inland 65163253 return premiums 117790121 marine and inland 6806386 total 3030147 23 7 Total premiums other than perpetual 4725717 31 8 Deposit premiums written on perpetual risks gross 503 70 9 Gross interest on mortgage loans 3678 20 11 Gross interest on bonds and dividends on stocks less 128091 aecrued interest on bonds acquired during 1913 223397 27 12 Gross interest on deposits in trust com panies and banks 7246 20 13 Gross interest from all other sources Bills receivable 4 32 16 Gross rents from companys property 65546 42 17 Total gross interest and rents 24 Remittance from home office 299872 41 341327 76 29 Total income 5367421 18 IIIDisbursements 1 Gross amount paid policyholders for losses including 53113228 occurring in pre vious years 3502740 14 2 Deduct amount received for salvage fire80 ComptrollerGeneral s Report 2407225 marine and inland 72 75966 reinsurance fire 50783439 marine and inland 41594230 total 1020608 60 3 Net amount paid policykolders for losses 2482131 54 4 Expenses of adjustment and settlement of losses 68011 65 5 Commissions or brokerage 1147189 75 6 Allowances to local agencies for miscellaneous agency expenses 8583 73 7 Salaries 5795502 and expenses 4573976 of special and general agents 103694 78 8 Salaries fees and all other chaTges of officers directors trustees and home office employees 198822 95 ft Rents 26234 56 10 Advertising 542198 printing and stationery 4201201 47433 99 11 Postage telegrams telephone and express 22333 79 12 Legal expenses 2499 67 13 Furniture and fixtures 4904 99 14 Maps including corrections 7251 56 15 Underwriters boards and tariff associations 49071 37 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 32739 72 17 Inspections and surveys 21027 11 18 Repairs and expenses other than taxes on real estate 24678 17 19 Taxes on real estate 17376 50 20 State taxes on premiums 83619 94 21 Insurance department licenses and fees 14785 89 22 All other licenses fees and taxes Federal corporation tax 6822 53 State county and municipal licenses and fees 9625 71 Franchise tax 4245 92 23 Other disbursements Remittance to homo office 959493 89 27 Exchange 4360 15 33 Deposit premiums returned 2513 00 38 Agents balances charged off 15098 82 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 6918 41 41 Total disbursements 5371470 09 IVLedger Assets 1 Book value of real estate 698163 62 2 Mortgage loans on real estate 29000 00 4 Book value of bonds 506489307 and stocks 132 35498 total 5197248 03 5 Cash in companys office 1323 84 6 Deposits in trust companies and banks not on interest 75117 80ComptrollerGenerals Report II 7 Deposits in trust companies and banks on interest 433070 88 8 Agents balances representing business written subsequent to October 1 1913 1103497 66 9 Agens balances representing business written prior to Oct 1 1913 31019 26 11 Bills receivable taken for fire risks 716 60 16 Total ledger assets 7569162 71 NonLedger Assets 17 Interest accrued on mortgages 169 58 18 Interest accrued on bonds 72255 00 23 Rents accrued on companys property or lease 8899 00 24 Total 81323 58 25 Market value of real estate over book value 189836 38 30 Gross assets 7840322 67 Deduct Assets Not Admitted 35 Bills receivable past due taken for ma rine inland and fire risks 31019 26 36 Loans on personal security endorsed or not 716 60 40 Bonds and stocks 366653 05 Total 398388 91 41 Total admitted assets 7441933 76 VLiabilities 1 Gross losses adjusted 78747 53 2 Gross claims for losses in process of ad justment or in suspense plus 1907053 reserve for fosses incurred prior to Dec 31 of which no notice had been receiv ed on that date 586211 80 3 Gross laims for losses resisted 49660 87 4 Total 714620 20 5 Deduct reinsurance due or accrued 131291 72 6 Net amount of unpaid losses and claims 58332 4882 ComptrollerGenerals Report 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 786715065 unearned prem iums per recapitulation 4085003 08 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 3879045 unearned premiums fifty Per cent 19395 23 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 13365262 unearned premiums 8547631 at 50 per cent 4273816 4817631 at 100 per cent 4817631 total 90914 47 10 Total unearned premiums as computed above 4195 312 78 11 Amount reclaimable by the insured on perpetual fire in surance policies being 90 per cent of the premium or deposit received g 9qq no 17 Salaries rents expenses bills accounts fees etc due or accned 2410 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of iius statement 90j000 19 Contingent commissions or other charges due or accrued 15300 00 26 Total amount of all liabilities except capital 4973550 34 28 Surplus over all liabilities 2468373 49 30 Total liabilities 7j441933 76 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 776963556 00 7957003 80 2 Y ntton or renewed during the year 630180137 6301790 70 3 Excess of original premiums over amount received for reinsurance 275 835 93 t tal 1407143693 14534630 43 5 Deduct those expired and marked off as terminated 523870857 5639251 54 6 Tn force at the end of the year 883272836 8895 378 89 7 Deduct amount reinsured 122777454 1028228 24ComptrollerGenerals Report 83 8 Net amount in force 760495382 7867150 65 9 Perpetual risks not included above 454444500 deposit premiums on same 96898 98 THE COMMONWEALTH INSURANCE COMPANY OF NEW YORK E G Richards President Robert Newbault Secretary Frank H Reynolds Atlanta Ga Attorney for Service ICapital Stock 1 Amount of capital stock paid up in cash 500000 00 2 Amount of ledger assets as per balance December 31 of previous year 2621097 02 4 Extended at 2621097 02 IIIncome 5 Gross premiums 1543971 50 6 Deduct Reinsurance premiums fire 373 89466 return premiums fire 29662817 670522 83 7 Total premiums other than perpetual 873448 69 9 Gross interest on mortgage loans 15187 50 11 Gross interest on bonds and dividends on stocks less 157902 accrued interest on bonds acquired during 1913 91498 48 12 Gross intereston deposits in trust companies and banks 539 97 13 Gross interest from all other sources Inter est on deferred payments of interest on mortgages 16 34 14 Interest on deferred payments of agency balances 3 86 15 Western Adjustment and Inspection Co 12 00 17 Total gross interest and rents 107258 15 25 From agents balances previously charged off 20 32 26 Gross profit on sale or maturity of ledger assets viz Bonds 7875 stocks 110162 1180 37 28 Total income 981907 5384 ComptrollerGenerals Report IIIDisbursements 1 Gross amount paid policyholders for losses including 10637264 occurring in pre vious years 638104 98 2 Deduct amount received for Salvage fire 454957 reinsurance fire 18002473 184574 30 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 ex penses 7 Salaries 1792202 and expenses 1702377 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents 10 Advertising 73378 printing and stationery 1067256 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 assessments 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 2259 30 Municipal licenses and fees 4891 15 Legal publications 528 19 Total 34 1aid stockholders for interest or dividends amount de clared during the year 50000 38 Agents balances charged off 39 Gross loss on sale or maturity of ledger assets viz Stocks 40 Gross decrease by adjustment in book value of ledger as sets viz Stocks 41 Total disbursements i 453530 68 8043 06 188146 07 4631 50 34945 79 23808 70 8012 bl 11406 34 6805 1 511 00 1016 08 865 71 13709 99 5518 54 962 05 16091 31 6147 87 7678 64 50000 00 290 07 2137 51 1101 62 845363 91ComptrollebGeneeals Report 85 IVLedger Assets 2 Mortgage loans on real estate first liens 307100 00 4 Book value of bonds 140711946 and stocks 82757290 2234692 36 5 Cash in companys office 200 00 7 Deposits in trust companies and banks on interest 68557 93 8 Agents balances representing business writ ten subsequent to October 1 1913 13855614 9 Agents balances representing business writ ten prior to October 1 1913 7154 48 12 Other ledger assets viz Western Adj and Insp Co 200 00 t6 Reinsurance recoverable on paid losses 1374 88 14 Reinsurance recoverable on paid adjustments 5 35 16 Total ledger assets 2757640 64 NonLedger Assets 17 Interest due 675 and accrued 261918 on mortgages 3294 18 20 Interest accrued 1584832 on bonds 15848 32 24 Total 19A42 50 30 Gross assets 2776783 14 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 7154 48 38 Book value of ledger assets over market value 136361 36 40 Total 143515 34 11 Total admitted assets 2633267 30 VLiabilities 1 Gross losses adjusted and unpaid 17049 00 2 Gross claims for losses in process of adjust ment or in suspense plus 1377 reserve for losses incurred prior to December 3186 ComptrollerGenerals Report of which no notice had been received on that date 3 Gross claim for losses resisted 68130 58 11839 26 4 Total 5 Deduct reinsurance due or accrued 97018 84 20886 00 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 162609903 unearned pre miums per recapitulation 10 Total unearned premiums as computed above 17 Salaries rents expenses bills accounts fees etc due or accrued 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 76132 84 840854 18 840854 18 1500 00 30000 00 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 500000 00 28 Surplus over all liabilities 1184 780 28 948487 02 29 Surplus as regards policyholders 1 684 780 28 30 Total liabilities g o 330 037 30 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 2 Written or renewed during the year 220823297 1961107 82 18503362 1543971 52 4 Total 5 Deduct those expired and marked off as terminated 405856918 3505079 34 173142397 1435204 85 6 In force at the end of the year 7 Deduct amount reinsured 232714521 2069874 49 49227042 443775 46 Net amount reinsured 183478479 1626099 03 Business in the State During the Year 27 Gross risks written Less 350654 risks cancelled and 522232 reinsurance i companies authorized in Georgia Net risks written 1753271 00 872886 00 880385 00CompteolleeGteneeals Repoet 87 28 Gross premiums on risks written 19154 39 Less 365421 return premiums and 603361 premiums for reinsurance in companies authorized in Georgia 9687 82 Net premiums reecived 9466 57 29 Losses paid deducting salvage 3516 46 Net losses paid 1081 64 30 Losses incurred 9268 46 Net losses incvirred 3303 64 THE CONCOEDIA FIEE INSUEANCE COMPANY OF MILWAUKEE WISCONSIN Gustav Wollaeger Jr President Frank Darnkoehler Secretary Langden C Quin 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 years 2374323 31 4 Extended at 2374323 Si llIncome 5 Gross premiums 1846926 14 6 Deduct reinsurance premiums Are 433 22959 return premiums fire 303 79095 total 737020 54 7 Total premiums other than perpetual 1109905 60 9 Gross interest on mortgage loans less 183 accrued interest on bonds acquired during 1913 48337 47 11 Gross interest on bonds and dividends on stocks less 30208 accrued interest on bonds acquired during 1912 50426 00 12 Gross interest on deposits in trust com panies and banks 409 8088 ComptrollerGenerals Report 14 Milwaukee Bd of Fire Und Milwaukee Avis 4 00 15 Underwriters Salvage Co Chicago 111 18 00 17 Total gross interest and rents 99 195 27 18 From other sources Loan at Bank Second Ward Savings Bank Milwaukee Wis 85 QOO 00 25 From agents balances previously charged off 532 59 27 Gross increase by adjustment in book value of ledger assets viz Bonds 85 00 28 Total income 1294718 40 IIIDisbursements 1 Gross amount paid policyholders for losses including 12080849 occurring in pre vious years 971946 84 2 Deduct amount received for salvage fire 912104 reinsurance Are 29642003 discount fire 129140 total 306832 47 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage including 1813775 on risks of other companies reinsured less 12996888 rein surance commissions 6 Allowances to local agencies for miscellaneous agency expenses 7 Salaries 2637497 and expenses 1780025 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents 10 Advertising 114365 printing and stationery 1122899 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 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax Municipal licenses Local taxes 665114 37 12197 20 276910 7 1440 85 44175 22 47599 82 4950 00 12372 64 9349 02 3964 61 1022 91 4344 24 13382 40 13760 94 27414 47 6826 14 539 47 1313 91 14 01 75 00 27 00 517 60 30 45 795 27 98 30 610 85 328 90 3268 46 85000 00 554 16 50000 00 1286 74 938 90 29781 00 ComptrollerGeneral s Report 89 23 Other disbursements 24 Rent of deposit vault Second Ward Savings Bank 25 Premium on bond and cashier 26 Repairs of office and office sundries 27 Registers fees and recording mortgages 28 Donations 29 Merchants and manufacturers Association 30 Meals for clerks working overtime 31 Entertaining agents and special agents 32 Traveling and mileage of officers 32a Loan at Bank Second Ward Savings Bank Milwaukee Wis 32b Interest paid bank on above loan 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 1330005 67 IVLedger Assets 2 Mortgage loans on real estate 971307 52 4 Book value of bonds 957623 08 5 Cash in companys office 5669 23 6 Deposits in trust companies and banks not on interest 64702 41 7 Deposits in trust companies and banks on interest 43423 64 8 Agents balances representing business written subsequent to Oct 1 1913 288902 58 9 Agents balances representing business written prior to Oct 1 1913 7407 64 16 Total ledger assets 2339036 10 NonLedger Assets 17 Interest accrued on mortgages 8076 36 18 Interest accrued on other assets 14367 49 22443 85 24 Total1 28 Due from other companies for losses paid American Union Insurance Co Philadelphia Pa 2063 57 Balkan National Ins Co Sofia Bulgaria 9345 2090 ComptrollerGenerals Report Boston Insurance Co Boston Mass 165 75 Commonwealth Fire Ins Co Dallas Texas 12 31 Empire City Fire Ins Co New York City 1 57 Firemens Insurance Co Washington D C 71 34 German Fire Insurance Co Pittsburgh Pa 81 55 Lumber Insurance Co New York City 554 56 Munich Reinsurance Co Munich Bavaria 442 74 National Lumber Insurance Co Buffalo N Y 981 48 30 Gross assets 2375200 02 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 7407 64 40 Ttal 7j407 64 41 Total admitted assets 2 367 792 38 VLiabilities 1 Gross losses adjusted and unpaid 31342 21 2 Gross claims for losses in process of ad justment or in suspense plus 955670 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date yj 040 34 3 Gross claims for losses resisted 19 725 00 4 Total 144307 55 5 Deduct reinsurance due or accrued 46 466 81 6 Net amount of unpaid losses and claims 97 840 74 7 Cross premiums less reinsurance receiv ed and receivable upon all unexpired Are risks 215277973 unearned prem iums per recapitulation 1120 145 81 10 Total unearned premiums as computed above 1120 145 81 17 Salaries rents expenses bills accounts tees etc due or accrued None due or accrued 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement oq 000 0o 19 Contingent commissions or other charges due or accrued 57272 61ComptrollerGenerals Report 91 21 23 25 27 Reinsurance and return premiums due other companies 30583 26 All other liabilities viz Reserve for contingencies 10000 00 Total amount of all liabilities except capital 1345842 42 Capital actually paid up in cash 600000 00 Surplus over all liabilities 421949 96 29 Surplus as regards policyholders 1021949 96 30 Total liabilities 2367792 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 240365740 00 2692709 19 2 Written or renewed during the year 162939054 00 1846926 14 Total 403304794 00 4939635 33 Deduct those expired and marked off as terminated 142725078 00 1730670 90 In force at the end of the year260579716 00 2808964 43 Deduct amount reinsured 51822702 00 656184 70 Net amount in force 208757014 00 2152779 73 Business in the State of Georgia During the Year Gross risks written 686876 00 Less 4847500 risks cancelled and 1650000 reinsur ance in companies authorized in Georgia 64975 00 28 Net risks written 621901 00 Gross premiums on risks written 9272 90 Less 102786 return premiums and 19741 premiums for reinsurance in companies authorized in Georgia 1225 37 Net premiums received 8047 53 Net losses paid 18 42 Net losses incurred 1218 492 ComptrollebGekeeal s Eepoet THE CONNECTICUT FIRE INSURANCE COMPANY Edward Milligan President John A Gosmus Secretary ICapital Stock 1 Amount of capital stock paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 31 of previous year 7741005 41 4 Extended at 7741005 41 IIIncome 5 Gross premiums 5314009 13 6 Deduct Reinsurance premiums fire 739 74165 return premiums fire 68633582 1426077 47 7 Total premiums other than perpetual 3 021 66 9 Gross interest on mortgage loans 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks less 251236 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust companies and banks 13 Gross interest from all other sources 14 Bills receivable etc 16 Gross rents from companys property in cluding 816634 for companys occu pancy of its own buildings 17 Total gross interest and rents 25 Prom agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Real estate Bon i Is Stocks 49027 73 2247 44 237179 92 4186 02 1520 91 8578 64 20100 00 352 50 9854 25 302722 66 226 99 Total 30206 75 28 Total income 4221178 06 IIIDisbursements 1 Gross amount paid policyholders for losses including 31793234 occurring in pre vious years 2601978 87ComptrollerGenerals Report 93 2 Deduct amount received for Salvage fire 1546042 reinsurance fire 41695542 discount fire 83601 433251 85 3 Net amount paid policyholders for losses 2168727 02 4 Expenses of adjustment and settlement of losses 35319 09 5 Commissions or brokerage 832635 44 6 Allowances to local agencies for miscellaneous agency ex penses 14695 90 7 Salaries 10438567 and expenses 5982844 of special and general agents 164214 11 8 Salaries fees and all other charges of officers directors trustees and home office employees 228539 26 9 Rents including 816634 for companys occupancy of its own buildings 31218 n 10 Advertising 1724222 printing and stationery 3487688 52119 10 11 Postage telegrams telephone and express 22581 60 12 Legal expenses 18680 81 13 Furniture and fixtures 4316 90 14 Maps including corrections 12950 27 15 Underwriters boards and tariff associations 28119 79 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 26743 90 17 Inspections and surveys 33069 30 18 Repairs and expenses other than taxes on real estate 266 27 19 Taxes on real estate 2377 05 20 State taxes on premiums 70619 43 21 Insurance department licenses and fees 20800 25 22 All other licenses fees and taxes Federal corporation tax 3554 94 Municipal licenses and fees 6177 48 Stockholders tax 28710 80 Total 3M42 22 34 Paid stockholders for interest or dividends amount declared during the year 180000 special dividend 750000 930000 00 38 Agents balances charged off 2199 76 39 Gross loss on sale or maturity of ledger assets viz Real estate 1289 00 Bonds 45623 56 Total 1256 40 Gross decrease by adjustment in book value of ledger as sets Real estate 3250 00 41 Total disbursements 4788798 8094 ComptrollerGenerals Report IVLedger Assets 1 Book value of real estate 3 350 00 2 Mortgage loans on real estate first liens lOOolOO 00 3 Loans secured by pledge of bonds stocks or other collateral 30000 00 4 Book value of bonds 499879261 and stocks 29870566 5 297 498 27 5 Cash in companys office 574 73 6 Deposits in trust companies and banks not on interest 32550 g9 7 Deposits in trust companies and banks on interest 398212 54 8 Agents balances representing business writ ten subsequent to October 1 1913 355540 00 9 Agents balances representing business writ ten prior to October 1 1913 7 213 86 11 Bills receivable taken for fire risks 48444 98 16 Total ledger assets 7173384 67 NonLedger Assets 17 Interest accrued on mortgages u 432 53 20 Interest accrued on bonds og 471 gg 19 Interest accrued on collateral loans 403 75 24 TtaI T37Z7 40357 26 30 Gross assets 7213741 93 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 7 213 86 35 Bills receivable past due taken for marine inland and fire risks 37 70 g 38 Book value of ledger assets over market valne 417183 27 39 Total 452196 68 41 Total admitted assets7w VLiabilities 1 Gross losses adjusted and unpaid not yet u 72852 47ComptrollerGenerals Report 95 2 Gross claims for losses in process of adjust ment or in suspense plus 2000000 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 236313 27 3 Gross claims for losses resisted 50382 18 4 Total 359547 92 5 Deduct reinsurance due or accrued 53189 59 0 Net amount of unpaid losses and claims 306358 33 7 Gross premium less reinsurance received and receivable upon all unexpired fire risks 799280618 unearned pre miums per recapitulation 4080430 32 17 Salaries rents expenses bills accounts fees etc due or accrued 11600 0 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 40000 00 19 Contingent commissions or other charges due or accrued 751 70 26 Total amount of all liabilities except capital 4439140 35 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 1322408 90 29 Surplus as regards policyholders 2322408 90 30 Total liabilities 6761549 25 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 836954242 9028971 69 2 Written or renewed during the year 492505512 5314099 13 3 Excess of original premium over amount received for reinsurance 1724 00 4 Total 1328559754 14344794 82 5 Deduct those expired and marked of as terminated 468427540 5297723 96 6 In force at the end of the year 86032214 9047070 86 7 Deduct amount reinsured 93904089 1054264 68 8 Net amount in force 766228125 7992806 186 ComptSolleeGeneRals Report Business in the State of Georgia During the Year 27 Gross risks written 2813856 00 Less risks cancelled 449 isg 00 Net risks written 2364671 00 28 Gross premiums on risks written 43 770 14 Less return premiums 6 999 go Net premiums received 36 770 64 Net losses paid 12 253 20 Net losses incurred n 389 72 THE CONTINENTAL INSURANCE COMPANY OF NEW YORK N Y Home Office 80 Maiden Lane New York N Y Henry Evans President C R Tuttle Secretary ICapital Stock 1 Amount of capital paid up in cash 200000000 2 Amount of ledger assets as per balance December 31 of previous year 26940649 78 4 Extended at 26940649 78 IIIncome Fire Marine and Inland 5 Gross premiums 10511407 96 284657 98 6 Deduct reinsurance prem iums fire 126704394 marine and inland 82 29685 return premiums fire 127269686 marine and inland 7813506 2539740 80 160431 91 7 Total premiums other than perpetual 7971667 16 9 Gross interest on mortgage loans 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks less 532317 accrued interest on bonds acquired during 1913 124226 07 8095893 23 135 00 10875 00 1027003 31COMPTROLLERGENERALS REPORT 97 12 Gross interest on deposits in trust com panies and banks 46507 90 13 Gross interest from all other sources 1361 52 16 Gross rents from companys property in cluding 472500 for companys occu pancy of its own buildings 62794 15 17 Total gross interest and rents 1148676 88 18 From other sources 19 Commission of 58 per cent in 12665000000 Southern Pacific Co stock syndicate 3125 00 20 Commission of 2 per cent and profit in Baltimore Ohio R R Co 4 per cent Convertible Gold Bonds syndicate 5018 35 21 Commission of 2 per cent in Syndicate to underwrite sale of certificates of interest in Southern Pacific Co Stock 5000 00 22 Normal tax of 1 per cent withheld from salaries paid in compliance with federal income tax law 53 34 24 Increase in liabilities during the year on account of re insurance treaties 9341 51 25 From agents balances previously charged off 291 30 26 Gross profit on sale or maturity of ledger assets viz Bonds 15555 00 Stocks 66467 00 27 Gross increase by adjustment in book value of ledger assets viz Bonds 34441 00 Stocks 829 970 00 28 Total income 10213832 61 IIIDisbursements 1 Gross amount paid policy holders for losses in cluding 45778414 occur f ring in previous years 5002707 93 114526 14 2 Deduct amount received for salvage fire 22 39359 marine and in land 162459 reinsur ance fire 75303517 marine and inland 51 94325 total 775428 76 53567 84 3 Net amount paid policy holders for losses 4227279 17 60958 30 4288237 47 4 Expenses of adjustment and settlement of losses 129124 2598 ComptrollerGenerals Report 5 Commissions or brokerage 1680837 60 6 Allowances to local agencies for miscellaneous agency expenses 1433 78 7 Salaries 13787656 and expenses 117784 11 of special and general agents 255660 67 8 Salaries fees and all other charges of officers directors trustees and home office employees 451819 13 9 Bents including 472500 for companys occupancy of its own buildings 75666 74 10 Advertising 3553904 printing and stationery 46 97951 total 82518 55 11 Postage telegrams telephone and express 68552 40 12 Legal expenses 1643 15 13 Furniture and fixtures 16724 31 14 Maps including corrections 24133 57 15 Underwriters boards and tariff associations 94374 48 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 32387 16 17 Inspections and surveys 2994 00 18 Repairs and expenses other than taxes on real estate 73945 62 19 Taxes on real estate 22850 32 20 State taxes on premiums 163626 01 21 Insurance department licenses and fees 31036 34 22 All other licenses fees and taxes Federal corporation tax 9025 80 Municipal taxes 20688 59 23 Other disbursements Mercantile agencies 10970 04 25 Miscellaneous 846 18 26 Exchange 10711 78 27 Subscription to papers 2873 89 28 Investment expenses other than real estate 7053 68 32 Bills receivable past due charged off 9107 62 34 Paid stockholders for interest or dividends amount de clared during the year 1000000 00 35 Scrip or certificates of profit redeemed in cash 73 00 36 Interest paid to scripholders 18 38 Agents balances charged off 843 04 39 Gross lass on sale or maturity of ledger assets viz Bonds 4074 00 Stocks 20312 00 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 137742 00 Stocks 4 919621 00 41 Total disbursements9 gg 508 35 IVLedger Assets 1 Book value of real estate 1175 000 00 2 Mortgage loans on real estate 2 700 00COMPTROLLERGENERALS REPORT 99 3 Loans secured by pledge of bonds stocks or other collateral 250000 00 4 Book value of bonds 637794500 and stocks 1525627000 total 21634215 00 5 Cash in companys office 2359 25 6 Deposits in trust companies and banks not on interest 29 47 7 Deposits in trust companies and banks on interest 3124738 24 8 Agents balances representing business written subsequent to Oct 1 1913 1090821 50 9 Agents balances representing business written prior to Oct 1 1913 4867 88 11 Bills receivable taken for fire risks 218342 70 16 Total ledger assets 27502974 04 NonLedger Assets 18 Interest due 2978600 and accrued 46 61519 on bonds 76401 19 20 Interest accrued on other assets On bank balances 84 64 23 Rents due on companys property or lease 37 50 24 Ttal 76523 33 26 Market value not including interest in item 18 of bonds and stocks over book value 136 307 80 30 Gross assets 27715805 17 Deduct Assets Not Admitted 34 Agents balances representing business written prior to October 1 1913 4867 88 35 Bills receivable past due taken for ma rine inland and fire risks 82460 65 40 Total 87328 53 41 Total admitted assets 27628476 64 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense plus 4860000 reserve for losses incurred prior to Dec100 ComptrollerGenerals Beport 33 of which no notice had been receiv ed on that date 588803 3o 3 Gross claims for losses resisted 38155 00 4 Total 5 Deduct reinsurance due or accrued 626958 35 109420 84 6 Net amount of unpaid losses and claims 517o37 51 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 1763320058 unearned prem iums per recapitulation 9174075 59 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 13248931 unearned premiums fifty per cent 66244 66 10 Total unearned premiums as computed abovei 14 Principal unpaid on scrip or certificate of profits author ized or ordered to be redeemed 15 Interest due or acorued on scrip 16 Dividends declared and unpaid to stockholders 500 00000 to policyholders 17 Salaries rents expenses bills accounts fees etc due or accrued IS Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement If Contingent commissions or other charges due or accrued interest 6155 total 21 funds held under reinsurance treaties Reserve 934151 23 All other liabilities viz Rent paid in advance 24 Nominal tax of 1 per cent withheld from Salaries in com pliance with federal income tax law 26 Total amount of all liabilities except capital 10564978 34 27 Capital actually paid up in cash 2000000 00 28 Surplus over all liabilities 15063498 30 I 9240320 25 26584 00 6063 12 500000 00 27500 00 166000 00 71494 46 9393 16 32 50 53 34 29 Surplus as regards policyholders 17063498 30 30 Total liabilities 27628476 64 VTRisks and Premiums Fire Risks Premiums Thereon 1 Tn force on the 31 day of December as per line 6 under this heading in last years statement 1780337683 18626578 52CompteollebGeneeal s Repoet 101 2 Written or renewed during the year 1056892057 10511407 96 4 Total 2837229740 29137986 48 5 Deduct those expired and marked off as terminated 915038154 9739451 26 6 In force at the end of the year 1922191586 19398535 22 7 Deduct amount reinsured 180519139 1765334 64 8 Net amount in force 1741672447 17633200 58 Business in the State of Georgia During the Year 27 Gross risks written 17074793 00 Less 403159300 risks cancelled and 133868900 re ins in co s authorized in Georgia 5369782 00 Net risks written 11705011 00 28 Gross premiums on risks written 205434 59 Less 2930557 return premiums and 521489 prem iums for reinsurance in companies authorized in Ga 34515 96 Net premiums received 170918 63 29 Losses paid deducting salvage 67250 21 Less losses on risks reinsured in companies authorized in Georgia 345 6 Net losses paid 66905 05 30 Losses incurred 76870 18 Less losses on risks reinsured in companies authorized in Georgia 351 38 Net losses incurred 76518 80 DIXIE FIRE INSURANCE COMPANY OF GREENSBORO N C H E Bush President F M Garner Secretary E J Dickey Attorney for Service ICapital Stock 1 Amount of capital stock paid up in cash 500000 00 2 Amount of ledger assets as per balance December 31 of previous year 1189656 62 4 Extended at 1189656 62102 ComptrollerGenerals Report IIIncome 5 Gross premiums 767777 49 6 Deduct Eeinsurance premiums fire 157 13613 return premiums 16780671 324942 84 7 Total premiums other than perpetual 442834 65 9 Gross interest on mortgage loans less 20 15095 accrued interest on bonds acquired during 1913 20150 95 10 Gross interest on collateral loans 1133 62 11 Gross interest on bonds and dividends on stocks less 43372 accrued interest on bonds acquired during 1913 20250 25 12 Gross interest on deposits in trust companies and banks 2734 51 16 Gross rents from companys property in cluding 180000 for companys occu pancy of its own buildings 8649 50 17 Total gross interest and rents 52918 83 25 From agents balances previously charged off 70 00 26 Gross profit on sale or maturity of ledger assets viz Bonds 25 00 28 Total income 495848 48 IIIDisbursements 1 Gross amount paid policyholders for losses including 3350419 occurring in pre vious years 396559 82 2 Deduct amount received for Salvage fire 210121 reinsurance fire 5984564 61946 85 9 10 11 12 13 14 15 Net amount paid policyholders for losses 334612 97 Expenses of adjustment and settlement for losses 10602 95 Commissions or brokerage 89470 07 Salaries 1503750 and expenses 1070725 of special and general agents 25744 75 Salaries fees and all other charges of officers directors trustees and home office employeees 33393 66 Routs for company s occupancy of its own buildings 1800 00 Advertising 206670 printing and stationery 334567 5412 37 Postage telegrams telephone and express 3268 81 Legal expenses 3980 49 Furniture and fixtures 395 46 Maps including corrections 1491 69 Underwriters boards ami tariff associations 10556 10ComptrollerGenerals Report 103 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 3 fifi 18 Eepairs and expenses other than taxes on real estate 5114 91 20 State taxes on premiums 6800 80 21 Insurance department licenses and fees 424 06 22 All other licenses fees and taxes Gountytax 1385 74 N C corporation tax 468 7 City license and taxes 4 032 7a Agents licenses 2l48 25 fire marshal tax fifi 23 Other disbursements 24 Office expense 112 00 25 Traveling expense 902 72 26 Bonding treasurer and State deposit bonds 241 44 27 Delta Yozoo license tax 100 00 28 Commercial reports 716 00 34 Paid stockholders for interest or dividends amount declared during the year 3000000 29 301 00 38 Agents balances charged off 1559 12 39 Gross loss on sale or maturity of ledger assets viz Mort en loans 1133 05 Bonds 4311 11 41 Total disbursements rjgy 300 on IVLedger Assets 1 Book value of real estate 112 500 00 2 Mortgage loans on real estate first liens 338484 10 3 Loans secured by pledge of bonds stocks or other collateral 3 qq qq 4 Book value of bonds 45565823 and stocks 10500 466158 23 5 Cash in company s office 255 50 6 Deposits in trust companies and banks not on interest 94 54 7 Deposits in trust companies and banks on p interest 59386 98 8 Agents balances representing business writ ten subsequent to October 1 1913 95422 48 9 Agents balances representing business writ ten prior to October 1 1913 20837 85 13 Philadelphia Underwriters Assn deposit 100 00 14 Reinsurance recoverable on paid losses 1785 12 16 Total ledger assets 1098124 80104 ComptrollerGenerals Report NonLedger Assets 17 Interest clue 16500 and accrued 461490 on mortgages 4779 90 20 Interest due 156666 and accrued 7 14082 on bonds 8707 48 19 Interest accrued on collateral loans 44 43 18 Interest accrued on banks 26 17 23 Rents due 52400 and accrued 46025 on company a property or lease 884 25 24 Total 14542 23 28 Furniture fixtures and maps 12000 00 29 Supplies printed matter and stationery 1500 00 30 Gross assets 1126167 03 Deduct Assets Not Admitted 32 Supplies printed matter and stationery 1500 00 32 Furniture fixetures and safes 12000 00 34 Agents balances representing business writ ten prior to October 1 1913 20837 85 38 Book value of ledger assets over market value 20548 23 41 Total admitted assets 1071240 95 VLiabilities 1 Gross losses adjusted and unpaid 7241 17 2 Gross claims for losses in process of adjust ment or in suspense plus 350000 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 29945 00 3 Gross claims for losses resisted 350 00 4 Total 37535 17 5 Deduct reinsurance due or accrued 8347 22 6 Net amount of unpaid losses and claims 29188 95 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 67707085 unearned pre miums per recapitulation 346480 48 16 Dividends declared and unpaid to stockholders 699 00 17 Salaries rents expenses bills accounts fees etc due or ac crued estimated amount hereafter payable for federalCompteolleeGeneeals Repoet state and other taxes based upon the business of the year of this statement contingent commissions or other charges due or accrued 105 10000 00 26 Total amount of all liabilities except capital 386 368 43 27 Capital actually paid up in cash 500000 00 28 Surplus over all liabilities 184 872 52 29 Surplus as regards policy holders 684 372 52 30 Total liabilities 1 071 240 95 VIRisks and Premiums Firs Risks Premiums Thereon 1 In force on the 31 day of December as per line 6 under this heading in last years statement 70862800 1012397 74 2 Written or renewed during the year 54364293 767777 49 4 Total 125227093 1780175 23 5 Deduct those expired and marked off as terminated 63250716 818356 00 6 In force at the end of the year 61976377 961819 23 7 Deduct amount reinsured 20592582 284 748 38 8 Net amount in force 41383795 677070 85 Business in the State of Georgia During the Year 27 Gross risks written 2463904 00 Less 759695 risks cancelled and 386473 reinsurance in companies authorized in Georgia 1146168 00 Net risks written 1318736 00 28 Gross premiums on risks written 38 792 21 Less 818595 return premiums and 728094 premiums for reinsurance in companies authorized in Georgia 15466 89 Net premiums received 23325 32 29 Losses paid deducting salvage 15840 62 Less losses on risks reinsured in companies authorized in Georgia 3837 96 Net losses paid 12002 66106 ComptrollerGenerals Report 30 Losses incurred 13783 83 Less losses on risks reinsured in companies authorized in Georgia 2281 96 Net losses incurred 11501 87 EQUITABLE FIRE AND MARINE INSURANCE COMPANY OF PROVIDENCE RHODE ISLAND Fred V Arnold President Samuel G Howe Secretary John J McKay 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 Dec 31 of previous years 1080432 61 4 Extended at 1080432 61 IIIncome Fire Marine Inland 5 Gross premiums1451851 23 1052 58 6 Deduct reinsurance prem iums fire 86497137 re turn premiums fire 24155245 marine and inland 315256 1106523 82 3152 56 7 Total premiums other than perpetual 34532741 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 60898 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust com panies and banks 14 Phila Underwriters Assn 16 Bills receivable taken for marine and in cluding 250000 for companys occu pancy of its own buildings 2099 98 34322743 5534 66 30475 16 1249 89 3 15 5394 25 17 Total gross interest and rents 43657 11ComptrollerGenerals Report 107 20 Conscience money 60 00 21 Borrowed money 150060 00 24 Increase in liabilities during the year on account of reinsurance treaties 37 gjg 94 25 From agents balances previously charged off 96 27 Gross increase by adjustment in book value of ledger assets viz Bonds 1 992 78 28 Total income 575616 92 IIIDisbursements Fire Marine Inland 1 Gross amount paid policy holders for losses in cluding 3960184 oc curring in previous years 450690 96 19923 25 2 Deduct amount received for salvage fire 4 30165 marine and in land 36761 reinsur ance fire 24672833 marine and inland 2317 discount fire 12675 251156 73 390 78 3 Net amount paid policy holders for losses 199534 23 19532 47 4 Expeses of adjustment and settlement of losses 5 Commissions or brokerage 7 Salaries 507592 and expenses 330188 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 Advertising 27367 printing and stationery 239446 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 18 Repairs and expenses other than taxes on real estate 19 Taxes on real estate 20 State taxes on premiums 219066 70 4696 95 97385 01 8377 SO 20636 19 2862 97 2668 13 1627 54 596 34 64 li 590 68 2340 27 3695 64 1129 73 3040 95 1967 13 10395 45 108 ComptrollerGenerals Eeport 21 Insurance department licenses and fees 4174 00 22 All other licenses fees and taxes Municipal and county fees and taxes 1032 04 23 Other disbursements Exchange 151 29 25 Lighting and laundry sundry expenses 536 02 26 Subscriptions to magazines and papers 109 94 27 Interest on borrowed money 221 88 28 Borrowed money Io0000 00 34 Paid stockholders for interest or dividends amount de clared during the year 24000 00 37 Decrease in liabilities during the year on account of re insurance treaties 154538 71 38 Agents balances charged off 3 7f 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 250 00 41 Total Disbursements 717960 13 IVLedger Assets 1 Book value of real estate 101180 00 2 Mortgage loans on real estate 115400 00 4 Book value of bonds 49108333 and stocks 19830000 total 689383 33 5 Cash in company a office 389 10 7 Deposits in trust companies and banks on interest 8874 44 8 Agents balances representing business written subsequent to Oct 1 1913 20234 26 9 Agents balances representing business written prior to Oct 1 1913 2153 27 12 Other ledger assets viz Deposits Insur ance Assn Providence 100 00 13 Deposits Cincinnati Underwriters Assn 125 00 14 Deposit Milwaukee Board of Underwriters 50 00 15 Deposit Phila Underwriters Assn 200 00 16 Total ledger assets 938089 40 NonLedger Assets 17 Interest accrued on mortgages 41S 38 18 Interest accrued on bonds 8252 36 23 Bents due on companys property or lease 395 00 24 Total 9065 74 26 Market value not including interest in item IS of bonds and stocks over book value 15998 84 30 Gross assets 963153 98ComptrollerGenerals Report 109 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 2153 27 38 Book value of ledger assets over market value viz Insurance Assn Providence deposit 100 00 39 Cincinnati Underwriters Assn deposit 125 00 39 Milwaukee Board of Underwriters Assn 50 00 40 Phila Underwriters Assn 200 00 41 Total admitted assets 960525 71 VLiabilities 1 Gross losses adjusted and unpaid 41058 29 2 Gross claims for losses in process of ad justment or in suspense plus 113936 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 107246 51 3 Gross claims for losses resisted 9006 69 4 Total 157311 49 5 Deduct reinsurance due or accrued 109633 04 6 Net amount of unpaid losses and claims 47678 45 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 42273993 unearned prem iums per recapitulation 204231 78 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 66644 un earned premiums 100 per cent 666 44 10 Total unearned premiums as computed above 204898 22 17 Salaries rents expenses bills accounts fees etc due or accrued 250 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 3750 00 19 Contingent commissions or other charges due or accrued 1250 00 23 All other liabilities viz Interest on borrowed money 390 35 25 Liability on account of reinsurance treaties 37678 64 26 Total amount of all liabilities except capital 295895 66 110 ComptrollerGeneral s Report 27 Capital actually paid up In cash 400000 00 28 Surplus over all liabilities 264630 05 29 Surplus as regards policyholders 664630 05 30 Total liabilities 960525 71 VIBisks and Premiums Fire Bisks Premiums Thereon 1 In force on the 31 day of December as per line 6 under this heading in last years statement 126782293 00 1340769 96 2 Written or renewed during the year 130004355 00 1451851 23 4 Total 256786648 00 2792621 19 5 Deduct those expired and marked off as terminated 93213232 00 1083740 49 6 In force at the end of the year163573416 00 1708880 70 7 Deduct amount reinsured 120714284 00 1286140 77 8 Net amount in force 42859132 00 422739 93 Business in the State of Georgia During the Year 27 Gross risks written 1591859 00 Less 46044400 risks cancelled and 76728200 reinsur ance in companies authorized in Georgia 1227726 00 Net risks written 364133 00 28 Gross premiums on risks written 26260 42 Less 460257 return premiums and 1674874 premiums for reinsurance in companies authorized in Georgia 21351 31 Net premiums received 4909 11 29 Losses paid deducting salvage 9505 15 Less losses on risks reinsured in companies authorized in Georgia 7138 21 Net losses paid 2366 94 30 Losses incurred 19855 17 Less losses on risks reinsured in companies authorized in Georgia 13995 76 Net losses incurred 5859 41ComptrollerGenerals Report 111 EQUITABLE FIRE INSURANCE COMPANY OF SOUTH CAROLINA David Heuguenin President Wm 8 Mazyck SecretaryTreasurer Home Office Equitable Building Cor Broad and Church Streets Charleston S C 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 400335 43 4 Extended at 400335 43 IIIncome 5 Gross premiums 221805 71 6 Deduct Reinsurance premiums fire 45 28406 return premiums fire 4339941 88683 47 7 Total premiums other than perpetual 133122 24 9 Gross interest on mortgage loans 1129 75 10 Gross interest on collateral loans 4313 92 11 Gross interest on bonds and dividends on stocks 10349 44 12 Gross interest on deposits in trust companies and banks 220 81 13 Gross interest from all other sources Sea shore Improvement Co 2126 Charles ton Board of Fire Underwriters 100 Wulbern Fertilizer Co 3650 Bank of Charleston N B A 32500 Clinton S C Agency 180 total 385 58 16 Gross rents from companys property in cluding 72000 for companys occupancy of its own buildings 1495 00 17 Total gross interest and rents 17894 50 19 Increase in cash surrender value of Policy 875009 equit able Life Assurance Society 280 00 28 Total income 151296 74 IIIDisbursements 1 Gross amount paid policyholders for losses including 902014 occurring in previous years 124510 18112 ComptrollerGeneral s Report 2 Deduct amount received for Salvage fire 210605 reinsurance fire 4106560 43171 65 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage including 2224104 on risks of other companies reinsured less 172935 reinsurance commissions 6 Allowances to local agencies for miscellaneous agency ex penses 7 Salaries 195250 and expenses 501901 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 22122 printing and stationery 171982 11 Postage telegrams telephone and express 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 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax 160 80 Municipal licenses and taxes 4383 21 Total 23 Other disbursements 24 Commercial agency 165 00 25 Exchange 256 27 26 Light water and fuel 183 53 27 Petty cash items 168 60 28 Insurance 253 95 32 Total 34 Paid stockholders for interest or dividends amount de clared during the year 1400000 41 Total disbursements IVLedger Assets 1 Book value of real estate 15582 95 2 Mortgage loans on real estate first liens 24800 00 3 Loans secured by pledge of bonds stocks or other collateral 64300 00 81338 53 1694 43 20511 69 936 25 6971 51 12932 59 720 00 1941 04 832 08 271 25 590 60 2 00 134 60 312 38 1563 54 1126 08 4544 01 1027 35 14000 00 151439 93ComptrollerGeneral s Report 113 4 Book value of bonds 23135247 and stocks 1100000 24235247 5 Cash in companys office 5288 00 6 Deposits in trust companies and banks not on interest 7366 79 7 Deposits in trust companies and banks on interest 10547 53 i 8 Agents balances representing business writ ten subsequent to October 1 1913 27297 53 9 Agents balances representing business writ ten prior to October 1 1913 496 61 11 Bills receivable taken for fire risks 425 36 12 Other ledger assets viz Cash surrender value of Policy 875009 Equitable Life Assurance Society 1735 00 16 Total ledger assets 400192 24 NonLedger Assets 17 Interest accrued on mortgages 277 00 18 Interest accrued on bonds 1156 05 20 Interest accrued on other assets Stocks owned 4500 note Seashore Improve ment Co 202 Savings Bank deposits 7425 121 27 23 Rents accrued on companys property or lease 31 25 24 Total 1585 57 25 Market value of real estate over book value 4417 05 30 Gross assets 40619486 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 496 61 38 Book value of ledger assets over market value viz Stocks and bonds 395847 40 Total 4454 08 41 Total admitted assets 401740 78 VLiabilities 2 Gross claims for losses in process of adjust ment or in suspense 1587876 114 ComptrollerGeneral s Report 7104 87 5 Deduct reinsurance due or accrued 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risk 17 iSalaries rents expenses bills accounts fees etc due or accruel 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 19 Contingent commissions or other charges due or accruel 8773 89 116313 58 68 35 2000 00 2450 20 26 Total amount of all liabilities except capital 129606 02 27 Capital actually paid up in cash 200000 00 28 Surplus over all liabilities 72134 76 29 Surplus as regards policyholders 20 Totoal liabilities 272134 76 401740 78 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31st day of December as per line 6 under this heading in last year 8 statement 15394004 49 286682 13 2 Written or renewed during the year 9613930 83 221805 71 4 Total 25007935 32 508488 34 5 Deduct those expired and marked off as terminated 9766038 68 224597 82 6 In force at the end of the year 15241896 64 283890 52 7 Deduct amount reinsured 3363106 38 61593 07 8 Net amount in force 11878790 26 222197 45 Business in the State of Georgia During the Year 27 Gross risks written 2005237 97 Less 37019941 risks cancelled and 46105867 reinsurance in companies authorized in Georgia 831258 08 Net risks written 1173979 89 28 Gross premiums on risks written 35398 18 Less 421839 return premiums and 803871 premious for reinsurance in companies authorized in Georgia 12257 10 Net premiums received 23141 08ComptrollerGenerals Report 115 29 Losses paid deducting salvage 29993 13 Less losses on risks reinsured in companies authorized in Georgia 9024 40 Net losses paid 20968 73 30 Losses incurred 27632 88 Less losses on risks reinsured in companies authorized in Georgia 9518 84 Net losses incurred 18114 04 FIDELITY PHENIX FIRE INSURANCE COMPANY OF NEW YORK Henry Evans President J A Swinnerton Secretary A L Waldo Attorney for Service ICapital Stock 1 Amount of capital stock paid up in cash 2500000 00 2 Amount of ledger assets as per balance December 31 of previous year 15113286 27 4 Extended at 15113286 27 IIIncome 5 Gross premiums 8817676 25 6 Deduct Reinsurance premiums fire 1 20840782 marine and inland 49 50389 return premiums fire 1201 56186 marine and inland 6831313 2527786 70 7 Total premiums other than perpetual 6289889 55 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 472957 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust companies and banks 13 Gross interest from all other sources 16 Gross rents from companys property in cluding 550000 for companys occu pancy of its own buildings 1455 83 504502 21 27245 76 1851 60 33384 22 17 Total gross interest and rents 568439 62116 ComptrollerGenerals Report 19 Commission of per cent in 25000 Southern Pacific Co Co stock syndicate 20 Commission of 2 per cent and profit in Baltimore and Ohio R R Co 4 per cent convertible gold bond syndicate 21 Commission of 2 per cent in syndicate to underwrite sale of certificate of interest in Southern Pacific stock 24 Increase in liabilities during the year on account of reinsur anee treaties 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger as sets viz Bonds 1427 00 Stocks 8094 00 Total 27 Gross increase by adjustment in book value of ledger assets viz Bonds 11037 00 Stocks 304772 00 1562 51 5018 35 25000 00 3978 97 364 24 Total 9521 00 315809 00 28 Total income 7197083 23 IIIDisbursements 1 Gross amount paid policyholders for losses including 48277536 occurring in pre vious years 4125928 04 2 Deduct amount received for Salvage fire 2251057 marine and inland 88498 reinsurance fire 79402984 marine and inland 2730591 844731 30 3 Net amount paid policyholders for losses 3281196 74 4 Expense of adjustment and settlement of losses 103820 64 5 Commissions or brokerage 1309633 11 6 Allowances to loeal agencies for miscellaneous agency ex penses 1192 64 7 Salaries 15785034 and expenses 12780986 of special and general agents 285660 20 8 Salaries fees and all other charges of officers directors trustees and home office employees 411 255 94 9 Rents including 550000 for companys occupancy of its own buildings 64460 71 10 Advertising 2871196 printing and stationery 3960296 68314 92 11 Postage telegrams telephone and express 47239 76 12 Legal expenses 1 273 72 13 Furniture and fixtures 6 205 24 14 Maps including corrections 23 615 58 15 Underwriters boards and tariff associations 77 058 74ComptrollerGenerals Beport 11 16 Fire department fire patrol and salvage corps assessments 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 2569 07 Municipal taxes 14398 83 Total 23 Other disbursements 24 Mercantile agencies i 25 Miscellaneous 26 Exchange 27 Subscription to papers 28 Investment expenses other than real estate 7314 35 821 31 10595 39 1497 08 2601 99 32 Total 34 Paid stockholders for interest or dividends amount declared during the year 25000000 38 Agents balances charged off 39 Gross loss on sale or maturity of ledger as sets viz Bonds 7128 00 Stocks 14440 00 Total 40 Gross decrease by adjustment in book value of ledger assets vi Real estate 279 50 Bonds 79873 00 Stocks 1094080 00 30407 94 13162 99 5131 46 3395 46 119695 95 37635 25 16967 90 22830 12 250000 00 53 16 21568 00 Total 41 Total disbursements 1174232 50 7376008 67 IVLedger Assets 1 Book value of real estate 572500 00 2 Mortgage loans on real estate first liens 23500 00 4 Book value of bonds 254905200 and stocks 881078200 1135983400 5 Cash in companys office 1809 57 7 Deposits in trust companies and banks on interest 1696428 37 8 Agents balances representing business writ ten subsequent to October 1 1913 856109 71118 ComptrollerGenerals Report 9 Agents balances representing business writ ten prior to October 1 1913 5041 24 11 Bills receivable taken for fire risks 411637 94 13 Bills receivable taken for Atlanta Ga real estate sold 7500 00 16 Total ledger assets 14934360 83 NonLedger Assets 17 Interest accrued on mortgages 350 01 20 Interest due 1076623 and accrued 22 00212 on bonds 32768 35 21 Interest accrued on bank deposits 103 21 22 Interest accrued on bills receivable taken for for Atlanta Ga real estate sold 187 50 23 Rents accrued on company a property or lease 330 40 24 Total 33739 47 26 Market value not including interest in item 18 of bonds and stocks over book value 66 520 66 28 Dividend on stocks sold ex dividend prior to Becember 31 1913 100 shares Reading Co 2nd preferred 50 00 30 Gross assets 15034670 96 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 5 041 24 35 Bills receivable pasf due taken for marine inland and fire risks 71 532 01 40 Total 76573 05 41 Total admitted assets 14 958 097 71 VLiabilities 2 Gross claims for losses in process of adjust ment or in suspense plus 4477700 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 467 749 21 3 Gross claims for losses resisted 84885 00 4 Total 552634 21 5 Deduct reinsurance due or accrued 112201 61ComptrollerGenerals Report 119 6 Net amount of unpaid losses and claims 440432 60 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 1336817878 unearned premiums per recapitulation 7095623 21 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 130 64843 unearned premiums fifty per cent 65324 22 10 Total unearned premiums as computed above 7160947 43 16 Dividends declared and unpaid to stockholders 125000 00 17 Salaries rents expenses bills accounts fees etc due or accrued 25000 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 142000 00 19 Contingent commissions or other charges due or accrued 30 657 24 20 Funds held under reinsurance treaties Eeserve 397892 interest 2455 total 4003 52 24 Reserve for contested liabilities not losses 250000 00 25 Reserve for contingencies 100000 00 26 Total amount of all liabilities except capital 8278040 79 27 Capital actually paid up in cash 2500000 00 28 Surplus over all liabilities 4180056 92 29 Surplus as regards policyholders 6680056 92 30 Total liabilities 14958087 71 VIRisks and Premiums Fire Marine and Inland 1 In force on the 31 day of December as per line 6 under this heading in last years statement 1318254395 14452874 83 2 Written or renewed during the year 820648438 8817076 25 4 Total 2138902833 23270551 08 5 Deduct those expired and marked off as terminated 720097737 S067157 82 6 In force at the end of the year 1418805096 15203393 26 7 Deduct amount reinsured 151601079 1704566 05 8 Net amount in force 1267204017 13498827 21120 ComptrollerGenerals Report Business in the State of Georgia During the Year Fire 27 Gross risks written 8565323 00 Less 1820721 risks cancelled and 69016 reinsurance in companies authorized in Georgia 1889737 00 Net risks written 6675586 00 28 Gross premiums on risks written 112 744 52 Less 1424600 return premiums and 30279 premiums for reinsurance in companies authorized in Georgia 14548 S8 Net premiums reecived 98195 64 29 Losses paid deducting salvage 52933 01 Less losses on risks reinsured in companies authorized in Georgia 22 74 Net losses paid 52 919 7 30 Losses incurred 53 561 89 Less losses on risks reinsured in companies authorized in Georgia 28 94 Net losses incurred 53532 93 FIRE ASSOCIATION OF PHILADELPHIA E C Irvin President M G Garrigues Secretary W E Chapin Atlanta Attorney for Service ICapital Stock 1 Amount of capital stock paid up in cash 750000 00 2 Amount of ledger assets as per balance December 31 of previous year 9015027 54 4 Extended at 9015027 54 IIIncome 5 Gross premiums 6048585 98 6 Deduct Reinsurance premiums fire 1 00825615 return premiums fire 782 20085 total 1790457 00 7 Total premiums other than perpetual 4 258128 98ComptrollerGeneeals Repoet 121 8 Deposit premiums written on perpetual risks gross 21493 83 9 Gross interest on mortgage loans less 1 93013 accrued interest on bonds ac quired during 1913 115924 12 10 Gross interest on collateral loans 6341 40 11 Gross interest on bonds and dividends on i stocks less 234609 accrued interest on bonds acquired during 1913 241562 24 12 Gross interest on deposits in trust companies and banks 5171 55 13 Gross interest from all other sources 14 Interest on agents balances 63 33 15 Interest on deposits with underwriters asso ciations 22 02 16 Gross rents from companys property in cludng 15000 for companys occupancy of its own buildings 33077 15 17 Total gross nterest and rents 402161 81 18 From other sources 19 Earned deposits 5086 93 25 From agents balances previously charged off 360 58 26 Gross profit on sale or maturity of ledger assets Bonds 3293 2 Stocks 15 27 Total 3308 49 28 Total ineome 4690540 62 i IIIDisbursements 1 Gross amount paid policyhoklers for losses including 33135104 occurring in pre vious years 2682930 9 2 Deduct amount received for Salvage fire 1846696 reinsurance fire 39730939 discount fire 138262 total 417158 97 3 Net amount paid policyhoklers for losses 2265771 32 4 Expenses of adjustment and settlement of losses 42019 84 5 Commissions or brokerage 828922 47 6 Allowances to local agencies for miscellaneous agency ex penses V175 7 Salaries 17844359 and expenses 12074161 of special and general agents 299185 20 8 Salaries fees and all other charges of officers directors trustees and home office employees 186392 39122 ComptrollerGenerals Report 9 Rents including 15000 for companys occupancy of its own buildinSs 28339 11 10 Advertising 550065 printing and stationery 3053845 36039 10 11 Postage telegrams telephone and express 28 736 03 12 Legal expenses 2 343 03 13 Furniture and fixtures 7 aqq 0o 14 Maps including corrections jg 249 50 15 Underwriters boards and tariff associations 48729 89 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses j7 iqq g 17 Inspections and surveys 28 656 41 18 Repairs and expenses other than taxes on real estate s231 04 19 Taxes on real estate o qi q 20 State taxes on premiums 92 500 35 21 Insurance department licenses and fees 24 658 37 22 All other licenses fees and taxes Federal corporation tax 5 044 81 State tax on capital jg 332 go Municipal license tax 13 gQ 53 Total 34088 24 23 Other disbursements Profit and loss bond and mortgage 500 00 33 Deposit premiums returned 5g 2gi 68 34 Paid stockholders for interest or dividends amount declared during the year 300000 300000 00 38 Agents balances charged off 4g9 57 39 Gioss loss on sale or maturity of ledger as sets viz Real estate j 375 90 Bonds 4137 50 J0tal 551340 40 Gross decrease by adjustment in book value of ledger as sets viz Real estate 83 081 CQ 41 Total disbursements 4459975 40 IVLedger Assets 1 Book value of real estate 737 jgo 7 2 Mortgage loans on real estate first liens 2014176 66 3 Loans secured by pledge of bonds stocks or other collateral 39 527 1 4 Book value of bonds 487597532 and stocks 31531347 5 19 288 79 5 Cash in company s office 21 806 8 6 Deposits in trust companies and banks not on interest 83512 72ComptrollerGenerals Report 123 7 Deposits in trust companies and banks on interest 394285 74 8 Agents balances representing business writ ten subsequent to October 1 1913 659179 95 9 Agents balances representing business writ ten prior to October 1 1913 4652 83 16 Total ledger assets 9245592 76 NonLedger Assets 17 Interest due 527532 and accrued 28 84688 on mortgages 34122 20 20 Interest accrued on bonds 72632 67 19 Interest accrued on collateral loans 1299 98 18 Interest accrued 106639 on other assets 1066 39 23 Rents due 166382 and accrued 5263 on companys property or lease 1716 45 24 Total 110837 69 30 Gross assets 9356430 45 Deduct Assets Not Admitted 31 Company s stock owned 10075 00 34 Agents balances representing business writ ten prior to October 1 1913 4652 83 39 Stocks and bonds 164981 79 40 Real estate 21912 67 41 Total admitted assets 9154808 16 VLiabilities 1 Gross losses adjusted and unpaid 103801 09 2 Gross claims for losses in process of adjust ment or in suspense plus 25000 reserve for losses incurred prior to December 31 of which no notice had been received on that date 286633 94 3 Gross claims for losses resisted 55111 60 4 Total 445546 63 5 Deduct reinsurance due or accrued 90720 43 6 Net amount of unpaid losses and claims 354826 20124 CoMPTBOLLEBGrENEBALs BEPOBT 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 750274271 unearned pre miums per recapitulation 3 905 141 60 11 Amount reclaimable by the insured on perpetual fire insur ance policies being 90 and 95 per cent of the premium or deposit received 1 540 295 71 17 Salaries rents expenses bills accounts fees etc due or accrued 567 81 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 40000 00 26 Total amount of all liabilities except capital 5845 943 32 27 Capital actually paid up in cash 750000 00 28 Surplus over all liabilities 2558864 84 29 Surplus as regards policyholders 3 308 864 84 30 Total liabilities 9154808 16 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 762645013 8041281 08 2 Written or renewed during the year 540078643 6048585 98 4 Total 1302723656 14089867 06 5 Deduct those expired and marked off as terminated 506166198 5815069 23 6 In force at the end of the year 796557458 8274797 83 7 Deduct amount reinsured 75078715 772055 12 8 Net amount in force 721478743 7502742 71 9 Perpetual Risks not included above 74376313 Deposit premiums on same 168612631 Business in the State of Georgia During the Year 27 Gross risks written 8835579 00 Less 2203748 risks cancelled and 809241 reinsurance in companies authorized in Georgia 3 012 989 00 Net risks written 5822590 00 28 Gross premiums on risks written 131 Qgg 70ComptrollerGeneral s Report 125 Less 2633788 return premiums and 1362229 premiums j for reinsurance in companies authorized in Georgia 39960 17 Net premiums received 91120 61 29 Losses paid deducting salvage 62152 87 Less losses on risks reinsured in companies authorized in Georgia 10706 90 Net losses paid 51445 97 30 Losses incurred 64903 27 Less losses on risks reinsured in companies authorized in Georgia 11850 76 Net losses incurred 53052 51 FIREMANS FUND INSURANCE COMPANY William J Dutton President Louis Weinmann Secretary ICapital Stock 1 Amount of capital stock paid up in cash 1500000 00 2 Amount of ledger assets as per balance December 31 of previous year 9266109 13 4 Extended at 9266109 13 IIIncome 5 Gross premiums 12340439 49 6 Deduct Reinsurance premiums fire 1 23495980 marine and inland 450 52348 return premiums fire 1643 01604 marine and inland 1548 99366 total 4877492 98 7 Total premiums other than perpetual 7462946 51 9 Gross interest on mortgage loans less 4 13442 accrued interest on bonds acquired during 1913 73222 65 10 Gross interest on collateral loans 21488 16 11 Gross interest on bonds and dividends on stocks less 30819 accrued interest on bonds acquired during 1913 266606 63126 ComptrollerGenerals Beport 12 Gross interest on deposits in trust compa nies and banks 14 Fire preminum notes 16 Gross rents from companys property in cluding 1470000 for companys occu pancy of its own buildings 9447 12 1148 96 18489 25 17 Total gross interest and rents 24 Increase in liabilities during the year on account of reinsur ance treaties provided for in reinsurance reserve 26 Gross profit on sale or maturity of ledger assets viz Bonds Stocks 28 Total income 390403 27 2192 11 3595 00 3675 00 7862811 89 IIIDisbursement 5777762 04 1846198 77 1 Gross amount paid policyholders for losses including 69193317 occuring in pre vious years 2 Deduct amount received for Salvage fire 2186371 marine and inland 15334116 reinsurance fire 64656357 marine and inland 102294197 discount fire 1 48836 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 ex penses 7 Salaries 29814071 and expenses 13225949 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents including 1470000 for company s occupancy of its own buildings 10 Advertising 4990168 printing and stationery 6311116 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 assessments fees taxes and expenses 17 Inspection and surveys 18 Repairs and expenses other than taxes on real estate 19 Taxes on real estate 20 State taxes on premiums 3931563 27 73573 30 1595588 43 33677 49 430500 20 249227 73 40272 01 113012 84 43030 17 8138 45 5798 55 12921 60 66677 37 12472 82 16662 66 6865 65 6267 83 122286 52ComptrollerGenerals Report 127 21 Insurance department licenses and fees 29243 85 22 All other licenses fees and taxes Federal corporation tax 6712 89 Franchise and municipal taxes 5834 39 Personal property tax 215 99 24 Charities and donations 1601 90 34 Paid stockholders for interest or dividends amount declared during the year 24000000 240000 00 38 Agents balances charged off 10594 07 39 Gross loss on sale or maturity of ledger assets viz Bonds 8948 50 41 Total disbursements 7071688 48 IVLedger Assets 1 Book value of real estate 473442 39 2 Mortgage loans on real estate first liens 1512900 00 3 Loans secured by pledge of bonds stocks and other collateral 397450 00 4 Book value of bonds 484835367 and stocks 69844600 5546799 67 5 Cash in companys offices 13133 80 6 Deposits in trust companies and banks not on interest 107280 21 7 Deposits in trust companies and banks on interest 627657 47 8 Agents balances representing business writ ten subsequent to October 1 1913 1179454 00 9 Agents balances representing business writ ten prior to October 1 1913 44126 51 10 Bills receivable taken for marine and inland risks 10349 35 11 Bills receivable taken for fire risks 144639 14 16 Total ledger assets 10057232 54 NonLedger Assets 17 Interest due 211400 and accrued 8 93391 on mortgages 11047 91 20 Interest accrued on bonds 81092 11 19 Interest accrued on collateral loans 837 14 24 Total 92977 16 30 Gross assets 10150209 70128 ComptrollerGenerals Report Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 44126 51 35 Bills receivable past due taken for marine inland and fire risks 9 922 83 39 Bonds and stocks 228 846 13 40 Real estate 2 442 39 41 Total admitted assets 9 864 871 34 VLiabilities 1 Gross losses adjusted and unpaid 64377 94 2 Gross claims for losses in process of adjust ment or in suspense plus 4240689 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 864 254 86 3 Gross claims for losses resisted 82 231 98 4 Total 1010864 78 5 Deduct reinsurance due or accrued 368 253 14 6 Net amount of unpaid losses and claims 642 611 64 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 850532844 unearned premiums per recapitulation 4 408 594 97 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired time and automobile risks 134474383 unearned premiums 50 per cent 672381 91 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 3754802 unearned premiums 100 per cent 37548 02 10 Total unearned premiums as computed above 5118 514 90 17 Salaries rents expenses bills accounts fees etc due or ac crued 2500 00 18 Estimated amount hereaftetr payable for federal state and oilier taxes based upon the business of the year of this statement 0 125000 06 19 Contingent commission or other charges due or accrued 165 000 00 23 All other liabilities viz Earned quarterly dividend to De cember 31 1913 declared January 19 1914 60 000 00 ComptrollerGenerals Report 129 26 27 28 Total amount of all liabilities except capital 6113626 54 Capital actually paid up in cash 1500000 00 Surplus over all liabilities 2251245 30 29 Surplus as regards policyholders 3751245 30 30 Total liabilities 9864871 84 VIRisks and Premiums In force on the 31 day of December as per line 6 under this heading in last years statement 9290296 94 Written or renewed during the year 12340439 49 Excess of original premiums over amount received for rein surance 1414653 42 Total 23045389 85 Deduct those expired and marked off as terminated 11032230 52 In force at the end of the year 12013159 33 Deduct amount reinsured 125539 04 27 28 29 30 Net amount in force 9887620 29 Business in the State of Georgia During the Year Gross risks written 8602118 00 Less 182993700 risks cancelled and 116740900 reinsur ance in companies authorized in Georgia 2977346 00 Net risks written 5604772 00 Gross premiums on risks written 149379 41 Less 2664331 return premiums and 1952692 premiums for reinsurance in companies authoried in Georgia 46170 23 Net premiums received 103209 18 Losses paid deducting salvage 58425 04 Less losses on risks reinsured in companies authorized in Georgia 6553 73 Net losses paid 51871 31 Losses incurred 60726 91 Less losses on risks reinsured in companies authorized in Georgia 6004 05 Net losses incurred 54722 86130 ComptbollebGenebals Repobt FIREMENS FIRE INSURANCE COMPANY OF NEWARK N J Daniel H Dunham President A H Hassinger Secretary J L Riley Co Attorneys for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 1000000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 5921255 40 4 Extended at 5921255 40 IIIncome 5 Gross premiums 3981829 83 6 Deduct reinsurance premiums fire 583 29531 marine and inland 74756641 7 Total premiums other than perpetual 2650 968 05 9 Gross interest on mortgage loans 130 687 83 11 Gross interest on bonds and dividends on stocks less 83190 accrued interest on bonds ecquired during 1913 124 476 86 12 Grors interest on deposits in trust com panies and banks gj 7j 16 Gross rents from companys property in cluding 1200000 for companys occu pancy of its own buildings 9730777 17 Total gross interest and rents 18 From other sources Loan 20 Sold rights to subscribe to Amer Tel Tel Co stock 21 Deficiency Judgment Witzel 27 Gross increase by adjustment in book value of ledger assets viz Bonds 353148 1 140000 00 640 63 75 00 2801 98 28 Total income 3 147 633 85 IIIDisbursements 1 dross amount paid policyholdera for losses including 25236424 occurring in pre vious years 1635908 76ComptrollerGenerals Report 131 2 Deduct amount received for salvage fire 643566 reinsurance fire 19333818 total 199773 84 3 Net amount paid policyholders for losses 1436134 92 5 Commissions or brokerage 661654 92 6 Allowances to local agencies for miscellaneous agency expenses 7138 26 7 Salaries 4455000 and expenses 2239873 of special and general agents 66948 73 8 Salaries fees and all other charges of officers directors trustees and home office employees 121708 70 9 Bents including 12000 for campanys occupancy of its own buildings 20583 44 10 Advertising 312172 printing and stationery 1547950 18601 22 11 Postage telegrams telephone and express 18537 27 12 Legal expenses 1510 95 13 Furniture and fixtures 2991 55 14 Maps including corrections 9003 01 15 Underwriters boards and tariff assiciations 34515 45 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 22249 92 17 Inspections and surveys 2878 51 18 Repairs and expenses other than taxes on real estate 34093 24 19 Taxes on real estate 21987 80 20 State taxes on premiums 51870 07 21 Insurance department licenses and fees 18015 01 22 All other licenses fees and taxes Federal corporation tax 102079 local taxes on investments 153949 personal city tax 99090 total 3551 18 23 Other disbursements Auditors fees 1212 65 25 Loan repaid 140000 00 26 Interest on loan 983 34 34 Paid stockholders for interest or dividends amount de clared during the year 240000 00 37 Decrease in liabilities during the year on account of re insurance treaties 482 84 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 660 00 41 Total disbursements 2974148 94 IVLedger Assets 1 Book value of real estate 1073668 28 2 Mortgage loans on real estate 2577900 00 4 Book value of bonds 116964666 and stocks 68965000 total 1799296 66132 ComptrollerGenerals Eeport 5 Cash in companys office 15385 45 7 Deposits in trust companies and banks on interest 135375 72 8 Agents balances representing business written subsequent to October 1 1913 429900 19 9 Agents balances representing business written prior to Oct 1 1913 3214 01 16 Total ledger assets 6094740 31 NonLedger Assets 17 Interest due 222500 and accrued 34 36371 on mortgages 36588 71 20 Intrest accrued on bonds 15257 03 23 Eents due on companys property or lease 886 42 24 Total 52732 16 26 Market value not including interest in item 18 of bonds and stocks over book value 694951 53 30 Gross assets 6842424 00 Deduct Assets Not Admitted 34 Agents representing business written prior to Oct 1 1913 3214 01 40 Total 3214 01 41 Total admitted assets 6839209 99 VLiabilities 1 Gross losses adjusted and unpaid 86424 88 2 Gross claims for losses in process of adjust justment or in suspense plus 1147201 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 175140 91 3 Gross claims for losses resisted 23754 30 4 Total 285320 09 5 Deduct reinsurance due or accrued 49167 06 6 Not amount of unpaid losses and claims 236153 03 7 Gross premiums less reinsurance receivComptrollerGeneral s Report 133 ed and receivable upon all unexpired fire risks 551224444 unearned prem iums per recapitulation 2845185 81 10 14 17 18 19 26 27 28 Total unearned premiums as computed above 2845185 81 Principal unpaid on scrip or certificate of profits author ized or ordered to be redeemed 2332 84 Salaries rents expenses bills accounts fees etc due or accrued 1500 nn Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 25500 00 Contingent commissions or other charges due or accrued 8500 00 Total amount of all liabilities except capital 3119171 68 Capital actually paid up in cash 1000000 00 Surplus over all liabilities 2720038 31 29 Surplus as regards policyholders 30 Total liabilities 6839209 99 VIEisks and Premiums Fire Eisks Premiums Thereon 1 In force on the 31 day of Dec as per line 6 under this heading in last years statement 57996 27 00 6023098 55 2 Written or renewed during the year 2652972 32 3981829 83 3 Excess of original premiums over amount received for reinsurance 3370 48 4 Total845257659 10038635 86 5 Deduct those expired and marked off as terminated 224054419 00 367 1529 51 6 In force at the end of the year 621203210 00 6364106 35 7 Deduct amount reinsured 13235709 hi 851861 91 8 Net amount in force 547967531 00 55122 I I 1 Business in the State of Georgia During the Year 27 Gross risks written 2378231 no Less risks cancelled 482630 00 Net risks written 1895600 on134 ComptrollerGenerals Report 28 Gross premiums on risks written Less return premiums Net premiums received 29 Losses paid deducting salvage 30 Losses incurred 32886 78 4843 74 28043 04 5335 80 5599 75 FIEST NATIONAL FIRE INSURANCE COMPANY OF THE UNITED STATES OF WASHINGTON D C Robert J Wynne President g J Johnson gecretary ICapital Stock 1 Amount of capital stock paid up in cash 791955 00 2 Amount of ledger assets as per balance December 31 of previous year 960335 52 3 Increase of paidup capital during the year 471280 00 4 Extended at 1431615 52 IIIncome 561722 47 5 Gross premiums 6 Deduct Reinsurance premiums fire 42 68697 return premiums fire 11405750 156744 17 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 9302 48 11 Gross interest on bonds and dividends on stocks 12 Gross interest on deposits in trust companies and banks 13 Gross interest from all other sources 16 Gross rents from companys property in cluding 334086 for companys occu pancy of its own buildings 15600 97 3206 28 325 26 71101 99 17 Total gross interest and rents 18 From other sources 19 Contributed surplus sale of stock 373695 50 20 Part paid capital 51012 50 21 Commission on loans 22 50 22 From assets go Bldg Corp 470 99 404978 00 99536 98 Total 425201 49ComptrollerGenerals Report 135 25 From agents balances previously charged off 1721 15 26 Gross profit on sale or maturity of ledger assets viz Bonds 942 75 28 Total income 923381 37 IIIDisbursements 1 Gross amount paid policyholders for losses including 16250 occurring in previous years 160698 00 2 Deduct amount received for Reinsurance fire 984106 discount fire 331 total 9844 37 3 Net amount paid policyholders for losses 150853 63 4 Expenses of adjustment and settlement of losses 3098 35 5 Commissions or brokerage 136667 74 6 Allowances to local agencies for miscellaneous agency ex penses 1560 88 7 Salaries and expenses of special and general agents 9304 47 8 Salaries fees and all other charges of officers directors trustees and home office employeese 47150 38 9 Rents including 334086 for companys occupancy of its own buildings 4285 86 10 Advertising 559113 printing and stationery 747260 13063 77 11 Postage telegrams telephone and express 2945 83 12 Legal expenses 5978 59 13 Furniture and fixtures 4780 90 14 Maps including corrections 2383 30 15 Underwriters boards and tariff associations 450 91 16 Fire department fire patrol ami salvage corps assessments fees taxes and expenses 431 04 17 Inspections and surveys 120 08 18 Repairs and expenses other than taxes on real estate in cludes 35000 interest 52538 72 19 Taxes on real estate 6502 26 20 State taxes on premiums 502 59 21 Insurance department licenses and fees 6531 25 22 All other licenses fees and taxes Home office expenses 3283 26 City and county taxes and fees 795 79 Newspapers and notary and recording 818 80 Traveling 2564 02 Total 7461 87 23 Other disbursements 24 investigation expenses 34231 70 25 Richmond realty 2500 00 26 ThompsonStarrett Contracting Co 3750 00136 ComptrollerGenerals Report 27 Commission on stock sales 27624 25 28 Discounts 848 35 29 Expenses 22246 68 30 Salaries 8081 31 31 Minority stockholders So Bldg 2t0 00 32 Organization expenses 2500 00 Total 101982 29 34 Paid stockholders for interest transferred from partpaid to fullpaid capital 167612 50 41 Total disbursements 726207 21 NonLedger Assets 1 Hook value 350000 00 2 Mortgage loans on real estate 234350 00 3 Loans secured by pledge of bonds 0103 00 4 Book value of bonds and stocks 856482 50 5 ash in companys office 50 00 7 Deposits in trust companies and banks on interest 112468 69 8 Agents balances representing business writ ten subsequent to October 1 1913 56949 23 9 Agents balances representing business written prior to October 1 1913 17178 40 12 Other ledger assets viz Checks in suspense 225 00 13 Deposits with board of underwriters 100 00 14 Cash in bands of industrial department 439 40 15 ash in hands of rental agent 3443 46 11 Total ledger assets 1637789 68 NonLedger Assets 17 Interest due 40000 and accrued 406990 on mortgages 4469 90 20 Interest due on bonds 12767 50 19 1 Qterest due on collateral loans 152 55 23 Rents due on companys property or lease 4171 49 24 Total 21561 44 28 Notes for rents 167 13 29 Due from Commercial Five account joint expenses 1819 50 Total 1986 63 30 Gross assets 1661337 75ComptrollerGenerals Report 13 Deduct Assets Not Admitted 17178 40 34 Agents balances representing business writ ten prior to October 1 1913 38 Book value of ledger assets over market value viz hecks 39 Bonds 40 Rents and notes for rents 225 00 12432 50 521 99 Total 41 Total admitted assets VLiabilities 1 Gross losses adjusted and unpaid 2 Gross claims for losses in process of adjust ment or in suspense 3987 21 36941 21 4 Total 5 Deduct reinsurance due or accrued 40928 42 2647 90 6 Net amount of unpaid losses and cliams 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks per recapitulation 15 Interest due or accrued 17 Salaries rents expenses bills accounts fees etc due or accrued 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 19 Contingent commissions or other charges due or accrued 24 Taxes due and accrued So Bldg 25 Expenses 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash includes 5101250 part paid 28 Surplus over all liabilities 842967 50 548582 78 30357 89 1630979 86 38280 52 181972 09 4729 10 75 00 9000 00 694 93 3251 16 751 78 239429 58 29 Surplus as regards policyholders 1391550 28 30 Total liabilities 1630979 86 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 528892 7258 88138 ComptrollerGeneral s Report Written or renewed during the year Excess or original premiums over amount received for reinsurance 55927875 Total 5645i767 Deduct those expired and marked off as terminated 30962672 In force at the end of the year 25494095 Deduct amount reinsured 2332201 561722 47 91934 20 660915 55 302392 12 35852343 34384 59 27 28 Net amount in force 23161894 324138 84 Business in the State of Georgia During the Year Gross risks written 3631500 00 Less 475700 risks cancelled and 409700 reoinsurance in companies authorized in Georgia 885400 00 Net rissk written 2746100 00 Gross premiums on risks written 51204 18 Less 670785 return premiums and 577656 premiums for reinsurance in companies authoried in Georgia 12484 41 Net premiums received 387 9 77 Losses paid deducting salvage 15821 40 Less losses on risks reinsured in companies authoried in Georgia 5S8 74 30 Net losses paid 15232 69 Losses incurred 16819 07 Less losses on risks reinsured in companies authoried in Georgia 5S8 72 Net losses incurred 16230 33 FITCHBURG FIRE INSURANCE COMPANY Lincoln R Welch President Chester A Clegg Secretary W A Wright Attorney for Service IGuaranty Capital 2 Amount of ledger assets as per balance December 31 of previous year 266006 66 ComptrollerGeneral s Report 139 IIIncome 5 Gross premiums 238202 98 6 Deduct Reinsurance premiums 1087918 return premiums 1909500 total 2997418 7 Total premiums 208228 80 8 Gross interest on mortgage loans 327 34 10 Gross interest on bonds and dividends on stocks less 4685 accrued interest on bonds acquired during 1913 8018 25 11 Gross interest on deposits in trust companies and banks 405 87 15 Gross rents from companys property in cluding 1525 for companys occupancy of its own buildings 5797 59 16 Total gross interest and rents 14549 05 18 Dividend Minnesota Thresher Mfg Co 306 45 23 From agents balances previously charged off 24 50 28 Gross increase by adjustment in book value of ledger as sets viz Bonds 25 00 29 Total income 223133 80 IIIDisbursements 1 Gross amount paid polieyholders for losses including 795057 occurring in previous years 100186 52 2 Deduct amount received for Salvage 96387 reinsurance 522847 discount 7281 total 6265 15 3 Net amount paid polieyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage including 1087918 on risks of other companies reinsured less 170038 reinsurance commissions 6 Allowances to local agencies for miscellaneous agency ex penses 7 Salaries 2267 and expenses 199334 of special agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents including 1525 for companys occupancy of its own buildings 10 Advertising 122321 printing and stationery 198636 11 Postage telegrams telephone and express 93921 37 1234 22 20058 79 137 06 4260 34 15121 80 1525 00 3209 57 2042 46 140 ComptrollerGenerals Report L2 Legal expenses 13 Furniture and fixtures 14 Maps including corrections L5 Underwriters boards and tariff associations Hi Fire department lire patrol and salvage corps assessments fees taxes and expenses 17 Inspections and surveys 15 Repairs and expenses other than taxes on real estate 19 Taxes on real estate 20 State taxes on premiums 21 Insurance department lilicenses and fees 22 All oilier licenses fees and taxes Federal corporation 94 58 Municipal 2 94 Total 23 Other disbursements 24 Magazines and papers 68 00 25 Bond insurance 19 24 20 Safe di posit box 01 27 Care of office 470 57 Total 31 Dividends to policyliolders 5119440 less dividends re ceived from reinsuring companies 213426 34 Agents balances charged off 35 dross loss on sale or matufity id ledger assets viz Real estate 37 Total disbursements IVLedger Assets 1 Book value of real estate 59000 00 2 Mortgage loans on real estate first liens 5075 10 4 Book value of bonds 10860685 and stocks 0013274 174739 59 5 ash in company s office 603 34 7 Deposits in trust companies ami banks on interest 10238 22 8 Agents balances representing business writ ten subsequent to October 1 1913 19985 41 15 Total ledger assets NonLedger Assets 10 Interest accrued on mortgages 95 40 17 I ntcivst in iiucd on bonds 1374 03 499 95 857 81 790 11 597 41 127 04 9726 7 2834 11 941 51 2484 92 1591 29 97 52 771 81 49060 1 18 00 1000 00 212898 90 276241 56ComptrollerGenerals Report 141 22 Rents accrued on company a property or lease 94 50 23 Total 1563 93 29 Gross assets 297805 49 Deduct Assets Not Admitted 36 Book value of ledger assets over market value 7784 59 39 Admitted assets 270020 90 VLiabilities 2 Gross claims for losses in process of adjust ment or in suspense plus 803037 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 8030 37 3 Gross claims for losses resisted 1085 62 i Total 9115 99 5 Deduct reinsurance due or accrued in com panies authorized in Georgia 100 61 6 Net amount of unpaid losses and claims 9015 38 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 37558963 unearned pre miums per recapitulation 18405 64 9 Dividends declared and unpaid to policyholders including all unpaid dividends on terminated policies whether re newed or not 3063 04 10 Salaries rents expenses bills accounts fees etc due or accrued 9 5 11 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 1870 7 33 Total amount of all liabilities 198423 65 34 Surplus 71597 25 35 Total liabilities and surplus 270020 90 VIRisks and Premiums 1 In force on the 31 day of December as per line 5 under this heading in last years statement 26919154 00 2 Written or renewed during the year 16729442 00142 ComptrollerGenerals Report 4 Total 43648596 00 5 Deduct those expired and marked off as terminated 14674415 00 6 In force at the end of the year 28974181 00 7 Deduct reinsurance permitted by laws of this State 1439680 00 8 Net amount in force 27534501 00 Business in the State of Georgia During the Year 21 Gross risks written 199 600 00 Less risks carried 33 150 00 Net risks written 166450 00 22 Gross premiums on risks written 3 754 53 Net premiums received 3 249 98 23 Losses paid deducting salvage 1374 36 24 Losses incurred 1 374 36 FRANKLIN FIEE INSURANCE COMPANY OF PHILADELPHIA PENNSYLVANIA George Pales Baker VicePresident Edgar P Luce Secretary Home Office 421 Walnut Street Philadelphia Pa 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 3360345 30 4 Extended at 3360345 30 IIIncome 5 Gross premiums 1972799 34 6 Deduct Reinsurance premiums fire 229 86806 return premiums fire 33913985 569 007 91 7 Total premiums other than perpetual 403 791 43 8 Deposit premiums written on perpetual risks gross 8 488 22 9 Gross interest on mortgage loans 2 060 56 10 Gross interest on collateral loans 546 67 11 iross interest on lionIs ami dividends on stocks less 112398 accrued interest on lionds acquired during 1913 114710 23ComptrollerGenerals Report 143 12 Gross interest on deposits in trust companies and banks 1634 68 16 Gross rents from companys property in cluding 600000 for companys occu pany of its own buildings 7840 00 17 Total gross interest and rents 126792 14 18 Prom other sources 19 Transfer fees 639 50 26 Gross profit on sale or maturity of ledger assets viz Bonds 2482 63 28 Total income 1542193 92 IIIDisbursements 1 Gross amount paid policyholders for losses including 1283221 occurring in pervious years 1005602 88 2 Deduct amount received for Salvage fire 295939 reinsurance fire 15217249 155131 87 3 Net amount paid policyholders for losses 4 Expense of adjustment and settlement of losses 5 Commissions or brokerage less 4401294 reinsurance com missions 6 Allowances to local agencies for miscellaneous agency ex penses 7 Salaries 365500 and expenses 3761859 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents including 600000 for companys occupancy of its own buildings 10 Advertising 674169 printing and stationery 656844 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 assessments feees 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 Capital stock tax 23 Other disbursements 850471 01 18061 55 298792 84 5096 63 91273 59 64604 28 8670 42 13310 13 10327 7 161 96 783 14 7271 58 20000 77 3481 0 6449 66 3868 18 1973 50 31165 51 15979 39 3035 94 144 ComptrollerGeneral s Keport 24 Incidental expenses 11383 32 25 Reinsurance deposit account 72 00 32 Tital 11455 32 33 Deposit premiums returned 29695 20 34 Paid stockholders for interest or dividends amount de clared during the year 60000 59989 50 38 Agents balances charged off 315 72 39 Gross loss on sale or maturity of ledger assets viz Bonds 1627 37 40 Gross decrease by adjustment in book value of ledger as sets viz Bonds 23890 64 41 Total disbursements 1581752 71 IVLedger Assets 1 Book value of real estate 146444 53 2 Mortgage loans on real estate first liens 29185 00 4 Book value of bonds 267197392 and stocks 59734 2731707 92 5 Cash in companys office 404 99 7 Deposits in trust companies and banks on interest 97488 88 8 Agents balances representing business writ ten subsequent to October X 1913 305272 40 9 Agents balances representing business writ ten prior to October 1 1913 10282 79 16 Total ledger assets 3320786 51 NonLedger Assets 17 Tnterest accrued on mortgages 437 77 18 Interest accrued on bonds 35832 02 24 Total 36269 79 30 Gross assets 3357056 30 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 10 282 79 38 Brook value of ledger assets over market value viz 39 Real estate 8944 53 40 Stocks and bonds 92 092 92 Total 111320 24 41 Total admitted assets 3 345 736 06ComptrollerGenerals Report 145 VLiabilities 1 Gross losses adjusted and unpaid 22985 60 2 Gross claims for losses in process of adjust ment or in suspense plus 823915 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 132835 57 3 Gross claims for losses resisted 13445 22 4 Total 169266 39 5 Deduct reinsurance due or accrued 26436 47 6 Net amount of unpaid losses and claims 142829 92 7 Gross premium less reinsurance received and receivable upon all unexpired fire risks 254180445 unearned pre miums per recapitulation 1307108 18 11 Amount reclaimable by the insured on perpetual fire insur ance policies being 95 per cent 18931704 90 per cent 47882813 of the premium received or deposit received 668145 17 16 Dividends declared and unpaid to stockholders 16 50 17 Salaries rents expenses bills accounts fees etc due or accrued 2111 68 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 14970 71 19 Contingent commissions or other charges due or accrued 30423 20 21 Reinsurance and return premiums due other companies 31158 02 26 Total amount of all liabilities except capital 2196763 38 27 Capital actually paid up in cash 500000 00 28 Surplus over all liabilities 548972 68 30 Total liabilities 3245736 06 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31st day of December as per line 6 under this heading in last years statement 245554048 2668731 87 2 Written or renewed during the year per Income No 5 193626805 1972799 34 4 Total 439180853 4641531 21 5 Deduct those expired and marked off as terminated 151781723 1819424 85 6 In force at the end of the year 287399130 2822106 36 7 Deduct amount reinsured 24293855 280301 91 8 Net amount in force 263105275 2541804 45 9 Perpetual risks in force not included above 3376359800 Deposit premiums on same 73131236146 ComptrollerGenerals Report Business in the State of Georgia During the Year 27 Gross risks written 1501170 65 Less 390998 risks cancelled and 10254866 reinsurance in companies authorized in Georgia 493 546 66 Net risks written 1007623 99 28 Gross premiums on risks writtten 25 902 30 Less 528084 returne premiums and 200764 premiums for reinsurance in companies authorized in Georgia 7288 48 Net premiums received 18 313 82 29 Losses paid deducting salvage 7374 30 Less losses on risks reinsured in companies authorized in Georgia 18 46 Net losses paid 7355 84 30 Losses incurred 7 985 41 Net losses incurred 7 985 41 THE GEORGIA FIRE INSURANCE COMPANY OF POLK COUNTY GA Win 3 Harris President C M Ramspeck Secretary ICapital Stock 1 Amount of capital stock paid up in cash 100000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 307842 46 3 Decrease of paidup surplus during the year 60 00 4 Extended at 307782 46 IIIncome 5 Gross premiums 285226 79 6 Deduct reinsurance premiums fire 87 73037 return premiums fire 47 64074 total 135371 11 7 Total premiums other than perpetual 149855 68ComptrollerGeneral s Report 147 5 Gross interest on mortgage loans 6125 61 10 Gross interest on collateral loans 378 10 11 Gross interest on bonds and dividends on stocks 2572 00 12 Gross interest on deposits in trust com panies and banks 1096 95 14 Sundry Sources and bills rec 585 72 16 Gross rents from companys property 1146 48 17 Total gross interest and rents 18 From other sources Com on reins 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 Stocks 28 Total income 11904 86 28756 54 10523 90 4292 31 20533 29 IIIDisbursements 1 Gross amount paid policyholders for losses including 1657957 occurring in pre vious years 2 Deduct amount received for reinsurance fire 127209 98 46097 21 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 7 Salaries 404000 and expenses 450400 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents 10 Advertising 65718 printing and stationery 60867 11 Postage telegrams telephone and express 12 Legal expenses 14 Maps including corrections 18 Repairs and expenses other than taxes on real estate 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Munic Ala 72647 and Ga 292406 total State and Co tax 23 Other disbursements Exchange 25 Mies Expenses 26 Disc on B P 81112 77 2010 05 53418 06 8544 00 5678 16 1680 04 1265 85 1693 06 523 19 389 87 301 14 668 35 508 00 3650 53 1259 56 342 38 1840 04 1082 72 148 ComptrollerGenerals Report 34 Paid stockholders for interest or dividends amount de clared during the year 90 00 38 Agents balances charged off 75 04 41 Total disbursements 186133 41 IVLedger Assets 1 Book value of real estate 12000 00 2 Mortgage loans on real estate 131102 73 3 Loans secured by pledge of bonds stocks or other collateral 11185 41 4 Hook value of bonds 50443 00 5 Cash in companys office 9903 51 0 Deposits in trust companies and banks not on interest 21223 45 7 Deposits in trust companies and banks on interest 18480 46 8 Agents balances representing business written subsequent to Oct 1 1913 51613 52 9 Agents balances representing business written prior to Oct 1 1913 1277 09 11 Dills receivable taken for fire risks 9497 24 13 Sou Assn Fire Ins Co 328 68 14 Due from Keins Co 6184 56 15 Due from Specials 322 69 16 Total lodger assets 3269S2 34 NonLedger Assets 17 Inicrest due 354482 and accrued 3 21 7iii on mortgages 6762 48 19 I n nest due 12483 and accrued 595 on collateral loans 130 78 21 Iills roc 513 83 22 Time Certif 903 83 23 Rents due on company property or lease 160 52 2 1 Total 8471 44 30 Cross assets 335453 78 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct I 1913 1277 09 36 Loans On personal security endorsed or not 541 81 41 Total admitted assets 333 634 S8ComptrollerGenerals Report 149 VLiabilities Gross claims for losses in process of ad justment or in suspense Gross claims for losses resisted Total Deduct reinsurance due or accrued 19524 22 3024 00 22548 22 7577 39 Net amount of unpaid losses and claims Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 25193442 unearned premiums per recapitulation 139922 15 14970 St 10 16 21 26 27 28 29 30 Total unearned premiums as computed above Dividends declared and unpaid to stockholders Reinsurance and return premiums due other companies 4 139322 15 1S7 50 1052 90 Total amount of all liabilities except capital 10500 1 38 Capital actually paid up in cash 100000 00 Surplus over all liabilities 68030 50 Surplus as regards policyholders Total liabilities 168030 50 333634 88 VIBisks and Premiums Fire Bisks Premiums Thereon In force on the 31 day of Dec as per line 6 under this heading in last vear s statement 17200023 00 345444 00 Written or renewed during the year 16295564 00 285226 f9 Tta 33495587 00 630670 79 Deduct those expired and marked off as terminated 11610214 197321 80 In force at the end of the year 21885373 00 433348 99 Deduct reinsured 9134627 00 181414 51 Net amount in force 12750746 00 251934 42 Business in the State of Georgia During the Year 13997231 00 Gross risks written Less 300015300 risks cancelled and 3478507 rein surance in companies authorized in Georgia 6478660 00 Net risks written 7518571 00150 ComptrollerGenerals Report 28 Gross premiums on risks written 238842 68 Less 3848191 return premiums and 7540624 prem iums for reinsurance in companies authorized in Ga 113888 15 Net premiums received 124954 53 29 Losses paid deducting salvage Ill 994 17 Less losses on risks reinsured in companies authorized in Georgia 4329 76 Net losses paid 68364 41 30 Losses incurred 114 isi 35 Less losses on risks reinsured in companies authorized in Georgia 42906 61 Net losses incurred 71 074 75 GEORGIA HOME FIRE INSURANCE COMPANY Rhodes Browne President Wm c Coart Secretary ICapital Stock 1 Amount of capitl stock paid up in cash 300000 00 2 Amount of ledger assets as per balance December 31 of previous year 761 334 37 4 Extended at 761334 3 IIIncome 5 Gross premiums 475320 15 6 Deduct Reinsurance premiums fire 100 80486 return premiums fire 7718413 177988 99 7 Total premiums other than perpetual 97 3i 6 9 Gross interest on mortgage loans 10 Gross interest 011 collateral loans 11 Gross interest on bonds and dividends on stocks less 14967 accrued interest on bonds acquired during 1913 16 Gross rents from companys property in cluding 140000 for companys occu pancy of its own buildings 3682 41 934 85 23674 75 30i0 00 17 Total gross interest and rents 31912 01ComptrollerGenerals Report 151 27 Gross increase by adjustment in book value of ledger as sets viz Bonds 875 00 28 Total income 330118 27 IIIDisbursements 1 Gross amount paid policyholders for losses including 1506667 occurring in pre vious years 324099 71 2 Deduct amount received for Salvage fire 207661 reinsurance fire 9813883 discount fire 4200 total 100257 44 3 Net amount paid policyholders for losses 223842 27 4 Expenses of adjustment and settlement of losses 3410 16 5 Commissions or brokerage including 7469849 on risks of other companies reinsured less 2354451 reinsurance commissions 51153 98 6 Allowances to local agencies for miscellaneous agency ex penses 1364 01 7 Salaries 1127500 and expenses 1044804 of special and general agents 21723 01 8 Salaries fees and all other charges of officers directors trustees and home office employees 22753 34 9 Rents including 1400 for companys occupancy of its own buildings 4555 00 10 Advertising 112438 printing and stationery 108840 2212 78 11 Postage telegrams telephone and express 1888 47 12 Legal expenses 720 02 13 Furniture and fixtures 512 75 14 Maps including corrections 1400 70 15 Underwriters boards and tariff associations 6253 62 18 Repairs and expenses other than taxes on real estate 2141 33 19 Taxes on real estate 770 00 20 State taxes on premiums 8020 76 21 Insurance department licenses and fees 2065 30 22 All other licenses fees and taxes Personal State county and city taxes 2001 00 Municipal and other taxes and licenses 7280 50 Total 9281 50 24 Miscellaneous and office expenses 3084 65 34 Paid stockholders for interest or dividends amount declared during the year 900000 9000 00 38 Agents balances charged off 1626 35 39 Gross loss on sale or maturity of ledger assets viz Bonds 645 00 152 ComptrollerGeneral 40 Gross decrease by adjustment in book value sets viz Bonds 535000 Stocks 6961 41 Total disbursements s Report of ledger as00 total 12310 00 390734 726364 4087 424 46 67 19 84 70 14 IVLedger Assets 1 Book value of real estate 60000 00 19575 00 or 14520 00 504142 50 1326 87 19876 19 7i4Si 97 2553 36 788378 00 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks other collateral 4 Book value of bonds 210222511 and stocks 29392000 total 5 ash in companys office 6 Deposits in trust companies and banks not on interest 8 Agents balances representing business writIon subsequent to October 1 1913 9 Agents balances representing business written prior to October 1 1913 13 Loans on personal security endorsed or not 16 Total ledger assets NonLedger Assets 17 Interest due 1101 and accrued 275647 on mortgages i 2771 47 125li 25 59 4 7 20 Interest accrued 125625 on bonds lit Interest accrued on Collateral loans 24 Total 28 Due from reinsurance Cos on Liverpool 30 Gross assets 730876 10437 Deduct Assets Not Admi 34 Agents balances representing business written prior to October 1 1913 36 Loans on personal security endorsed or not tted 255 36 7553 87 Total 41 Total admitted assets 720439 56 ComptrollerGenerals Report VLiabilities 153 1 Gross losses adjusted and unpaid 15066 67 2 Gross claims for losses in process of adjust ment or in suspense 43242 39 3 Gross claims for losses resisted 6258 33 4 Total 5 Deduct reinsurance due or accrued 64567 39 25543 94 18 21 26 27 28 29 30 Net amount of unpaid losses and claims Gross premiums less reinsurance received and receivable upon all unexpired fire risks 58656202 unearned pre miums per recapitulation Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement Reinsurance and return premiums due other companies 39023 45 Surplus as regards polieyholders Total liabilities 296519 19 6000 00 7301 48 Total amount of all liabilities except capital 348844 12 Capital actually paid up in cash 300000 00 Surplus over all liabilities 71595 44 371595 44 720439 56 VIRisks and Premiums Fire Risks Premiums Thereon In force on the 31st day of December as per line 5 under this heading in last years statement 66731367 980835 52 Written or renewed during the year 28551470 475320 25 Kxcess of original premiums over amount received for reinsurance Total 95282837 145687105 Deduct those expired and marked off as terminated 42876118 618642 10 In force at the end of the year Deduct amount reinsured 52406719 838228 95 19430956 251666 93 8 Net amount in force 32975763 586562 02154 ComptrollerGenerals Report Business in the State of Georgia During the Tear 27 Gross risks written 5178827 00 Less risks cancelled 822 004 00 Net risks written 435833 00 28 Gross premiums on risks written 87 592 28 Less return premiums jj 339 qa Net premiums received 4 yg 258 g4 29 Losses paid deducting salvage 33014 35 Less losses on risks reinsured in companies authorized in Georgia 11742 03 Net losses paid 21 979 39 30 Losses incurred 50 04Q 52 Less losses on risks reinsured in companies authorized in Georgia 23100 00 Net losses incurred 4 9g goo og GERMAN ALLIANCE INSURANCE COMPANY OF NEW YORK N Y William N Kremer President Edwin M Cragin Secretary Home Office 1 Liberty Street New York City N Y S Y Tupper Jr Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 400000 00 2 Amount of ledger assets as per balance Dec 31 of previous years t29 196 38 4 Extended at 1929 196 38 ITIncome 5 Gross premiums 3419 541 77 6 Deduct reinsurance premiums fire 2 13114726 return premiums ore 660 06766 total 9 791 214 92 7 Total premiums other than perpetual 628 396 85 9 Gross interest on mortgage loans 2 568 75ComptrollerGenerals Report 155 11 Gross interest on bonds and dividends on stocks less 46265 accrued interest on bonds acquired during 1913 78627 29 12 Gross interest on deposits in trust com panies and banks 358 85 14 On subscription payments for bonds and stocks 253 00 17 Total gross interest and rents 81807 89 26 Gross profit on sale or maturity of ledger assets viz Stocks 58 69 28 Total income 710193 43 IIIDisbursements 1 Gross amount paid policyholders for losses including 23802914 occurring in pre vious years 1324384 48 2 Deduct amount received for salvage fire 422796 reinsurance fire 98335863 discount fire 4667 total 987636 26 5 3 Net amount paid policyholders for losses 336748 22 4 Expenses of adjustment and settlement of losses 6299 38 Commissions or brokerage 217215 96 8 Salaries fees and all other charges of officers directors trustees and home office employees 3323 00 11 Postage telegrams telephone and express 5 70 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 3874 68 20 State taxes on premiums 10966 20 21 Insurance department licenses and fees 2520 96 22 All other licenses fees and taxes Federal corporation tax 50038 municipal 138019 county 18341 2063 98 34 Paid stockholders for interest or dividends amount de clared during the year 60000 00 39 Gross loss on sale or maturity of ledger assets viz Bonds 28584 93 41 Total disbursements 671603 01 TVLedger Assets 2 Mortgage loans on real estate 55000 00 4 Book value of bonds 71359811 and stocks 105633495 total 1769933 06 5 Cash in companys office 300 00156 ComptrollerGenerals Report 7 Deposits in trust companies and banks on interest 33052 59 16 Total ledger assets 1907786 80 NonLedger Assets 17 Interest accrued on mortgages 812 50 20 Interest accrued on bonds 8334 00 24 Total 0146 50 30 Gross assets 1976933 30 Deduct Assets Not Admitted 38 Book value of ledger assets over market value viz Bonds 5704611 stocks 7387395 total 130920 06 40 Total 130920 06 41 Total admitted assets 1846013 24 VLiabilities 1 Gross losses adjusted and unpaid 171118 02 2 Cross claims for losses in process of ad justment or in suspense plus 1501000 reserve for losses incurred prior to Per 31 of which no notice had been receiv ed on that date 221356 00 3 Gross claims for losses resisted 30 540 00 4 Total 29895 I 12 5 Deduct reinsurance due or accrued 201082 00 i Xet amount of unpaid losses and claims 07S72 62 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 925S5S 12 unearned premiums per recapitulation 487667 05 10 Total unearned premiums as computed above 487607 05 18 Estimated amount hereafter payable for federal state and Other taxes based upon the business of the year of of this statement 0 qqq qq 20 Total amount of all liabilities except capital 595 539 6727 28 29 30 27 28 29 30 CoMPTROLLERGrENERALs EEPORT 157 Capital actually paid up in cash 400000 00 Surplus over all liabilities 850473 57 Surplus as regards policyholders 1250473 57 Total liabilities 1846013 24 VIEisks and Premiums Fire Eisks Premiums Thereon In force on the 31 day of Dec as per line 6 under this heading in last years statement 439530853 00 4462020 46 Written or renewed during the year 335904735 00 3419541 77 Total 775435588 00 7881562 23 Deduct those expired and marked off as terminated 302899317 00 3205971 69 In force at the end of the year472536271 00 4675590 54 Deduct amount reinsured 379642791 00 3749732 12 Net amount in force 92893480 925858 42 Business in the State of Georgia During the Year Gross risks written 2628279 00 Less risks cancelled 531975 00 Net risks written 2096304 00 Gross premiums on risks written 42054 02 R Q19 95 Less return premiums Net premiums received 35141 11 Losses paid deducting salvage 2344t 78 Losses incurred 26238 78 GERMAN AMERICAN INSURANCE COMPANY William N Kremer President Edwin M Cragin Secretary Home Office 1 Liberty Street New York City N Y S Y Tupper Jr Attorney for Service ICapital Stock 1 Amount of capital stock paid up in cash 2000000 00158 ComptrollerGenerals Report 2 Amount of ledger assets as per balance December 31 of previous year 21880403 89 4 Extended at 21880403 89 IIIncome 5 Gross premiums 15241675 12 6 Deduct Eeinsurance premiums fire 3 43769895 return premiums fire 2734 84172 total 6172540 67 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 383223 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust companies and banks 13 Gross interest from all other sources On Philadelphia Underwriters Association deposit 14 On subscription payments for bonds and stocks 15 On deferred payments of agents balances 126035 prepayment of taxes 19156 16 Gross rents from companys property in cluding 5684500 for companys occu pancy of its own buildings 9069134 45 4921 67 815963 40 8102 60 9 45 825 75 1451 91 219278 71 17 Total gross interest and rents j 19 Premiums collected on business with other companies 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger as sets viz Bonds 2106 88 8tocks 5566 09 Total 28 Total income 050553 49 3141 15 2271 54 7672 97 10132773 60 IIIDisbursements 1 Gross amount paid policyholders for losses including 87400610 occurring in pre vious years 6538499 57 2 Deduct amount received for Salvage fire 3321202 reinsurance fire 1691 10991 discount fire 145883 total 1725780 76ComptrollerGenerals Report 159 3 Net amount paid policyholders for losses 4812718 81 4 Expenses of adjustment and settlement of losses 118839 81 5 Commissions or brokerage 1672042 37 6 Allowances to local agencies for miscellaneous agency ex penses 3500 30 7 Salaries 40650184 and expenses 14650128 of special and general agents 553003 12 8 Salaries fees and all other charges of officers directors trustees and home office employees 352221 CO 9 Rents including 5584500 for company a occupancy of its own buildings 77152 72 10 Advertising 1628722 printing and stationery 7618284 92470 17 11 Postage telegrams telephone and express 73115 06 12 Legal expenses 5146 97 13 Furniture and fixtures 15725 11 14 Maps including corrections 25229 62 15 Underwriters boards and tariff associations 111404 13 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 54245 51 17 Inspections and surveys 72843 16 18 Repairs and expenses other than taxes on real estate 81492 30 19 Taxes on real estate 36504 34 20 State taxes on premiums 143505 53 21 Insurance department licenses and fees 34915 66 22 All other licenses fees and taxes Federal corporation tax 10019 91 Municipal 1932270 county 256773 21890 43 Total 31910 34 23 Other disbursements 24 Meracntile agency reports special reports nd reference books 12356 51 25 Premiums on business placed with other companies 6794 08 26 Miscellaneous office expenses 3927 48 Total 23078 07 34 Paid stockholders for interest or dividends amount declared during the year 60000000 600000 00 38 Agents balances charged off 2243 40 39 Gross loss on sale or maturity of ledger as sets viz Bonds 19239 09 Total 23078 07 Total 21700 94 41 Total disbursements 9015009 iZ160 ComptrollerGenerals Keport IVLedger Assets 1 Book value of real estate 2678347 94 2 Mortgage loans on real estate first liens 83600 00 4 Book value of bonds 956257438 and stocks 811720943 total 17679783 81 5 Cash in company a office 13 003 24 6 Deposits in trust companies and banks not on interest 86919 80 7 Deposits in trust companies and banks on interest 694013 20 8 Agents balances representing business writ ten subsequent to October 1 1913 1600209 44 9 Agents balances representing business writ ten prior to October 1 1913 50380 06 lli Bills receivable taken for fire risks 101911 07 13 Furniture fixtures and safes 10 000 00 10 Total ledger assets 22998168 36 NonLedger Assets 17 Interest accrued on mortgages 1 870 00 20 Interest accrued on bonds 139 645 13 18 Interest accrued on bank balance 3608 40 23 Rents due on companys property or lease 3865 92 24 Total 148989 45 Deduct Assets Not Admitted 33 Furniture fixtures and safe 10000 00 34 Agents balances representing business writ ten prior to Oct 1 1913 50380 06 35 Bills receivable past due taken for marine inland and fire risks 3 gJ3 04 39 Bonds 72247838 stocks 40717143 otl1 1129649 81 40 Beal estate 228 347 74 Total 1422239 65 41 Total admitted assets 6 724 918 16 VLiabilities 1 Gross losses adjusted and unpaid 140 661 00 2 Gross claims for losses in process of adjust ment or in suspense plus 4500000 reComptrollerGenerals Report 161 serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 1081399 00 3 Gross claims for losses resisted 141553 00 4 Total 1363613 00 5 Deduct reinsurance due or accrued 474056 50 6 Net amount of unpaid losses and claims 889559 50 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 1828212487 unearned premiums per recapitulation 9420868 30 17 Salaries rents expenses bills accounts fees etc due or ac crued 24714 85 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 140000 00 23 All other liabilities viz Rents paid in advance 780 75 24 Premiums due or to become due on business placed with other companies 3141 15 26 Total amount of all liabilities except capital 10479062 61 27 Capital actually paid up in cash 2000000 00 28 Surplus over all liabilities 9245855 55 29 Surplus as regards policyholders 11245855 5y 30 Total liabilities 21724918 16 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 2146704883 20665731 01 2 Written or renewed during the year 1631474905 15241675 12 3 Excess of original premiums over amount received for reinsurance 1413932 78 4 Total 3778179788 37321338 94 5 Deduct those expired and marked off as terminated 1441335816 14558052 00 6 In force at the end of the year 2336843972 22763286 94 7 Deduct amount reinsured 497668192 4481162 07 8 Net amount in force 1839175780 18282124 87162 ComptrollerGenerals Report Business in the State of Georgia During the Year 27 Gross risks written 9000358 00 Less 2081861 risks cancelled and 305530 reinsurance in companies authoriezd in Georgia 2 987 391 00 Net risks written 6012967 00 28 Gross premiums on risks written 190 097 92 Less 3194003 return premiums and 438428 premiums for reinsurance in companies authorized in Georgia 36 324 31 Net premiums received 153 773 gj 29 Losses paid deducting salvage m 704 27 Less losses on risks reinsured in companies authorized in Georgia 9712 86 Net losses paid 101991 41 30 Losses incurred Q4 953 27 Less losses on risks reinsured in companies authorized in Georgia 10719 86 Net losses incurred 4 t 04 033 4 GERMANIA FIRE INSURANCE COMPANY OF NEW YORK Geo B Edwards President Home Office 62 William Street New York Samuel Williams Atlanta Attorney for Service Gustav Kehr Secretary ICapital Stock 1 Amount of capital stock paid up in cash 1000000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 7456033 94 4 Extended at 7456033 94 IIIne 5 Gross premiums 4056815 89 6 Deduct reinsurance premiums fire 552 08613 return premiums fire 526 552045 total i078638 17 7 Total premiums other than perpetual 2 978 177 72ComptrollerGenerals Report 163 9 Gross interest on mortgage loans 19832 94 11 Gross interest on bonds and dividends on stocks less 204976 accrued interest on bonds acquired during 1913 263027 99 12 Gross interest on deposits in trust com panies and banks 7892 21 14 From branch office balances 227 84 15 From prepayment of real estate taxes 122 21 16 Gross rents from companys property in cluding 2500000 for companys occu pancy of its own buildings 47689 93 17 Total gross interest and rents 338793 12 18 From other sources Conscience money received 25 0JD 20 10 shares underwriters salvage Co of Chicago again listed 1000 00 25 From agents balances previously charged off 54 32 26 Gross profit on sale or maturity of ledger assets viz Bonds 687 50 Stocks 2000 00 28 Total income 3320 737 66 IIIDisbursements 1 Gross amount paid policyholders for losses including 20496753 occurring in pre vious years 1650767 21 2 Deduct amount received for salvage fire 824959 reinsurance fire 30356879 Discount fire 70072 total 312519 10 3 Net amount paid policyholders for losses 1338248 11 4 Expenses of adjustment and settlement of losses 74965 01 5 Commissions or brokerage 676143 68 6 Allowances to local agencies for miscellaneous agency expenses 93374 80 7 Salaries 8446055 and expenses 4900728 of special and general agents 133467 83 8 Salaries fees and all other charges of officers directors trustees and home office employees 154758 06 9 Rents including 25000 for companys occupancy of its own buildings 31491 05 10 Advertising 491136 printing and stationery 1715524 22066 60 11 Postage telegrams telephone and express 21912 54 12 Legal expenses 1942 36 13 Furniture and fixtures 3635 52164 ComptbolleeGenebals Eepoet 14 Maps including corrections 11021 58 15 Underwriters boards and tariff associations 6607 01 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 22862 60 17 Inspections and surveys 40379 54 18 Kepairs and expenses other than taxes on real estate 15577 54 19 Taxes on real estate 12127 00 20 State taxes on premiums 54707 78 21 Insurance department licenses and fees 16941 65 22 AH other licenses fees and taxes Federal corporation tax 7054 17 Municipal and county licenses and taxes 9471 25 Fire marshals taxes 4060 31 23 Other disbursements Apprasial of mortgaged property and other expenses in connection with investments 49000 exchange 346529 subscriptions 88135 charity 14100 insurance premiums of surety bonds 47593 spring water ice towels 98374 mercantile agencies 249870 auditing 158125 miscellaneous 9688 total 10614 14 34 Paid stockholders for interest or dividends amount de clared during the year 200000 00 38 Agents balances charged off 169 46 39 Gross loss on sale or maturity of ledger assets viz Bonds 953 08 40 Gross decrease by adjustment in book value of ledger assets viz Real estate 1168 39 41 Total disbursements 2965721 06 IVLedger Assets 1 Book value of real estate 750000 00 2 Mortgage loans on real estate 492500 00 4 Book value of bonds 276150469 and stocks 273174962 total 5493254 31 5 Cash in companys office 1660 44 6 Deposits in trust companies and banks not on interest 36523 55 7 Deposits in trust companies and banks on interest 492722 19 8 Agents balances representing business written subsequent to Oct 1 1913 334192 75 9 Agents balances representing business written prior to Oct 1 1913 10197 30 16 Total ledger assets 7811050 54ComptrollerGenerals Report 165 NonLedger Assets 17 Interest accrued on mortgages 7200 60 20 Interest accrued on bonds 37155 25 23 Rents due 22833 and accrued 16666 on companys property or lease 394 99 24 Total 44750 84 SO Gross assets 7855801 38 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 10197 30 38 Book value of ledger assets over market value 585406 81 40 Total 595604 11 41 Total admitted assets 7260197 27 VLiabilities 1 Gross losses adjusted and unpaid 100593 41 2 Gross claims for losses in process of ad justment or in suspense plus 344601 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 146196 24 3 Gross claims for losses resisted 35647 00 4 Total 282436 65 5 Deduct reinsurance due or accrued 97572 10 6 Net amount of unpaid losses and claims 184864 55 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 656054217 unearned prem iums per recapitulation 3365601 13 10 Total unearned premiums as computed abovg 3365601 13 17 Salaries Tents expenses bills accounts fees etc due or accrued 2224 73 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 55000 0Q166 COMPTROLLERGENERAL s REPORT 19 Contingent commissions or other charges due or accrued 21 Reinsurance and return premiums due other companies 19492 30 36747 57 26 Total amount of all liabilities except capital 3 663 930 28 27 Capital actually paid up in cash 1000000 28 Surplus over all liabilities 2 596 266 99 29 Surplus as regards policyholders 3 596 266 99 30 Total liabilities 7260197 27 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of Dec as per line 6 under this heading in last year s statement 76i818731 00 7266992 51 2 Written or renewed during the year 412593004 00 4056815 89 3 Excess of original premiums over amount received for reinsurance 53Q 38 al 1173411735 00 11324338 78 5 Deduct those expired and marked off as terminated 389083750 00 3886922 21 6 In force at the end of the year784327985 00 7437 416 57 7 Deduct amount reinsured 80865371 00 876874 40 8 Net amount in force 703462614 00 6560542 17 Business in the State of Georgia During the Year 27 oss risks written 5mm Qj Less 1484974 risks cancelled and 1334800 reinsur ance in companies authorized in Georgia 1471626 00 Net risks written m 28 Gross premiums on risks written 87 08 28 Less 1449109 return premiums and 41212 premiums for reinsurance in companies authorized in Georgia 14903 21 Net premiums received d 29 Losses paid deducting salvage Less losses risks reinsured in companies authorized in Georgia 72125 07 33575 26 2 90 Net losses paid 33572 36ComptrollerGeneral s Report 167 30 Losses incurred 50597 41 Less losses on risks reinsured in companies authorized in Georgia 2 90 Net losses incurred 50594 51 GIRARD FIRE AND MARINE INSURANCE COMPANY Henry M Gratz President Edward J Thornason Secretary John A Whitner 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 2553464 29 4 Extended at 2553464 29 ITIncome 5 Gross premiums 1324581 15 6 Deduct Reinsurance premiums fire 295 47015 return premiums fire 213 72882 total 509204 97 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 84923 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust companies and banks 14 Dividend on Mutual Assurance policy 15 Interest on Phi hi Fire Underwriters deposit Interest on bills receivable 16 Gross rents from companys property in eluding 900000 for companys occu pancy of its own buildings 9370 05 1935 73 81673 03 740 51 30 00 3 15 23 95 17320 21 815376 18 11051 31 17 Total gross interest and rents 111096 63168 ComptrollerGenerals Report 19 Return premiums on perpetual reinsurance policies 27 Gross increase by adjustment in book Value of ledger assets viz Bonds 28 Total income 940371 97 126 00 2721 85 IIIDisbursements 1 Gross amount paiuTpolicyholders for losses including 6203671 oeeuring in previous years 2 Deduct amount received for Salvage fire 181774 reinsurance fire 15354776 total 563242 91 155365 50 10 11 12 13 14 15 16 17 18 19 20 21 22 Net amount paid polieyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Allowances to local agencies for miscellaneous expenses Salaries 1018000 and expenses 886350 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Rents including 9000 for companys occupancy of its own buildings Advertising 109330 printing and stationery 945421 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 assessments 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 a Federal corporation tax 720 92 b 3816 01 2746 85 1 00 Total 23 Other disbursements 24 Investment expenses 25 Interest on bills payable 407877 41 10167 57 211910 47 5245 74 19043 50 62050 00 12498 04 10547 51 2763 92 821 95 596 00 3464 54 10668 03 8900 54 3949 11 4416 SI 4074 43 11113 67 7974 31 7284 78 247 50 111 11ComptrollerGenerals Report 169 26 Auditing books for department office 100 00 27 General agents bond 181 25 28 Christmas presents 454 38 28 Electricity 364 92 30 Notary fees 8 00 31 Insurance on furniture and fixtures 411 42 32 Incidentals 552 74 Total 2431 32 33 Deposit premiums returned 26007 45 34 Paid stockholders for interest or dividends amount de clared during the year 100000 100000 00 38 Agents balances charged off 27 25 39 Gross loss on sale or maturity of ledger assets viz Bonds 979 77 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 1384 28 41 Total disbursements 936198 41 IVLedger Assets 1 Book value of real estate 211497 32 2 Mortgage loans on real estate first liens 180400 00 5 Loans secured by pledge of bonds stocks or other collateral 34500 00 4 Book value of bonds 173954377 and stocks 15858431 total 1898127 00 5 Cash in company a office 1478 50 7 Deposits in trust companies and banks on interest 85087 06 8 Agents balances representing business writ ten subsequent to October 1 1913 141687 04 9 Agents balances representing business writ ten prior to October 1 1913 1419 39 11 Bills receivable taken for fire risks 2629 96 12 Other ledger assets vizPhiladelphia Under writers deposit 100 00 13 Perpetual policies or insurance on companys real estate 712 50 16 Total ledger assets 2557637 85 NonLedger Assets 17 Interest accrued on mortgages 2207 14 18 Interest accrued on bonds 22867 12 19 Interest accrued on collateral loans 455 45 24 Total 25529 71170 ComptrollerGenerals Report 35 Market value of real estate over book value 55752 68 27 Other nonledger assets viz Unearned portion of premiums on fire insurance policies covering company a real estate holdings 1462 40 30 Gross assets 2640382 64 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 1418 39 38 Book value of ledger assets over market value viz Stocks and bonds 106894 39 40 Total 108312 78 41 Total admitted assets 2532069 86 VLiabilities 2 Gross claims for losses in process of adjust ment or in suspense 78863 00 3 Gross claims for losses resisted 2400 00 4 Total 81263 00 5 Deduct reinsurance due or accrued 31467 00 6 Net amount of unpaid losses and claims 49796 00 7 dross premiums less reinsurance received and receivable upon all unexpireil fire risks 184293454 unearned pre miums per recapitulation 960749 32 11 Amount reclaimable by the insured on perpetual fire insur ance policies being 90 per cent of the premium or de posit received 585463 57 18 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this sta tenient 3500 00 26 Total amount of all liabilities except capital 1599508 89 27 Capital actually paid up in cash 500000 00 28 Surplus over all liabilities 432560 97 29 Surplus as regards policyholders 932560 97 30 Total liabilities 2532069 86ComptrollerGeneral s Report 171 VIEisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31st day of December as per line 6 under this heading in last years statement 248837487 2299495 65 2 Written or renewed during the year 127004796 1324581 15 4 Totali 375842283 3624076 80 5 Deduct those expired and marked off as terminated 123198251 1278997 65 6 In force at the end of the year 252644032 2345079 15 7 Deduct amount reinsured 42980277 502144 61 8 Net amount in force 209663755 1842934 54 9 Perpetual risks not included above 31668341 deposit premiums on same 65051508 Business in the State of Georgia During the Year 27 Gross risks written 3940666 00 Less 798426 risks cancelled and 1248799 reinsurance in companies authorized in Georgia 2047225 00 Net risks written 1893441 00 28 Gross premiums on risks written 71768 45 Less 1157477 return premiums and 2327704 premiums for reinsurance in companies authoried in Georgia 34851 81 Net premiums received 36916 64 29 Losses paid deducting salvage 35414 39 Less losses onu risks reinsured in companies authorized in Georgia 17038 96 Net losses paid 18375 43 30 Losses incurred 37166 39 Less losses on risks reinsured in companies authorized in Georgia 17166 39 Net losses incurred 19522 43172 ComptrollerGenerals Report glens falls insurance company of glens falls n y T L Cunningham President E W West Secretary ICapital Stock 1 Amount of capital stock paid up in cash 500000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 5668179 67 4 Extended at 5668179 67 IIIncome 5 Gross premiums fire 297165675 marine 13113787 total 6 Deduct reinsurance premiums fire 418 86278 marine and inland 1084523 return premiums fire 42601028 ma rine and inland 2991329 total 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 117960 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust com panies and banks 14 Eeins Bureau 15 On Real estate contracts 16 Gross rents from companys property in cluding 600000 for 6 months com panys occupancy of its own buildings 3102794 62 885631 59 2217162 98 105954 81 152112 36 11904 61 63 39 183 34 12319 19 17 Total gross interest and rents 18 From other sources On Sale of Northern Pacific R R rights 20 From Union Pacific R R Syndicate 21 From unredeemed checks to Profit and Loss 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Bonds Stocks 27 Gross increase by adjustment in book value of ledger assets viz Bonds Stocks 282597 70 245 00 1000 00 156 94 346 29 210 70 636 20 196 95 220 50 28 Total income 2 543 890 11ComptrollebGeneeals Report IIIDisbursements 173 1 Gross amount paid policy holders for losses in cluding 16355945 oc curring in previous years 1371194 06 2 Deduct amount received for salvage fire 8 12604 marine and in land 59850 reinsur ance fire 21963618 marine and inland 2 45515 discount fire 42590 total 228188 12 45192 32 3053 65 9 10 11 12 13 14 15 16 17 18 19 20 21 22 24 32 Net amount paid policy holders for losses1143005 94 42138 67 Expenses of adjustment and settlement of losses Commissions or brokerage Allowances to local agencies for miscellaneous agency expenses Salaries 10565072 and expenses 5076270 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Rents including 600000 for companys 6 mos occu pancy of its own buildings Advertising 318064 printing and stationery 21 89831 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 910138 local and municipal 589333 pub statement 28683 federal eorpn 283047 on dev of bonds 2500 on mtgs 6575 total Offico and mesc exp not included above Furn and fix for now office bldg to profit and loss 1185144 61 42441 10 469204 82 985 10 156413 42 83423 23 6937 16 25078 95 17639 13 1410 89 1410 89 12574 61 27967 49 10346 22 12397 23 117 14 5327 03 35480 69 10996 60 9101 38 23543 32 29401 96174 ComptrollerGeneral s Beport 34 Paid stockholders for interest or dividends amount de clared during the year 185000 00 36 Interest paid to scripholders 1908 36 40 Gross decrease by adjustment in book value of ledger assets viz Real estate 175526 71 Bonds 146447 50 Stocks 58930 00 41 Total disbursements 2 734 527 84 IVLedger Assets 1 Book value of real estate 218408 43 2 Mortgage loans on real estate 1894185 00 3 Loans secured by pledge of bonds stocks or other collateral 60000 00 4 Book value of bonds 217976782 and stocks 32315000 total 2502912 82 5 Cash in companys office 13150 88 7 Deposits in trust companies and banks on interest 427876 56 9 Agents balances representing business written prior to Oct 1 1913 1 148 41 16 Total ledger assets 5477541 94 NonLedger Assets 17 Interest due 636631 and accrued 6 71569 on mortgages 13082 00 20 Interest due 450000 and accrued 28 41492 on bonds 32 914 92 19 Interest accrued on collateral loans 289 16 22 Accrued on deposits x7 50 23 Rents accrued on companys property or lease 1 H s 62 24 Total I 47 262 20 27 Other nonledger assets viz Reins due on losses paid 1883 64 nss lsslts 5526687 78 Deducl Assets Not Admitted 34 Agents balances representing Imsincss written prior to Oct 1 in 11 1148 41 4 Tote1 337 114841 II Total admitted assets 5525539 37ComptrollerGenerals Report 175 VLiabilities 1 Gross losses adjusted and unpaid 19576 66 2 Gross claims for losses in process of ad justment or in suspense plus 23160 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 189731 58 3 Gross claims for losses resisted 36253 50 4 Total 245561 74 5 Deduct reinsurance due or accrued 35665 74 6 Net amount of unpaid losses and claims 209896 00 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 455400223 unearned prem iums per recapitulation 2353345 46 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 7976098 unearned premiums fifty per ceni 39880 49 10 Total unearned premiums as computed above 2393225 95 17 Salaries rents expenses bills accounts fees etc duo or accrued 3000 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 33000 00 21 Reinsurance and return premiums due other companies 17116 54 23 All other liabilities viz Reserve for dividend 50000 00 26 Total amount of all liabilities except capital 2706238 49 27 Capitalactually paid up in cash 500000 00 28 Surplus over all liabilities 2319300 88 29 Surplus as regards policyholders 2819300 88 30 Total liabilities 5525539 37 Business in the State of Georgia During the Year 27 Gross risks written 5305086 00 Less 129300900 risks cancelled and 137549900 rein surance in companies authorized in Georgia 2668508 00 Net risks written 2636578 00176 ComptbollebGeneeals Repoet 28 Gross premiums on risks written 75253 99 Less 1600035 return premiums and 2001559 prem iums for reinsurance in companies authorized in Ga 36015 94 Net premiums received 39238 05 29 Losses paid deducting salvage 39079 43 Less losses on risks reinsured in companies authorized in Georgia 19293 36 Net losses paid 19786 05 30 Losses incurred 36418 60 Less losses on risks reinsured in companies authorized in Georgia 19293 36 Net losses incurred 17125 24 GLOBE AND RUTGERS FIRE INSURANCE COMPANY OF NEW YORK E Jameson President W TI Paulison T T Gordon Secretaries 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 7331292 73 4 Extended at 7331292 73 ITIncome 5 Cross premiums 6559008 23 6 Deduct Reinsurance premiums fire 1 04991097 return premiums lire 1 5765958 total 2107570 55 7 Total premiums other than perpetual 4452097 68 9 Cross interest on mortgage loans 5007 63 11 Cross interest on bonds and dividends on storks less 808363 accrued interest on bonds acquired during L913 312 946 13 12 Cross interest on deposits in trust companies and banks 1171 23 14 Miscellaneous 12 60 16 Grossrents from companys property 5666 30 17 Total gross inter st and rents 324803 89ComptrollerGenerals Report 177 20 Mercantile National Bank in liquidation v 3037 50 22 Received account borrowed money 235000 00 26 Gross profit on sale of maturity of ledger assets viz Stocks 6097 52 28 Total income 5021036 50 IIIDisbursements 1 Gross amount paid policyholders for losses including 49895449 occurring in pre vious year 3390401 93 2 Deduct amount received for Salvage fire 4340026 reinsurance fire 83244034 discount fire 564255 total 881483 15 3 Net amount paid policyholders for losses 2508918 78 4 Expenses of adjustment and settlement of losses 38609 86 5 Commissions or brokerage 837835 63 8 Salaries fees and all other charges of officers directors trustees and home office employees 138241 23 9 Rents 10625 07 10 Advertising 251957 printing and stationery 956204 12081 6t 11 Postage telegrams telephone and express 6929 65 12 Legal expenses 13360 87 13 Furniture and fixtures 2273 31 14 Maps including corrections 6572 39 15 Underwriters boards and tariff associations 23940 59 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 15559 4 17 Inspections and surveys 10237 20 18 Repairs and expenses other than taxes on real estate 682 44 19 Taxes on real estate 1143 10 20 State taxes on premiums 54486 8 21 Insurance department licenses and fees 4933 22 22 All other licenses fees and taxes Federal corporation tax 6584 98 Franchise tax 7725 05 Total 14310 03 23 Other disbursements 25 Interest on borrowed money 29620 53 27 Exchange on agents drafts 2271 16 29 Subscription to papers and mercantile agen cies 1698 02 32 Total 33589 71 34 Paid stockholders for interest or dividends amount de clared during the year 16000000 160000 00178 CompteollerGeneeals Report 39 Gross loss on sale or maturity of ledger assets viz Bonds 488125 stocks 636807 total 11249 32 40 Gross decrease by adjustment in book value of ledger as sets viz Stocks 337 50 41 Total disbursements 3905917 89 IVLedger Assets 1 Book value of real estate 72945 00 2 Mortgage loans on real estate first liens 113700 00 4 Book value of bonds 265990338 and stocks 427250490 total 6932408 2S 5 Cash in company s office 856 05 6 Deposits in trust companies and banks not on interest 158389 76 7 Deposits in trust companies and banks on interest 1S3770 47 8 Agents balances representing business writ ten subsequent to October 1 1913 957767 87 9 Agents balances representing Dusiness writ ten prior to October 1 1913 26574 00 16 Total ledger assets 8446411 43 NonLedger Assets 17 Interest accrued on mortgages 1413 68 IS Interest accrued on bonds 30232 70 24 Total 37646 47 30 Gross assets 8484057 90 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October I 1913 26574 00 38 Book value of ledger assets aver market value 372117 2s 40 Total 403781 28 41 Total admitted assets 8020276 62 VLiabilities 1 Gross losses adjusted and unpaid 133043 00 2 Gross claims for losses in process of adjustCompteolleeGeneeals Repobt 179 ment or in suspense plus 2000000 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 600747 00 3 Gross claims for losses resisted 59711 00 4 Total 793501 00 5 Deduct reinsurance due or accrued 198693 00 6 Net amount of unpaid losses and claims 594808 00 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 246158782 unearned premiums per recapitulation 1208222 07 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 3 88515778 unearned premiums fifty per cent 1942578 89 10 Total unearned premiums as computed above 3150900 96 17 Salaries rents expenses bills accounts fees etc due or accrued 2500 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 27500 00 19 Contingent commissions or other charges due or accrued 59541 00 22 Due and to become due for borrowed money 570000 00 26 Total amount of all liabilities except capital 4405149 96 27 Capital actually paid up in cash 400000 00 28 Surplus over all liabilities 3215126 66 29 Surplus as regards policyholders 3615126 66 30 Total liabilities 8020276 62 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31st day of December as per line 6 under this heading in last years statement 524718829 6095895 73 2 Written or renewed during the year 658599111 6559668 23 3 Excess of original premiums over amount received for reinsurance 637375 65 4 Total 1183317940 13292939 61180 ComptrolleeGeneeals Kepoet 5 Deduct those expired and marked off as terminated 571964050 6236391 27 6 In force at the end of the year 7 Deduct amount reinsured 611353890 55213354 7056548 34 709802 74 8 Net amount in force 556140536 6346745 60 Business in the State of Georgia During the Year 27 Gross risks written 4620979 00 Less 2054834 risks cancelled and 29670 reinsured in companies authorized in Georgia 208404 00 Net risks written 2536475 00 28 Gross premiums on risks written 59528 08 Less 1241106 return premiums and 42044 premiums for reinsurance in companies authorized in Georgia 12831 50 Net premiums received 29 Losses paid deducting salvage Less losses on risks reinsured in companies authorized in Georgia Net losses paid 30 Losses incurred Less losses ob risks reinsured in companies authorized in Georgia 46696 58 10719 28 793 52 9925 76 1 1394 64 77S 74 Net losses incurred 10615 SKI GREAT SOUTHERN FIRE INSURANCE COMPANY OF LYNDON KY William 11 Oox President W J Ruby Secretary ICapital Stock 1 Amount of capital stock paid up in cash 280090 00 2 Amount of ledger assets when Co com menced business 454161 94 3 Increase of paid up capital during the year 180090 00 4 Extended at 034251 94ComptrollerGenerals Report 181 IIIncome 5 Gross premiums 342295 62 6 Deduct reinsurance premiums fire 25 25095 return premiums fire 2184576 47096 71 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 14 Interest deposits and stk notes 17 Total gross interest and rents 18 From other sources Commissions on reinsurance 20 Return commissions sale stock 27 Gross increase by adjustment in book value of ledger assets viz Bonds Stocks 295198 9 1650 00 872 08 2721 13 3134 97 8378 18 28 Total income 6453 77 3452 80 391 25 80 CO 948206 85 IIIDisbursements 1 Gross amount paid policyholders for losses 43616 39 2 Deduct amount received for reinsurance fire 3102 47 9 10 11 12 15 16 21 22 23 25 26 Net amount paid policyholders for losses j Commissions or brokerage Salaries 223350 and expenses 200433 of special and general agts Salaries fees and all other charges of officers directors trustees and home office employees Rents Advertising 59930 printing and stationery 286349 Postags telegrams telephone and express Legal expenses Underwriters boards and tariff associations Fire department fire patrol and salvage corps assess ments fees taxes and expenses Insurance department licenses and fees All other licenses fees and taxes City licenses for agents City state and county taxes Other disbursements Local bonds Investment expense Exchange 40513 92 85414 99 4237 83 14274 23 2066 50 3462 79 1879 74 2056 60 192 90 75 08 2432 35 374 50 545 86 225 43 106 70 68 27 182 ComptrollerGenerals Report 27 General expense items 1140 56 28 Commissions and organization expense 189848 40 41 Total disbursements 350318 57 IVLedger Assets 2 Mortgage loans on real estate 302016 66 3 Loans secured by pledge of bonds stocks or other collateral 103250 00 4 Book value of bonds 5911000 and stocks 88000 total 56990 00 5 Cash in company s office 9 35 6 Deposits in trust companies and banks not on interest 44172 26 8 Agents balances representing business written subsequent to Oct I 1913 76129 74 9 Agents balances representing business written prior to Oct 1 1913 1314 18 12 Other ledger assets viz County claims 3717 67 13 Furniture and fixtures 2653 95 14 Maps 122132 accts accruable 561514 6836 46 15 Reins premiums 198 01 16 Total ledger assets 597888 28 NonLedger Assets 17 Intrest accrued on mortgages 7610 60 20 Interest on bonds 1343 33 19 Interest accrued on collateral loans 1381 88 21 County claims 199 13 22 Certificates of deposits 25168 24 Total 10786 62 Deduct Assets Not Admitted 33 Furniture fixtures and maps 3875 27 34 Agents balances representing business written prior to Oct 1 1913 1314 18 39 Accounts receivable 5615 14 40 Total 10804 59 41 Total admitted assets 597870 31ComptrollerGenerals Report 183 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense 60117 12 4 Total 60117 12 5 Deduct reinsurance due or accrued 12306 31 6 Net amount of unpaid losses and claims i 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired Are risks 30227933 unearned prem iums per recapitulation 169251 85 47810 81 10 Total unearned premiums as computed above 17 Salaries rents expenses bills accounts fees etc due or accrued 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 21 Reinsurance and return premiums due other companies 169251 85 1102 95 1500 00 8867 92 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 280090 00 28 Surplus over all liabilities 89246 78 228533 53 29 Surplus as regards policyholders 30 Total liabilities 369336 78 VIRisks and Premiums 2 Written or renewed during the year 3 Excess or original premiums over amount received for re insurance 597870 31 342295 62 7080 42 4 Total 5 Deduct those expired and marked off as terminated 6 In force at the end of the year 7 Deduct amount reinsured 349376 04 21845 76 327530 20 25250 95 8 Net amount in force 302279 33 Business in the State of Georgia During the Year 27 Gross risks written 28 Gross premiums on risks written 29 Losses paid deducting salvage 30 Losses incurred 750 00 22 50 2416 03 3655 86184 ComptrollerGenerals Report HAMBURG BREMEN FIRE INSURANCE COMPANY OF HAMBURG GERMANY Johan B Schroeder President II Buchenberger Managing Director ICapital Stock 1 Deposit capital pursuant to laws of Georgia deposited in New York 200000 00 2 Amount of ledger assets as per balance December 31 of previous year 1945922 08 IIIncome 3 Gross premiums 2182546 38 4 Deduct Reinsurance premiums fire 556 26190 return premiums 32636445 882631 35 7 Total premiums other than perpetual 1299915 03 10 Gross interest on collateral loans 737 57 11 Gross interest on bonds and dividends on stocks less 95811 accrued interest on bonds acquired during 1913 68449 52 12 Gross interest on deposits in trust companies and banks 587 32 14 Gross interest on unlisted assets 190 00 17 Total gross interest and rents 20 Received from home office 26 From agents balances previously charged off 27 Gross profit on sale or maturity of ledger assets viz Bonds 28 Gross increase by adjustment in book value of ledger as sets viz Bonds 69964 41 10527 36 123 31 1087 50 250 00 29 Total income 1381867 61 IIIDisbursements 1 Gross anioiml paid policyholders for losses including 12576648 occurring in pre vious years 1103617 61 2 Deduct amount received for Salvage fire 724449 reinsurance fire 33592269 discount fire 53318 total 343700 36 Net amount paid policyholders for losses 759917 25 4 Expenses of adjustment and settlement of losses 24378 96ComptrollerGenerals Report 185 5 Commissions or brokerage 228 069 29 6 Allowances to local agencies for miscellaneous agency ex Penses 369 53 7 Salaries 6026599 and expenses 2267229 of special and general agents 82938 28 8 Salaries fees and all other charges of officers directors trustees and home office employees 96 014 17 9 Rents 22433 85 10 Advertising 425707 printing and stationery 953356 13790 63 11 Postage telegrams telephone and express 13516 41 12 Legal expenses 3113 34 14 Maps including corrections 7 003 54 15 Underwriters boards and tariff associations 21835 51 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 11505 67 17 Inspections and surveys 6 781 77 20 State taxes on premiums 33 639 50 21 Insurance department licenses and fees 8417 24 22 All other licenses fees and taxes State licenses 1260 00 City and county licenses 6031 49 City and county taxes and fees 1416 15 Total 8707 64 23 Other disbursements 24 Remittances to home office 5855 94 25 Premium on surety bond of employees 729 33 26 Exchange 304 90 27 Subscription to periodicals 275 66 28 Commercial agency 1482 27 32 Total 8648 10 39 Gross loss on sale of maturity of ledger assets viz Bonds 2296 88 40 Gross decrease by adjustment in book value of ledger as sets viz Bonds 24238 75 41 Total disbursements 1379180 95 IVLedger Assets 4 Book value of bonds 1628168 67 7 Deposits in trust companies and banks on interest 51966 67 8 Agents balances representing business writ ten prior to October 1 1913 6735 36 16 Total ledger assets 1948608 74186 ComptrollerGeneeals Report NonLedger Assets 18 Interest accrued on bonds 23500 21 30 Gross assets 1972108 95 Deduct Assets Not Admitted 34 Agents balances representing busines writ ten prior to October 1 1913 6735 36 38 Book value of bonds over market value 21358 67 40 Total 28094 03 41 Total admitted assets 1944014 92 VLiabilities 2 Gross claims for losses in process of adjust ment or in suspense plus 1405050 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 141300 00 3 Gross claims for losses resisted 29300 00 4 Total 170600 00 5 Deduct reinsurance due or accrued 54145 00 6 Net amount of unpaid losses and claims 116455 00 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 237178705 unearned pre miums per recapitulation 1232415 29 17 Salaries rents expenses bills accounts fees etc due or ac crued 7500 00 18 Estimated amount hereafter payable for federal State and other taxes based upon the business of the year of this statement 27500 00 26 Total amount of all liabilities except capital 1383870 29 27 Deposit capital 200000 00 28 Surplus over all liabilities 360144 63 28 Surplus as regards policyhohlers 560144 63 30 Total liabilities 1944014 92 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31st day of December as per line li under this heading in hist years statement 269031945 3130285 45ComptrollerGenerals Report 187 2 Written or renewed during the year 190236873 2182546 38 3 Excess of original premiums over amount received for reinsurance 6874 36 4 Total 459268818 5319706 19 5 Deduct those expired and marked off as terminated 170346714 2037366 81 6 In force at the end of the year 288922104 3282339 38 7 Deduct amount reinsured 75182361 910552 33 8 Net amount in force 213739743 2371787 05 Business in the State of Georgia During the Year 27 Gross risks written 4004539 00 Less 964738 risks cancelled and 116678 reinsurance in companies authorized in Georgia 1 081416 00 Net risks written 2923123 00 28 Gross premiums on risks written 59 n 77 Less 924468 return premiums and 163991 premiums for reinsurance in companies authorized in Georgia 10 884 59 I Net permiums received 443 537 jg 29 Losses paid deducting salvage 29 169 44 30 Losses incurred 29 549 44 THE HANOVER FIRE INSURANCE COMPANY OF NEW YORK E Emory Warfield President Joseph McCord Secretary ICapital Stock 1 Amount of capital stock paid up in cash 1000000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 4789410 12 4 Extended at 4789410 12 IIIncome 5 Gross premiums 3803015 90 6 Deduct reinsurance premiums fire 723 71418 return premiums fire 550 44495 total 1274159 13188 ComptrollerGenerals Report 7 Total premiums other than perpetual 2528856 77 9 Gross interest on mortgage loans 175 00 11 Gross interest on bonds and dividends on stocks less 40613 accrued interest on bonds acquired during 1913 138788 97 12 Gross interest on deposits in trust com panies and banks 4328 57 13 Gross interest from all other sources 14 On daily deposit at Chicago office 158 68 16 Gross rents from companys property in cluding 1800000 for companys occu pancy of its own buildings 67993 59 17 Total gross interest and rents 211444 81 25 From agents balances previously charged off 374 07 26 Gross profit on sale or maturity of ledger assets viz Bonds 1196 25 28 Total income 2741871 90 IIIDisbursements 1 Gross amount paid polieyholders for losses including281507 55 occurring in pre vious years 1910412 30 2 Deduct amount received for salvage fire 850578 reinsurance fire 43599848 discount fire 109297 total 445597 23 9 10 11 12 13 14 15 16 17 Net amount paid polieyholders for losses 1464815 07 Expenses of adjustment and settlement of losses 109559 64 Commissions or brokerage 512369 58 Salaries 9002677 and expenses 3393088 of special and general agents 123957 65 Salaries fees and all other charges of officers directors trustees and home office employees 124146 61 Rents including 18000 for companys occupancy of its own buildings 25804 89 Advertising 1524045 printing and stationery 22 39753 total 37637 98 Postage telegrams telephone and express 24831 60 Legal expenses 761 08 Furniture and fixtures 2615 25 Maps including corrections 13006 95 Underwriters boards and tariff associations 12483 04 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 21146 96 Inspections and surveys 38191 75ComptrollerGenerals Report 189 18 Repairs and expenses other than taxes on real estate 25090 07 19 Taxes on real estate 15283 70 20 State taxes on premiums 46605 63 21 Insurance department licenses and fees 15073 92 22 All other licenses fees and taxes Federal corporation tax 712 04 Local state county and city licenses and fees 10824 80 23 Other disbursements Office furniture 7137 73 25 Commercial agency reports 2221 53 26 Bonds of cashiers 140 0 27 Insurance on office furniture 223 30 28 Auditing books 2300 00 34 Paid stockholders for interest or dividends amount de clared during the year 160000 00 38 Agents balances charged off 813 76 39 Gross loss on sale or maturity of ledger assets viz Bonds 5956 25 Stocks 11946 25 41 Total disbursements 2815657 03 TVLedger Assets 3 Book value of real estate 907956 06 2 Mortgage loans on real estate 3500 00 4 Book value of bonds 188830059 and stocks 121110376 total 3099404 35 5 Cash in companys office 2817 37 6 Deposits in trust companies and banks not on interest 28527 62 7 Deposits in trust companies and banks on interest 265787 17 8 Agents balances representing business written subsequent to October 1 1913 404672 83 9 Agents balances representing business written prior to Oct 1 1913 2959 59 16 Total ledger assets 4715624 99 NonLedger Assets 17 Interest accrued on mortgages 26630 77 23 Rents due on companys property or lease 1239 57 24 Total 27870 34 25 Market value of real estate over book value 221516 94 27 Other nonledger assets viz Unpaid reinsurance on paid losses 18825 53 30 Gross assets 4983837 80190 CompteolleeGenebals Eepoet Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 2959 59 38 Book value of ledger assets over market value 237645 35 41 Total admitted assets VLiabilities 1 Gross losses adjusted and unpaid 2 Gross claims for losses in process of ad justment or in suspense plus 2118488 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 3 Gross claims for losses resisted 4 Total 5 Deduct reinsurance due or accrued 70184 99 243718 98 23888 24 337792 21 88336 73 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance receiv ed or receivable upon all unexpired fire risks 518792317 unearned prem iums per recapitulation 2642121 89 249455 48 10 Total unearned premiums as computed above i 17 Salaries rents expenses bills accounts fees etc due or accrued 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 19 Contingent commissions or other charges due or accrued 21 Reinsurance and return premiums due other companies 23 All other liabilities viz Rents paid in advance 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 741304 63 2642121 89 9973 08 45000 00 6234 27 46468 01 2675 50 3001928 23 29 Surplus as regards policyholders 1741304 63 30 Total liabilities 4743232 86ComptrollerGenerals Report 191 VIRisks and Premiums Fire Bisks Premiums Thereon 1 In force on the 31 day of Dee as per line 6 under this heading in last years statement 591027629 33 6090397 52 2 Written or renewed during the year 362923103 00 3803015 90 3 Excess of original premiums over amount received for reinsurance 7 128 42 4 Total 953950732 33 9900541 84 5 Deduct those expired and marked off as trminated 347669627 33 3712776 64 6 In force at the end of the year606281105 00 6187765 20 7 Deduct amount reinsured 98961501 55 999842 03 8 Net amount in force 507319603 45 5187923 17 Business in the State of Georgia During the Year 27 Gross risks written 2629997 00 Less 59963400 risks cancelled and 3730000 reinsur ance in companies authorized in Georgia 636 934 00 Net risks written 3 28 Gross premiums on risks written Less 600195 return premiums and 84483 premiums for reinsurance in companies authorized in Georgia Net premiums received 29 Losses paid deducting salvage Less losses on risks reinsured in companies authorized in Georgia 1993063 00 41317 81 6846 78 34471 03 26127 45 951 09 Net losses paid 30 Losses incurred Less losses on risks reinsured in companies authorized in G eorgia Net losses incurred 25176 36 29034 47 1719 06 27315 36192 ComptrollerGenerals Report HARTFORD FIRE INSURANCE COMPANY R M Bissel President Fred k Samson and S E Locke Secretaries 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 26188520 04 4 Extended at26188 520 04 IIIncome Marine Fire and Inland 5 Gross premiums 21313778 90 1187219 52 6 Deduct Reinsurance fire 268280983 marine 23092418 return pre miums fire 2901 77368 marine and in land 23109571 total 5584583 51 462019 89 7 Total premiums other than perpetual 15729195 39 725199 63 16454395 02 9 Gross interest on mortgage loans 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks less 1518359 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust companies and banks 14 On certificate of deposit and interest on un paid premiums 16 Gross rents from companys property in cluding 3000000 for companys occu py ncy of its own buildings 27002 33 874 42 973932 57 15794 40 092 78 52048 16 17 Total gross interest and rents 1070344 66 18 From other sources 19 Conscience money 3 44 20 Premium on exchange of bonds 125 00 21 Dividend on liquidation Ontario Bank 866 66 23 Total 995 10ComptrollerGenerals Report 193 25 From agents balances previously charged off 1685 58 26 Gross profit on sale or maturity of ledger assets viz Bonds 5476 32 28 Total income 17532896 68 IIIDisbursements Fire Marine and Inland 1 Gross amount paid policy holders for losses in cluding 114808903 occurring in previous years 2 Deduct amount received for Salvage fire 73 98180 marine and in land 2159391 rein surance fire 1373 83212 marine and in land 13633238 total 9900507 79 517840 10 1447813 92 157926 29 3 Net amount paid policy holders for losses 8452693 87 360013 81 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 7 Salaries 43319112 and expenses 39491607 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Eents including 3000000 for companys occupancy of its own buildings 10 Advertising 7053038 printing and stationery 12951294 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 14 Maps including corrections 15 Underwriters boards and tariff associations Hi Fire depart fire patrol and salvage corps assessment s 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 18541 74 8812707 68 199284 34 3507167 11 828107 19 467240 03 94011 23 200043 32 108611 72 17230 02 26454 83 34746 14 217146 03 78594 98 54507 99 20594 41 12619 46 274293 32 52895 2019 23 24 25 26 27 28 29 32 34 37 38 39 40 41 1 2 3 4 5 6 7 8 9 11 4 ComptrollerGeneral County and municipal taxes and licenses 3 BePORT 61411 46 119567 00 199520 20 53261 51 800000 00 301470 00 4186 88 81526 64 88042 29 125 00 16452861 78 27268554 94 Total Other disbursements Pensions paid to employees Interest on reserve held for reinsurance comWater ice and toilet supplies 10791 10553 20072 3493 5929 2421 52 06 83 24 41 45 Insurance on companys property and inter Newspapers and periodicals Total Paid stockholders for interest or dividends amount declared during the year 80000000 Decrease in liabilities during the year on account of reinsur Gross loss on sale or maturity of ledger as 6515 F 65 Total Gross decrease by adjustment in book value of ledger as Total disbursements IVLedger Assets Mortgage loans on real estate first liens Loans secured by pledge of bonds stocks or 734219 453166 32500 22611247 821 127704 751645 24S4936 66392 5921 56 67 00 19 02 36 91 99 08 16 Book value of bonds 1959530467 and stocks 301594252 Deposits in trust companies and banks not Deposits in trust companies and banks on Agents balances representing business written subsequent to October 1 1913 Agents balances representing business written prior to October 1 1913 Bills receivable taken for lire risks ComptrollerGenerals Eeport 195 NonLedger Assets 17 Interest accrued on mortgages 4 260 76 18 Interest accrued on bonds 268 917 28 19 Interest accrued on collateral loans 737 50 23 Rents accrued on companys property or lease 315 85 24 Total 275231 39 25 Market value of real estate over book value 3380 44 30 Gross assets 27547166 77 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 66392 08 39 Bonds and stocks 954800 84 40 Total 1021192 92 41 Total admitted assets 26525973 85 VLiabilities 1 Gross losses adjusted and unpaid 462660 21 2 Gross claims for losses in process of adjust ment or in suspense plus 5000000 re served for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 1020491 46 3 Gross claims for losses resisted 126281 61 4 Total 1609433 28 5 Deduct reinsurance due or accrued 356459 09 6 Net amount of unpaid losses and claims 1 252 974 19 7 Gross premiums less reinsurance received and receivable upon all unexpired fire riskss 2771141461 unearned premiums per recapitulation 14481437 74 8 Gross premiums less reinsurance cash and bills received and receivable upon all un expired inland navigation risks 599 90956 unearned premiums fifty per cent 299954 78 10 Totalunearned premiums as computed above 14781392 52196 CoMPTROLLERGENERALs BePORT 17 Salaries vents expenses bills accounts fees etc due or ac crued 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 19 Contingent commissions or other charges due or accrued 20 Funds held under reinsurance treaties 24 Special reserve 25000 00 300000 00 50000 00 68085 01 500000 00 26 Total amount of all liabilities except capital 16977451 72 L7 Capital actually paid up in cash 2000000 00 28 Surplus over all liabilities 7548522 13 2 Surplus as regards policyholders 9548522 13 30 Total liabilities 26525973 85 VTBisks and Premiums Fire Risks Premium Thereon 1 Tn force on the 31st day of December as per line 6 under this heading in last years statement 2605708034 28410314 04 2 Written or renewed during the year 2034164688 21313778 90 3 Excess of original premiums over amount received for reinsurance 702545 03 4 Total 4639872722 50426637 97 5 Deduct those expired and marked off as terminated 1732330705 20217124 00 6 In force at the end of the year 2907542017 30209513 97 7 Deduct amount reinsured 275448227 2498099 36 8 Net amount in force 2632093790 27711414 61 Business in the State During the Year 27 Gross risks written 28541856 00 Less 5151609 risks cancelled and 256800 reinsurance in companies authorized in Georgia 5332729 00 Net risks written 23209127 00 28 Cross premiums on risks written 441678 25 Loss 6525962 returned premiums and 305235 premiums for reinsurance in companies authorized in Georgia 65952 16 Net premiums received 375726 09ComptrollerGexerals Report 197 29 Losses paid deducting salvage 287 430 93 Less losses on risks reinsured in companies authorized in Georgia 5j924 77 Net losses paid 281506 16 30 Losses incurred 292481 93 Less losses on risks reinsured in companies authorized in Georgia 18457 18 Net losses incurred 274 024 75 THE HOME INSURANCE COMPANY OF NEW YORK Elbridge G Snow President Charles L Tyner Secretary ICapital Stock 1 Amount of capital stock paid up in cash 6000000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 33773527 89 3 Increase of paid up capital during the the year 3000000 00 4 Extended at 36773527 89 IIIncome Fire Marine Inland 5 Gross premiums 19733242 76 1471057 11 6 Deduct reinsurance prem iums fire 340879749 marine and inland 376 72137 return premiums fire 257754713 ma rine and inland 237 79916 total 5986344 62 614520 53 7 Total premiums other than perpetual 13746898 14 856536 58 14603434 72 9 Gross interest on mortgage loans 1096 80 11 Gross interest on bonds and dividends on t stocks less 1496202 accrued interest on bonds acquired during 1913 1385405 21 12 Gross interest on deposits in trust com panies and banks 21643 52198 CompteolleeGeneeals Bepoet 14 Miscellaneous including interest on agents balances 2856 20 17 Total gross interest and rents 1411001 73 19 Profit and loss items Income from unlisted securities 381 02 21 Rents real estate previously owned 915 54 25 From agents balances previously charged off 58 09 26 Gross profit on saleor maturity of ledger assets viz Bonds 11680 00 Stocks 38852 00 28 Total income 16066323 10 IIIDisbursements 1 Gross amount paid policy holders for losses in cluding 131377352 oc curring in previous years 9677111 04 2 Deduct amount received for salvage fire 39 91858 marine and in land 2118382 rein surance fire 2354 99171 marine and in land 19150687 2394910 29 511100 13 212690 69 3 Net amount paid policy holders for losses 7282233 75 298409 44 7580643 19 4 Expenses of adjustment and settlement of losses 169023 59 5 Commissions or brokerage 3019640 12 6 Allowances to local agencies for miscellaneous agency expenses 4223 78 7 Salaries 34579684 and expenses 140568 52 of special and general agents 486365 36 8 Salaries fees and all oilier charges of officers directors trustees and home office employees 484694 09 9 Rents 140807 52 10 Advertising 10366275 printing and stationery 20 28100 313943 75 11 Postage telegrams telephone and express 107301 30 12 Legal expenses 7518 67 13 Furniture and fixtures 22543 84 II Maps including corrections 19906 12 15 Underwriters boards and tariff associations 120036 72 16 Fire department fire paired and salvage corps assess ments fees taxes and expenses 48747 6QCoMPTROLLERGrENERALs REPORT 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 23 Other disbursements Traveling expenses 25 Exchange 26 Lunch for officers and home office employees 27 Miscellaneous 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 Stocks 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 41 Total disbursements IVLedger Assets 2 Mortgage loans on real estate 10800 00 4 Book value of bonds 1704779232 and stocks 1356160837 total 30609400 69 6 Deposits in trust companies and banks not on interest 41476 53 7 Deposits in trust companies and banks on interest 1768708 82 8 Agents balances representing business written subsequent to October 1 1913 2493651 46 9 Agents balances representing business written prior to Oct 1 1913 98738 46 11 Bills receivable taken for fire risks 121151 71 199 96051 16 311666 71 57822 16 23900 23 7301 43 20498 85 41719 51 1244 41 4200000 00 3968 53 19402 50 384105 93 2846 25 17695923 32 16 Total ledger assets 35 143 927 67 NonLedger Assets 20 Interest accrued on bonds 244 719 00 24 Total 30 Gross assets 244719 00 35388646 67 34 Agents balances representing business written prior to Oct 1 1913 Deduct Assets Not Admitted 98738 46200 ComptrollerGenerals Report 35 Bills receivable past due taken for ma rine inland and fire risks 121151 71 38 Book value of ledger assets over market value viz Stocks 1005588 37 10 Bonds 1023252 32 Total 2248730 86 41 Total admitted assets 33139915 81 Vliabilities 1 Gross losses adjusted and unpaid 236688 00 2 Gross claims for losses in process of ad justment or in suspense plus 10000000 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 1742299 93 3 Gross claims for losses resisted 76172 00 4 Total 2055159 93 5 Deduct reinsurance due or accrued 870 900 03 6 Net amount of unpaid losses and claims 1784259 90 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired tire risks 2485088000 unarned prem iums per recapitulation 13041198 00 8 Gross premiums less reinsurance cash and bills received and receivable upon nil unexpired inland navigation risks 65599000 unearned premiums fifty per cent l27995 00 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 7878300 unearned premiums 100 per cent 78783 00 10 Total unearned premiums as computed above 13447976 00 17 Salaries rents expenses bills accounts fees etc due or accrued 100000 00 18 Estimated amount hereafter payable for federal state and oilier taxes based upon the business of the year of this statement 200000 00 21 Reinsurance and return premiums due other companies 334660 22 24 Reserve as a conflagration surplus 1800000 00 26 Total amount of all liabilities except capital 17066896 12ComptrollerGenerals Report 201 27 Capital actually paid up in cash 6000000 00 28 Surplus over all liabilities 10073019 69 29 Surplus as regards policyholders 16073019 69 30 Total liabilities 33139915 81 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of Dec as per line 6 under this heading in last years statement 2701773392 26495135 00 2 Written or renewed during the year 2068125889 19733242 76 3 Excess of original premiums over amount received for reinsurance 332454 83 4 Total 4769899281 46560832 59 5 Deduct those expired and marked off as terminated 1790789573 17792844 59 6 In force at the end of the year 2979109708 28767988 00 7 Deduct amount reinsured t 443878149 3917108 00 8 Net amount in force 2535231559 24850880 00 Business in the State of Georgia During the Year 27 Gross risks written 21431683 00 Less 2675325 risks cancelled 2616300 00 Net risks written 18815383 00 28 Gross premiums on risks written 303349 27 Less 3732404 return premiums 37237 58 Net premiums received 266111 69 29 Losses paid deducting salvage 212968 11 30 Losses incurred 234103 93202 ComptbollerGenerals Eepobt INSURANCE COMPANY OF NORTH AMERICA PHILADELPHIA PENNSYLVANIA Eugene L Ellison President T Houard Wright Secretary ICapital Stock 1 Amount of capital stock paid up in cash 4000000 00 2 Amount of ledger assets as per balance December 31 of previous year 17778024 28 4 Extendedat 17778024 28 IIIncome 5 Gross premiums 13452791 49 6 Deduct Reinsurance premiums tire 1 23205918 marine and inland 1178 38060 return premiums fire 1236 47252 marine and inland 41175571 total 4058668 01 7 Total premiums other than perpetual 8 Deposit premiums written on perpetual risks gross 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on storks less 925747 accrued interest on bonds acquired during 1913 12 Gross interest on deposit in trust companies and banks 13 Gross interest from all other sources 14 Branch office bank balances 15 Deferred settlements 16 Gross rents from companys property in cluding 1000000 for companys occu pancy of its own buildings 9394123 48 11661 01 13461 99 628672 52 23345 28 223 61 1 31 15213 50 17 Total gross interest and rents 18 From other sources 19 Perpetual permits transfer fees and earned deposits 20 Refunded paying assessment against Chi cago property 21 Differences in exchange 22 Refunded mortgage expense previously paid 680922 21 3247 73 17 28 1283 88 520 85 23 Total 5069 74CoMPTROLLERGtENERAls REPORT 203 25 From agents balances previously charged off 1235 23 26 Gross profit on sale or maturity of ledger assets viz Bonds 3888 82 28 Total income 10096900 49 IIIDisbursements 1 Gross amount paid polieyholders for losses 7059844 27 2 Deduct amount received for Salvage fire 1885153 marine and inland 386 58282 reinsurance fire 66443735 marine and inland 65782702 total 1727698 72 3 Net amount paid polieyholders for losses 5332145 55 4 Expenses of adjustment and settlement of losses 86533 79 5 Commissions or brokerage 1936199 81 6 Allowances to local agencies for miscellaneous expenses 292082 18 7 Salaries 34140348 and expenses 12478615 of special and general agents 466189 63 8 Salaries fees and all other charges of officers directors trustees and home office employees 198666 75 9 Rents including 100000 for companys occupancy of its own buildings 52666 14 10 Advertising 2589530 printing and stationery 79 80556 total 105700 86 11 Postage telegrams telephone and express 58010 46 12 Legal expenses 19193 49 13 Furniture and fixtures 8580 12 14 Maps including corrections 21071 54 15 Underwriters boards and tariff associations 66455 21 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 39738 25 17 Inspections and surveys 50009 78 18 Repairs and expenses other than taxes on real estate 5423 24 19 Taxes on real estate 4232 51 20 State taxes on premiums 186354 33 21 Insurance department licenses and fees 38445 87 22 All other licenses fees and taxes Federal corporation tax 10364 91 Arkansas franchise tax 200 00 Pennsylvania tax on capital stock 22414 66 Municipal licenses 20673 00 Total 53652 57 23 Other disbursements 24Janitor and engine room expenses 1387 26 25 Heat and light 1433 96 26 Employees lunches 7300 37204 ComptrollerGenerals Report 27 Registration of stock 100 00 28 Subscriptions 4 731 99 29 Expenses on mortgage loans 75 00 30 Contribution to gratuity and relief fund 25000 00 31 Total 40028 58 33 Deposit premiums returned 20 687 31 34 Paid stockholders for interest or dividends amount declared during the year 48000000 480000 00 38 Agents balances charged off 2 765 62 39 Gross loss on sale or maturity of ledger as sets viz Real estate i611 45 Bonds 943 75 Stocks 8287 62 Total 10842 82 40 Gross decrease by adjustment in book value of ledger assets viz Real estate 20000 00 Bonds 240 69 Total 20240 69 41 Total disbursements4 9 595 917 jq IVLedger Assets 1 Book value of real estate 235 300 00 2 Mortgage loans on real estate first liens 243375 00 4 Book value of bonds 1294336392 and stocks 223282748 15176191 40 5 Cash in companys office o 073 19 6 Deposits in trust companies and banks not on interest 25 000 00 7 Deposits in trust companies and banks on interest 991456 07 8 Agents balances representing business writ ten subsequent to October 1 1913 1539694 00 9 Agents balances representing business writ ten prior to October 1 1913 14 843 49 10 Bills receivable taken for marine and inland risks 15422 9 11 Bills receivable taken for fire risks 35 65 53 Hi Total ledger assets 18i279007 67ComptrollerGeneral s Report 205 NonLedger Assets 17 Interest due 10312 and accrued 186150 on mortgages 1964 62 20 Interest accrued on bonds 142624 85 24 Total 144589 47 28 Salvage claims 57400 00 30 Gross assets 18480997 14 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 14843 49 35 Bills receivable past due taken for marine inland and fire risks 144 00 39 Bonds and stocks 585887 42 40 Total 600874 91 41 Total admitted assets 17880122 23 VLiabilities 1 Gross losses adjusted and unpaid 141446 28 2 Gross claims for losses in process of adjust ment or in suspense plus 5000000 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 1331599 49 3 Gross claims or losses resisted 47854 23 4 Total 1520900 00 5 Deduct reinsurance due of accrued 135237 67 6 Net amount of unpaid losses and claims 1385662 33 7 iross premiums less reinsurance received and receivable upon all unexpired Are risks 1217637795 unearned premiums per recapitulation 6287905 40 8 ross premiums less reinsurance cash and bills received and receivable upon all un expired inland navigation risks 769 70263 unearned premiums fifty per cent 385563 19 9 Gross premiums less reinsurance cash and206 ComptrollerGenerals Report bills received and receivable upon all unexpired marine risks 66579880 unearned premiums 50 and 100 per cent 371390 36 7044859 25 720678 35 100000 00 628922 30 10 Total unearned premiums as computed above 11 Amount reelaimable by the insured on perpetual fire insurance policies being 90 and 95 per cent of the premium 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this 26 Total amount of all liabilities except capital 28 Surplus over all liabilities 4 000 000 00 9880122 23 8000000 00 29 Surplus as regards policyholders 30 Total liabilities 17880122 23 liums Thereon 13141870 34 8699352 35 VIRisks and Premiums Fire Risks Pren 1 In force on the 31st day of December as per line 0 under this heading in last 2 Written or renewed during the year 778099 901 21841222 09 8096068 43 5 Deduct those expired ami marked off as 6 In force at the end of the year 1 246 807 64 13745154 26 1568776 31 7 Deduct amount reinsured Ill ii 310 8 Net amount in force l 004 K44 130 12176377 95 premiums on r 45238186 00 3520330 00 9 Perpetual risks not included above 3066013844 Deposit same 79526453 Business in The State of Georgia During The Yea 27 Gross risks written Less 2347330 risks cancelled and 1172994 reinsurance in companies authorized in Georgia Net risks written 11717856 00 ComptrollerGenerals Report 28 Gross premiums on risks written Less 5011589 return premiums and 1512395 premiums for reinsurance in companies authorized in Georgia Net premiums received 29 Losses paid deducting salvage Less losses on risks reinsured in companies authorized in Georgia Net losses paid 30 Losses incurred Less losses on risks reinsured in companies authorized in Georgia Net losses incurred 207 414410 66 65239 84 349170 82 147787 87 15404 72 132383 15 164246 92 14103 54 150143 38 THE INSTJBANCE COMPANY OF THE STATE OF PENNSYLVANIA PHILADELPHIA PENNSYLVANIA Gustavus PemaU Jr President Edward L Gaff Secretary D I Mclntyre Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 1000000 00 2 Amount of ledger assets as per balance Dec S1 of previous year 3755864 88 3 Increase of paid up capital during the 200000 00 4 Extended at 3955864 88 IIIncome Fire Marine i inland 5 Grow premiumsS9iSS75 62 422611 94 6 Deduct reinsurance prem iums fire 116507205 marine and inland 6 81817 return premiums fire 90141200 marine and inland 11684872 2087884 71 123166 89 7 Total premiums other than perpetual 1846496 88 299445 05 2145935 93208 ComptkollekGenekax s Eepokt 8 Deposit premiums written on perpetual risks gross 9 Gross interest on mortgage loans 2879 99 1 i Gross interest on bonds and dividends on stocks less 85664 accrued interest on bonds acquired during 1913 127592 02 12 Gross interest on deposits in trust com panies and banks 1487 91 13 Gross interest from all other sources 14 Philadelphia Underwriters Association deposit 3 15 16 Gross rents from companys property 12328 46 5897 34 17 Total gross interest and rents 18 Prom other sources Assests of American Fire Insur ance Co merged with this company Dec 19 1913 less capital of 20000000 reported above perpetual policy deposits forfeited 26 Gross profit on sale or maturity of ledger assets viz Bonds 144291 53 375879 29 35 00 28 Total income 2672039 09 IIIDisbursements Fire 1 Gross amount paid policy holders for losses in cluding 22776712 oc curring in previous years 2195489 58 2 Deduct amount received for salvage fire 8 67779 marine and in land 27115 reinsur ance fire 83699898 marine and inland 6 It51 discount fire 214798 total 84782 I 75 Marine Inland 66957 15 918 66 Net amount paid policy holders for losses1347664 83 66138 I 1113703 32 1 Expenses of adjustment and settlement of losses 33787 06 5 Commissions or brokerage 510 797 61 6 Allowances to local agencies for miscellaneous agency exposes 8363 84 7 Salaries 4563682 and expenses 3491567 of special and general agents 80552 49 S Salaries fees and all other charges of officers directors trustees and home office employees no 742 74ComptbollebGeneral s Report 209 9 Eents 10 Advertising 366384 printing and stationery 9057 48 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 14 Maps including corrections 15 Underwriters boards and tarifl 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 Capital stock tax 23 Other disbursements Sale of mortgage 25 Ice water 26 Safe Deposit Box 27 Fidelity Board 28 Traveling expenses 29 Conflagration indemnity 33 Deposit premiums returned 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 Stocks 5590 00 12721 32 7338 25 3046 03 1709 45 6743 44 17829 79 18000 48 10967 97 7109 02 3098 12 57737 85 14363 00 5855 68 66 00 265 47 250 00 298 11 2918 66 1000 00 15919 49 64163 88 268 71 6412 50 244 13 41 Total disbursements 2 421 864 41 IVLedger Assets 1 Book value of real estate 413758 49 2 Mortgage loans on real estate 534 50 4 Book value of bonds 183765770 and stocks 123804936 total 3075707 06 5 Cash in companys office 18857 62 7 Deposits in trust companies and banks on interet 146526 96 8 Agents balances representing business written subsequent to October 1 1913 490310 22 9 Agents balances representing business written prior to Oct 1 1913 5887 96 12 Other ledger assets viz Deposit premium reclaimable on perpetual policy 1541 25 16 Total ledger assets 4206089 56210 ComptrollerGenekals Report NonLedger Assets 17 Interest and accrued on mortgages 681 71 20 Interest accrued on bonds 25864 14 23 Rents accrued on companys property or lease 134 00 24 Total 26679 85 30 Gross assets 4232719 41 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 5887 96 38 Market value of ledger assets over market value viz Real estate 36444 30 40 Stocks and bonds 183734 06 Total 226066 32 41 Total admitted assets 4006653 09 VLiabilities 1 Gross losses adjusted and unpaid 2 Gross claims for losses in process of ad justment or in suspense plus 2000000 reserve for losses incurred prior to Bee 31 of which no notice had been receiv ed on that date 3 Gross claims for losses resisted 4 Total 5 Deduct reinsurance due or accrued 66518 77 335552 54 73868 37 475939 68 151733 20 6 Net amount of unpaid losses and claims 325206 48 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 303896258 unearned prem iums per recapitulation 1579738 64 8 Gross premiums less reinsurance cash md bills received and receivable upon all unexpired inland navigation risks 28491020 unearned premiums fifty per cent 142455 10 10 Total unearned premiums as computed above 1722193 74ComptrollerGenerals Report 211 11 Amount reclaimable by the insured on perpetual fire in surance policies being 90 and 95 per cent of the prem ium or deposit received 14 Principal unpaid on scrip or certificate of profits author ized or ordered to be redeemed 16 Dividends declared and unpaid to stockholders 17 Salaries rents expenses bills accounts fees etc due or accrue 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 19 Contingent commissions or other charges due or accrued 535826 27 33012 03 973 05 1667 12 35500 00 4500 00 26 Total amount of all liabilities except capital 2 658 878 69 27 Capital actually pai dup in cash 1000000 00 28 Surplus over all liabilities 347 774 40 29 Surplus as regards policyholders 1 347 774 40 30 Total liabilities 4006653 09 VIRisks and Premiums Fire Fisks Premiums Thereon 1 In foTce on the 31 day of Dec as per line 6 under this heading in last years statement 383259412 66 4559252 52 2 Written or renewed during the year 331545734 56 3913875 62 4 Total 714805147 22 8473128 14 5 Deduct those expired and marked off as terminated 322651869 41 4027281 53 6 In force at the end of the year392153277 81 4445846 61 7 Deduct amount reinsured 113365553 75 1406884 03 8 Net amount in force 278787724 06 3038962 58 9 Perpetual risks not inclueded above 2407932300 de posit premiums on same 587 012 04 Business in the State of Georgia During the Year 27 Gross risks written 2945139 00 Less 86724800 risks cancelled and 25722600 reinsur ance in companies authorized in Georgia 1 124 514 00 Net risks written 1820 625 00 28 Gross premiums on risks written 39350 95212 ComptrollerGeneral s Report Less 96983000 return premiums and 324658 prem iums for reinsurance in companies authorized in Georgia 12944 88 Net premiums received 26406 07 29 Losses paid deducting salvage 21617 30 Net losses on risks reinsured in companies authorized in Georgia 7711 53 Net losses paid 13905 77 30 Losses incurred 25436 60 Net losses on risks reinsured in companies authorized in Georgia 10056 87 Net losses incurred 15379 13 THE LIVERPOOL AND LONDON AND GLOBE INSURANCE COM PANY LIMITED OF ENGLAND Henry W Eaton Manager in U S George W Hoyt Deputy Manager ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 13922575 28 IIIncome 3 Gross premiums lire 1451369788 ma rine 99670492 total 15510402 80 4 Deduct reinsurance premiums fire 3634 49324 marine and inland 8768652 return premiums 264145121 marine and inland 23777725 total 6601408 22 7 Total premiums other than perpetual s Deposit premiums written on perpetual risks gross 9 iross interest en mortgage loans 136176 09 10 Gross interest on collateral loans 6 00 11 Iross interest on bonds and dividends on stocks less 662831 accrued interest on bonds acquired during 1913 2642sf ST 12 iross interest on deposits in trust companies and banks 17447 55 8908994 58 7635 56CompteollebGeneeals Repoet 213 14 Interest on farm notes 16 Gross rents from companys property in cluding 26250 for companys occupancy of its own buildings 563 48 92144 15 17 Total gross interest and rents 19 Premiums on life policies in force 24 Remittance from home office 27 Gross profit on sale of maturity of ledger assets viz Stocks 28 Gross increase by adjustment in book value of ledger as sets viz Bonds 510624 14 160 68 19918 34 1082 38 2087 47 29 Total income 9445503 15 IIIDisbursements Gross amount paid policyholders for losses including 96067835 occurring in pre vious years fire 660963589 marine 41223307 total 7021868 96 Deduct amount received for Salvage fire 7118221 marine and inland 5416 reinsurance fire 222930828 marine and inland 8353039 total 2389436 88 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 ex penses 7 Salaries 14263763 and expenses 9408079 of special and general agents 8 Salaries fees and all other charges of officers directors trusteees and home office employees 9 Rents including 2625000 for companys occupancy of its own buildings 10 Advertising 4257134 printing and sttaionery 4947474 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 assessments 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 4632432 08 108241 51 1796202 76 376 16 236718 42 362596 26 61032 14 92046 28 36952 27 2631 30 28766 73 12179 05 113681 14 41949 82 42417 91 74574 38 23303 55 108559 13214 ComptrollerGenerals Report 21 Insurance department licenses and fees 18470 04 22 All other licenses fees and taxes Federal corporation tax 8150 76 Local taxes 48465 48 Total 56616 24 23 Other disbursements Office Expenses 37311 00 25 Life 5 17 26 Total 37316 17 33 Deposit premiums returned 8139 4L 38 Agents balances charged off 38 Remitted to home office 810153 12 39 Gross loss on sale or maturity of ledger assets viz Bonds 431 27 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 9470 97 Stocks 1082 38 Total 10553 25 41 Total disbursements 8716796 45 IVLedger Assets 1 Book value of real estate 1258191 85 2 Mortgage loans on real estate 3232864 00 3 Loans secured by pledge of bonds stocks or other collateral 100 00 4 Book value of bonds 545164164 and stocks 135010504 6801741 72 5 Cash in company s office 2198 75 6 Deposit in trust companies and banks not on interest 66684 69 7 Deposits in trust companies and banks on interest 1051741 58 8 Agents balances representing business writ ten subsequent to October 1 1913 2169780 36 9 Agents balances representing business written prior to Oct 1 1913 65843 68 12 Other ledger assets 2130 35 16 Total ledger assets 14651281 98 NonLedger Assets 17 Interest due 1851825 and accrued 35 287 on mortgages 53805 30ComptrollerGenerals Report 215 18 Interest accrued on bonds gg ggg 15 20 Interest accrued on other assets 188 94 23 Rents accrued on companys property or Iease 10000 00 It l0tf 130083 35 25 Market value of real estate over book value 138 200 37 30 Gross assets 14919565 70 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 65843 68 35 Bills receivable past due taken for marine inland and fire risks 2 130 35 39 Mortgages over amount allowed by law New York State 34668 00 40 Bonds 38638164 stocks 16669508 553076 72 Total 655718 75 41 Total admitted assets 24 9g3 gg nc VLiabilities 1 Gross losses adjusted and unpaid due 59 75061 not yet due 254081 62291 42 2 Gross claims for losses in process of adjust ment or in suspense plus 6625000 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 1427924 38 3 Gross claims for losses resisted 113 981 00 4 Total 1604196 80 5 Deduct reinsurance due or accrued 742280 19 6 Net amount of unpaid losses and claims 861 916 61 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 1506840539 unearned premiums per recapitulation 7888449 27 1933 premiums 100 per cent 142296 53 8 Gross premiums less reinsurance cash and bills received and receivable upon all un expired inland navigation risks 582 60881 unearned premiums fifty per cent 291304 41216 ComptrollerGenerals Keport 9 Gross premiums less reinsurance cash and bills received and receivable upon all un expired marine risks 57290 unearned premiums 100 per cent 572 90 10 Total unearned premiums as computed above 8322623 11 11 Amount reclaimed by the insured on perpetual fire insur ance policies being 95 per cent of the premium or de posit received 181299 01 12 Net premium reserve and all other liabilities except capital under the life insurance or any other spe cial department 4578 77 17 Salaries rents expenses bills accounts fees etc due or accrued 5491 29 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 186721 26 19 Contingent commissions or other charges due or accrued 50000 00 23 All other liabilities 20000 00 26 Total amount of all liabilities except capital 9632630 05 29 Surplus as regards policyholders 4631216 90 30 Total liabilities 14263846 95 VIRisks and Premiums Fire isks Premiums Thereon 1 In force on the 31st day of December as per line 5 under this heading in last years statement 1992548075 20262439 25 2 Written or renewed during the year 1503201050 14513697 88 4 Total 3495749125 24776137 13 5 Deduct those expired and marked off as terminated 1406482757 14151433 74 6 In force at the end of the year 2089266368 20624703 39 7 Deduct amount reinsured 592627092 5416001 47 8 Net amount in force 1496639276 15208701 92 9 Perpetual risks not included above 6002256 Deposit premiums on same 19084106 Business in the State of Georgia During the Year 27 Gross risks written 21203980 00 Less 4640360 risks cancelled and 378535 reinsurance in companies authorized in Georgia 5018895 00ComptrollerGeneral s Report 217 Net risks written 16185085 00 28 Gross premiums on risks written 324038 66 Less 5766209 return premiums and 372299 premiums for reinsurance in companies authorized in Georgia 61385 68 Net premiums received 262652 98 29 Losses paid deducting salvage 181526 33 Less losses on risks reinsured in companies authorized in Georgia 4857 78 Net losses paid 176668 35 30 Losses incurred 204584 58 Less losses on risks reinsured in companies authorized in Georgia 13191 78 Net losses incurred 191392 80 THE LIVERPOOL AND LONDON AND GLOBE OF NEW YORK Henry W Eaton President George W Hoyt Secretary Home Office 80 William Street New York B P Walker Jr Atttorney for Service ICapital Stock 1 Amount of capital stock paid up in cash 200000 00 2 Amount of ledger assets as per balance December 31 of previous year 1024711 01 4 Extended at 1024711 01 IIIncome 5 Gross premiums fire 75658777 marine 9018304 total 6 Deduct reinsurance premiums fire 311 67836 marine and inland 2903555 return premiums fire 18053338 marine and inland 2984918 846770 81 551096 46 7 Total premiums other than perpetual 295674 35 11 Gross interest on bonds and dividends on stocks less 150 accrued interest on bonds acquired during 1913 31372 25218 ComptrollerGenerals Eeport 12 Gross interest on deposits in trust companies and banks 3581 29 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 as sets viz Bonds 28 Total income 34953 54 142 40 87 13 330857 42 IIIDisbursements 1 Gross amount paid policyholders for losses including 2165344 occurring in pre vious years fire 27296040 marine 3014383 total 303104 23 2 Deduct amount received for salvage fire 237272 reinsurance fire 16104730 marine and inland 2958083 total 193000 85 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 121549 printing and stationery 349780 11 Postage telegrams telephone and express 12 Legal expenses 15 Underwriters boards and tariff associations 16 Fire department fire patrol and salvage corps assessments 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 433 gg Local taxes 4 q jg Total 23 Other disbursements 24 Traveling 145 0Q 25 Exchange 446 18 26 Office expenses 78 60 27 Total 34 Paid stockholders for interest or dividends amount declared during the year 15000 110103 38 5741 09 38993 96 8358 93 4713 29 1493 22 168 65 2637 61 663 98 1767 02 7425 95 1894 29 4615 00 669 78 15000 00ComptrollerGenerals Report 219 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 717 77 Stocks 142 40 Total 860 17 41 Total disbursements 205106 32 IVLedger Assets 4 Book Value of bonds 41209272 and stocks 36409253 total 776184 80 6 Deposits in trust companies and banks not on interest 24514 42 7 Deposits in trust companies and banks on interest 215946 14 8 Agents balances representing business writ ten subsequent to October 1 1913 132192 60 P Agents balances representing business writ ten prior to October 1 1913 1624 15 16 Total ledger assets 1150462 11 NonLedger Assets 201 Interest accrued 4767 50 24 Total 1155229 61 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 1624 15 38 Book value of ledger assets over market value viz 39 Bonds 30802 27 40 Stocks 42092 53 Total 74518 95 41 Total admitted assets 1080710 66 VLiabilities 2 Gross claims for losses in process of adjust ment or in suspense plus 300000 reserve220 ComptrollerGeneral s Eeport for losses incurred prior to December 31 of which no notice had been received on that date 76130 00 4 TotaI 76130 00 5 Deduct reinsurance due or accrued 49 117 00 6 Net amount of unpaid losses and claims 27 013 00 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 49788006 unearned premiums per recapitulation 265248 36 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 33 91695 unearned premiums fifty per cent 16958 48 10 Total unearned premiums as computed above 282 206 84 17 Salaries rents expenses bills accounts fees etc due or accrued 7500 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 0913 50 ll ontingent commissions or other charges due or accrued 10000 00 26 Total amount of all liabilities except capital 332 633 34 27 Capital actually paid up in cash 200 000 00 28 Surplus over all liabilities 548 077 32 29 Surplus as regards polieyholders 748 077 32 30 Total liabilities 1080710 66 VIRisks and Premiums lire Bisks Premiums Thereon 1 In force on the sist day of December as per line 6 under this heading in last years statement 78549788 887838 28 2 Written or renewed during the year 71641065 756 587 77 3 Excess of original premiums over amount received for reinsurance 7 o 4 Total 150190793 1661827 40 5 Deduct those expired ami marked off as Urminated 59050717 674291 49ComptrollerGenerals Report 221 6 In force at the end of the year 91140076 987535 91 7 Deduct amount reinsured 45266790 489646 85 8 Net amount in force 45873286 497889 06 Business in The State of Georgia During the Year 27 Gross risks written 2047184 00 Less 496514 risks cancelled and 755658 reinsurance in companies authorized in Georgia 1252172 00 Net risks written 795012 00 28 Gross premiums on risks written 2511431 Less 479000 return premiums and 817088 premiums for reinsurance in companies authorized in Georgia 12960 98 Net premiums received 12153 33 29 Losses paid deducting salvage 5172 92 Less losses on risks reinsured in companies authorized in Georgia 6648 23 Net losses paid 3524 69 30 Losses incurred 3997 30 Less losses on risks reinsured in companies authorized in Georgia 520 46 Net losses incurred 3476 54 LONDON ASSURANCE COEPOEATION OF LONDON ENGLAND United States Manager Charles L Case Chas P Glover Atlanta Attorney for Service ICapital Stock 1 Deposit capital pursuant to laws of Illinois deposited in 665000 00 2 Amount of ledger assets as per balance December 31 of previous years 3953958 81 IIIncome 3 Gross premiums 4640136 30 4 Deduct reinsurance premiums fire 682222 ComptrollerGenerals Report 43123 marine and inland 73210025 retnrn premiums fire 55432071 ma rine and inluntl 3238454 total 2001236 73 7 Total premiums other than perpetual 2638899 57 11 Gross interest on bonds and dividends on stocks less 256071 accrued interest on bonds acquired during 1913 13077423 12 Gross interest on deposits in trust com panies and banks 4454 18 14 On agents balances 311 53 17 Total gross interest and rents 135539 94 24 Remittances from home office 92626 84 26 From agents balances previously charged off 4 14 27 Gross profits on sale or maturity of ledger assets viz Bonds 328 12 29 Total Income 2867398 61 IIIDisbursements 1 Gross amount paid policyholders for losses including 41923940 occurring in pre vious years 1947599 18 2 Deduct amount received for salvage fire 528397 marine and inland 67 42653 reinsurance fire 27940169 marine and inland 26690162 discount fire 39382 total 619407 63 3 Net amount paid policyholders for losses 1328191 55 4 Expenses of adjustment and settlement of losses 36757 27 5 Commissions or brokerage 559 703 00 7 Salaries 4135828 and expenses 3872M6 of special special and general agents 80078 71 8 Salaries fees and all other charges of officers directors trustees and home office employees 160 016 30 9 Rents 25 209 3 10 Advertising 989931 printing and stationery 2419192 3409 2 11 Postage telegrams telephone and express 21366 44 12 Legal expenses qob 07 13 Furniture and fixtures 1 55I 19 14 Maps including corrections 8 272 39 15 Underwriters boards and tariff associations 32734 40 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 21468 69 17 Inspections and surveys j0 454 04ComptrollerGenerals Report 223 20 State taxes on premiums 51129 27 21 Insurance department licenses and fees 12295 22 22 All other licenses fees and taxes Federal corporation tax 7915 93 City and county licenses 5991 03 Local taxes and fees 1232 47 23 Other disbursements Miscellaneous expenses 14169 92 25 Remitted to home office 398927 66 38 Agents balances charged off 1445 33 39 Gross loss on sale or maturity of ledger assets viz Bonds 10283 54 41 Total disbursements 2824392 10 IVLedger Assets 4 Book value of bonds 324575333 and stocks 5417125 total 3299924 58 5 Cash in companys office 1963 72 6 Deposit in trust companies and banks not on interest 4753 94 7 Deposits in trust companies and banks on interest 212234 24 8 Agents balances representing business written subsequent to Oct 1 1913 463048 61 9 Agents balances representing business written prior to Oct 1 1913 15040 23 16 Total ledger assets 3996965 32 NonLedger Assets 18 Interest accrued on bonds 43844 97 24 Total 43844 97 28 Due from other companies for reinsurance on losses al ready paid expenses 862 88 30 Gross assets 4041673 17 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 15040 23 38 Book value of ledger assets over market value viz Bonds and stocks 212249 58 40 Total 227289 81 41 Total admitted assets 3814383 36224 ComptrollerGenerals Report VLiabilities 1 Gross losses adjusted and unpaid due 39 ill25 not yet due 575900 2 Gross claims for losses in process of ad justment or in suspense plus 298000 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 3 Gross claims for losses resisted 4 Total 5 Deduct reinsurance due or accrued 45236 25 518180 00 29796 00 593212 25 253394 81 6 Net amount of unpaid losses and claims 339817 44 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired Are risks 400284824 unearned prem iums per recapitulation 2107650 97 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired navigation risks 02 53233 unearned premiums fifty per cent ui i 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired risks 10315490 unearned premiums 51 pre cent 5157748 58 14631 unearned premiums 100 per cent 5814631 total 109723 79 10 Total unearned premiums as computed above 2248640 92 17 Salaries rents expenses bills accounts fees etc due or accrued 7050 00 IS Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement j3 444 117 19 Contingent commissions or other charges due or accrued 18508 79 26 Total amount of all liabilities except capital 2677 662 12 27 Deposit capital actually paid Dp in cash 200000 00 28 Surplus over ail liabilities 986721 2 29 Surplus as regards policyholders 1 136 72 24 30 Total liabilities 3814383 36ComptrollerGeneral s Report 225 VIBisks 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 426220835 00 4523012 93 2 Written or renewed during the year 305327019 00 3350806 46 4 Total 731547854 00 7873819 39 5 Deduct those expired and marked off as terminated 267267145 00 2981096 68 6 In force at the end of the year464280709 00 4892722 71 7 Deduct amount reinsured 79330575 flO 889874 47 8 Net amount in force 384950134 00 4002848 24 Business in the State of Georgia During the Year 27 Gross risks written 2458349 00 Less risks cancelled 366480 00 Net risks written 2091869 00 28 Gross premiums on risks written 29748 07 Less 378422 return premiums and 165 premiums for reinsurance in companies authorized in Georgia 3782 57 Net premiums received 25965 50 29 Losses paid deducting salvage 14613 67 30 Losses incurred 14935 67 LONDON LANCASHIRE FIRE INSURANCE COMPANY LIMITED OF LIVERPOOL ENGLAND Archibald G McIIwaine Jr Manager Fred W Cole Atlanta Attorney for Service ICapital Stock 1 Deposit capital pursuant to laws of Illinois deposited in New York 200000 00 2 Amount of ledger assets as per balance December 31 of previous year 4679614 93226 ComptrollerGenerals Report HIncome Fire Marine 3 Gross premiums 4315549 24 218796 58 4 Deduct Reinsurance pre miums fire 104162605 marine and inland 21 74354 return pre miums 71513687 ma rine and inland 44 13899 totals 1756762 92 65882 53 7 Total premiums other than perpetual 2558786 32 152914 05 11 Gross interest on bonds and dividends on stocks less 20070 accrued interest on bonds acquired during 1913 130995 95 12 Gross interest on deposits in trust companies and banks 14269 78 13 Gross interests from all other sources 14 On trust funds 3591 51 15 Interest on agents balances 227 67 16 Gross rents from companys property in cluding 11500 for companys occupancy of its own buildings 24208 36 17 Total gross interest and rents 17293 27 20 Remittances from home office 73889 20 29 Total income 2 958882 84 IIIDisbursements 1 Gross amount paid policyholders for losses including 17137112 occurring in pre vious years 1608459 21 2 Deduct amount received for Salvage fire 1030506 marine and inland 145458 re insurance fire 39909304 marine and inland 927494 discount fire 16766 total 427295 38 3 Net amount paid policyholders for losses l 181763 96 I Expenses of adjustment and settlement of losses 41584 08 5 Commissions or brokerage 412875 28 6 Allowances to local agencies for miscellaneous agency ex pens 19807 54ComptrollerGenerals Report 227 7 Salaries 5697747 and expenses 4653162 of special and general agents 103509 09 8 Salaries fees and all other charges of officers directors trustees and home office employees 152189 70 9 Rents including 11520 for companys occupancy of its own buildings 28742 87 10 Advertising 1007181 printing and stationery 2455097 34622 78 11 Postage telegrams telephone and express 20562 49 12 Legal expenses 299 13 13 Furniture and fixtures 7038 64 14 Maps including corrections 8 391 20 15 Underwriters boards and tariff associations 39196 82 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 33413 63 17 Inspections and surveys 17617 62 18 Repairs and expenses other than taxes on real estate 11146 95 19 Taxes on real estate 5375 27 20 State taxes on premiums 52964 40 21 Insurance department licenses and fees 15407 90 22 All other licenses fees and taxes Federal corporation tax 4146 25 Municipal licenses and taxes 8300 80 23 Other disbursements 24 Exchange 1203 89 25 Subscriptions 1219 07 26 Miscellaneous expenses 9297 03 29 Remittances to home office 291876 39 38 Agents balances charged off 283 95 41 Total disbursements 2535836 73 IVLedger Assets 1 Book value of real estate 300000 00 4 Book value of bonds 311343734 and stocks 2185 3115622 34 5 Cash in companys office 4791 OS 6 Deposit in trust companies and banks not on on interest 5014 51 7 Deposits in trust companies and banks on interest 673784 66 8 Agents balances representing business writ ten subsequent to October 1 1913 589265 89 9 Agents balances representing business writ ten prior to October 1 1913 27063 00 11 Bills receivable taken for fire risks 1212 79228 CompteollebGenebals Eepoet 13 Cash in hands of United States trustee 384625 40 14 Balances due from other companies 1281 37 16 Total ledger assets 5102661 04 NonLedger Assets 18 Interest due 3225750 and accrued 16 45375 on bonds 48711 25 20 Interest due on bank deposits 1474 09 24 Total 50185 34 30 Gross assets 5152846 38 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 27063 00 35 Bills receivable past due taken for marine inland and fire risks 500 44 37 Overdue and accrued interest on bonds in de fault 4000 00 39 Bonds and stocks 248797 34 40 Balances due from other companies 1281 37 41 Total admitted assets 4871204 23 VLiabilities 1 Gross losses adjusted and unpaid due 27 780 not yet due 2901 3068100 2 Gross claims for losses in process of adjust ment or in suspense plus 4275 reserve for losses incurred prior to December 31 of which no notice had been received on that date 195432 00 3 Gross claims for losses resisted 28030 00 4 Total 254143 00 5 Deduct reinsurance due or accrued 79472 45 6 Net amount of unpaid losses and claims 174670 55 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 521621996 unearned premiums per recapitulation 2723913 68 8 Gross premiums less reinsurance cash and bills received and receivable upon all unComptrollerGenerals Report expired inland navigation risks 150 50912 unearned premiums fifty per cent 75254 55 229 10 Total unearned premiums as computed above 2799168 23 17 Salaries rents expenses bills accounts fees etc due or accrued 4237 25 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this Statement 56400 00 19 Contingent commissions or other charges due or accrued 6800 00 30 Total liabilities 3041276 03 VIRisks and Premiums Fire Marine 1 In force on the 31st day of December as per line 6 under this heading in last years statement 6178911 84 120929 57 2 Written or renewed during the year 4315549 24 218796 58 4 Total 10494461 48 339726 15 5 Deduct those expired and marked off as terminatedl 3899168 89 172356 92 6 In force at the end of the year 6595292 19 167369 23 7 Deduct amount reinsured 1379072 23 16860 11 8 Net amount in force 5216219 96 150509 12 Business in The State of Georgia During the Year 27 Gross risks written 5735600 00 Less 960950 risks cancelled and 462526 reinsurance in companies authorized in Georgia 1423476 00 Net risks written 4312124 00 28 Gross premiums on risks written 64326 54 Less 735460 return premiums and 147486 premiums for reinsurance in companies authorized in Georgia 8829 46 Net premiums received 55497 08 29 Losses paid deducting salvage 14750 39 Less losses on risks reinsured in companies authorized in Georgia 2979 46 Net losses paid 11770 93230 COMPTROLLERGrENERAL s REPORT 30 Losses incurred 19281 66 Less losses on risks reinsured in companies authorized in Georgia 3652 88 Net losses incurred 15628 78 LUMBER INSURANCE COMPANY OF NEW YORK G A Mitchell President E H MeKelvey Secretary ICapital Stock 1 Amount of capital stock paid up in cash 400000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 899976 10 4 Extended at 899976 10 IIIncome 889630 61 736298 94 5 Gross premiums 6 Deduct reinsurance premiums fire 11182 return premiums fire 24118712 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 26332 22 1713 89 17 Total gross interest and rents 25 From agents balances previously charged off 27 Gross increase by adjustment in book value of ledger assets viz Bonds 28 Total income IIIDisbursements 1 Gross amount paid polieyholders for losses including 4025192 occurring in pre vious years 504436 11 153361 67 28046 U 916 70 201 58 182589 06CompteollebGeneeals Repoet 231 2 Deduct amount received for salvage fire 135696 reinsurance fire 19801439 discount fire 23256 total 199603 91 9 10 11 12 15 16 20 21 22 23 25 26 27 28 38 39 40 Net amount paid policyholders for losses 304832 20 Expenses of adjustment and settlement of losses 6582 28 Commissions or brokerage 39577 04 Allowances to local agencies for miscellaneous agency expenses paid by general agency Salaries fees and all other charges of officers directors trustees and home office employees 12929 22 Rents 1246 18 Advertising 2772 printing and stationery 3500 62 72 Postage telegrams telephone and express paid by general agency Legal expenses 4791 45 Underwriters boards and tariff associations 3929 26 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 177 48 State taxes on premiums 6356 87 Insurance department licenses and fees 4633 27 All Other licenses fees and taxes Federal corporation tax 69 43 Other disbursements auditing 1030 00 Rent of safe deposit box 45 00 Fidelity bonds 186 00 Commissions on bond sale 137 50 Exchange and collection charges 49 53 Agents balances charged off 184 37 Gross loss on sale or maturity of ledger assets viz Bonds 12748 66 Gross decrease by adjustment in book value of ledger assets viz Bonds 294 17 41 Total disbursements 399861 63 IVLedger Assets 4 Book value of bonds 518852 45 7 Deposits in trust companies and banks on interest 42585 06 8 Agents balances representing business written subsequent to Oct 1 1913 121229 88 13 Redmond and Company 36 11 16 Total ledger assets 682703 53232 ComptrollerGenerals Report NonLedger Assets 20 Interest accrued on bonds 5647 48 24 Total 5647 48 30 Gross assets 688351 01 Deduct Assets Not Admitted 38 Book value of ledger assets over market value viz Bonds 65382 48 40 Total 65382 48 41 Total admitted assets 622968 53 VLiabilities 1 Gross losses adjusted and unpaid 27167 82 2 Gross claims for losses in proces of ad jutment or in suspense plus 21094 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 61254 53 3 Gross claims for losses resisted 9000 00 4 Total 97422 35 5 Deduct reinsurance due or accrued 37549 75 6 Net amount of unpaid losses and claims 59872 60 7 Gross premiums less reinsurance receiv ed or receivable upon all unexpired fire risks 3632929 unearned prem iums per recapitulation 18283 80 10 Total unearned premiums as computed above 18283 80 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 4000 00 26 Total amount of all liabilities except capital 82156 40 27 Capital actually paid up in cash 400000 00 28 Surplus over all liabilities 140812 13 29 Surplus as regards policyholders 540812 13 30 Total liabilities 622968 53ComptrollerGenerals Report 233 VIRisks and Premiums Fire Bisks Premiums Thereon 1 In force on the 31 day of December as per line 6 under this heading in last years statement 48187094 00 617476 64 2 Written or renewed during the year 71361296 00 889630 61 3 Excess of original premiums over amount received for reinsurance 12251 16 4 Total 119548390 00 1579358 41 5 Deduct those expired and marked off as terminated 65253177 00 829110 33 6 In force at the end of the year 54295213 00 690248 08 7 Deduct amount reinsured 51876129 00 653918 79 8 Net amount in force 2419084 00 36329 29 Business in the State of Georgia During the Year 27 Gross risks written 602 660 00 Less 35273100 risks cancelled and 6845000 reinsur ance in companies authorized in Georgia 321 181 00 Net risks written 281479 00 28 Gross premiums on risks written 9489 01 Less 261145 return premiums and 47774 premiums for reinsurance in companies authorized in Georgia 3089 19 Net premiums received 6399 82 29 Losses paid deducting salvage 4221 73 30 Losses incurred 3982 72 THE LUMBER FIRE INSURANCE COMPANY OF BOSTON MASS George W Gale President Harry E Stone Secretary F Wade Vaughan Attorney for Service in Georgia IGuaranty Capital 2 Amount of ledger assets as per balance December 31 of previous year 755448 23 4 Extended at 755448 23234 ComptrollerGenerals Report IIIncome 5 Gross premiums 522989 72 6 Deduct Return prpmiums 57998 27 7 Total premiums 464991 45 10 Gross interest on bonds less 88613 accrued interest on bonds acquired during 1913 24369 46 11 Gross interest on deposits in trust companies and banks 3884 51 13 Interest on overdue premiums 84 16 Total gross interest 28254 81 18 From Gale Stone agents 22000 00 27 Gross profit on sale or maturity of ledger assets viz Bonds 252 54 28 Gross increase by adjustment in book value of ledger as assets viz Bonds 376 24 29 Total income 515875 04 IIIDisbursements 1 Gross amount paid policyholders for losses including 978574 occurring in previous years 198296 69 2 Deduct amount received for Discount 642 50 3 Net amount paid policyholders for lossesi 197654 19 4 Expenses of adjustment and settlement of losses 335 44 5 Commissions or brokerage 25066 30 6 Allowances to local agencies for miscellaneous agency ex penses 2343 41 8 Salaries fees and all other charges of officers directors trustees and home office employees 40012 94 9 Rents 4200 00 10 Advertising 34790 printing and stationery 208733 2435 23 11 Postage telegrams telephone and express 1160 96 12 Legal expenses 1047 48 13 Furniture and fixtures 152 43 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 230 07 17 Inspections and surveys 5298 59 20 State taxes on premiums 7898 18 21 Insurance department licenses and fees 1231 75 22 All other licenses fees and taxes Federal corporation tax 5315 75 Various municipal taxes 63 64 Georgia Indiana Maine Minnesota Oregon publication of statements 156 59CompteollebGenebals Eepoet Alabama California Georgia Illinois Ohio Washington West Virginia special taxes 23 Other disbursements 24 Subscription to publications 25 Collecting bad bills 26 Premium on surety bonds and Workingmens Compensation policy 27 Auditing of accounts 28 Expenses of companys meetings 29 Expenses of attending various meetings 30 All other disbursements 31 Dividends to policyholders 34 Agents balances charged off 35 Gross loss on sale or maturity of ledger assets viz Bonds 36 Gross decrease by adjustment in book value of ledger as sets viz Bonds 37 Total disbursements j IVLedger Assets 4 Book value of bonds 673471 84 5 Cash in companys office 885 38 7 Deposits in trust companies and banks on interest 106187 56 8 Agents balances representing business writ ten subsequent to October 1 1913 19779 89 9 Agents balances representing business writ ten prior to October 1 1913 183 52 12 Cash in officemileage account 192 49 15 Total ledger assets 800700 68 NonLedger Assets 17 Interest accrued on bonds 8659 89 20 International Trust Co special account 175 00 23 Total 8834 89 27 Amount due from Gale Stone agents 12652 91 28 Cash held for agency expenses 663 12 29 Gross assets 822851 60 Deduct Assets Not Admitted 32 Agents balances representing business writ ten prior to October 1 1913 183 52 235 110 44 371 72 13 10 67 14 475 00 295 79 469 48 797 85 172437 36 125 67 382 05 474 04 470622 59 236 ComptrollerGenerals Report 36 Book value of ledger assets over market value 40056 84 37 Amount due from Gale Stone agents 12652 91 39 Admitted assets 769958 33 VLiabilities 2 Gross claims for losses in process of adjust ment or in suspense 783 47 3 Gross claims for losses resisted 3171 25 4 Total 3954 72 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 44229026 unearned pre miums per recapitulation 221145 13 10 Salaries rents expenses bills accounts fees etc due or ac crued 88 64 11 Estimated hereafter payable for federal State and other taxes based upon the business of the year of this statement 6256 06 17 Reserve for federal income tax 11 67 33 Total amount of all liabilities 231456 22 34 Surplus 538502 11 35 Total liabilities and surplus 769958 33 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31st day of December as per line 6 under this heading in last years statement 18187912 407769 51 2 Written or renewed during the year 23365854 522989 72 4 Total 41553755 930759 23 5 Deduct those expired and marked off as terminated 21743187 488468 97 6 In force at the end of the year 19810579 442290 26 8 Net amount in force 19810579 442290 26 Business in The State of Georgia During the Year 21 Gross risks written 369331 67 Less risks cancelled 73107 64 Net risks written 296224 03ComptrollerGenerals Report 237 22 Gross premiums 12252 32 Less return premiums 1997 88 Net premiums received 10254 44 23 Losses paid deducting salvage 2197 89 24 Losses incurred 2148 LUMBER UNDERWRITERS OF NEW YORK AttorneyinFact Eugene F Perry Deputy AttorneyinFact Louis H Parker ICapital Stock 1 Amount of capital stock paid up in cash 100000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 259330 40 4 Extended at 259330 40 IIIncome 546014 46 5 Gross premiums 6 Deduct reinsurance premiums fire 194 46258 return premiums fire 13372444 325187 02 7 Total premiums other than perpetual 220827 44 11 Gross interest on bonds and dividends on stocks 350 00 12 Gross interest on deposits in trust com panies and banks 5363 52 17 Total gross interest and rents 18 From other sources Underwriters surplus increased 5713 52 25000 00 28 Total income 251540 96 IIIDisbursements 1 Gross amount paid policyholders for losses including 4119459 occurring in pre vious years 344307 85238 ComptrollerGenerals Eepoet 2 Deduct amount received for salvage fire 132351 reinsurance fire 15024799 total 151571 50 3 Net amount paid policy holders for losses 192736 35 4 Expenses of adjustment and settlement of losses 2195 17 5 Commissions or brokerage including 7808665 on risks of other companies reinsured less 6641719 reinsur ance commissions 11669 46 8 Salaries fees and all other charges of officers directors trustees and home office employees 44665 14 9 Bents 1000 00 10 Advertising 2539 04 12 Legal expenses 1414 42 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 253 15 20 State taxes on premiums 2047 19 21 Insurance department licenses and fees 918 78 23 Other disbursements Quarterly audit 550 00 25 General expense 927 79 34 Paid stockholders for interest or dividends amount de clared during the year 12750 00 38 Agents balances charged off 126 75 273793 24 41 Total disbursements IVLedger Assets 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 Agents balances representing business written subsequent to Oct 1 1913 9 Agents balances representing business written prior to Oct 1 1918 10000 00 8080 51 186169 38 40392 29 516 45 16 Total ledger assets NonLedger Assets 20 Interest due and accrued on bonds 237078 12 175 00 24 Total 27 Other nonledger assets viz Div on Mutual reinsurance 28 Losses due from reinsurance 29 Salvage due 175 00 4925 7S 11891 43 400 00 30 Gross assets 254473 33CompteollekGekerals Eepoet 239 Deduct Assets Not Admitted 34 Agents balances representing business 38 Book value of ledger assets over market 40 Total 1096 45 41 253376 88 VLiabilities Gross claims for losses in process of ad justment or in suspensei 18417 12 10 17 21 26 27 28 29 30 Net amount of unpaid losses and claims Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 24074922 unearned prem iums per recapitulation 120374 61 Total unearned premiums as computed above Salaries rents expenses bills accounts fees etc due or accrued Reinsurance and return premiums due other companies Total amount of all liabilities except capital Capital actually paid up in cash 100000 00 Surplus over all liabilities 3019 04 Surplus as regards polieyholders Total liabilities 18417 12 120374 61 2772 73 8793 38 150357 84 103019 04 283376 VIBisks 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 25335630 00 394372 69 Written or renewed during the year 39001670 00 546014 46 940387 15 Total 64337300 00 Deduct those expired and marked off as terminated 35861437 00 549849 60 In force at the end of the year 28475863 00 390537 55 Deduct amount reinsured 11278888 00 149788 33 Net amount in force 17196975 00 240749240 ComptbollebGeneeals Eepokt Business in the State of Georgia During the Year 27 Gross risks written 467035 00 Less 142858 risks cancelled and 4400000 reinsurance in companies authorized in Georgia 186858 00 Net risks written 280177 00 28 Gross premiums on risks written 10190 74 Less 208657 return premiums and 101286 premiums for reinsurance in companies authorized in Georgia 3099 43 Net premiums received 7091 31 29 Losses paid deducting salvage 5003 91 Less losses on risks reinsured in companies authorized in Georgia 2099 28 Net losses paid 2904 63 30 Losses incurred 5005 89 Less losses on risks reinsured in companies authorized in Georgia 2100 27 Net losses incurred 2905 62 LUMBERMENS MUTUAL TIRE INSURANCE COMPANY OF MANSFIELD OHIO E S Nail President W H G Kegg Secretary F VVade Vaughan Attorney for Service ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 582413 47 4 Extended at 582413 47 IIIncome 5 Gross premiums 493832 54 6 Deduct reinsurance premiums 14484 re turn premiums 5815937 total 58304 21 7 Total premiums 435528 33 8 Gross interest on mortgage loans 2782 56CompteolleeGenebals Bepobt 241 10 Gross interest on bonds and dividends on stocks less 39042 accrued interest on bonds acquired during 1913 19104 41 11 Gross interest on deposits in trust com panies and banks 132 79 12 Gross interest from all other sources Overdue premiums 24 42 16 Total gross interest and rents 17 From other sources Losses subrogated 27 Gross profit on sale or maturity of ledger assets viz Bonds 28 Gross increase by adjustment in book value of ledger assets viz Bonds 29 Total income 22044 18 2876 56 496 37 250 00 461195 44 IIIDisbursements 1 Gross amount paid policyholders for losses including 1806397 occurring in pre vious years 2 Deduct amount received for discount 191220 46 657 87 3 Net amount paid policyholders for losses 190562 59 4 Expenses of adjustment and settlement of losses 905 42 5 Commissions or brokerage 29304 70 8 Salaries fees and all other charges of officers directors trustees and home office employees 27163 36 10 Advertising 164057 printing and stationery 34350 2984 07 11 Postage telegrams telephone and express 1489 94 12 Legal expenses 699 63 15 Underwriters boards and tariff associations 50 00 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 631 95 Inspections and surveys 12662 21 Repairs and expenses other than taxes on real estate 716 68 Taxes on real estate 34 28 20 State taxes on premiums 6830 59 21 Insurance department licenses and fees 330 48 22 All other licenses fees and taxes Federal corporation tax 162 38 Local 771 33 23 Other disbursements Traveling 1434 62 25 Directors 667 72 26 Office 1677 86 27 General 2863 30 17 18 19242 ComptrollerGeneral s Report 31 Dividends to policyholders 16121144 less dividends re ceived from reinsuring companies 36 Gross decrease by adjustment in book value of ledger assets viz Bonds 37 Total disbursements IVLedger Assets 1 Book value of real estate 23700 2 Mortgage loans on real estate 57550 00 4 Book value of bonds 41874315 and stocks 4972500 total 468468 15 6 Deposits in trust companies and banks not on interest 10182 30 7 Deposits in trust companies and banks on interest 8434 36 9 Agents balances representing business written prior to Oct 1 1913 23557 34 15 Total ledger assets NonLedger Assets 16 Interest accrued on mortgages 65 05 17 Interest accrued on bonds 4714 60 23 Total 25 Market value not including interest in item 17 of bonds and stocks over book value 29 Gross assets VLiabilities 1 Gross losses adjusted and unpaid 945 00 3 Gross claims for losses resisted 2500 00 4 Total 3445 00 i Net amount of unpaid losses and claims 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 42282348 unearned prem iums per recapitulation 24411 74 Total 9 Dividends declared and unpaid to policyholders including 161211 50 711 20 444965 75 598643 16 5365 65 615 20 604624 01 3445 00 24411 74CompteollebGenebal s Repoht 243 all unpaid dividends on terminated policies whether renewed or not 2497 61 10 Salaries rents expenses bills accounts fees etc due or accrued 500 00 11 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 5000 00 12 Contingent commissions or other charges due or accrued 1924 92 14 Reinsurance and return premiums due other companies 461 32 33 Total amount of all liabilities 225240 59 34 Surplus 379383 42 35 Total liabilities and surplus 604624 01 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 17731542 00 390103 38 2 Written or renewed during the year 22572063 00 493832 54 4 Total 40303605 00 883935 92 5 Deduct those expired and marked off as terminated 20574537 00 450967 60 6 In force at the end of the year 19729068 00 422968 32 7 Dduct reinsurance permitted by laws of this state 8500 00 144 84 8 Net amount in force 19720568 00 422823 48 Business in the State of Georgia During the Year 21 Gross risks written 305826 67 Less risks carried 68095 25 Net risks written 237731 42 22 Gross premiums on risks written 10119 18 Less return premiums and losses on risks reinsured in companies authorized in this state 2000 72 Net premiums received 8118 46 23 Losses paid deducting salvage 2143 00 24 Losses incurred 2143 00244 ComptrollerGenerals Report MASSACHUSETTS FIRE AND MARINE INSURANCE COMPANY OF BOSTON MASSACHUSETTS Everett C Benton President Walter Adlard Secretary Home Office 95 Water Street and 65 Kilby Street Boston Mass James L Dickey Jr Attorney for Service in Georgia IGuaranty Capital 1 Amount of guaranty capital paid up in cash 500000 00 2 Amount of ledger assets as per balance Decemberf 31 of previous year 1311463 06 4 Extended at 1311463 06 IIIncome 5 Gross premiums 902576 94 6 Deduct reinsurance premiums 124087 81 Return premiums 146198 55 7 Total premiums 9 Gross interest on collateral loans 10 Gross interest on bonds and dividends on stocks 11 Gross interest on deposits in trust com panies and banks 13 Interest on Philadelphia Fire Under writers Deposits 632290 58 1 707 65 45781 34 1033 48 3 15 16 Total gross interest and rents 47525 62 27 Gross profit on sale or maturity of ledger assets viz N Bonds 125 00 Stocks 527 50 28 Gross increase by adjustment in book value of ledger assets viz Bonds 380 40 29 Total income 680849 10 IIIDisbursements 1 Gross amount paid policyholders for losses including 5067439 occurring in pre ious years 369406 38 2 Deduct amount received forComptrollerGenerals Report 245 Salvage Reinsurance Discount 4422 73 37441 56 14 90 9 10 11 12 13 14 15 16 17 20 21 22 24 25 26 27 28 32 34 26 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 1460280 and expenses 389901 of special agents Salaries fees and all other charges of officers directors trustees and home office employees Rents Advertising 323719 printing and stationery 618918 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 State tax on invest ments State fees for Missouri City taxes City licenses Insurance Underwriters Protective Association Alfred M Best Co R G Dun Co Miscellaneous Paid for interest or dividends on guaranty capital amount declared during the year Agents balances charged off Gross decrease by adjustment in book value of ledger assets viz Bonds 327527 19 6052 66 161417 53 273 77 18501 81 35356 73 5718 40 9426 37 3319 97 185 90 2727 96 3107 54 5495 10 5836 96 1493 46 5940 67 2349 92 161 97 12 00 774 43 827 00 186 00 200 00 20 00 350 00 313 25 15000 00 45 43 295 86 37 Total disbursements 612917 88 IVLedger Assets 4 Book value of bonds 78550630 and stocks 41716223 total 1202668 53 5 Cash in companys office 98 83246 ComptrollerGeneral s Report 7 Deposits in trust companies and banks on interest 61984 22 8 Agents balances representing business written subsequent to Oct 1 1913 112274 83 9 Agents balances representing business written prior to Oct 1 1913 2313 87 12 Bills receivable taken for marine and in land risks 90 00 15 Total ledger assets 1379394 28 NonLedger Assets 17 Interest accrued on bonds 8306 41 19 Interest accrued on other assets 301 84 23 Total 8608 25 29 Gross assets 1388002 53 Deduct Assets Not Admitted 32 Agents balances representing business written prior to Oct 1 1913 2313 87 36 Book value of ledger assets over market value viz Bonds and stocks 15912 53 39 Admitted assets 1369776 13 VLiabilities 1 Gross losses adjusted and unpaid 16189 02 2 Gross claims for losses in process of ad justment or in suspense plus 732300 Teserve for losses incurred prior to Dec 31 of which no notice kad been receiv ed on that date 65015 65 4 Total 81204 67 5 Deduct reinsurance due or accrued in com panies authorized in Georgia 9529 32 0 Net amount of unpaid losses and claims 71675 35 7 Gross premiums less reinsurance received and receiv able upon all unexpired fire risks 71096686 un earned premiums per recapitulation 39498963 un expired marine risks 20818284 unearned premiums per recapitulation 10409142 total 499081 05 ComptbolleeGenebals Repoet 247 10 Salaries rents expenses bills accounts fees etc due or accrued 1116 28 11 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 9289 97 33 Total amount of all liabilities 581162 65 34 Surplus j 788613 48 35 Total liabilities and surplus 1369776 13 VIKisks and Premiums 1 In force on the 31 day of December as per line 5 under this heading in last years statement 774268 70 2 Written or renewed during the year 902576 94 4 Total 1676845 64 5 Deduct those expired and marked off as tehminated 653777 61 6 In force at the end of the year 1023068 03 7 Deduct reinsurance permitted by laws of this State 103918 33 8 Net amount in force 919149 70 Business in the State of Georgia During the Year 21 Gross risks written 1200868 00 Less 23542500 fire risks cancelled and 7990000 fire reinsurance in companies authorized in t7iis state 315325 00 Net risks written 885543 00 22 Gross premiums on risks written 17886 49 Less return premiums on cancelled policies and premiums for reinsurance in companies authorized in this state 4012 71 Net premiums received 13873 78 23 Losses paid deducting salvage 7893 30 Less losses on risks reinsured in companies authorized in in this state 193 14 Net losses paid 7700 16 24 Losses incurred 5948 66 Less losses on risks reinsured in companies authorized in this state 93 14 Net losses incurred 5855 52248 ComptrollerGenerals Eeport MERCANTILE MUTUAL FIRE INSURANCE COMPANY OF PROVIDENCE RHODE ISLAND Henry T Grant President Alfred N Eddy Secretary W A Wright Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance Dec 31 of previous years 251667 62 4 Extended at 251667 62 IIIncome 5 Gross premiums 271893 13 6 Deduct reinsurance premiums 15721 84 7 Total premuims other than perpetual 256171 29 11 Gross interest on bonds and dividends on stocks less 22188 accrud interest on bonds acquired during 1913 15018 71 12 Gross interest on deposits in trust com panies and banks 382 74 16 Gross rents from company s property 1062 50 18 From other sources 15000 00 26 Gross profit on sale or maturity of ledger assets viz Stocks 144 00 27 Gross increase by adjustment in book value of ledger assets viz Stocks 5000 00 28 Total income 292779 30 IIIDisbursements 1 Gross amount paid policyholders for losses including 168000 occurring in pre vious years 6839 80 3 Net amount paid policyholders for losses 6839 80 8 Salaries fees and all other charges of officers directors trustees and home office employees 16646 10 9 Rents 2175 76 10 Advertising 12305 printing and stationery 112481 1247 86 11 Postage telegrams telephone and express 1445 09 12 Legal expenses 18 50ComptrollerGenerals Report 249 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 City taxes 23 Other disbursements Auditing 25 Travel 26 Miscellaneous 27 Callateral Note 28 Interest 29 Brokerage 30 ITnabsorbed premium returned to policy holders 264 85 41 Total disbursements 37 34 4164 63 2681 08 642 43 4552 61 725 35 100 00 2216 31 191 75 15000 00 534 72 10 00 217247 33 276741 71 IVLedger Assets 4 Book value of bonds 6382500 and stocks 191052 total 254877 00 5 Cash in companys office 100 00 7 Deposits in trust companies and banks on interest 3177 67 8 Agents balances representing business written subsequent to Oct 1 1913 9467 64 9 Agents balances representing business written prior to Oct 1 1913 82 90 16 Total ledger assets 267705 21 NonLedger Assets 20 Interest accrued on bonds 24 Total 843 75 268548 96 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 82 90 38 Book value of ledger assets over market value 26327 00 41 Total admitted assets 242139 06250 ComptrollerGenerals Beport VLiabilities 2 Gross claims for losses in process of ad justment or in suspense plus 30000 Teserve for losses incurred prior to Dec 31 of which no notice had been receiv d on that date 1870 00 6 Net amount of unpaid losses and claims 1 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 28369983 unearned prem iums per recapitulation 147179 05 1870 Oft 10 Total unearned premiums as computed above 147179 05 17 Salaries rents expenses bills accounts fees etc due or accrued 224 72 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 3406 63 2C Total amount of all liabilities except capital 28 Surplus over all liabilities 152679 90 89459 16 30 Total liabilities 242139 06 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 316216 27 269208 59 2 Written or renewed during the year 316714 50 271893 13 4 Total 632930 71 341101 72 5 Deduct those expired and marked off as terminated 302323 96 257401 89 6 In force at the end of the year 330606 81 283699 83 Business in The State of Georgia During the Year 27 Gross risks written 1112380 00 Less risks cancelled 197760 00 Net risks written 914620 00CompteollebGenerals Report 251 28 Gross premiums on risks written Less return premiums Net premiums received 29 Losses paid deduct salvage 30 Losses incurred 8259 63 672 94 7586 69 281 98 1290 74 MILWAUKEE MECHANICS INSURANCE COMPANY OF MILWAUKEE WISCONSIN William L Jones President Oscar Griebling Secretary Home Office 442 and 444 City Hall Square Milwaukee Wis William H Hill 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 4314912 72 4 Extended at 4314912 72 IIIncome 5 Gross premiums 2898269 91 6 Deduct reinsurance premiums fire 436 60860 return premiums fire 458 50901 total 895117 61 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 341362 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources 14 School warrant taken in payment of prem iums 15 Munich Reinsurance Co refunded over payment of trust fund 1912 16 Gross rents from companys property in eluding 320000 for companys occu pancy of its own buildings 2003152 30 88278 09 89388 76 1882 12 10 30 1 70 103 75 4043 11 17 Total gross interest and rents 183708 56252 ComptrollerGenerals Eeport 19 Borrowed money 45000 00 20 Taxes refunded on Teal estate disposed of in previous years 71 85 23 Total 45071 85 25 From agents balances previously charged off 131 51 26 Gross profit on sale or maturity of ledger assets viz Bonds 1637 50 27 Gross increase by adjustment in book value of ledger assets viz Bonds 30 0O 28 Total income 2233731 72 IIIDisbursements 1 Gross amount paid policyholders for losses including 19830516 occurring in pre vious years 1255119 15 2 Deduct amount received for salvage fire 637730 reinsurance fire 24673299 discount fire 106927 total 254179 56 3 Net amount paid policyholders for losses 1000939 59 4 Expenses of adjustment and settlement of losses 33887 80 5 Commissions or Brokerage Including 98347 on risks of other companies reinsured less 11680879 reinsur ance commissions485918 90 7 Salaries 5512326 and expenses 3984811 of special and general agents 94971 37 8 Salaries fees and all other charges of officers directors trustees and home office employees 95943 74 9 Rents including 320000 for companys occupancy of its own buildings 8275 93 10 Advertising 224482 printing and stationery 1501638 17261 20 11 Postage telegrams telephone and express 19038 35 12 Legal expenses 2385 10 13 Furniture and fixtures 955 17 14 Maps including corrections 7261 90 15 Underwriters boards and tariff associations 7712 55 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 21407 87 17 Inspections and surveys 17466 34 18 Repairs and expenses other than taxes on real estate 231 48 19 Taxes on real estate 1288 59 20 State taxes on premiums 56034 09 21 Insurance department licenses and fees 15461 08ComptrollebGenerals Report 253 22 All other licenses fees and taxes Federal corporation tax 308710 municipal taxes 220141 municipal licenses 484173 total 10130 24 24 Expense on securities 204 82 25 Exchange 1943 97 26 Heating lighting and cleaning office water towels and ice 2734 88 27 Auditing 46850 newspaper subscriptions 14610 614 60 28 Mercantile agencies 143557 Surety bonds 49815 meals 42180 2355 52 29 Donations and gifts 9700 entertaining agents 47635 funeral expenses 1000 583 35 30 Tabulating machine 38580 business associations 3500 420 80 31 Borrowed money repaid 45000 00 32 Interest on borrowed money 317 85 34 Paid stockholders for interest or dividends amount de clared during the year 12000000 120000 00 37 Decrease in liabilities during the year on account of re insurance treaties 5700 84 38 Agents balances charged off 2504 43 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 70231 68 Stocks 960 00 41 Total disbursements 2150233 98 IVLedger Assets 1 Book value of real estate 52825 00 2 Mortgage loans on real estate 1832487 45 4 Book value of bonds 192578750 and stocks 4444000 1970227 50 5 Cash in companys office 22552 19 7 Deposits in trust companies and banks on interest 165204 53 8 Agents balances representing business written subsequent to October 1 1913 344282 54 9 Agents balances representing business written prior to October 1 1913 6562 97 12 Other ledger assets viz Deposit Mil waukee Board of Fire Underwriters 100 00 13 Due from Munich Reinsurance Co 4168 28 16 Total ledger assets 4398410 46254 CompteollebGeneeals Bepobt NonLedger Assets 17 Interest due 62476 and accrued 28 19087 on mortgages 18 Interest accrued on bonds 28815 63 16052 82 24 Total 44868 45 30 Gross assets 4443278 91 Deduct Assets Not Admitted 34 Agents balances representing business written prior to October 1 1913 6562 97 40 Total 6562 97 41 Total admitted assets 4436715 94 VLiabilities 1 Gross losses adjusted and unpaid 2 Gross claims for losses in process of ad justment or in suspense plus 1143981 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 43724 94 133919 83 12068 07 189712 84 31863 83 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 445721495 unearned premiums per recapitulation 2288319 7 10 Total unearned premiums as computed above 17 Salaries rents expenses bills accounts fees etc due or aecrued 18 Estimated amount hereafter payable for federal state and other taxes based on the business of the year of this statement 19 Contingent commissions or other charges due or accrued 20 Funds held under reinsurance treaties 23 All other liabilities viz Reserved for dividends 157849 01 228S319 37 5000 00 75000 00 20000 CO 9334 62 30000 00 26 Total amount of all liabilities except capita 2585503 00ComptrollerGeneral s Eeport 255 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 851212 94 29 Surplus as regards policyholders 1851212 94 30 Total liabilities 4436715 94 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31st day of Dec as per line 6 under this heading in last year a statement 477753090 00 5092594 01 2 Written or renewed during the year 268248658 00 2898269 91 4 Total 746001748 00 7990863 92 5 Deduct those expired and marked off as terminated 249680470 00 2812963 44 6 In force at the end of the year 496321278 00 5177900 48 7 Deduct amount reinsured 62119338 00 720685 53 8 Net amount in force 434201940 00 4457214 95 Business in the State of Georgia During the Year 27 Gross risks written 3383997 00 Less 71575000 risks cancelled 696775 00 Net risks written 2687222 00 28 Gross premiums on risks written 52289 18 Less return premiums 10114 56 Net premiums received 42 174 62 29 Losses paid deducting salvage 17522 60 Net losses paid 17522 60 Net losses incurred 15524 45256 COMPTROLLERGrENERALs REPORT NATIONALBEN FEANKLIN FIEE INSUEANCE COMPANY Samuel McKniglit President H M Schmitt Secretary C M Eamspeek Atlanta Ga Attorney for Service ICapital Stock 1 Amount of capital stock paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 31 of previous year 3283590 92 IIIncome 5 Gross premiums 2292119 73 6 Deduct reinsurance premiums fire 403 40504 return premiums fire 413 96071 total 817365 75 7 Total premiums other than perpetual 9 Gross interest on mortgage loans i 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks less 39569 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources De linquent accounts 14 Deposit with Philadelphia Undrs Assn 15 Trenton Auxiliary Fire Alarm Co 16 Gross rents from companys property in cluding 600000 for companys occu pancy of its own buildings 1474753 9S 148462 64 5466 79 5369 31 2598 39 27 02 6 30 60 00 10948 7 17 Total gross interest and rents 172939 80 19 Sale of Real Estate 2500 00 25 From agents balances previously charged off 264 45 28 Total income 1650058 23 IIIDisbursements 1 Gross amount paid policyholders for losses including 15316506 occurring in pre vious years 949253 91ComptrollerGenerals Beport 257 2 Deduct amount received for salvage fire 418051 reinsurance fire 14714165 151322 16 3 Net amount paid policyholders fox losses 797931 75 4 Expenses of adjustment and settlement of losses 21308 40 5 Commissions or brokerage 431614 37 6 Allowances to local agencies for miscellaneous agency expenses 25756 38 7 Salaries 1662496 and expenses 1623340 of special and general agents 32858 36 8 Salaries fees and all other charges of officers directors trustees and home office employees 68349 41 9 Eents including 600000 for companys occupancy of its own buildings 6000 00 10 Advertising 135256 printing and stationery 579334 7145 90 11 Postage telegrams telephone and express 3673 34 12 Legal expenses 1145 42 13 Furniture and fixtures 28 45 14 Maps including corrections 1444 32 15 Underwriters boards and tariff associations 11836 20 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 12851 70 17 Inspections and surveys 6287 09 18 Repairs and expenses other than taxes on real estate 3421 63 19 Taxes on real estate 2708 14 20 State taxes on premiums 22225 86 Insurance department licenses and fees 8067 04 All other licenses fees and taxes Federal corporation tax 624 37 Capital stock tax 4593 16 Fire Marshal taxes 1407 86 Municipal tax 3150 10 Other disbursements Light heat ice and water at home office 1121 18 25 Miscellaneous home office expenses 237 62 34 Paid stockholders for interest or dividends amount de dared during the year 16000000 160074 00 38 Agents balances charged off 1721 34 39 Gross loss on sale or maturity of ledger assets viz Heal estate 6 15 21 22 23 41 Total disbursements 1637589 54 IVLedger Assets 1 Book value of real estate 146139 58 2 Mortgage loans on real estate 2478145 68 3 Loans secured by pledge of bonds stocks or other collateral 81900 00258 ComptrollerGenerals Beport 4 Book value of bonds 13253875 and stocks 726000 139798 75 5 Cash in companys office 34779 53 7 Deposits in trust companies and banks on interest 180706 16 8 Agents balances representing business written subsequent to Oct 1 1913 233204 26 9 Agents balances representing business written prior to Oct 1 1913 1591 65 13 Deposit with Phila Unders Assn 200 00 16 Total ledger assets 3296465 61 NonLedger Assets 17 Interest due 583028 and accrued 34 70324 on mortgages 40533 52 20 Interest on bonds 1779 17 19 Interest due 8308 and accrued 16002 on collateral loans 243 10 23 Eents due on companys property ot lease 381 25 24 Total 42937 04 25 Market value of real estate over book value 11310 42 30 Gross assets 3350713 07 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 1591 65 39 Bonds and stocks 1591 25 41 Total admitted assets 3347530 17 VLiabilities 1 Gross losses adjusted and unpaid 53087 43 2 Gtoss claims for losses in process of ad justment or in suspense plus 1094598 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 90388 11 3 Gross claims for losses resisted 15847 92 4 Total 159323 46 5 Deduct reinsurance due or accrued 32738 40ComptbolleeGenebals Eepoet 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 316401958 unearned prem iums per recapitulation 1665562 00 259 126585 06 10 Total unearned premiums as computed above 1665562 00 16 Dividends declared and unpaid to stockholders 335 00 17 Salaries rents expenses bills accounts fees etc due or accrued 197 22 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 22 000 00 19 Contingent commissions or other charges due or accrued 46s 04 26 Total amount of all liabilities except capital 1815 147 32 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 532382 85 29 Surplus as regards policyholders 1 532 382 So 30 Total liabilities 3347530 17 VIRisks and Premiums 1 In force on the 31 day of December as per line 6 under this heading in last years statement 361687336 00 2 Written or renewed during the year 230 224 055 00 4 Total 591911391 00 5 Deduct those expired and marked off as terminated194186790 00 6 In force at the end of the year 397 724601 i0 7 Deduct amount reinsured 57 336 114 00 8 Net amount in force340388487 00 NATIONALE FOREIGN FIRE INSURANCE COMPANY United States Managers Starkweather Shepley Inc Hon William A Wright Ins Com Attorney for Service ICapital Stock 1 Deposit capital pursuant to laws of N Y State 216000 00260 ComptrollerGenerals Report 2 Amount of ledger assets as per balance December 31 of previous years 635116 14 IIIncome 3 Gross premiums 809645 33 4 Deduct reinsurance premiums fire 357 15668 return premiums 18129454 538451 22 7 Total premiums other than perpetual 271194 11 11 Gross interest on bonds and dividends tin stocks less 8000 accrued interest on bonds acquired during 1913 21860 00 12 Gross interest on deposits in trust com panies and banks 2254 30 13 Gross interest from all other sources From cash deposited with Philadelphia Underwriters 3 15 15 Prom Phenix Fire Ins Co for interest under reinsurance treaty 374 63 17 Total gross interest and rents 24492 08 29 Total income 295686 19 IIIDisbursements 1 Gross amount paid policyholders for losses including 3984018 occurring in pre vious years 306835 50 2 Deduct amount received for salvage fire 440120 reinsurance fire 18280842 discount fire 24113 total 187450 75 3 Net amount paid policyholders for losses 119384 75 4 Expenses of adjustment and settlement of losses 2042 66 5 Commissions or brokerage 87361 04 8 Salaries fees and all other charges of officers directors trustees and home office employees 195 00 10 Advertising 27756 printing and stationery 454 282 10 12 Legal expenses 41 35 15 Underwriters boards and tariff associations 1996 40 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 1797 26 17 Inspection and surveys 477 86 20 State taxes on premiums 4243 97 21 Insurance department licenses and fees 2546 05ComptrollerGenerals Eeport 261 22 All other licenses fees and taxes Federal corporation tax 42 61 City taxes and licenses 982 07 23 Other disbursements Surety Bonds 129 06 25 Commissions on investments 25 00 26 Auditing books 112 50 27 Paid for interest on deposits to Phenix Fire Ins Co and L Cebeille Fire Ins Co under reinsurance treaty 479 19 41 Total Disbursements 222138 87 TVLedger Assets 4 Book value of bonds 534610 00 7 Deposits in trust companies and banks on interest 114772 69 8 Agents balances representing business written subsequent to Oct 1 1913 59180 77 13 Cash deposited with Philadelphia Under writers Assn 100 00 16 Total ledger assets NonLedger Assets 18 Interest accrued on bonds 24 Total 30 Gross assets 6998 33 Deduct Assets Not Admitted 38 Book value of ledger assets over market value 41 Total admitted assets VLiabilities 1 Gross losses adjusted and unpaid 8764 14 2 Gross claims for losses in process of ad justment or in suspense plus 260966 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 42036 54 3 Gross claims for losses resisted 8100 00 4 Total 5 Deduct reinsurance due or accrued 58900 68 28679 33 708663 46 6998 33 715661 79 7460 00 708201 79262 CompteollebGeneeals Repobt 6 Net amount of unpaid losses and claims 30221 35 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 19411468 unearned premiums per recapitulation 194114 68 10 Total unearned premiums as computed above 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 19 Contingent commissions or other charges due or accrued 21 Reinsurance and return premiums due other companies 26 Total amount of all liabilities except capital 27 Deposit capital actually paid up in cash 316000 00 28 Surplus over all liabilities 393675 24 29 Surplus as regards policyholders 30 Total liabilities 708201 79 194114 68 5000 00 19529 66 65659 86 314525 55 393676 24 NATIONAL FIRE INSURANCE COMPANY OF HARTFORD Home Office 95 Pearl Street Hartford Conn James Nichols President G H Tryon Secretary ICapital Stock 1 Amount of capital paidup in cash 2000000 00 2 Amount of ledger assets as per balance December 31 of previous year 14752199 01 4 Extended at 14752199 01 IIIncome 5 Gross premiums 13392 518 64 6 Deduct reinsurance premiums 301505666 and return premiums 1923421 29 4938477 95 7 Total premiums other than perpetual 8454040 69 9 Gross interest on mortgage loans less 63550 accrued interest on mortgages acquired during 1913 92438 05CompteolleeGenebal s Eepobt 263 11 Gross interest on Bonds and dividends on stocks less 984610 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust com panies and banks 14 Interest on bills receivable 15 Interest on certificates of depositbank accounts now closed 16 Gross rents from Companys property in cluding 2000000 for companys occu pancy of its own buildings 493433 60 23079 20 5648 47 952 54 36741 76 17 Total Gross interest and rents 19 Conscience fund 20 Check issued in previous years not presented at bank 24 Increase in liabilities during the year on account of rein surance treaties 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Bonds Stocks 652293 62 177 34 526 92 21301 63 699 74 1295 50 19 25 28 Total income 9130354 69 IIIDisbursements 1 Gross amount paid policyholders for losses including 44190008 occurring in pre vious years 6201309 94 2 Deduct amount received for Salvage 30 73247 and for reinsurance in other com panies 181536745 1846099 92 3 Net amount paid policyholders for losses 4355210 02 4 Expenses of adjustment and settlement of losses 53694 13 5 Commissions or brokerage 1513 826 69 6 Allowances to local agencies for miscellaneous agency expenses 1811 74 7 Salaries 75502946 and expenses 20704952 of special and general agents 962078 98 8 Salaries fees and all other charges of officers directors trustees and home office employes 223247 88 9 Rents including 2000000 for Companys occupancy of its own buildings 50964 68 10 Advertising 2752838 Printing and Stationery 69 37188 96900 26 11 Postage telegrams telephone and express 70482 17 12 Legal expenses 10902 15 13 Furniture and Fixtures 18548 44264 CompteollebGeneeals Bepobt 14 Maps including corrections 14588 40 15 Underwriters Boards and Tariff Associations 108782 80 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 52576 69 17 Inspections and Surveys 12123 78 18 Repairs and expenses other than taxes on Eeal Estate 5017 99 19 Taxes on Eeal Estate 9671 49 20 State taxes on premiums 154638 59 21 Insurance department licenses and fees 30104 60 22 All other licenses fees and taxes Federal corporation tax 5201 76 Tax on capital stock 63878 70 City and county taxes 13239 69 State county and city licenses and fees 17157 47 Other taxes licenses fees 605 07 23 Other Disbursements Departmental examination 16646 12 25 Office expenses 12417 62 26 Mercantile reports 2914 78 27 Premiums on Surety bonds 560 55 28 Traveling expenses 6819 13 29 Other miscellaneous expense 2410 30 30 Investment expenses and commissions 2101 85 31 Interest on Advance Payments German Ins Co 177 45 32 Interest paid on uninvested reserves of reinsurance com panies 1981 38 34 Paid stockholders for interest or dividends amount de clared during the year 40000000 400000 00 38 Agents balances charged off 1763 17 39 Gross loss on sale or maturity of ledger assets viz Eeal Estate 8836 22 Bonds 9309 25 41 Total disbursements 8311191 99 IVLedger Assets 1 Book value of real estate 597364 24 2 Mortgage loans on real estate 1566150 00 4 Book value of bonds 971971758 and Stocks 121730604 10937023 62 5 Cash in companys office 1751 02 6 Deposits in Trust companies and banks not on interest 101758 01 7 Deposits in Trust companies and banks on interest 810188 44 8 Agents balances representing business written subsequent to October 1 1913 1285262 65 9 Agents Balances representing business written prior to October 1 1913 34565 91ComptrollerGenerals Eeport 265 11 Bills receivable taken for fire risks 216983 54 12 Other ledger assets viz Cash in Branch offices Chicago 34342 Omaha 3 12012 New Orleans 1176088 total 15224 42 13 Bills receivable taken for agents balances 2139 13 Collections due from financial agents 12500 00 14 Due from department managers for home office reinsurance 21519 08 15 Less due to special agents 1682851 Due to other insurance companies 1423984 3106835 16 Total ledger assets 15571361 71 NonLedger Assets 17 Interest due 33500 and accrued 27 44911 on mortgages 27784 11 18 Interest accrued on bonds 132228 73 24 Total 160012 84 25 Market value of leal estate over book value 12803 25 30 Gross assets 15744177 80 Deduct Assets Not Admitted 34 Agents balances representing business written prior to October 1 1913 34565 91 35 Bills receivable past due taken for marine inland and fire risks 9799 90 38 Book value of Ledger assets over market value viz Bonds and stocks 177254 47 39 Other assets not admitted viz Bills receivable taken for agents balances 2139 13 Collections due from financial agents 12500 00 Due from department managers for home office reinsurance 21519 08 Due from other insurance companies 637 78 41 Total admitted assets 15485761 53 VLiabilities 1 Gross losses adjusted and unpaid 160064 94 2 Gross claims for losses in process of ad justment or in suspense plus 4053456 reserve for losses incurred prior to Dec 31st of which no notice had been receiv 266 ComptrollerGenerals Report ed on that date 692411 51 3 Gross claims for losses resisted 82438 07 4 Total 934914 52 5 Deduct reinsurance due or accrued 322391 86 6 Net amount of unpaid losses and claims 612522 66 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 1587035022 unearned premiums per recapitulation 8140335 93 10 Total unearned premiums as computed above 8140335 93 17 Salaries rents expenses bills accounts fees etc due or accrued 27623 95 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 225000 00 19 Contingent commissions or other charges due or accrued 22376 05 20 Funds held under reinsurance treaties 75462 00 24 Special reserve fund covering all contingent liabilities 300000 00 26 Total amount of all liabilities except capital 9403320 65 27 Capital actually paid up in cash 2000000 00 28 Surplus over all liabilities 4082440 88 29 Surplus as regards policyholders 6082440 88 30 Total liabilities 15485761 53 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31st day of Dec as per line 6 under this heading in last years statement 1784752338 18704873 97 2 Written or renewed during the year 1381715512 00 13392518 64 3 Excess of original premiums over amount received for reinsurance 179801 69 4 Total 3166467850 00 32277194 30 5 Deduct those expired and marked off as terminated 1246865999 12745421 95 6 In force at the end of the year 1919601851 19531772 35 7 Deduct amount reinsured 386361234 3661422 13 8 Net amount in force 1533240617 15870350 22CompteollebGeneeals Repoet 267 Business in The State of Georgia During Tie Year 27 Gross risks written 16639116 00 Less 157995500 risks cancelled and 105470500 reins in authorized Companies 2634660 00 Net risks written 14004456 00 28 Gross premiums received 147640 09 Less 1890874 return premiums and 482862 premiums for reinsurance in authorized companies 23737 36 Net premiums received 123902 73 29 Losses paid deducting salvage 71602 32 Less losses on risks reinsured in authorized companies 10091 23 Net losses paid 61511 09 30 Losses incurred 74006 42 Less losses on risks reinsured in authorized companies 10076 87 Net losses incurred 63929 55 NATIONAL UNION FIRE INSURANCE COMPANY E E Cole President W F Braun Secretary C A Thornton Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 1000000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 4207720 84 4 Extended at 4207720 84 ITIncome 5 Gross premiums 4862550 64 6 Deduct reinsurance premiums fire 1301 15374 return premiums fire 859 10111 total 2160254 85 7 Total premiums other than perpetual 2702295 79 9 Gross interest on mortgage loans less 117 accrued interest on mortgages acquired during 1913 34465 34268 ComptrollerGenerals Eeport 10 Gross interest on collateral loans 6037 50 11 Gross interest on bonds and dividends on stocks less 219015 accrued interest on bonds acquired during 1913 122745 37 12 Gross interest on deposits in trust com panies and banks 4863 04 13 Interest on bills receivable taken for fire risks 389 52 14 Gross income from unlisted assets 206 95 15 Gross interest received from other companies 1130 00 16 Gross rents from companys property 2303 37 17 Total gross interest and rents 172141 09 24 Increase in liabilities during the year on account of re insurance treaties 1734 60 25 From agents balances previously charged off 632 37 26 Gross profit on sale or maturity of ledger assets viz Bonds 122 00 28 Total income 2876925 85 IIIDisbursements 1 Gross amount paid policyholders for losses including 20610225 occurring in pre vious years 2130634 63 2 Deduct amount received for Salvage fire 532732 reinsurance fire 83253916 Discount fire 77210 total 838638 58 3 Net amount paid policyholders for losses 1291996 05 4 Expenses of adjustment and settlement of losses 38078 37 5 Commissions or brokerage 436903 39 6 Allowances to local agencies for miscellaneous agency expenses 12205 11 7 Salaries 8447988 and expenses 6158880 of special and general agents 146068 68 8 Salaries fees and all other charges of officers directors trustees and home office employees 121510 72 9 flents 14234 84 10 Advertising 186075 printing and stationery 2762407 29484 82 11 Postage telegrams telephone and express 15667 26 12 Legal expenses 1170 82 13 Furniture and fixtures 2318 05 14 Maps including corrections 9944 43 15 Underwriters boards and tariff associations 29507 40 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 9835 81 17 Inspections and surveys 4917 88CompteolleeGenebals Kepobt 269 18 Repairs and expenses other than taxes on real estate 342 87 19 Taxes on real estate 525 15 20 State taxes on premiums 66308 57 21 Insurance department licenses and fees 18310 18 22 All other licenses fees and taxes Federal corporation tax 1434 15 Municipal licenses 8486 50 Pennsylvania Franchise tax 4096 57 23 Other disbursements Interest paid 606 95 34 Paid stockholders for interest or dividends amount de clared during the year 9000000 45000 00 38 Agents balances charged off 2115 45 39 Gross loss on sale or maturity of ledger assets viz Bonds 9535 94 Stocks 766 67 40 Gross decrease by adjustment in book value of ledger assets viz Stocks 12783 33 41 Total disbursements 2334155 96 FVLedger Assets 1 Book value of real estate 30654 40 2 Mortgage loans on real estate 536850 00 3 Loans secured by pledge of bonds stocks or other collateral 115000 00 4 Book value of bonds 239591456 and stocks 39712858 2793043 14 5 Cash in companys office 19925 50 6 Deposits in trust companies and banks not on interest 40632 70 7 Deposits in trust companies and banks on interest 217296 28 8 Agents balances representing business writ ten subsequent to Oct 1 1913 621291 95 9 Agents balances representing business writ ten prior to Oct 1 1913 7862 26 11 Bills receivable taken for fire risks 257626 12 12 Other ledger assets viz Due from other companies 110308 38 16 Total ledger assets 4750490 73 NonLedger Assets 17 Interest accrued on mortgages 9422 14 20 Interest accrued on bonds 34388 26 19 Interest accrued on collateral loans 1510 96 24 Total 45321 3 30 Gross assets 4795812 09270 ComptrollerGeneeals Bepoet Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to Oct 1 1913 7862 26 35 Bills receivable past due taken for marine inland and fire risks 29171 98 38 Book value of ledger assets over market value viz Bonds and stocks 75172 58 41 Total admitted assets 4683605 27 VLiabilities 1 Gross losses adjusted and unpaid 28124 86 2 Gross claims for losses in process of ad justment or in suspense plus 1450000 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 71600 20 3 Gross claims for losses resisted 36780 29 4 Total 336505 35 5 Deduct reinsurance due or accrued 135315 90 6 Net amount of unpaid losses and claims 201189 45 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 527467125 unearned premiums per recapitulation 2889334 34 10 Total unearned premiums as computed above 2889334 34 16 Dividends declared and unpaid to stockholders 45000 00 17 Salaries rents expenses bills accounts fees etc due or accrued 500 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 60000 00 20 Funds held under reinsurance treaties 78823 81 26 Total amount of all liabilities except capital 3274847 60 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 408757 67 29 Surplus as regards policyholders 1408 757 67 30 Total liabilities 4683605 27CompteolleeGeneeals Eepoet 271 VIRisks and Premiums Pire Risks Premiums Thereon 1 In force on the 31st day of Dec as per line 6 under this heading in last years statement 470352271 00 5705757 01 2 Written or renewed during the year422039678 00 4862550 64 3 Excess of original premiums over amount received for reinsurance 235714 19 4 Total 892391949 00 10804021 84 5 Deduct those expired and marked off as terminated 318797365 00 3842169 63 6 In force at the end of the year573594584 00 6961852 21 7 Deduct amount reinsured 137855057 00 1687180 96 8 Net amount in force435739527 00 5274671 25 Business in The State of Georgia During The Year 27 Gross risks written 4595643 00 Less 64261400 risks cancelled and 2190000 reinsurance in companies authorized in Georgia 664514 00 Net risks written 3931129 00 28 Gross premiums on risks written 65742 06 Less 1273795 return premiums and 11010 premiums for reinsurance in companies authorized in Georgia 12848 05 Net premiums received 52894 01 29 Losses paid deducting salvage 38935 03 30 Losses incurred 54907 74 NEWARK STOCK FIRE INSURANCE COMPANY E J Haynes President T L Farquhar Secretary ICapital Stock 1 Amount of capital stock paid up in cash 500000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 1897635 70 4 Extended at 1897635 70272 CompteolleeGtbneeals Bepobt IIIncome 5 Gross premiums 1374294 11 6 Deduct reinsurance premiums fire 207 21539 return premiums fire 22848579 435701 18 7 Total premiums other than perpetual 938592 93 9 Gross interest on mortgage loans 25588 13 11 Gross interest on bonds and dividends on stocks 48314 89 12 Gross interest on deposits in trust companies and banks 1190 03 15 Philadelphia Fire Underwriters Association 3 15 16 Gross rents from companys property in cluding 450000 for companyS occu pancy of its own buildings 4500 00 17 Total gross interest and rents 79596 20 23 Federal income tax refunded 18 89 28 Total income 1018208 02 IIIDisbursements 1 Gross amount paid policyholders for losses including 7567803 occurring in pre vious years 498280 82 2 Deduct amount received for salvage fire 214289 reinsurance fire 8635124 discount fire 23309 total 88727 22 3 Net amount paid policyholders for losses 409553 60 4 Expenses of adjustment and settlement of losses 7444 94 5 Commissions or brokerage 200107 03 7 Salaries 3591341 and expenses 2218223 of special and general agents 58095 64 8 Salaries fees and all other charges of officers directors trustees and home office employees 54247 85 9 Bents including 450000 for companys occupancy of its own buildings 5666 37 10 Advertising 482134 printing and stationery 1048999 15311 33 11 Postage telegrams telephone and express 6902 68 12 Legal expenses 483 63 13 Furniture and fixtures 2819 62 14 Maps including corrections 6118 73 15 Underwriters boards and tariff associations 10059 98 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 4152 34 17 Inspections and surveys 3966 44CompteolleeGenebals Repoet 273 18 Repairs and expenses other than taxes on real estate 3978 29 19 Taxes on real estate 2779 72 20 State taxes on premiums 17961 51 21 Insurance department licenses and fees 7822 17 22 Taxes on personal property 1212 36 30 Towels ice drinking water employees bonds moving ex penses etc 631 71 34 Paid stockholders for interest or dividends amount de clared during the year 6990500 69746 50 38 Agents balances charged off 540 16 39 Gross loss on sale or maturity of ledger assets viz Bonds 10 00 41 Total disbursements 889612 60 IVLedger Assets 1 Book value of real estate 145523 24 2 Mortgage loans on real estate 508250 00 4 Book value of bonds 73081865 and stocks 34335863 1074177 28 5 Cash in companys office 548 75 7 Deposits in trust companies and banks on interest 136239 97 8 Agents balances representing business writ ten subsequent to Oct 1 1913 156053 18 9 Agents balances representing business writ ten prior to Oct 1 1913 5338 70 15 Philadelphia Fire Underwriters Association deposit 100 00 16 Total ledger assets 2026231 12 NonLedger Assets 17 Interest due 22800 and accrued 675265 on mortgages 6980 65 18 Interest accrued on bonds 9673 34 24 Total 16653 99 25 Market value of real estate over book value 4476 76 28 Due from other companies on losses already paid Allemania Fire Ins Co 2955 Reinsurance Bureau 51075 Com merce Ins Co 02 Russian Reinsurance Co 830455 Farmers Fire Ins Co 1250 Standard Ins Co 01 Mechanics Traders Ins Co 06 Western Ins Co 03 total 8857 47 30 Gross assets 2056219 34274 ComptrollerGenerals Eeport Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to Oct 1 1913 5338 70 38 Book value of ledger assets over market value 40987 87 41 Total admitted assets 2 009 892 77 VLiabilities 1 Gross losses adjusted and unpaid 53241 00 2 Gross claims for losses in process of ad justment or in suspense plus 687900 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 75247 16 3 Gross claims for losses resisted 15272 00 4 Total 143760 16 5 Deduct reinsurance due or accrued 27269 00 6 Net amount of unpaid losses and claims 116 491 16 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 137921154 unearned premiums per recapitulation 757389 87 10 Total unearned premiums as computed above 757 389 87 16 Dividends declared and unpaid to stockholders 8444 25 17 Salaries rents expenses bills accounts fees etc due or accrued 2033 93 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 17500 00 21 Reinsurance and return premiums due other companies 21660 87 26 Total amount of all liabilities except capital 901859 21 27 Capital actually paid up in cash 500000 00 28 Surplus over all liabilities 608 033 56 29 Surplus as regards policyholders 1108 033 56 30 Total liabilities 2009892 77 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31st day of Dec as perComptkollebGtenebax s Bepobt 275 line 6 under this heading in last years statement 121935884 00 1219553 20 2 Written or renewed during the year 126376804 00 1374294 11 4 Total248312688 00 2593847 31 5 Deduct those expired and marked off as terminated 89162433 00 967975 14 6 In force at the end of the year159150255 00 1625872 17 7 Deduct amount reinsured 21135425 00 246660 63 8 Net amount in force 138014830 379211 54 Business in The State of Georgia During The Year 27 Gross risks written 1043298 00 Less 22198200 risks cancelled and 12070600 reinsur ance in companies authorized in Georgia 342688 00 Net risks written 700610 00 28 Gross premiums on risks written 16399 73 Less 314849 return premiums and 197075 premiums for reinsurance in companies authorized in Georgia 511924 Net premiums received 29 Losses paid deducting salvage 30 Losses incurred 11280 49 2427 72 2456 72 NEW BRUNSWICK FIRE INSURANCE COMPANY Geo A Viehmann President Chas D Ross Secretary Robert N Hughes Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 300000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 841164 64 3 Increase of paidup capital during the year 100000 00 4 Extended at 841164 64276 CompteolleeGeneeals Bepobt IIIncome 5 Gross premiums 819125 15 6 Deduct reinsurance premiums fire 119 44726 return premiums fire 22570771 345154 97 7 Total premiums other than perpetual 545970 18 9 Gross1 interest on mortgage loans less 63126 accrued interest on bonds ac quired during 1913 12198 96 10 Gross interest on collateral loans 256 66 11 Gross interest on bonds and dividends on stocks less 70612 accrued interest on bonds acquired during 1913 19294 36 12 Gross interest on deposits in trust com panies and banks 1014 06 16 Gross rents from companys property in cluding 2500 for companys occupancy of its own buildings 12310 00 17 Total gross interest and rents 45074 04 18 Prom other sources For new capital and surplus examined and approved 110950 00 20 Account increase of capital and surplus 43350 01 26 Gross profit on sale or maturity of ledger assets viz Bonds 350 00 28 Total income 750694 23 mDisbursements 1 Gross amount paid policyholders for losses including 3762245 occurring in pre vious years 340616 75 2 Deduct amount received for salvage fire 394565 reinsurance fire 6230328 Discount fire 24370 total 66492 63 3 Net amount paid policyholders for losses 274124 12 4 Expenses of adjustment and settlement of losses 6797 06 5 Commissions or brokerage 130306 10 7 Salaries 2440381 and expenses 2004464 of special and general agents 44448 45 8 Salaries fees and all other charges of officers directors trustees and home office employees 27066 98 9 Eents 2500 00 10 Advertising 127261 printing and stationery 464816 5920 77 11 Postage telegrams telephone and express 4123 55COMPTROLLERGrENERALS REPORT 277 12 Legal expenses 5 27 13 Furniture and fixtures 72 28 14 Maps including corrections 1418 85 15 Underwriters boards and tariff associations 3103 09 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 4789 86 17 Inspections and surveys 4000 01 18 Repairs and expenses other than taxes on real estate 4449 04 19 Taxes on real estate 1833 20 20 State taxes on premiums 7052 49 21 Insurance department licenses and fees 5274 79 22 All other licenses fees and taxes Federal corporation tax 24278 personal tax 11681 city licenses 239500 2754 59 24 Miscellaneous expense ice water 149 12 34 Paid stockholders for interest or dividends amount de clared during the year 31917 30 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 6693 75 41 Total disbursements 568800 67 IVLedger Assets 1 Book value of real estate 132362 00 2 Mortgage loans on real estate 241596 00 4 Book value of bonds 22488863 and stocks 26898005 493868 68 5 Cash in companys office 14985 00 7 Deposits in trust companies and banks on interest 58163 68 8 Agents balances representing business writ ten subsequent to Oct 1 1913 81570 41 9 Agents balances representing business writ ten prior to Oct 1 1913 412 43 13 Deposit with Philadelphia Underwriters 100 00 16 Total ledger assets 1023058 20 NonLedger Assets 17 Interest accrued on mortgages 1995 87 20 Interest accrued on bonds 2815 10 24 Total 4810 97 26 Market value not including interest in item 18 of bonds and stocks over book value 19792 32 30 Gross assets 1047661 49278 ComptrolleeGenebals Eepoet Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to Oct 1 1913 412 43 39 One mortgage not considered good 317 00 40 Total 729 43 41 Total admitted assets 1 046 932 06 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense 55515 00 4 Total 55515 00 5 Deduct reinsurance due or accrued 11793 82 6 Net amount of unpaid losses and claims 43721 18 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 88818491 unearned prem iums per recapitulation 480 617 41 1C Dividends declared and unpaid to stockholders 42 97 17 Salaries rents expenses bills accounts fees etc due or accrued 250 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 2250 00 24 On account of increase in capital 28 600 00 25 On account of increase in surplus 19 750 01 26 Total amount of all liabilities except capital 575231 57 27 Capital actually paid up in cash 300000 00 28 Surplus over all liabilities 171 700 49 29 Surplus1 as regards policyholders 471 700 49 30 Total liabilities 1046932 06 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31st day of Dec as per line 6 under this heading in last years statement 73778282 00 939016 06 2 Written or renewed during the year 73040147 00 891125 CoMPTBOLLERGrENERAL S RePOBT 279 3 Excess of original premiums over amount received for reinsurance 2157 13 4 Total146818429 00 1832298 34 5 Deduct those expired and marked off as terminated 63173272 00 782278 65 6 In force at the end of the year 83645157 00 1050019 69 7 Deduct amount reinsured 12258228 00 161834 78 8 Net amount in force 71386929 00 1184 91 Business in the State of Georgia During the Year 27 Gross risks written 2783427 00 Less 67681300 risks cancelled and 48847900 reinsur ance in companies authorized in Georgia Net risks written 1618135 00 28 Gross premiums on risks written 51076 14 Less 1057891 return premiums and 836605 premiums for reinsurance in companies authorized in Georgia 18944 96 Net premiums received 32131 18 29 Losses paid deducting salvage 10835 86 Less losses on risks reinsured in companies authorized in Georgia 2421 87 Net losses paid 8413 99 30 Losses incurred 12826 86 Less losses on risks reinsured in companies authorized in Georgia 2314 37 Net losses incurred 10512 49 NEW HAMPSHIRE FIRE INSURANCE COMPANY Frank W Sargeant President Lewis W Crockett Secretary Home Office 876 Elm Street Manchester N H ICapital Stock 1 Amount of capital stock paid up in cash 1350000 00280 ComptrollerGenerals Eeport 2 Amount of ledger assets as per balance Dee 31 of previous years 5450192 93 4 Extended at 5450192 93 IIIncome 5 Gross premiums 3451241 44 6 Deduct reinsurance premiums fire 644 13689 return premiums fire 38501310 1029149 99 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 226401 accrued interest on bonds acquired during 1913 16 Gross rents from companys property in cluding 150000 for companys occu pancy of its own buildings 5663 25 229 15 248830 03 12182 37 17 Total gross interest and rents 25 Prom agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Real estate Bonds Stocks 27 Gross increase by adjustment in book value of ledger assets viz Stocks 266904 80 81 75 200 00 1373 75 17332 92 161 81 28 Total income 2708146 48 IIIDisbursements 1 Gross amount paid policyholders for losses including 28505926 occurring in pre vious years 1663441 07 2 Deduct amount received for Salvage fire 942887 Reinsurance fire 40087811 discount fire 89470 total 411201 68 3 Net amount paid policyholders for losses 1252239 39 4 Expenses of adjustment and settlement of losses 15739 15 5 Commissions or brokerage 522 369 85 6 Allowances to local agencies for miscellaneous agency ex penses 28979 00 7 Salaries 6232088 and expenses 6834930 of special and general agents 130670 18ComptrollebGeneeals Eeport 281 8 Salaries fees and all other charges of officers directors trustees and home office employees 72795 80 9 Rents including 150000 for companys occupancy of its own buildings 1500 00 10 Advertising 514311 printing and stationery 1547216 20615 27 11 Postage telegrams telephone and express 7635 50 12 Legal expenses 3504 73 13 Furniture and fixtures 1105 47 14 Maps including corrections 9975 70 15 Underwriters boards and tariff associations 28348 51 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 3202 09 17 Inspections and surveys 17079 70 18 Repairs and expenses other than taxes on real estate 5115 83 19 Taxes on real estate 2406 22 20 State taxes on premiums 55345 04 21 Insurance department licenses and fees 10949 64 22 All other licenses fees and taxes Federal corporation tax 3049 46 Municipal taxes and licenses 7587 37 Franchise tax 13500 00 23 Other disbursements Miscellaneous expenses 9979 78 34 Paid stockholders for interest or dividends amount de clared during the year 13500000 134970 00 38 Agents balances charged off 280 75 39 Gross loss on sale or maturity of ledger assets viz Stocks 176 92 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 3313 75 Stocks 17586 00 41 Total disbursements 2380021 10 rVLedger Assets 1 Book value of real estate 95000 00 2 Mortgage loans on real estate first liens 102950 00 3 Loans secured by pledge of bonds stocks or other collateral 100000 00 4 Book value of bonds 319514647 and stocks 151337603 4708522 50 5 Cash in companys office 350 52 6 Deposits in trust companies and banks not on interest 355329 12 8 Agents balances representing business writ ten subsequent to October 1 1913 409123 28 9 Agents balances representing business writ ten prior to Oct 1 1913 7042 89 16 Total ledger assets 5778318 31282 ComptrollerGeneral s Eepoet NonLedger Assets 17 Interest accrued on mortgages 1452 96 20 Interest accrued on bonds 50 792 43 19 Interest accrued on collateral loans 215 95 21 Total 52461 34 22 Due from Munich Reinsurance Company 251 13 25 Market value of real estate over book value 7 250 00 26 Market value not including interest in item 18 of bonds and stocks over book value 419 289 00 30 Gross assets 6257569 78 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to Oct 1 1913 7042 89 41 Total admitted assets 6250526 89 VLiabilities 1 Gross losses adjusted and unpaid 56422 08 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 188681 78 3 Gross claims for losses resisted 15 443 00 4 Total 260546 86 5 Deduct reinsurance due or accrued 66 230 38 6 Net amount of unpaid losses and claims 194 316 48 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 470072119 unearned premiums per recapitulation 2421864 74 10 Total unearned premiums as completed above 2421864 74 16 Dividends declared and unpaid to stockholders 67530 00 17 Salaries rents expenses bills accounts fees etc due or accrued 15000 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 45000 00 21 Reinsurance and return premiums due 53 382 00ComptbolleeGeneeals Report 283 23 All other liabilities viz Eeserve for contingent liabilities 250000 00 25 Sinking fund for office building 150000 00 26 Total amount of all liabilities except capital 3197093 22 27 Capital actually paid up in cash 1350000 00 28 Surplus over all liabilities 1703433 67 29 Surplus as regards polieyholders 3053433 67 30 Total liabilities 6250526 89 VIRisks and Premiums Fire Risks Premiums thereon 1 In force December 31 1912445938781 00 4808820 32 2 Written or renewed in 1913 314598057 00 3451241 44 3 Excess of original premiums over amount received for reinsurance 137728 02 4 Totals760536838 00 8397789 78 5 Deduct expirations and cancellations251737513 00 2981119 02 6 In force December 31 1913v508799325 00 5416670 76 7 Deduct amount reinsured 69174678 00 715949 57 8 Net amount in force439624647 00 4700721 19 Business in The State of Georgia During The Year 27 Gross risks written 4938222 00 Less 49874200 risks cancelled and 145620000 reinsur ance in companies authorized in Georgia 1954942 00 Net risks written 2983280 00 28 Gross premiums on risks written 52967 79 Less 793711 return premiums and 1343924 premiums for reinsurance in companies authorized in Georgia 21376 35 Net premiums received 31591 44 29 Losses paid deducting salvage 19765 96 Less losses on risks reinsured in companies authorized in Georgia 8281 17 Net losses paid 11384 79 30 Losses incurred 31905 31 Less losses on risks reinsured in companies authorized in Georgia 14297 29 Net losses incurred 17608 02284 CompteollebGeneeals Repoet NIAGARA FIRE INSURANCE COMPANY Harold Herrick President Geo W Dewey Seeretary J Hall Miller Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 1000000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 6708909 30 4 Extended at 7708909 30 HIncome 5 Gross premiums 4820753 18 6 Deduct reinsurance premiums fire 848 80888 marine and inland 29916 re turn premiums fire 72470309 marine and inland 510134 total 1578912 47 7 Total premiums other than perpetual 3241840 71 9 Gross interest on mortgage loans 26716 05 11 Gross interest on bonds and dividends on stocks less 22222 accrued interest on bonds acquired during 1913 269188 07 12 Gross interest on deposits in trust com panies and banks 2903 15 14 Prom note 170 00 15 From deposit with Phila Underwriters 3 15 17 Total gross interest and rents 19 From deposit with Brooklyn Trust Co withdrawn Jan 15 1913 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Bonds 298980 42 943 05 1094 23 50 28 Total income 3542858 91 IIIDisbursements 1 Gross amount paid policyholderg for losses including 24940002 occurring in pre vious years 1913873 59ComptbolleeGeneeals Eepoet 285 2 Deduct amount received for salvage fire 1221823 marine and inland 32500 reinsurance fire 24555635 discount fire 4275 total 258142 33 3 Net amount paid polieyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 7 Salaries 7127175 and expenses 5781364 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents 10 Advertising 387135 printing and stationery 3304247 11 Postage telegrams telephone and express 12 Legal expenses 13 Furjiiture and fixtures 14 Maps including corrections 15 Underwriters boards and tariff associations 16 Fire department fire patrol and salvage corps assessments 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 Municipal licenses State Licenses Internal revenue tax 23 Other disbursements Incidentals 25 Commercial reports 26 Exchange 27 Duty 28 Subscriptions papers and periodicals 29 Premium on fidelity bonds 30 Premium on office furniture and fixtures 34 Paid stockholders for interest or dividends amount de clared during the year 38 Agents balances charged off 1655731 26 40198 80 624189 00 129085 39 200654 47 41144 90 36913 82 23606 17 6037 88 8167 20 21414 66 39880 45 12001 00 21183 10 72506 54 15059 89 2643 01 7896 9 3586 21 2877 86 2450 95 1306 07 3322 34 32 56 2821 72 250 50 322 76 250000 00 175 49 41 Total disbursements 3225460 90 IVLedger Assets 2 Mortgage loans on real estate 563000 00 4 Book value of bonds 184115825 and stocks 363037 14 5477195 39 5 Cash in companys office 1995 79286 ComptrollerGenerals Eeport 6 Deposits in trust companies and banks not on interest 168084 46 7 Deposits in trust companies and banks on interest 235124 71 8 Agents balances representing business writ ten subsequent to Oct 1 1913 550225 36 9 Agents balances representing business writ ten prior to Oct 1 1913 30681 60 16 Total ledger assets 7026307 31 NonLedger Assets 17 Interest accrued on mortgages 7644 77 18 Interest accrued on other assets 943 15 20 Interest accrued on bonds 23240 57 21 Deposit with Metropolitan Trust Co 571 23 22 Deposit with New York Trust Co 371 92 24 Total 31828 49 30 Gross assets 7058135 80 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to Oct 1 1913 30681 CO 38 Book value of ledger assets over market value 110532 39 41 Total admitted assets 6916921 81 VLiabilities 1 Gross losses adjusted and unpaid 1720 85 2 Gross claims for losses in process of ad justment or in suspense plus 2549300 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 267093 68 3 Gross claims for losses resisted 57 291 53 4 Total 326106 06 5 Deduct reinsurance due or accrued 69 734 52 6 Net amount of unpaid losses and claims 256 371 54 7 Gross premiums less reinsurance received and receivable upon all unexpired fireComptbollebGenebals Repobt 287 risks 594854206 unearned premiums per recapitulation 3001353 98i 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 30 14893 unearned premiums fifty per cent 15074 46 10 Total unearned premiums as computed above 3096428 44 17 Salaries rents expenses bills accounts fees etc due or accrued 4710 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 50000 00 19 Contingent commissions or other charges due or accrued 6000 00 26 Total amount of all liabilities except capital 3413509 98 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 2503411 83 29 Surplus as regards policyholders 3503411 83 30 Total liabilities 6916921 81 VIRisks and Premiums Fire Risks Premiums thereon 1 In force on the 31st day of Dec as per line 6 under this heading in last years statement 671561702 00 6818051 74 2 Written or renewed during the year444316855 00 4820753 18 3 Excess of original premiums over amount received for reinsurance 8 339 67 4 Total 1115878557 00 11647144 59 5 Deduct those expired and marked off as terminated 408711887 00 4505204 29 6 In force at the end of the year707166670 00 7141940 30 7 Deduct amount reinsured 112757468 00 1163249 31 8 Net amount in force594409202 00 5978690 99 Business in the State of Georgia During the Year 27 Gross risks written 3083979 00 Less 66708000 risks cancelled and 2700000 reinsurance in companies authorized in Georgia 694080 00 Net risks written 2389899 00288 ComptrollerGenerals Eeport 28 Gross premiums on risks written 45416 38 Less 670844 return premiums and 71056 premiums for reinsurance in companies authorized in Georgia 7419 00 Net premiums received 37997 38 29 Losses paid deducting salvage 26883 84 Less losses on risks reinsured in companies authorized in Georgia 2868 07 Net losses paid 24015 77 30 Losses incurred 30787 80 Less losses on risks reinsured in companies authorized in Georgia 2865 42 Net losses incurred 27922 38 NORDDEUTSCHE INSURANCE COMPANY J H Lenehan United States Manager W H Rhett Attorney for Service in Georgia m ICapital Stock 1 Amount of capital deposited 400000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 877545 80 4 Extended at 877545 80 IIIncome 5 Gross premiums 1417852 71 6 Deduct reinsurance premiums fire 272 42505 marine and inland 2272536 return premiums fire 23712577 marine and inland 1158807 total 543864 25 7 Total premiums other than perpetual 873988 46 11 Gtoss interest on bonds and dividends on stocks less 495145 accrued interest on bonds acquired during 1913 32023 55 12 Gross interest on deposits in trust com panies and banks 1159 18 ComptrollerGenerals Report 289 13 Gross interest from all other sources Re insurance Bureau 25 34 15 Philadelphia Underwriters deposit 3 15 17 Total gross interest and rents 33211 22 19 Remittance from home office 594013 44 28 Total income 1501213 12 IIIDisbursements 1 Gross amount paid policyholders for losses including 2688718 occurring in pre vious years 606504 12 2 Deduct amount received for Salvage fire 425675 marine and inland 39162 reinsurance fire 14201473 marine and inland 26087 discount fire 20346 147127 43 3 Net amount paid policyholders for losses 459376 69 4 Expenses of adjustment and settlement of losses 7459 59 5 Commissions or brokerage 193632 97 6 Allowances to local agencies for miscellaneous agency ex penses 998 58 7 Salaries 1132046 and expenses 1327848 of special and general agents 24598 94 8 Salaries fees and all other charges of officers directors trustees and home office employees 40312 14 9 Rents 2625 00 10 Advertising 374801 printing and stationery 759031 11338 32 11 Postage telegrams telephone and express 5275 23 12 Legal expenses 998 94 13 Furniture and fixtures 4399 03 14 Maps including corrections 4588 55 15 Underwriters boards and tariff associations 3836 26 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 3732 18 17 Inspections and surveys 4193 94 20 State taxes on premiums 10071 53 21 Insurance department licenses and fees 5611 59 22 All other licenses fees and taxes County and municipal taxes 2284 17 23 Other disbursements Miscellaneous expenses 3738 68 25 Auditors fees 1302 77 26 Reinsurance premiums unpaid Dec 31 1913 22513 16 34 Remitted to home office 113940 45 38 Agents balances charged off 9 47 41 Total disbursements 926838 18290 ComptrollerGenerals Eeport IVLedger Assets 4 Book value of bonds 1213900 01 5 Cash in companys office 130 26 6 Deposits in trust companies and banks not on interest 15710 07 7 Deposits in trust companies and banks on interest 62459 47 8 Agents balances representing business writ ten subsequent to Oct 1 1913 154341 00 9 Agents balances representing business writ ten prior to Oct 1 1913 5099 93 10 Bills receivable taken for marine and inland risks 280 00 16 Total ledger assets 1451920 74 NonLedger Assets 20 Interest on bonds 16098 73 24 Total 1468019 47 30 Gross assets 1468019 47 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to Oct 1 1913 5099 93 38 Book value of ledger assets over market value 23520 01 39 Total 28619 94 41 Total admitted assets 1439399 53 VLiabilities 1 Gross losses adjusted and unpaid 14341 41 2 Gross claims for losses in process of ad justment or in suspense plus 246426 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 90049 23 3 Gross claims for losses resisted 3940 00 4 Total 108330 64 5 Deduct reinsurance due or accrued 18681 6910 17 18 19 30 27 COMPTROLLERGrENERAIiS REPORT 291 Net amount of unpaid losses and claims 89648 95 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 78037700 unearned premiums per recapitulation 435643 37 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 6764917 unearned premiums fifty per cent 33824 58 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 281422 un earned premiums 100 per cent 2814 22 Total unearned premiums as computed above 472282 17 Salaries rents expenses bills accounts fees etc due or accrued 200 00 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement i5000 00 Contingent commissions or other charges due or accrued 2500 00 Total liabilities 579631 12 VIRisks and Premiums Fire Risks Premiums thereon In force on the 31st day of Dec as per line 6 under this heading in last years Statement 57811292 00 616016 81 Written or renewed during the year 93540192 00 1119534 67 Excess of original premiums over amount received for reinsurance 1230 56 Total 151351484 00 1736782 04 Deduct those expired and marked off as terminated 59748829 00 673823 84 In force at the end of the year 91602655 00 1062958 20 Deduct amount reinsured 24242607 00 282581 20 Net amount in force 67360048 00 780377 00 Business in the State of Georgia During the Year Gross risks written 1744606 OQ Less 29469100 risks cancelled and 33357000 reinsur ance in companies authorized in Georgia 628261 00292 ComptrollerGenerals Report Net risks written 1116345 00 28 Gross premiums on risks written 32338 02 Less 426588 return premiums and 536449 premiums for reinsurance in companies authorized in Georgia 9630 37 Net premiums received 22707 65 29 Losses paid deducting salvage 4194 33 Less losses on risks reinsured in companies authorized in Georgia 507 02 Net losses paid 3687 31 30 Losses incurred 4502 87 Less losses on risks reinsured in companies authorized in Georgia 507 02 Net losses incurred 3995 85 TJ S BRANCH NORTH BRITISH MERCANTILE FIRE INS CO E G Richards Manager Robert Newbold Secretary ICapital Stock 1 Deposit capital pursuant to laws of Illinois deposited with State of New York 200000 00 2 Amount of ledger assets as per balance December 31 of previous years 9550117 07 LTIncome 3 Gross premiums 7768226 55 4 Deduct reinsurance premiums fire 1260 58248 marine and inland 132159598 2582178 46 7 Total premiums other than perpetual 5186048 09 8 Deposit premiums written on perpetual risks 838 50 11 Gross interest on bonds and dividends on stocks less 222793 accrued interest on bonds acquired during 1913 330085 07 12 Gross interest on deposits in trust com panies and banks 3552 93 13 Gross interest from all other sources 14 Und Sal Co N Y 10000 Und Sal Co Chicago 6000 Phil TJnd Assn 315 West Adjst Insp Co 1200 Mil Und Bldg Assn 2534 total 200 49CompteollebGeneeals Bepobt 293 17 Total gross interest and rents 26 From agents balances previously charged off 27 Gross profit on sale or maturity of ledger assets viz Bonds Stocks 333838 49 24 29 1318 08 1771 19 29 Total income 5523838 64 mDisbursements 1 Gross amount paid policyholders for losses 3007488 19 2 Deduct amount received for salvage fire 1912131 reinsurance fire 45645000 475571 31 3 Net amount paid policyholders for losses 2531916 88 4 Expenses of adjustment and settlement of losses 47644 73 5 Commissions or brokerage 1161360 45 6 Allowances to local agencies for miscellaneous agency ex penses 22935 86 7 Salaries 13014677 and expenses 9875885 of special and general agents 228905 62 8 Salaries fees and all other charges of officers directors trustees and home office employees 305697 68 9 Rents 30966 91 10 Advertising 387455 printing and stationery 3209423 35968 78 11 Postage telegrams telephone and express 31165 28 12 Legal expenses 3927 94 13 Furniture and fixtures 7 293 09 14 Maps including corrections 20549 36 15 Underwriters boards and tariff associations 85820 42 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 52652 94 17 Inspections and surveys 18714 16 20 State taxes on premiums 84168 94 21 Insurance department licenses and fees 18586 26 22 All other licenses fees and taxes Federal corporation tax 8357 38 Fire marshal 495836 municipal 1109415 16052 51 Commercial reports subscriptions 2925 25 27 Remittance to home office 732244 46 33 Deposit premiums returned 774 50 38 Agents balances charged off 645 67 40 Gross decrease by adjustment in book value of ledger assets viz Stocks 1771 19 41 Total disbursements 5451046 26 IVLedger Assets 4 Book value of bonds 717231873 and stocks 130536581 8477684 54294 CompteollebGeneeals Bepoet 5 Cash in companys office 500 00 7 Deposits in trust companies and banks on interest 268066 61 8 Agents balances representing business writ ten subsequent to Oct 1 1913 825752 87 9 Agents balances representing business writ ten prior to Oct 1 1913 43842 93 11 Bills receivable taken for fire risks 834 66 12 Other ledger assets viz Due from other Ins Cos on losses paid 3246 84 13 Mil Und Bldg Assn 18100 Und Slvg Co N Y 100000 Und Salvg Co Chicago 100000 Assn Fire Und Bait Md 10000 Phila Und Assn 10000 So Adjst Bureau 40000 Western Adj and Inspection Bureau 20000 2981 00 16 Total ledger assets 9622909 45 NonLedger Assets 18 Interest on bonds 95401 24 24 Total 95401 24 30 Gross assets 9718310 69 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to Oct 1 1913 43842 93 38 Book value of ledger assets over market value 887166 54 39 Due from other Ins Co s unadmitted 94 75 40 Total 931104 22 41 Total admitted assets 8787206 47 VLiabilities 1 Gross losses adjusted and unpaid due 91 23042 not yet due 253500 93765 42 2 Gross claims for losses in process of adjust ment or in suspense plus 761352 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 440405 33 3 Gross claims for losses resisted 44345 50 4 Total 578516 25ComptrollerGenerals Report 295 5 Deduct reinsurance due or accrued 120650 00 6 Net amount of unpaid losses and claims 457866 25 7 Gross premiums less reinsurance received and receiv able upon all unexpired fire risks 9442672 73 10 Total unearned premiums as computed above 4811859 18 11 Amount reclaimed by the insured on perpetual fire insur ance policies being 95 per cent of the premium or de posit received 38015 12 17 Salaries rents expenses bills accounts fees etc due or accrued 16500 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 82750 00 26 Total amount of all liabilities except capital 5406990 55 27 Deposit capital actually paid up in cash in N Y State 200000 00 28 Surplus over all liabilities 3380215 92 29 Surplus as regards policyholdeTS 3380215 92 30 Total liabilities 8787206 47 VIBisks and Premiums Fire Eisks Premiums thereon 1 In force on the 31st day of Dec as per line 6 under this heading in last years statement 1161651703 10512159 78 2 Written or renewed during the year 869858445 7768226 55 4 Total 2031510148 18280386 33 5 Deduct those expired and marked off as terminated 810546240 7259853 84 6 In force at the end of the year 1220963908 11020532 49 7 Deduct amount reinsured 234633891 1577859 76 8 Net amount in force 986330017 9442672 73 9 Perpetual risks not included above 1342420 deposit premiums on same 4001 o 91 Business in the State of Georgia During the Year 27 Gross risks written 10716873 00 Less 105353500 risks cancelled and 71641000 reinsur ance in companies authorized in Georgia 1769945 00 Net risks written 8946928 00296 ComptbollebGtenebals Eepoet 28 Gross premiums on risks written 3 116135 S5 Less 1791010 return premiums and 819185 premiums foT reinsurance in companies authorized in Georgia 26101 95 Net premiums received 90033 90 29 Losses paid deducting salvage 41100 80 Net losses paid 38092 58 30 Losses incurred 43802 10 Net losses incurred 39289 88 THE NORTHERN ASSURANCE COMPANY LIMITED Geo W Babb Attorney for Service in Georgia ICapital Stock 1 Deposit capital pursuant to laws of Illinois deposited in statutory deposit 200000 00 2 Amount of ledger assets as per balance December 31 of previous years 5381633 23 IIIncome 3 Gross premiums 4617402 36 4 Deduct reinsurance premiums fire 1095 24178 return premiums 79136767 1886609 45 7 Total premiums other than perpetual 2730792 91 11 Gross interest on bonds and dividends on stocks less 8125 accrued interest on bonds acquired during 1913 177631 39 12 Gross interest on deposits in trust com panies and banks 4639 71 16 Gross rents from companys property 8000 04 17 Total gross interest and Tents 190271 14 24 Remittance from home office 209816 50 26 From agents balances previously charged off 14 31 27 Gross profit on sale or maturity of ledger assets viz Bonds 7781 25 29 Total income 3138676 11ComptrollerGenerals Report 297 IIIDisbursements 1 Gross amount paid policy holders for losses including 357166 64 occurring in pre vious years 2037487 28 2 Deduct amount received for salvage fire 1571866 reinsurance fire 53107658 discount fire 52660 total 547321 84 3 Net amount paid policyholders for losses 1490 165 44 4 Expenses of adjustment and settlement of losses 35453 05 5 Commissions or brokerage 444 170 16 7 Salaries 7161729 and expenses 6085688 of special and general agents 132 474 17 8 Salaries fees and all other charges of officers directors trustees and home office employees 226688 58 9 Ee11 27019 62 10 Advertising 1083281 printing and stationery 2493211 35764 92 11 Postage telegrams telephone and express 20505 05 12 Legal expenses 2242 68 13 Furniture and fixtures 5 833 59 14 Maps including corrections 10 310 80 15 Underwriters boards and tariff associations 52 011 18 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 27 378 91 17 Inspections and surveys 17 021 72 20 State taxes on premiums 64 270 89 21 Insurance department licenses and fees 16825 68 22 All other licenses fees and taxes Federal corporation tax 6638 47 County and Municipal taxes etc 11390 14 23 Other disbursements Books newspapers and Periodicals 1111 16 25 Cleaning heating and lighting 1 450 65 26 Collection and exchange fees 3 692 81 27 Traveling 6197 19 28 Miscellaneous 5 Igg gi 38 Agents balances charged off 540 28 38Remitted to home office 495 494 77 39 Gross loss on sale or maturity of ledger assets viz Bonds 170 00 41 Total disbursements 3140011 72 IVLedger Assets 1 Book value of real estate 115000 00 4 Book value of bonds 416939171 and stocks 29426590 4463657 61 5 Cash in companys office 271 70 6 Deposits in trust companies and banks not on interest 4699 85298 ComptrollerGenerals Eeport 7 Deposits in trust companies and banks on interest 280630 95 8 Agents balances representing business writ ten subsequent to October 1 1913 489861 00 9 Agents balances representing business writ ten prior to Oct 1 1913 15294 64 11 Bills receivable taken for fire risks 10881 87 16 Total ledger assets 5380297 62 NonLedger Assets 18 Interest due 2266750 and accrued 27 21341 on bonds 49880 91 25 Market value of real estate over book value 75000 00 27 Other nonledger assets viz Due from other companies for reinsurance on losses al ready paid First Eussian Ins Com pany St Petersburg Russia 1237832 Insurance Company Salamandra St Petersburg Russia 1309542 total 25473 74 29 Earned profit commission due from twenty reinsurance admitted companies 16597 29 30 Gross assets 5547249 56 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to Oct 1 1913 15294 64 35 Bills receivable past due taken for marine inland and fire risks 10881 87 38 Book value of ledger assets over market value 383222 61 40 Total 409399 12 41 Total admitted assets 5137850 44 VLiabilities 1 Gross losses adjusted and unpaid 30505 24 2 Gross claims for losses in process of adjust ment or in suspense plus 836498 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 211619 47 3 Gross claims for losses resisted 77577 50CompteolleeGeneeals Bepoex 299 4 Total 319702 21 5 Deduct reinsurance due or accrued 88941 33 6 Net amount of unpaid losses and claims 230760 88 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 529328055 unearned premiums per recapitulation 2711632 43 10 Total unearned premiums as computed above 2711632 43 17 Salaries rents expenses bills accounts fees etc due or accrued 7643 18 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 76 491 51 19 Contingent commissions or other charges due or accrued 15568 07 26 Total amount of all liabilities except capital 3042096 07 27 Deposit capital actually paid up in cash none in the United States statutory de posit 200000 00 28 Surplus over all liabilities 1895754 37 29 Surplus as regards policyholders 2095754 37 30 Total liabilities 5137850 44 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 633035519 6612077 21 2 Written or renewed during the year454755913 00 4617402 36 3 Excess of original premiums over amount received for reinsurance 1317 07 4 Total 1087791432 11230796 64 5 Deduct those expired and marked off as terminated 423533058 4449026 45 6 In force at the end of the year 664258374 6781770 19 7 Deduct amount reinsured 150166853 1488489 64 8 Net amount in force 514091521 5293280 55300 ComptrollerGenerals Report Business in the State of Georgia During the Year 27 Gross risks written 6312811 00 Less 103609300 risks cancelled and 75011200 reinsur ance in companies authorized in Georgia 1786205 00 Net risks written 4526606 00 28 Gross premiums on risks written 72844 75 Less 812143 return premiums and 340757 premiums for reinsurance in companies authorized in Georgia 11529 00 Net premiums received 61315 75 29 Losses paid deducting salvage 23214 55 Less losses on risks reinsured in companies authorized in Georgia 255 24 Net losses paid 22959 31 30 Losses incurred 24467 85 Less losses on risks reinsured in companies authorized in Georgia 265 24 Net losses incurred 24202 61 NORTHERN INSURANCE CO OF NEW YORK William Mason President James Marshall Secretary Milton Dargan Jr Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 350000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 1314182 68 4 Extended at 1314182 68 IIIncome 5 Gross premiums 1006375 80 6 Deduct reinsurance premiums fire 139 84000 return premiums fire 154 61231 total 294452 31 7 Total premiums other than perpetual 711923 49 9 Gross interest on mortgage loans 5750 00ComptrollerGenerals Beport 301 11 Gross interest on bonds and dividends on stocks 50782 17 12 Gross interest on deposits in trust com panies and banks 376 53 17 Total gross interest and rents 56908 70 26 Gross profit on sale or maturity of ledger assets viz Stocks 137 68 27 Gross increase by adjustment in book value of ledger assets viz Stocks 9850 00 28 Total income 778819 87 IIIDisbursements 1 Gross1 amount paid policyholders for losses including 39934 09 occurring in pre vious years 420266 56 2 Deduct amount received for salvage fire 335657 reinsurance fire 6322519 discount fire 72337 total 67305 13 3 Net amount paid policyholders for losses 352961 43 4 Expenses of adjustment and settlement of losses 8618 59 5 Commissions or brokerage 261759 74 8 Salaries fees and all other charges of officers directors trustees and home office employees 1440 00 9 Rents 4500 00 15 Underwriters boards and tariff associations 5407 12 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 6782 17 20 State taxes on premiums 14179 91 21 Insurance department licenses and fees 4315 80 22 All other licenses fees and taxes Federal corporation tax 19 48 City licenses 260 00 23 Other disbursements Agents bonds 363 37 25 Audit 262 50 26 Engrossing deceased directors memorials 125 00 27 Safe deposit rental 55 00 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 10150 00 Stocks 15362 50 41 Total disbursements 707562 61302 CompteolleeGeneeals Eepoet IVLedger Assets 2 Mortgage loans on real estate 128000 00 4 Book value of bonds 40428000 and stocks 68647500 1090755 00 5 Cash in companys office 39 98 6 Deposits in trust companies and banks not on interest 20257 05 7 Deposits in trust companies and banks on interest 48513 83 8 Agents balances representing business writ ten subsequent to Oct 1 1913 97098 83 9 Agents balances representing business writ ten prior to Oct 1 1913 775 25 16 Total ledger assets 1385439 94 NonLedger Assets 17 Interest accrued on mortgages 1728 75 20 Interest accrued on bonds 4454 12 28 Reinsurance on losses paid Connecticut Ins Co 400 00 30 Gross assets 1392022 81 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 775 25 38 Book value of ledger assets over market value 52950 00 41 Total admitted assets 1338297 56 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense plus 390230 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 51137 14 3 Gross claims for losses resisted 3500 00 4 Total 54637 14 5 Deduct reinsurance due or accrued 10375 94 6 Net amount of unpaid losses and claims 44261 2026 Total amount of all liabilities except capital 27 Capital actually paid up in cash 28 Surplus over all liabilities 350000 00 261984 43 29 Surplus as regards polieyholders 303 CompteolleeGenebals Repobt 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 126504146 unearned premiums per recapitulation 667051 93 10 Total unearned premiums as computed above 667051 93 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 15000 00 726313 13 611984 43 30 Total liabilities 1338297 56 VIEisks and Premiums Eire Eisks Premiums Thereon 1 In force on the 31 day of December as per line 6 under this heading in last years statement 140726359 00 1343783 46 2 Written or renewed during the year 101056758 00 1006375 80 4 Total241783117 00 2350159 26 5 Deduct those expired and marked off as terminated 87891749 00 890166 80 6 In force at the end of the year153891368 00 1459992 46 7 Deduct amount reinsured 20480629 00 194951 00 8 Net amount in force 133410739 00 1265041 46 Businesss in the State of Georgia During the Year 27 Gross risks written 587263 00 Less 12452500 risks cancelled and 2566700 reinsur ance in companies authorized in Georgia 150192 00 Net risks written 437071 00 28 Gross premiums on risks written 8087 33 Less 135851 return premiums and 28888 premiums for reinsurance in companies authorized in Georgia 1647 39 Net premiums received 6439 94S04c ComptrollerGenerals Report 29 Losses paid deducting salvage 2767 98 Less losses on risks reinsured in companies authorized in Georgia 30 54 Net losses paid 2737 44 30 Losses incurred 3767 98 Less losses on Tisks reinsured in companies authorized in Georgia 30 54 Net losses incurred 3737 44 THE NORTH RIVER INSURANCE COMPANY Wm E Hutchins President F H Crum Secretary 93 95 97 Williams St New York City N Y Jas L Riley Atlanta Ga Attorney for Service iu Georgia ICapital Stock 1 Amount of capital stock paid up in cash 350000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 2446424 62 3 Increase of paid up capital during the year 150000 00 3 Surplus paid in during year 1913 75000 00 4 Extended at 2671424 62 IIIncome 5 Gross premiums 3293470 87 6 Deduct reinsurance premiums fire 995 14326 return premiums fire 657 55739 total 1652700 65 7 Total premiums other than perpetual 1740770 22 9 Gross interest on mortgage loans 20473 66 10 Gross interest on collateral loans 1024 09 11 Gross interest on bonds and dividends on stocks less 616021 accrued interest on bonds acquired during 1913 62411 95 12 Gross interest on deposits in trust com panies and banks 6319 62 17 Total gross interest and rents 90229 32 28 Total income 1730999 54ComptrollerGeneral s Eeport 305 IIIDisbursements 1 Gross amount paid policyholders for losses including 18646835 occurring in pre vious years 1371994 35 2 Deduct amount received for salvage fire 2066370 reinsurance fire 49280724 discount fire 172472 total 515195 66 3 Net amount paid policyholders for losses 856798 69 4 Expenses of adjustment and settlement of losses 31309 30 5 Commissions or brokerage 378519 64 7 Salaries 2599141 and expenses 3125540 of special and general agents 57246 81 8 Salaries fees and all other charges of officers directors trustees and home office employees 135787 83 9 Rents 15000 00 10 Advertising 286214 printing and stationery 1089673 13758 87 11 Postage telegrams telephone and express 5959 98 12 Legal expenses 1968 27 14 Maps including corrections 3838 71 15 Underwriters boards and tariff associations 20230 81 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 8901 26 17 Inspections and surveys 7104 80 20 State taxes on premiums 31087 39 21 Insurance department licenses and fees 7494 70 22 All other licenses fees and taxes Federal corporation tax 252 52 Municipal taxes required in various states 5035 83 23 Other disbursements Premiums on Surety Bonds 322 61 25 Carfare 171 72 26 Ice and water 131 43 27 Towels soap 295 60 34 Paid stockholders for interest or dividends amount de clared during the year 35000000 350000 00 39 Gross loss on sale or maturity of ledger assets viz Bonds 8660 16 Stocks 26012 47 40 Gross decrease by adjustment in book value of ledger assets viz Stocks 203 34 41 Total disbursements 1651547 74 IVLedger Assets 2 Mortgage loans on real estate 212100 00 3 Loans secured by pledge of bonds stocks or other collateral 8690 00 4 Book value of bonds 62630937 and stocks 119726573 1823575 10306 ComptrollerGenerals Eeport 7 Deposits in trust companies and banks on interest 392120 75 8 Agents balances representing business writ ten subsequent to Oct 1 1913 314390 57 16 Total ledger assets 2750876 42 NonLedger Assets 17 Interest accrued on mortgages 3393 12 20 Interest accrued on bonds 9660 81 19 Interest accrued on collateral loans 115 86 21 Interest on cash payment of 2000 00 first installment on 80 shrs Delaware L W R R Co stock 60 39 24 Total 13230 18 30 Gross assets 2764106 60 Deduct Assets Not Admitted 38 Book value of ledger assets over market value 30998 45 41 Total admitted assets 2733108 15 VLiabilities 1 Gross losses adjusted and unpaid 3996459 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 223477 41 3 Gross claims for losses resisted 35588 00 4 Total 299030 00 5 Deduct reinsurance due or accrued 127243 81 6 Net amount of unpaid losses and claims 171786 19 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 274677643 unearned premiums per recapitulation 1424661 35 10 Total unearned premiums as computed above 1424661 35 16 Dividends declared and unpaid to stockholders 2152 75CompteollebGenebals Report 307 17 Salaries rents expenses bills accounts fees etc due or accrued 2000 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 25000 00 26 Total amount of all liabilities except capital 1625600 29 27 Capital actually paid up in cash 500000 00 28 Surplus over all liabilities 607507 86 29 Surplus as regards policyholders 1107507 86 30 Total liabilities 2733108 15 VIBisks 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 375199845 00 3956823 36 2 Written or renewed during the year 334328586 00 3293470 87 3 Excess of original premiums over amount received for reinsurance 175589 05 4 Total 709528431 00 7425883 28 5 Deduct those expired and marked off as terminated 313210779 00 3345751 30 6 In force at the end of the year396317652 00 4080131 98 7 Deduct amount reinsured 129509253 00 1333355 55 8 Net amount in force266808399 00 2746776 43 Business in the State of Georgia During the Tear 27 Gross risks written 4176623 00 Less 1725082 risks cancelled and 62384700 reinsur ance in companies authorized in Georgia 2348929 00 Net risks written 1827694 00 28 Gross premiums on risks written 52144 43 Less 1332021 return premiums and 839791 premiums for reinsurance in companies authorized in Georgia 21718 12 Net premiums received 30426 31308 ComptrollerGenerals Report 29 Losses paid deducting salvage 35586 31 Less losses on risks reinsured in companies authorized in Georgia 7077 58 Net losses paid 28508 73 30 Losses incurred 55698 31 Less losses on risks reinsured in companies authorized in Georgia 24573 66 Net losses incurred 31124 65 NORTHWESTERN NATIONAL FIRE INSURANCE COMPANY Wilford M Patton President Joseph Huebl Secretary ICapital Stock 1 Amount of capital stock paid up in cash 1000000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 6742819 27 4 Extended at 6742819 27 HIncome 5 Gross premiums 3352841 30 6 Deduct reinsurance premiums fire 315 52643 return premiums fire 323 30641 total 638832 84 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 439183 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources 14 Gross interest on branch office bank deposit 15 Gross interest on bills receivable 16 Gross rents from companys property in cluding 800000 for companys occu pancy of its own buildings 2714008 46 59229 33 199087 03 3203 27 237 46 506 79 76 31 8321 20 17 Total gross interest and rents 270661 39ComptrollerGenerals Eepobt 309 25 From agents balances previously charged off 10 05 26 Gross profit on sale or maturity of ledger assets viz Real estate 774 77 27 Gross increase by adjustment in book value of ledger assets viz Real estate 8000 00 28 Total income 2993454 67 IIIDisbursements 1 Gross amount paid policyholders for losses including 11981553 occurring in pre vious years 1347289 55 2 Deduct amount received for salvage fire 540750 marine and inland 121528 reinsurance fire 10966361 discount fire 5745 total 116343 84 10 11 12 13 14 15 16 17 18 19 20 21 22 23 25 26 27 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Allowances to local agencies for miscellaneous agency ex penses Salaries 6004160 and expenses 19138162 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Rents including 800000 for companys occupancy of its own buildings Advertising 124635 printing and stationery 1949741 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 assessments 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 Miscellaneous municipal and county taxes and licenses Other disbursements Subscriptions and publications Bradstreet Co Typewriters Dictaphones and repairs Premiums of Fidelity and State Bonds 230945 71 41042 96 676049 81 7093 76 251423 22 105323 02 8000 00 20743 76 23613 73 912 61 3034 78 4060 05 12017 94 15525 87 287 50 4588 95 4102 65 70585 21 18461 07 3899 52 6224 OS 359 93 175 50 1330 4 721 53 310 ComptrollekGenekals Beport 28 Western Insurance Bureau 1149 57 29 Underwriters Protective Association 265 00 30 Merchants and Manufacturers Association 25 00 31 National Board of Fire Underwriters 2084 26 32 Miscellaneous expenses 913 90 34 Paid stockholders for interest or dividends amount de clared during the year 150000 00 38 Agents balances charged off 186 79 29 Gross loss on sale or maturity of ledger assets viz Bonds 128 34 41 Total disbursements 2666864 72 IVLedger Assets 1 Book value of real estate 178000 00 2 Mortgage loans on real estate 1280900 00 4 Book value of bonds 4986462 82 5 Cash in companys office 42980 59 7 Deposits in trust companies and banks on interest 242542 51 8 Agents balances representing business writ ten subsequent to Oct 1 1913 331652 26 9 Agents balances representing business written prior to Oct 1 1913 6055 31 11 Bills receivable taken for fire risks 815 73 16 Total ledger assets 7069409 22 NonLedger Assets 17 Interest accrued on mortgages 10178 33 20 Interest accrued on bonds 22120 67 24 Total 32299 00 30 Gross assets 7101708 22 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to Oct 1 1913 6055 31 35 Bills receivable past due taken for marine inland and fire risks 815 73 38 Book value of ledger assets over market value 450069 67 40 Total 456940 71 41 Total admitted assets 6644767 51CompteollebGenebals Eepoet 311 VLiabilities 1 Gross losses adjusted and unpaid 60681 62 2 Gross claims for losses in process of ad justment or in suspense plus 472680 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 103145 27 3 Gross claims for losses resisted 21625 00 4 Total 5 Deduct reinsurance due or accrued 185451 89 24752 92 6 Net amount of unpaid losses and claims 160698 97 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 6396626 70 unearned premiums per recapitulation 3309898 74 10 Total unearned premiums as computed above 17 Salaries rents expenses bills accounts fees etc due or accrued 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 19 Contingent commissions or other charges due or accrued 23 All other liabilities viz Conflagration reserve 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 1550411 16 3309898 74 2192 64 100000 00 21566 00 500000 00 4094356 35 29 Surplus as regards policyholders 30 Total liabilities 2550 411 16 6644767 51 VIRisks and Premiums Fire Eisks Premiums Thereon 1 In force on the 31 day of December as per line 6 under this heading in last years statement 721264454 6447417 12 2 Written or renewed during the year 350432983 3352841 30 4 Total 1071697437 9800258 42 5 Deduct those expired and marked off as terminated 296215652 2908457 56312 ComptbolleeGenerals Keport 6 In force at the end of the year 775481785 6891800 86 7 Deduct amount reinsured 54484947 495174 16 8 Net amount in force 720996838 6396626 70 NORWICH UNION FIRE INSURANCE SOCIETY LIMITED OF NORWICH ENGLAND J Koatgomery Hare and William Hare United States Managers Aug Wilkerson Atlanta 6a Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous years 2776528 44 IIIncome 3 Gross premiums 2812909 11 4 Deduct reinsurance premiums fire 724 48340 return premiums 37467965 1099163 05 7 Total premiums other than perpetual 1713746 06 11 Gross interest on bonds and dividends on stocks less 177621 accrued interest on bonds acquired during 1913 92249 76 12 Gross interest on deposits in trust com panies and banks 5903 64 14 Dividend on stock of Underwriters Salvage Co of N Y 100 00 17 Total gross interest and rents 98253 40 24 Remittance from home office 279 781 83 29 Total income 2091781 29 IIIDisbursements 1 Gross amount paid polieyholders for losses including 10513139 occurring in pre vious years marine and inland 6797 1265793 64 2 Deduct amount received for salvage fire 1111563 reinsurance fire 34519206 909553 92 3 Net amount paid polieyholders for losses 909553 92 4 Expenses of adjustment and settlement of losses 20998 47ComptrollerGenerals Beport 313 9 10 11 12 13 14 15 16 17 20 21 22 23 25 26 27 28 29 30 81 38 39 Commissions or brokerage 308973 29 Allowances to local agencies for miscellaneous agency ex penses 720 83 Salaries 5318033 and expenses 4405611 of special and general agents 97236 44 Salaries fees and all other charges of officers directors trustees and home office employees 133371 35 Rents 16169 70 Advertising 274242 printing and stationery 1411742 16859 84 Postage telegrams telephone and express 12745 10 Legal expenses 747 91 Furniture and fixtures 3851 18 Maps including corrections 5935 64 Underwriters boards and tariff associations 28249 20 Fire department fire patrol and salvage corps assessments fees taxes and expenses 16660 20 Inspections and surveys 6759 46 State taxes on premiums 40407 14 Insurance department licenses and fees 14744 22 All other licenses fees and taxes Federal corporation tax 2166 27 Tax on deposit Va 16 50 City and County taxes 668 70 City and county licenses 5503 02 Other disbursements Subscriptions to directories insur ance and other publications 974 15 Light water ice towels and petty supplies 804 81 Rent of safe deposit vaults and premiums on bonds 445 95 Library bureau for statistical tabulation 3849 29 Miscellaneous disbursements 1204 98 Auditors fees and credit reports 2537 50 Remitted to home office 106250 54 Payment on acct of interest on bonded indebtedness 9100 00 Agents balances charged off 203 33 Gross loss on sale or maturity of ledger assets viz Bonds 682 55 41 Total disbursements 1768391 48 IVLedger Assets 4 Book value of bonds 202229332 and stocks 48589176 2508185 08 5 Cash in companys branch office 481 38 6 Deposit in trust companies and banks not on interest 3260 71 7 Deposits in trust companies and banks on interest 281373 06 8 Agents balances representing business writ ten subsequent to Oct 1 1913 294819 80314 ComptrollerGenerals Report 9 Agents balances representing business writ ten prior to Oct 1 1913 8548 20 11 Bills receivable taken for fire risks 1926 63 13 Balances in hands of special agents 1323 39 16 Total ledger assets 3099918 25 NonLedger Assets 18 Interest due 1371000 and accrued 12 56374 on bonds 26273 74 24 Total 26273 74 30 Gross assets 3126191 99 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to Oct 1 1913 8548 20 35 Bills receivable past due taken for marine inland and fire risks 1926 63 38 Book value of ledger assets over market value 100671 08 39 Balances in hands of special agents 1323 39 41 Total admitted assets 3013722 69 VLiabilities 1 Gross losses adjusted and unpaid due 30 75103 not yet due 965019 40401 22 2 Gross claims for losses in process of ad justment or in suspense plus 1210731 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 114829 42 3 Gross claims for losses resisted 28327 75 4 Total 183558 39 5 Deduct reinsurance due or accrued 54023 15 6 Net amount of unpaid losses and claims 129535 24 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 319566813 unearned premiums per recapitulation 1652146 62 10 Total unearned premiums as computed above 1652146 62ComptrollerGenerals Beport 315 17 Salaries rents expenses bills accounts fees etc due or accrued 7128 72 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 41000 00 19 Contingent commissions or other charges due or accrued 7029 62 26 Total amount of all liabilities except capital 1836840 20 28 Surplus over all liabilities 1176882 49 30 Total liabilities 3013722 69 VIBisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line under this heading in last years statement 382899310 3943186 37 2 Written or renewed during the year 270852405 2812909 11 3 Excess of original premiums over amount received for reinsurance 934 92 4 Total 653751715 00 6757030 40 5 Deduct those expired and marked off as terminated 246092576 00 2638120 75 6 In force at the end of the year407659139 00 4118909 65 7 Deduct amount reinsured 96333288 00 923241 52 8 Net amount in force311325851 00 3195668 13 Business in the State of Georgia During the Year 27 Gross risks written 3727510 00 Less 57556800 risks cancelled and 71451400 reinsur ance in companies authorized in Georgia 1290082 00 Net risks written 2437428 00 28 Gross1 premiums on risks written 33257 43 Less 274074 return premiums and 173840 premiums for reinsurance in companies authorized in Georgia 4479 14 Net premiums received 28778 31 29 Losses paid deducting salvage 13451 96 Less losses on risks reinsured in companies authorized in Georgia 18 14 Net losses paid 13433 32 316 ComptrollerGeneral s Report 30 Losses incurred 12697 91 Less losses on risks reinsured in companies authorized in Georgia 12 49 Net losses incurred 12685 42 ORIENT INSURANCE CO OF HARTFORD CONN A G Mcllwane Jr President Henry W Gray Jr Secretary Home Office 20 and 22 Trinity Street Hartford Conn Wm R Hoyt Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance Dec 31 of previous years 3511077 86 Increase of paid up capital during year transferred from surplus 500000 00 IIIncome Fire Marine and Inland 3 Gross premiums 231289400 135748 98 4 Deduct reinsurance prem iums fire 51078985 ma rine and inland 998896 return premiums 373 21587 marine and in land 2690149 884005 72 36890 45 7 Total premiums other than perpetual 142888828 98858 53 1527746 81 11 Gross interest on bonds and dividends on stocks less 43256 accrued interest on bonds acquired during 1913 124410 44 12 Gross interest on deposits in trust com panies and banks 5988 90 14 On agents balances 22 66 16 Gross rents from companys property in cluding 455002 for companys occu pancy of its own buildings 12500 00 17 Total gross interest and rents 142922 00 29 Total income 1670668 81ComptrollerGenerals Keport 317 IIIDisbursements Fire Marine and Inland Gross amount paid policy holders for losses in cluding 11679718 oc curring i n previous years 102597145 52594 84 Deduct amount received for salvage fire 989991 marine and inland 2 11931 reinsurance fire 23685269 marine and inland 493938 discount fire 38717 total 247139 77 7058 69 3 Net amount paid policy holders for losses 77883168 45536 15 824367 83 4 Expenses of adjustment and settlement of losses 24367 21 5 Commissions or brokerage 305578 49 6 Allowances to local agencies for miscellaneous agency ex penses 1076 28 7 Salaries 3079004 and expenses 2644762 of special and general agents 57237 66 8 Salaries fees and all other charges of officers directors trustees and home office employees 67138 81 9 Eents including 455002 for companys occupancy of its own buildings 9195 56 10 Advertising 448609 printing and stationery 1382432 18310 41 11 Postage telegrams telephone and express 9969 55 12 Legal expenses 196 95 13 Furniture and fixtures 1651 37 14 Maps including corrections 3871 68 15 Underwriters boards and tariff associations 18437 78 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 17192 11 17 Inspections and surveys 8631 49 18 Repairs and expenses other than taxes on real estate 3008 88 19 Taxes on real estate 3827 00 20 State taxes on premiums 28149 21 21 Insurance department licenses and fees 10859 54 22 All other licenses fees and taxes Federal corporation tax 1818 37 Municipal licenses and taxes 5828 85 Franchise tax 12556 50 24 Exchange 951 85 25 Subscriptions 864 42 26 Expenses in connection with increase in capital 501 00 27 Miscellaneous expenses 5554 45318 ComptrollerGenerals Report 28 Transferred from surplus to capital 500000 00 38 Agents balances charged off 241 11 41 Total disbursements 1941384 36 IVLedger Assets 1 Book value of real estate 167686 38 4 Book value of bonds 280927344 and stocks 8826260 2897536 04 5 Cash in companys office 2474 31 7 Deposits in trust companies and banks on interest 374241 83 8 Agents balances representing business writ ten subsequent to October 1 1913 281523 71 9 Agents balances representing business writ ten prior to Oct 1 1913 16809 51 11 Bills receivable taken for fire risks 39 00 12 Other ledger assets Balances due from companies 51 53 16 Total ledger assets 3740362 31 NonLedger Assets 18 Interest due 1997750 and accrued 17 21498 on bonds 37192 48 20 Interest due on other assets Bank deposits 93575 24 Total 38128 23 30 Gross assets 3778490 54 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 16809 51 38 Book value of ledger assets over market value viz Bonds and stock 274141 04 39 Balances due from companies 51 53 40 Total 291002 08 41 Total admitted assets 3487488 46 VLiabilities 1 Gross losses adjusted and unpaid due 16 76800 not yet due 42000 17188 00ComptrollerGenerals Report 319 2 Gross claims for losses in process of ad justment or in suspense plus 326300 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 111133 93 3 Gross claims for losses resisted 17645 00 4 Total 145966 93 5 Deduct reinsurance due or accrued 41704 27 6 Net amount of unpaid losses and claims 104262 66 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 1437361 15 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 46805 12 10 Total unearned premiums as computed above 1484166 27 17 Salaries rents expenses bills accounts fees etc due or accrued 870 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 32155 00 19 Contingent commissions or other charges due or accrued 4300 00 23 All other liabilities viz Balances due other companies 256 90 26 Total amount of all liabilities except capital 1626010 83 27 Deposit capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 861477 63 29 Surplus as regards policyholders 1861477 63 30 Total liabilities 3487488 46 VIBisks and Premiums Fire Bisks Premiums Thereon 1 In force on the 31 day of December as per line 6 under this heading in last years statement 322632148 00 3283657 67 2 Written or renewed during the year 223453006 00 2312894 00 4 Total 546085154 00 5596551 67 5 Deduct those expired and marked off as terminated 204311852 00 2138851 67320 ComptrollerGenerals Eeport 6 In force at the end of the year341773302 00 3457700 00 7 Deduct amount reinsured 67445262 00 688402 68 8 Net amount in force 274328040 00 2769297 32 Business in the State of Georgia During the Year 27 Gross risks written 2361420 00 Lesd 56666200 risks cancelled and 23147 reinsurance in companies authorized in Georgia 543515 00 Net risks written 1817905 00 28 Gross premiums on risks written 31979 63 Less 467067 return premiums and 28345 premiums for reinsurance in companies authorized in Georgia 4954 12 Net premiums received 27025 51 29 Losses paid deducting salvage 9298 30 30 Losses incurred 11368 69 PACIFIC FIRE INSURANCE COMPANY OF NEW YORK N Y C V Meserole President H Y Stephens Secretary ICapital Stock 1 Amount of capital stock paid up in cash 400000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 1332971 87 4 Extended at 1332971 87 IIIncome 5 Gross premiums 1087782 67 6 Deduct reinsurance premiums fire 143 49184 return premiums fire 19110504 334596 88 7 Total premiums other than perpetual 753185 79 11 Gross interest on bonds and dividends on stocks 51667 44 12 Gross interest on deposits in trust com panies and banks 1030 33 14 Phil Und Deposit 6 30 17 Total gToss interest and rents 52704 07CompteolleeGeneeal s Eepoet 321 19 20 26 27 Principal and interest on 2nd mortgage Profit on sale of Union Pac rights 67 50 35 00 Gross profit on sale or maturity of ledger assets viz Stocks 75 00 Gross increase by adjustment in book value of ledger assets viz Eeal estate 11538 89 28 Total income 817531 25 IIIDisbursements Gross amount paid policyholders for losses including 9191009 occurring in pre vious years 659676 55 Deduct amount received for Salvage fire 853787 reinsurance fire 8182568 discount fire 324550 total 93609 05 3 4 5 7 9 10 11 12 15 20 24 25 26 27 28 34 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Salaries 1360168 and expenses 313499 of special and general agents Bents Advertising 40229 printing and stationery 78309 Postage telegrams telephone and express Legal expenses Underwriters boards and tariff associations State taxes on premiums Int Loans Liberty National Bank Adjustment Loan B O Subn Adjustment Loan Adjustment loan Penn Subn Int City of Madison Ga Bonds Paid stockholders for interest or dividends amount de clared during the year Gross loss on sale or maturity of ledger assets viz Bonds 566067 50 6680 29 196613 85 16736 67 1185 00 1185 38 103 14 134 08 3723 60 8794 66 738 33 25 41 12 80 1 60 203 75 28000 00 2034 13 39 41 Total disbursements 832240 19 IVLedger Assets 4 Book value of bonds 58020882 and stocks 57232536 1152534 18 5 Cash in companys office 248 61 6 Deposits in trust companies and banks not on interest 25265 99 7 Deposits in trust companies and banks on interest 61097 42 322 ComptrollerGenerals Beport 8 Agents balances representing business writ ten subsequent to October 1 1913 134116 73 16 Total ledger assets 1318262 93 NonLedger Assets 20 Interest on bonds 5091 83 28 Reins due on losses 3134 86 30 Gross assets 1326489 62 Deduct Assets Not Admitted 38 Book value of ledger assets over market value 68587 18 41 Total admitted assets 1257902 44 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense plus 374200 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 124080 17 3 Gross claims for losses resisted In suit 6509 00 4 Total 130589 17 5 Deduct reinsurance due or accrued 3134 86 6 Net amount of unpaid losses and claims 127454 31 7 Gross premiums less reinsurance received and receiv able upon all unexpired fire risks 435793 84 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 6000 00 23 All other liabilities viz Due old Greenwich Stockholders 151 85 26 Total amount of all liabilities except capifal 569400 00 27 Capital actually paid up in cash 400000 00 28 Surplus over all liabilities 288502 44 29 Surplus as regards polieyholders 688502 44 30 Total liabilities 1257902 44ComptrollerGenerals Eepoet 323 i 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 53923728 00 654392 77 2 Written or renewed during the year 81715039 00 1087782 67 4 Total 135638767 00 1742175 44 5 Deduct those expired and marked off as terminated 60221316 00 730808 93 6 In force at the end of year 75417451 00 1011366 51 7 Deduct amount reinsured 15551656 00 176160 16 8 Net amount in force 59865795 00 835206 35 Business in the State of Georgia During the Year 27 Gross risks written 139607 00 28 Gross premiums on risks written 2126 20 30 Losses incurred 722 00 THE PALATINE INSURANCE CO LTD OF LONDON ENGLAND A H Wray Manager John A Whitner Attorney for Service in Georgia ICapital Stock 1 Deposit capital pursuant to laws of Illinois deposited in 200000 00 2 Amount of ledger assets as per balance December 31 of previous years 3326739 33 IIIncome 3 Gross premiums 2879800 63 4 Deduct reinsurance premiums fire 539 71205 return premiums 57222787 total 1111939 92 7 Total premiums other than perpetual 1767860 71 11 Gross interest on bonds and dividends on stocks less 161805 accrued interest on bonds acquired during 1913 117551 95324 ComptrollerGenerals Eeport 12 Gross interest on deposits in trust com panies and banks 4220 71 15 Gross Interest on bills receivable 97 33 17 Total gross interest and rents 121869 99 24 Remittance from home office 8086 35 26 From agents balances previously charged off 10 00 27 Gross profit on sale or maturity of ledger assets viz Bonds 496 30 Stocks 80 00 29 Total income 1898403 35 IIIDisbursements 1 Gross amount paid policy holders for losses including 12191365 occurring in pre vious years 1227474 06 2 Deduct amount received for salvage fire 635852 reinsurance fire 26026874 266627 26 7 10 11 12 13 14 15 16 17 20 21 22 25 27 38 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Allowances to local agencies for miscellaneous agency ex penses Salaries 3105755 and expenses 2278101 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Advertising 98983 printing and stationery 1398190 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 assessments 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 City and county licenses and fees Franchise tax Remitted to home office Exchange Agents balances charged off 960846 80 29478 79 451149 26 3259 59 53838 56 81022 30 14971 73 9924 10 437 67 906 08 3721 29 21533 07 15388 38 11600 82 32828 70 9113 11 1441 19 6666 34 1406 90 144262 95 1670 51 310 14COMPTKOLLERGrEJSTEEAIiS EePOKT 325 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 5833 50 Stocks 80 0 41 Total disbursements 1873619 09 IVLedger Assets 4 Book value of bonds 241646417 and stocks 35063020 2767094 37 6 Deposit in trust companies and banks not on interest 30200 23 7 Deposits in trust companies and banks on interest 230949 82 8 Agents balances representing business writ ten subsequent to Oct 1 1913 312933 03 9 Agents balances representing business writ ten prior to Oct 1 1913 10346 14 16 Total ledger assets 3351523 59 NonLedger Assets 18 Interest accrued on bonds 33280 00 24 Total 33280 00 30 Gross assets 3384803 59 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to Oct 1 1913 10346 14 38 Book value of ledger assets over market value viz Bond and stocks 174834 37 40 Total 185180 51 41 Total admitted assets 3199623 08 VLiabilities 1 Gross losses adjusted and unpaid 16112 00 2 Gross claims for losses in process of ad justment or in suspense plus 1113600 reserve for losses incurred prior to Dec326 COMPTROLLERGrENEKALS BePORT 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 145120 00 29433 00 190665 00 25579 00 6 Net amount of unpaid losses and claims 165086 00 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 341863042 unearned premiums per recapitulation 1782040 07 10 Total unearned premiums as computed above 1782040 07 17 Salaries rents expenses bills accounts fees etc due or accrued 1500 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 36161 45 19 Contingent commissions or other charges due or accrued 7613 00 26 Total amount of all liabilities except capital 1992400 52 28 Surplus over all liabilities 1207222 56 29 Surplus as regards policyholders 1207222 56 30 Total liabilities 3199623 08 VTBisks and Premiums Fire Eisks Premiums Thereon 1 In force on the 31 day of December as per line 6 under this heading in last years statement 350687038 00 3848330 52 2 Written or renewed during the year 257752073 00 4 Total608439111 00 6728131 15 5 Deduct those expired and marked off as terminated 237035216 00 2667377 55 6 In force at the end of the year 371403895 00 4060753 60 7 Deduct amount reinsured 63176902 00 642123 18 8 Net amount in force308226993 00 3418630 42ComptbolleeGtenebals Kepobt 327 THE PENNSYLVANIA TIRE INSURANCE COMPANY E Dale Benson President W Gardner Crowell Secretary ICapital Stock 1 Amount of capital stock paid up in cash 750000 00 2 Amount of ledger assets as per balance December 31 of previous years 8067787 19 4 Extended at 8067787 19 IIIncome 5 Gross premiums 4814811 34 6 Deduct reinsurance premiums fire 673 16045 return premiums fire 697 08819 total 1370248 64 7 Total premiums other than perpetual 3444562 50 8 Deposit premiums written on perpetual risks gross 165556 47 9 Gross interest on mortgage loans 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on stocks less 400064 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust compa nies and banks 13 Gross interest from all other sources 16 Gross rents from companys property in cluding 8000 for companys occupancy of its own buildings 9274 92 11598 14 283327 78 4142 85 45 35 8285 00 17 Total gross interest and rents 18 From other sources Transfers 316674 06 289 00 28 Total income 3935059 68 IIIDisbursements 1 Gross amount paid policyholders for losses including 31471825 occurring in pre vious years 2111193 18 2 Deduct amount received for Salvage fire 1010793 reinsurance fire 182 06688 discount fire 124718 total 193421 99 328 ComptrollerGenerals Beport 3 Net amount paid policyholders for losses 1917771 19 4 Expenses of adjustment and settlement of losses 50865 94 5 Commissions or brokerage 818468 80 7 Salaries 12638507 and expenses 2123538 of special and general agents 147620 45 8 Salaries fees and all other charges of officers directors trustees and home office employees 74397 50 9 Rents including 8000 for companys occupancy of its own buildings 22999 72 10 Advertising 765093 printing and stationery 1971037 27361 30 11 Postage telegrams telephone and express 22979 28 12 Legal expenses 1320 41 13 Furniture and fixtures 568 12 14 Maps including corrections 7892 50 15 Underwriters boards and tariff associations 48108 98 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 2496 99 17 Inspection and surveys 12133 06 18 Repairs and expenses other than taxes on real estate 912 61 19 Taxes on real estate 2444 40 20 State taxes on premiums 73236 42 21 Insurance department licenses and fees 16545 91 22 All other licenses fees and taxes Federal corporation tax 4826 89 Municipal 8612 17 Capital 6250 76 23 Other disbursements Miscellaneous 7861 31 33 Deposit premiums returned 36406 24 34 Paid stockholders for interest or dividends amount de clared during the year 225000 225000 00 38 Agents balances charged off 84 03 41 Total disbursements 3537119 98 IVLedger Assets 1 Book value on real estate 189377 07 2 Mortgage loans on real estate 181500 00 3 Loans secured by pledge of bonds stocks or other collat eral 475384 12 4 Book value of bonds 628780556 and stocks 429 71744 6717523 00 5 Cash in companys office 1094 12 7 Deposits in trust companies and banks on interest 207403 20 8 Agents balances representing business written subsequent to October 1 1913 665017 41 9 Agents balances representing business written prior to Oc tober 1 1913 28427 97 16 Total ledger assets 8465726 89COMPTBOLLEEGrENEBALs RePOBT 329 NonLedger Assets 17 Interest due on mortgages 20 Interest due on bonds 19 Interest due on collateral loans 2415 83 87686 31 5698 84 24 Total 95800 98 25 Market value of real estate over book value 8465726 89 27 Other nonledger assets viz Reinsurance perpetual 191200 98 30 Gross assets 8566927 87 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 28427 97 38 Book value of ledger assets over market value 476214 00 39 Eeal estate 50377 07 40 Collateral 8946 62 Total 563965 66 41 Total admitted assets 8002962 21 VLiabilities 1 Gross losses adjusted and unpaid 2 Gross claims for losses in process of adjust ment or in suspense plus 5000 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 29857 53 309152 48 23757 96 362767 97 20248 24 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 450437043 unearned premiums per recapitulation 2295126 29 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 2 35348787 unearned premiums fifty per cent 1176743 94 342519 73 10 Total unearned premiums as computed above 3471870 23330 ComptrollerGenerals Eeport 11 Amount reclaimable by the insured on perpetual fire insur ance policies 1072518 8G 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 40000 00 i 26 Total amount of all liabilities except capital 4926908 82 27 Capital actually paid up in cash 750000 00 28 Surplus over all liabilities 2326053 39 29 Surplus as regards policyholders 3076053 39 30 Total liabilities 8002962 21 PENNSYLVANIA LUMBERMENS FIRE INSURANCE COMPANY Edward P Henson President Harry Humphreys Secretary P Wade Vaughan Attorney for Service in Georgia IGuaranty Capital 2 Amount of ledger assets as per balance December 31 of previous year 610058 21 4 Extended at 610058 21 IIIncome 5 Gross premiums 497782 32 6 Deduct return premiums 52465 91 7 Total premiums 445316 41 8 Gross interest on mortgage loans 189 00 10 Gross interest on bonds and dividends on stocks less 2400 accrued interest on bonds acquired during 1913 22153 00 11 Gross interest on deposits in trust com panies and banks 1954 39 16 Total gross interest and rents 24296 39 18 Transfer of balance of Agency profits 7455 85 26 From agents balances previously charged off 12 72 28 Gross increase by adjustment in book value of ledger assets viz Bonds 50 00 29 Total income 477131 37ComptrollerGenerals Eeport 331 IIIDisbursements 1 Gross amount paid policyholders for losses including 2350418 occurring in pre vious years 209392 33 2 Deduct amount received for salvage 2 94668 discount 69888 total 3645 56 3 Net amount paid policynolders for losses 205746 77 4 Expenses of adjustment and settlement of losses 1565 90 5 Inspection charges 26251 23 8 Salaries fees and all other charges of officers directors trustees and home office employes 30593 50 9 Bents 2768 00 10 Advertising 168517 printing and stationery 217893 3864 10 11 Postage telegrams telephone express and incidentals 4903 19 12 Legal expenses 767 21 13 Furniture and fixtures 449 05 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 509 30 17 Inspections and surveys 9108 17 20 State taxes on premiums 5191 18 21 Insurance department licenses and fees 1412 17 22 All other licenses fees and taxes Federal corporation tax 1671 71 23 Other disbursements Traveling expenses 2156 02 31 Dividends to policynolders 166107 46 34 Agents balances charged off 266 90 36 Gross decrease by adjustment in book value of ledger assets viz Bonds 1362000 stocks 15000 total 13770 00 37 Total disbursements 477101 86 IVLedger Assets 2 Mortgage loans on real estate first liens 3500 00 4 Book value of bonds 47962000 and stocks 205000 481670 00 5 Cash in companys office 396 34 7 Deposits in trust companies and banks on interest 94716 36 8 Agents balances representing business written subsequent to Oct 1 1913 25730 11 9 Agents balances representing business written prior to Oct 1 1913 33 50 11 Other ledger assets viz Office furniture and fixtures 4041 41 15 Total ledger assets 610087 72 332 ComptrollerGenerals Eeport NonLedger Assets 16 Interest accrued on mortgages 15 75 17 Interest accrued on bonds 7021 16 23 Total 7036 91 29 Gross assets 617124 63 Deduct Assets Not Admitted 31 Furniture fixtures and safes 4041 41 32 Agents balances representing business written prior to Oct 1 1913 33 50 38 Total 4074 91 39 Admitted assets 613049 72 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense 759 64 3 Gross claims for losses resisted 2171 25 6 Net amount of unpaid losses and claims 2930 89 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 44181666 unearned prem iums per recapitulation 220908 33 Total 220908 33 10 Salaries rents expenses bills accounts fees etc due or accrued 99 08 11 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 4533 94 12 Inspection charges due 1822 58 33 Total amount of all liabilities 230294 82 34 Net cash 382754 90 35 Total liabilities and surplus 613049 72 VLBisks and Premiums Fire Bisks Premiums Thereon 1 In force on the 31 day of December as per line 6 under this heading in last years statement 18924111 00 413259 88CompteollebGenebals Report 2 Written or renewed during the year 22837333 00 4 Total 41761444 00 5 Deduct those expired and marked off as terminated 21312248 00 6 In force at the end of the year 20449196 0O Business in the State of Georgia During the Year 21 Gross risks written Less 5525000 risks cancelled Net risks written 22 Gross premiums on risks written Less return premiums and dividends Net premiums received 23 Losses paid deducting salvage 24 Losses incurred 333 497782 32 911042 20 469225 54 441816 66 313320 00 55250 00 258070 00 10270 89 4513 76 5757 13 2184 22 2134 66 PENNSYLVANIA MILLERS FIRE INSURANCE COMPANY Asher Miner President John Hoffa Secretary P Wade Vaughan Attorney for Service in Georgia IGuaranty Capital 2 Amount of ledger assets as per balance December 31 of previous year 403084 40 4 Extended at 403084 40 IIIncome 5 Gross premiums 94584 30 6 Deduct return premiums 84225 90 Total premiums 10358 40 Assessments collected 142216 08 7 Total premiums and assessments 152574 48 8 Gross interest on mortgage loans 951 00 10 Gross interest on bonds and dividends on stocks less 42078 accrued interest on bonds acquired during 1913 15390 05334 ComptrollerGenerals Report 11 Gross interest on deposits in trust com panies and banks 615 31 16 Total gross interest and rents 16956 36 29 Total income 572615 24 IIIDisbursements L Gross amount paid policyholders for losses including 412909 occurring in pre vious years 105713 80 2 Deduct amount received for salvage 44389 discount 17419 total 618 08 10 11 12 13 17 20 21 22 23 25 26 27 28 29 Net amount paid policyholders for losses 105095 72 Expenses of adjustment and settlement of losses 765 48 Commissions or brokerage including 31886 on risks of other companies reinsured 4419 07 Salaries fees and all other charges of officers directors trustees and home office employees 12970 00 Advertising 83357 printing and stationery 57111 1404 68 Postage telegrams telephone and express 864 84 Legal expenses 344 26 Furniture and fixtures 90 48 Inspections and surveys 9606 27 State taxes on premiums 1233 56 Insurance department licenses and fees 943 72 All other licenses fees and taxes Federal corporation tax 58020 state tax on investments 17182 752 02 Other disbursements Annual and special meeting expenses 410 80 Auditing 157 00 Mercantile reports 125 00 Premiums on surety bonds 124 00 Sundries 234 29 Premiums on bonds purchased 400 00 37 Total disbursements 140571 19 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 23100 00 368343 50 2757 09 7614 64 26494 73ComptbolleeGenebals Bepoet 335 8 Agents balances representing business written subsequent to October 1 1913 3713 93 11 Other ledger assets viz Balances advanc ed Inspectors for expenses 20 16 15 Total ledger assets 432044 05 NonLedger Assets 16 Interest accrued on mortgages 335 50 17 Interest accrued on bonds 3001 34 19 Interest accrued on other assets Wyoming National Bank Wilkes Barre Pa on 1000000 savings acct 150 00 23 Total 3486 84 26 Other nonledger assets viz Assessments due 929 98 29 Gross assets 436460 87 Deduct Assets Not Admitted 36 Book value of ledger assets over market value 4040 50 38 Total 4040 50 39 Admitted assets 432420 37 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense 3300 00 6 Net amount of unpaid losses and claims 3300 00 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 17199680 unearned premiums per recapitulation 85998 40 11 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 1200 00 12 Contingent commissions or other charges due or accrued 300 00 33 Total amount of all liabilities 90798 40 34 Surplus 341621 97 35 Total liabilities and surplus 432420 37336 CompteolleeGeneeal s Report VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31 day of December as per line 0 under this heading in last years statement 10398203 51 161638 40 2 Written or renewed during the year 5786851 34 94584 30 4 Total 16185054 85 256222 70 5 Deduct those expired and marked off as terminated 5334617 55 84225 90 6 In force at the end of the year 10850437 30 171996 80 Business in the State of Georgia During the Year 21 Gross risks written 57262 50 Less risks carried 18862 98 Net risks written 38399 52 22 Gross premiums on risks written 2126 03 Net premiums received 1323 99 23 Losses paid deducting salvage 413 68 24 Losses incurred 413 68 PEOPLES NATIONAL FIRE INSURANCE COMPANY E C Stokes President H T Alley Secretary Robert N Hughes Attorney for Service ICapital Stock 1 Amount of capital stock paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 31 of previous years 1880997 15 4 Extended at 1880997 15 IIIncome 5 Gross premiums 1202290 97 6 Deduct reinsurance premiums fire 188 95766 return premiums fire 228 30610 total 417263 76 7 Total premiums other than perpetual 785027 21COMPTROLLERGENEKAIiS BePORT 337 8 Deposit premiums written on perpetual risks gross 510 00 9 Gross interest on mortgage loans less 28950 accrued interest on bonds ac quired during 1913 29519 00 10 Gross interest on collateral loans 892 54 11 Gross interest on bonds and dividends on stocks less 4584 accrued interest on bonds acquired during 1913 47974 01 12 Gross interest on deposits in trust companies and banks 770 37 13 Gross interest from all other sources 14 Phila Stock Exchange 76559 mortgage loan not taken 2550 discount prepay ment bonds 6937 certificate of depos it 3943 Central Trust and Savings Co settlement as fiscal agents 6664 Phila Underwriters Assn 315 total 969 68 16 Gross rents from companys property in cluding 500000 for companys occupan cy of its own buildings 12496 82 17 Total gross interest and rents 18 From other sources 19 Borrowed money 40000 00 20 Gain on perpetual policies cancelled 97 94 23 Total 26 Gross profit on sale or maturity of ledger assets viz Bonds Stocks 28 Total income IIIDisbursements 1 Gross amount paid policyholders for losses including 7095770 occurring in pre vious years 634192 62 2 Deduct amount received for Salvage fire 204998 reinsurance fire 14904972 discount fire 49795 total 151597 65 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 7 Salaries 440045 and expenses 384343 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 92622 42 40097 94 105 00 1043 75 919406 32 482594 97 12760 27 237383 82 8243 88 48856 85338 CompteolleeGenebals Eepoet 9 Kents including 5000 for companys occupancy of its own buildings 5625 00 10 Advertising 219046 printing and stationery 565621 7846 67 11 Postage telegrams telephone and express 4218 77 12 Legal expenses 494 10 13 Furniture and fixtures 767 86 14 Maps including corrections 1772 87 15 Underwriters boards and tariff associations 12073 15 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 860 98 17 Inspections and surveys 915 23 18 Eepairs and expenses other than taxes on real estate 7890 10 19 Taxes on real estate 2422 80 20 State taxes on premiums 23072 85 21 Insurance department licenses and fees 12396 97 23 Other disbursements 25 Mortgage 1500 ground rent 43780 1937 80 26 Discounts on advanced payment 200 00 27 Borrowed money returned 40000 interest 53610 40536 10 28 Bond premium 51074 mercantile agency 653 meals to employees 46127 expense stockholders meeting 3916 total 1664 17 29 Audits 292 safe deposit 250 registering stock 6750 subscription 9000 total 699 50 30 Light and heat 28068 office supplies 27806 moving furniture 2293 total 581 67 31 Appraisals of building 3000 signs 7085 publications 24130 total 342 15 32 Traveling 248635 sundries 18756 2673 91 33 Deposit premiums returned 1154 50 38 Agents balances charged off 83 67 39 Gross loss on sale or maturity of ledger assets viz Bonds 247 46 41 Total disbursements 920318 07 IVLedger Assets 1 Book value of real estate less 10670416 incumbrances 72399 10 2 Mortgage loans on real estate first liens 530597 50 3 Loans secured by pledge of bonds stocks or other collateral 5600 00 4 Book value of bonds 95713786 and stocks 12935150 1086489 36 5 Cash in companys office 12718 07 6 Deposits in trust companies and banks not on interest 78 74 7 Deposits in trust companies and banks on interest 69087 72 8 Agents balances representing business written subsequent to October 1 1913 101095 19 9 Agents balances representing business written prior to Oc tober 1 1913 2019 72 16 Total ledger assets 1880085 40CoMPTROLLERGtENERALS BePORT 339 NonLedger Assets 17 Interest accrued on mortgages 7192 80 20 Interest accrued on bonds 14605 01 19 Interest accrued on collateral loans 126 00 24 Total 21923 81 25 Market value of real estate over book value 20896 74 27 Other nonledger assets viz Joplin and Pittsburg R E stock schedule X Penna Heating and Light Co St Lawrence Pulp and Lumber Co 1750 00 30 Gross assets 1924655 95 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 2019 72 38 Book value of ledger assets over market value 51820 36 40 Total 53840 08 41 Total admitted assets 1 870 815 87 VLiabilities 1 Gross losses adjusted and unpaid 10235 51 2 Gross claims for losses in process of ad justment or in suspense plus 36955 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 36 322 29 3 Gross claims for losses resisted 10099 00 Total 56656 80 5 Deduct reinsurance due or accrued 15555 57 6 Net amount of unpaid losses and claims 41101 23 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 109301578 unearned pre miums per recapitulation 575 395 55 11 Amount reclaimable by the insured on perpetual fire insur ance policies being 90 per cent of the premium or de posit received 10684 35 15 Interest due or accrued on mortgage 2 250 00 17 Salaries rents expenses bills accounts fees etc due or ac crued 250 00340 ComptrollerGenerals Beport 18 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 all liabilities except capital 640682 23 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 230133 64 29 Surplus as regards policyholders 1230133 64 30 Total liabilities 1870815 87 VIRisks and Premiums In force on the 31 day of December as per line 6 under this heading in last years statement 149237486 1645960 38 2 Written or renewed during the year 66600313 1202290 97 3 Excess of original premiums over amount received for reinsurance 1868 55 4 Total 215837799 2850119 90 5 Deduct those expired and marked off as terminated 76503883 1322767 19 6 In force at the end of the year 139333916 1527352 71 7 Deduct amount reinsured 40459658 434336 93 8 Net amount in force 98874258 1093015 78 9 Perpetual risks not included above 394200 deposit premiums on same 1187147 Businesss in the State of Georgia During the Year 27 Gross risks written 1950838 00 Less 531372 risks cancelled and 480493 reinsurance in companies authorized in Georgia 1011865 00 Net risks written 938973 00 28 Gross premiums on risks written 26546 67 Less 549417 return premiums and 637316 premiums for reinsurance in companies authorized in Georgia 11867 33 Nt premiums received 14679 34 29 Losses paid deducting salvage 5249 16 Less losses on risks reinsured in companies authorized in Georgia 591 72 Net losses paid 4657 44COMPTROLLERGrENEEALS BEPORT 34 30 Losses incurred 6435 64 Less losses on risks reinsured in companies authorized in Georgia 928 33 Net losses incurred 5507 31 PHENIX FIRE INSURANCE COMPANY Starkweather Shepley Inc United States Managers Hon Win A Wright Ins Com Attorney for Service ICapital Stock 1 Deposit capital pursuant to law deposited in New York 200000 00 2 Amount of ledger assets as per balance December 31 of previous years 618413 66 IIIncome 3 Gross premiums 634265 71 4 Deduct reinsurance premiums fire 218 03960 return premiums 14503201 363071 61 7 Total premiums other than perpetual 271194 10 11 Gross interest on bonds and dividends on stocks less 12250 accrued interest on bonds acquired during 1913 20477 50 12 Gross interest on deposit in trust com panies and banks 1654 59 14 From National Fire Insurance Co interest due under reinsurance treaty 287 51 17 Total gross interest and rents 22419 60 29 Total income 293613 70 IIIDisbursements 1 Gross amount paid policyholders for losses including 1958491 occurring in pre vious years 200582 00 2 Deduct amount received for salvage fire 440120 reinsurance fire 7664213 discount fire 15325 total 81197 28342 ComptrollerGenerals Beport 10 12 15 16 17 20 21 22 24 25 26 27 28 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 Advertising 27756 printing and stationery 455 Legal 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 4262 city taxes and licenses 98206 total Eemittance to home office Security bonds Commission on investment purchased Auditing books Paid for interest on deposits to Nationale Fire Insurance Co and LAbeille Fire Ins Co under reinsurance treaty 41 Total disbursements IVLedger Assets 4 Book value of bonds 511050 00 7 Deposits in trust companies and banks on interest 55440 57 8 Agents balances representing business written subsequent to Oct 1 1913 63152 73 13 Cash deposited with Philadelphia Under writers Association 100 00 16 Total ledger assets 18 Interest accrued on bonds 6416 66 24 Total 30 Gross assets 119384 72 2042 67 87361 04 194 99 282 11 41 35 1996 41 1797 23 477 87 4244 02 2546 02 1024 68 60000 00 129 07 25 00 112 50 624 38 282284 06 629743 30 6416 66 636159 96 Deduct Assets Not Admitted 38 Book value of ledger assets over market value 8550 00 40 Total 8550 00 41 Total admitted assets 627609 96 ComptrollerGenerals Report VLiabilities 343 1 Gross losses adjusted and unpaid 2 Gross claims for losses in process of ad justment or in suspense plus 92153 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 10243 97 38890 02 4 Total 5 Deduct reinsurance due or accrued 49133 99 22361 95 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 19411468 unearned premiums per recapitulation 194114 68 10 Total unearned premiums as computed above 194114 68 18 Estimated amount hereafter payable for federal state land other taxes based upon the business of the year of this statement 5000 00 19 Contingent commissions or other charges due or accrued 20840 40 21 Reinsurance and return premiums due other companies 45701 64 26 Total amount of all liabilities except capital 292428 76 28 Surplus over all liabilities 335181 20 29 Surplus as regards policyholders 30 Total liabilities Business in The State of Georgia During The Year 27 Gross risks written Less 3806262 risks cancelled and 8689600 reinsurance in companies authorized in Georgia 335181 20 627609 96 360972 62 124958 62 Net risks written 28 Gross premiums on risks written Less 25904 return premiums and 65818 premiums for reinsurance in companies authorized in Georgia 236014 00 2804 06 917 22 Net premiums received 1886 84 29 Losses paid deducting salvage 1113 93 Less losses on risks reinsured in companies authorized in Georgia 291 99 Net losses paid 821 94344 ComptrollerGeneral s Report 30 Losses incurred 1120 49 Less losses on risks reinsured in companies authorized in Georgia 291 99 Net losses incurred 828 50 PHOENIX ASSURANCE CO LTD OF LONDON Head Office in the United States 100 William Street New York N Y L P Bayard P Beresford Joint Managers A D Irving Jr Secretary ICapital Stock 1 Amount of capital deposited 510000 00 2 Amount of ledger assets as per balance December 31 of previous year 3843718 03 4 Extended at 3843718 03 IIIncome Fire Marine Inland 5 Gross premiums 4004828 95 471384 02 6 Deduct reinsurance pre miums fire 104593746 marine and inland 238 60727 return premiums fire 70673625 marine and inland 6611113 total 1752673 71 304718 40 7 Total premiums other than perpetual 2252155 24 166665 62 2418820 86 11 Gross interest on bonds and dividends on stocks less 142986 accrued interest on bonds acquired during 1913 121892 88 12 Gross interest on deposits in trust companies and banks 7472 74 14 Philadelphia Fire Underwriters deposit 6 30 17 Total gross interest and rents 18 From other sources Received from home office 27 Gross increase by adjustment in book value of ledger as sets viz Bonds 129371 92 21394 38 5350 00 28 Total income 2574937 16ComptrollerGenerals Beport 345 IIIDisbursements Fire Marine Inland 1 Gross amount paid policy holders for losses includ ing 27160803 occurring in previous years 2 Deduct amount received for salvage fire 2319584 marine and inland 5 35034 reinsurance fire 54543682 marine and inland 18454631 dis count fire 35115 total 1774331 12 228888 14 568983 81 189896 65 9 10 11 12 13 14 15 16 17 20 21 22 Net amount paid policyhold ers for losses 1205347 31 Expense of adjustment and settlement of losses Commissions or brokerage Allowances to local agencies for miscellaneous agency ex penses Salaries 9138424 and expenses 5564883 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Bents Advertising 437455 printing and stationery 2756317 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 assessments 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 414 79 State licenses 1450 00 Local taxes 7222 06 Advertising required by law 1064 37 38991 49 1244388 80 43277 78 436492 66 8365 58 147033 07 148457 82 22863 28 31937 72 26154 84 822 99 9680 31 7778 59 33670 19 28996 08 19605 13 50898 23 9641 15 Total 23 Other disbursements 24 Premiums on bonds required by States 25 Exchange 26 Reinsurance premiums 1912 27 Remitted to Home Office 292 50 2693 88 72716 82 80840 80 10151 22 32 Total 156544 00346 ComptrollerGenerals Beport 38 Agents balances charged off 448 67 40 Gross decrease by adjustment in book value of ledger as sets viz Bonds 100005 Off 41 Total disbursements 2537163 11 IVLedger Assets 4 Book value of bonds 299790000 and stocks 308600 total 3000986 00 5 Cash in companys office 300 97 6 Deposits in trust companies and banks not on interest 446 03 7 Deposits in trust companies and banks on interest 324148 82 8 Agents balances representing business writ ten subsequent to October 1 1913 518107 12 9 Agents balances representing business writ ten prior to October 1 1933 21466 95 10 Bills receivable taken for marine and in land risks 1970 75 13 Philadelphia Fire Underwritres Deposit 200 00 14 Furniture Fixtures and Sales 6446 44 15 Maps 7400 00 16 Total ledger assets 3881492 08 NonLedger Assets 18 Interest due 2936875 and accrued 1541835 on bonds 44787 Iff 30 Gross assets 3926279 IS Deduct Assets Not Admitted 33 Furniture fixtures and safes 6446 44 34 Agents balances representing business writ ten prior to October 1 1913 21466 95 39 Maps 7400 00 40 Total 35313 39 41 Admitted assets 3890965 79 VLiabilities 1 Gross losses adjusted and unpaid not yet due 10413 00 2 Gross claims for losses in process of adjust ment or in suspense plus 1782700 reComptrollerGenerals Report 347 serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 257862 99 3 Gross claims for losses resisted 19639 00 4 Total 287914 99 5 Deduct reinsurance due or accrued 88408 37 6 Net amount of unpaid losses and claims 199506 62 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 404009897 unearned premiums per recapitulation 2073817 89 8 Gross premiums less reinsurance cash and bills received and receivable upon all un expired inland navigation risks 128 73136 unearned premiums fifty per cent 64365 68 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 705210 un earned premiums 7052 10 10 Total unearned premiums as computed above 2145235 67 17 Salaries rents expenses bills accounts fees etc due or accrued 3500 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 44250 00 19 Contingent commissions or other charges due or accrued 10000 00 26 Total amount of all liabilities except capital 2402492 29 27 Capital deposited 510000 00 28 Surplus over all liabilities 978473 50 29 Surplus as regards policyholders 1488473 50 30 Total liabilities 3890965 79 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 526220187 5253024 63 2 Written or renewed during the year 432887937 4004828 95 3 Excess of original premiums over amount received for reinsurance 4810 22 4 Total 969108124 9262663 80348 COMPTROLLERGENERALS REPORT 5 Deduct those expired and marked off as terminated 386199414 3767979 87 6 In force at the end of the year 582908700 5494683 93 7 Deduct amount reinsured 163466611 1454584 86 8 Net amount in force 419442089 4040098 97 Business in The State of Georgia During The Year 27 Gross risks written 6485872 00 Less 1174402 risks cancelled and 1269915 reinsurance in companies authorized in Georgia 2356789 00 Net risks written 4129083 00 28 Gross premiums on risks written 6871657 00 Less 1207982 return premiums and 740059 premiums for reinsurance in companies authorized in Georgia 1693709 00 Net premiums received 5177948 00 29 Losses paid deducting salvage 18684 41 Less losses on risks reinsured in companies authorized in Georgia 4327 79 Net losses paid 14356 62 30 Losses incurred 21562 41 Less losses on risks reinsured in companies authorized in Georgia 6286 79 PHOENIX FIRE INSURANCE COMPANY Edw Milligan President J B Knox T C Temple Secretaries ICapital Stock 1 Amount of capital stock paid up in cash 3000000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 10862554 36 3 Increase of paid up capital during the year 1000000 00 4 Extended at 11862554 36 HIncome 5 Gross premiums 8166728 69 6 Deduct reinsurance premiums fire 1230ComptrollerGenerals Bepoht 349 57191 return premiums fire 1136 52904 total 1136529 04 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 1148705 accrued interest on bonds acquired during 1913 14 Agents balances 16 Gross rents from companys property 5799627 74 2019 95 6840 08 349507 19 413 15 14367 49 17 Total gross interest and rents i 19 Credit reserve fund sale 20 From sale rights Imperial Bank Stock 21 From Franklin Trust Co previously charged off 22 American National Bank previously charged off 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Bonds Stocks 482436 99 2430 00 4 34 3600 00 7070 00 1025 00 500 00 74722 70 28 Total income 6371 416 77 IIIDisbursements 1 Gross amount paid policyholders for losses including 41134040 occurring in pre vious years 3109596 93 2 Deduct amount received for salvage fire 3458121 reinsurance fire 51186028 Discount fire 94740 total 547388 89 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 7 Salaries 30607585 and expenses 14735895 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees Bents Advertising 695824 printing and stationery 5722249 11 Postage telegrams telephone and express 12 Legal expenses Furniture and fixtures Maps including corrections 15 Underwriters boards and tariff associations 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 9 10 13 14 2562208 04 35378 91 1266787 79 453434 80 181817 90 33195 57 64180 73 43129 54 6541 09 23450 39 14116 65 77464 66 17129 80350 CompteolleeGenebal s Eepoet 17 Inspections and surveys 18 Repairs and expenses other than taxes on real estate 19 Taxes on Teal estate 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax Municipal taxes and fees 23 Other disbursements Commonwealth Bank Deposit charged to suspense acct 25 Equitable Securities Co charged to suspense acct 34 Paid stockholders for interest or dividends amount de clared during the year 34000000 paid stockholders tax 5559842 37 Mortgage loan charge off 38 Agents balances charged off 39 Gross loss on sale or maturity of ledger assets viz Bonds Stocks 40 Gross decrease by adjustment in book value of ledger assets viz Real estate Stocks 22260 01 3205 82 2908 95 103239 24 23974 60 6635 77 26063 87 25000 00 675 00 395598 42 1400 00 218 15 1245 00 1400 00 7655 50 4 31 41 Total disbursements 5400320 64 IVLedger Assets 119635 64 33100 00 77000 00 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 646871885 and stocks 432363613 10792354 98 5 Cash in companys office 7544 08 6 Deposits in trust companies and banks not on interest 53163 40 7 Deposits in trust companies and banks on interest 597791 43 8 Agents balances representing business written subsequent to Oct 1 1913 1108762 17 9 Agents balances representing business written prior to Oct 1 1913 44298 79 16 Total ledger assets 12833650 49 NonLedger Assets 17 Interest accrued on mortgages 20 Interest accrued on bonds 319 57 96785 33ComptrollekGenebals Report 351 18 Interest accrued on other assets Bank De posits 5000 00 23 Rents accrued on companys property or lease 1175 32 24 Total 103280 22 25 Market value of real estate over book value 2137774 26 Market value not including interest on item 18 of bonds and stocks over book value 1599714 77 27 Other nonledger assets viz Foreign premiums in course of collection which have not been carried to ledger account Gross 7442662 less expenses and commis sions 2009517 total 54331 45 20 Gross assets14612354 67 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 298 79 41 Total admitted assets 14568055 88 VLiabilities 1 Gross losses adjusted and unpaid 140858 73 2 Gross claims for losses in process of ad justment or in suspense plus 4270453 reserve for losses incurred proir to Dec 31 of which no notice had been received on that date 582399 82 3 Gross claims for losses resisted 18478 89 4 Total 741737 44 5 Deduct reinsurance due or accrued 163734 25 6 Net amount of unpaid losses and claims 578003 19 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 561913731 unearned prem iums per recapitulation 5619137 31 10 Total unearned premiums as computed above 5619137 31 17 Salaries rents expenses bills accounts fees etc due or accrued 35000 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 165000 00 19 Contingent commissions or other charges due or accrued 10000 00 26 Total amount of all liabilities except capital 6407140 50352 CompteollebGeneeals Kepobt 27 Capital actually paid up in cash 3000000 00 28 Surplus over all liabilities 5160915 38 29 Surplus as regards policyholders 8160915 38 30 Total liabilities 14568055 88 VIRisks and Premiums Fire Eisks Premiums Thereon 1 In force on the 31 day of December as per line 6 under this heading in last years statement 1078409184 10748885 90 2 Written or renewed during the year 895401507 8241155 31 3 Excess of original premiums over amount received for reinsurance 500733 32 4 Total 1973810691 19490774 53 5 Deduct those expired and markedoff as terminated 764030301 7129199 99 6 In force at the end of the year 1209780390 12361574 54 7 Deduct amount reinsured 142334215 1549050 75 8 Net amount in force 1067446175 10812523 79 PROVIDENCE WASHINGTON FIRE INSURANCE COMPANY J B Branch President A G Beals Secretary Dan B Harris Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 100000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 3686564 49 IIIncome 5 Gross premiums 5815774 44 6 Deduct reinsurance premiums fire 867 44372 marine and inland 56102939 return premiums fire 59705377 ma Tine and inland 18657647 2212103 35 7 Total premiums other than perpetual 3603671 09ComptrollerGenerals Beport 353 11 Gross interest on bonds and dividends on stocks less 173575 accrued interest on bonds acquired during 1913 173648 14 12 Gross interest on deposits in trust com panies and banks 7812 47 13 Gross interest from all other sources On marine premiums 100 60 17 Total gross interest and rents 181561 21 23 Stock divided General Electric Co 18000 00 26 Gross profit on sale or maturity of ledger assets viz Stocks 980000 27 Gross increase by adjustment in book value of ledger assets viz Real estate 9127 25 2 Total income 3822591 55 IIIDisbursements 1 Gross amount paid policyholders for losses including 58109255 occurring in pre vious years 2961059 15 2 Deduct amount received for salvage fire 1897204 marine and inland 109 57121 reinsurance fire 44647350 marine and inland 32296248 dis count fire 41898 marine and inland 45045 total 898848 66 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 7 Salaries 9215858 and expenses 2995481 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Eents 10 Advertising 317813 printing and stationery 3140815 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 2062210 49 34690 35 715072 63 122113 39 136152 69 14754 69 34586 28 22061 77 157 73 544 37 6902 14 33890 54 19421 23 15609 00 68115 83 13639 12354 ComptrollerGenerals Report 22 All otheT licenses fees and taxes Federal corporation tax 1468 24 County licenses and taxes 240 51 City licenses and taxes 8627 12 Franchise licenses and taxes 650 00 23 Other disbursements Exchange 1723 23 25 Subscriptions to various publications 674 27 26 Premiums on guaranty bonds 797 85 27 Entertainment 683 93 34 Paid stockholders for interest or dividends amount de clared during the year 100000 00 40 Gross decrease by adjustment in book value of ledger assets viz Real estate 3378 75 Bonds 43270 63 41 Total disbursements 3461436 78 IVLedger Assets 4 Book value of bonds 157500000 and stocks 1345950 2920950 00 5 Cash in companys office 1918 82 6 Deposits in trust companies and banks not on interest 16690 43 7 Deposits in trust companies and banks on interest 452341 92 8 Agents balances representing business written subsequent to Oct 1 1913 628996 65 9 Agents balances representing business written prior to Oct 1 1913 225 13 10 Bills receivable taken for marine and in land risks 26526 31 11 Bills receivable taken for fire risks 70 00 16 Total ledger assets 4047719 26 NonLedger Assets 20 Interest accrued on bonds 13055 96 4 24 Total 13055 96 26 Market value not including interest in item 18 of bonds and stocks over book value 868 352 30 Gross assets 4929127 22ComptkolleeGtEnebals Report Deduct Assets Not Admitted 355 34 Agents balances representing business written prior to Oct 1 1913 225 13 35 Bills receivable past due taken for ma rine inland and fire risks 820 75 41 Total admitted assets 4928081 34 VLiabilities 1 Gross losses adjusted and unpaid 82406 63 2 Gross claims foT 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 receiv ed on that date 501799 26 3 Gross claims for losses resisted 26247 91 4 Total 610453 80 5 Deduct reinsurance due or accrued 209203 30 6 Net amount of unpaid losses and claims 401250 50 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 4038546 unearned premiums per recapitulation 2119981 75 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 49849008 unearned premiums fifty percent 249245 04 9 Gross premiums less reinsuranse cash and bills received and receivable upon all unexpired marine risks 16209700 unearned premiums 50 per cent on time risks 81387 25 10 Total unearned premiums as computed above 2450614 04 17 Salaries rents expenses bills accounts fees etc due or 5000 00 accrued 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of 52000 00 this statement 19 Contingent commissions or other charges due or accrued 1000000 26 Total amount of all liabilities except capital 2918864 54 25 ComptrollerGenerals Eeport 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 1009216 80 29 Surplus as regards policyholders 2 009 216 80 30 Total liabilities 4928081 34 Business in the State of Georgia During the Year 27 Gross risks written 4j249096 00 Less 98529600 risks cancelled and 277136700 reinsur ance in companies authorized in Georgia 1 748 125 00 Net risks written 2500971 00 28 Gross premiums on risks written 47 392 40 Less 1294102 return premiums and 2241135 premiums for reinsurance in companies authorized in Georgia 16534 97 Net premiums received 30 857 43 29 Losses paid deducting salvage 11951 55 Less losses on risks reinsured in companies authorized in GeorSia 3211 71 Net losses paid g 30 Losses incurred ll677 19 Less losses on risks reinsured in companies authorized in GeorSia 3231 71 Net losses incurred 8 445 48 QUEEN INSURANCE COMPANY OF AMERICA Home Office 84 William St New York City Edward F Beddall President Nevett S Bartow Secretary ICapital Stock 1 Amount of capital stock paid up in cash 1000000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 10085857 96 4 Extended at 10085857 9gCoMPTBOLLERGrENEKAL S BePOET 357 IIIncome 5 Gross premiums 6935060 77 6 Deduct reinsurance premiums fire 830 23462 marine and inland 6734264 return premiums fire 91365803 ma rine and inland 15507507 1068733 10 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 217221 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust com panies and banks 13 Gross interest from all other sources Bills receivable 2950 00 364297 98 8174 96 15 91 17 Total gross interest and rents 375438 85 25 From agents balances previously charged off 2 08 26 Gross profit on sale or maturity of ledger assets viz Bonds 609 37 Stocks 640 00 28 Total income 5345440 71 IIIDisbursements 1 Gross amount paid policyholders for losses including 37060632 occurring in pre vious years 3097816 91 2 Deduct amount received for salvage fire 2608011 marine and inland 13 00054 reinsurance fire 37273338 marine and inland 2722862 discount fire 45382 total 439496 47 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 70026 76 5 Commissions or brokerage 939971 84 6 Allowances to local agencies for miscellaneous agency ex penses 14579 95 7 Salaries 10776448 and expenses 7040288 of special and general agents 178167 36 8 Salaries fees and all other charges of officers directors trustees and home office employes 344575 96 9 Eents 43268 06 10 Advertising 2054565 printing and stationery 47 17237 67718 02358 ComptkollebGenekals Eeport 11 Postage telegrams telephone and express 33733 46 12 Legal expenses 1310 06 13 Furniture and fixtures 4383 37 14 Maps including corrections 15093 43 15 Underwriters boards and tariff associations 50928 3 5 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 30148 94 17 Inspections and surveys 29613 32 20 State taxes on premiums 80081 42 21 Insurance department licenses and fees 19944 08 22 All other licenses fees and taxes Federal corporation tax 4534 56 Municipal licenses 12229 15 Local taxes 2540 18 Personal property tax 26 23 Provincial taxes 727 09 Franchise tax 1791 00 23 Other disbursements Custodians fees care of securities 200000 subscriptions to mercantile ageneies etc 4 80644 exchange 396657 general traveling expenses 508817 auditing expenses 256383 fidelity bonds 96364 Supper allowance clerks night work 140253 annual conferences entertainment etc 148173 spring water ice and towel service 114243 Christ mas gratuities 74816 rental tabulating machines 214727 petty items 395835 total 30269 12 34 Paid stockholders for interest or dividends amount de clared during the year 300000 00 38 Agents balances charged off 451 50 40 Gross decrease by adjustment in book value of ledger assets viz Bonds 2009 97 Stocks 640 00 41 Total disbursements 4937083 42 rVLedger Assets 2 Mortgage loans on real estate 65000 00 4 Book value of bonds 647260316 and stocks 269758519 total 9170188 35 5 Cash in companys office 7783 51 6 Deposits in trust companies and banks not on interest 6652 41 7 Deposits in trust companies and banks on interest 482454 72 8 Agents balances representing business written subsequent to Oct 1 1913 748643 85ComptrollerGenerals Report 359 9 Agents balances representing business written prior to Oct 1 1913 13261 91 11 Bills receivable taken for fire risks 230 50 16 Total ledger assets 10494215 25 NonLedger Assets 17 Interest accrued on mortgages 1405 13 20 Interest due 97333 and accrued 88 55012 on bonds 89523 45 18 Interest on other assets Bank Balances 1108 09 24 Total 92036 67 30 Gross assets 10586251 92 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 13261 91 38 Book value of ledger assets oveT market value viz Bonds and stocks 592976 86 40 Total 606238 77 41 Total admitted assets 9980013 15 VLiabilities 1 Gross losses adjusted and unpaid 113048 50 2 Gross claims for losses in process of ad justment or in suspense plus 3222664 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 284883 30 3 Gross claims for losses resisted 64969 00 4 Total 462900 80 5 Deduct reinsurance due or accrued 72868 60 6 Net amount of unpaid losses and claims 390032 20 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 820473369 unearned prem iums per recapitulation 4244830 14 8 Gross premiums less reinsurance cash and bills received and receivable upon360 ComptrollerGenerals Keport all unexpired inland navigation risks 48229869 unearned premiums fifty peT cent 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 1486094 unearned premiums 241149 33 14664 94 10 Total unearned premiums as computed above 4 500644 41 17 Salaries rents expenses bills accounts fees etc due or accrued 992 59 18 Estimated amount hereafter payable for federal state and other taxes based upon the businss of the year of this statement 95 752 39 19 Contingent commissions or other charges due or accrued 22807 77 23 All other liabilities viz Pension obligations 30765 00 26 Total amount of all liabilities except capital 5041004 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 3939005 49 29 Surplus as regards policyholders 4939008 49 30 Total liabilities 9980013 15 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force December 31 1912 803072401 8868644 44 547349053 6125214 65 2 Written or renewed in 1913 4 Totals 1350421454 14993859 09 5 Deduct expirations and cancellations 509116936 5865088 98 6 In force December 31 1913 841304518 9128770 11 7 Deduct amount reinsured 84624778 924036 42 8 Net amount in force 756679740 8204733 69 Business in the State of Georgia During the Year 27 Gross risks written 10857801 00 Less 191442300 risks cancelled and 95182300 rein surance in companies authorized in Georgia 2 866 246 00 Net risks written 799555 00ComptrollerGenerals Report 361 28 Gross premiums on risks written 178 590 9g Less 2319270 return premiums and 1370777 premiums for reinsurance in companies authorized in Georgia 36900 47 Net premiums received 141690 51 9 Losses paid deducting salvage 8171370 salvage 35855 81 355 15 Less losses on risks reinsured in companies authorized in e0rSia 5647 59 Net losses paid 75707 5S M Losses incurred 79 295 15 Less losses on risks reinsured in companies authorized in Ge0rSia 3340 59 Net losses incurred 75954 56 EHODE ISLAND INSURANCE COMPANY George L Shepley President Emil G Pieper Secretary Hon Win A Wright Attorney for Service in Georgia LCapital Stock 1 Amount of capital paid up in cash 400000 00 2 Amount of ledger assets as per balance December 31 of previous years 1304234 36 IIIncome 3 Gross premiums 1037333 86 4 Deduct reinsurance premiums fire 232 03387 return premiums 21456017 446 594 04 7 Total premiums other than perpetual 11 Gross interest on bonds and dividends on stocks less 21000 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust com panies and banks 14 From cash deposited with Philadelphia Un derwriters Assn 17 Total gross interest and rents 590739 82 49596 88 809 90 3 15 50409 93362 ComptrollerGenerals Report 27 Gross profit on sale or maturity of ledger assets viz Bonds 7913 13 29 Total income 649062 88 IIIDisbursements 1 Gross amount paid policyholders for losses including 5433226 occurring in pre vious years 2 Deduct amount received for salvage fire 1047280 reinsurance fire 10559468 Discount fire 23939 402244 96 116306 87 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 10 Advertising 11 Postage telgrams 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 Federal corporation tax City taxes and licenses 23 Other disbursements Surety bonds 25 Commission on investments 26 Auditing books 34 Paid stockholders foT interest or dividends amount de clared during the year 39 Gross loss on sale or maturity of ledger assets viz Bonds Stocks 41 Total disbursements 285938 09 6627 50 189538 81 425 32 1 57 98 98 4706 03 4111 82 1704 53 11328 23 4053 80 26 57 3000 12 337 87 75 110 150 00 40000 00 50 00 7 37 552181 01 TVLedger Assets 4 Book value of bonds 89568142 and stocks 26925667 1164938 09 7 Deposits in trust companies and banks on interest 86847 22ComptrollerGenerals Eeport 363 8 Agents balances representing business written subsequent to Oct 1 1913 149230 32 13 Cash deposited with Phila Undw Assn 100 00 16 Total ledger assets 1401115 63 NonLedger Assets 18 Interest accrued on bonds 11162 01 20 Interest accrued on other assets United Traction and Electric Co 60500 Nat ional Exchange Bank 15000 Union Trust Co dividend 30000 American LaFrance Fire Engine Co 35000 1425 00 24 Total 12587 01 27 Other nonledger assets viz Reinsurance due on losses paid Munich Reinsurance Co 2937 Union Fire Ins Co of Paris France 2937 total 58 74 30 Gross assets 1413761 38 Deduct Assets Not Admitted 38 Book value of ledger assets over market value 54658 59 41 Total admitted assets 1359102 79 VLiabilities 1 Gross losses adjusted and unpaid 15794 88 2 Gross claims for losses in process of ad justment or in suspense plus 33119 reserve for losses incurred prior to Dfec 31 of which no notice had been receiv ed on that date 48935 29 3 Gross claims for losses resisted 7898 94 4 Total 72629 11 5 Deduct reinsurance due or accrued 26513 83 6 Net amount of unpaid losses and claims 46115 28 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 90036070 unearned prem iums per recapitulation 480261 41 10 Total unearned premiums as computed above 480261 41364 ComptrollerGenerals Beport 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 19 Contingent commissions or other charges due or accrued 11000 00 49246 00 26 Total amount of all liabilities except capital 586622 69 27 Deposit capital actually paid up in cash 400000 00 28 Surplus over all liabilities 372480 10 29 Surplus as regards policyholders 772480 10 30 Total liabilities 1359102 79 VIRisks and Premiums Eire Risks Premiums Thereon 1 In force on the 31 day of December as per line 6 under this heading in last years statement 110364829 00 999367 14 2 Written or renewed during the year 105854869 00 1037333 86 4 Total 216219 698 00 2036701 00 5 Deduct those expired and marked off as terminated 84514101 00 826101 89 6 In force at the end of the year131705597 00 7 Deduct amount reinsured 32720249 00 1210599 11 310238 41 8 Net amount in force 98985348 00 900360 70 Business in the State of Georgia During the Year 27 Gross risks written 1005 667 00 Less 19746400 risks cancelled and 20438700 reinsur ance in companies authorized in Georgia 401851 00 Net risks written 603816 00 28 Gross premiums on risks written 12879 74 Less 272226 return premiums and 266278 premiums for reinsurance in companies authorized in Georgia 5385 04 Net premiums received 29 Losses paid deducting salvage 30 Losses incurred 7494 70 1350 13 1409 67 Net losses incurred 1390 69CompteollebGeneeals Eepoet 365 ROYAL EXCHANGE ASSURANCE COMPANY OF LONDON United States Manager Richard D Harvey W L Brooks Attorney for Service in Georgia ICapital Stock 1 Deposit capital pursuant to laws of Illinois 200000 00 2 Amount of ledger assets as per balance December 31 of previous years 2869 679 63 Extended at 2869679 63 i IIncome 3 Gross premiums 3398582 75 5 Reinsurance premiums fire 53701514 marine and inland 23180044 return premiums 51593055 marine and in land 15698420 total 1441730 33 7 Total premiums other than perpetual 11 Gross interest on bonds and dividends on stocks 4 12 Gross interest on deposits in trust com panies and banks 1956852 42 94603 50 2371 01 17 Total gross interest and rents 19 Received from home office 21 Account of Head office 26 From agents balances previously charged off 29 Total income 96974 51 450646 65 149 30 34 40 2504657 28 IIIDisbursements 1 Gross amount paid policyholders for losses including 17904096 occurring in pre vious years 2 Deduct amount received for salvage fire 306755 marine and inland 23 16666 reinsurance fire 28694844 marine and inland 15529751 discount fire 50465 total 157253593 468984 81 3 Net amount paid policyholders for losses 1103 551 12366 ComptkollebGenekals Bepoet 4 Expenses of adjustment and settlement of losses 26609 17 5 Commissions or brokerage 427095 49 6 Allowances to local agencies for miscellaneous agency ex penses 6982 05 7 Salaries 6251323 and expenses 3700544 of special and general agents 518 67 8 Salaries fees and all other charges of officers directors trustees and home office employees 87814 29 9Eents 10951 41 10 Advertising 333965 printing and stationery 1173282 15072 47 11 Postage telegrams telephone and express 10077 12 12 Legal expenses 13 Furniture and fixtures a u 14 Maps including corrections 4121 25 15 Underwriters boards and tariff associations 25437 75 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 17565 99 17 Inspections and surveys 5639 38 20 State taxes on premiums c 21 Insurance department licenses and fees 10387 95 22 All other licenses fees and taxes 66754 Federal income tax 2250 municipal licenses 743098 county taxes 72077 publication fees 6698 total 9503 77 23 Other disbursements Auditing fees 115000 books of balance 38903 fidelity bonds and ins premiums 32505 mercantile reports 85700 miscellaneous 7008 total 2791 16 38 Eemitted to home office 379166 05 41 Total disbursements 2284860 44 IVLedger Assets 4 Book value of bonds 250385176 and stocks 5000000 2553851 76 5 Cash in companys office 477 20 6 Deposit in trust companies and banks not on interest 82844 85 7 Deposits in trust companies and banks on interest 140913 75 8 Agents balances representing business written subsequent to October 1 1913 299932 22 9 Agents balances representing business written prior to Oct 1 1913 11456 69 16 Total ledger assets 3089476 47ComptkollekGenebals Eepobt 367 NonLedger Assets 18 Interest accrued on bonds 32358 54 20 Interest due on other assets Bank interest 232 81 24 Total 32591 35 30 Gross assets 3122067 82 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 11456 69 39 Banks 21361551 stocks 900000 222615 51 41 Total admitted assets 2887995 62 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense plus 2251100 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 259913 00 3 Gross claims for losses resisted 28640 00 4 Total 288553 00 5 Deduct reinsurance due or accrued 119656 99 6 Net amount of unpaid losses and claims 168896 01 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 282343012 unearned premiums per recapitulation 1479065 07 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 20764879 unearned premiums fifty per cent 103824 39 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 59687 un earned premiums pro rata per cent 31949 51 10 Total unearned premiums as computed above 1614838 97 17 Salaries rents expenses bills accounts fees etc due or accrued 3667 88 18 Estimated amount hereafter payable for federal state and368 ComptrollerGenerals Report other taxes based upon the business of the year of this statement 40000 00 19 Contingent commissions or other charges due or accrued 14075 96 26 Total amount of ail liabilities except capital 1841478 82 27 Deposit capital actually paid up in cash 400000 00 28 Surplus over all liabilities 646516 80 29 Surplus as regards policyholders 1046516 80 30 Total liabilities 2887995 62 VIRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31day of December as per line 6 under this heading in last years Statement342144315 00 3407681 20 2 Written or renewed during the year 265966402 00 2644348 74 4 Total 60811071700 6052029 94 5 Deduct those expired and marked off as terminated 235557119 00 2437379 56 6 In force at the end of the year372553598 00 3614350 38 7 Deduct amount reinsured 86398656 00 791220 26 8 Net amount in force286154942 00 2823430 12 ROYAL INSURANCE COMPANY LIMITED LIVERPOOL ENGLAND Principal Office in the United States 84 William St New York N Y Edward Fitch Beddall General Attorney for the U S ICapital Stock 1 Deposit capital deposited in New York 450000 00 Ohio 100000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 12280578 53 IIIncome 3 Gross premiums fire 1131153205 marine 126867161 total 12580203 66ComptbollebGenebals Eepoet 369 5 Reinsurance premiums fire 194947322 marine and inland 18207433 return premiums 199563605 marine and in land 21707414 total 4344257 74 7 Total premiums other than perpetuali 8 Deposit premiums written on perpetual risks gross 3235945 92 70 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 731146 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust com panies and banks 14 From sub branch offices etc 16 Gross rents from companys property in cluding 5633047 for companys occu pancy of its own buildings 12359 17 240617 79 11794 61 513 12 402052 66 17 Total gross interest and rents 24 Remittance from home office 26 From agents balancespreviously charged off 28 Gross increase by adjustment in book value of ledger assets viz Bonds 667337 35 808279 46 10 00 30798 80 29 Total income 9742372 23 IIIDisbursements 1 Gross amount paid policyholders for losses including 63564960 occurring in pre vious years Fire 496728835 marine 48801818 total 545530653 2 Deduct amount received for salvage fire 7111225 marine and iniand 2333389 reinsurance fire 100325002 marine and inland 3988225 discount fire 10049 total 1137678 90 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 ex penses 7 Salaries fees and all other charges of officers directors trustees and home office employees 8 Salaries 15395018 and expenses 9607968 of special and general agents 9 Rents including 5633047 for companys occupancy of its own buildings 112832 66 1550365 60 18488 14 629455 23 250047 86 86527 85370 ComptrollerGenerals Report 10 11 12 13 14 15 16 17 18 19 20 21 22 23 25 26 27 28 29 30 31 32 33 38 39 40 Advertising 4277675 printing and stationery 59 26619 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 an dexpenses 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 Municipal licenses county taxes and fees Other disbursements General traveling expenses Subscriptions to Mercantile agencies Exchange Auditing expenses Annual conference and ent expenses Rental tabulating machines Fidelity bonds Supper allowance clerks night work Spring wateT ice and towel service Sundry petty expenses Deposit premiums returned Agents balances charged off Remitted to home office Gross decrease by adjustment in book value of ledger assets viz Real estate Bonds 102042 94 60941 35 1900 06 14343 59 19410 54 99559 49 84882 50 64360 18 192590 08 52055 49 153542 87 24519 20 7253 07 18542 45 11226 08 9918 78 3993 76 4640 39 3096 08 3134 55 1848 11 2746 05 1610 66 5920 30 4926 78 2986 83 1177085 04 10522 31 18523 42 41 Total disbursements 9 123 467 92 IVLedger Assets 1 Book value of real estate 4348500 00 2 Mortgage loans on real estate first liens 251100 00 4 Book value of bonds 608520000 and stocks 22058543 6305785 43 5 Cash in companys offices 2 548 60 7 Deposits in trust companies and banks on interest 609513 17 8 Agents balances representing business written subsequent to October 1 1913 1262519 13ComptbollebGenebals Eepoet 371 9 Agents balances representing business written prior to Oct 1 1913 29516 51 16 Total ledger assets 12899482 84 NonLedger Assets 17 Interest accrued on mortgages 3611 60 18 Interest accrued on bonds 77723 89 23 Rents accrued on companys property or lease 17918 60 24 Total 99254 09 30 Gross assets 12998736 93 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 29516 51 38 Book value of ledger assets over market value viz Bonds and stocks 369917 18 40 Total 399433 69 41 Total admitted assets 12599303 24 VLiabilities 1 Gross losses adjusted and unpaid due 9601842 not yet due 2186550 117883 92 2 Gtoss claims for losses in process of ad justment or in suspense plus 1718800 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 586313 85 3 Gross claims for losses resisted 92910 00 4 Total 797107 77 5 Deduct reinsurance due or accrued 251589 38 6 Net amount of unpaid losses and claims 545518 39 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 1550415023 unearned prem iums per recapitulation 7978561 24 8 Gross premiums less reinsurance cash and bills received and receivable upon572 ComptrollerGeneral s Eeport all unexpired inland navigation risks 67801777 unearned premiums fifty per cent 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 9 53097 unearned premiums 100 per cent 339008 88 9530 97 10 Total unearned premiums as computed above 8327101 09 11 Amount reclaimable by the insured on perpetual fire in surance policies being 85 and 95 per cent of the premium or deposit received 12 Net premium reserve and all other liabilities except capital under the life insurance or any other special department 17 Salaries rents expenses bills accounts fees etc due or accrued 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 19 Contingent commissions or other charges due or accrued 84095 21 87611 66 8505 00 206456 91 42832 09 26 Total amount of all liabilities except capital 9302120 35 27 Deposit capital actually paid up in cash 550000 00 28 Surplus over all liabilities 2747182 89 29 Surplus as regards policyholders 3 297 182 89 30 Total liabilities 12599303 24 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 1756177794 18622308 68 2 Written or renewed during the year 1424027124 12580203 66 3 Excess of original premiums over amount received for reinsurance 41 389 37 4 Total 3180204918 31243901 71 5 Deduct those expired and marked off as terminated 1340192478 12161909 87 6 In force at the end of the year 1840012440 19081991 84 7 Deduct amount reinsured 272090424 2890292 87ComptrollerGenerals Report 373 8 Net amount in force 1567922016 16191698 97 9 Perpetual risks not included above 447081700 de posit premiums on same 97 176 64 Business in the State of Georgia During the Year 27 Gross risks written 11137874 00 Less 192451100 risks cancelled and 164379900 re insurance in companies authorized in Georgia 3568310 00 Net risks written 7569564 00 28 Gross premiums on risks written 142 979 82 Less 2330762 return premiums and 1348277 prem iums for reinsurance in companies authorized in Ga 36790 39 Net premiums received 106 189 43 29 Losses paid deducting salvage 72 396 33 Less losses on risks reinsured in companies authorized in Georgia 1556 06 Net losses paid 70840 27 30 Losses incurred 7g 373 33 Less losses on risks reinsured in companies authorized in Georgia 3181 42 Net losses incurred 73 194 91 ST PAUL FIRE AND MARINE INSURANCE COMPANY Home Office St Paul Minnesota F E Bigelow President A W Perry Secretary A B Tumlin 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 years 8893781 35 4 Extended at 8893781 35 IIIncome 5 Gross premiums 8787835 63 6 Deduct reinsurance premiums Are 740374 ComptrollerGenerals Report 17674 marine and inland 76120046 return premiums fire 87279689 ma rine and inland 30380689 total 2677980 98 7 Total premiums other than perpetual 6109854 65 9 Gross interest on mortgage loans 30013 02 10 Gross interest on collateral loans 1803 47 11 Gross interest on bonds and dividends on stocks less 786128 accrued interest on mortgages acquired during 1913 325159 29 12 Gross interest on deposits in trust compa nies and banks 4935 88 14 Interest on notes taken for premiums 10210 55 16 Gross rents from companys property in cluding 12000 for companys occupancy of its own buildings 17111 26 17 Total gross interest and rents 389233 47 18 From other sources 19 From Nat GermanAmerican Bank stock 6000 00 20 From conscience money 230 00 21 From Merchants Natl Bank stock 1375 00 24 Increase in liabilities during the year on account of reinsur ance treaties 11 914 go 25 From agents balances previously charged off 2 718 47 26 Gross profit on sale or maturity of ledger assets Bonds 1098 61 28 Total income 6522424 80 IIIDisbursements 1 Gross amount paid policyholders for losses 4457420 67 2 Deduct amount received for salvage fire 1138068 marine and inland 85 98094 reinsurance fire 34843813 marine and inland 70328422 dis count fire 89625 total 1150980 49 3 Net amount paid policyholders for losses 3306440 18 4 Expenses of adjustment and settlement of losses 69848 87 5 Commissions or brokerage 1 453 574 17 6 Allowances to local agencies for miscellaneous agency ex Penses 6865 56 7 Salaries 6564339 and expenses 4518983 of special and general agents 210833 22 8 Salaries fees and all other charges of officers directors trustees and home office employees 122 905 45 9 Eents including 12000 for companys occupancy of its own buildings 12963 50ComptkollerGenebais Eepoet 375 10 Advertising 704722 printing and stationery 4783865 54886 37 11 Postage telegrams telephone and express 32900 99 12 Legal expenses 12137 29 13 Furniture and fixtures 3348 85 14 Maps including corrections 9297 75 15 Underwriters Boards and Tariff Associations 11570 41 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 5653 69 17 Inspections and surveys 23767 52 18 Eepairs and expenses other than taxes on real estate 4316 83 19 Taxes on real estate 3460 39 20 State taxes on premiums 129650 33 21 Insurance department licenses and fees 20128 98 22 All other licenses fees and taxes a Federal corporation tax 6124 24 b City licenses and occupation tax 9252 82 c City taxes 618 95 d State and county licenses and taxes 3032 83 23 Other disbursements Various 8117 49 34 Paid stockholders for interest or dividends amount de clared during the year 100000 100000 00 38 Agents balances charged off 833 58 39 Gross loss on sale or maturity of ledger assets viz a Real estate 4010 58 b Bonds 226 29 e Stocks 125 00 40 Gross decrease by adjustment in book value of ledgeras sets viz Stocks 1375 00 41 Total disbursements 5628267 13 IVLedger Assets 1 Book value of real estate 254580 84 2 Mortgage loans on real estate first liens 642905 other than first 400 643305 00 4 Book value of bonds 726082880 and stocks 27208893 7532917 73 5 Cash in company a office 501 62 6 Deposits in trust companies and banks not on interest 3017 80 7 Deposits in trust companies and banks on interest 501637 73 8 Agents balances representing business writ ten subsequent to October 1 1913 758597 37 9 Agents balances representing business writ ten prior to October 1 1913 8128 78 10 Bills receivable taken for marine and inland risks 4731 59376 ComptrollerGenerals Eeport 73729 82 11 Bills receivable taken for fire risks 13 Due from reinsurance companies for return premiums 120 18 14 Due from reinsurance companies on losses Paid 6670 56 16 Total ledger assets 9787939 02 NonLedger Assets 17 Interest accrued on mortgages 18 Interest accrued on bonds 7804 56 55770 98 24 Total 27 Other nonledger assets viz Unliquidated interest in 100 shares of National GermanAmerican Bank stock 63575 54 1000 0O 30 Gross assets 953514 55 Deduct Assets Not Admitted 34 Agents balances representing business written prior to October 1 1913 35 Bills receivable past due taken for marine inland and fire risks 36 Mortgages other than first 37 Miscellaneous stocks 38 Book value of ledger assets over market value 39 Reinsuring companiescollection doubtful 8128 78 16876 30 400 00 1325 00 360064 65 830 10 41 Total admitted assets 9464889 73 VLiabilities 1 Gross losses adjusted and unpaid 2 Gross claims for losses in process of ad justment or in suspense 3 Gross claims for losses resisted 4 Total 5 Deduct reinsurance due or accrued 62045 11 566028 90 28060 70 656134 71 209048 43 6 Net amount of unpaid losses and claims 447 086 28 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 910171160 unearned premiums 4723298 39 7 Excess of original premiums over amountCompteollebGenebal s Repoet 37 received for reinsurance per agreement with Minnesota Insurance Department to cover excess on old policies not included in line 7 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 81215090 unearned premiums fifty per cent 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 3414256 un earned premiums 100 per cent 1000 00 406075 45 34142 56 10 Total unearned premiums as computed above 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 19 Contingent commissions or other charges due or accrued 21 Beinsurance and return premiums due other companies 23 All other liabilities viz Eeserved for unpaid bills 5164516 40 100000 00 3983 88 34337 32 1000 00 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 500000 00 28 Surplus over all liabilities 3213965 85 5750923 88 29 Surplus as regards policyholders 3713965 85 30 Total liabilities 9464889 73 VIEisks and Premiums 1 In force on the 31st day of December as per line 5 under this heading in last years statement 723153600 9390211 55 2 Written or renewed during the year 502973510 6135019 73 3 Excess of original premiums over amount received for reinsurance 2094 96 4 Total 1226127110 15527326 24 5 Deduct those expired and marked off as ter minated 425107239 5665350 34 6 In force at the end of the year 801019871 9861975 90 7 Deduct amount reinsured 59018949 760264 30 8 Net amount in force 742000922 9101711 60378 CompteollebGenebals Eepoet Business in the State of Georgia During the Tear Fire 27 Gross risks written 3248841 00 Less fire 594021 marine 191185 risks cancelled and fire 18444 ma rine 120026741 reinsurance in com panies authorized in Georgia 812465 00 Net risks written 2436376 00 28 Gross premiums on risks written 51583 48 Less fire 878708 marine 480487 re turn premiums and fire 339991 marine 585673 premiums for rein surance in companies authorized in Georgia 12186 99 Net premiums received 39396 49 29 Losses paid deducting salvage 23897 79 Less losses on risks reinsured in compa nies authorized in Georgia 207 80 Net losses paid 23689 99 30 Losses incurred 22238 91 Less losses on risks reinsured in compa nies authorized in Georgia 207 80 Net losses incurred 22031 11 Marine 5312294 42 1391452 41 3920842 01 37200 36 10661 60 26538 76 18625 39 9457 43 9167 96 19182 89 9457 43 9725 46 SAVANNAH FIRE INSURANCE COMPANY OF SAVANNAH GA Mills B Lane President W F Train Secretary Adams Adams Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 100000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 156299 28 4 Extended at 156299 28 IIIncome 5 Gross premiums 30665 10COMPTROLLERGrENEEAIiS BePOKT 379 6 Deduct reinsurance premiums fire 12 02316 return premiums fire 414980 16171 96 7 Total premiums other than perpetual 14493 14 12 Gross interest on deposits in trust com panies and banks 1245 90 14 Discount on City of Savannah note 900 00 16 Gross rents S6fl2 50 17 Total gross interest and rents 10758 40 28 Total income 25251 54 IIIDisbursements 1 Gross amount paid polieyholders for losses including 134196 occurring in pre vious years 2 Deduct amount received for reinsurance fire 5686 83 962 02 10 11 13 14 15 18 19 20 21 22 24 25 Net amount paid polieyholders for losses 4724 81 Expenses of adjustment and settlement of losses 63 85 Salaries fees and all other charges of officers directors trustees and home office employees 3033 62 Advertising 31820 printing and stationery 36253 680 73 Postage telegrams telephone and express 197 98 Furniture and fixtures 192 50 Maps including corrections 116 80 Underwriters boards and tariff associations 73 00 Repairs and expenses other than taxes on real estate 1578 71 Taxes on real estate 1599 42 State taxes on premiums 19 26 Insurance department licenses and fees 200 00 All other licenses fees and taxes Federal corporation tax 368 82 Travelling expense 393 26 Auditing of books by state 255 20 41 Total disbursements 13497 96 IVLedger Assets 1 Book value of real estate 120000 00 6 Deposits in trust companies and banks not on interest 3053 23 7 Deposits in trust companies and banks on interest 24209 61380 ComptrollerGenerals Report 8 Agents balances representing business written subsequent to Oct 1 1913 5703 44 13 Note City of Savannah Due Oct 11 1916 15000 00 14 Due from reinsurance companies 86 58 16 Total ledger assets NonLedger Assets 21 Interest on 2420961 in Savings Bank and City of Savannah note 454 34 23 Bents due on companys prorerty ot lease 308 75 24 Total 30 Gross assets Deduct Assets Not Admitted 41 Total admitted assets VLiabilities 2 Gross claims for losses in process of ad justment or in suspense 3152 05 4 Total 3152 05 5 Deduct reinsurance due or accrued 1 302 05 6 Net amount of unpaid losses and claims i 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 12965 49 10 Total unearned premiums as computed above 18 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 capital i 27 Capital actually paid up in cash 100000 00 28 Surplus over all liabilities 53 936 37 29 Surplus as regards policyholders 30 Total liabilities 168052 86 763 09 168815 95 168815 95 1850 00 12965 49 64 09 14879 58 153936 37 168815 95ComptrollerGenerals Report 381 VIBisks and Premiums Fire Bisks Premiums Thereon 1 In force on the 31 day of December as per line 6 under this heading in last years statement 1624170 00 22120 17 2 Written or renewed during the year 1758283 00 26515 30 4 Total 3382453 00 48638 47 5 Deduct those expired and marked off as terminated 097994 00 12212 99 6 In force at the end of the year 2384459 00 36425 48 7 Deduct amount reinsured 1157925 00 15982 99 8 Net amount in force 122653400 20442 49 Business in the State of Georgia During the Year 27 Gross risks written 1997533 00 Less 52079000 risks cancelled and 82898000 reinsur ance in companies authorized in Georgia 1 349 770 00 Net risks written 647763 00 28 Gross premiums on risks written 26 568 39 Less 414980 return premiums and 1202216 premiums for reinsurance in companies authorized in Georgia 16171 96 Net premiums received 10 396 43 29 Losses paid deducting salvage 5 599 97 Less losses on risks reinsured in companies authorized in Georgia 962 02 Net losses paid 437 95 30 Losses incurred 7 410 06 Less losses on risks reinsured in companies authorized in Gergia 2264 07 Net losses incurred 5 145 99382 ComptbolleeGenerals Repobt SCOTTISH UNION AND NATIONAL INSURANCE COMPANY James H Brewster United States Manager W E Hoyt Attorney for Service ICapital Stock 1 Amount of capital deposited 200000 00 2 Amount of ledger assets as per balance December 31 of previous years 5569446 57 4 Extended at 5569446 57 HIncome 5 Gross premiums 4119024 59 6 Deduct reinsurance premiums fire 1125 24390 return premiums fire 728 48765 total 1125243 90 7 Total premiums otheT than perpetual 2265293 04 9 Gross interest on mortgage loans 8490 53 11 Gross interest on bonds and dividends on stocks less 222728 accrued interest on bonds acquired during 1913 217374 12 12 Gross interest on deposits in trust compa nies and banks 3929 35 16 Gross rents from companys property in cluding 4500 for companys occupancy of its own buildings 7387 25 17 Total gross interest and rents 237181 25 19 Eeceived from Home Office 60591 77 24 Increase in liabilities during the year on account of reinsur ance treaties 28706 40 26 Gross profit on sale or maturity of ledger assets viz Bonds 100 00 28 Total income 2591872 46 ITIDisbursements 1 Gross amount paid policyholders for losses including 9511825 occurring in previous years 1516464 51 2 Deduct amount received for Salvage fire 1274338 reinsurance fire 43947842 discount fire 32899 total 452550 79 3 Net amount paid policyholders for losses 1063913 72ComptbolleeGenebals Repqet 383 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 32 38 39 40 Expenses of adjustment and settlement of losses 23930 94 Commissions or brokerage less 32533896 reinsurance com missions 489407 90 Allowances to local agencies for miscellaneous agency ex penses 8924 02 Salaries 5411820 and expenses 4313337 of special and general agents 97251 57 Salaries fees and all other charges of officers directors trustees and home office employees 103195 21 Bents including 4500 for companys occupancy of its own buildings 9101 07 Advertising 453461 printing and stationery 1839934 22933 95 Postage telegrams telephone and express 15858 49 Legal expenses 840 92 Furniture and fixtures 14548 02 Maps including corrections 8625 59 Underwriters boards and tariff associations 43842 69 Fire department fire patrol and salvage corps assessments fees taxes and expenses 29574 44 Inspections and surveys 3467 74 Repairs and expenses other than taxes on real estate 17166 56 Taxes on real estate 1019 86 State taxes on premiums 45448 80 Insurance department licenses and fees 11049 70 All other licenses fees and taxes Federal corporation tax 2319 47 Municipal licenses 6775 37 Other disbursements Mercantile reports 1295 25 Office supplies 502 12 Premiums on Fidelity bonds 567 SO Safe deposit box 600 00 Subscriptions 915 82 Sundry building expenses 2181 96 Tabulating system 1406 69 Remitted to home office 12801 30 Agents balances charged off 463 Off Gross loss on sale or maturity of ledger assets viz Bonds 2856 98 Gross decrease by adjustment in book value of ledger as sets viz Real estate 15551 55 41 Total disbursements 2058337 56 IVLedger Assets 1 Book value of real estate 250564 10 2 Mortgage loans on real estate first liens 155900 00 4 Book value of bonds 482209812 and stocks 5020625 total 4872304 37384 ComptrollerGeneral s Beport 7 Deposits in trust companies and banks on interest 346491 59 8 Agents balances representing business writ ten subsequent to October 1 1913 471454 06 9 Agents balances representingbusiness writ ten prior to October 1 1913 6267 35 16 Total ledger assets 6102981 47 NonLedger Assets 17 Interest accrued on mortgages 2819 13 20 Interest due 3892625 and accrued 46 41104 on bonds 85337 29 24 Total 6191137 89 30 Gross assets 6191137 89 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 6267 35 37 Overdue and accrued interest on bonds in default 12166 66 39 Bonds and stocks 218255 62 41 Total admitted assets 5 954 448 26 VLiabilities 1 Gross losses adjusted and unpaid 103766 00 2 Gross claims for losses in process of ad justment or in suspense plus 764600 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 167 712 00 3 Gross claims for losses resisted 8945 00 4 Total 280423 00 5 Deduct reinsurance due or accrued 98844 00 6 Net amount of unpaid losses and claims 181 579 00 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 434668865 unearned pre miums 2281937 74 17 Salaries rents expenses bills accounts fees etc due or accrued 10000 00ComptrollekGenekal s Repobt 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20 Funds held under reinsurance treaties 385 30000 00 28706 40 26 Total amount of all liabilities except capital 2532223 14 27 Capital deposited 200000 00 28 Surplus over all liabilities 3222225 12 29 Surplus as regards policyholders 3422225 12 30 Total liabilities77 5954448 26 VIRisks and Premiums 1 In force on the 31 day of December as per line 6 under this heading in last years statement 576164583 5393907 39 2 Written or renewed during the year 442942806 4119024 59 3 Excess of original premiums over amount received for reinsurance 8 831 76 4 Total 1019108389 9521763 74 5 Deduct those expired and marked off as terminated 369804330 3564071 82 6 In force at the end of the year 649303059 5957691 92 7 Deduct amount reinsured 185202239 1611003 27 8 Net amount in force 464100820 4346688 65 Business in the State of Georgia During the Year 27 Gross risks written 4880765 Q0 Less 874720 risks cancelled and 173976 reinsurance in companies authorized in Georgia 1048696 00 Net risks written 3832069 00 28 Gross premiums on risks written 57796 59 Less 697042 return premiums and 84416 premiums for reinsurance in companies authorized in Georgia 7814 58 Net premiums received 29 Losses paid deducting salvage 30 Losses incurred 49982 01 25394 55 36745 55386 ComptrollerGenebAls Beport SECURITY INSURANCE COMPANY OF NEW HAVEN John W Ailing President Victor Roth Secretary Dan B Harris Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 1000000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 3954870 00 4 Extended at 3954870 00 IIIncome 5 Gross premiums 3476648 18 6 Deduct reinsurance premiums fire 664 07114 return premiums fire 69332517 1357396 31 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 18774 02 10 Gross interest on collateral loans 2753 92 11 Gross interest on bonds and dividends an stocks less 3509744 accrued interest on bonds acquired during 1913 138539 34 14 Premium notes 27534 bills receivable 33333 total 608 67 15 Phila Und Deposit 315 reinsurance bureau 3389 total 37 04 16 Gross rents from companys property in cluding 12jl6250 for companys occu pancy of its own buildings 13064 03 17 Total gross interest and rentsI 19 Borrowed money 20 Consciencemoney 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Bonds t 2119251 87 173777 02 90000 00 33 00 721 55 3815 62 28 Total income 2387599 06 mDisbursements 1 Gross amount paid policyholders foT losses including 22789423 occurring in pre vious years 1368426 54ComptrollerGenerals Report 387 2 Deduct amount received for salvage fire 1139697 reinsurance fire 23827468 Discount fire 99342 total 250665 07 10 11 12 13 14 15 16 17 18 19 20 21 22 23 25 26 34 38 39 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage less 19486613 reinsurance commissions Allowances to local agencies for miscellaneous agency expenses Salaries 5091791 and expenses 4671322 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Eents including 1216250 for companys occupancy of its own buildings Advertising 209932 printing and stationery 1602980 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 license Tax on capital stock City and county tax Other disbursements General expenses Borrowed money Interest on borrowed money 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 1117761 47 26787 58 445661 84 17140 39 97631 13 116807 92 15516 07 18129 12 14798 17 2811 86 3828 75 7352 77 22182 03 14273 78 14116 68 875 97 2219 24 38744 68 13108 66 710 60 5753 16 18769 47 4465 15 12542 72 90000 00 418 20 100000 00 674 29 1038 75 41 Total disbursements 2224120 45 IVLedger Assets 1 Book value of real estate 239218 25 2 Mortgage loans on real estate 411500 00388 CompteollebGenebals Kepoet 3 Loans secured by pledge of bonds stocks or other collateral 24750 00 4 Book value of bonds 224114593 and stocks 74028814 total 2981434 07 5 Cash in companys office 8754 5i6 6 Deposits in trust companies and banks not on interest 80651 96 8 Agents balances representing business written subsequent to Oct 1 1913 338772 84 9 Agents balances representing business written prior to Oct 1 1913 2271 97 11 Bills receivable taken for fire risks 27315 47 13 Gash deposited with Phila underwriter Association 100 00 14 Due from reinsurance companies on losses paid 3579 49 16 Total ledger assets 4118348 61 NonLedger Assets 17 Interest accrued on mortgages 4269 96 20 Interest accrued on bonds 37293 10 19 Interest accrued on collateral loans 312 13 24 Total 41875 19 25 Market value of real estate over book value 10931 75 30 Gross assets 4171155 55 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 2271 97 35 Bills receivable past due taken for ma rine inland and fire risks 2772 65 38 Book value of ledger assets over market value 61474 82 41 Total admitted assets 4104636 11 VLiabilities 1 Gross losses adjusted and unpaid 56170 65 2 Gross claims for losses in process of ad justment or in suspense plus 964150 reserve for losses incurred prior to DecComptrollerGenerals Beport 389 31 of which no notice had been receiv ed on that date 3 Gross claims for losses resisted 4 Total 5 Deduct reinsurance due or accrued 141150 97 33331 41 230653 03 52726 77 6 Net amount of unpaid losses and claims 177 926 26 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 389760650 unearned prem iums per recapitulation 2086790 93 10 Total unearned premiums as computed above 2 086 790 93 17 Salaries rents expenses bills accounts fees etc due or accrued 2 412 92 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 35 qqq q0 26 Total amount of all liabilities except capital 2 302 130 11 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 802506 00 29 Surplus as regards policyholders 1 802 506 00 30 Total liabilities 4 104 636 11 VIBisks and Premiums Fire Bisks Premiums Thereon 1 In force on the 31 day of December as per line 6 under this heading in last years statement 419653630 00 4469965 05 2 Written or renewed during the year 321421519 00 3476648 18 3 Excess of original premiums over amount received for reinsurance 10 116 47 4 Total 741075149 00 7956729 70 5 Deduct those expired and marked off as terminated 269933937 00 3128028 60 6 In force at the end of the year471141222 00 4828701 10 7 Deduct amount reinsured 86734317 00 931094 60 8 Net amount in force384406905 00 3897606 50390 ComptrollerGenerals Report Business in the State of Georgia During the Year 27 Gross risks written 5224158 00 Less 1156131 risks cancelled and 790676 reinsurance in companies authorized in Georgia 1952807 00 Net risks written 3271351 00 28 Gross premiums on risks written 65613 39 Less 1467677 return premiums and 1137617 prem iums for reinsurance in companies authorized in Ga 26052 94 Net premiums received 39560 45 29 Losses paid deducting salvage 33192 92 Less losses on risks reinsured in companies authorized in Georgia 4425 17 Net losses paid 28767 75 30 Losses incurred 21981 87 Less losses on risks reinsured in companies authorized in Georgia 28 42 Net losses incurred 21953 45 SOUTHERN MUTUAL FIRE INSURANCE COMPANY Home Office 220 College Avenue Athens Ga Billiups Phinizy President A E Griffith Secretary ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 1013250 37 IIIncome 5 Gross premiums 388493 05 6 Deduct return premiums 5345 91 7 Total premiums 383147 14 10 Gross interest on bonds and dividends on stocks less 33272 accrued interest on bonds acquired during 1913 36548 53 15 Gross rents from companys property in cluding 1500 for companys occupancy of its own buildings 29552 55 16 Total gross interest and rents 66101 08ComptbolleeGenebals Eepoet 391 28 Gross increase by adjustment in book value of ledger as sets viz Bonds Total 24 Expense account items 4 6 9 10 11 12 13 and 14 31 Dividends to polieyholders 36 Gross decrease by adjustment in book value of ledger as sets viz Bonds 601 35 29 Total income 449849 57 ITIDisbursements 1 Gross amount paid polieyholders for losses including 3 96743 occurring in previous years 5 Commissions or brokerage 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 a Federal corporation tax 2128 54 b On cash and office furniture 815 81 c Municipal 2528 04 83951 83 57471 26 20795 00 1145411 3678 59 378 48 200 00 5472 39 4206 17 229579 40 35 00 37 Total disbursements 417222 23 IVLedger Assets 1 Book value of real estate 265000 00 4 Book value of bonds 5735 and stocks 185000 total 758500 00 6 Deposit in trust companies and banks not on interest 15822 07 8 Agents balances representing business writ ten subsetruent to October 1 1913 6555 64 15 Total ledger assets 1045877 71 NonLedger Assets 17 Interest due on bonds and stocks 17628i 75 22 Rents due on companys property or lease 2300 00 23 Total 25 Market value not including interest in item 17 of bonds and stocks over book value 19928 75 108290 00 29 Gross assets 1174096 46392 CompteolleeGeneeals Eepobt Deduct Assets Not Admitted 39 Admitted assets 1174096 46 VLiabilities 6 Net amount of unpaid losses and claims 6014 58 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 191573 57 9 Dividends declared and unpaid to policy holders including all unpaid dividends on terminated policies whether re newed or not 154540 58 33 Total amount of all liabilities 352128 73 34 Surplus 821967 73 35 Total liabilities and surplus 1174096 46 VIEisks and Premiums 1 In force on the 31 day of December as per line 5 under this heading in last years statement 39152078 00 2 Written or renewed during the year 42081223 00 4 Total 81233301 00 5 Deduct those expired and marked off as terminated 40960822 00 6 In force at the end of the year 40272479 00 8 Net amount in force 40272479 00 Business in The State of Georgia During The Year 21 Gross risks written 42081223 00 Less risks cancelled 884914 00 Net risks written 41196309 00 22 Gross premiums on risks written 388493 05 Less return premiums 5345 91 Net premiums received 383147 14 23 Losses paid deducting salvage 396743 1912 losses 83951 83 24 Losses incurred 85998 98ComptrollerGenerals Eeport 393 THE SOUTHERN UNDERWRITERS STOCK FIRE INSURANCE COMPANY A W McAlester President ICapital Stock C A Mebane Secretary Amount of capital stock paid up in cash 200000 00 Amount of ledger assets as per balanee December 31 of previous years 367331 79 Extended at 367331 79 7 9 10 11 12 14 17 28 IIIncome Gross premiums 162028 88 Deduct reinsurance premiums fire 36 53606 return premiums 1673737 total 53273 43 Total premiums other than perpetual Gross interest on mortgage loans Gross interest on collateral loans Gross interest on bonds and dividends on stocks Gross interest on deposits in trust companies and banks Interest on bills received taken for fire risks Total gross interest and rents Total income IIIDisbursements Gross amount paid policyholders for losses including 300884 accurring in pre vious years Deduct amount received for Salvage fire 291823 reinsurance fire 2149897 total 3 22 11454 19 502 90 7595 00 2 72 7 15 108755 45 72847 39 24417 20 Net amount paid policyholders for losses Salaries fees and all other charges of officers directors trustees and home office employees All other licenses fees and taxes Federal corporation tax State and county tax City taxes 19561 96 128317 41 48130 19 535 00 633 33 528 00 1885 72394 ComptrollerGenerals Eeport 23 Other disbursements 24 Commission to general agents 43612 16 25 Account interest counted in 1912 statement 3409 55 26 Account interest advanced to mortgages 96 03 27 Commission paid for selling bonds 66 00 34 Paid stockholders for interest or dividends amount de clared during the year 12000 12000 00 40 Gross decrease by adjustment in book value of ledger as sets viz Stocks 1500 00 41 Total disbursements 112508 07 IVLedger Assets 2 Mortgage loans on real estate first liens 201025 00 3 Loans secured by pledge of bonds stocks or other collateral 7965 00 4 Book value of bonds 12516 and stocks 115785 128301 00 5 Cash in companys office 3510 00 6 Deposits in trust companies and banks not on interest 17843 54 7 Deposits in trust companies and banks on interest 624 28 8 Agents balances representing business writ ten subsequent to October 1 1913 22808 78 9 Agents balances representing business writ ten prior to October 1 1913 973 53 16 Total ledger assets 383051 13 NonLedger Assets 17 Interest due on mortgages 3392 00 20 Interest due on bonds 165 00 19 Interest due on collateral loans 125 73 24 Total 3682 73 30 Gross assets 386733 86 VLiabilities 6 Net amount of unpaid losses and claims 5304 50 10 Total unearned premiums 113230 55 16 Dividends declared and unpaid to stockholders 12000 00 26 Total amount of all liabilities except capital 130535 05CompteolleeGenebals Eepoet 395 27 Capital actually paid up in cash 200000 00 28 Surplus over all liabilities 56198 81 29 Surplus as regards polieyholders 256198 81 30 Total liabilities 386733 86 VIEisks and Premiums 1 In force on the 31 day of December as per line 6 under this heading in last years statement 15799170 245497 61 2 Written or renewed during the year 9916623 162028 88 4 Total 5 Deduct those expired and marked off as terminated 25715793 407526 49 9259724 6 In force at the end of the year 7 Deduct amount reinsured 8 Net amount in force 138727 44 16456069 268799 05 3370977 52465 46 13085092 216333 59 SPRINGFIELD FIRE AND MABINE INSURANCE COMPANY A W Damon President W J Mackay Secretary James L Dickey Jr Attorney for Service ICapital Stock 1 Capital 2500000 00 2 Amount of ledger assets as per balance December 31 of previous years 10319754 11 Increase in paidup capital July 1913 500000 IIIncome 3 Gross premiums 8536330 31 4 Deduct reinsurance premiums Are 1288 07321 return premiums 124825710 total 2536330 31 7 Total premiums other than perpetual 5743117 84 9 Gross interest on mortgage loans 82118 91 11 Gross interest on bonds and dividends on stocks less 126000 accrued interest on bonds acquired during 1913 333388 70396 ComptrollerGenerals Eeport 12 Gross interest on deposits in trust compa nies and banks y i 10 514 72 16 Gross rents from companys property in cluding 18000 for companys occupancy of its own buildings 18000 00 444022 33 10451 37 2280 05 2 45 18893 00 17 Total gross interest and rentsj 19 Eefund of taxes on Massachusetts bank stocks 25 Increase in liabilities during the year on account of reinsur ance treaties 26 From agents balances previously charged of 27 Gross profit on sale or maturity of ledger assets viz Stocks 29 Total income 6218767 04 IIIKsbursements 1 Gross amount paid polieyholders for losses including 43647211 occurring in pre vious years 3716917 06 2 Deduct amount received for Salvage fire 2383750 reinsurance fire 70012926 discount fire 9890 total 724065 66 3 Net amount paid polieyholders for losses 2993851 40 4 Expenses of adjustment and settlement of losses 48160 12 5 Commissions or brokerage 1100 274 46 6 Allowances to local agencies for miscellaneous agency ex penses 22702 62 7 Salaries 19482220 and expenses 13427614 of special and general agents 329098 43 8 Salaries fees and all other charges of officers directors trustees and home office employees 332 514 75 9 Rents including 18000 for companys occupancy of its own buildings 35386 76 10 Advertising 2421779 printing and stationery 5538771 79605 50 11 Postage telegrams telephone and express 28340 87 12 Legal expenses 8946 38 13 Furniture and fixtures 7 288 91 14 Maps including corrections 17 795 99 15 Underwriters boards and tariff associations 57 078 38 16 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 31 795 49 17 Inspections and surveys 39 070 49 18 Repairs and expenses other than taxes on real estate 5946 71 19 Taxes on real estate 4 795 30 20 State taxes on premiums 109 459 23 21 Insurance department licenses and fees 26 306 63ComptrollerGeneral s Report 397 22 All other licenses fees and taxes Federal corporation tax Massachusetts franchise tax County and municipal tax 23 Other disbursements 24 Interest paid Munich Eeinsurance Co per contract 25 Premium on bonds fire and liability policies 26 Mercantile reports directories and magazines 27 Light and heat 28 Laundry toilet etc 29 Auditing and exchange 30 Lunch system entertaining etc 31 Sundry items 32 Transferred from surplus to capital account by stock divi dend July 1913 34 Paid stockholders for interest or dividends amount de clared during the year 200000 38 Agents balances changed off 39 Gross loss on sale or maturity of ledger assets viz Bonds Stocks 40 Gross decrease by adjustment in book value of ledger as sets viz Stocks 3374 59 10451 37 18219 81 10228 47 766 16 2040 05 3633 43 1806 93 2252 61 1628 60 1721 58 500000 00 200000 00 2897 04 500 00 1496 75 1791300 41 Total disbursements 6047558 81 IVLedger Assets 1 Book value of real estate 300000 00 2 Mortgage loans on real estate first liens 1994970 00 4 Book value of bonds 86017344 and stocks 590118788 total 6761361 32 5 Cash in companys office 1210 61 6 Deposit in trust companies and banks not on interest 268589 52 7 Deposits in trust companies and banks on interest 556571 43 8 Agents balances representing business writ ten subsequent to October 1 1913 1091056 80 9 Agents balances representing business writ ten prior to October 1 1913 17202 66 16 Total ledger assets 10990962 34 NonLedger Assets 17 Interest accrued on mortgages 18 Interest accrued on bonds 46637 57 14374 95 24 Total 61012 52 30 Gross assets 11051974 86398 ComptrollerGenerals Report Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 11913 17202 66 38 Book value of ledger assets over market value 90869 32 40 Total 41 Total admitted assets 108071 98 10943902 88 VLiabilities 1 Gross losses adjusted and unpaid 2 Gross claims for losses in process of ad justment or in suspense plus 2735587 reserve for losses incurred prior to De cember 31 of which no notice had been received on that date 3 Gross claims for losses resisted 95440 59 472829 72 50892 49 4 Total 619162 80 5 Deduct reinsurance due or accrued 136 138 17 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 1007073122 unearned premiums per recapitulation 5286834 80 10 Total unearned premiums as computed above 15 Interest due or accrued to Munich Insurance Co 17 Salaries rents expenses bills accounts fees etc due or accrued 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 19 Contingent commissions or other charges due or accrued 20 Funds held under reinsurance treaties 483024 63 5286834 80 5167 25 15000 00 50000 00 13000 00 259502 34 26 Total amount of all liabilities except capital 27 Deposit capital actually paid up in cash 2500000 00 28 Surplus over all liabilities 2 331 373 86 6112529 02 29 Surplus as regards polieyholders 30 Total liabilities 4831373 86 10943902 88CompteolleeGeneeals Eepoet VIBisks and Premiums 399 1 In force on the 31st day of December as per line 6 under this heading in last years statement 964762334 1081122162 2 Written or renewed during the year 747307942 8279448 15 4 Total 1712070276 19090669 77 5 Deduct those expired and marked off as terminated 655025617 7500249 85 6 In force at the end of the year 1057044659 11590419 92 7 Deduct amount reinsured 140812980 1519688 70 Business in the State of Georgia During the Year 27 Gross risks written 7324301 00 Less 1747285 risks cancelled and 121438 reinsurance in companies authorized in Georgia 1868723 00 Net risks written 5455578 00 28 Gross premiums on risks written 116611 58 Less 2502469 return premiums and 180801 premiums for reinsurance in companies authorized in Georgia 26832 70 Net premiums received 89778 88 29 Losses paid deducting salvage 69103 38 Less losses on risks reinsured in companies authorized in Georgia 6049 65 Net losses paid 63053 73 SO Losses incurred 72846 85 Less losses on risks reinsured in companies authorized in Georgia 6049 65 Net losses incurred 66797 20400 ComptbollebGenerals Report STANDARD FIRE INSURANCE COMPANY M L Hewes President H B Anthony Secretary W A Wright Attorney for Service in Georgia ICapital Stock 1 Amount of capital stock paid up in cash 500000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 1201580 46 4 Extended at 1201580 46 IIIncome 5 Gross premiums 852409 13 6 Deduct reinsurance premiums fire 146 74399 return premiums fire 162 73028 total 309474 27 7 Total premiums other than perpetual 11 Gross interest on bonds and dividends on stocks less 129170 accrued interest on bonds acquired during 1913 42507 79 12 Gross interest on deposits in trust com panies and banks 974 65 542934 86 26 Gross profit on sale or maturity of ledger assets viz Bonds 494 12 28 Total income 586911 42 IIIDisbursements 1 Gross amount paid policyholders for losses including 2873889 occurring in pre vious years 294979 91 2 Deduct amount received for salvage fire 281009 reinsurance fire 6140769 total 64217 78 3 Net amount paid policyholders for losses 230 762 13 4 Expenses of adjustment and settlement of losses 6536 56 5 Commissions or brokerage less 3655975 reinsurance commissions 117 015 4 6 Allowances to local agencies for miscellaneous agency ex penses 3 340 12CompteollebGeneeals Bepoet 7 Salaries 2142885 and expenses 1879398 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Eents 10 Advertising 116638 printing and stationery 649548 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 12298 03 21 Insurance department licenses and fees 5 287 50 22 All other licenses fees and taxes Notaries fees 45 25 24 Capital stock tax g 500 00 25 Safe deposit box 50 0 26 Traveling expenses home office 1 660 70 34 Paid stockholders for interest cr dividends amount de clared during the year 40000 0O 41 Total disbursements 520 562 49 401 40222 83 24642 19 2583 80 7661 86 5185 45 604 47 1063 52 2860 20 4930 25 1736 7G 5569 38 IVLedger Assets 4 Book value of bonds 103924922 and stocks 9125400 total 1130503 22 5 Cash in companys office 944 51 7 Deposits in trust companies and banks on interest 48979 60 8 Agents balances representing business written subsequent to October 1 1913 87202 83 9 Agents balances representing business written prior to Oct 1 1913 299 23 16 Total ledger assets 1267929 39 NonLedger Assets 20 Interest accrued on bonds 13469 02 18 Interest on other assets Maps furniture and fixtures 10000 00 24 Total 1291398 41 30 Gross assets 1291398 41402 CompteolleeGeneeals Bepobt Deduct Assets Not Admitted 33 Furniture fixtures and safes 10000 00 34 Agents balances Representing business written prior to Oct 1 1913 29923 38 Book value of ledger assets over market value 59356 92 41 Total admitted assets 1221742 56 VLiabilities 2 Gross claims for losses in process of ad justment or in suspense plus 400000 reserve for losses incurred prior to Dee 31 of which no notice had been received on that date 45396 48 3 Gross claims for losses resisted 2550 00 4 Total 5 Deduct reinsurance due or accrued 47946 48 8635 34 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 78532586 unearned premiums per recapitulation 438883 95 10 Total unearned premiums as computed above 17 Salaries rents expenses bills accounts fees etc due or accrued 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 39311 14 438883 95 1643 88 10000 00 26 Total amount of all liabilities except capital 27 Capital actually paid up in cash 500000 00 28 Surplus over all liabilities 231903 59 29 Surplus as regards policyholders 489838 97 731903 59 30 Total liabilities 1221742 56 VIEisks and Premiums Fire Risks 1 In force on the 31 day of December as per line 6 under this heading in last years statement 79693021 00 2 Written or renewed during the year 87773493 00 Premiums Thereon 724452 82 852409 13ComptrollerGenerals Beport 403 4 Total167466514 00 1576861 95 5 Deduct those expired and marked off as terminated 59310567 00 592576 16 6 In force at the end of the year108155947 00 984285 79 7 Deduct amount reinsured 21125504 00 198959 9a 8 Net amount in force 87030443 00 785325 86 Business in the State of Georgia During the Year 27 Gross risks written 1430269 00 Less 14925000 risks cancelled and 17602300 reinsur ance in companies authorized in Georgia 325273 001 Net risks written 1104996 00 28 Gross premiums on risks written 13 804 92 Less 210813 return premiums and 197404 premiums for reinsurance in companies authorized in Georgia 4082 17 Net premiums received 9 722 75 29 Losses paid deducting salvage 452 48 Less losses on risks reinsured in companies authorized in Georgia 45 72 Net losses paid 406 76 30 Losses incurred 4 460 58 Less losses on risks reinsured in companies authorized in Georgia 543 31 Net losses incurred 3917 27 U S BRANCH SUN INSURANCE COMPANY OF LONDON ENGLAND J J Guile Manager J T Fitten Atlanta Attorney for Service ICapital Stock 1 Deposit capital pursuant to laws of Illinois deposited in New York 200000 00 2 Amount of ledger assets as per balance December 31 of previous years 4567522 08404 ComptrollerGenerals Report IIIncome 3 Gross premiums 4413891 84 4 Deduct reinsurance premiums fire 781 41319 return premiums 93560420 total 1717017 39 7 Total premiums other than perpetual 2766874 45 9 Gross interest on mortgage loans 739 59 11 Gross interest on bonds and dividends on stocks less 450052 accrued interest on bonds acquired during 1913 154361 28 12 Gross interest on deposits in trust companies and banks 5992 30 14 Reinsurance Bureau Bank Deposit 50 71 16 Gross rents from companys property in cluding 15800 for companys occupancy of its own buildings 16003 06 17 Total gross interest and rents 177146 94 19 Received from home office 172271 95 27 Gross profit on sale or maturity of ledger assets viz Bonds 1034 60 29 Total income 3117327 94 IIIDisbursements 1 Gross amount paid policy holders for losses including 31178533 occurring in pre vious years 2027029 46 2 Deduct amount received for Salvage fire fire 1503896 reinsurance fire 494 81534 discount fire 112080 total 510975 10 3 Net amount paid policyholders for losses 1516054 36 4 Expenses of adjustment and settlement of losses 41422 15 5 Commissions or brokerage 608475 67 6 Allowances to local agencies for miscellaneous agency ex penses 2794 45 7 Salaries 4010643 and expenses 3648714 of special and general agents 76593 57 8 Salaries fees and all other charges of officers directors trustees and home office employees 165745 05 9 Rents including 15800 for companys occupancy of its own buildings 23S17 29 10 Advertising 905671 printing and stationery 3227058 41327 9 11 Postage telegrams telephone and express 18277 59 12 Legal expenses 1401 15 13 Furniture and fixtures 1669 88ComptrollerGenerals Report 405 14 Maps including corrections 9688 3 15 Underwriters boards and tariff associations 42941 94 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 27158 76 17 Inspections and surveys 23492 59 18 Repairs and expenses other than taxes on real estate 3752 53 19 Taxes on rear estate 3359 84 20 State taxes on premiums 57906 58 21 Insurance department licenses and fees 15395 78 22 All other licenses fees and taxes Federal corporation tax 1497 54 Municipal miscellaneous licenses and fees 13282 20 24 Miscellaneous expenses 1844 40 38 Agents balances charged off 80 58 38 Eemitted to home office 74100 92 39 Gross loss on sale or maturity of ledger assets viz Bonds 18 75 41 Total disbursements 2771899 34 TVLedger Assets 1 Book value of real estate 171925 04 4 Book value of bonds 346284593 and stocks 31980051 3782646 44 5 Cash in companys office 700 00 7 Deposits in trust companies and banks on interest 437469 22 8 Agents balances representing business writ ten subsequent to October 1 1913 503826 33 9 Agents balances representing business writ ten prior to Oct 1 1913 12441 70 13 Reinsurance recoverable on paid losses 3941 95 16 Total ledger assets 4912950 68 NonLedger Assets 18 Interest accrued on bonds 48837 73 25 Market value of real estate over book value 38074 96 30 Gross assets 4999863 37 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 12441 70 39 Bonds and stocks 121273 26 40 Total 133714 96 41 Total admitted assets 4866148 41406 ComptrollerGenerals Keport VLiabilities 1 Gross losses adjusted and unpaid due 58 353 not yet due 30014 88367 00 2 Gross claims for losses in process of ad justment or in suspense plus 5412 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 242787 00 3 Gross claims for losses resisted 24531 00 4 Total 355685 00 5 Deduct reinsurance due or accrued 74091 00 6 Net amount of unpaid losses and claims 281594 00 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 577373676 unearned premium per recapitulation 3000794 55 10 Total unearned premiums as computed above 3000794 55 17 Salaries Tents expenses bills accounts fees etc due or accrued 4362 76 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 64086 87 19 Contingent commissions or other charges due or accrued 20000 00 26 Total amount of all liabilities except capital 3370838 18 27 Deposit capital 200000 00 29 Surplus as regards policyholders 1295310 23 30 Total liabilities 4866148 41 VTRisks and Premiums Fire Risks Premiums Thereon 1 In force on the 31st day of December as per line 6 under this heading in last years statement 597772748 6287158 88 2 Written or renewed during the year 415382347 4483891 84 3 Excess of original premiums over amount received for reinsurance 418 32 4 Total 1013155095 10771469 04 5 Deduct those expired and marked off as terminated 371031919 4118159 52ComptrollerGeneral s Report 407 6 In force at the end of the year 642123176 6653309 52 7 Deduct amount reinsured 82595076 879572 76 8 Net amount in force 559528100 5773736 76 Business in The State of Georgia During the Year 27 Gross risks written 5003669 00 Less 1263930 risks cancelled and 1329866 reinsurance in companies authorized in Georgia 2593796 00 Net risks written 2409873 00 28 Gross premiums on risks written 78138 85 Less 1008106 return premiums and 10142 76 premiums for reinsurance in companies authorized in Georgia 20223 82 Net premiums received 57915 03 29 Losses paid deducting salvage 55755 11 Less losses on risks reinsured in companies authorized in Georgia 7438 61 Net losses paid 48316 50 30 Losses incurred 53954 11 Less losses on risks reinsured in companies authorized in Georgia 8632 61 Net losses incurred 45321 50 SVEA FIEE AND LIFE TNS CO LTD OF GOTHENBURG SWEDEN M L Duncan IT S Manager ICapital Stock 1 Deposit capital pursuant to laws of Illinois deposited in New York 200000 00 2 Amount of ledger assets as per balance December 31 of previous years 1435503 84 IIIncome 3 Gross premiums 1204638 96 4 Deduct reinsurance premiums fire 129 03928 return premiums 24780257 376841 85 7 Total premiums other than perpetual 827797 11408 CompteolleeGtenebals Eepoet 11 Gross interest on bonds and dividends on stocks less 99923 accrued interest on bonds acquired during 1913 45388 27 12 Gross interest on deposits in trust com panies and banks 2 713 60 14 Interest on bills receivable 136 13 15 Interest on deposits reinsurance bureau 60 42 17 Total gross interest and rents 19 Eemittance from home office 29 Total income 48298 42 25000 00 901095 53 IIIDisbursements 1 Gross amount paid policyholders for losses including 6994040 occurring in pre vious years 460931 65 2 Deduct amount received for salvage fire 147092 reinsurance fire 7645691 discount fire 25048 total 78178 31 9 10 11 12 13 14 15 16 17 20 21 22 Net amount paid policyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Allowances to local agencies for miscellaneous agency ex penses Salaries 1151277 and expenses 1413901 of special and general agents Salaries fees and all other charges of officers directors trustees and home office employees Rents Advertising 102630 printing and stationery 653458 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 assessments 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 Municipal licenses Local taxes Bank exchange 391753 34 10966 76 224052 67 1277 83 25651 78 29813 20 4440 00 7560 88 2350 40 629 57 397 89 2275 91 9177 67 6770 38 2953 06 10872 00 5266 01 142 OS 716 03 536 00 350 87ComptrollerGenerals Beport 409 25 Home office expenses 26 Insurance publications 27 Office supplies 28 Mercantile reports 29 Miscellaneous expense reinsurance Bureau 41 Total disbursements 3282 16 183 58 148 91 710 00 229 46 742509 34 IVLedger Assets 4 5 6 7 8 9 11 12 Book value of bonds 1258604 74 Cash in companys office 9 15 Deposits in trust companies and banks not on interest 27552 43 Deposits in trust companies and banks on interest 151328 84 Agents balances representing business written subsequent to Oct 11913 135655 28 Agents balances representing business written prior to Oct 1 1913 2253 43 Bills receivable taken for fire risks 17575 52 Other ledger assets viz Bills receivable taken from agents balances 1211 64 16 Total ledger assets 1594090 03 NonLedger Assets 18 Total 15537 03 04 15537 03 an 1609627 06 34 35 36 Deduct Assets Not Admitted Agents balances representing business written prior to Oct 1 1913 2253 43 Bills receivable past due taken for ma rine inland and fire risks 3007 45 Bills receivable taken for agents balances now 3 mos due 1211 64 84404 74 39 Bonds 40 Total 90877 26 41 Total admitted assets410 CompteollekGenerals Eeport VLiabilities 1 Gross losses adjusted and unpaid due 1578505 not yet due 317075 2 Gross claims for losses in process of ad justment or in suspense plus 545230 reserve for losses incurred prior to Dec 31 of which no notice had been receiv ed on that date 3 Gross claims for losses resisted 18955 80 52453 76 9641 72 4 Total 5 Deduct reinsurance due or accrued 81051 28 12727 68 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 143773561 unearned prem iums per recapitulation 760175 46 10 Total unearned premiums as computed above 17 Salaries rents expenses bills accounts fees etc due or accrued 18 Estimated amount hereafter payable for federal state and other taxes based upon the businessof the year of this statement 19 Contingent commissions or otheT charges due or accrued 68323 60 760175 46 1029 24 14447 35 3500 00 26 Total amount of all liabilities except capital 847 475 65 27 Deposit capital 200000 00 28 Surplus over all liabilities 471 274 15 29 Surplus as regards polieyholders 671274 15 30 Total liabilities 1518749 80 VIRisks and Premiums Fire Kisks Premiums Thereon 1 In force December 31 1912120447957 00 1437252 63 2 Written or renewed in 1913 103394224 00 1204638 96 4 Totals 223842181 00 2641891 59 5 Deduct expirations and cancellations 88117506 00 1031412 90 6 In force December 31 191313572467500 1610478 69 7 Deduct amount reinsured 15944257 00 172743 08 8 Net amount in force 119780418 00 1437735 61ComptrollerGeneral s Report Business in the State of Georgia During the Year 411 27 Gross risks written 2124010 00 Less 590077000 risks cancelled and 29620100 rein surance in companies authorized in Georgia 886271 00 Net risks written 1237769 00 28 Gross premiums on risks written 25858 52 Less 523531 return premiums and 358375 premiums for reinsurance in companies authorized in Georgia 8819 06 Net premiums received 17039 46 29 Losses paid deducting salvage 11257 23 Less losses on risks reinsured in companies authorized in Georgia 2144 99 Net losses paid 9112 24 39 Losses incurred 15121 80 Less losses on risks reinsured in companies authorized in Georgia 3873 45 Net losses incurred 11248 35 UNION FIRE INSURANCE COMPANY OF PARIS FRANCE Starkweather Shepley Inc United States Managers D I Maclntyre Attorney for Service ICapital Stock 1 Deposit capital pursuant to laws of Illinois deposited in New York 210000 00 2 Amount of ledger assets as per balance December 31 of previous years 884077 17 IIIncome 3 Gross premiums 187976 30 4 Deduct reinsurance premiums fire 142 86361 return premiums 15435047 totalliuitiiiti 297214 08 7 Total premiums other than perpetual 11 Gross interest on bonds and dividends on stock less 2875 accrued interest on bonds acquired during 1913 27769 45 390762 22412 ComptrollerGenerals Report 12 Gross interest on deposits in trust companies and banks 14 Cash deposited with Philadelphia Under writers Association 3548 01 31 15 17 Total gross interest and rents 31320 61 29 Total income 422082 83 IIIDisbursements 1 Gross amount paid policy holders for losses including 2581571 occurring in pre vious years 252975 01 2 Deduct amount received for Salvage fire 845086 reinsurance fire 5529083 discount fire 15915 total 63900 84 3 Net amount paid policyholders for losses 4 Expense 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 35771 printing and stationery 600 12 Legal expenses 15 Underwriters boards and tariff associations 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 17 Inspections and surveys 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses feesand taxes City taxes and licenses 24 Surety Bonds 25 Commission on investments purchased 26 Remittance to home office 180074 17 2878 77 126550 6S 300 00 363 71 96 91 3336 92 2767 S5 795 91 7868 88 3003 31 229420 146 62 25 00 2163 38 41 Total disbursements 341666 31 TVLedger Assets 4 Book value of bonds 698330 7 Deposits in trust companies and banks on interest 8 Agents balances representing business writ ten subsequent to October 1 1913 13 Philadelphia Underwriters Assn deposit 698330 00 163903 38 102160 31 100 00 16 Total ledger assets 964493 CComptrollerGenerals Eeport 413 NonLedger Assets 18 Interest accrued on bonds 8834 96 30 Gross assets 973328 65 Deduct Assets Not Admitted 38 Book value of ledger assets over market value 22006 00 41 Total admitted assets 951322 65 VLiabilities 1 Gross losses adjusted and unpaid 6716 13 2 Gross claims for losses in process of ad justment or insuspense plus 41691 re serve for losses incurred prior to Decem ber 31 of which no notice had been re received on that date 41616 18 3 Gross claims for losses resisted 5833 33 4 Total 54165 64 5 Deduct reinsurance due or accrued 13900 75 6 Net amount of unpaid losses and claims 40264 89 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 55657852 unearned pre miums per recapitulation 304689 20 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 7500 00 19 Contingent commissions or other charges due or accrued 33712 9X 26 Total amount of all liabilities except capital 386166 99 28 Surplus over all liabilities 565155 06 30 Total liabilities 951322 65 Business in The State of Georgia During The Year 27 Gross risks written 361057 00 Less 41047 risks cancelled and 40084 reinsurance in companies authorized in Georgia 81131 00 Net risks written 279926 00 28 Gross premiums on risks written 3848 39 Less 39073 return premiums and 53168 premiums for reinsurance in companies authorized in Georgia 922 41 Net premiums received 2925 98414 ComptrolleeGeneeal s Repoet 29 Losses paid deducting salvage 863 10 Less losses on risks reinsured in companies authorized in Georgia i 18 98 Net losses paid 844 12 30 Losses incurred 911 79 Less losses on risks reinsured in companies authorized in Georgia 18 98 Net losses incurred 1 w 892 81 UNITED FIREMEN FIRE INSURANCE COMPANY Robert B Beath President Henry T Allen Secretary Robert N Hughes Atlanta Ga Attorney for Service ICapital Stock 1 Amount of capital stock paid up in cash 400000 00 2 Amount of ledger assets as per balance December 31 of previous years 1829652 62 4 Extended at 1829652 62 IIIncome 5 Gross premiums 595871 27 6 Deduct reinsurance premiums fire 109 49881 return premiums fire 127 06607 total 236564 88 7 Total premiums other than perpetual 8 Deposit premiums written on perpetual risks gross 9 Gross interest on mortgage loans 9171 52 10 Gross interest on collateral loans 1552 23 11 Gross interest on bonds and dividends on stocks less 54236 accrued interest on bonds acquired during 1913 64062 41 12 Gross interest on deposits in trust compa nies and banks 792 38 16 Gross rents from eompany s property 3801 68 17 Total gross interest and rents 18 From other sources 19 Approving transfers on perpetual policies 864 00 359306 39 7794 03 79380 22ComptbOllebGenebals EepObt 415 20 Profit and loss additional interest on mort gage paid off in 1912 20 90 21 Perpetual policies cancelled by loss250 00 22 Totalv 1134 90 26 Gross profit on sale or maturity of ledger assets viz Bonds 620 O0 28 Total income 448235 54 IIIDisbursements Gross amount paid policyholders for losses including 4520640 occurring in pre vious years 292388 92 Deduct amount received for Salvage fire 100485 reinsurance fire 1250888 total 63510 73 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 ex penses 7 Salaries 246453 and expenses 215256 of special and general agents 8 Salaries fees and all other charges ofi officers directors trustees and home office employees 9 Bents 10 Advertising 130955 printing andstationery 332209 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 departmentjfire patrol and salvage corps assessments fees taxes and expenses 17 Inspections and surveys 18 Bepairs and expenses other than taxes on real estate 19 Taxes onreal estate 20 State taxes on premiums 21 Insurance department licenses and fees 22 All other licenses fees and taxes Federal corporation tax 245 57 CapitaHtax X 1374 92 228878 19 5233 98 104507 31 577 06 4617 09 27559 45 3743 96 4631 34 2227 37 904 28 234 99 1458 71 7413 78 1329 05 109 98 4437 72 1430 00 5181 13 3302 01 Total 1620 49 416 ComptrollerGeneral s Report 23 Other disbursements 24 General expenses 25 Traveling 1967 42 354 12 26 Total 33 Deposit premiums returned 34 Paid stockholders for interest or dividends amount de clared during the year 32000 39 Gross loss on sale or maturity Of ledger assets viz Bonds 97741 80 164650 00 1000 00 IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate and ground rents first liens 3 Loans secured by pledge of bonds stocks or other collateral 4 Book value of bonds 1314266 and stocks 122421 1436687 00 5 Cash in companys office 7 945 15 7 Deposits in trust companies and banks on interest 40989 33 8 Agents balances representing business writ ten subsequent to October 1 1913 51124 75 9 Agents balances representing business writ ten prior to October 1 1913 594 87 2321 54 30939 53 32000 00 2490 00 41 Total disbursements 477 155 26 16 Total ledger assets 1 800 732 90 NonLedger Assets 17 Interest due 8750 and accrued 214306 on mortgages and ground rents 20 Interest accrued on bonds 2230 56 20461 21 24 Total 30 Gross assets 22691 77 Deduct Assets Not Admitted 1823424 67 34 Agents balances representing business writ ten prior to October 1 1913 38 Book value of ledger assets over market value viz 594 87ComptrollerGenerals Report 417 39 Bonds and stocks 40 Eeal estate 75247 00 14841 80 Total 41 Total admitted assets 90683 67 1732741 00 VLiabilities 1 Gross losses adjusted and unpaid 2 Gross claims for losses in process of ad justment or in suspense plus 389788 reserve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 3 Gross claims for losses resisted 5701 39 24139 89 6223 00 4 Total 5 Deduct reinsurance due or accrued 36064 28 8000 59 6 Net amount of unpaid losses and claims 7 Gross premiums1 less reinsurance received and receivable upon all unexpired fire risks 63951960 unearned pre miums per recapitulation t 11 Amount reclaimable by the insured on perpetual fire in surance policies being 90 and 95 per cent of the pre mium or deposit received 17 Salaries rents expenses bills accounts fees etc due or accrued 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 28063 69 338754 21 817649 58 291 05 6000 00 26 Total amount of all liabilities except capital 1190758 53 27 Capital actually paid up in cash 400000 00 28 Surplus over all liabilities 141982 47 29 Surplus as regards policyholders 541982 47 30 Total liabilities 1732741 00 VIRisks and Premiums 1 In force on the 31st day of December as per line 5 under this heading in last statement 66951063 72393 45418 ComptbolleeGeneeals Bepokt 47638014 2 Written or renewed during the year 3 Excess of original premiums over amount received for reinsurance 4 Total 114589077 5 Deduct those expired and marked off as terminated 42621521 6 In force at the end of the year 7 Deduct amount reinsured 71967556 8672989 595871 27 313 28 1268578 00 501340 54 767237 46 127717 86 8 Net amount in force 63294567 639519 60 Business in the State of Georgia During the Tear 27 Gross risks written 1297672 00 Less 287975 risks cancelled and 235367 reinsurance in companies authorized in Georgia 523342 00 Net risks written 774330 00 28 Gross premiums on risks written 22246 35 Less 490846 return premiums and 341980 premiums for reinsurance in companies authorized in Georgia 8328 26 Net premiums receivedj 29 Losses paid deducting salvage Less losses on risks reinsured in companies authorized in Georgia Net losses paid 30 Losses incurred Less losses on risks reinsured in companies authorized in Georgia 13918 09 1944 78 140 15 1804 63 2835 85 140 15 Net losses incurred 2695 70 UNITED STATES FIRE INSURANCE COMPANY harles A Norris President Otto B Candidus Secretary Aaron Haas Son Harwell Attorney for Service ICapital Stock 1 Amount of capital stock paid up in cash 400000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 1157016 35 4 Extended at 1157016 35ComptrollerGenerals Report IIIncome 419 5 Gross premiums 1404004 87 6 Deduct reinsurance premiums fire 341 89972 return premiums fire 28198994 623869 67 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 2410 00 10 Gross interest on collateral loans 354 17 11 Gross interest on bonds and dividends on stocks less 88175 accrued interest on bonds acquired during 1913 39352 47 Gross interest on deposits in trust com panies and banks 1506 72 12 780135 20 25 From agents balances previously charged off 26 Gross profit on sale or maturity of ledger assets viz Bonds 28 Total income 1400 00 464 77 825623 33 IIIDisbursements 1 Gross amount paid policyholders for losses 430079 80 2 Deduct amount received for salvage fire 358223 reinsurance fire 9682636 100408 59 9 10 11 12 15 16 17 20 1 22 23 25 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 80792 printing and stationery 345076 Postage telegrams telephone and express Legal 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 Other disbursements Sundry expenses Premiums surety bonds 329671 21 9574 Hi 277455 70 14657 88 2700 00 4258 68 3486 82 1560 33 5322 OS 2750 94 1185 86 10547 88 3507 48 2443 39 250 41 237 00 420 ComptrollerGenerals Eeport ii4 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 Stocks 10552 19 4l Total disbursements 708105 10 IVLedger Assets 2 Mortgage loans on real estate 51000 00 3 Loans secured by pledge of bonds stocks or other collateral 10000 00 4 Book value of bonds 47828511 and stocks 51554581 993830 96 5 Cash in companys office 184 65 6 Deposits in trust companies and banks not on interest 10 00 7 Deposits in trust companies and banks on interest 119953 01 8 Agents balances representing business written subsequent to Oct 1 1913 99555 96 16 Total ledger assets 1274534 58 NonLedger Assets 17 Interest accrued on mortgages 777 92 20 Interest accrued on bonds 3382 88 SO Gross assets 1278695 38 Deduct Assets Not Admitted 38 Book value of ledger assets over market value 82431 96 41 Total admitted assets 1196 263 42 VLiabilities 1 Gross losses adjusted and unpaid 2143050 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 85722 09 3 Gross claims for losses resisted 2 500 00 4 Total 109652 59 5 Deduct reinsurance due or accrued 49002 82ComptrollebGenebals Report 421 6 Net amount of unpaid losses and claims 60649 77 7 Gross premiums less reinsurance receiv ed and receivable upon all unexpired fire risks 522815 49 17 Salaries rents erpenses bills accounts fees etc due or accrued 1000 00 18 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 all liabilities except capital 594465 26 27 Capital actually paid up in cash 400000 00 28 Surplus over all liabilities 201798 16 29 Surplus as regards polieyholders 601798 16 30 Total liabilities 1196263 42 Business in the State of Georgia During the Year 27 Gross risks written 1961755 00 Less 89110800 Tisks cancelled and 15394000 reinsur ance in companies authorized in Georgia 1045048 00 Net risks written 916707 00 8 Gross premiums on risks written 24409 79 Less 667664 return premiums and 284749 premiums for reinsurance in companies authorized in Georgia 9524 13 Net premiums received 14885 66 29 Losses paid deducting salvage 14007 76 Less losses on risks reinsured in companies authorized in Georgia 1133 07 Net losses paid 12874 69 30 Losses incurred 14626 24 WESTCHESTER FIRE INSURANCE COMPANY George R Crawford President Otto E Schaefer Secretary Edgar Dunlap Attorney for Service in Georgia 1 Amount of capital stock paid up in cash ICapital Stock f 300000 00422 ComptrolleeGenebals Report 2 Amount of ledger assets as per balance Dee 31 of previous years 5551652 10 4 Extended at 5551652 10 IIIncome 5 Gross premiums 5320486 39 6 Deduct reinsurance premiums fire 1128 828 22 return premiums fire 96014729 2088975 51 7 Total premiums other than perpetual 9 Gross interest on mortgage loans 11 Gross interest on bonds and dividends on stocks less 76764 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust com panies and banks 16 Gross rents from companys property 3231510 8345 73 207302 36 3398 44 108 00 17 Total gToss interest and rents 19 Refund character unknown 20 Sale of Eights on stocks 25 From agents balances previously charged off 28 Total income 219154 53 48 25 5843 72 164 94 3456722 32 IIIDisbursements 1 Gross amount paid policyholders for losses including 35727733 occurring in pre vious years 2520943 93 2 Deduct amount received for salvage fire 1604976 reinsurance fire 62399239 640042 15 3 Net amount paid policyholders for losses 4 Expenses of adjustment and settlement of losses 5 Commissions or brokerage 7 Salaries 13630744 and expenses 12932605 of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 9 Rents 10 Advertising 578703 printing and stationery 38 26521 total 11 Postage telegrams telephone and express 12 Legal expenses 13 Furniture and fixtures 1880901 78 38648 46 625208 90 265633 49 115787 55 25044 43 44052 24 25244 70 1069 96 3588 34ComptrollerGenerals Report 423 14 Maps including corrections 17786 90 15 Underwriters boards and tariff associations 37337 83 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 14611 37 17 Inspections and surveys 20776 92 18 Eepairs and expenses other than taxes on real estate 1 92 19 Taxes on real estate 108 36 20 State taxes on premiums 62982 88 21 Insurance department licenses and fees 17341 25 22 All other licenses fees and taxes Federal corporation tax 1187 00 Municipal taxes and licenses 13769 39 24 Collection and exchange 2152 92 34 Paid stockholders for interest or dividends amount de clared during the year 120000 00 37 Decrease in liabilities during the year on account of re insurance treaties 24988 33 38 Agents balances charged off 4626 02 40 Gross decrease by adjustment in book value of ledger assets viz Stocks 5843 72 41 Total disbursements 3368694 66 IVLedger Assets 1 Book value of real estate 5876 00 2 Mortgage loans on real estate 128110 00 4 Book value of bonds 97706611 and stocks 376222239 4739288 50 6 Deposits in trust companies and banks not on interest 3159 85 7 Deposits in trust companies and banks on interest 293972 92 8 Agents balances representing business written subsequent to October 1 1913 451561 66 9 Agents balances representing business written prior to Oct 1 1913 17710 83 16 Total ledger assets 5639679 76 NonLedger Assets 17 Interest due 41700 and accrued 63639 on mortgages 1053 39 20 Interest accrued on bonds 10132 49 24 Total 11185 88 30 Gross assets 5650865 64424 ComptrollerGenerals Beport Deduct Assets Sot Admitted 34 Agent5 balances representing business written prior to Oct 1 1913 17710 83 28 Book value of ledger assets over market value 414501 00 40 Total 432211 83 41 Total admitted assets 5218653 81 VLiabilities 1 Gross losses adjusted and unpaid 2 Gross claims for losses in process of ad justment or in suspense plus 2033261 reserve for losses incurred prior to Dec 31 of which no notice had been received on that date 3 Gross claims for losses resisted 114253 00 286871 98 23355 43 4 Total 5 Deduct reinsurance due or accrued 424480 41 134929 55 6 Net amount of unpaid losses and claims 289550 86 7 Gross premiums less reinsurance received and receivable upon all vmexpired fire risks 633496000 unearned premiums per recapitulation 3275331 22 10 Total unearned premiums as computed above 18 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 Reserve for all contingencies 3275331 22 65000 00 10000 00 26 Total amount of all liabilities except capital 3639882 08 27 Capital actually paid up in cash 300000 00 28 Surplus over all liabilities 1 278 771 73 29 Surplus as regards policyholders 1 578 771 73 30 Total liabilities 5218653 81ComptrollerGenerals Eeport 425 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 705926582 7093995 36 2 Written or renewed during the year 510826970 5320486 39 4 Total 1216753552 12414481 75 5 Deduct those expired and marked off as terminated 429857391 4663962 28 6 In force at the end of the year 786896161 7750519 47 7 Deduct amount reinsured 138802945 1415559 47 8 Net amount in force 6480932X6 6334960 00 Business in the State of Georgia During the Year 27 Gross risks written 4593194 00 Less 88032400 risks cancelled and 77088200 reinsur ance in companies authorized in Georgia 1651206 00 Net risks written 2941988 00 28 Gross premiums on risks written 52969 03 Less 776339 return premiums and 889755 premiums for reinsurance in companies authorized in Georgia 16660 94 Net premiums received 36308 09 29 Losses paid deducting salvage 29 734 69 Less losses on risks reinsured in companies authorized in Georgia 5846 59 Net losses paid 23888 10 30 Losses incurred 36308 24 Less losses on risks reinsured in companies authorized in Georgia 8759 31 Net losses incurred 27548 93 426 ComptrollerGenerals Report WESTERN ASSURANCE COMPANY OF TORONTO W B Meikle General Manager C C Foster Secretary C H Godfrey Atlanta Ga Attorney for Service ICapital Stock 1 Deposit capital pursuant to laws of New York 212000 00 2 Amount of ledger assets as per balance December 31 of previous years 2472304 60 IIIncome Fire Marine Inland 3 Gross premiums 2296510 19 428810 42 4 Deduct reinsurance pre miums fire 59600227 marine and inland 121 99109 return premiums fire 40266377 marine and inland 2190594 totals 998666 04 143897 03 7 Total premiums other than perpetual 1297844 15 284913 39 1582757 54 11 Gross interest on bonds and dividends on stocks less 7375 accrued interest on bonds acquired during 1913 86990 85 12 Gross interest on deposits in trust companies and banks 6746 58 14 Unlisted assets 217 90 17 Total gross interest and rents 93955 33 24 Remittance from home office 218571 43 27 Gross profit on sale or maturity of ledger assets viz Bonds 90 00 29 Total income 1895374 30 IIIDisbursements 1 Gross amount paid policy holders for losses includ ing 12933374 occurring in previous years1016542 67 376434 50 2 Deduct amount received for Salvage fire 550820 marine and inland 40ComptrollerGenerals Report 427 18450 reinsurance fire 31925227 marine and inland 11674872 dis count fire 16033 total 324920 156932 22 3 Net amount paid policyhold ers for losses 69162187 21950128 911123 15 4 Expenses of adjustment and settlement of losses 13359 54 5 Commissions or brokerage 359361 33 7 Salaries 2530877 and expenses 4537134 of special and general agents 70680 11 8 Salaries fees and all other charges of officers directors trustees and home office employees 77514 42 9 Rents 7364 05 10 Advertising 693531 printing and stationery 1408966 21024 97 11 Postage telegrams telephone and express 8860 78 12 Legal expenses 1466 03 13 Furniture and fixtures 1458 05 14 Maps including corrections 5765 21 15 Underwriters boards and tariff associations 19463 67 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 4535 49 17 Inspections and surveys 4712 02 20 State taxes on premiums 27494 05 21 Insurance department licenses and fees 10996 38 22 All other licenses fees and taxes Federal corporation tax 2504 52 Municipal 9702 08 Total 23 Other disbursements Exchange 38 Agents balances charged off 38 Remitted to home office 39 Gross loss on sale or maturity of ledger assets viz Bonds 12206 60 1806 89 1902 67 158555 13 2715 05 41 Total disbursements 1722365 59 TVLedger Assets 4 Book value of bonds 156151625 and stocks 36836760 1829883 85 7 Deposits in trust companies and banks on interest 451898 58 8 Agents balances representing business writ ten subsequent to October 1 1913 246773 56 9 Agents balances representing business writ ten prior to October 1 1913 13273 99428 ComptrollerGenerals Beport 10 Bills receivable taken for marine and inland risks 696 86 12 Other ledger assets viz Supplies 2806 47 16 Total ledger assets 2645313 31 NonLedger Assets 18 Interest accrued on bonds 20396 67 28 Reinsurance due on losses paid 14867 37 30 Gross assets 2680577 35 Deduct Assets Not Admitted 32 Supplies printed matter and stationery 2806 47 34 Agents balances representing business writ ten prior to October 1 1913 13273 99 35 Bills receivable past due taken for marine inland and fire risks 80 00 38 Book value of ledger assets over market value 86251 46 39 Total 102411 92 41 Total admitted assets 2578165 43 VLiabilities 2 Gross claims for losses in process of adjust ment or in suspense plus 2849060 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 204959 89 3 Gross claims for losses resisted 13557 00 4 Total 218516 89 5 Deduct reinsurance due or accrued 50950 00 6 Net amount of unpaid losses and claims 167566 89 7 Gross premiums less reinsurance received and receivable upon all unexired fire risks 249921118 unearned premiums per re capitulation 1255682 33 8 Gross premiums less reinsurance eash and bills received and receivable upon all unexpired inland navigation risks 10001975 unearned premiums fifty per cent 50009 87 Ocean cargo 100 per cent 12567 75ComptrollerGenerals Report 429 Gross premiums less reinsurance cash and bills received and receivable upon all un expired time hulls marine risks 19 24524 unearned premiums 50 per cent 9622 62 10 Total unearned premiums as computed above 17 Salaries rents expenses bills accounts fees etc due or ac crued 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 19 Contingent commissions or other charges due or accrued 1327882 57 1200 00 23741 36 3285 94 26 Total amount of all liabilities except capital 27 Deposit capital actually paid up in cash 212000 00 28 Surplus over all liabilities 841888 67 1524276 76 29 Surplus as regards policyholders 30 Total liabilities Business in Georgia During The Year 2578165 43 Fire Marine 27 Gross risks written 3305208 00 658137 00 Less 885752 risks cancelled and 516373 reinsurance in companies authorized in Georgia 1237734 00 164391 00 Net risks written 2067474 00 28 Gross premiums on risks written 48460 26 Less 1110696 return premiums and 597287 premiums for reinsurance in Georgia 15746 65 Net premiums received 32713 61 29 Losses paid deducting salvage 18116 66 Less losses or risks reinsured in companies authorized in Georgia 2268 03 Net losses paid 15848 63 30 Losses incurred 18834 92 Less losses or risks reinsured in companies authorized in Georgia 2597 44 Net losses incurred 16237 48 493746 00 3825 14 1333 18 2491 96 3500 00 2250 00 1250 00430 ComptbolleeGenebals Repobt WILLIAMSBUEG CITY FIEE INSURANCE COMPANY Geo E Branson President David J Burtis Secretary ICapital Stock 1 Amount of capital stock paid up in cash 1000000 00 2 Amount of ledger assets as per balance Dec 31 of previous years 5192299 12 4 Extended at 5192299 12 IIIncome 5 Gross premiums 4229506 20 6 Deduct reinsurance premiums fire 895 38559 return premiums fire 75357527 1648960 86 7 Total premiums other than perpetual 2580545 34 9 Gross interest on mortgage loans 27127 42 10 Gross interest on collateral loans 250 00 11 Gross interest on bonds and dividends on stocks 171081 29 12 Gross interest on deposits in trust com panies and banks 4598 77 13 Grossinterest from all other sources 408 37 16 Gross rents from companys property in cluding 15000 for companys occu pancy of its own buildings 37n9 48 17 Total gross interest and rents j 18 From other sources Sale of maps 26 Gross profit on sale or maturity of ledger assets viz Bonds 170911 stocks 4116629 total 207175 33 1154 66 42875 40 28 Total income 2831750 73 IIIDisbursements 1 Gross amount paid policyholders for losses including 25188607 occurring in pre vious years 1927034 46 2 Deduct amount received for salvage fire 1446818 reinsurance fire 36272259 discount fire 107621 total 378266 98 CompteollebGenebal s Bepobt 431 10 11 12 13 15 16 17 18 19 20 21 22 24 25 26 27 34 38 39 40 Net amount paid polieyholders for losses 1548767 48 Expenses of adjustment and settlement of losses 45135 27 Commissions or brokerage 958645 56 Salaries T 5223 38 Salaries fees and all other charges of officers directors trustees and home office employees 66837 89 Bents including 15000 for companys occupancy of its own buildings 20525 00 Advertising 429459 printing and stationery 1981082 24105 41 Postage telegrams telephone and express 15910 70 Legal expenses 2672 45 Furniture and fixtures 46 81 Underwriters boards and tariff associations 28704 57 Fire department fire patrol and salvage corps assess ments fees taxes and expenses 10260 70 Inspections and surveys 1538 93 Bepairs and expenses other than taxes on real estate 5596 99 Taxes on real estate 940 96 State taxes on premiums 48940 20 Insurance department licenses and fees 14906 65 All other licenses fees and taxes Federal corporation tax 284 city and county tax 787044 total 7873 28 Premiums on surety bonds 333 75 Sundry expenses 790 86 Collection fees 99 65 Subscription to periodicals 78 00 Paid stockholders for interest or dividends amount de clared during the year 114000 00 Agents balances charged off 277 94 Gross loss on sale or maturity of ledger assets viz Bonds 19985 00 Stocks 39316 63 Gross decrease by adjustment in book value of ledger assets viz Bonds 21600 00 41 Total disbursements 3003114 06 TVLedger Assets 107373 70 563158 86 5000 00 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 154370629 and stocks 203628202 3579988 31 5 Cash in companys office 2296 25 7 Deposits in trust companies and banks on interest 362753 10432 CompteolleeGeneeals Eepoet 8 Agents balances representing business written subsequent to Oct 1 1913 375295 24 9 Agents balances representing business written prior to Oct 1 1913 i999 70 11 Bills receivable taken for fire risks 24070 63 1G Total ledger assets 5020935 79 NonLedger Assets 17 Interest accrued on mortgages 5747 69 20 Interest due 25000 and accrued 2070435 on bonds 20954 35 19 Interest accrued on collateral loans 125 00 21 Int accrued on 500 shares MaekOny Co preferred stock sold Dec 17 1913 500 00 24 total 27327 04 27 Other nonledger assets viz Reinsurance due on paid losses 32727 00 30 Gross assets 5080989 83 Deduct Assets Not Admitted 34 Agents balances representing business written prior to Oct 1 1913 999 70 38 Book value of ledger assets over market value 207767 31 40 Total 208767 01 41 Total admitted assets 4872222 82 VLiabilities 1 Gross losses adjusted and unpaid 25000 00 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 298518 00 3 Gross claims for losses resisted 15000 00 4 Total 338518 00 5 Deduct reinsurance due or accrued 70902 00 6 Net amount of unpaid losses and claims 267616 00ComptrollerGenerals Eeport 433 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 2559049 32 10 Total unearned premiums as computed above 2559049 32 17 Salaries rents expenses bills accounts fees etc duo or accrued 1000 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 34000 00 26 Total amount of all liabilities except capital 2861665 32 27 Capital actually paid up in cash 1000000 00 28 Surplus over all liabilities 1010557 50 29 Surplus as regards policyholders 2010557 50 30 Total liabilities 4872222 82 VIRisks and Premiums Premiums Thereon Fire Risks 1 In force on the 31 day of December as per line 6 under this heading in last years statement 593227802 2 Written or renewed during the year 409879384 3 Excess of original premiums over amount received for reinsurance 6241019 59 4229506 20 73568 51 4 Total 1003107186 10544094 30 5 Deduct those expired and marked off as terminated 408524266 4400999 33 6 In force at the end of the year 7 Deduct amount reinsured 594582920 6143094 97 104552095 1086844 00 8 Net amount in force 490030825 5056250 97 Business in the State of Georgia During the Year 27 Gross risks written 2860944 00 Less 94687900 risks cancelled and 207168 reinsurance in companies authorized in Georgia 1154047 00 Net risks written 28 Gross premiums on risks written Less 694564 return premiums and 364507 premiums for reinsurance in companies authorized in Georgia Net premiums received 1706897 00 38167 03 10590 71 27576 32434 ComptrollerGenerals Beport 29 Losses paid deducting salvage 27748 19 Less losses on risks reinsured in companies authorized in Georgia 2183 48 Net losses paid 25564 71 30 Losses incurred 36238 19 Less losses on risks reinsured in companies authorized in Georgia 2183 48 Net losses incurred 34054 71 YORKSHIRE INSURANCE COMPANY LIMITED OF YORK ENGLAND UNITED STATES BRANCH Frank and DuBois United States Managers ICapital Stock 1 Deposit capital pursuant to laws of Illinois deposited in New York State 200000 00 2 Amount of ledger assets as per balance December 31 of previous years 795983 86 IIIncome 3 Gross premiums 880208 88 4 Deduct reinsurance premiums fire 209 73630 return premiums 17421237 totals 383948 67 7 Total premiums other than perpetual 11 Gross interest on bonds and dividends on stocks less 42347 accrued interest on bonds acquired during 1913 12 Gross interest on deposits in trust compa nies and banks 13 Gross interest from all other sources 14 Cleveland Ohio old balance 15 Philadelphia Und Assn 496260 1 24039 03 3777 52 32 84 6 30 17 Total gross interest and rents 24 Remittance from home office 27 Gross profit on sale or maturity of ledger assets viz Bonds 27855 69 12 51 500 00 29 Total income 524628 41ComptrollerGeneral s Eeport 435 IIIDisbursements 1 Gross amount paid policyholders for losses including 4389075 occurring in pre vious years 243325 60 2 Deduct amount received for Salvage fire 307939 reinsurance fire 5020833 discount fire 27255 total 53560 27 3 Net amount paid policyholders for losses 189765 33 4 Expenses of adjustment and settlement of losses 3088 86 5 Commissions or brokerage 117193 64 7 Salaries 421750 and expenses 253299 of special and general agents 6750 49 8 Salaries fees and all other charges of officers directors trustees and home office employees 43612 11 9 Rents 3704 01 10 Advertising 285731 printing and stationery 555169 8409 00 11 Postage telegrams telephone and express 2632 27 12 Legal expenses 61 33 13 Furniture and fixtures 1948 74 14 Maps including corrections 3118 69 15 Underwriters boards and tariff associations 5265 46 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 5126 17 17 Inspections and surveys 1029 87 20 State taxes on premiums 5677 16 21 Insurance department licenses and fees 3786 91 22 All other licenses fees and taxes City and county licenses and fees 1042 47 Local taxes and fees 47 99 23 Other disbursements 24 Subscriptions 830 34 25 Bank collections 310 72 26 Premiums on fidelity bonds and insurance on furniture 282 91 28 Electrical work and lettering on doors 183 79 29 Auditing 570 S3 30 Typewriting and night work 220 31 31 Miscellaneous account office supplies stationery ice water moving etc 1136 96 38 Remitted to home office 730 52 40 Gross decrease by adjustment in book value of ledger as sets viz Bonds 320 95 41 Total disbursements 406847 83 IVLedger Assets 4 Book value of bonds 695850 00 5 Cash in companys office San Francisco Cal 50 00 I436 ComptrollerGenerals Eeport 6 Deposit in trust companies and banks not on interest 1242 94 7 Deposits in trust companies and banks on interest 114812 91 8 Agents balances representing business writ ten subsequent to October 1 1913 101078 82 9 Agents balances representing business writ ten prior to October 1 1913 729 77 16 Total ledger assets 913764 44 NonLedger Assets 18 Interest due on bonds 8152 08 27 Other nonledger assets viz 28 Sundry reinsurance companies loss expense recoverable Fire reassurance 442 salamandia 442 total 8 84 SO Gross assets 921925 36 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 729 77 38 Book value of ledger assets over market value 410 00 39 Cash in San Francisco office 50 00 40 Total 41 Total admitted assets 5389 77 916535 59 VLiabilities 1 Gross losses adjusted and unpaid 2 Gross claims for losses in process of ad justment or in suspense plus 137541 reserve for losses incurrer prior to De cember 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 6 Net amount of unpaid losses and claims 5703 49 35834 98 1250 00 42788 47 17845 90 24942 57ComptrollebGenebals Eepoet 437 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 61473740 unearned pre miums per recapitulation 17 Salaries rents expenses bills accounts fees etc due or ac crued 18 Estimated amount hereafter payable for federal state other taxes based upon the business of the year of this statement 26 Total amount of all liabilities except capital 27 Deposit capital actually paid up in cash 28 Surplus over all liabilities 200000 00 311344 89 29 Surplus as regards policyholders 30 Total liabilities 371748 13 500 00 8000 00 405190 70 511344 89 916535 59 VIRisks and Premiums 1 In force on the 31st day of December as per line 6 under this heading in last years statement 44697693 2 Written or renewed during the year 443037 15 880208 88 4 Total 130135238 1323246 03 5 Deduct those expired and marked off as terminated 48447508 493619 30 6 In force at the end of the year 7 Deduct amount reinsured 81687730 20483890 829626 73 214889 33 8 Net amount in force 61203840 614737 40 UNITED STATES BRANCH OF THE AACHEN MUNICH FIRE INSURANCE COMPANY United States Office 80 Maiden Lane New York J A Kelsey United States Manager D B Harris Atlanta Attorney for Service ICapital Stock 1 Deposit capital pursuant to laws of Illinois deposited in New York 200000 00 2 Amount of ledger assets as per balance December 31 of previous years 2628751 20438 ComptrollerGenerals Keport IIIncome 3 Gross premiums 1865387 01 4 Deduct reinsurance premiums fire 300 64394 return premiums 31255882 total 613202 76 7 Total premiums other than perpetual 1252 184 25 11 Gross interest on bonds and dividends on stocks less 254918 accrued interest on bonds acquired during 1913 88188 32 12 Gross interest on deposits in trust companies and banks 3094 59 13 Gross interest from all other sources 117 22 17 Total gross interest and rents 91 400 13 24 Remittance from home office 8 535 IS 29 Total income 1352119 56 IIIDisbursements 1 Gross amount paid policyholders for losses including 12473122 occurring in pre vious years 749393 90 2 Deduct amount received for Salvage fire 398018 reinsurance fire 15542796 discount fire 41011 total 159818 25 3 Net amount paid policyholders for losses 589 575 65 4 Expenses of adjustment and settlement of losses 22 082 26 5 Commissions or brokerage 274 454 53 6 Allowances to local agencies for miscellaneous agency ex penses 8 O0 7 Salaries 2478331 and expenses 1978358 of special and general agents 44566 89 8 Salaries fees and all other charges of officers directors trustees and home office employees 82 640 56 9 Eents 7o05 40 10 Advertising 331725 printing and stationery 1022136 13538 61 11 Postage telegrams telephone and express 10 281 90 12 Legal expenses 209 go 13 Furniture and fixtures j 968 46 14 Maps including corrections 5481 31 15 Underwriters boards and tariff associations 21340 75 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 15 qs 16 17 Inspections and surveys l296 12 20 State taxes on premiums 20 323 40ComptbollebGeneeals Eepoet 439 21 Insurance department licenses and fees 8439 90 22 All other licenses fees and taxes Federal corporation tax 1522 01 Municipal licenses and fees 4173 79 County taxes and fees 843 41 Total 6539 21 23 Other disbursements 24 Commercial ratings 1495 00 25 Miscellaneous items 1374 52 26 Total 2869 52 38 Agents balances charged off 266 69 38 Eemitted to home office 101752 45 39 Gross loss on sale or maturity of ledger assets viz Bonds 637 50 41 Total disbursements 1230360 07 IVLedger Assets 4 Book value of bonds 2424958 00 5 Cash in companys office 41 68 6 Deposit in trust companies and banks not on interest 3982 39 7 Deposits in trust companies and banks on interest 100050 97 8 Agents balances representing business writ ten subsequent to Oteober 1 1913 201045 21 9 Agents balances representing business writ ten prior to October 1 1913 1422 22 11 Bills receivable taken for fire risks 684 03 12 Other ledger assets viz Reinsurance recov erable on paid losses 18326 11 16 Total ledger assets 2750510 69 NonLedger Assets 18 Interest accrued on bonds 28780 75 30 Gross assets 2779291 44 Deduct Assets Not Admitted 34 Agents balances representing business writ ten prior to October 1 1913 1422 22 35 Bills receivable past due taken for marine inland and fire risks 684 03440 ComptbolleeGtenebals Eepobt 38 Book value of ledger assets over market value 187613 08 40 Total 189719 33 41 Total admitted assets 4 2 589 572 11 VLiabilities 1 Gross losses adjusted and unpaid due 21 34548 not yet due 100317 22348 65 2 Gross claims for losses in process of ad justment or in suspense plus 10000 re serve for losses incurred prior to Decem ber 31 of which no notice had been re ceived on that date 90 204 04 3 Gross claims for losses resisted 15 345 73 4 Total 127898 45 5 Deduct reinsurance due or accrued 22 990 29 6 Net amount of unpaid losses and claims 104 908 16 7 Gross premiums less reinsurance received and receivable upon all unexpired fire risks 239506718 unearned pre miums per recapitulation j 280 001 45 17 Salaries rents expenses bills acocunts fees etc due or ac crued 3362 78 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 16250 00 19 Contingent commissions or other charges due or accrued 10 196 67 26 Total amount of all liabilities except capital i4i4 719 06 27 Deposit capital actually paid up in cash 200000 00 28 Surplus over all liabilities 974 853 05 29 Surplus as regards policyholders 1 174 853 05 30 Total liabilities 2589572 11 VIBisks and Premiums 1 In force on the 31st day of December as per line 6 under this heading in last years statement 259769733 00 2606020 46 2 Written or renewed during the year 189528398 00 1865387 01 4 Total449298131 00 4471407 47CoMPTROLLEKGrENEEAIiS EePOET 441 5 Deduct those expired and marked off as terminated 156595040 00 1632715 57 6 In force at the end of the year292603091 00 2838691 90 7 Deduct amount reinsured 44424952 00 443624 71 8 Net amount in force 248178139 00 2395067 19 Businesss in the State of Georgia During the Year 27 Gross risks written 4892488 00 Less 1025114 risks cancelled and 1312316 reinsurance in companies authorized in Georgia 2337430 00 Net risks written 2555058 00 28 Gross premiums on risks written 56685 85 Less 1029601 return premiums and 1396788 premiums for reinsurance in companies authorized in Georgia 24263 89 Net premiums received 32421 96 29 Losses paid deducting salvage 25250 66 Less losses on risks reinsured in companies authorized in Georgia 6604 07 Net losses paid 18646 59 30 Losses incurred 22554 34 Less losses on risks reinsured in companies authorized in Georgia 5123 47 Net losses incurred 17430 87LIFE INSURANCE COMPANIES M 1 2 4 5 ETNA LIFE INSURANCE COMPANY OF HARTFORD CONN G Bulkeley President 0 E Gilbert Secretary W E Hawkins Attorney for Service in Georgia ICapital Stock Amount of capital paid up in cash 2000000 00 Amount of ledger assets as per balance December 31 of previous year 96546684 34 Extended at 96545684 34 IIIncome First years premiums on original policies without deduction for commissions or other expenses less 790773 for first years reinsurance 1434278 27 Surrender values applied to pay first years premiums 42323 80 10 11 12 13 14 16 17 IS Total first years premiums on original policies 1476602 07 Dividends applied to purchase paid up ad ditions and annuities 11585 00 Surrender value sapplied to purchase paid up insurance and annuities 269019 75 Consideration for original annuities in volving life contingencies 82121 60 Consideration for supplementary contracts involving life contingencies 21304 00 Total new premiums Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 7 86101 for reinsurance ot renewals 9500850 66 Dividends applied to pay renewal premiums 599590 87 Surrender values applied to pay renewal premiums i3j689 74 Renewal premiums for deferred annuities 3735 51 1860632 42 Total renewal premiums io 117 866 78ComptrollerGeneral s Eeporx 44c 19 Extra premiums for total and permanent disability bene fits 4637900 and for additional accidental death benefits 46379 00 20 Total premium income 21 Consideration for supplementary contracts not involving life contingencies 22 Dividends left with the company to accumulate at in terest 24 Gross interest on mortgage loans less 53442 accrued interest on mortgages acquired during 1913 2593391 95 25 Gross interest on collateral loans 55528 09 26 Gross interest on bonds and dividends on stocks less 1289923 accrued interest on bonds acquired during 1913 1808357 90 27 Gross interest on premium notes policy loans or liens 28 Gross interest on deposits in trust com panies and banks 32 Gross discount on claims paid in advance 33 Gross rent from companys property in cluding 3500000 for companys occu pancy of its own buildings 82216 00 195423 59 619615 90 65442 84 2644 77 46784 16 34 Total gross interest and renis 35 From other sources Investment expense account 42 Gross profit on sale or maturity of ledger assets viz Eeal estate 1914691 bonds 227880 stocks 256 88275 total 43 Gross increase by adjustment in book value of ledger assets viz Real estate 1896569 bonds 55482851 stocks 79949144 total 45854 76 278308 46 1373285 64 44 Total income 19191732 26 IIIDisbursements 1 For death claims less 1299700 reinsur ance 4053420 87 2 For matured endowments 2579518 00 3 For total and permanent disability claims 985 84 4 Net amount paid for losses and matured endowments 6633924 71 5 For annuities involving life contingencies 45306 14 7 Surrender values paid in cash or applied in liquidation of loans or notes 2317412 62 6 Surrender values applied to pay new premiums 42 32380 to pay renewal premiums 1368974 56013 54444 ComptrollerGeneral s Report 9 Surrender values applied to purchase paidup insurance and annuities 269019 75 10 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 705629 81 11 Dividends applied to pay renewal premiums 599590 87 13 Dividends applied to purchase paid up additions and an nuities 11585 00 14 Dividends left with the company to accumulate at interest 195423 59 15 Total paid policyholders 10833906 03 16 Expenses of investigation and settlement of policy claims including 231308 for legal expenses 2637 11 17 Paid fox claims on supplementary contracts not involving life contingencies 44321 92 18 Dividends 11061240 and interest 1721009 thereon held on deposit surrendered during the year 127822 49 19 Paid stockholders for interest or dividends 200000 00 20 Commissions to agents less commissions on reinsurance First years premiums 56374536 renewal premiums 53879800 annuities original 475338 renewal 15047 total 1107447 21 21 Commuted renewal commissions 7 114 08 23 Agency supervision and traveling expenses of super visors except compensation for home office super vision 74038 50 24 Branch office expenses including salaries of managers and clerks not included in item 22 153 329 42 25 Medical examiners fees 8507950 inspection of risks 1727753 102357 03 26 Salaries and all other compensation of officers directors trustees and home office employees 413 597 16 27 Eent including 2500000 for companys occupancy of its own buildings 92196 69 28 Advertising 1351491 printing and stationery 75 31282 postage telegraph telephone and express 64 18533 exchange 172332 total 154736 38 29 Legal expenses not included in item 16 5 114 70 30 Furniture fixtures and safes 14 444 08 31 Eepairs and expenses other than taxes on real estate 25512 78 32 Taxes on real estate 15 087 12 33 State taxes on premiums 139 593 79 34 Insurance department licenses and fees 9 570 59 35 All other licenses fees and taxes Federal corporation tax 812179 tax on capital stock 6752474 valua tion of policies 340798 publication fees 125974 tax on reserves 916225 local license or property tax 19749685 total 286973 3539 46 47 48 49 1 2 3 4 5 ComptbolleeGeneeals Report 445 Other disbursements Investment expense account 42 37516 sundries 40120 incidentals 814753 mem bership in Association of Life Insurance Presidents 233050 home office travel 420277 profit and loss 28000 book papeTs and subsc 51685 expense on real estate during foreclosure 32448 total 58578 49 Agents balances charged off 1203 70 Gross loss on sale or maturity of ledger assets viz Real estate 202010 bonds 712785 stocks 181 58475 total 190732 70 Gross decrease by adjustment in book value of ledger assets viz Bonds 91476967 stocks 3551181 950281 48 7 8 9 10 Total disbursements 15010496 80 IVLedger Assets Book value of real estate 557452 91 Mortgage loans on real estate 53697792 47 Loans secured by pledge of bonds stocks or other collateral 1301479 97 Loans made to policyholders on this com panys policies assigned as collateral 10031184 92 Premium notes on policies in force of which 331671 is for first years prem iums 114760 85 Book value of bonds 2693270776 am ortized value 2749590572 and stocks 480000022 31732707 98 Cash in companys office 8972 57 Deposits in trust companies and banks not on interest 1167053 83 Deposits in trust companies and banks on interest 2076917 01 Bills receivable 66225 agents balances debit 5610084 credit 826580 net 4783504 total 48497 29 12 Total ledger assets100726819 8ff NonLedger Assets 13 Interest due 2543699 and accrued 1 51659208 on mortgages 1542029 07 14 Interest due 585883 and accrued 396 29061 on bonds 402149 44 15 Interest accrued on collateral loans 25929 42 16 Interest on premium notes policy loans or liens 156265 40446 ComptrollerGeneral s Report 17 Interest accrued on other assets Bank deposits 1466 43 20 Eents accrued on companys property or lease 250 00 27 Totals 91603 94 1226495 22 28 Deduct loading 13284 67 212505 12 151 00 21 Total interest and rents due and accrued 2128089 76 23 Market value not including interest in item 14 of bonds and stocks over book value 960291 60 24 Due from other companies for losses or claims on policies of this company reinsured National Life Insurance Company 25 Gross premiums due and unreported on policies in force Dec 31 1913 less reinsurance premiums 17587 00 768706 59 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsurance premiums 74016 94 457788 63 9 Net amount of uncolleeted and deferred premiums 78319 27 1013990 10 1092309 37 35 Gross assets 104907661 53 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 56100 84 662 25 224 02 Total 56987 11 44 Admitted assets life business 104850674 42 45 Admitted assets accident health and liability business 9106323 03 46 Total admitted assets 113956997 45 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 1913 as computed by the Com pany on the following tables of mortality and rates of interest vizComptrollerGeneral s Report 447 2 American Experience table at 3 per cent on entire non participating class and on participating class issued prior to 1901 57123269 00 3 American experience table at 3 per ct on participating class issued in 1901 and subsequently 31441284 00 Same for reversionary additions Net present value of annuities including those in reduction of premiums viz McClintocks Annuitants 3y2 per cent on business issued prior to 1900 Mc Clintoeks Annuitants 3 per cent and American Experience 3 per cent on business issued in 1910 and subsequently Also supplementary contracts involving life contingencies 28119 00 487397 00 126333 00 Total 89206402 00 6 Deduct net value of risks of this company reinsured in other solvent companies 30845 00 89175557 00 7 Extra reserve for total and permanent dis disability benefits 159381 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 12 Claims for death losses in process of ad jutment or adjusted and not due 120852 00 13 Claims for death losses reported for which no proofs have been received 62688 00 14 Reserve for net death losses incurred but unreported 100000 00 15 Claims for matured endowments due and unpaid 59433 00 16 Claims for death losses and other policy claims resisted by the company 90238 47 17 Claims for total and permanent disability benefits 1080 00 18 Due and unpaid on annuity claims involv ing life contingencies 215 97 19 Total policy claims 20 Due and unpaid on supplementary contracts not involv ing life contingencies 483153 Off 8450 17 434507 44 150 00448 ComptrollerGeneral s Eeport 21 Dividends left with the company to accumulate at in terest thereon 22 Premiums paid in advance including surrender values so applied 23 Unearned interest and rent paid in advance 24 Commissions due to agents on premium notes when paid 71249 other contingent commissions 222043 25 Commissions to agents due or accrued 26 Cost of collection on uncollected and deferred prem iums in excess of the loading thereon 27 Salaries rents office expenses bills and accounts due or accrued 28 Medical examiners fees 1126250 and legal fees 500 due or accrued 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 35 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1914 36 Amounts set apart apportioned provisionally ascertain ed calculated declared or held awaiting apportion ment upon deferred dividend policies not included in item 35 1003270 32 38 Reserve under renewable term and sub standard contracts 795 702 00 9U7238 06 35183 93 269256 02 2932 92 3461 45 23398 64 25717 67 11267 50 468424 60 101608 43 924636 00 478319 09 39 Liabilities life business 95 311 615 24 42 Total liabilities accident health and liability business 5619755 18 44 Capital stock 4000000 00 45 Unassigned funds surplus 9025627 03 46 Total surplus as regards policyholders 13 025 627 03 48 Total liabilities life accident health and other business 113956997 45 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 4097 8007583 31ComptrollerGenerals Eepoet 449 18 Policies on the lives of citizens of said state issu ed during the year 915 1660359 58 19 Total 5012 9667942 89 20 Deduct ceased to be in force during the year 669 1093297 59 21 Policies in force December 31 4343 8574645 30 22 Losses and claims unpaid Dec 31 of previous year 4 7582 00 32 Losses and claims incurred during the year 66 177384 00 24 Total 70 184966 00 25 Lossces and claims settled during the year in cash 17007510 by compromise 30890 64 170384 00 26 Losses and claims unpaid Dec 31 6 14582 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 254631 43 AMERICAN CENTRAL LIFE INSURANCE COMPANY Herbert M Woollen President Carroll B Carr Secretary William A Wright Attorney for Service 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 3401096 22 4 Extended at 3401096 22 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 136249 for first years reinsurance 188877 99 6 Surrender values applied to pay first years premiums 861 25 7 Total first years premiums on original pol icies 189739 24450 CompteolleeGenebals Kepobt 8 Dividends applied to purchase paidup addi tions and annuities 99 83 9 Surrender values applied to purchase paidup insurance and annuities 21 793 30 12 Total new premiums 211 632 37 13 Renewal premiums in addition to items 14 1G and 17 without deduction for com missions or other expenses less 720009 for reinsurance on renewals 801923 39 14 Dividends applied to pay renewal premiums 3642 69 16 Surrender values applied to pay renewal premiums 178 31 18 Total renewal premiums 805 744 39 19 Extra premiums for total and permanent and disability ben efits 498 28 20 Total premium income 1 017 875 04 21 Consideration for supplementary contracts not involving life contingencies 4 217 35 22 Dividends left with the company to accumulate at interest 460 78 24 Gross interest on mortgage loans less 3 60669 accrued interest on mortgages ac quired during 1913 115151 46 27 Gross interest on premium notes policy loans or liens 55834 64 28 Gross interest on deposits in trust companies and banks lj995 2g 30 Agents debit balances 81 85 33 Gross rent from companys property includ ing 712496 for companys occupancy of its own buildings 37 541 82 34 Total gross interest and rents 210 705 06 35 From other sources 36 From premium debtor balance charged off 204 62 37 Policy coupons 734 27 38 Insureds personal benefit fund 4 165 82 40Total 510471 44 Total income 12S8863 04 IHDisbursements 1 For death claims 195n8 Q1 6 Premium notes and liens voided by lapse less 22967 res torations 6022 S3ComptrollerGenerals Report 451 7 Surrender values paid in cash or applied in liquidation of loans or notes 114398 32 8 Surrender values applied to new premiums 86125 to pay renewal premiums 17831 1039 56 9 Surrender values applied to purchase paidup insurance and annuities 21793 30 10 Dividends paid to polieyholders in cash or applied in liqui dation of loans or notes 2004 22 11 Dividends applied to pay renewal premiums 3642 69 13 Dividends applied to purchase paidup additions and annui ties 99 83 14 Dividends left with the company to accumulate at interest 460 78 15 Total paid polieyholders 345179 54 16 Expense of investigation and settlement of policy claims in cluding 75655 for legal expenses 887 46 17 Paid for claims on supplementary contracts not involving life contingencies 1150 00 18 Coupons and interest thereon held on deposit surrendered during the year 65 34 19 Paid stockholders for interest or dividends 10960 00 20 Commissions to agents First years premiums 143 08701 renewal premiums 4820522 191292 53 22 Compensation of managers and agents not paid by commis sion for services in obtaining new insurance 975 00 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 35919 69 24 Branch office expenses including salaries of managers and clerks not included in item 22 6593 79 25 Medical examiners fees 1385810 inspection of risks 4 91846 18776 56 26 Salaries and all other compensation of officers directors trustees and home office employees 70759 89 27 Eent including 712496 for companys occupancy of its own buildings 7969 96 28 Advertising 525189 printing and stationery 1316116 postage telegraph telephone and express 535201 ex change 39080 total 24155 86 29 Legal expense not included in item 16 6333 03 30 Furniture fixtures and safes 2666 90 31 Repairs and expenses other than taxes on real estate 13746 51 32 Taxes on real estate 4343 43 33 State taxes on premiums 15158 26 34 Insurance department licenses and fees 4254 63 35 All other licenses fees and taxes Federal corporation tax 68550 municipal etc 41888 personal property tax 59021 total 1694 59 39 Other disubrsements Premium debtor charged off 61916 consulting actuaries 600 premium surety bonds 1452 ComptrollerGenerals Eeport 10349 officers traveling expenses 473313 agency meetings 346586 miscellaneous expenses 143318 reinstatement expenses 142419 investiment fees 6083 books and magazines 77496 total 14 214 80 46 Agents balances charged off 2 847 62 49 Total disbursements 779 945 39 VIRisks and Premiums 1 Book value of real estate 441 958 84 2 Mortgage loans on real estate first liens 2283470 25 3 Loans secured by pledge of bonds stocks or other collateral 1065995 95 4 Loans made to policyholders on this com pany s policies assigned as collateral 7779 49 7 Cash in companys office 1 098 05 9 Deposits in trust companies and banks on Merest 54427 06 10 Agents balances debit 705953 credit 57987 net 647965 premium bal ance debit 14634 credit 84156 net credit 69522 total 5784 43 12 Total ledger assets 3859514 07 NonLedger Assets 13 Interest due 30550 and accrued 44 76752 on mortgages 45073 02 16 Interest accrued on premium notes 145 15 17 Interest accrued on bank balances 378 29 20 Rents due on companys property or lease 520 00 21 Total interest and rents due and accrued 46 116 46 22 Market value of real estate over book value 76o41 16 New Business Renewals 25 Gross premiums due and un reported on policies in force December 31 1913 less reinsurance pre miums 9253 39 59865 51 26 Gross deferred premiums on policies in force Decem ber 31 1913 less rein surance premiums 34 614 50 27 Totals 9253 39 94480 01 28 Deduct loading 4176 00 9602 87 ComptrollerGenerals Eeport 453 29 Net amount of uneollected and deferred premiums 5077 39 84877 14 89954 53 30 All other assets Fire and liability premiums in advance 2774 97 31 Furniture and fixtures 15593 70 35 Gross assets 4089994 89 Deduct Assets Not Admitted 37 Furniture fixtures and safes 15593 70 38 Agents debit balances gross 7059 52 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 8721 23 44 Premium debit balances 146 34 45 Total 31520 79 46 Admitted assets 4058474 10 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the com pany on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on all issues prior to Janu ary 1 1908 except two forms of policies 2180067 61 2 American experience table at 3 per cent on all policies since January 1 1908 and two forms prior 1336158 05 Same for reversionary additions 99 02 Total 1336257 07 5 Net present value of annuities including those in reduction of premiums viz Actuaries table at 4 per cent to cover deficient premiums 1246 85 Total 3517571 53 6 Deduct net value of risks of this company reinsured in other solvent companies 9198 74 Total 3508372 79 7 Extra reserve for total and permanent disability benefits 498 28 8 Net reserve 3508871 07 9 Present value of amounts not yet due on supplementary con tracts not involving life contingencies computed by the company 6215 07454 CompteolleeGenebals Bepobt 13 Claims for death losses reported for which no proofs have been received 9000 00 14 Eeserve for net death losses incurred but un reported 2000 00 27 28 29 19 Total policy claims 11000 00 21 Dividends left with the company to accumulate at interest and accrued interest thereon 467 69 22 Premiums paid in advancve including surrender values so applied 5261 78 23 Unearned interest and rent paid in advance 27638 98 24 Commissions due to agents on premium notes when paid 388 97 25 Commissions to agents due or accrued 78 57 26 Cost of collection on uncollected and deferred premiums in excess of the loading thereon 219 41 Salaries rents office expenses bills and accounts due or ac crued 2661 79 Medical examiners fees and legal fees due or accrued 179 50 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 13323 34 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre miums 540 51 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 1 839 77 35 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1914 72 20 38 Special surplus to cover possible unknown liabilities 47562 43 41 All other liabilities Insureds personal benefit fund 9 78682 policy coupons 178135 state county and mu nicipal taxes due or accrued 556960 total 17137 77 45 Total 3643458 45 46 Capital stock 137000 00 47 ITnassigned funds surplus 278 015 65 48 Total 4058474 10 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 22190 00 18 Policies on the lives of citiens of said State issued during the year 18510 00 19 Total 40700 00 20 Deduct ceased to be in force during the year 14000 00ComptrollerGenerals Report 455 21 Policies in force December 31 26700 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 990 00 AMERICAN NATIONAL INSURANCE COMPANY Home Office Galveston Texas W L Moody Jr President L H Collier Secretary J B Daniell Attorney for Service IBalance Sheet 1 Amount of capital paid up in cash 250000 00 2 Amount of ledger assets as per balance December 31 of previous year 1782561 69 4 Extended at 1782561 69 IIIncome 5 First years premium on original policies without deduction for commissions or other expenses less 512764 for first years reinsurance 183951 53 8 Dividends applied to purchase paidup addi tions and annuities 5481 94 9 Surrender values applied to purchase paidup insurance and annuities 3102 35 12 Total new premiums 192535 82 13 Renewal premiums in addition to items 13 16 and 17 without deduction for com missions or other expenses less 266700 for reinsurance on renewals 1007783 86 14 Coupons applied to pay renewal premiums 348 23 16 Surrender values applied to pay renewal pre miums 1157 25 18 Total renewal premiums 1009289 34 19 Extra premiums for additional accidental death benefits in cluded in life policies 4062 98 20 Total premium income 1205888 14 22 Coupons left with the company to accumulate at interest 1641 30 23 Ledger assets other than premiums received from other companies for assuming their risks 23018 35456 ComptrollerGenerals Eeport 24 Gross interest on mortgage loans less 1 72388s accrued interest on mortgages ac quired during 1913 26 Gross interest on bonds and dividends on stocks less 224547 accrued interest on bonds acquired during 1913 27 Gross interest on premium notes policy loans or liens 28 Gross interest on deposits in trust companies and banks 33 Gross rent from companys property includ ing 2400 for companys occupancy of its own buildings 90023 80 5644 03 10423 57 3984 99 6504 46 34 Total gross interest and rents 35 From other sources 36 Agents cash bonds received 37 Received from other cos other than ledger assets 116480 85 450 00 26913 84 27363 84 1958 15 40 Total from other sources 42 Gross profit on sale or maturity of ledger assets viz Stocks 42 Gross increase by adjustment in book value of ledger as sets viz Real estate 242 485 65 From accident stmt g21 722 29 44 Total income 2240558 57 IIIDisbursements 1 For death claims 38211156 additions 155 3 3 For total and permanent disability claims 382266 56 100 00 4 Net amounts paid for losses and matured endowments 5 For annunities involving life contingencies 6 Premium notes and liens voided by lapse less 140 restora tions 7 Surrender values paid in cash or applied in liquidation of loans or notes 8 Surrender values applied to pay renewal premiums 9 Surrender values applies to purchase paidup insurance and annuities 10 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes 11 Coupons applied to pay renewal premiums 12 Advisory board and special inspectors compensation 13 Dividends applied to purchase paidup additions and annui ties 382366 56 3900 00 372 07 27203 80 1157 25 3102 35 317 59 348 23 9072 99 5481 94CompteolleeGenerals Keport 457 14 Coupons left with the company to accumulate at interest 1641 30 15Total paid policyholders 434964 08 16 Expense of investigation and settlement of policy claims in cluding 226918 for legal expense 2764 78 18 Coupons and interest thereon held on deposit surrendered during the year 168 88 19 Paid stockholders for interest or dividends 25000 00 20 Commissions to agents First years premiums1 142 69183 renewal premiums 11885727 annuities orig inal 300 total 261829 10 22 Compensation of managers and agents not paid by commis sion for services in obtaining new insurance 21254 46 23 Agency supervision and traveeling expenses of supervisors except compensation for home office supervision 25608 20 24 Branch office expenses including salaries of managers and clerks not included in item 22 159974 45 25 Medical examiners fees 4410827 inspection of risks 459678 48705 05 26 Salaries and all other compensation of officers directors trustees and home office employees 72989 34 27 Eent including 2400 for companys occupancy of its own buildings 22249 07 28 Advertising 662934 printing and stationery 1731826 postage telegraph telephone and express 972187 ex change 333 34002 47 29 Legal expense not included in item 16 5164 66 30 Furniture fixtures and safes 7392 86 31 Repairs and expenses other than taxes on real estate 4845 33 32 Taxes on real estate 677 35 33 State taxes on premiums 8005 47 34 Insurance department licenses and fees 5219 87 35 All other licenses fees and taxes Federal corporation tax 16114 municipal in various states 289985 total 3060 99 39 Other disbursements Petty office expense 41910 in vestment expense 189179 bond fees 78665 interest paid on Cuban bonds 99996 interest paid on agents cash bonds 6033 printing plant expenses 178803 examination and audit 195485 commissions on rents 200 paid other commissions account reinsurance their risks 3570311 agents cash bonds returned 595 total 44398 82 46 Agents balances charged off 6916 11 47 Gross loss on sale or maturity of ledger assets viz Bonds 1045 00 From account stmt 401655 09 49 Total disbursements 1597892 43458 CoMPTROLLERGrENERAL s BEPORT IVLedger Assets 1 Book value of real estate 778700 00 2 Mortgage loans on real estate first liens 1034670 70 3 Loans secured by pledge of bonds stocks or other collateral 198693 76 5 Premium notes on policies in force 556 20 6 Book value of bonds 21302037 and stocks 7959454 total 292614 91 7 Cash in companys office 25 00 8 Deposits in trust companies and banks not on interest 90700 76 9 Deposits in trust companies and banks on interest 146 18 10 Agents balances debit 26840 33 11 Printing plant 2279 99 12 Total ledger assets 2425227 83 NonLedger Assets 13 Interest due 830657 and accrued 49 834 on mortgages 58140 77 14 Interest accrued on bonds 3 025 00 20 Bents due on companys property or lease 188250 00 21 Total interest and rents due and accrued 23 Market value not including interest in Item 14 of bonds and stocks over book value 25 Gross premiums due and unreported on pol icies in force December 31 1913 less re insurance premiums 27361 21 26 Gross deferred premiums on policies in force December 31 1913 less reinsurance pre miums 22856 09 27 Totals 28 Deduct loading 50217 30 12863 19 29 Net amount of uncollected and deferred premiums 31 Premiums actually collected and in transmission to home office December 31 1913 less agents commissions 33 Industrial policy loans within recurrence 34 From account stmt 63048 27 11815 96 37354 11 19562 48 2127 18 12462 13 35 Gross assets 2571597 96CompteollebGeneeals Bepobt 459 Deduct Assets Not Admitted 38 Agents debit balances 26840 33 41 Premium notes and loans on policies and net premiums in Item 29 in excess of the net value of their policies 2202 89 44 Real estate 2000 00 45 Total 31043 22 46 Admitted assets 2540554 74 VLiabilities Surplus and other Funds Net value of all the outstanding policies in force on the 31st day of December 1913 as computed by the com pany on the following tables of mortality and rates of interest viz 1 Full level premium Amer Ex 3 per cent 393529 00 2 American experience table at 3 per cent on full preliminary term 148576 00 3 American Exp table at 3 per cent on full preliminary term 270530 00 4 Other tables and rates viz Amer Exp 3 per cent Illinois standard 232143 00 Paid up and ext ins Amer exp 3 per cent 23863 00 Paid up and ext ins Amer expr 3 per cent including additions 16714 00 Industrial Amer exp 3 per cent N Y rule 567556 00 5 Amer exp 3y2 per cent 30967 00 Total 1683878 00 6 Deduct net value of risks of this company reinsured in other solvent companies 3965 00 Total 1679913 00 7 Extra reserve for total permanent disability benefits 3211 and for additional accidental death benefits 2042 in cluded in life policies 5253 00 8 Net reserve 1685166 00 12 Claims for death losses in process of adjustment or ad justed and not due 2000 00 13 Claims for death losses reported for which no proofs have been reecived 9170 00 19 Total policy claims 11170 00 21 Coupons left with the company to accumulate at interest and accrued interest thereon 1641 30 460 CompteollebGeneeal s Eepoet 22 Premiums paid in advance including surrender values so ap Plied 2967 86 23 Unearned interest and rent paid in advance 4 157 46 27 Salaries rents office expenses bills and accounts due or accrued 2867 10 28 Medical examiners fees 1 394 qq 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 6000 00 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre miums special compensation 8 372 97 38 Extra reserve on Cuban business 1 201 00 42 Agents cash bonds g25 00 44 Erom accident statement 19 035 77 46 Capital stock 250000 00 47 Unassigned funds surplus 545 ggg 28 48 Total 2540554 74 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 4631 1963735 00 18 Policies on the lives of citizens of said State issued during the year37285 6954373 00 19 Total 41916 8918108 00 20 Deduct ceased to be in force during the year 3328 1 718 390 00 21 Policies in force December 3138588 7199718 00 22 Losses and claims unpaid December 31 of previous year 1 2000 00 23 Losses and claims incurred during year 386 55 341 71 24 Total 387 57341 71 25 Losses and claims settled during the year in cash by compromise 52 941 71 26 Losses and claims unpaid December 31 4 4 400 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 133375 96CompteolleeGenebals Eepoet 461 ATLANTIC LIFE INSURANCE COMPANY Edmund Strudwick President Charles G Taylor Jr Secretary ICapital Stock 1 Amount of capital paid up in cash 300000 00 2 Amount of ledger assets as per balance Dec 31 of previous year 1787353 30 4 Extended at 1787353 30 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 578946 for first first years reinsurance 166482 02 8 Dividends applied to purchase paid up ad ditions and annuities 144 61 9 Surrender values applied to purchase paid up insurance and annuities 14907 10 11 Consideration for supplementary contracts involving life contingencies 23496 93 12 Total new premiums 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 33 76140 for reinsurance on renewals 14 Dividends applied to pay renewals prem iums 205030 66 534359 59 15150 58 IS Total renewal premiums 549510 17 20 Total premium income 22 Dividends left with the company to ac cumulate at interest 23 Ledger assets other than premiums receiv ed from other companies for assuming their risks 24 Gross interest on mortgage loans less 51028 accrued interest on mortgages acquired during 1913 25 Gross interest on collateral loans 754540 83 19950 79 105 00 82454 88 275 83462 ComptkollekGeneeals Eepokt 26 Gross interest on bonds and dividends on stocks less 12984 accrued interest on bonds acquired during 1913 27 Gross interest on premium notes policy loans or liens 28 Gross interest on deposits in trust com panies and banks 29 Gross interest on other debts due the com pany IntereslTon agents advances 33 Gross rent from companys property 34 Total gross interest and rents 35 From other sources Sale of furniture and fixtures 37 Medical examiners fees refunded 42 Gross profit on sale or maturity of ledger assets viz Real estate 44 Total income 6901 44 17242 63 2934 24 155 43 86 81 110051 26 470 65 10 00 184 02 885312 55 IIIDisbursements 1 Tor death claims less 2081900 re insurance 136647 08 3 For total and permanent disability claims 93 96 4 Net amounts paid for losses and matured endowments 5 For annuities involving life contingencies 6 Premium notes and liens voided by lapse 7 Surrender values paid in cash or applied in liquidation of loans or notes 9 Surrender values applied to purchase paid up insurance and annuities 10 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 11 Dividends applied to pay renewal premiums 13 Dividends applied to purchase paid up additions and an nuities 14 Dividends left with the Company to accumulate at in terest 15 Total paid policyholders 16 Expense of investigation and settlement of policy claims including 97803 for legal expense 17 Paid for claims on supplementary contracts not involving life contingencies 18 Dividends and interest thereon held on deposit surrendered during the year 136741 04 1230 00 4502 21 45270 13 14907 10 1410 87 15150 58 144 61 19950 79 239307 33 978 03 S00 00 5144 52CompteollebGenebals Repobt 463 20 Commissions to agents less commission on reinsurance First years premiums 9965783 renewal premiums 3330154 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 24 Branch office expenses including salaries of managers and clerks not included in item 22 25 Medical examiners fees 1623856 inspection of risks 389681 total 26 Salaries and all other compensation of officers directors trustees and home office employees 27 Rent 28 Advertising 683379 printing stationery 1175461 postage telegraph telephone and express 372786 exchange 63009 29 Legal expense not included in item 16 30 Furniture fixtures and safes 33 State taxes on premiums 34 Insurance department licenses and fees 37 State county and municipal taxes 39 Other disbursements Miscellaneous expenses 682808 miscellaneous traveling expenses 102503 suspense credit paid during year 6773 total 47 Gross loss on sale or maturity of ledger assets viz Eeal estate 658 bonds 2000 stocks 112000 total 49 Total disbursements IVLedger Assets 1 Book value of real estate 3674 31 2 Mortgage loans on real estate first liens 142189644 other than first liens 18 10033 total 1439996 77 3 Loans secured by pledge of bonds stocks or other collateral 8000 00 4 Loans made to policyholders on this com panys policies assigned as collateral 245447 83 5 Premium notes on policies in force of which 23100 is for first years premiums 46251 62 6 Book value of bonds 16324743 and stocks 5752150 220768 93 7 Cash in companys office 9118 17 8 Deposits in trust companies and banks not on interest 19854 36 9 Deposits in trust companies and banks on interest 134270 63 10 Agents balances debit 882485 credit 19713 8627 72 132959 37 25135 08 300 00 20135 37 39152 90 3618 39 22946 35 3114 53 1501 09 8118 61 1670 11 6996 98 7920 84 1140 58 520946 08464 ComptkollehGeneeals Eepoet 11 Deposit with Insurance Commissioner of Texas 150000 commuted renewal comn of 1020943 furniture and fix tures 400000 15709 43 12 Total ledger assets 2151719 77 NonLedger Assets 13 Interest due 36649 and accrued 27 74072 on mortgages 14 Interest accrued on bonds 15 Interest accrued on collateral loans 16 Interest on premium notes policy loans or liens 17 Interest accrued on other assets Bank balances 28107 21 2057 91 50 00 460 20 295 73 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 25 Gross premiums due and unreported on policies in force Der 31 1913 less reinsurance premiums 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsurance premiums 30971 05 425 69 4341 07 46335 78 11867 40 27 Totals 28 Deduct loading 58203 18 10127 25 29 Net amount of uncollected and deferred premiums 35 Gross assets 48075 93 Deduct Assets Not Admitted 37 Furniture fixtures and safes 38 Commuted commissions 1020943 agents debit balances gross 882485 total 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 4000 00 19034 28 7864 32 46 Admitted assets 2204 634 91 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the Bureau of Insurance on the following tables of mor tality and rates of interest vizComptrollerGenerals Report 465 1 Actuaries table at 4 per cent on pols issued in 19100 and 1901 230597 68 2 American Experience table at 3 per cent on reinsured policies 3336 33 3 American Experience table at 3 per cent on issues subsequent to 1901 except items 4 1437581 76 Same for reversionary additions 967 00 4 Other tables and rates viz American Ex perience 4 per cent 808 23 5 Net present value of annuities including those in reduction of premiums Am Exp 3y2 per cent 45571 00 Total 1718862 00 6 Deduct net value of risks of this company reinsured in other solvent companies 47766 00 8 Net reserve 1671096 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the 10304 00 13 Claims for death losses reported for which no proofs have been received 6193 00 16 Claims for death losses and other policy claims resisted by the company 6000 00 19 Total policy claims 12193 00 21 Dividends left with the company to accumulate at interest and accrued interest thereon 65277 80 22 Premiums paid in advance including surrender values so applied 1452 74 23 Unearned interest and rent paid in advance 5714 19 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 9468 27 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 500 00 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 22888 85 35 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1914 2575 25 45 Total 1801470 10 466 ComptrolleeGtenebals Keport 46 Capital stock 300000 00 47 Unassigned funds surplus 103 164 81 48 Total 2204634 91 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 319 547786 00 18 Policies on the lives of citizens of said state issued during the year 9 14 oqO 00 19 Total 328 561786 00 20 Deduct ceased to be in force during the year 94 148 000 00 21 Policies in force December 31 234 413 786 00 23 Losses and claims incurred during year 1 1000 00 25 Losses and claims settled during the year 1 1000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends com missions or other expenses 13 329 34 THE BANKERS RESERVE LITE COMPANY Home Office Omaha Nebraska B H Robison President R c Wagner 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 3681331 85 4 Extended at 3681331 85 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 86441 for first years reinsurance 181 714 61 8 Dividends applied to purchase paidup additions and annui ties 18254 58 12 Total new premiums 199 969 13ComptrollebGenebal s Eepobt 467 13 Renewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 564199 for reinsurance on renewals 14 Dividends applied to pay renewal premiums 869542 07 110759 27 18 Total renewal premiums 21 Consideration for supplementary contracts not involving life contingencies 24 Gross interest on mortgage loans less 45561 accrued interest on mortgages acquired during 1913 50413 38 26 Gross interest on bonds less 155325 ac crued interest on bonds acquired during 1913 93608 74 27 Gross interest on premium notes policy loans or liens 4339562 28 Gross interest on deposits in trust compa nies and banks 3130 30 34 Total gross interest 43 Gross increase by adjustment in book value of ledger as sets viz Bonds 30301 34 1202 89 196548 04 1377 00 44 Total income 1379398 46 IIIDisbursements 1 For death claims less 7500 reinsurance 17951525 ad ditions 360 6 Premium notes and liens voided by lapse less 508709 restorations 7 Surrender values paid in cash or applied in liquidation of loans or notes 10 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes 11 Dividends applied to pay renewal premiums 13 Dividends applied to purchase paidup additions and annui ties 14 Dividends left with the company to accumulate at interest 16 Expense of investigation and settlement of policy claims 19 Paid stockholders for dividends 20 Commissions to agents less commission on reinsurance First years premiums 13734655 renewal premiums 1929356 total 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 25 Medical examiners fees 1359950 inspection of risks 534550 total 179875 25 7563 02 99977 15 461 62 110759 27 18254 5S 1202 89 1182 45 10000 00 156640 11 37525 36 18945 00468 ComptrollerGenerals Eeport 26 Salaries and all other compensation of officers directors trustees and home office employees 65 306 40 27 Rent 5179 02 28 Advertising 646663 printing and stationery 743635 postage telegraph telephone and express 664070 ex change 87215 total 21 415 g3 29 Legal expense not included in item 16 2 924 64 30 Furniture fixtures and safes 1 155 gg 33 State taxes on premiums 17 ggl 35 34 Insurance department licenses and fees 3 46O 23 36 Federal corporation tax 2 008 40 40 Suspense items 9739 loss and gain 27353 total 370 92 41 Office expense 3 Qg2 gi 42 Investment expense j 390 ng 43 Premiums on Fidelity bonds 2 346 25 44 Actuarial expense ggg gg 45 Traveling expense 1 293 49 46 Agents balances charged off 144 02 47 Gross loss on sale or maturity of ledger assets viz Bonds 50 00 48 Gross decrease by adjustment in book value of ledger as sets viz Bonds including 1520588 for amortization of premium 15j205 gg 49 Total disbursements 4 7g0 992 53 IVLedger Assets 2 Mortgage loans on real estate 1038800 00 4 Loans made to policyholders on this com panys policies assigned as collateral 758776 54 5 Premium notes on policies in force 70157 37 6 Book value of bonds 2 254 831 75 7 Cash in companys office 136 68 9 Deposits in trust companies and banks on interest 151718 74 10 Agents balances debit 89876 credit 88226 net 16 50 12 Total ledger assets 4 274 437 7g NonLedger Assets 13 Interest accrued on mortgages 19 921 70 14 Interest accrued on bonds 16 295 53 16 Interest accrued on premium notes policy loans or liens 2 073 63 21 Total interest accrued 3g 290 86ComptrolleeGeneeals Kepobt 469 25 Gross premiums due and unreported on poli cies in force December 31 1913 less re insurance premiums 27980 23 26 Gross deferred premiums on policies in force December 31 1913 less reinsurance pre miums 799 11 27 Totals 28779 34 28 Deduct loading 7200 00 29 Net amount of uncollected and deferred premiums 35 Gross assets Deduct Assets Not Admitted 21578 52 4334307 16 3H 898 76 40658 38 43 Book value of bonds over market value Total 45 41557 14 46 4292750 02 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the in surance department of Nebraska on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent 2667571 00 2 American experience tables at 3 per cent 710789 00 Same for reversionary additions 32796 00 Total 743585 00 Total 3411156 00 6 Deduct net value of risks of this company reinsured in other solvent companies 4286 00 8 Net reserve 3406870 00 10 Liability on policies cancelled and not included in net re serve upon which a surrender value may be demanded 4597 52 13 Claims for death losses reported for which no proofs have been received 15000 00 17 Claims for total and permanent disability benefits 2500 00 19 Total policy claims 17500 00 21 Dividends left with the company to accumulate at interest and accrued interest thereon 3317 71470 ComptbollebGeneeal s Eepoet 22 Premiums paid in advance including surrender values so applied 11081 II 23 Unearned interest and rent paid in advance 211591 27 Salaries rents office expenses bills and accounts due or ac crued 2580 75 28 Medical examiners fees 856 and legal fees 176 due or accrued 1032 00 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 19625 00 33 Dividends or other profits due policyholclers including those contingent on payment of outstanding and deferred pre miums 3428 38 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 1730 07 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in Item 35 22487 79 38 Special fund calculated payable to the holders of deferred dividend policies contingent upon the payment of the an nual premiums falling due during 1914 73669 91 42 Items in suspense 1828 82 45 Total 3590350 92 46 Capital stock 100 000 00 47 Unassigned funds surplus 602 399 10 48 Total 4292750 00 Business in The State of Georgia During The Year No Amount 17 Policies on the lives of citizens of said state is force December 31 of previous year 58 99525 00 18 Policies on the lives of citizens of said State issued during the year 99 163191 25 19 Toal 157 262716 25 20 Deduct ceased to be in force during the year 25 46 500 00 21 Policies in force December 31 132 216 216 25 27 Premiums collected or secured in cash and notes on credits without any deduction for losses dividends commissions or other expenses 6938 23CoMPTBOLLEBGtENEEALS KePOBT 471 CHEKOKEE LIFE INSURANCE COMPANY Barry Wright President G K Henshall 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 4 Extended at 456315 43 IIIncome 5 First years premiums on original policies without deduc tion for commissions or other expenses less 312497 for first years reinsurance 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 11560 for reinsurance on renewals 456315 43 263534 62 12165 15 20 Total premium income 24 Gross interest on mortgage loans 26 Gross interest on bonds and dividends on stocks 27 Gross interest on premium notes policy loans or liens 28 Gross interest on deposits in trust companies and banks 29 Gross interest on other debts due the com 275699 77 pany 33 Gross rent from companys property includ ing 1960 for companys occupancy of its own buildings 1036 75 8367 66 6 50 4273 51 55 6890 23 34 Total gross interest and rents 36 Incorporation certificates 37 Sale of industrial business on account 38 Furniture and fixtures 39 Partial payments 44 Total income 20575 20 25576 50 25000 Od 140 20 60 no 347051 67 IIIDisbursements 1 For death claims Ordinary 1448200 industrial 5471186 i 2 Sick claims Industrial 69193 86 3255 86472 ComptbolleeGenebals Eepobt 3 For total and permanent disability claims 52200 and for additional accidental death benefits 200000 total 2522 00 4 6 7 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 37 38 41 42 43 44 Net amounts paid for losses and matured endowments Premium notes and liens voided by lapse Surrender values paid in cash or applied in liquidation of loans or notes Paid stockholders for interest or dividends agents bonds refunded Commissions to agents less commission on reinsurance First years premiums 10579644 renewal premiums 73516 total Commuted renewal commissions agents credit balance paid Compensation of managers and agents not paid by commis sion for services in obtaining new insurance Agency supervision and traveling expenses of supervisors except compensation for home office supervision Branch office expenses including salaries of managers and clerks not included in item 22 Medical examiners fees 2121601 inspection of risks 433819 total Salaries and all other compensation of officers directors trustees and home office employees Bent Advertising 403294 printing and stationery 848479 postage telegraph telephone and express 302094 ex change 7808 miscellaneous 124122 total Legal expenses riot included in item 16 Cost of reinsuring Nat Ass Co Repairs and expenses other than taxes on real estate Taxes on real estate State taxes on premiums Insurance department licenses and fees Municipal license Suspense Commissions on certificates Interest Actuarial fees Fire insurance 74971 72 2008 74 76 00 209 33 106531 60 1237 73 82162 98 1827 25 10603 37 25554 20 27540 21 1960 0O 16857 97 11589 49 20000 00 5828 73 1034 14 3326 71 1394 10 1395 31 241 97 1152 73 48127 35 2285 69 179 30 49 Total disbursements 448096 62 TVLedger Assets 1 Book value of real estate less 20000 in cumbrances 2 Mortgage loans on real estate first liens 26215 87 16475 00ComptrollerGenerals Eeport 473 3 Loans secured by pledge of bonds stocks or other collateral 4000 00 4 Loans made to policyholders on this com panys policies assigned as collateral 210 98 5 Premium notes on policies in force 3624 65 6 Book value of bonds 207721 00 7 Cash in companys office 70 24 8 Deposits in trust companies and banks not on interest 26108 73 9 Deposits in trust companies and banks on interest 15000 00 10 Bills receivable 56414 agents balances debit 3136576 31929 90 11 Borne Ins Co 39607 outstanding nets 2304351 branch office 47453 total 23914 11 12 Total ledger assets 355270 48 NonLedger Assets 13 Interest due 39549 and accrued 25987 on mortgages 655 36 14 Interest due 907 and accrued 488833 on bonds 5795 33 17 Interest due 200 and accrued 13325 on other assets Banks 333 25 20 Bents due 515 and accrued 23250 on companys property or lease 747 50 21 Total interest and rents due and accrued New Business 25 Gross premiums due and un reported on policies in force December 31 1913 less reinsurance pre miums 38766 12 26 Gross deferred premiums on policies in force De cember 31 1913 less re insurance premiums 7 80 Renewals 4568 20 811 27 27 Totals 38773 92 5379 47 28 Deduct loading 25197 78 1175 99 29 Net amount of uncollected and deferred premiums 13576 14 7531 44 4203 48 17779 62 35 Gross assets 380581 54474 ComptrollerGeneral s Eeport Deduct Assets Not Admitted 38 Agents debit balances gross 31365 76 39 Cash advanced to or in the hands of of ficers or agents 474 53 40 Bills receivable 564 14 41 Premium notes and loans on policies and net premiums in Item 29 in excess of the net value of their policies 210 98 42 Overdue and accrued interest on bonds in default 3624 65 43 Book value of ledger assets over market value viz Bonds 3722 21 44 Outstanding nets 23043 51 45 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 1913 a9 computed on the following tables of mortality and rates of interest viz 3 Same for reversionary additions 6 Deduct net value of risks of this company reinsured in other solvent companies 8 Net reseTve 12 Claims for death losses in process of adjust ment or adjusted and not due 3000 00 13 Claims for death losses reported for which no proofs have been received 1000 00 16 Claims for death losses and other policy claims resisted by the company 1000 00 17 Claims for total and permanent disability benefits 1500 and for additional acci dental death benefits 1000 total 1015 00 19 Total policy claims 25 Commissions to agents due or accrued 27 Salaries rents office expenses bills and accounts due or accrued 28 Medical examiners fees 1394 and legal fees 235 due or accrued 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 63005 78 317575 76 41574 91 1941 88 39633 03 6015 00 518 00 1873 04 1629 00 5000 00ComptrollerGenerals Eeport 475 30 Advances by officers or others on account of expenses of organization or otherwise 917 74 31 Interest on borrowed money 128 32 32 Agents bonds 93 02 46 Capital stock 100000 00 47 Unassigned funds surplus 161768 61 48 Total 317575 76 Business in The State of Georgia During the Year 17 Policies on the lives of citizens of said State in force De cember 31 of previous year 172500 00 18 Policies on the lives of citizens of said State issued during the year 43000 00 19 Total 215500 00 20 Deduct ceased to be in force during the year 110000 00 21 Policies in force December 31 105500 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 104781 00 CITIZENS NATIONAL LIFE INSURANCE COMPANY OF ANCHORAGE KY Chas D Pearce President J W Peake Secretary ICapital Stock 1 Amount of capital paid up in cash 460883 75 2 Amount of ledger assets as per balance Dee 31 of previous year 2373340 89 3 Decrease of capital during the year 24261 25 4 Extended at 2349079 64 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 476972 for first years reinsurance 7 Total first years premiums on original policies 141537 43 141537 43 12 Total new premiums 141537 43476 ComptrollerGenerals Beport 13 Renewal premiums in addition to item 14 16 and 17 without deduction for commissions or other expenses less 9 96064 for reinsurance on renewals 436078 20 14 Dividends applied to pay renewal premiums 43729 26 16 Surrender values applied to pay renewal premiums 799 gg 17 Monthly premiums 20 088 18 18 Total renewal premiums 4 500 ggq 54 19 Extra premiums for additional accidental death benefits 986 79 20 Total premium income 543 217 75 21 Consideration for supplementary contracts not involving life contingencies 3 45q qq 24 Gross interest on mortgage loans 49 014 42 25 Gross interest on collateral loans 7566 50 26 Gross interest on bonds and dividends on stocks less 54500 accrued interest on bonds acquired during 1913 3 848 68 27 Gross interest on premium notes policy loans or liens 35126 72 28 Gross interest on deposits in trust com panies and banks 5 440 55 29 Gross interest on other debts due the com Pany 487 24 23 Gross rent from companys property in cluding 810000 for companys occu pancy of its own buildings 8 570 00 34 Total gross interest and rents 110 054 II 35 From other sources Inspection fees on mortgage loans 3439 71 37 Interest on policy conversions 73 56 38 Items awaiting advices 043 qi 44 Total income 761199 05 IIIDisbursements 1 For death claims 108579 10 4 Net amounts paid for losses and matured endowments 108579 10 5 For annuities involving life contingencies 144 82 6 Premium notes and liens voided by lapse 26 669 75 7 Surrender values paid in cash or applied in liquidation of loans or notes 35693 80iComptrollerGenerals Report 477 8 Surrender values applied to pay new premiums 799 90 11 Dividends applied to pay renewal premiums 43727 26 15 Total paid polieyholders 215614 63 16 Expense of investigation and settlement of policy claims including 88779 for legal expenses 888 79 17 Paid for claims on supplementary contracts not involving life contingencies 1031 25 20 Commissions to agents less commission on reinsurance First years premiums 6526495 renewal premiums 779249 73057 44 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 54110 75 25 Medical examiners fees 1820100 inspection of risks 483096 total 23032 92 26 Salaries and all other compensation of officers directors trustees and home office employees 76645 95 27 Rent including 810000 for companys occupancy of its own buildings 10092 85 28 Advertising 225314 printing and stationery 486478 postage telegraph telephone and express 516164 exchange 26994 total 12549 50 29 Legal expense not included in item 16 1982 09 30 Furniture fixtures and safes 1266 78 31 Repairs and expenses other than taxes on real estate 297 16 32 Taxes on real estate 7764 26 33 State taxes on premiums 3320 62 34 Insurance department licenses and fees 2742 30 35 All other licenses fees and taxes Federal corporation tax 2 64 37 Premium on stock of company held in treasury issued and not paid charged off 72783 75 39 Service contract commissions 29078 45 40 H O traveling expenses 5616 11 41 Investment expense 3496 70 42 General expense 7489 51 43 Paid intermediate agents 19435 36 44 Profit loss Stock subscribed prior to 123110 1162 96 45 Reduction in premiums with applications 383 86 46 Agents balances charged off 36206 58 48 Gross decrease by adjustment in book value of ledger assets viz Collateral loans 10000 00 Bank deposits 22667 14 49 Total disbursements 692720 55 478 ComptrollerGeneral s Eeport IVLedger Assets 1 Book value of real estate 192395 71 2 Mortgage loans on real estate 809135 30 3 Loans secured by pledge of bonds stocks or other collateral 93369 75 4 Loans made to policyholders on this com panys policies assigned as collateral 708538 56 5 Premium notes on policies in force 25113 54 6 Book value of bonds 19609375 and stocks 105000 total 197143 75 7 Cash in companys office 125 00 8 Deposits in trust companies and banks not on interest 93804 23 9 Deposits in trust companies and banks on interest 243095 49 10 Bills receivable 8744 agents balances debit 3504524 credit 235043 net 3269481 total 32782 25 11 Wayside plantation 22034 58 12 Total ledger assets 2417538 14 NonLedger Assets 13 Interest due 687451 and accrued 12 07930 on mortgages 18953 81 14 Interest accrued on bonds 3591 51 15 Interest due 12000 and accrued 1 95502 on collateral loans 2075 02 16 Interest on premium notes policy loans or liens 879 44 18 Interest on other assets Deposits 344 58 21 Total interest and rents due and accrued 25844 36 22 Market value of real estate over book value 20026 46 24 Due from other companies for losses or claims on policies of this company reinsured 970 00 29 Net amount of uncollected and deferred premiums 62840 18 31 Furniture fixtures and supplies 14823 58 32 Offset under death claim awaiting settlement 4581 08 35 Gross assets 2546623 80 Deduct Assets Not Admitted 37 Supplies stationery printed matter fur niture fixtures and safes 14823 58 38 Agents debit balances gross unsecured 31503 51ComptrollekGenerals Beport 479 40 Bills receivable 87 44 41 Premium notes and loans on policies and net premiums in Item 29 in excess of the net value of their policies 2572 82 43 Book value of ledger assets over market value viz Bonds 6381 25 45 Total 55368 60 46 Admitted assets 2491255 20 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the following tables of mortality and rates of interest viz 2 American Experience table at 3 per cent on Par Ins issues 19041910 full continu ous reserve basis 2825900 1 year prel term basis 161868700 1646946 00 3 American Experience table at 3 per cent on nonpar ins issues 1908 to 1913 full continuous reserve 1193600 mod prel term 2582500 1st year prel term 15863300 total 196394 00 4 Other tables and rates viz Reserve for premium waiver in case of permanent disability under regular life endowment policies issues 1910 to 1913 1614 00 Total 1844954 00 6 Deduct net value of risks of this company reinsured in other solvent companies 15593 00 1829361 00 7 Extra reserve for additional accidental and death benefits 498 00 8 Net reserve 1829859 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed 17026 00 12 Claims for death losses in process of ad justment or adjusted and not due 7000 00 16 Claims for death losses and other policy claims resisted by the company 4000 00 19 Total policy claims 11000 00480 COMPTROLLERGrENERALs EePORT 21 Dividends left with the company to accumulate at in terest and accrued interest thereon 2 335 01 22 Premiums paid in advance including surrender values so applied 241 43 23 Unearned interest and rent paid in advance 17 713 47 25 Commissions to agents due or accrued 1 500 00 27 Salaries rents office expenses bills and accounts due or accrued 1103 99 28 Medical examiners fees 4 939 00 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 7 034 07 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 3 147 gg 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise service contracts 26 318 14 42 Unpaid reinsurance premiums 4 403 33 43 Items awaiting advices 4 25 43 45 Other liabilities 4g0 ggg 75 46 Capital stock 107623 93 48 Total 2491255 20 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 954 2909550 00 18 Policies on the lives of citizens of said State issued during the year 959 3050500 00 19 Total 1913 5960050 00 20 Deduct ceased to be in force during the year 408 1 253 000 00 21 Policies in force December 31 i505 4 707 050 00 23 Total losses and claims incurred during year 6 19 883 59 25 Losses and claims settled during the year in cash 6 19883 59 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 405 268 28ComptrollerGeneral s Report 481 THE COLUMBIA LIFE INSURANCE COMPANY F G Cross President F B Reins Attorney for Service ICapital Stock S M Cross Secretary 1 Amount of capital paid up in cash 181700 00 2 Amount of ledger assets as per balance December 31 of previous year 3 Increase of capital during the year 4 Extended at 762280 84 260 52 762541 36 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 220202 for first years reinsurance 39620 83 8 Dividends applied to purchase paidup additions and annui ties 7 46 12 Total new premiums 13 Renewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 550949 for reinsurance on renewals 14 Dividends applied to pay renewal premiums 16 Surrender values applied to pay renewal premiums 138367 07 7756 08 151 80 39628 29 18 Total renewal premiums 146274 92 20 Total premium income 185903 21 22 Dividends left with the company to accumulate at interest 1012 38 24 Gross interest on mortgage loans 28073 98 25 Gross interest on collateral loans 1598 37 26 Gross interest on bonds and dividends on stocks 2600 00 27 Gross interest on premium notes policy loans or liens 5740 27 28 Gross interest on deposits in trust companies and banks 680 47 30 Agents balances 19 83 31 On overdue mortgage interest 178 74482 ComptrollerGenerals Eeport 32 Gross discount on claims paid in advance 61 03 33 Gross rent from companys property 458 75 34 Total gross interest and rents 36 Policy loans American L A Co s policies 37 Payments received with applications 38 Coupons to polieyholders credit 39 Health and accident department income 41 From agents balances previously charged off 44 Total income IIIDisbursements 39411 44 3967 70 2030 47 1032 92 45293 91 118 45 278770 48 1 For death claims 2 For matured endowments 37195 00 2000 00 4 Net amounts paid for losses and matured endowments 5 For annuities involving life contingencies 7 Surrender values paid in cash or applied in liquidation of loans or notes 8 Surrender values applied to pay renewal premiums 10 Dividends paid to polieyholders in cash or applied in liqui dation of loans or notes 11 Dividends applied to pay renewal premiums 13 Dividends applied to purchase paidup additions and annui ties 14 Dividends left with the company to accumulate at interest 15 Total paid polieyholders 16 Expense of investigation and settlement of policy claims in cluding 11161 for legal expense 17 Paid for claims on supplementary contracts not involving life contingencies 18 Dividends and interest thereon held on deposit surrendered during the year 20 Commissions to agents less commission on reinsurance First years premiums 1984910 renewal premiums 6 51142 total 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 24 Branch office expenses including salaries of managers and clerks not included in item 22 25 Medical examiners fees 432484 inspection of risks 72777 26 Salaries and all other compensation of officers directors trustees and home office employees 27 Eent 39195 00 85 56 14685 28 151 80 120 70 7756 05 7 46 1012 38 63014 23 374 29 550 00 378 54 26360 52 3323 72 6886 74 5052 61 28935 59 1500 00ComptrollerGenerals Report 483 28 Advertising 134769 printing and stationery 233852 postage telegraph telephone and express 159484 ex change 1450 total 29 Legal expenses not included in item 16 31 Repairs and expenses other than taxes on real estate 32 Taxes on real estate 33 State taxes on premiums 34 Insurance department licenses and fees 37 Agents licenses 38 Chattel tax 40 Discount on premiums paid in advance 41 General expense 42 Traveling expense 43 Investment expense 44 Compromise Carl Hansen 45 Health and accident department disbursements 46 Agents balances charged off 49 Total disbursements IVLedger Assets 1 Book value of real estate 23982 99 2 Mortgage loans on real estate first liens 529749 79 3 Loans secured by pledge of bonds stocks or other collateral 20445 79 4 Loans made to polieyholders on this comp any s policies assigned as collateral 96538 60 6 Book value of bonds 05442 60 7 Cash in companys office 870 15 8 Deposits in trust companies and banks not on interest 3300 44 9 Deposits in trust companies and banks on interest 28743 36 10 Bills receivable 425654 agents balances debit 1153256 credit 827 net 1152429 total 15780 83 11 Com prem loans 4059394 Sauferts fire ins prem 117 furniture and fixtures 260913 total 43320 07 12 Total ledger assets NonLedger Assets 13 Interest due 535023 and accrued 8 28054 on mortgages 13630 77 14 Interest accrued on bonds 343 33 15 Interest accrued on collateral loans 408 91 5295 55 4315 30 256 20 289 68 675 27 369 05 576 55 383 98 5 94 1250 43 4023 00 28 52 5000 00 39386 53 14904 38 213137 22 828174 62484 CompteolleeGeneeals Eepoet 16 Interest accrued on premium notes policy loans or liens 17 Interest accrued on other assets Bank de posits 940 commuted premium loans 1155109 total 20 Eents accrued on companys property or lease 177 03 11560 49 37 50 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 pol icies in force December 31 1913 less re insurance premiums 40 824 32 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsurance premiums 13879 49 27 Totals 28 Deduct loading 54703 81 15391 61 29 Net amount of uncollected and deferred premiums 35 Gross assets Deduct Assets Not Admitted 37 Supplies stationery printed matter furni ture fixtures and safes 38 Commuted commissions agents debit bal ances 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 Bonds 2609 13 11532 56 4256 54 499 68 607 60 26158 03 13017 01 2500 00 39312 20 909161 86 889656 35 46 Admitted assets VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the Ohio Insurance Department on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on interstate assurance busi ness issued 1900 and 1901 113 p62 00ComptbollebGeneeals Eepobt 485 2 American experience table at 3 per cent on interstate in surance business issued from March 1 1901 to August 31 1904 118591 00 3 American experience table at 3 per cent on the Columbia business issued from 1903 to date 4304 28 5 Net present value of annuities including those in reduc tion of premiums American experience table 3 per cent 527 00 6 Deduct net value of risks of this company reinsured in other solvent companies 8108 00 7 Extra reserve for total and permanent disability benefits 442 54 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed 6020 27 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be demanded 1525 00 12 Claims for death losses in process of adjustment or adjusted and not due 8895 00 21 Dividends left with the company to accumulate at interest and accrued interest thereon 5202 57 22 Premiums paid in advance including surrender values so applied 1586 66 23 Unearned interest and rent paid in advance 2169 25 25 Commissions to agents due or accrued 67 12 26 Cost of collection on uncollected and deferred premiums in excess of the loading thereon 1328 51 27 Salaries rents office expenses bills and accounts due or ac crued 458 43 28 Medical examiners fees and legal fees due or accrued 469 00 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 1059 08 33 Dividends or other profits due polieyholders including those contingent on payment of outstanding and deferred pre miums 834 79 37 Reserve special or surplus funds not included above H A Department unearned premiums 66614 premiums in advance 138452 claims est 144022 dividends 15928 salaries and bills 4982 taxes est 12741 total 3827 30 42 Coupons to polieyholders credit and interest accrued 1107 86 43 Payments received with applications 2030 47 46 Capital stock 181700 00 Business in the State of Georgia During the Tear No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 20 515 00486 CompteolleeGeneeals Kepoet 18 Policies on the lives of citiens of said state is sued during the year 227 5 136 50 19 Total 247 5651 50 20 Deduct ceased to be in force during the year 18 315 00 21 Policies in force December 31 229 6336 50 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 8 790 27 THE COLUMBIAN NATIONAL LIFE INSURANCE COMPANY OF BOSTON MASSACHUSETTS Arthur E Childs President William H Brown Secretary Alfred C Newell Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 1000000 00 2 Amount of ledger assets as per balance Dec 31 of previous year 8081128 67 4 Extended at 8081128 67 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 448113 for first years reinsurance 353323 77 6 Surrender values applied to pay first years premiums 269 76 7 Total first years premiums on original policies 353726 57 8 Dividends applied to purchase paid up ad ditions and annuities 269 76 9 Surrender values applied to purchase paid up insurance and annuities 28401 39 10 Consideration for original annuities involv ing life contingencies 648 00 12 Total new premiums 383 045 7213 14 16 17 18 19 20 22 24 26 27 28 30 33 34 35 37 42 43 44 1 2 3 ComptrollerGenerals Eeport 487 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 15 36994 for reinsurance on renewals 1624931 79 Dividends applied to pay renewal prem iums 38004 29 Surrender values applied to pay renewal premiums 1345 90 Renewal premiums for deferred annuities 871 51 Total renewal premiums 1665153 49 Extra premiums for total and permanent disability benefits 7275 31 Total premium income 2055474 52 Dividends left with the company to ac cumulate at interest 4446 84 Gross interest on mortgage loans 103978 56 Gross interest on bonds and dividends on stocks less 285565 accrued interest on bonds acquired during 1913 191771 48 Gross interest on premium notes policy loans or liens 61567 20 Gross interest on deposits in trust com panies and banks 6008 09 Genl interest including interest on over due premiums 940 33 Gross rent from companys property in cluding 2015462 for companys occu pancy of its own buildings 48947 65 Total gross interest and rents 413213 31 From other sources Accident and health dept 244397 79 Advance deposits 40 9j Gross profit on sale or maturity of ledger assets viz Bonds 2m7 43 Gross increase by adjustment in book value of ledger assets viz Bonds a30 24 Total income 2720541 08 IIIDisbursements For death claims 37150032 additions 274895 374249 27 For matured endowments 41519 00 For total and permanent disability claims 780 10 Net amounts paid for losses and matured endowments 416548 37488 ComptrollerGenerals Report 5 For annuities involving life contingencies 6 Premium notes and liens voided by lapse less 217431 restorations 7 Surrender values paid in cash or applied in liquidation of loans or notes 8 Surrendervalues applied to pay new premiums 40280 to pay renewal premiums 134590 total 9 Surrender values applied to purchase paidup insurance and annuities 10 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 11 Dividends applied to pay renewal premiums 13 Dividends applied to purchase paid up additions and an nuities 14 Dividends left with the company to accumulate at in terest 15 Total paid policyholders 16 Expense of investigation and settlement of policy claims including 40000 for legal expense 17 Paid for claims on supplementary contracts not involving life contingencies 19 Paid stockholders for interest or dividends 20 Commissions to agents less commissions on reinsurance First years premiums 14434192 renewal premiums 6198646 annuities original 3240 renewal 1797 total 21 Commuted renewal commissions 23 Agency supervision and travelling expenses of supervisors except compensation for home office supervision 24 Branch office expenses including salaries of managers and clerks not included in item 22 25 Medical examiners fees 3263800 inspection of risks 669144 26 Salaries and all other compensation of officers directors trustees and home office employees 27 Rent including 2015462 for companys occupancy of its own buildings less 40833 received under sublease 28 Advertising 517249 printing and stationery 2010432 postage telegraph telephone and express 1342104 exchange 75378 total 29 Legal expense not included in item 16 30 Furniture fixtures and safes 31 Repairs and expenses other than taxes on real estate 32 Taxes on real estate 33 State taxes on premiums 34 Insurance department licenses and fees 1019 56 17843 03 174989 12 1748 70 28401 39 9011 96 38004 29 269 76 4446 84 692883 02 424 35 1370 79 70000 00 206378 75 6282 34 16286 71 136687 70 39329 44 109902 84 45702 81 39451 63 3231 08 12954 83 18753 84 11107 76 26854 78 5127 98ComptrollerGeneral s Eeport 489 35 All other licenses fees and taxes State and municipal licenses and fees 1374 56 38 Personal property taxes 61 55 39 Other disbursements Home office expenses 1474187 traveling 663144 total 21373 31 41 Contribution to life ins presidents assn 460 13 42 Discount on premiums paid in advance 117 74 43 Expenses aect Colorado Natl Consolidation 1279 63 44 American Investment Securities Co 20000 00 45 General interest 906 00 46 Agents balances charged off 5906 28 47 Accident and health dept 272115 58 48 Gross decrease by adjustment in book value of ledger assets viz Bonds 8651 85 49 Total disbursements 1774977 28 IVLedger Assets 1 Book value of real estate 838542 49 2 Mortgage loans on real estate 1961862 95 4 Loans made to policyholders on this com panys policies assigned as collateral 1245254 68 5 Premium notes on policies in force 140293 08 6 Book value of bonds 432716942 and stocks 9509527 total 4422264 69 7 Cash in companys office 6583 98 8 Deposits in trust companies and banks not on interest 8101 12 9 Deposits in trust companies and banks on interest 286y493 36 10 Agents balances debit 8371518 credit 111511 net 82600 07 11 Contingent funds subject to draft by cashiers 308808 suspense act 70042 3788 50 11 Accident and health premiums in course of collection 30908 55 12 Total ledger assets 9026692 47 NonLedger Assets 13 Interest due 337723 and accrued 25 31832 on mortgages 14 Interest accrued on bonds 16 Interest due 777615 and accrued 5 84865 on premium notes policy loans or liens 28695 55 37265 39 13624 80490 CompteolleeGeneeals Bepobt 17 Interest due 92941 and accrued 58067 on other assets Bank deposits 1510 08 20 Rents accrued on companys property or lease 2428 80 21 Total interest and rents due and accrued 83524 62 25 Gross premiums due and unreported on policies in force Dee 31 1913 less reinsurance premiums 204309 86 26 Gross deferred premiums on policies in force December 31 1913 less reinsurance premiums 91075 28 27 Totals 28 Deduct loading 295385 14 47344 05 29 Net amount of uncollected and deferred premiums 248041 09 35 Gross assets 9358258 18 Deduct Assets Not Admitted 38 Agents debit balances gross 83715 IS 39 Cash advanced to or in the hands of officers or agents contingent funds 3088 08 40 Bills receivable suspense account 700 42 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 30536 61 43 Book value of ledger assets over market and amortized value viz Accident and health premiums in course of collection written prior to Oct 1st 2072 51 45 Stocks market value 1659527 bonds amortized value 609374 real estate 99562 total 23684 63 46 Admitted assets 9214460 75 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the Mass Ins Dept on the following tables of mor tality and Tates of interest viz American Experience table at 314 per cent on 7429921 00 Same for reversionary additions 4631 00ComptkolleeGenerals Report 491 5 Net present value of annuities including those in reduction of premiums Am erican Experience 3 per cent 22744 00 Total 7457296 00 6 Deduct net value of risks of this company reinsured in other solvent companies 10903 00 7 Extra reserve for total and permanent dis ability benefits 363766 and for ad ditional accidental death benefits 3637 66 8 Net reserve written basis 7450030 66 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 154390 00 10 Liability on policies cancelled and not in cluded in net reserve upon which a surrender value may be demanded 983 00 12 Claims for death losses in process of ad justment or adjusted and not due 3000 00 13 Claims for death losses reported for which no proofs have been received 500 00 14 Keserve for net death losses incurred but unreported 8791 85 16 Claims for death losses and other policy claims resisted by the company 31740 00 19 Total policy claims 44031 85 21 Dividends left with the company to accumulate at inter est and accrued interest thereon 4446 84 22 Premiums paid in advance including surrender values so applied 9914 56 23 Unearned interest and rent paid in advance 17879 37 25 Commissions to agents due or accrued 154 41 27 Salaries rents office expenses bills and accounts due or accrued 4526 53 28 Medical examiners fees 205250 and legal fees 81474 due or accrued 2867 24 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 24526 22 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and defer red premiums 2498 29 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 35 25000 00 492 ComptrollerGenerals Eepoet 42 Advance deposits with applications 40 95 43 Balance from sale at foreclosure OBrien mortgages and interest Dec 31 4 450 33 44 Accident and health dept 14g 227 01 46 Capital stock 1000000 00 47 Unassigned funds surplus 461 793 49 48 Total 9214460 75 Business in the State of Georgia During the Year 17 Policies on the lives of citizens of said State in force Dee 31 of previous year 2 427 126 00 18 Policies on the lives of citizens of said State issued during the year 983113 00 19 Total 3410239 00 20 Deduct ceased to be in force during the year 686 854 00 21 Policies in force Dec 31 2723385 00 22 Losses and claims unpaid Dec 31 of previous year 15 000 00 23 Losses and claims incurred during year n 042 00 24 Total 26042 00 25 Losses and claims settled during the year in cash 21042 00 26 Losses and claims unpaid Dec 31 5 000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 82 539 36 COMMERCIAL LIFE INSURANCE AND CASUALTY COMPANY Wm W Williamson President Robert Perrin Secretary ICapital Stock 1 Amount of capital paid up in cash 200000 00 2 Amount of ledger assets as per balance Dec 31 of previous year net J 3 Decrease of capital during the year 273248 72 100000 00 4 Extended at 173248 72ComptrollerGeneral s Beport HIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 200197 for first years reinsurance 38069 35 12 Total new Premiums 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 1 63017for reinsurance on renewals 49631 00 18 Total renewal premiums 20 Total premium income 22 Dividends left with the company to accumulate at interest 24 Gtoss interest on mortgage loans 5381 41 26 Gross interest on bonds and dividends on stocks 4397 25 27 Gross interest on premium notes policy loans or liens 524 10 28 Gross interest on deposits in trust com panies and banks 1434 32 30 Interest on agents advances 216 23 11953 31 Less interest paid on borrowed money 407 94 34 Total gross interest and rents 40 Capital account reduced 44 Total income IIIDisbursements 1 For death claims 6 Premium notes and liens voided by lapse less 12778 restorations 7 Surrender values paid in cash or applied in liquidation of loans or notes 14 Dividends left with the company to accumulate at interest 15 Total paid policyholders 16 Expense of investigation and settlement of policy claims 20 Commissions to agents less commission on reinsurance First years premiums 2200162 renewal premiums 267653 total 493 38069 35 49631 00 37700 35 152 52 11545 37 100000 00 199398 24 3500 00 666 69 909 55 t 152 52 5228 76 119 00 24678 15494 ComptbollebGenebals Kepoet 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 523 15 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 9421 51 24 Branch office expenses including salaries of managers and Clerks not included in item 22 879 00 25 Medical examiners fees 499900 inspection of risks 97840 total 5977 40 26 Salaries and all other compensation of oicers directors trustees and home office employees 14426 74 27 Bent 1884 00 28 Advertising 129407 printing and stationery 140172 postage 69927 telegraph 44492 telephone 4497 and express 118916 exchange 5007 total 3935 02 29 Legal expense not included in item 16 1083 29 30 Furniture fixtures and safes 544 50 33 State taxes on premiums 266 08 34 Insurance department licenses and fees 1029 90 35 All other licenses fees and taxes Municipal license fees and taxes 1222 26 40 Book and subscriptions to journals 100 88 41 Collection of renewal premiums other than com 1155 58 42 Traveling expenses agents and officers 463 59 43 Miscellaneous expense 443 80 46 Agents balances charged off 2808 80 47 Gross loss on sale or maturity of ledger assets viz Bonds 377 60 49 Total disbursements IVLedger Assets 2 Mortgage loans on real estate first liens 87275 00 4 Loans made to policyholders on this com panys policies assigned as collateral 4506 67 5 Premiums notes on policies in force 5129 72 6 Book value of bonds 101251 30 7 Cash in companys office 2389 84 8 Deposits in trust companies and banks not on interest 14677 75 9 Deposits in trust companies and banks on interest 48080 79 10 Agents balances debit 329799 credit 21311 net 32764 88 NonLedger Assets 13 Interest accrued on mortgages 14 Interest accrued on bonds 2192 31 12 50 76571 01 12 Total ledger assets 296075 95ComptrollerGenerates Report 495 18 Interest accrued on certificates of deposit of various banks 21 Total interest and rents due and accrued New Business 25 Gross premiums due and unreported on policies in force Dee 31 1913 less reinsurance premiums 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsurance premiums 966 04 Renewals 284 28 11449 07 587 91 27 Totals 872 19 28 Deduct loading 591 50 29 Net amount of uncollected and deferred prem iums 280 69 j 30 All other assets Furniture and fixtures 2065 13 13514 20 1604 79 11909 41 3170 85 12190 10 2168 49 35 Gross assets 313605 39 Deduct Assets Not Admitted 37 Furniture fixtures and safes 2168 49 38 Agents debit balances gross 32977 99 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 1433 52 45 Total 36580 00 46 Admitted assets 277025 39 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the following tables or mortality and rates of interest viz 2 American Experience table at 3 per Cent on modified preliminary term 803 71 6 Deduct net value of risks of this company reinsured in other solvent companies 23 34 8 Net reserve 780 37496 ComptrollerGenerals Eeport 21 Dividends left with the company to accumulate at inter est and accrued interest thereon 152 52 27 Salaries rents office expenses bills and accounts due or accrued 519 57 28 Medical examiners fees 570 00 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 795 gi 4s Ttal 1 80080 90 46 Capital stock 100000 00 47 Unassigned funds surplus 96 944 49 48 Total 277025 39 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 927 1578355 00 18 Policies on the lives of citizens of said State issued during the year 498 826323 00 19 Total 1425 2404678 00 20 Deduct ceased to be in force during the year 319 505 665 00 21 Policies in force during the year 1106 1899013 00 23 Losses and claims incurred during year 3 000 00 25 Losses and claims settled during the year by compromise 500 00 26 Losses and claims unpaid Dec 31 3 500 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 57 335 93 CONNECTICUT MUTUAL LIFE INSURANCE COMPANY OF HARTFORD CONN Home Office 36 Pearl Street Hartford Conn John M Taylor President William H Deming Secretary ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 68420996 63 4 Extended at 68420996 63COMPTROLLEBGrENERAIiS EePOKT 497 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 748805 72 6 Surrender values applied to pay first years premiums 380 08 7 Total first years premiums on original policies 749185 80 8 Dividends applied to purchase paidup ad ditions and annuities 6831 86 9 Surrender values applied to purchase paid up insurance and annuities 44165 53 10 Consideration for original annuities involv ing life contingencies 64963 29 11 Consideration for supplementary contracts involving life contingencies 3479 37 12 Total new premiums 868625 85 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses 5202007 62 14 Dividends applied to pay renewal premiums 932026 29 16 Surrender values applied to pay renewal premiums 864 98 18 Total renewal premiums 6134898 89 20 Total premium income 7003524 74 21 Consideration for supplementary contracts not involving life contingencies 36384 12 22 Dividends left with the company to accumulate at interest including 19859241 dividends left to accumulate prior to 1908 and not previously charged through disburse ments 476681 40 24 Gross interest on mortgage loans 1658241 08 26 Gross interest on bonds and dividends on stocks 1079005 71 27 Gross interest on premium notes policy loans or liens 352630 55 28 Gross interest on deposits in trust com panies and banks 23808 71 29 Gross interest on other debts due to com pany On land contracts 41005 30 30 On delay premium payments 896 12 31 On bills Rec 2380 on Def cash pay ments in real estate sales 85866 882 46 498 ComptbolleeGenebals Bepobt 32 Gross discount on claims paid in advance 96 18 33 Gross rent from companys property in cluding 3500000 for companys occu pancy of its own buildings 185 597 46 34 Total gross interest and rents 3 342 163 57 36 Unapplied payments on Land contracts 17 660 69 42 Gross profit on sale or maturity of ledger assets viz Real estate 5169537 bonds 17994 56 total 69689 93 43 Gross increase by adjustment in book value of ledger assets viz Bonds g 329 qj 44 Total income 10952434 12 IIIDisbursements 1 For death claims 4666896 00 2 For matured endowments 414 187 66 4 Net amount paid for losses and matured endowments 5 For annuities involving life contingencies 6 Premium notes and liens voided by lapse 7 Surrender values paid in cash m applied in liquidation of loans or notes 8 Surrender values applied to pay new premiums 38008 to pay renewal premiums 86498 9 Surrender values applied to purchase paid up insurance and annuities 11 Dividends paid to polieyholders in cash or applied in liquidation of loans or notes 11 Dividends applied to pay renewal premiums 13 Dividends applied to purchase paidup additions and an nuities 14 Dividends left with the company to accumulate at interest 5081083 66 23267 40 232 00 1362024 06 1245 06 44165 53 360309 94 932026 29 6831 86 278088 99 15 Total paid polieyholders a 16 Expense of investigation and settlement of policy claims including 198587 for legal expenses 17 Paid for claims on supplementary contracts not involving life contingencies 18 Dividends and interest thereon held on deposit surrender ed during the year 20 Commissions to agents less commissions on reinsurance First years premiums 28053118 Tenewal premiums 34637180 annuities original 102828 22 Compensation of managers and agents not paid by com missions for services in obtaining new insurance 8089274 79 1985 87 5801 91 314126 22 627931 26 18764 34ComptrollerGenerals Eepobt 499 23 Agency supervision and traveling expenses of super visors except compensation for home office supervision 24 Branch office expenses including salaries of managers and clerks not included in item 22 25 Medical examiners fees 5277800 inspection of risks 1051277 26 Salaries and all other compensation of officers directors trustees and home office employees 27 Bent including 3500000 for companys occupancy of its own buildings less 2000 received under sublease 28 Advertising 390565 printing and stationery 4268366 postage telegraph telephone and express 3383561 exchange 103941 29 Legal expense not included in item 16 30 Furniture fixtures and safes 31 Repairs and expenses other than taxes on real estate 32 Taxes on real estate 33 State taxes on premiums 34 Insurance department licenses and fees 35 All other licenses fees and taxes Federal corporation tax 468519 state county and municipal 263840 reserve 1286291 franchise Conn 13864915 Other disbursements Suspense account of Dec 31 1912 2135500 traveling expenses 2569292 recording and notary fees 27425 safe rent 1000 lock re pairing 9430 fire insurance on office furniture at agencies 1385 clerk hire of farm loan inspector 90000 policy paid twice 14000 total Gross loss on sale or maturity of ledger assets viz Real estate 10741267 bonds 297090 total 48 Gross decrease by adjustment in book value of ledger assets viz Bonds 39 47 11883 09 62915 45 63290 77 254995 11 64032 72 81464 33 5526 58 2742 61 99147 96 69415 36 76270 32 5775 15 158835 65 48480 32 110383 57 14611 33 49 Total disbursem ents 10187654 71 IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate 4 Loans made to polieyholders on this com panys policies assigned as collateral 5 Premium Notes on policies in f OTCe 6 Book value of bonds 2402924100 and stocks 84245925 9 Deposits in trust companies and banks on interest 10 Bills receivable 68500 agents balances debit 313763 credit 143399 net 170364 3068650 54 32330005 08 6644164 11 175386 49 24871700 25 2388 64500 CompteollebGenebal s Eepoet 11 Beal estate sold under land contract bal purchase price 795931 11 12 Total ledger assets 69185776 04 NonLedger Assets 13 Interest due 2546434 and accrued 893 37308 on mortgages 918837 42 14 Interest due 450900 and accrued 246 25730 on bonds 250766 30 16 Interest due 9846400 and accrued 5 53753 on premium notes and due 12 60511 and accrued 1783840 on policy loans or Hens 134445 04 18 Interest due 241365 and accrued 11 40706 on land contracts 13 820 71 20 Rents due 98309 and accrued 515216 on companys property or lease 6135 25 21 Total interest and rents due and accrued 1324 004 72 New Business Renewals 25 Gross premiums due and un reported on policies in force Dec 31 1913 less reinsurance premiums paid for basis 12486 79 199348 49 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsurance premiums paid for basis 97402 86 543238 70 27 Totals 109 28 Deduct 20 per cent load ing 21977 93 65 742587 19 148517 44 29 Net amount of uncollected and deferred premiums 8791172 594069 75 68198147 35 Gross assets Deduct Assets Not Admitted 71191762 23 38 Agents debit balances gross 40 Bills receivable 3137 63 685 00ComptrollerGeneral s Report 501 41 Premium notes and loans on policies and net premiums in Item 29 in excess of the net value of their policies approxi mated 2200 00 42 Overdue and accrued interest on bonds in default 6012 00 43 Book value of ledger assets over market value viz bonds and stocks 2225074 45 45 Total not admitted assets 2237109 08 46 Admitted assets 68954653 15 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31stday of December 1913 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 poli cies issued prior to April 1st 1882 and all policies issued in exchange therefor 16411061 00 2 American Experience table at 3 per cent on all other policies 47552217 00 Same for reversionary additions 16243 00 5 Net present value of annuities including those in reduction of premiums Mc Clintocks tables with 3 per cent interest 263781 77 8 Net reserve 64243302 77 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company at 3 per cent 92724 42 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded or is given by custom of the company 79412 00 11 Claims for death losses due and unpaid 12 Claims for vdeath losses in process of adjust ment or adjusted and not due 13 Claims for death losses reported for which no proofs have been received 14 Eeserve for net death losses incurred but unreported 15 Claims for matured endowments due and unpaid 28240 69 121909 33 179259 00 75000 00 2422 00502 ComptrollerGenebals Eepoet 16 Claims for death losses and other policy claims resisted by the company 10000 00 18 Due and unpaid on annuity claims involv ing life contingencies 375 60 19 Total policy claims g 21 Dividends left with the company to accumulate at interest and accrued interest thereon 22 Premiums paid in advance including surrender values so applied 23 Unearned interest and rent paid in advance Mortgage loans 43732 policy loans 13152989 25 Commissions to agents due or accrued 27 Salaries rents office expenses bills and accounts due or accrued estimated 28 Medical examiners fees 1305600 and legal fees 1 75850 inspection of risks 96900 due or accrued 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the yeaT of this statement 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 42 Surrender values credited with accrued interest 43 Suspense account unapplied payments on lalid contracts 44 Supplementary agreements 417207 62 1727859 16 25903 34 131967 21 3606 94 2500 00 15783 50 80000 00 104638 08 4132 87 17660 69 3059 23 45 Total 66949757 83 47 Unassigned funds surplus 2 004 895 32 48 Total 68954653 15 THE COSMOPOLITAN LIFE INSURANCE COMPANY OF ATLANTA GA James O Wynn President William L Pomeroy Secretary ICapital Stock 1 Amount of capital paid up in cash 128160 00 4 Extended at 128160 00ComptrollerGenerals Report IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 21252 for first years reinsurance 503 7969 32 12 Total new premiums 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 3806 for reinsurance on renewals 12710 94 14 Coupons applied to pay renewal premiums 131 54 18 Total renewal premiums 20 Total premium income 22 Coupons left with the company to accumulate at interest 24 Gross interest on mortgage loans less 3 54843 accrued interest on mortgages acquired during 1913 4937 70 26 Gross interest on bonds and dividends on stocks less 333712 accrued interest on bonds acquired during 1913 6628 55 27 Gross interest on premium notes policy loans or liens 142 o4 28 Gross interest on deposits in trust com panies and banks 172S 83 29 Gross interest on other debts due the com pany Interest collected on notes given for capital stock in Cosmopolitan Life Insurance Co policies March 11 1913 from Ins Com of Ga 3 25 31 Interest on notes given for capital stock in this company 176 64 32 Gross discount on claims paid in advance 660 00 34 Total gross interest and rents 35 From other sources Surrender value on reinsurance can celled 37 Profit in purchase of assets of Cosmopolitan Life Insur ance company from Ins Dept of Georgia 38 Profit in sale of capital stock of this company 39 Profit from other sources 41 From agents balances previously charged off 44 Total income 7909 32 12842 48 20811 80 201 00 14277 51 269 50 95965 09 125491 00 149942 53 13 97 406072 40504 CompteolleeGeneeals Eepoet IIIDisbursements 1 For death claims 3000 00 22 23 4 Net amount paid for losses and matured endowments 6 Premium notes and liens voided by lapse 11 Coupons applied to pay renewal premiums 14 Coupons left with the company to accumulate at interest 15 Total paid policyholders 16 Expense of investigation and settlement of policy claims including 10000 for legal expense 20 Commissions to agents less commission on reinsurance First years premiums 359605 renewal premiums 4648 total Compensation of managers and agents not paid by com missions for services in obtaining new insurance Agency supervision and traveling expenses of supervisors except compensation for home office supervision 25 Medical examiners fees 114500 inspection of risks 26500 total 26 Salaries and all other compensation of officers directors trustees and home office employees 27 Bent 375003 for companys home office less 82455 received under sublease 28 Advertising 157467 printing and stationery 272979 postage telegraph telephone and express 54638 ex change 7822 30 Furniture fixtures and safes 34 Insurance department licenses and fees 37 City and county licenses and fees 40 Traveling expense 41 Miscellaneous expense 42 Interest on borrowed money 46 Agents balances charged off 47 Gross loss on sale or maturity of ledger assets viz Bonds 49 Total disbursements TVLedger Assets 2 Mortgage loans on real estate first liens 12743500 other than first liens 15 15000 total 1425g5 3 Loans secured by pledge of bonds stocks 3000 0 1348 11 131 54 201 0 4680 05 100 00 3642 53 1016 85 1559 03 1410 00 13302 76 2925 48 4929 06 190 85 105 50 210 23 009 28 1749 83 1112 15 1076 85 3728 72 42349 77 or other collateral 5000 00ComptrollerGenerals Eeport 505 4 Loans made to polieyholders on this com panys policies assigned as collateral 1300 00 5 Premium notes on policies in force of which 104121 is for first years prem iums 1482 02 6 Book value of Ijonds 11223000 and stocks 270000 total 114930 00 7 Cash in Companys office 1614 96 2153 32 8 Deposits in trust companies and banks not on interest 2000 00 15027 66 9 Deposits in trust companies and banks on interest 29726 71 10 Bills receivable 11178471 agents bal ances debit 64420 credit 1611 net 62809 total 112412 80 Advertising paid in advance 50 16 11 Deferred payments on subscription to capital stock 63600 00 12 Total ledger assets 491882 63 NonLedger Assets 13 Interest due 277385 and accrued 2 28211 on mortgages 5055 96 14 Interest due 82500 and accrued 179613 on bonds 2621 13 15 Interest due on collateral loans 594 17 16 Interest accrued on premium notes policy loans or liens 12 46 17 Interest due 1296 and accrued 476884 on other assets Certificates of deposit 1048 82 18 Daily bank balance 12 22 Notes given for capital stock in the com pany 961 07 19 Deferred paymentsfor capital stock in the company 2759 69 21 Total interest and rents due and accrued 13065 52 New Business Renewals 25 Gross premiums due and un reported on policies in force Dec 31 1913 less reinsurance premiums 1288 54 506 ComptrollerGenerals Keport 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsurance premiums 569 73 268 39 27 Totals 569 73 4556 93 28 Deduct loading 377 93 375 85 29 Net amount of uncollected and deferred premiums 191 80 1181 08 30 All other assets Interest prepaid on bills payable dis continued 32 Office furniture and fixtures 33 Stationery on hand 35 Gross assets Deduct Assets Not Admitted 37 Supplies stationery printed matter 1 00000 furniture fixtures and safes 5 00000 total 6000 00 38 Agents debit balances gross 64420 644 20 40 Bills receivable m 784 71 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 586 83 44 Deferred payments on subscription to capital stock 63600 00 45 Total 46 Admitted assets VLiabilities Surplus and Other Funds 2 American Experience table at 4 per cent 10756 00 6 Deduct net value of risks of this company reinsured in other solvent companies 199 00 8 Net reserve 21 Coupons left with the company to accumulate at interest and accrued interest thereon 24 Commissions due to agents on premium notes when paid 27 Salaries rents office expenses bills and accounts due or accrued 31 Borrowed money 4435000 and interest thereon 1 04429 total 1372 88 155 00 5000 00 1000 00 512476 03 182615 74 329860 29 10557 00 208 03 365 92 742 02 45394 29 ComptrollerGenerals Keport 507 37 Reserve special or surplus funds not included above 38 To provide for possible loss on mortgage loans acquired from Cosmopolitan Life Ins Co 5394 09 9Q4 35 39 Deferred reinsurance premiums ia 42 Due the Ins Dept of Ga on purchase of Cosmopolitan LifelnsCo 9324 53 43 To further provide for adjustment of equities transferred from Cosmopolitan Life Ins Co 10000 00 44 Partial payments on subscription to capital stock 1048 63 m 83328 86 40 Total n x 4 i 128160 00 46 Capital stock J 47 ITnassigned funds surplus 118371 43 48 Total 32986029 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citizens of said State in foTCe December 31 of previous year 931 1640576 00 18 Policies on the lives of citizens of said State issued during the year 150 409750 00 19 Total 1090 2050326 00 20 Deduct ceased to be in force during the year 760 1345888 00 21 Policies in force Dec 31 330 704438 00 23 Losses and claims incurred during year 6000 00 25 Losses and claims settled during the year in cash 3 00000 by compromise 300000 6000 00 27 Premium collected ot secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 20376 58 508 ComptrollerGeneral s Eeport THE EMPIRE LIFE INSURANCE COMPANY Win W Reid President F A Hooper Attorney for Service in Georgia ICapital Stock Amount of capital repre sented in stock notes 40678 92 1 Amount of capital paid up in cash 248571 08 2 Amount of ledger assets as per balance Dec 31 of previous year 1674913 56 3 Increase of capital during the year 7 462 50 S H Rogers Secretary 4 Extended at IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 122649 36 8 Dividends applied to purchase paid up ad ditions and annuities 361 35 12 Total new premiums 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 10 51820 for reinsurance or renewals 440690 30 14 Dividends applied to pay renewal premiums 59764 15 16 Surrender values applied to pay renewal premiums 267 17 18 Total renewal premiums 20 Total premium income 4 22 Dividends left with the company to accumulate atinterest 24 Gross interest on mortgage loans 25 Gross interest on collateral loans 26 Gross interest on bonds and dividends on stocks 27 Gross interest on premium notes policy loans or liens 28 Gross interest on deposits in trust com panies and banks 1677 72 831 10 20360 00 29769 29 1045 04 1682375 06 123010 71 500721 62 623732 33 517 69ComptrollerGenerals Report 509 29 Gross interest on other debts due the com pany Stock notes and purchase money notes 5823 46 33 Gross rent from companys property 4523 28 34 Total gross interest and rents 35 Prom other sources Old company items recovered 39 Premium on sale of stock 64029 89 1645 21 33743 75 44 Total income 723668 87 IIIDisbursements 1 For death claims less 500000 reinsur ance 108169 08 3 For total and permanent disability claims 500 00 4 Net amounts paid for losses and matured endowments 108669 08 5 Payment on installment claims 27850 00 6 Premium notes and liens voided by lapse 36638 86 7 Surrender values paid in cash or applied in liquidation of loans or notes 59432 48 8 Surrender values applied to pay renewal premiums 267 17 10 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 465 12 11 Dividends applied to pay renewal premiums 59764 15 12 Sick and accident claims 2583 98 13 Dividends applied to purchase paid up additions and an nuities 361 35 14 Dividends left with the company to accumulate at in terest 517 69 15 Total paid policyholders 16 Expenses of investigation and settlement of policy claims 20 Commissions to agents less commission on reinsurance First years premiums 8010810 renewal premiums 2553376 total 22 Compensation of managers and agents not paid by com mission for service in obtaining new insurance 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 24 Branch office expenses including salaries of managers and clerks not included in item 22 25 Medical examiners fees 1239409 inspection of risks 189259 total 26 Salaries and all other compensation of officers directors trustees and home office employees 27 Rents 296549 88 2452 21 105641 86 10484 85 8671 30 6212 78 14286 68 33310 74 3628 38 510 ComptrollerGeneral s Eeport 28 Advertising 356415 printing and stationery 562847 postage telegraph telephone and express 367256 exchange 33939 total 29 Legal expense not included in item 16 31 Eepairs and expenses otheT than taxes on real estate 32 Taxes on rfeal estate and other assets 33 State taxes on premiums and city 34 Insurance department licenses and fees 35 All other licenses fees and taxes Agency license 39 Other disbursements Interest 374152 traveling ex penses 549630 actuarial and accounting 138341 state examination 123162 directors expenses 52279 miscellaneous general expense 306408 46 Agents balances charged off 47 Income certificates of Empire Life Ins Co redeemed by issue of stock 1458125 commission on stock sales 454108 salary expense stock salesman 755462 48 Adjustment surplus on stock amount of resale 8227000 claims against Empire Life Ins Co paid 2900513 49 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 collateral 4 Loans made to policyholders on this com panys policies assigned as collateral Liens 5 Premium notes on policies in force 6 Book value of bonds 10596750 and stocks 39929333 7 Cash in companys office Cash in hands of agents 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest 10 Bills receivable 15933310 agents bal ances debit 3201863 credit 82770 net 3119087 total Accts rec 11 Purchase money notes 1042512 furn and fixt 1427939 total 100289 73 14588 50 20644 38 400574 07 240544 09 39794 51 505260 83 6933 05 942 37 60368 51 170475 44 190523 97 17188 23 24704 51 13204 57 25 00 368 70 5453 17 2950 39 418 00 1956 11 15439 72 1515 68 26676 95 111275 13 660522 10 12 Total ledger assets Ledger liabilities 4731036 1792832 19ComptrollerGenerals Report NonLedger Assets 13 Interest accrued on mortgages 1973 00 14 Interest accrued on bonds 2020 00 16 Interest accrued on premium notes policy loans or liens 634 52 18 Interest accrued on deposits 5822 91 511 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 Dec 31 1913 less reinsurance premiums 7869 89 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsurance premiums 2950 99 10450 43 181151 64 30886 61 12268 45 27 Totals 28 Deduct loading 10820 88 7147 43 43155 06 9254 59 29 Net amount of uncolleeted and deferred premiums 3643 45 33900 47 37543 92 35 Gross assets 2021978 1 Deduct Assets Not Admitted 37 Furniture fixtures and safes 38 Agents debit balances 3201863 less 213358 total 39 Collateral loans 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 44 Accounts receivable 45 Cash in defunct banks 14279 39 29885 05 3978 81 159333 10 18154 51 7637 50 17188 23 1883 13 Total 46 Admitted assets 252339 72 1769638 4512 ComptbollebGeneeal s Kepobt VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the company on the following tables of mortality and rates of interest viz Total 1253569 51 6 Deduct net value of risks of this aompany reinsured in other solvent companies 15101 86 Total 1238467 65 7 Extra reserve for additional accidental death benefits 4926 90 8 Net reserve 1243394 55 9 Present value of installment claims 71 495 57 12 Claims for death losses in process of ad justment or adjusted and not due 11489 00 13 Claims for death losses reported for which no proofs have been received 4500 00 16 Claims for death losses and other policy claims resisted by the company 2500 00 17 Claims for total and permanent disability benefits 476 84 19 Total policy claims 18j965 84 21 Dividends left with the company to accumulate at interest and accrued interest thereon 2 368 04 22 Premiums paid in advance including surrender values so applied 1183 42 23 Unearned interest and rents paid in advance 8 403 94 24 Commissions due to agents on premium notes when paid 1352 93 26 Cost of collection on uncolleeted and deferred prem iums in excess of the loading thereon 211 43 27 Salaries rents office expenses bills and accounts due or accrued 1008 23 28 Medical examiners fees I99 50 32 Commission on stock sale 25 401 00 33 Dividends ot other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 4 335 26 34 Special contract dividends 15 734 55 36 Survivorship bonds fund 90 50 37 Reserve special or surplus funds not included above 38 Accounts payable 43 742 82 39 Taxes accrued on premiums 2 929 44 40 All other taxes accrued 9 913 34 42 Reinsurance premiums due and accrued 3 729 55ComptrollerGeneral s Eeport 513 43 Capital stock paid in cash 248571 08 Capital stock represented in notes 40678 92 Total 289250 00 1455494 91 44 Surplus to stockholders 184226 65 45 Total 473476 65 46 Stock notes deducted as nonadmitted in surance assets 159333 10 314143 55 48 Total 1769638 46 Business in the State of Georgia During the Year No Amount 17 Policies on lives of citizens of said state in force Dec 31 of previous year 7729 15369750 00 18 Policies on the lives of citizens of said state issued during the year 1979 3752018 50 19 Total 9708 19121768 50 20 Deduct ceased to be in force during the year 2617 4782610 00 21 Policies in force Dec 31 7091 14339158 50 22 Losses and claims unpaid December 31 of pre vious year 18 30916 00 23 Losses and claims incurred during year 62 118500 00 24 Total 80 149416 00 25 Losses and claims settled during the year 70 130927 00 26 Losses and claims unpaid December 31 10 18489 00 THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES W A Day President W Alexander Secretary 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 Dec 31 of previous year 505620953 41 4 Extended at 505620953 41514 ComptrollerGenerals Report IIIncome 5 First years premiums on original policies i without deduction for commissions or other expenses less 7314611 for first years reinsurance 5031600 06 6 Surrender values applied to pay first years premiums 7509 49 7 Total first years premiums on original policies 5039109 55 8 Dividends applied to purchase paid up ad ditions and annuities 1152540 66 10 Consideration for original annuities involv ing life contingencies 660864 74 11 Consideration for supplementary contracts involving life contingencies 394849 67 11 Consideration for disability claims 1789 71 12 Total new premiums 7249154 33 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 64569067 for reinsurance on renewals 45259081 68 14 Dividends applied to pay renewal prem iums 2532105 01 16 Surrender value applied to pay renewal premiums 40818 82 17 Renewal premiums for deferred annuities 34788 31 18 Total renewal premiums47 qq 793 g2 19 Extra premiums for total and permanent disability bene fits 25662 11 20 Total premium income 55 141 610 26 21 Consideration for supplementary contracts not involving life contingencies 414 985 51 22 Dividends left with the company to accumulate at interest 386311 98 24 Gross interest on mortgage loans less 1063952 accrued interest on mortgages acquired during 1913 4686231 86 25 Gross interest on collateral loans 13 697 22 26 Gross interest on bonds and dividends on stocks less 9594399 accrued interest on bonds acquired during 1913 12716046 53 27 Gross interest on premium notes policy loans or liens 3975903 58 28 Gross interest on deposits in trust companies and banks 248200 81ComptrollerGenerals Report 515 29 Gross interest on otheT debts due the society Agents balances 6373948 extended premiums 8021988 overdue interest on bond and mortgage loans 2 01153 overdue rents 3198 total 146002 87 32 Gross discount on claims paid in advance 1974 01 33 Gross rent from companys property including 115 83506 for companys occupancy of its own buildings 984152 42 35 From other sources Fire insurance indemnity fund 5000 00 37 United States income tax 321 27 40 Profits on Unclaimed accounts 197664 discount on supplies 78753 fees for assignments 32858 policy claim recoveries 243028 sale of furniture 44816 recoveries on old accounts 267517 total 8646 36 41 From agents balances previously charged off 17650 69 42 Gross profit on sale or maturity of ledger assets viz Real estate 62450 bonds 10005500 stocks 15 55125 total 116230 75 43 Gross increase by adjustment in book value of ledger assets viz Bonds 209518 00 44 Total income 79072484 12 IIIDisbursements 1 For death claims less 4691599 reinsur ance 1959816966 additions 387 71948 total 19985889 14 2 For matured endowments 862430507 ad ditions 2410080 total 8648405 87 3 For total and permanent disability claims 1789 71 4 Net amounts paid for losses and matured endowments 28636084 72 5 For annuities involving life contingencies 1224151 28 7 Surrender values paid in cash ot applied in liquidation of loans or notes 11521265 91 8 Surrender values applied to pay premiums 750949 to pay renewal premiums 4081882 total 48328 31 10 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 9305136 97 11 Dividends applied to pay renewal premiums 2532105 01 13 Dividends applied to purchase paid up additions and an nuities 1152540 66 14 Dividends left with the company to accumulate at interest 386311 98 15 Total paid policyholders 54805924 84 16 Expense of investigation and settlement of policy claims 22556 59 16 Premiums waived on account of disability 231 30 516 CompteolleeGenebals Eepoet 17 Paid for claims on supplementary contracts not involving life contingencies 295006 56 18 Dividends and interest thefton held on deposit surrend ered during the year 88432 78 19 Paid stockholders for interest or dividends 7000 00 20 Commissions to agents less commission on reinsurance First years premiums 225230079 renewal premiums 265083342 annuities original 2801032 renewal 153622 total 4932680 75 21 Commuted renewal commissions 161049 57 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 97975 28 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 382488 15 24 Branch office expenses including salaries of managers and clerks not included in item 22 727459 15 25 Medical examiners fees 29962937 inspection of risks 8532041 total 384949 78 26 Salaries and all other compensation of officers directors trustees and home office employees 1391174 40 27 Rent including 11302110 for companys occupancy of its own buildings less 794683 received under sub lease 477567 41 27 Bent including 11302310 for companys occupancy of 64371 postage telegraph telephone and express 18146938 exchange 170373 487028 55 29 Legal expense not included in item 16 65978 76 30 Furniture fixtures and safes 108674 57 31 Repairs and expenses other than taxes on real estate 304271 64 32 Taxes on real estate 173307 43 33 State taxes on premiums 611 634 18 34 Insurance department licenses and fees 29356 15 35 All other licenses fees and taxes 105267 00 36 Federal corporation tax 81 190 00 39 Other disbursements 239695 18 41 Foreign exchange and currency adjustment 73737 64 42 Interest on policy claims 15446 82 43 Rent deposits 1594 05 44 Deposits on account of insurance 112203 61 45 Losses policy claims 114641 rents 60531 fire 3 i 76366 total 5515 38 46 Agents balances charged off 39952 83 47 Gross loss on sale or maturity of ledger assets viz Real estate 10789 24 Bonds 138436 00 48 Gross decrease by adjustment in book value of ledger assets viz Bonds 379944 00 49 Total disbursements 66758519 59ComptrollerGenerals Eeport 517 IVLedger Assets 1 Book value of real estate 16541061 11 2 Mortgage loans on real estate first liens 109136045 77 3 Loans secured by pledge of bonds stocks or other collateral 600000 00 4 Loans made to policyholders on this com panys policies assigned as collateral 86558457 49 6 Book value of bonds 27959002200 and stocks 1747153200 total 297061554 00 7 Cash in companys offices 49066 81 8 Deposits in trust companies and banks not on interest 276813 62 9 Deposits in trust companies and banks on interest 6495171 60 10 Bills receivable 341082 agents and other balances debit 111196742 credit 94605961 net 16590781 supplies 2421954 193538 17 11 Cash in transit 1023209 31 12 Total ledger assets 517934917 94 NonLedger Assets 13 Interest due 13224724 and accrued 99455430 on mortgages 1126801 54 14 Interest due 1152983 and accrued 3 69664227 on bonds 3708172 10 15 Interest accrued on collateral loans 9000 00 16 Interest due 37970164 and accrued 62 39550 on policy loans 442097 14 17 Interest due 2747287 and accrued 8 58691 on other assets 36059 78 20 Bents due 11459975 and accrued 10 17833 on companys property or lease 124778 08 21 Total interest and rents due and accrued 5446908 64 24 Due from other companies for losses or claims on policies of this company reinsured 15259 40 25 Gross premiums due and unreported on policies in force Dec 31 1913 less re insurance premiums 3558327 49 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsurance premiums 3032707 10518 ComptkolleeGtenebal s Eepobt 27 Totals 28 Deduct loading 2350 per cent 1548893 13 29 Net amount of un collected and deferred premiums 5042141 46 31 Due from other companies for reinsurance unearned 3264 10 35 Gross assets 528442491 54 Deduct Assets Not Admitted 37 Supplies stationery printed matter 24219 54 38 Agents and other debit balances gross 1111967 42 40 Bills receivable 3410 82 43 Book value of ledger assets over market value viz Stocks i 1957274 70 45 Total 46 Admitted assets 3096872 48 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1913 as computed by the Actuary on the following tables of mortality and rates of interest viz Actuaries table at 4 per cent on issues to 1900 148561761 00 Same for reversionary additions 5063311 00 American Experience table at 3 per cent on issues 1898 to 1906 10436466 00 American Experience table at 3 per cent on issues 1895 to 1913 251330319 00 Same for reversionary additions 1483384 00 Other tables and rates viz Joint life prior to 1898 American Experience table at 4 per cent 25852500 childs endowments and survivorship assurance prior to 1898 Carlisle Experience at 4 per cent 60 33900 childs endowments annual pre mium 18981906 Carlisle Experience at 3 per cent 9852400 childs endow ments single premium 18981906 Hm table at 3 per cent 2065600 joint life 189S1906 Hm table at 3 per cent 15749100 semitropical 19101913 SesquiAmerican at 3 per cent 699 26500 tropical 19101913 double AmerComptrollerGeneral s Keport 519 iean at 3 per cent 18726600 survivor ship assurance 1906 Carlisle Experi ence at 3 per cent 978300 same for reversionary additions joint life Ameri can Experience at 4 per cent 647600 semitropical SesquiAmerican at 3 per cent 2345500 same for reversionary additions TropicalDouble American at 3 per cent 1021000 total 1531990 00 5 Net present value of annuities including those in reduction of premiums Regu lar and deferred to 1898 Actuaries Experience at 4 per eent 185439300 two life to 1898 Hm table at 4 per cent 12890800 survivorship to 1898 Car lisle Experience at 4 per cent 3119600 all nonparticipating annuities 1898 1913 McClintocks table at 3 per cent 803085000 supplementary contracts from 3 per cent policies American Ex perience table at 3 per cent 994 35700 supplementary contracts from 3 per cent policies American Experience at 3 per cent 165918500 total 12698889 00 Total 431106120 00 6 Deduct net value of risks of this company reinsured in other solvent companies 1429452 00 429676668 00 7 Extra reserve for total and permanent disability benefits 12486 00 8 Net reserve paid for basis 429689154 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the society 2591963 00 9 Present value of premiums waived on account of dis ability 171100 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 74915 31 11 Claims for death losses due and unpaid 26501 77 12 Claims foT death losses in process of ad justment and not due 138384 67 13 Claims for death losses reported for which no proofs have been received 1576005 95520 ComptrollerGenerals Report 14 Reserve for death losses incurred but un reported 450000 00 15 Claims for matured endowments due and unpaid 770233 97 16 Claims for death losses and other policy claims resisted by the company 265421 20 18 Due and unpaid on annuity claims involv ing life contingencies 32829 96 19 Total policy claims 3259377 52 20 Due and unpaid on supplementary contracts not involving life contingencies 4 493 10 21 Dividends left with the company to accumulate at interest and accrued interest thereon 667274 34 22 Premiums paid in advance including surrender values so applied 374022 90 23 Unearned interest and rent paid in advance 1796919 43 25 Commissions to agents due or accrued 130551 89 27 Salaries rents office expenses bills and accounts due or accrued 122052 05 28 Medical examiners fees 2135890 and legal fees 22 15600 due or accrued 43514 90 29 Estimated amount hereafter payable for federal state and other taxes including those based upon the busi ness of the year of this statement 888225 05 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and defer red premiums 1044641 90 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 4780000 00 35 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1914 8858794 00 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 35 60925148 00 37 Reserve special or surplus funds not included above 38 Fire insurance indemnity fund 38 323 12 39 Fire relief fund 8 391 97 40 Deposits on account of insurance 141023 25 42 United States income tax collected 321 27 45 Total515440818 00 46 Capital stock 100000 00 47 Unassigned funds surplus 9804801 06 48 Total 525345619 06COMPTEOLLEEGrENEEAL s RePOBT 521 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 6903 14388510 00 18 Policies on the lives of citizens of said state issued during the year 491 945305 00 19 Total 7394 15333815 00 20 Deduct ceased to be in force during the year 562 1225545 00 21 Policies in force Dee 31 6832 14108270 00 22 Losses and claims unpaid Dec 31 of pre vious year 14 51841 86 23 Losses and claims incurred during year 85 238663 17 24 Total 99 290505 03 25 Losses and claims settled during the year 94 274970 03 26 Losses and claims unpaid Dec 31 5 15535 00 27 Premiums collected ot secured in cash and notes or credits without any deductions for losses dividends commis sions or other expenses 460410 91 FEDERAL LIFE INSURANCE COMPANY Isaac Miller Hamilton President T W Appleby Secretary ICapital Stock 1 Amount of capital paid up in cash 300000 00 2 Amount of ledger assets as per balance Dec 31 of previous year 3092260 24 4 Extended at 3092260 24 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 686780 for first years reinsurance 144206 19522 ComptrollerGenerals Report 8 Dividends applied to purchase paid up ad ditions and annuities 68 67 9 Surrender values applied to purchase paid up insurance and annuities 2681 31 12 Total new premiums 146956 17 13 Eenewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 6 S9601 for reinsurance on renewals 530035 75 14 Dividends applied to pay renewal premiums 13940 93 18 Total renewal premiums 543976 68 19 Extra premiums for total and permanent disability benefits 34712 and for addi tional accidental death benefits 1 04138 included in life policies 1388 50 20 Total premium income 692321 35 22 Dividends left with the company to accumulate at in terest 131 21 24 Gross interest on mortgage loans less 1250 accrued interest on mortgages ac quired during 1913 43183 99 25 Gross interest on collateral loans 8646 37 26 Gross interest on bonds and dividends on stocks 18602 88 27 Gross interest on premium notes policy loans or liens 51703 97 28 Gross interest on deposits in trust com pany and banks 2629 04 29 Gross interest on other debts due the com pany Bills Tec overdue inst notes etc 10218 65 33 Gross rent from companys property in cluding 1000000 for companys occu pancy of its own buildings 37017 71 34 Total gross interest and rents 172002 61 36 Profit and loss 255 00 37 Income accident and health 67925 48 43 Gross increase by adjustment in book value of ledgeT assets viz Bonds 2500 stocks 83200 857 00 44 Total income 939492 65 IIIDisbursements 1 For death claims 168636 41 2 For matured endowments 228000 00COMPTROLLERGrENERAL S BePORT 523 3 For total and permanent disability claims 1000 00 4 Net amount paid for losses and matured endowments 397636 41 6 Premium notes and liens voided by lapse less 176257 restorations 8287 85 7 Surrender values paid in cash or applied in liquidation of loans or notes 119219 80 9 Surrender values applied to purchase paid up insurance and annuities 2681 31 10 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 26333 44 11 Dividends applied to pay renewal premiums 13940 93 13 Dividends applied to purchase paid up additions and an nuities 68 67 14 Dividends left with the company to accumulate at in terest 6131 21 15 Total paid policyholders 574299 62 16 Expense of investigation and settlement of policy claims 4598 84 17 Paid for claims on supplementary contracts not involv ing life contingencies 326 25 20 Commissions to agents less commission on reinsurance First years premiums 10233834 renewal 2005825 122396 59 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 9995 00 23 Agency supervision and traveling expenses of super visors except compensation for home office supervis ion 3824 14 24 Branch office expenses including salaries of managers and clerks not included in item 22 17725 69 25 Medical examiners fees 1022300 inspection of risks 238715 total 12610 15 26 Salaries and all other compensation of officers directors trustees and home office employees 51775 16 27 Rent including 1000000 for companys occupancy of its own buildings 10000 00 28 Advertising 868197 printing and stationery 754696 postage telegraph telephone and express 807092 exchange 71959 total 25019 44 29 Legal expense not including item 16 4729 58 30 Furniture fixtures and safes 1102 92 31 Repairs and expenses other than taxes on Teal estate 22657 58 32 Taxes on real estate 5750 26 33 State taxes on premiums 5918 63 34 Insurance department licenses and fees 2533 93 35 All other licenses fees and taxes Federal corporation tax 274 65 37 Paid oc Interstate Life Assur Co contract 18570 56524 ComptrollerGeneral s Report 40 Miscellaneous expense 5788 32 41 Actuarial expense 488 00 42 Expense on investment 273 04 43 Library 583 04 44 Disbursements ace and health dept 73962 74 48 Gross decrease by adjustment in book value of ledger assets viz Bonds 2559 35 Stocks 704 00 49 Total disbursements 978467 48 IVLedger Assets 1 Book value of real estate 474521 30 2 Mortgage loans on real estate 718993 05 3 Loans secured by pledge of bonds stocks or other collateral 115035 00 4 Loans made to policyholders on this com panys policies assigned as collateral 1169133 73 5 Premium notes on policies in force of which 292566 is for first years prem iums 28258 14 6 Book value of bonds 37050200 and stocks 1720800 total 387710 00 7 Cash in companys office 7856 78 9 Deposits in trust companies and banks on interest 120778 65 10 Bills receivable 863960 agents balances debit 1334000 credit 4593 net 13 29407 21933 67 11 Suspense act ptg fur fix library and agency 9064 49 12 Total ledger assets 3053285 41 NonLedger Assets 13 Interest due 203890 and accrued 14 03145 on mortgages 16070 35 14 Interest accrued on bonds 6969 34 15 Interest accrued on collateral loans 4027 61 16 Interest accrued on premium notes policy loans or liens 12737 50 17 Interest accrued on other assets Certifi cates of deposit in bank and bank bal ances 2382 01 21 Total interest and rents due and accrued 42 186 81COMPTROLLERGrENERAL S REPORT 525 25 Gross premiums due and unreported on policies in force Dec 31 1913 less re insurance premiums 45731 39 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsurance premiums 45806 42 27 Totals 28 Deduct loading 91537 81 25509 61 29 Net amount of uncollected and deferred premiums 66028 20 35 Gross assets 3161500 42 Deduct Assets Not Admitted 37 Supplies stationery printed matter 2 50000 furniture fixtures and safes 571457 8214 57 38 Commuted commissions 13340 00 40 Bills receivable 8639 60 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 45484 78 43 Book value of ledger assets over market value 6180 45 44 Suspense account 849 92 45 Total 82709 32 46 Admitted assets 3078791 10 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 1913 as computed by the Ins Dept of 111 on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent 2306529 00 2 American Experience table at 3 per cent 308661 00 Total 2615190 00 6 Deduct net value of risks of this company reinsured in other solvent companies 14977 00 7 Extra reserve for total and permanent dis ability benefits 22900 and for addi tional accidental death benefits 68900 included in life policies 918 60526 ComptbollebGenebals Eepoet 8 Net reserve 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the com pany 12 Claims for death losses in process of ad justment or adjusted and not due 15 Claims for matured endowments due and unpaid 16 Claims for death losses and other policy claims resisted by the company 2601131 00 2482 00 3000 00 3500 00 12360 74 19 Total policy claims 18860 74 21 Dividends left with the company to accumulate at in terest and accrued interest thereon 6263 03 22 Premiums paid in advance including surrender values so applied 2694 99 23 Unearned interest and rent paid in advance 6697 28 24 Commissions due to agents on premiums notes when paid 861 31 25 Commissions to agents due or accrued 1005 00 27 Salaries rents office expenses bills accounts due or accrued 875 00 28 Medical examiners fees 683 00 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 7380 06 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 35 76446 09 Keserve special or surplus funds not included above Coupons matured and unpaid inc int 3415 27 All other liabilities Liabilities ace and health dept 4474 2S 43 Keserved for possible liability Northern Life 7000 00 46 Capital stock 300000 00 47 Unassigned funds surplus 38255 05 48 Total 3 078 791 10 i7 38 41CoMPTEOLLEBGrENEEALS RePOET 527 2 5 9 10 11 12 13 14 15 16 17 18 THE FIDELITY MUTUAL LIFE INSURANCE COMPANY Chas Gr Hodge Secretary J H Byrley Atlanta Ga Attorney for Service ICapital Stock Amount of ledger assets as per balance Dee 31 of previous year 26656839 71 Extended at 26656839 71 IIIncome First years premiums on original policies without deduction for commissions or other expenses less 269573 for first years reinsurance 437352 2o Surrender values applied to pay first years premiums 175 21 Total first years premiums on original policies 437527 46 Dividends applied to purchase paid up ad ditions and annuities 32611 33 Surrender values applied to purchase paid up insurance and annuities 689 83 Consideration for original annuities involv ing life contingencies 5000 00 Consideration for supplementary contracts involving life contingencies 214 25 Total new premiums 476048 87 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 8 29708 for reinsurance on renewals 4139488 89 Dividends applied to pay renewal prem iums 193725 14 Dividends applied to shorten the endow ment or premiumpaying period 6606 41 Surrender values applied to pay renewal premiums 11398 42 Renewal for deferred annuities 4477 15 Total renewal premiums 4355696 01528 CompteollebGenebals Eepobt 19 Extra premiums for total and permanent disability benefits 3299228 and for ad ditional accidental death benefits 6 80512 included in life policies 39797 40 25 20 Total premiums income 21 Consideration for supplementary contracts not involving life contingencies 22 Dividends left with the company to accumulate at interest 24 Gross interest on mortgage loans less 629403 accrued interest on mortgages acquired during 1913 Gross interest on collateral loans 26 Gross interest on bonds and dividends on stocks less 50000 accrued interest on bonds acquired during 1913 27 Gross interest on premium notes policy loans or liens 28 Gross interest on deposits in trust companies and banks 29 Gross interest on other debts due the company Deferred premiums 31 Agents balances 33 Gross rent from companys property including 4000000 for companys occupancy of its own buildings 35 From other sources Policy fees 37 Commissions on mtgs 42 Gross profit on sale or maturity of ledger assets viz Bonds 43 Gross increase by adjustment in book value of ledger assets viz Bonds 4871542 28 16913 25 12834 01 565393 61 10153 07 350522 54 480090 06 S672 50 11792 42 9854 08 92837 79 87 00 1925 00 748 98 7010 98 44 Total income 6368377 57 IIIDisbursements 1 For death claims 159176793 additions 8443884 1676206 77 2 For matured endowments 5278703 ad ditions 12100 52 908 03 3 For total and permanent disability claims 149837 and for additional accidental death benefits 125000 total 2 748 37 4 Net amounts paid for losses and matured endowments 5 For annuities involving life contingencies 7 Surrender values paid in cash or applied in liquidation of loans or notes 8 Surrender values applied to pay new premiums 17521 to pay renewal premiums 1139842 9 Surrender values applied to purchase paidup insurance and annuities 1731863 17 16144 45 793829 26 11573 63 689 83ComptrollerGenerals Report 529 10 Dividends paid to polieyholders in cash or applied in liquidation of loans or notes 31744 03 11 Dividends applied to pay renewal premiums 193725 14 12 Dividends applied to shorten the endowment or premium paying period 6606 41 13 Dividends applied to purchase paid up additions and an nuities 32617 33 14 Dividends left with the company to accumulate at in terest 12834 01 15 Total paid polieyholders 2831727 26 16 Expense of investigation and settlement of policy claims including 320128 for legal expense 5340 20 17 Paid for claims on supplementary contracts not involving life contingencies 35530 32 18 Dividends and interest thereon held on deposit surren dered during the year 3600 83 20 Commissions to agents less commission on reinsurance First years premiums 18407669 renewal premiums 18809944 annuities original 25000 372426 13 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 3700 00 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 30992 98 24 Branch office expenses including salaries of managers and clerks not included in item 22 92905 21 25 Medical examiners fees 3461812 inspection of risks 1513504 total 49753 16 26 Salaries and all other compensation of officers directors trustees and home office employees 173489 76 27 Kent including 4000000 for companys occupancy of its own buildings less 79400 received under sublease 70425 56 8 Advertising 973017 printing and stationery 32 51732 postage telegraph telephone and express 21 33705 total 63584 54 29 Legal expense not included in item 16 11422 94 30 Furniture fixtures and safes 5235 50 31 Repairs and expenses other than taxes on real estate 52980 36 32 Taxes on real estate 14357 53 33 State taxes on premiums 77328 45 34 Insurance department licenses and fees 6554 60 35 All other licenses fees and taxes Federal corporation tax 5507 73 37 Muncipal licenses 1552 13 38 Personal property tax 51222 98 39 Other disbursements Miscellaneous expenses 11095 43 41 Commissions for collecting interest on mortgs 1595 89 42 Interest 511 18530 ComptrollerGenerals Eeport 47 Gross loss on sale or maturity of ledger assets viz Bonds 2454 55 48 Gross decrease by adjustment in book value of ledger assets viz Real estate 14641 26 Bonds including 240234 for amortization of prem ium 174665 79 Stocks 53352 50 49 Total disbursements 4217954 77 IVLedger Assets 1 Book value of real estate 1330169 08 2 Mortgage loans on real estate 11135605 75 3 Loans secured by pledge of bonds stocks or other collateral 186264 31 4 Loans made to policyholders on this com panys policies assigned as collateral 7882280 25 5 Premium notes on policies in force of which 9077437 is for first pears premiums 463042 15 6 Book value of bonds 686515757 and stocks 12106550 total 6986223 07 7 Cash in companys office 676 20 9 Deposits in trust companies and banks on interest 386510 98 10 Bills receivable 2837841 agents bal ances debit 41713930 credit 9 02699 net 40811231 436490 72 12 Total ledger assets 28807262 51 NonLedger Assets 13 Interest due 4155861 and accrued 185 69620 on mortgages 227254 87 14 Interest accrued on bonds 112158 90 15 Interest due 2889 and accrued 128644 on collateral loans 1315 33 10 Interest due 1875494 and accrued 57 23802 on premium notes policy loans or liens 75992 96 20 Rents due on companys property or lease 915 00 21 Total interest and rents due and accrued 417 637 06 22 Market value of real estate over book value 101 486 70 25 Gross premiums due and unreported on policies in force Dec 31 1913 less re insurance premiums 245109 55ComptbollebGeneeals Eepoet 531 26 Gross deferred premiums on policiese in force Dee 31 1913 less reinsurance premiums 27 Totals 28 Deduct loading 316100 73 561210 28i 114321 26 29 Net amount of uncollected and deferred premiums 446889 02 35 Gross assets 29773275 29 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 Bonds and stocks 417139 30 28378 41 98608 69 332756 07 46 Admitted assets 28876392 82 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1913 as computed by the Pa Ins Dept on the following tables of mortality and rates of interest viz Actuares table at 4 per cent on all poli cies issued prior to Jany 1 1901 5990736 00 American Experience table at 3 per cent on all policies issued since Jan 1 1901 except as specified in item 3 19081913 select and ultimate 13576597 00 Same for reversionary additions 79326 00 American Experience table at 3 per cent on special joint policies issued since Oct 1904 in lieu of old policies also regular limited payment policies issued since Jan 1 1907 19081913 select and ultimate 5092303 00 Net present value of annuities including those in reductionof premiums Me Clintock s 3 per cent 96345 00 American 3y2 per cent 6109100 Total 24896398 00 6 Deduct net value of risks of this company reinsured in othersolventcompanies 5530 00532 ComptrollerGenerals Report Extra reserve for total and permanent dis ability benefits 4405900 and for ad ditional accidental death benefits 4 02900 included in life policies 48088 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 in eluded in net reserve upon which a surrender value may be demanded 8116 54 12 Claims for death losses in process of ad justment 22000 00 13 Claims for death losses reported for which no proofs have been received 64 464 20 14 Eeserve for net death losses incurred but unreported 37803 13 16 Claims for death losses and other policy claims resisted by the company 25000 00 19 Total policy claims t 20 Due and unpaid on supplementary contracts not involv ing life contingencies 21 Dividends left with the company to accumulate at in terest and accrued interest thereon 22 Premiums paid in advance including surrender values so applied 23 Unearned interest and rent paid in advance 24 Commissions due to agents on premium notes when paid 27 Salaries rents office expenses bills accounts due or ac crued 28 Medical examiners fees 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 35 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1914 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 35 24938956 00 390690 57 149267 33 2342 50 36225 79 18686 21 154094 64 13392 72 5215 97 10700 00 72201 64 13744 09 275534 11 92924 46 1771669 21ComptbollebGeneeals Bepobt 533 37 Reserve special or surplus funds not included above 38 Excess interest payable in 1914 on instalment claims 3038 00 47 ITnassigned funds surplus 939593 02 48 Total 28896392 82 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 3932825 00 18 Policies on the lives of citiens of said state issued during the year 738593 00 19 Total 4671418 00 20 Deduct ceased to be in force during the year 509029 00 21 Policies in force Dec 31 4162389 00 22 Losses and claims unpaid Dec 31 of previous year 2505 80 23 Losses and claims incurred during the year 47854 75 24 Total 50360 55 25 Losses and claims settled during the year in cash 47360 55 26 Losses and claims unpaid Dec 31 3000 00 27 Premiums collected ot secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 149652 16 THE FRANKLIN LIFE INSURANCE COMPANY E 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 Dec 31 of previous year 5721260 58 4 Extended at 5721260 58 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 433612 for first years reinsurance 238078 24534 COMPTROLLEBGrENERAIis EePOET Surrender values applied to pay first years premiums 138 93 7 Total first years premiums on original policies 238217 17 8 Dividends applied to purchase paid up ad ditions and annuities 93 92 9 Surrender values applied to purchase paid up insurance and annuities 35822 53 12 Total new premiums 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 7 00824 for reinsurance on renewals 1124737 75 14 Dividends applied to pay renewal prem iums 23584 82 16 Surrender values applied to pay renewal premiums 24 00 274133 62 18 Total renewal premiums i 148 345 57 406 75 3597 66 20 Total premium income 1 422 480 19 22 Dividends left with the company to accumulate at in terest 23 Ledger assets other than premiums received from other companies for assuming their risks 24 Gross interest on mortgage loans less 8053 accrued interest on mortgages acquired during 19131 25 Gross interest on collateral loans 26 Gross interest on bonds less 8055 accru ed interest on bonds acquired during 1913 27 Gross interest on premium notes policy loans or liens 28 Gross interest on deposits in trust com panies and banks 29 Gross interest on other debts due the com pany Interest in quarterly and semi annual premiums 9 428 SO 33 Gross rent from companys property in cluding 833333 for companys occu pancy of its own buildings 8 333 33 151S22 54 12206 08 28890 58 73944 26 1052 05 34 Total gross interest aad rents 35 From other sources Federal income tax withheld 41 From agents balances previously charged off 285677 64 280 01 998 50CompteolleeGenebals Kepoet 535 43 Gross increase by adjustment in book value of ledger assets viz Bonds including 876 for accrual of discount 44 Total income IIIDisbursements 153 76 1713594 51 1 For death claims less 1000000 reinsur ance 37810242 additions 1888593 396988 35 2 For matured endowments 209450 00 4 Net amount paid for losses and matured endowments 5 For annuities involving life contingencies 6 Premium notes and liens voided by lapse less 572459 restorations 7 Surrender values paid in cash or applied in liquidation of loans or notes 8 Surrender values applied to pay new premiums 13893 to pay renewal premiums 2400 total 9 Surrender values applied to purchase paid up insurance and annuities 10 Dividends paid to polieyholders in cash or applied in liquidation of loans or notes 11 Dividends applied to pay renewal premiums 13 Dividends applied to purchase paidup additions and an nuities 14 Dividends left with the company to accumulate at in terest 15 Total paid polieyholders 16 Expense of investigation and settlement of policy claims including 29250 for legal expense 17 Paid for claims on supplementary contracts not involving life contingencies 18 Dividends and interest thereon held on deposit surren dered during the year 19 Paid stockholders for interest or dividends 20 Commissions to agents less commission on reinsurance First years premiums 13310773 renewal premiums 6356190 total 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 25 Medical examiners fees 1666080 inspection of risks 729231 606438 35 275 64 14415 47 180961 73 162 93 35822 53 58779 88 23584 82 93 92 406 75 921942 02 433 70 750 00 153 98 5000 00 196669 63 36887 47 20981 54 23953 11536 ComptbollebGeneeals Eepoet 26 Salaries and all other compensation of officers directors trustees and home office employees gg 740 37 27 Bent including 833333 for companys occupancy ofits own buildings no e ldfa5 15 28 Advertising 613332 printing and stationery 9 78586 postage telegraph telephone and express 7 53542 exchange 210948 25 564 48 29 Legal expense not included in item 16 gj85 67 30 Furniture fixtures and safes is897 35 31 Bepairs and expenses other than taxes on real estate 3128 32 32 Taxes on real estate g3g 35 33 State taxes on premiums 13 901 g 34 Insurance department licenses and fees 4 c8 35 All other licenses fees and taxes Federal corporation ow T ta 2098 4 37 Investment tax 17 38 Miscellaneous local licenses and fees 14 04 39 Other disbursements Traveling expenses 3 254 89 41 Investment expenses 471 5i 42 Miscellaneous expenses 7 756 6 43 Expense incurred acet reinsurance Inter Ocean Life and Oasuality Oo 4 P14 15 46 Agents balances charged off gsllO 83 48 Gross decrease by adjustment in book value of ledger assets viz Bonds 9 nf 49 Total disbursements 1453501 20 IVLedger Assets 1 Book value of real estate 280 000 00 2 Mortgage loans on real estate 2918150 00 3 Loans secured by pledge of bonds stocks or other collateral 236600 00 4 Loans and liens made to policyholders on this companys policies assigned as eol lateral 1574267 40 5 Premium notes on policies in force of which 2926569 is for first years premiums 58131 n 6 Book value of bonds 64267555 642 675 55 7 Cash in companys office 50 95 S Deposits in trust companies and banks not on interest 155j554 07 10 Agents balances debit 4947915 credit 221694 net 4726221 47 262 21 12 Total ledger assets 5981353 8ffComptrollerGenerals Beport NonLedger Assets 537 13 Interest accrued on mortgages 6 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 otheT assets 72913 86 10260 43 3080 52 1615 59 18 24 21 Total interest and rents due and accrued 23 Market value not including interest in Item 14 of bonds over book value 25 Gross premiums due and unreported on policies in force Dec 31 1913 less reinsurance premiums 81028 15 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsurance premiums 75929 4b 87888 64 7234 03 27 Totals 28 Deduct loading 156957 61 34633 90 29 Net amount of uncollected and deferred premiums 122323 71 35 Gross assets 6198800 27 Deduct Assets Not Admitted 38 Agents debit balances gross 49479 15 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 22654 89 46 Admitted assets 6126666 23 VLiabilities Surplus and Other Funds Net present value of all outstanding policies in force on the 31st day of Dec 1913 as computed by the Illinois Ins Dept on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on business issued prior to July 1 1907 3871865 00 2 American Experience table at 3 per cent on business issued since July 1 1907 1064530 00 Same for reversionary additions 224 00538 ComptrollerGenerals Report 5 Net present value of annuities including those in reduction of premiums Ac tuaries 4 per cent and American 3 per cent V 5423 00 Total 4942042 00 6 Deduct net value of risks of this company reinsured in other solvent companies 4866 00 7 Extra reserve for total and permanent dis ability benefits 1837 00 8 Net reserve 4939013 00 9 Present value of amount not yet due on supplementary contracts not involving life contingencies 9 421 00 13 Claims for death losses reported for which no proofs have been received 15010 34 15 Claims for matured endowments due and unpaid i000 00 16 Claims for death losses and other policy claims resisted by the company 2244 50 19 Total policy claims 18254 84 21 Dividends left with the company to accumulate at in terest and accrued interest thereon 1 545 30 22 Premiums paid in advance including surrender values so applied 6971 18 23 Unearned interest and rent paid in advance 18 359 67 24 Commissions due to agents on premium notes when paid 14 744 86 25 Commissions to agents due or accrued 4 017 02 26 Cost of collection on uncollected and deferred prem iums in excess of the loading thereon 922 82 27 Salaries rents office expenses bills and accounts due or accrued 13611 60 28 Medical examiners fees 747 qq 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 3g 3 qq 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 3 392 08 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 21972 g7 35 Diviends declared on or apportioned to deferred dividend policies payable to policyholders during 1914 61 759 81CompteolleeGeneeals Eepoet 539 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not include in item 35 424454 23 37 Reserve special or surplus funs not included above Trust fund 559 01 42 Fund held for special class of policies 111430 49 43 Fund held for all other contingensies 331171 45 46 Capital stock W 00 48 Total 6126666 23 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 2885008 00 18 Policies on the lives of citizens of said state issued dur ingtheyear 840902 00 19 Total 3725910 00 20 Deduct ceased to be in force during the year 549330 00 21 Policies in force December 31 3176580 00 22 Dosses and claims unpaid Dec 31 of previous year 2244 50 23 Losses and claims incurred during the year 20234 94 24 Total 2247944 25 Losses and claims settled during the year in cash 17234 94 26 Losses and claims unpaid December 31 5244 50 27 Premiums collected or secured in cash and Notes on credits without any deduction for losses dividends commissions or other expenses 62101 64 THE GERMANIA LITE INSURANCE COMPANY Cornelius Doremus President Carl Heye Secretary Home Office 50 Union Square New York N Y Alexander C King Attorney for Service in Georgia ICapital Stock 1 Amount of capital paid up in cash 200060 00 2 Amount of ledger assets as per balance Dec 31 of previous year 47294090 98 4 Extended at ZZZZ7 47294090 98540 CompteollebGeneeals Eepoet IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 343823 for first years reinsurance 726 912 10 8 Dividends applied to purchase paid up ad ditions and annuities 67 215 46 9 Surrender values applied to purchase paid up insurance and annuities 126684 65 10 Consideration for original annuities in volving life contingencies 8 220 50 11 Consideration for supplementary contracts involving life contingencies 1755 34 llConsideration for total and permanent disability claims allowed 734 76 12 Total new premiums 931 522 81 13 Eenewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 17 17014 for reinsurance on renewals 4820727 19 14 Dividends applied to pay renewal prem iums 418869 36 17 Eenewal premiums for deferred annuities 150 44 18 Total renewal premiums 5 239 746 99 19 Extra premiums for total and permanent disability benefits 6122 08 20 Total premium income4 g 177 39 gg 21 Consideration for supplementary contracts not involving life contingencies 32 203 60 22 Dividends left with the company to accumulate at in terest 3952 96 24 Gross interest on mortgage loans 1283662 69 26 Gross interest on bonds and dividends on stocks less 775938 accrued interest on bonds acquired during 1913 421438 69 27 Gross interest on premium notes policy loans or liens 307439 63 28 Gross interest on deposits in trust com panies and banks 7 qq 22 29 Gross interest on other debts due the com pany Advances to agents 545 13 32 Gross discount paid in advance 135 13 ComptbolleeGtenebals Eepoet 541 33 Gross rent from companys property in cluding 4834190 for companys occu pancy of its own buildings 327985 74 34 Total gross interest and rents 2349117 23 35 From other sources Policy fees 2397 03 37 Cheeks not presented for payment 86 62 38 Received in payment of bank balances not incl in assets of previous year 12 22 39 Difference between the equivalent in marks at 85 of Kr 458 82 40 Amortization of Austrian government loan and amount reported by European branch 5 46 42 Gross profit on sale or maturity of ledger assets viz Bonds 8954 60 43 Gross increase by adjustment in book value of ledger assets viz Bonds 4240 65 44 Total income 8578362 25 IIIDisbursements 1 Dor death claims 145743833 addi tions 3383757 1491275 90 2 For matured endowments 164413059 additions 2401830 1668148 89 3 For total and permanent disability claims 734 76 4 Net amounts paid for losses and matured endowments 3160159 55 5 For annuities involving life contingencies 41850 98 7 Surrender values paid in cash or applied in liquidation of loans or notes 958785 9 9 Surrender values applied to purchase paid up insurance and annuities 126684 65 10 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 412334 54 11 Dividends applied to pay renewal premiums 418869 36 13 Dividends applied to purchase paidup additions and annuities 67215 46 14 Dividends left with the company to accumulate at in terest 395296 15 Total paid policyholders 5189853 46 16 Expense of investigation and settlement of policy claims including 52555 for legal expense 1138 24 17 Paid for claims on supplementary contracts not involving life contingencies 8214 19 I714 Premiums waived by company on account of total and permanent disability of insured 103 03 542 ComptrollerGenerals Bepokt 18 Dividends and interest thereon held on deposit surrender ed during the year 1325 02 19 Paid stockholders for interest and dividends 24000 00 20 Commissions to agents less commission on reinsurance First years premiums 30296009 renewal premiums 23338264 annuities original 21805 renewal 596 536566 74 21 Commuted renewal commissions 1442 69 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 92261 84 24 Branch office expenses including salaries of managers and clerks not included in item 22 263007 00 25 Medical examiners fees 5198328 inspection of risks 861660 60599 88 26 Salaries and all other compensation of officers directors trustees and home office employees 211402 48 27 Rent including 4834190 for companys occupancy of its own buildings 48341 90 28 Advertising 1403407 printing and stationery 27 15261 postage telegraph telephone and express 40 35449 exchange 396137 total 85502 54 29 Legal expense not included in item 16 3776 61 30 Furniture fixtures and safes 10192 10 31 Repairs and expenses other than taxes on real estate 132006 31 32 Taxes on real estate 52170 J1 33 State taxes on premiums 52 810 18 34 Insurance department licenses and fees 5695 51 35 All other licenses fees and taxes Federal corporation tax 398754 municipal licenses and fees 188110 miscellaneous fees 146881 total 7337 45 39 Other disbursements Interest on loans from banks 12 91704 office supplies 837779 travelling expenses of officers and home office supl 224819 association dues 140067 legislative expenses 81470 insur ance papers 199132 office repairs 38356 ice laundry and lunches 113273 sundries 440123 33667 23 46 Agents balances charged off 17 959 28 47 Gross loss on sale or maturity of ledger assets viz Bonds 330 90 48 Gross decrease by adjustment in book value of ledger assets viz Real estate 4630000 bonds 504331 51348 31 49 Total disbursements 6891053 20 IVLedger Assets 1 Book value of real estate 4800241 47 2 Mortgage loans on real estate 27451379 20 4 Loans made to policyholders on this com panys policies assigned as collateral 5974931 86ComptrollerGenerals Report Book value of bonds 10451072 92 Cash in companys office 688 76 Deposits in trust companies and banks not on interest Deposits in trust companies and banks on interest 220761 25 543 82324 57 12 13 14 16 20 21 25 26 27 28 29 35 43 46 Total ledger assets 48981400 OS NonDedger Assets Interest due 448036 and accrued 454 33630 on mortgages 458816 66 Interest due 907443 and accrued 141 78900 on bonds 150863 43 Interest due 1144600 and accrued 22 62030 on premium notes policy loans or liens 34066 30 Rents due on companys property or lease 4301 46 Total interest and rents due and accrued 648047 85 Gross premiums due and unreported on policies in force Dec 31 1913 less reinsurance premiums 773528 00 Gross deferred premiums on policies in force Dec 31 1913 less reinsurance premiums 612169 00 Totals 1385697 00 Deduct loading 25 per cent 346424 25 Net amount of uncolleeted and deferred premiums 1039272 75 Gross assets 50668720 63 Deduct Assets Not Admitted Book value of ledger assets over market value viz Bonds 919858 59 Admitted assets 49748862 04 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the New York Ins Dept on the following tables of mor tality and rates of interest viz544 ComptrollerGenerals Eeport 2 American experience table at 3 per cent on all policies issued prior to Jan 1 1910 except policies issued through the home dept subsequent to Dec 31 1901 and prior to Jan 1 1907 and 5 per cent gold bond policies 31601972 00 Same for reversionary additions 443738 00 3 American Experience table at 3 per cent on all policies issued subsequent to Dec 31 1909 and policies included in the ex ceptions above 9941635 00 Same for reversionary additions 24893 00 5 Net present value of annuities including those in reduction of premiums American Table of Mortality with 3 per cent interest MeClintocks Annui tant table of mortality with 3 per cent interest American table of mortal ity with 3 per cent interest 435006 00 Total 42447244 00 6 Deduct net value of risks of this company reinsured in other solvent companies 78616 00 42368628 00 7 Extra reserve for total and permanent dis ability benefits 2442 00 8 Net reserve 42371070 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company oygg 93 9 Present value of future premiums waived on account of total and permanent disability of insured 734 76 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 7 7g 07 11 Claims for death losses due and unpaid 34310 89 12 Claims for death losses in process of ad justment or adjusted and not due 7308 04 13 Claims for death losses reported for which no proofs have been received 133771 14 14 Reserve for net death losses incurred but unreported 25000 00 15 Claims for matured endowments due and unpaid 37279 50 16 Claims for death losses and other policy claims resisted by the company 3380 00ComptrollerGenerals Report 18 Due and unpaid on annuity claims involv ing life contingencies 3427 97 28 29 33 19 Total policy claims 20 Due and unpaid on supplementary contracts not involving life contingencies 21 Dividends left with the company to accumulate at in terest and accrued interest thereon 22 Premiums paid in advance including surrender values so applied 23 Unearned interest and rent paid in advance 25 Commissions to agents due or accrued 27 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 1914 whether contingent upon the payment of renewal premiums or otherwise 35 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1914 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included dn item 35 37 Reserve special or surplus funds not included above 38 Extra Reserve for absolute war and world policies 39 Life annuity in lieu of renewal commission 46 Capital stock 47 Unassigned funds surplus 4 34 48 Total Business in the State of Georgia During the Year No 545 244477 54 250 00 17772 06 26626 00 83449 35 925 41 4778 31 3257 28 55539 00 169912 21 565000 00 398514 62 3494317 56 129084 26 21315 00 200000 00 1860353 68 49748862 04 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 Amount 855 1360055 20 235790 00 973 1595845 20546 ComptrollebGeneeals Eepoet 20 Deduct ceased to be in force during the year 73 134 081 20 21 Policies in force December 31 900 1461764 00 23 Losses and claims incurred during year 8 19 787 73 25 Losses and claims settled during the year in cash 6 15 787 73 26 Losses and claims unpaid Dec 31 2 4 000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 48 736 82 HOME LIFE INSUBANCE COMPANY George E Ide President Ellis W Gladion VicePresident and Secretary 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 27327513 15 4 Extended at 27327513 15 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 1722770 for first years reinsurance 8 Dividends applied to purchase paidup ad ditions and annuities 8 Natural endowments applied to purchase paidup additions and annuities 10 Consideration for original annuities involv ing life contingencies 11 Consideration for supplementary contracts involving life contingencies 397504 23 302313 75 3450 43 26784 52 9311 62 12 Total new premiums 13 Renewal premiums in addition to items 14 16 and 17 without deduction for com issions or other expenses less 5288682 for reinsurance on renewals 3137 157 57 14 Dividends applied to pay renewal premiums 195077 86 15 Dividends applied to shorten the endowment or premiumpaying period 25 56 739364 55 ComptrollerGenerals Report 547 16 17 18 19 20 31 22 24 26 27 28 30 33 34 42 43 Surrender values applied to pay renewal premiums Renewal premiums for deferred annuities 320 74 14903 79 Total renewal premiums Extra premiums for total and permanent disability benefits i Total premium income Consideration for supplementary contracts not involving life contingencies Dividends left with the company to accumulate at interest 3347485 52 1242 34 4088092 41 7354 00 12506 78 Gross interest on mortgage loans 344723 73 Gross interest on bonds and dividends on stocks less 1744063 accrued interest on bonds acquired during 1913 656152 43 Gross interest on premium notes policy loans or liens 256702 03 Gross interest on deposits in trust companies and banks 4365 45 Int on agents advance 228772 int and for extension of prem 759969 total 9887 41 Gross rent from companys property includ ing 30000 for companys occupancy of its own buildings 90878 73 Total gross interest and rents Gross profit on sale or maturity of ledger assets viz Bonds Stocks 1378 00 8141 25 Total Gross increase by adjustment in book value of ledger as sets viz Bonds including accrual of discount 1362709 78 9519 25 6945 48 44 Total income IIIDisbursements For death claims less 500000 reinsur ance 103083298 additions 223600 total 1033068 98 For matured endowments 44964800 ad ditions 23805678 total 687704 78 4 Net amounts paid for losses and matured endowments 5 For annuities involving life contingencies 7 Surrender values paid in cash or applied in liquidation of loans or notes 8 Surrender values applied to pay renewal premiums 1720773 76 46615 69 631905 95 320 74548 ComptrollerGenerals Eeport 10 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes vvvvvv 11 Dividends applied to pay renewal premiums 12 Dividends applied to shorten the endowment or premium paying period 13 Dividends applied to purchase paidup additions and annui ties 14 Dividends left with the company to accumulate at interest 15 Total paid policyholders 16 Expense of investigation and settlement of policy claims including 75690 for legal expense 17 Paid for claims on supplementary contracts not involving life contingencies 18 Dividends and interest thereon held on deposit surrendered during the year 19 Paid stockholders for interest or dividends 20 Commissions to agents less commission on reinsurance First years premiums 17825149 renewal premiums 22169799 annuities original 80718 renewal 112640 total 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 24 Branch office expenses including salaries of managers and clerks not included in item 22 25 Medical examiners fees 2693254 inspection of risks 381703 total 26 Salaries and all other compesation of officers directors trustees and home office employees 27 Eent 28 Advertising 1626302 printing and stationery 12 67680 postage telegraph telephone and express 8 65334 exchange 1393 total 29 Legal expense not included in item 16 30 Furniture fixtures and safes 31 Repairs and expenses other than taxes on real estate 32 Taxes on real estate 33 State Taxes on premiums 34 Insurance department licenses and fees 36 Federal corporation tax 37 Tax on reserves 40 Investment expenses rent of vault etc 41 Traveling expenses of officers and home office employees 42 Legislative and other expenses paid through Association of Life Insurance Presidents 43 Miscellaneous expenses 30763 06 195077 86 25 56 302313 75 12506 78 2940303 15 790 55 34959 73 3271 19 15000 00 401883 06 44259 59 87694 02 30749 57 201312 27 30000 00 37607 09 4524 44 5611 32 33545 56 16742 50 52809 37 9093 60 1129 56 2566 99 1005 72 2516 40 1245 16 3590 38ComptrollerGenerals Report 549 48 Gross decrease by adjustment in book value of ledger assets viz Real estate 50000 00 Bonds 11409 75 Total 61409 75 49 Total disbursements 4023620 97 IVLedger Assets 1 Book value of real estate 1450000 00 2 Mortgage loans on real estate first liens 6869820 00 4 Loans made to polieyholders on this com panys policies assigned as collateral 4008626 89 5 Premium notes on policies in force of which 114194 is for first years pre miums 628548 72 6 Book value of bonds 1407622125 and stocks 131845902 total 15394680 27 8 Deposits in trust companies and banks not on interest 46313 50 9 Deposits in trust companies and banks on interest 380519 90 10 Agents balances debit 960412 credit 5960 net 9544 52 11 Suspense account balance in FirstSecond National Bank Pittsburg Pa 2966 08 12 Total ledger assets 28791019 88 NonLedger Assets 13 Interest accrued on mortgages 28379 70 14 Interest accrued on bonds 195491 16 16 Interest due 1699216 and accrued 25187 on premium notes policy loans or liens 17244 03 18 Interest accrued banks and trust companies 673 79 20 Rents due 192792 and accrued 208332 on companys property or lease 4011 24 21 Total interest and rents due and accrued 245799 92 24 Due from other companies for losses or claims on policies of this company reinsured 1000 00 25 Gross premiums due and unreported on pol icies in force December 31 1913 232253 27550 CompteolleeGenebals Eepoet 26 Gross deferred premiums on policies in force December 31 1913 less reinsurance pre miums 27 Totals 28 Deduct loading 333092 80 565346 07 130281 62 29 Net amount of uncollected and deferred premiums 435064 45 35 Gross assets 29472884 25 Deduct Assets Not Admitted 9604 12 281291 02 38 Agents debit balances 44 Bonds 3772200 stocks 24355902 to tal 45 Total 290885 14 46 Admitted assets 29181999 11 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 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 en dowment and term policies with continu ous or limited premiums with or without a pure endowment or return premium feature par or nonpar issues 18601900 inclusive 10680351 00 Same for reversionary additions 188812 00 Total 10869163 00 2 American experience table at 3 per cent on same classes as above issues of 1901 1907 inclusive 9009525 00 Same for reversionary additions 2508620 00 Total 11518145 00 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 feature for issues 18941913 3486161 00 Same for reversionary additions 9529 00 Total 3495690 00ComptrollerGenerals Eeport 551 5 Net present value of annuities viz Actuaries table at 4 per cent 156547 00 American experience table at 3 per cent 275227 00 McClintocks table at 3 per cent 113129 00 Total 544903 00 Total2642790100 6 Deduct net value of risks of this company reinsured in other solvent companies 195374 00 7 Extra reserve for total and permanent disability benefits 696 00 8 Net reserve 26233223 00 9 Present value of amounts not yet due on supplementary con tracts not involving life contingencies 224473 00 10 Liability on policies cancelled and not included in net re serve upon which a surrender value may be demanded 5085 08 12 Claims for death losses in process of adjust ment or adjusted and not due 2489 95 13 Claims for death losses reported for which no proofs have been received 143013 21 14 Reserve for net death losses incurred but unreported 15000 00 15 Claims for matured endowments due and unpaid 25016 87 16 Claims for death losses and other policy claims resisted by the company 7000 00 19 Total policy claims 192520 03 21 Dividends left with the company to accumulate at interest and accrued interest thereon 38347 27 22 Premiums paid in advance including surrender values so applied 2972204 23 Unearned interest and rent paid in advance 139288 19 25 Commissions to agents due or accrued 9712 23 27 Salaries rents office expenses bills and accounts due or accrued 00 00 28 Medical examiners fees 69268 and legal fees 276378 due or accrued 3456 46 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 57000 00 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre 17624 81 miums lr 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 125000 00552 ComptrollerGenerals Eepoet 42 Present value of dividends applied to shorten premium paying period 105 53 46 Capital stock 125000 00 47 Unassigned funds surplus 1 979 941 47 48 Total 29181999 11 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 701 1839 404 00 18 Policies on the lives of citizens of said State is sued during the year 97 222528 24 19 Total 798 2061932 24 20 Deduct ceased to be in force during the year 63 145 947 24 21 Policies in force December 31 735 1915985 00 22 Losses and claims unpaid December 31 of previous year 1 1000 00 23 Losses and claims incurred during year 8 16 062 24 24 Total 9 17062 24 25 Losses and claim settled during the year in cash 8 16 062 24 26 Losses and claims unpaid December 31 1 1 000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses gl 340 INDEPENDENT LIFE INSURANCE COMPANY OF NASHVILLE TENN Home Office First Natl Bank Bldg Nashville Tenn Paul Roberts President M J McGuire Secretary ICapital Stock 1 Amount of capital paid up in cash 200935 00 2 Amount of ledger assets as per balance Dec 31 of previous year 283676 48 3 Decrease of capital during the year 8065 00 4 Extended at 274611 48ComptrollerGenerals Report 553 IIIncome 5 Eirst years premiums on original policies without deduction for commissions or other expenses 2071986 less 35613 for first years reinsurance 20363 73 12 Total new premiums 20363 73 13 Eenewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses 37 27770 less 111461 for reinsurance on renewals 36163 09 17 Renewal premiums industrial 93571 16 18 Total renewal premiums 129734 25 20 Total premium income 150097 98 23 Ledger assets other than premiums received from other companies for assuming their risks 207926 63 24 Gross interest on mortgage loans less 65242 accrued interest on mortgages acquired during 1913 6872 78 26 Gross interest on bonds and dividends on stocks less 40000 accrued interest on bonds acquired during 1913 15 16 27 Gross interest on premium notes policy loans or liens 402 21 29 Gross interest on other debts due the com pany miscellaneous 473 00 33 Gross rents from companys property in cluding 121000 for companys occu pancy of its own buildings 35849 31 34 Total gross interest and rents 43612 46 35 Prom other sources Borrowed money 800 00 37 M E Stribe 520 15 38 E L Williams 191 10 39 Surplus from stock 105000 00 40 Total 106511 25 41 Prom agents balances previously charged off 126 70 44 Total income 508275 02 IIIDisbursements 1 For death claims Ordinary 1285400 industrial 2254132 total 35395 32 554 ComptrollerGenerals Report 3 For total and permanent disability claims 300 00 35095 32 799 79 3260 07 248 45 40003 63 t 1325 00 4 Net amount paid for losses and matured endowments 6 Premium notes and liens voided by lapse 7 Surrender values paid in eash or applied in liquidation of loans or notes 11 Dividends applied to pay renewal premiums 15 Total paid policykolders 16 Expense of investigation and settlement of policy claims including 120000 for legal expenses 20 Commissions to agents less commission on reinsurance First years premiums 1419820 renewal premiums 31247 annuities original industrial premiums re newal 5840871 total 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 24 Branch office expenses including salaries of managers and clerks not included in item 22 25 Medical examiners fees 317100 inspection of risks 55250 total 26 Salaries and all other compensation of officers directors trustees and home office employees 27 Rent 28 Advertising 101374 printing and stationery 183008 postage telegraph telephone and express 73S86 exchange 90688 total 29 Legal expense not included in item 16 30 Furniture fixtures and safes 31 Repairs and expenses other than taxes on real estate 33 State taxes on premiums 34 Insurance department licenses and fees 35 All other licenses fees and taxes Federal corporation tax 3247 city state county and miscellaneous 5 24400 total 39 Other disbursements Loss in W A assets 285032 W A Liabilities paid off 1694102 Strube con tract purchase 378679 miscellaneous expenses of home office 137435 other liabilities 1912 paid off 83200 total 46 Agents balances charged off 47 Gross loss on sale or maturity of ledger assets viz Bonds 71831 stocks 5000 total 49 Total disbursements 213180 36 72919 38 4800 04 1930 46 3723 50 10214 95 1210 00 4489 56 1578 14 6629 76 22538 41 453 12 3919 80 5276 47 25784 48 5615 35 768 31 ComptbollebGeneeals Repobt 555 IVLedger Assets 1 Book value of real estate less 19500000 insumbrances 316897 84 2 Mortgage loans on real estate 9748690 other than first liens 8000 97566 90 3 Loans secured by pledge of bonds stocks or other collateral 1474 06 4 Loans made to policyholders on this com panys policies assigned as collateral 8581 65 5 Premium notes on policies in force 9635 56 6 Book value of bonds 6305000 and stocks 1411000 77160 00 7 Cash in companys office 413 78 8 Deposits in trust companies and banks not on interest 12137 78 9 Deposits in trust companies and banks on interest 12551 56 10 Bills receivable 165245 agents bal ances debit 1317692 fire policies 96800 Am Union Fire Ins Co 1 64427 total 17441 64 11 Judgment W A vs Coml Bank Trust Co 28406 93 12 Total ledger assets 509706 14 NonLedger Assets 13 Interest on mortgages 1166 63 14 Interest on bonds 193 00 15 Interest on collateral loans 72 85 16 Interest on premium notes 86 11 18 Interest judgement W A vs Coml Bank Trust Co 639 83 20 Bents on companys property or lease 6419 16 21 Total interest and rents due and accrued 8577 58 23 Market value not including interest in item 14 of bonds and stocks over book value 400 00 24 Due from other companies for losses or claims on policies of this company reinsured W A 343 56 New Business Renewals 25 Gross premiums due and unreported on policies in force Dec 31 1913 less reinsurance premiums 154 59 2660 96 556 ComptbollebGeneeals Eepoet 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsurance 1163 91 3491 36 5493 2500 4429 7179 27 Totals Deduct loading 1318 1054 50 80 6152 922 32 84 29 30 31 Net amount of uncollected and deferred premiums All other assets Stationery 263 and ptg 70 5229 48 18 00 Oil 33 Rfl 35 598629 35 Deduct Assets Not Admitted 37 Supplies stationery printed matter 2 50000 furniture fixtures and safes 1160889 total 14108 89 38 Agents debit balances gross 13176 92 40 Loans or personal security 1653 45 41 Premium notes and loans on policies and net premiums in Item 29 in excess of the net value of their policies 5423 00 45 Total 46 Admitted assets 34361 26 564 268 09 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1913 as computed by the fol lowing tables of mortality and rates of interest viz 2 American Experience table at 32 per cent on 1908910111213 ordinary risks 76956 51 3 American Experience table at 32 per cent on 1908910111213 industrial risks 27273 68 Total 104230 19 6 Deduct net value of risks of this com pany reinsured in other solvent com panies 2164 43 8 Net reserve 27 Salaries rents office expenses bills and accounts due or accrued 102065 76 3113 97ComptbolleeGeneeals Eepoet 28 legal fees 31 Borrowed money 37 Reserve special or surplus funds not included above W A liabilities 3110000 E L Williams 19110 Strube contract 979625 total 45 Total 46 Capital stock 47 Unassigned funds surplus 48 Total 557 507 t0 875 00 41087 35 147649 08 200935 00 215684 01 564268 09 ILLINOIS LIFE INSURANCE COMPANY James W Stevens President Oswald J Arnold Secretary James C Tumlin Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 500000 00 4 Extended at 9318914 03 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 822031 for first years reinsurance 395243 88 8 Dividends applied to purchase paidup addi tions and annuities 1965 56 9 Surrender values applied to purchase paid up insurance and annuities 26743 56 12 Total new premiums 423953 00 13 Eenewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 3236349 for reinsurance on renewals 1633494 92 14 Dividends applied to pay renewal premiums 14854 41 18 Total renewal premiums 1648349 33 20 Total premium income 2072302 33 21 Consideration for supplementary contracts not involving life contingencies 15066 24 Gross interest on mortgage loans less 2 04277 accrued interest on mortgages ac558 ComptrollerGenebals Beport 25 26 27 quired during 1913 82658 26 Gross interest on collateral loans 83836 98 Gross interest on bonds and dividends on stocks less 1213 33 accrued interest on bonds acquired during 1913 173501 67 Gross interest on premium notes policy loans or liens 98889 46 28 Grossinterest on deposits in trust companies and banks 3331 89 30 Interest deferred premiums 13432 55 32 Gross discount on claims paid in advance 89 17 33 Gross rent from companys property 51790 00 34 Total gross interest and rents 507 529 98 42 Gross profit on sale or maturity of ledger assets viz Bonds 42 55 43 Gross increase by adjustment in book value of ledger as sets viz Bonds including accrual of discount 63 00 44 Total income 2595003 87 IIIDisbursements 1 Tor death claims less 2095835 reinsur ance 60177483 additions 1798408 total 619758 91 2 For matured endowments 4252710 addi tions 107500 total 43602 17 4 Net amounts paid for losses and matured endowments 5 For annuities involving life contingencies 6 Premium notes and liens voided by lapse 7 Surrender values paid in cash or applied in liquidation of loans or notes 8 Purchased rev additions 9 Surrender values applied to purchase paidup insurance and annuities 10 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes 11 Dividends applied to pay renewal premiums 12 Interest gold bonds 13 Dividends applied to purchase paidup additions and annui ties 15 Total paid policyholderst 16 Expense of investigation and settlement of policy claims in cluding 137 for legal expense 17 Paid for claims on supplementary contracts not involving life contingencies 19 Paid stockholders for interest or dividends 663361 OS 939 65 20191 70 250216 77 614 56 26743 56 21255 19 14854 41 570 85 1965 56 1000713 33 1523 96 3852 84 46750 00ComptrollerGenerals Eeport 559 20 Commissions to agents less commission on reinsurance First years premiums 25385283 renewal premiums 9884465 bonus 1995673 total 372654 21 22 Compensation of managers and agents not paid by commis sion for services in obtaining new insurance 11541 67 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 10465 28 24 Branch office expenses including salaries of managers and clerks not included in item 22 12166 58 25 Medical examiners fees 2731594 inspection of risks 709600 total 34411 94 26 Salaries and all other compensation of officers directors trustees and home office employees 130993 94 27 Rent 22111 03 28 Advertising 1755916 printing and stationery 16 18755 postage telegraph telephone and express 10 53866 exchange 143058 total 45715 95 29 Legal expense not included in item 16 6360 91 30 Furniture fixtures and safes 4325 26 31 Repairs and expenses other than taxes on real estate 7322 19 32 Taxes on real estate 1296 58 33 State taxes on premiums 6108 92 34 Insurance department licenses and fees 2894 31 36 Personal tax 592 74 37 Collection of premiums 2316 60 38 Municipal licenses 262 88 41 Incidental expense 5017 13 42 Legislative expense 374 62 43 Investment expense 55 45 44 Association Life Insurance Presidents 528 29 47 Gross loss on sale or maturity of ledger assets vi Bonds 50 60 48 Gross decrease by adjustment in book value of ledger as sets viz Bonds for amortization of premium 830 30 49 Total disbursements 1731237 60 IVLedger Assets 1 Book value of real estate 1020385 22 2 Mortgage loans on real estate first liens 1513391 28 3 Loans secured by pledge of bonds stocks and other collateral 1730067 50 4 Loans made to policyholders on this com panys policies assigned as collateral 1920760 92 5 Premium notes on policies in force 3510 64 6 Book value of bonds 119844187 and stocks 255402396 total 3752465 83 7 Cash in companys office 13967 79 9 Deposits in trust companies and banks on interest 62639 21560 CompteolleeGenebals Eepoet 10 Agents balances debit 16424589 credit 175398 net 162491 91 12 Total ledger assets 10182680 3a NonLedger Assets 13 Interest due 260692 and accrued 21 35274 on mortgages 23959 66 14 Interest accrued on bonds 8050 84 15 Interest accrued on collateral loans 19056 42 16 Interest accrued on premium notes policy loans or liens 8249 77 17 Interest accrued on other assets 504 81 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 policies of this company reinsured New Business Renewals 25 Gross premiums due and un reported on policies in force December 31 1913 less reinsurance pre miums 5040 74 224792 03 26 Gross deferred premiums on policies in force Decem ber 31 1913 less rein surance premiums 7500 06 135434 77 27 Totals 12540 80 360226 80 28 Deduct loading 9901 87 43730 77 29 Net amount of uncollected and deferred premiums 2638 93 316496 03 59821 50 76114 78 217139 GT 2161 60 319134 96 35 Gross assets 10857052 81 Deduct Assets Not Admitted 38 Agents debit balances gross 164245 89 41 Premium notes and loans on policies and net premiums in Item 29 in excess of the net value of their policies 29046 84 44 Total 46 Admitted assets 193292 73 10663760 08CompteolleeGenebals Eepoet 561 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the Illinois Insurance Department on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on policies is sued prior to July 1st 1907 7224819 00 Same for reversionary additions 54218 00 Total 7279037 0 2 American experience table at 3 per cent on policies issued subsequent to July 1st 1907 1813723 00 Same for reversionary additions 100060 00 Total 1913783 00 5 Net present value of annuities 1881 00 Total 919470100 6 Deducet net value of risks of this company reinsured in other solvent companies 37903 00 8 Net reserve written basis 9156798 00 9 Present value of amounts not yet due on supplementary con tracts not involving life contingencies computed by the company 40107 32 12 Claims for death losses in process of ad justment 10499 02 13 Claims for death losses reported for which no proofs have been received including 326515 reported in 1914 50823 73 16 Claims for death losses and other policy claims resisted by the company 11000 00 19 Total policy claims 72322 75 22 Premiums paid in advance including surrender values so applied II489 78 23 Unearned interest and rent paid in advance 29204 29 27 Salaries rents office expenses bills and accounts due or accrued 9829 I6 28 Medical examiners fees 319144 and legal fees 428 due or accrued 3619 44 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 15396 91 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre miums 11476 1562 CompteolleeGenebals Eepobt 34 Dividends declared on or apportioned to annual dividend policies payable to polieyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 19479 18 35 Dividends declared on or apportioned to deferred dividend policies payable to polieyholders during 1914 31943 69 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon optional endowment policies not included in Item 35 113645 25 38 Special reserves to cover annuity credits available on future premiums 3252 68 40 Special reserves to cover credits on reinsured policies 3294 35 41 All other liabilities Aggregate of accumulated survivorship investment funds helds awaiting apportionment upon sur vivorship investment and survivorship bonus policies in accordance with the terms thereof 181 425 94 46 Capital stock SOooOO 00 47 Unassigned funds surplus 4qq 475 22 48 Total 10663760 08 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citiens of said State in force December 31 of previous year 2174 3475567 00 18 Policies on the lives of citiens pf said State is sued during the year 462 1003020 00 19 Total 2636 4478587 00 20 Deduct ceased to be in force during the year 495 1102 285 00 21 Policies in force December 31 2141 3376302 00 22 Losses and claims unpaid December 31 of previous year 4 8089 28 23 Losses and claims incurred during year 18 31 484 57 24 Total 22 39573 85 25 Losses and claims settled during the year in cash 3226085 by compromise 25000 total 20 32510 85 26 Losses and claims unpaid December 31 2 7 063 00 27 Premiums collected or secured in cash and notoes or credits without any deduction for losses dividends commissions or other expenses 35 549 52CompteolleeGtenebals Bepobt 563 INDIANA NATIONAL LIFE INSURANCE COMPANY OF INDIANAPOLIS IND C D Beniek President C B Marshall Secretary 3 ICapital Stock Amount of capital paid up in cash 366880 00 Amount of ledger assetsas per balance Dec 31 of previous year 601745 67 Increase of capital during the year 46180 00 4 Extended at 647925 67 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 2303 for first year s reinsurance 117304 19 12 Total new premiums 117304 19 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 28819 for reinsurance on renewals 135237 53 14 Dividends applied to pay renewal prem iums 8184 55 18 Total renewal premiums 143422 08 20 Total premium income 260726 27 24 Gross interest on mortgage loans less 29054 accrued interest on mortgages acquired during 1913 10731 35 26 Gross interest on bonds and dividends on stocks less 687 accrued interest on bonds acquired during 1913 246 95 27 Gross interest on premium notes policy loans or liens 3742 80 28 Gross interest on deposits in trust com panies and banks 2062 59 29 Gross interest on other debts due the com pany Int on stock notes 158 16564 ComptrollebGeneeals Eepoet 33 Gross rent from companys property in cluding 300000 for companys occu pancy of its own buildings 8917 05 34 Total gross interest and rents 35 From other sources Stock option 49900 surplus 8 19500 investment expense 2220 voluntary con tribution 2000000 total 43 Gross increase by adjustment in book value of ledger assets viz Eeal estate 44 Total income IIIDisbursements 1 For death claims less 500000 reinsur ance 56537 15 4 Net amounts paid for losses and matured endowments 6 Premium notes and liens voided by lapse less 29360 restorations 7 Surrender values paid in cash or applied in liquidation of loans or notes 10 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 11 Dividends applied to pay renewal premiums 12 Dividends applied to shorten the endowment or premium paying period prems returned 15 Total paid policyholders 16 Expense of investigation and settlement of policy claims 19 Paid stockholders for interest or dividends 20 Commissions to agents less commission on reinsurance First years premiums 11134460 renewal premiums 614055 total 23 Agency supervision and traveling expenses of super visors except compensation for home office supervis ion 25 Medical examiners fees 623200 inspection of risks 98088 26 Salaries and all other compensation of officers directors trustees and home office employees 27 Rents 28 Advertising 152485 printing and stationery 168394 postage telegraph telephone and express 141639 exchange 1605 29 Legal expense not included in item 16 31 Repairs and expenses other than taxes on real estate 25858 90 28716 20 56430 98 371732 35 56537 15 4622 99 20703 82 53 17 8184 53 32 79 90134 47 1124 92 20044 75 117485 15 4761 58 7212 88 14864 75 3000 00 4641 23 525 00 3476 38ComptrollerGenerals Report 565 32 Taxes on real estate 33 State taxes on premiums 34 Insurance department licenses and fees 35 All other licenses fees and taxes Federal corporation tax 37 Municipal licenses etc 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 Loans made to policyholders on this com panys 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 Bills receivable 500 agents balances debit 1035121 credit 617073 net 419048 Furniture and fixtures 10 11 275000 00 314513 00 6854 99 59510 74 17748 23 8992 08 781 25 42487 13 12877 32 4185 48 5079 47 21 Total interest and rents due and accrued 25 Gross premiums due unreported on policies in force Dec 31 1913 less reinsurance premiums 28 Deduct loading V New Business and Eenewals 2240 84 709 18 348 90 195 95 862 35 49 Total disbursements 271628 33 12 Total ledger assets 748029 69 NonLedger Assets 13 Interest on mortgages 5442 11 14 Interest on bonds 155 32 15 Interest on C D s 227 51 16 Interest on premium notes policy loans or liens 292 45 17 Interest due on other assets Stock notes 290 10 18 Unearned premiums on fire ins 83 83 20 Rents 46 20 17226 99 12097 95 38440 23 3844 03 6537 52566 ComptrollerGenerals Beport 29 Net amount of uneollected and deferred premiums 5229 04 34596 20 35 Gross assets 39825 24 794392 45 Deduct Assets Not Admitted 37 Supplies stationery printed matter 5079 47 38 Agents debit balances gross 10351 21 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 7723 02 44 Total 46 Admitted assets VLiabilities Surplus and Other Funds 23153 7ff 771238 75h Net present value of all the outstanding policies in force on the 31st day of Dec 1913 as computed by the fol lowing tables of mortality and rates of interest viz 2 American Experience table at 3 per cent 46456 83 3 American Experience table at 3 per cent 315759 74 Total 362216 57 6 Deduct net value of risks of this company reinsured in other solvent companies 7 Extra reserve for total and permanent dis ability benefits 321 28 361895 29 1551 81 8 Net reserve 12 Claims for death losses in process of ad justment or adjusted and not due 363447 10 3000 00 19 Total policy claims 21 Dividends left with the company to accumulate at in terest and accrued interest thereon 22 Premiums paid in advance including surrender values so applied 23 Unearned interest and rents paid in advance 27 Salaries rents office expenses bills and accounts due or accrued 28 Medical examiners fees 3000 0T 0087 18 549 17 1250 oo 250 00 482 Off CompteolleeGeneeals Repoet 567 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement i 366880 00 46 Capital stock v 227Q4 gl 47 Unassigned funds surplus 771238 75 48 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 81 ioyuuu 18 Policies en the lives of citizens of said state issued during the year 16 214 405500 00 19 Total Q np npi 20 Deduct ceased to be in force during the year 43 aUUU t ai 171 318500 00 21 Policies in force Dec 31 1 23 Losses and claims incurred during year i 25 Losses and claims settled during year in cash 1 luuu 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis n ioQ 9193 o sions or other expenses INTERNATIONAL LIFE INSUKANCE COMPANY Home Office St Louis Missouri Massey Wilson President W P Grantges Secretary H W Campbell Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 525000 00 2 Amount of ledger assets as per balance December 31 of previous year 2405661 82 3 Increase of capital during the year 195000 00 4 Extended at 2600661 82568 ComptbollebGenebals Repoet IIIncome First years premiums on original policies without deduction for commissions or other expenses less 327578 for first years reinsurance Dividends applied to purchase paidup ad ditions and annuities 259980 88 67 05 12 Total new premiums 13 Renewal premiums in addition to ites 14 15 and 17 without deduction for com missions or other expenses less 1617086 for reinsurance on renewals 14 Dividends applied to pay renewal premiums 16 Surrender values applied to pay renewal pre miums 260047 9 897541 96 96893 38 1 50 18 Total renewal premiums 994 435 g 19 Extra premiums for temporary disability benefits 41917 and for additional accidental death benefits 5800 in cluded in life policies 477 17 20 Total premium income 22 Dividends left with the company to accumulate at interest 23 Ledger assets other than premiums received from other companies for assuming their risks 24 Gross interest on mortgage loans less 98418 accrued interest on mortgages ac quired during 1913 25 Gross interest on collateral loans 26 Gross interest on bonds and dividends on stocks less 65333 accrued interest on bonds acquired during 1913 27 Gross interest on premium notes policy loans or liens 28 Gross interest on deposits in trust companies and banks 29 Gross interest on other debts due the com pany 1254961 94 64124 21 475908 85 111262 15 6428 27 12914 43 21718 24 4573 04 371 85 34 Total gross interest and rentsj 36 Refund on contracts for purchase of other companies 37 Miscellaneous suspense 41 From agents balances previously charged off 42 Gross profit on sale or maturity of ledger assets viz Bills receivable 157267 98 19898 02 1643 53 11463 Off 341 66 44 Total income ij985609 19ComptrollerGenerals Eeport IIIDisbursements 569 1 For death claims less 11400 reinsurance 172261 04 net 3 For total and permanent disability claims 160861 04 85 08 4 Net amounts paid for losses and matured endowments 5 For annuities involving life contingencies 6 Liens voided by lapse 7 Surrender values paid in cash or applied in liquidation of loans or notes 8 Surrender values applied to pay renewal premiums 10 Dividends paid to policyholders in cash or applied in liqui dation of loans or notoes 11 Dividends applied to pay renewal premiums 12 Paid on health and accident claims Special income 13 Dividends applied to purchase paidup additions and annui ties 140 Dividends left with the company to accumulate at interest 17 18 19 20 28 29 160946 12 220 00 7272 69 105760 59 1 50 7391 99 96893 38 165 71 14715 75 67 05 64124 21 15 Total paid policyholders 457558 99 16 Expense of investigation and settlement of policy claims including 595525 for legal expense 6152 69 Paid for claims on supplementary contracts not involving life contingencies 310 00 Dividends and interest thereon held on deposit surrendered during the year 6442 99 Paid stockholders for interest or dividends 133187 66 Commissions to agents less commission on reinsurance First years premiums 20036073 renewal premiums 2797152 total 228332 25 22 Compensation of managers and agents not paid by commis sion for services in obtaining new insurance 12585 70 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 13379 87 25 Medical examiners fees 1789860 inspection of risks 514609 total 23044 69 26 Salaries and all other compensation of officers directors trustees and home office employees 71094 54 27 Bent including 850755 for companys occupancy of its own buildings less 192367 received under sublease 6583 88 Advertising 789789 printing and stationery 1112411 postage telegraph telephone and express 1001824 ex change 111508 total 30155 32 Legal expense not included in item 16 15862 72 30 Furniture fixtures and safes 3145 56 31 Mortgage loan expense 3409 47 33 State taxes on premiums 11472 82570 ComptbollebGenebals Repobt 34 Insurance department licenses and fees 11178 35 37 Municipal licenses 574 88 38 Other licenses and taxes 468 65 40 Paid to retire stock of reinsured companies 31714 64 41 Interest on bills payable 7168 31 42 Suspense 500 48 43 Prizes for agents contest 434 35 44 Miscellaneous and incidental expense 5596 18 45 Traveling expense 4208 05 47 Gross loss on sale or maturity of ledger assets viz Bonds 181 75 Bills receivable 25 00 49 Total disbursements 1084769 79 IVLedger Assets 1 Book value of real estate 3718 18 2 Mortgage loans on real estate 2348699 10 3 Loans secured by pledge of bonds stocks and other collateral 61703 22 4 Loans made to policyholders on this com panys policies assigned as collateral 378076 83 5 Premium notes on policies in force 39386 12 6 Book value of bonds 395478 00 7 Cash in companys office 1117 66 8 Deposits in trust companies and banks not on interest 16122 67 Certificates of deposit 40074 21 9 Deposits in trust companies and banks on interest 104504 65 10 Bills receivable 1123707 agents bal ances debit 9976270 credit 1 87919 net 9788351 total 109120 58 11 For purchase of mortgage loans 3500 00 12 Total ledger assets 3501501 22 NonLedger Assets 13 Interest accrued on mortgages 55401 60 14 Interest accrued on bonds 6 964 04 15 Interest accrued on collateral loans 1353 65 16 Interest accrued on premium notes policy loans or liens gis 53 17 Interest accrued on other assets 1205 43 21 Total interest and rents due and accrued 65 540 25CompteolleeGenebals Repoet 571 New Business Renewals 25 Gross premiums due and un reported on policies in force December 31 1913 less reinsurance pre miums 26 Gross deferred premiums on policies in force Decem ber 31 1913 less rein surance premiums 30055 20 52092 77 2810 94 17454 76 27 Totals 32866 14 28 Deduct loading 22671 99 69547 53 6927 62 29 Net amount of uncollected and deferred premiums 10194 15 62619 91 72814 06 35 Gross assets 3639855 53 Deduct Assets Not Admitted 38 Agents debit balances 40 Bills receivable 41 Premium notes and loans on policies and net premiums in Itetm 29 in excess of the net value of their policies 42 Cash in litigation 44 Bonds 216300 collateral loans 15 65000 total 99762 70 10372 28 8548 80 210 00 17813 00 46 Admitted assets 3503148 75 VLiabilities Surplus and Other Funds 2 American experience table at 3 per cent on all forms 5 Net present value of annuities including ing those in reduction of premiums 136 00 Premiums waived under total and perma nent disability benefit 616 00 2256983 00 Total 752 00 Total 6 Deduct net value of risks of this company reinsured in other solvent companies 7 Extra reserve for total and permanent disability benefits 47983 and for additional accidental benefits 274 included in life policies 11130 00 48257 00572 ComptrollerGenerals Beport 8 Net reserve 2294862 Off 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the actuary 7616 co 12 Claims for death losses in process of ad justment oradjusted and not due 1900 00 13 Claims for death losses reported for which no proofs have been received 8000 00 16 Claims for death losses and other policy claims resisted by the company 4000 00 19 Total policy claims 13 qqq qj 21 Dividends left with the company to accumulate at interest and accrued interest thereon 179 434 5g 22 Premiums paid in advance including surrender values so applied 4192 04 23 Unearned interest in advance n 183 jj 24 Commissions due to agents on premium notes when paid 1000 00 26 Cost of collection on uncollected and deferred premiums in excess of the loading thereon 1 711 35 27 Salaries rents office expenses bills and accounts due or aeerued 2000 00 28 Medical examiners fees 162150 and legal fees 7500 inspection 345 due or accrued 9 466 50 29 Estimated amount hereafter payable for federal statet and other taxes based upon the business of the year of this statment 52676 23 32 Unpaid dividends to stockholders 19 713 52 38 Stockholders dividend account 7500 00 42 Advance and partial payments miscellaneous suspense 4328 79 43 Special income ig q00 or 45 Total 2692134 42 46 Capital stock 525000 00 47 Unassigned funds surplus 286 014 33 48 Total 3503148 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 869 1464 906 00 18 Policies on the lives of citizens of said State issued during the year 140 236043 00 9 Total 1009 1700949 00 20 Deduct ceased to be in force during the year 298 470 155 00CompteollebGenebals Repobt 573 21 Policies in force December 31 1913 711 1230794 00 22 Losses and claims unpaid December 31 of previous year 2 4000 00 23 Losses and claims incurred during year 7 10000 00 24 Total 10 14000 00 25 Losses and claims settled during the year in cash 10 14000 00 27 Premiums collected or secured in cash and notoes or credits without any deduction for losses dividends commissions or other expenses 40757 47 INTERSOUTHERN LIFE INSURANCE COMPANY James R Duffin President George G Summers Secretary W A Wright Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 668398 07 2 Amount of ledger assets as per balance Dec 31 of previous year 670762 10 3 Increase of capital during the year 182974 85 4 Extended at 853736 95 IIrlncome 5 First years premiums on original policies without deduction for commissions or other expenses less 268844 for first years reinsurance 7 Total years premiums on original policies 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 2 78238 for reinsurance on renewals 18 Total renewal premiums 113927 85 113182 44 20 Total premium income 23 Lodger assets other than premiums received from other companies for assuming their risks 24 Gross interest on mortgage loans 1876 67 25 Gross interest on collateral loans 397 62 113927 85 113182 44 227110 29 88529 26574 ComptbolleeGenebals Bepobt 26 Gross interest on bonds and dividends on stocks 27 Gross interest on premium notes policy loans or liens 28 Gross interest on deposits in trust com panies and banks 30 Bills receivable Gross rent from companys property in cluding 428858 for companys occu pancy of its own buildings 035 46 38 25 165 79 33 63298 65 34 Total gross interest and rents 70421 30 35 From other sources Surplus from sale of stock 12 91583 real estate permanent improvement and equip ments 3398210 commissions from reinsurance 10813 unearned fire ins closed off 7272 bills payable 4500000 total 92078 78 43 Gross increase by adjustment in book value of ledger assets viz Real estate 204620 87 44 Total income 682760 50 IIIDisbursements 1 For death claims 30137 11 4 Net amounts paid for losses and matured endowments 6 Premium notes and liens voided by lapse 7 Surrender values paid in cash or applied in liquidation of loans or notes 30137 11 390 97 7073 92 15 Total paid policyholders 37602 00 16 Expense of investigation and settlement of poilcy claims 244 90 17 Paid for claims on supplementary contracts not involving life contingencies 48 62 20 Commissions to agents less commission on reinsurance First years premiums 10662302 renewal premiums 776551 total 114388 53 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 8451 00 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 2218 69 24 Branch office expenses including salaries of managers and clerks not included in item 22 5450 70 25 Medical examiners fees 623322 inspection of risks 223450 and 24207 8709 79 Medical department salaries 4 197 84 26 Salaries and all other compensation of officers directors trustees and home office employees 18 938 21ComptrollerGenerals Eeport 27 Kent 28 Advertising 521328 printing and stationery 2 42939 postage telegraph telephone 291257 ex press and int 136897 exchange 6091 total 29 Legal expenses not included in item 16 30 Taxes on assets 31 Repairs and expenses other than taxes on real estate 32 Taxes on real estate 33 State taxes on premiums 34 Insurance department licenses and fees 35 All other licenses fees and taxes 39 Other disbursements Coupons and dividends used in re duction premiums 566725 commissions paid ad visory board contracts 67777 Commissions paid on stock sales 852053 general expense 59121 ac tuarial expenses 7500 profit and loss 62434 agts accts chgd off 4000000 old accts 2964432 com promise accts 53140 total 47 Gross loss on sale or maturity of ledger assets viz Collateral loans 700000 time deposits 593746 Franklin Bk 10000 Owensboro Sv Bank 97772 575 4288 58 11985 12 1181 01 414 77 38856 42 11001 78 1874 82 2592 20 1058 40 86331 82 14015 18 49 Total disbursements 373850 38 IVLedger Assets 1 Book value of real estate Incumbrances and improvements 1160672 33 2 Mortgage loans on real estate first liens 37972 67 3 Loans secured by pledge of bonds stocks or other collateral 48400 00 4 Loans made to policyholders on this com panys policies assigned as collateral 12954 80 5 Premium notes on policies in force 28949 52 6 Book value of bonds 6090000 and stocks 5759000 118490 00 Paid for lease to premises 6754 55 7 Cash in companys office 655 18 8 Deposits in trust companies and banks not on interest 15943 72 9 Deposits in trust companies and banks on interest 33966 70 10 Bills receivable 100073 agents balances debit 6510898 credit 108625 net 6402273 65023 46576 CompteollebGenebals Eepobt 11 Furniture and Fixtures 1483422 un earned fire ins prem 152836 16362 58 12 Less credits 1546145 51 383498 44 12 Total ledger assets 1162647 07 NonLedger Assets 13 Interest due 382636 and accrued 1 22771 on mortgages 5054 07 14 Interest accrued on bonds 1250 01 15 Interest due 754897 and accrued 59592 on collateral loans 8144 89 16 Interest accrued on premium notes policy loans or liens 525 97 18 Time deposits accrued 387 84 19 Stocks accrued 410 00 20 Rents due 459161 and accrued 2 00000 on companys property or lease 6591 61 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 Dec 31 1913 less reinsurance premiums 4915633 96688 19 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsur ance premiums 5928 01 30874 96 27 Totals 55084 34 127563 15 28 Deduct loading 33050 60 6378 15 29 Net amount of uncollected and deferred premiums 22033 74 121185 00 22364 39 7500 00 143218 74 25 Gross assets 1335730 20 Deduct Assets Not Admitted 36 Loans on 37 Furniture fixtures and safes 38 Agents debit balances gross 1000 00 14834 22 64022 73ComptrollerGenerals Report 577 40 Bills receivable 1000 73 43 Book value of ledger assets over market value viz Collateral loans 1625000 bank stocks 895000 industrial stocks 1500000 time deposits 100000 miscellaneous deposits 28317 total 41483 17 Total 122340 85 46 Admitted assets 1213389 35 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31 day of Dec 1913 as com puted by the company on the following tables of mor tality and rates of interest viz 2 American Experience table at 3 per cent on all policies 319890 00 6 Deduct net value of risks of this company reinsured in other solvent companies 5151 00 8 Net reserve 314739 00 12 Claims for death losses in process of ad justment or adjusted and not due 17200 00 18 Due and unpaid on annuity claims involv ing life contingencies 2105 00 19 Total policy claims 19305 00 27 Salaries rents office expenses bills and accounts due or accrued 6610 71 28 Medical examiners fees and legal fees 2467 00 31 Borrowed money 45000 00 37 Reserve special or surplus funds not included above 38 Coupons deposited with the company 8927 51 42 Funds for taxes 8000 00 46 Capital stock 668398 07 47 Unassigned funds surplus 139942 06 48 Total h 389 35 Business in The State of Georgia Duringthe Year 17 Policies on the lives of citizens of said state in force December 31 of previous year 565 563500 00 18 Policies on the lives of citizens of said State issued during the year 456 1610442 85 19 Total i021 2173942 85578 ComptrollerGenebals Eepoet 20 Deduct ceased to be in force during the year 292 384936 39 21 Policies in force December 31 729 1789006 46 22 Losses and claims unpaid Dec 31 of previous year 1 500 00 23 Losses and claims incurred during year 1 1000 00 24 Total 2 1500 00 25 Losses and claims settled during the year in cash 2 1300 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 19468 05 JEFFERSON STANDARD LDE INSURANCE COMPANY Geo A Grimsley President C C Taylor Secretary William A Wright Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 349980 00 2 Amount of ledger assets as per balance Dec 31 of previous year 3777768 90 3 Increase of capital during the year 20 00 4 Extended at 3777788 90 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 456783 for first years reinsurance 11 Consideration for supplementary contracts involving life contingencies 209661 02 1128 17 12 Total new premiums 1 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses tass 667070 for reinsurance on renewals 1125286 63 14 Dividends applied to pay renewal prem iums 22885 41 210789 19 18 Total renewal premiums 1148 172 04ComptrollerGeneral s Report 579 19 Extra premiums for total and permanent disability benefits 947060 and for additional accidental death benefits 1996108 included in life policies 29431 68 20 Total premium income 1388392 91 21 Consideration for supplementary contracts not involving life contingencies 10463 00 22 Dividends left with the company to accumulate at in terest 334 54 24 Gross interest on mortgage loans 160034 61 25 Gross interest on collateral loans 17528 91 26 Gross interest on bonds and dividends on stocks 7192 40 27 Gross interest on premium notes policy loans or liens 45180 00 2S Gross interest on deposits in trust companies and banks 4286 77 33 Gross rent from companys property 2975 55 35 From other sources Adjustment acct Greensboro Life Reinsured Co 775 76 37 Adjustment death claims act 1912 report 3000 00 38 Adjustment death claims add acct 1912 report 763 50 30 Traveling expense advanced 116 73 40 Profit and loss 1153 13 43 Gross increase by adjustment in book value of ledger as sets viz Real estate 16427 32 44 Total income 1658565 13 IIIDisbursements 1 Death claims less 1550000 reinsurance 33531410 additions 135914 33667324 2 For matured endowments health 150 72 3 For total and permanent disability claims 4503 82 For additional accidental death benefits less 1250 reinsurance 7592 56 4 Net amounts paid for losses and matured endowments 5 For annuities involving life contingencies 6 Premium notes and liens voided by lapse 7 Surrender values paid in cash or applied in liquidation of loans or notes 11 Dividends applied to pay renewal premiums 14 Dividends left with the company to accumulate at in terest 15 Total paid policyholders 17 Paid for claims on supplementary contracts not involving life contingencies 19 Paid stockholders for interest or dividends 348920 34 17232 57 2257 40 98295 45 22885 41 334 54 489925 65 6385 64 28000 00580 ComptrollerGenerals Keport 20 Commissions to agents less commission on reinsurance First years premiums 14231975 renewal premiums 5152262 total 193842 37 21 Commuted renewal commissions 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 23 Agency supervision and traveling expenses of super visors except compensation for home office supervis ion 24 Branch office expenses including salaries of managers and clerks not included in item 22 25 Medical examiners fees 2313850 inspection of risks 525052 26 Salaries and all other compensation of officers directors trustees and home office employees 28 Advertising 414641 printing and stationery 746S44 postage telegraph telephone and express 556300 exchange 265200 total 31 Eepairs and expenses other than taxes on real estate 32 Taxes on real estate 50000 and county and city 574422 33 State taxes on premiums 34 Insurance department licenses and fees 35 All other licenses fees and taxes Federal corporation tax 81887 State corporation and ad valorem tax 104636 total 39 Other disbursements Security Life and Annuity Co ad justment acet 41 General expense 42 Traveling expense 46 Agents balances charged off 47 Gross loss on sale or maturity of ledger assets viz Bonds 48 Gross decrease by adjustment in book value of ledger assets viz Bonds Stocks 500 00 1865 82 2350 00 6615 19 28389 02 54353 23 4732 62 62 30 6244 22 3271 39 5841 58 1865 23 8243 80 1127 90 9282 31 10232 76 556 25 8411 26 8411 26 49 Total disbursements 893262 08 IVLedger Assets 1 Book value of real estate 5191174 2 Mortgage loans on real estate 3022398 16 3 Loans secured by pledge of bonds stocks or other collateral 277660 00 4 Loans made to policyholders on this com panys policies assigned as collateral 022980 13ComptrollerGeneral s Report 581 10 11 12 Premium notes and liens on policies in force of which 270612 is for first years premiums 188275 62 Book value of bonds 1280000 and stocks 2320300 36003 00 Cash in company s office 6831 50 Deposits in trust companies and banks not on interest 61072 89 Deposits in trust companies and banks on interest 102253 85 Bills receivable 1026306 agents bal ances debit 4497661 credit 776745 net 3720916 47472 22 Furniture and fixtures 11032 60 Total ledger assets 4543091 95 NonLedger Assets 13 14 15 16 17 21 25 26 27 28 29 30 35 37 38 Interest due 510569 and assrued 39 97661 on mortgages Interest accrued on bonds Interest due 390 and accrued 88626 on collateral loans Interest accrued on premium notes policy loans or liens Interest due 40821 and accrued 11484 on other assets Certificates of deposit Total interest and rents due and accrued Gross premiums due and unreported on policies in force Dec 31 1913 less rein surance premiums Gross deferred premiums on policies in force Dec 31 1913 less reinsurance premiums Totals Deduct loading 45082 30 1359 17 890 16 5593 69 523 05 47133 45 39688 34 86821 79 16358 89 Net amount of uncollected and deferred premiums All other assets Extension notes gross 3715510 net 53448 37 70462 90 30661 53 Gross assets 4697664 75 Deduct Assets Not Admitted Furniture fixtures and safes Agents debit balances gross 11032 60 37209 16582 ComptbolleeGenebal s Eepoet 40 Bills receivable 10263 06 41 Premium notes and loans on policies and net value of their policies 7728 70 45 Total 66233 52 46 Admitted assets 4631431 23 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1913 as computed by the Actuary on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on reinsured N P D D business of Sec Life Annuity Greensboro Life Southern Carolina Conservative prior to 1913 1591820 00 Same for reversionaiy additions 1203 00 2 American Experience table at 3 per cent on reinsured A D business of Sec L A Par N P business of Southern Carolina Jefferson prior to 1913 all Jefferson sine Sept 1913 except as stated in No 3 797107 00 Same for reversionary additions 12 00 3 American Experience table at 4 per cent on reinsured business of Greensboro Life except as stated in No 1 G O D I policies since Sept 1013 1026774 00 4 Other tables and rates viz Amer 3 per cent Southern Life D I reinsured 19940 00 Same for reversionary additions 19940 00 5 Net present value of annuities including those in reduction of premiums Amer Exper 312 per cent 16475 00 Total 3453331 00 6 Deduct net value of risks of this company reinsured in other solvent companies 7599 00 7 Extra reserve for total and permanent dis ability benefits 473500 and for ad ditional accidental deatli benefits 9 98100 included in life policies 14716 00 8 Net reserve 3460448 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the Amer Exper Table 3 per cent 67963 00ComptrollerGenerals Report 583 13 Claims for death losses reported for which no proofs have been received 17 Claims for total and permanent disability benefits 11033 00 685 64 19 Total policy claims 21 Dividends left with the company to accumulate at in terest and accrued interest thereon 22 Premium paid in advance including surrender values so applied 23 Unearned interest and rent paid in advance 24 Commissions due to agents on premium notes when paid 25 Commissions to agents due or accrued 27 Salaries rents office expenses bills and accounts due or accrued 28 Medical examiners fees 264300 and legalfees 1 57725 inspection fees 19725 due or accrued 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 33 Dividends or other profits due policyliolders including those contingent on payment of outstanding and de ferred premiums 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiuirs or otherwise 35 Dividends declared on or apportioned to deferred dividend policies payable to poleiyholders during 1914 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 35 37 Reserve special or surplus funds not included above 38 Annuity fund 41 All other liabilities Special renewal commission fund 693200 balance due Greensboro Life Ins Co acct 818981 total 11718 64 786 06 5862 27 6334 43 3381 46 5048 30 1693 31 4418 00 764 56 1458 18 24080 59 6456 06 S023S S2 206584 27 15121 81 45 Total 3919267 70 46 Capital stock 350000 00 47 Unassigned funds surplus 362163 55 48 Total 4631431 23 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 2405 3917099 00 584 CompteollebGeneeals Eepoet 18 Policies on the lives of citizens oi said State issued during the year 448 911134 00 19 Total 2853 4828233 00 20 Deduct ceased to be in force less renewals during the year 570 1033176 00 21 Policies in force Dee 31 2283 3795057 00 22 Losses and claims unpaid Dec 31 of previous year 3 3082 46 23 Losses and claims incurred during year 18 39123 00 24 Total 21 42205 46 25 Losses and claims settled during the year in cash 3716800 by compromise 3746 20 37205 46 26 Losses and claims unpaid Dec 31 1 5000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 127734 39 LIFE INSURANCE COMPANY OF VIRGINIA John G Walker president Algie S Hurt 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 8192238 63 Less a mount paid to cancel mortgage on this company s real estate 25000 00 3 Increase of capital during the year 100000 00 4 Extended at 8267338 63 IIIncome 5 First years premium on original policies without deduction for commissions or other expenses less 88257 for first year s reinsurance 545634 39 6 Surrender values applied to pay first years premiums 186 9 7 Total first years premiums on original pol icies 545821 35 ComptrollerGenerals Report 585 8 Dividends applied to purchase paidup ad ditions and annuities 254 16 9 Surrender values applied to purchase paid up insurance and annuities 23049 27 11 Consideration for supplementary contracts involving life contingencies 90 10 12 Total new premiums 569214 88 13 Renewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 317767 for reinsuran on renewals 2773396 33 14 Dividends applied to pay renewal premiums 1777 86 16 Surrender values applied to pay renewal pre miums 106 35 18 Total renewal premiums 2775280 54 20 Total premium income 3344495 42 21 Consideration for supplementary contracts not involving life contingencies 3680 00 24 Gross interest on mortgage loans less 2 68151 accrued interest on mortgages ac quired during 1913 386872 60 25 Gross interest on collateral loans 1287 32 26 Gross interest on bonds and dividends on stocks 33840 32 27 Gross interest on premium notes policy loans or liens 16312 09 28 Gross interest on deposits in trust companies and banks 15532 98 30 Interest on bonds loaned 41 10 33 Gross rent from companys property includ ing 2625499 for companys occupancy of its own buildings 27561 16 34 Total gross interest and rents 481448 98 36 Agents cash bonds 775 00 37 Unclaimed deposits on industrial applications 789 32 38 Federal income tax withheld 25 00 42 Gross profit on sale or maturity of ledger assets viz Bonds 314 88 Mortgages 10 00 Total 324 88 44 Total income 3831538 60586 ComptrollerGenerals Report IIIDisbursements 2 2 4 5 For death claims less 647150 reinsur ance 997534 77 For matured endowments 8696 00 For weekly indemnity claims 86 50 9 10 11 13 15 16 17 19 20 23 24 29 30 31 32 33 34 Net amounts paid for losses and matured endowments For annuities involving life contingencies 289 01 Surrender values paid in cash or applied in liquidation of loans or notes 51853 54 Surrender values applied to pay new premiums 18696 to pay renewal premiums 10635 total 293 31 Surrender values applied to purchase paid up insurance and annuities 23049 27 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes 61018 34 Dividends applied to pay renewal premiums 1777 86 Dividends applied to purchase paidup additions and annui ties 254 16 Total paid policyholders 1144852 76 Expense of investigation and settlement of policy claims including 259017 for legal expense 2723 87 Paid for claims on supplementary contracts not involving life contingencies 2250 00 Ia id stockholders for interest or dividends 130000 00 Commissions to agents less commission on reinsurance First years premiums 22667655 renewal premiums 33773785 total 564414 40 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 21792 82 Branch office expenses including salaries of managers and clerks not included in item 22 261469 88 Medical examiners fees 6130171 inspection of risks 261660 total 63918 31 Salaries and all other compensation of officers directors trustees and home office employees 199023 45 Rent including 2625499 for companys occupancy of its own building 51536 11 Advertising 2096989 printing and stationery 2125416 postage telegraph telephone and express 712598 total 49350 00 Legal expense not included in item 16 10040 27 Furniture fixtures and safes 17225 02 Repairs and expenses other than taxes on real estate 1804 26 Taxes On real estate 66S2 04 State taxes on premiums 41873 95 Insurance department licenses and fees 1325 89ComptrollerGenerals Report 587 36 Federal corporation tax 1459 39 37 State and municipal licenses and taxes 27669 93 40 General expenses home office 12987 88 41 Traveling expenses home office 2928 86 42 Agents cash bonds 1125 00 43 Industrial application deposits refunded 2 55 44 Profit and loss New Orleans fraudulent claims 1646 30 47 Gross loss on sale or maturity of ledger assets viz Mort gages 45 03 48 Gross decrease by adjustment in book value of ledger as sets viz Bonds for amortization of premium 183 03 Mortgages amortization of premium 59 66 49 Total disbursements 26Z8390 69 IVLedger Assets 1 Book value of real estate 484730 14 2 Mortgage loans on real esttae 7234604 13 3 Loans secured by pledge of bonds stocks or other collateral 21500 00 4 Loans made to policyholders on this com panys policies assigned as collateral 288570 16 5 Premium notes on policies in force of which 86055 is for first years premiums 2629 90 6 Book value of bonds 71011415 and stocks 7310833 total 783222 48 7 Cash in companys office 32602 97 8 Deposits in trust companies and banks not on interest 11821 76 9 Deposits in trust companies and banks on interest 20061 77 11 Teutonia Bank Trust Co 14159 Irish American Bank 60164 total 743 23 12 Total ledger assets 9480486 54 NonLedger Assets 13 Interest due 508744 and accrued 100 52066 on mortgages 105608 10 14 Interest accrued on bonds 12781 33 15 Interest accrued on collateral loans 57 83 16 Interest due on premium notes policy loans or liens 899 37 21 Total interest and rents due and accrued 22 Market value of real estate over book value 119346 63 38324 74588 ComptrollerGenerals Report 23 Market value not including interest in Item 14 of bonds and stocks over book value New Business Renewals 25 Gross premiums due and un reported on policies in force December 21 1913 less reinsurance pre miums 6126 26 48361 23 26 Gross deferred premiums on police in force December 31 1913 less reinsurance premiums 11509 54 73007 15 27 Totals 17635 80 121368 40 28 Deduct loading 179 52 29415 71 29Net amount of uncollected and deferred premiums 14056 28 91952 69 30 All other assets Premium extension notes 711 43 106008 97 4509 41 35 Gross assets 4749387 72 Deduct Assets Not Admitted 41 Premium notes and loans on policies and net premiums in tern 20 in excess of the net value of their policies 16 00 46 Admitted assets VLiabilities Surplus and Other Funds 9749371 72 Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the com pany on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent 2 American experience table at 3 per cent 763898 00 Same for reversionary additions 1465 00 Total 3 American experience table at 3 per cent 4 Other tables and rates viz Standard Industrial 3 per cent Intermediate 1912 3 per cent Extra premiums 5 Net present value of annuities American 3 per cent 2029576 00 765363 00 2713965 00 2026555 00 145 00 1061 00 6 42 TotalComptrollerGenerals Report 589 6 Deduct net value of risks of this company reinsured in other solvent companies 2156 00 8 Net reserve 9 Present value of amounts not yet due on supplementary con tracts not involving life contingencies by the company 10 Liability on policies cancelled and not included in net re serve upon which a surrender value may be demanded 12 Claims for death losses in process of ad justment or adjusted and not due 18513 69 13 Claims for death losses reported for which no proofs have been received 4244 75 14 Reserve for net death losses incurred but unreported 30000 00 15 Claims foT matured endowments due and un paid 303 51 17 Claims foT total and permanent disability benefits 2148 04 18 Due and unpaid on annuity claims involving life contingencies 76 07 28 29 19 Total policy claims 20 Due and unpaid on supplementary contracts not involving life contingencies 22 Premiums paid in advance including surrender values so applied 23 Unearned interest and rent paid in advance 24 Commissions due to agents on premium notes when paid 25 Commissions to agents due or accrued 27 Salaries rents office expenses bills and accounts due or ac crued Medical examiners fees due or accrued Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 32 Unpaid dividends to stockholders 33 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1914 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred participating policies not included in Item 35 Amount set apart for additional death benefits Reservations towards an increase in reserve on industrial policies 42 Agents cash bonds 3 36 38 7536i751 00 8167 00 33163 00 55286 02 1000 00 58451 58 6659 38 427 82 31926 15 11149 85 4520 21 47498 29 12500 00 672 69 18582 49 250000 00 1500 00 25000 00 625 00590 ComptrollerGenerals Report 43 Federal income tax withheld 25 00 46 Capital stock 500000 00 47 Unassigned funds surplus 1135374 31 48 Total 9749371 72 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 year34536 4163683 00 18 Policies on the lives of citizens of said State is sued during the year 23478 3144525 00 19 Total 58014 7308208 00 20 Deduct ceased to be in force during the year16603 2174161 00 31 Policies in force December 3141411 5134047 00 22 Losses and claims unpaid December 31 of previous year 5 1371 10 23 Losses and claims incurred during year 382 49817 51 24 Total 387 51188 61 25 Losses and claims settled during the year in cash 383 50874 89 26 Losses and claims unpaid December 31 4 313 72 THE MANHATTAN LITE INSURANCE COMPANY Thomas E Lovejoy President Melvin DeMott 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 21477813 26 4 Extended at 21477713 26 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 609M0 for first years reinsurance 190133 76ComptrollerGenerals Eeport 6 Surrender values applied to pay first years 2266 16 premiums 7 Total first years premiums on original pol icies W2399 92 8 Dividends applied to purchase paidup ad ditions and annuities 5096 47 10 Consideration for original annuities involv ing lige contingencies 2169 20 12 Total new premiums 13 Renewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 25 63918 for reinsurance and renewals 14 Dividends applied to pay renewal premiums 16 Surrender values applied to pay renewal pre miums 1852712 78 49757 84 2152 02 18 Total renewal premiums 19 Extra premiums for total and permanent disability bene fits 591 199665 59 1904622 64 9311 66 20 Total premium income 2105219 89 22 Dividends left with the company to accumulate at interest 24 Gross intereston mortgage loans 445869 18 26 Gross interest on bonds and dividends on stocks less 66667 accrued interest on bonds acquired during 1913 27 Gross interest on premium notes policy loans or liens 28 Gross interest on deposits in trust companies 30 On agents balances 31 On advances against first years commissions repaid 33 Gross rent from company s property includ ing 5150000 for companys occupancy of its own buildings 1504 29 166878 33 204059 07 11726 85 742 30 114 96 259551 74 34 Total gross interest and rents 1088942 3 36 Advertising expense paid 1912 on foreclosure proceedings charged to real estate 1913 37 Received for quitclaim deed on property considered worth less charged off 1892 38 Credit agents balance charged off to profit and loss 42 Gross profit on sale or maturity of ledger assets viz Bonds 82 85 500 00 3 00 26447 00 592 ComptrollerGenerals Beport 43 Gross increase by adjustment in book value of ledger as sets viz Bonds for accrual or discount 2652 75 44 Total income 3225352 21 IIIDisbursements 1 For death claims less 20000 reinsurance 106827414 additions 4766 total 1073040 14 2 For matured endowments 205713 00 10 11 13 14 15 16 17 19 20 23 24 25 26 27 Net amounts paid for losses and matured endowments 1278753 14 For annuities involving life contingencies 9390 62 Premium notes and liens voided by lapse less 302840 restorations 19369 61 Surrender value paid in cash or applied in liquidation of loans or notes 814817 86 Surrender values applied to pay new premiums 226616 to pay renewal premiums 215202 total 4418 18 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes 204462 91 Dividends applied to pay renewal premiums 49757 84 Dividends applied to purchase paidup additions and annui ties 5096 47 Dividends left with the company to accumulate at interest 1504 29 Total paid policyholders 2387570 92 Expense of investigation and settlement of policy claims 35 55 Paid for claims on supplementary contracts not involving life contingencies 1193 74 Dividends and interest thereon held on deposit surrender ed during the year 800 87 Pack stockholders for interest or dividends 16000 00 Commissions to agents less commission on reinsurance First years premiums 8433361 renewal premiums 11800814 annuities original 6508 total 202406 83 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 15005 82 Branch office expenses including salaries of managers and clerks not included in item 22 23848 20 Medical examiners fees 1389450 inspection of risks 469750 total 18592 00 Salaries and all other compensation of officers directors trustees and home office employees 114 759 42 Pent including 51500 for companys occupancy of its own buildings less 178 received under sublease 66137 51 Advertising 496511 printing and stationery 1022036 postage telegraph telephone and express 1107269 ex change 139092 total 27649 08ComptrollerGenerals Report 593 29 30 31 32 33 34 36 37 38 40 41 42 43 44 48 49 9 10 Legal expense not included in item 16 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 Federal corporation tax County and municipal licenses and taxes Legal advertising Legislative expenses 33824 contribution to the Associa tion of Life Insurance Presidents total Expenses election of directors 106 luncheon for employees 144998 total General expenses home office 520027 general expenses agencies 99148 total Traveling home office 245789 interest payments to pol icyholders 42474 total Premiums on life insurance policies to secure an agents in debtedness Gross decrease by adjustment in book value of ledger as sets viz Bonds for amortization of premium 8951 74 1060 11 87274 34 83467 47 34259 60 3306 77 10 35 867 74 789 34 811 04 1555 98 6191 75 2882 63 311 40 3121 00 Total disbursements 3111861 30 IVLedger Assets Book value of real estate 5320532 70 Mortgage loans on real estate first liens 7941727 12 Loans made to policyholders on this com panys policies assigned as collateral 4208632 22 Premium notes on policies in force of which 1421858 is for first years premiums 215225 76 Book value of bonds 343882425 and stocks 18390125 total 3622725 50 Cash in companys office 33718 79 Deposits in trust companies and banks not on interest 3673 75 Deposits in trust companies and banks on interest 223656 99 Agents balances debit 2230216 credit 382 net 21411 34 12 Total ledger assets 21591304 17 NonLedger Assets 13 Interest due 6975 and accrued 13359387 on mortgages 140568 87 14 Interest accrued on bonds 49855 82594 CompteolleeGenebals Eepokt 16 Interest due 17565634 and accrued 12 50376 on premium notes policy loans or liens 188160 10 17 Interest accrued on other assets Deposits Union Trust Co N Y 200482 Colum biaKnickerbocker Trust Co 11843 Ex change National Bank Montgomery Ala 12940 total 2252 65 20 Rents due 534677 and accrued 7370 on companys property or lease 12716 77 21 Total interest and rents due and accrued 22 Market value of real estate over book value 25 Gross premiums due and unreported on pol icies in force December 31 1913 less reinsurance premiums 26 Gross deferred premiums on policies in force December 31 1913 less reinsur ance premiums 141939 SI 76452 00 27 Totals 28 Deduct loading 2122 per cent 218391 81 46342 73 29 Net amount of uncollected and deferred premiums 393554 21 78414 29 172049 08 35 Gross assets 22235321 75 Deduct Assets Not Admitted 38 Agents debit balances gross 22302 Hi 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 121 51 43 Book value of ledger assets over market value viz On stocks 74901 25 45 Total 97324 92 46 Admitted assets 22137996 83 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Doeember 1913 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 12439927 00 Same for reversionary additions 38618 00 Total 12478545 00ComptrollerGenerals Report 595 2 American experience table at 3Vz per cent on policies is sued after January 1 1901 on nonparticipating plan 581373 00 3 American experience table at 3 per cent on policies issued after January 1 1901 and prior to January 1 1913 on participating plan 6539820 00 Same for reversionary additions 6669 00 Total 6546489 00 4 Other tables and rates viz American experience table at 3 per cent select and ultimate on policies issued on and after January 1 1913 70731 00 5 Net present value of annuities including those in reduction of premium Actuaries 4 per cent on annuities issued prior to January 1 1901 26289 00 American experience 3 per cent annuities issued after January 1 1901 and prior to January 1 1907 39176 00 McClintocks 3 per cent on annuities is sued after January 1 1907 25854 00 Total 91319 00 Total 19768457 00 6 Deduct net value of risks of this company reinsured in other solvent companies 120301 00 Total 19648156 00 7 Extra reserve for total and permanent disability benefits 422 00 8 Net reserve 19648578 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies 93181 00 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be demanded 2864 00 11 Claims for death losses due and unpaid 3631 91 12 Claims for death losses in process of ad justment or adjusted and not due 26115 00 13 Claims for death losses reported for which no proofs have been received 26880 00 14 Eeserve for net death losses incurred but unreported 20000 00 15 Claims for matured endowments due and un paid 9200 59 16 Claims for death losses and other policy claims resisted by the company 22000 00596 ComptrollerGenerals Report 18 Due and unpaid on annuity claims involving life contingencies 411 45 19 Total policy claims 108238 95 20 Due and unpaid on supplementary contracts not involving life contingencies 750 00 21 Dividends left with the company to accumulate at interest and accrued interest thereon 7228 67 22 Premiums paid in advance including surrender values so applied 16710 14 23 Unearned interest and rent paid in advance 101948 85 24 Commissions due to agents on premium notes when paid 13732 27 25 Commissions to agents due or accrued 2635 00 27 Salaries rents office expenses bills and accounts due or accrued 11958 62 2 Medical examiners fees 1502 50 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 32500 00 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferr ed premiums 20916 96 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 14 581 47 35 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1914 55928 29 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in Item 35 1391630 65 46 Capital stock 100000 00 47 Unassigned funds surplus 53 051 46 48 Total 22137996 83 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 1857 2969 062 00 18 Policies on the lives of citizens of said State is sued during the year 203 381662 00 19 Total 2060 3350724 00 20 Deduct ceased to be in force during the year 188 388406 00 2L Policies in force December 31 1872 296231S 00 ComptrollerGenerals Eeport 597 22 Losses and claims unpaid December 31 of previous year 1 23 Losses and claims incurred during year 18 24 Total 19 25 Losses and claims settled during the year in cash v 26 Losses and claim unpaid December 31 1 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 3650 00 35437 83 39087 83 37087 83 2000 00 82766 51 MARYLAND LIFE INSURANCE COMPANY Douglas H Rose President Jahn W Hanson Secretary Coke S Davis Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 100000 00 2 Amount of ledger assets as per balance Dec 31 of previous year 3236458 39 4 Extended at 3236458 39 IIIncome 5 First year s premiums on original policies without deduction for commissions or other expenses less 271047 for first years reinsurance 41721 15 8 Dividends applied to purchase paidup ad ditions and annuities 3261 36 9 Surrender values applied to purchase paid up insurance and annuities 851 00 10 Consideration for original annuities involv ing life contingencies 10757 66 12 Total new premiums 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 12 60708 for reinsurance on renewals 308559 54 56591 20598 OomptrollekGeneraes Eeport 14 Dividends applied to pay renewal prem iums 19793 52 16 Surrender values applied to pay renewal premiums 84 42 18 Total renewal premiums 328437 4S 19 Extra premiums for total and permanent disability benefits 468 00 10 Total premium income 385 493 Qg 22 Dividends left with the company to accumulate at in terest 13 26 23 Ledger assets other than premiums received from other companies for assuming their risks 31 176 23 24 Gross interest on mortgage loans 12035 53 25 Gross interest on collateral loans 1356 77 26 Gross interest on bonds and dividends on stocks less 2892 62 accrued interest on bonds acquired during 1913 111989 71 27 Gross interest on premium notes poliey loans or liens 19180 81 28 Gross interest on deposits in trust com panies and banks 112 98 29 Gross interest on other debts due the com pany On loans secured by renewals 7766 less pd for divds ace at Int 393 73 73 33 Gross rent from companys property in cluding 450000 for companys occu pancy of its own buildings 21283 72 34 Total gross interest and rents QQ 033 25 35 From other sources Policies of reinsurance surrendered 150 00 37 Final divd from failed eo on bldg destroyed by fire 18 75 38 Georgia Life Excess of amt turned over as divd ace at interest jj g2 42 Gross profit on sale or maturity of ledger assets viz Bonds 2700 71 Stocks 9 21 s 13 44 Total income 596244 83 IIIDisbursements 1 For death claims less 500000 reinsur ance 11083181 additions 80732 117639 13 2 For matured endowments 3502500 ad ditions 800 35033 00ComptbolleeGeneeals Repoet 4 Net amounts paid for losses and matured endowments 5 For annuities involving life contingencies 6 Premium notes and liens voided by lapse Returned premiums J Surrender values paid in cash or applied in liquidation of loans or notes 8 To pay renewal premiums 9 Surrender values applied to purchase paid up insurance and annuities 10 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 11 Dividends applied to pay renewal premiums 13 Dividends applied to purchase paid up additions and an nuities 14 Dividends left with the company to accumulate at in terest 15 Total paid policyholders 19 Paid stockholders for interest or dividends 20 Commissions to agents less commission on reinsurance First years premiums 2351918 renewal premiums 1372080 annuities original 36007 22 Compensation of 2d V P managers and agents not paid by commissions for services in obtaining new insurance 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 25 Medical examiners fees 583367 inspection of risks 122060 26 Salaries and all other compensation of officers directors trustees and home office employees 27 Rent including 450000 for companys occupancy of its own buildings 28 Advertising 101775 printing and stationery 335833 postage telegraph telephone and express 265225 exchange 7615 29 Legal expense not included in item 16 30 Furniture fixtures and safes 31 Repairs and expenses other than taxes on real estate 32 Taxes on real estate 33 State taxes on premiums 34 Insurance department licenses and fees 35 All other licenses fees and taxes Federal corporation tax State municipal and county licenses 37 Municipal tax on prems On capital stock 38 On annual property 39 Other disbursements Library Bureau 599 52672 13 6379 25 1518 78 40 28 47258 77 84 42 851 00 27235 76 19793 52 3261 36 1433 26 260528 53 6000 00 37600 05 10455 00 6731 79 7054 27 24116 10 4603 66 7104 48 3375 00 104 23 4393 72 4199 57 2502 39 1050 75 22 62 1511 67 428 73 1155 32 1 25 1543 48600 ComptkollerGenerals Report 41 Appraisements ac 5 00 42 Sundry expenses 2650 19 46 Agents balances charged off 754 68 46 Prem notes turned over by Ga Life amt pd chgd off 939 41 47 Gross loss on sale or maturity of ledger assets viz Bonds 846 50 48 Gross decrease by adjustment in book value of ledger assets viz Real estate 2 500 00 Bonds 5334 70 40 Total disbursements 395 513 17 IVLedger Assets 1 Book value of real estate 242500 00 2 Mortgage loans on real estate 199040 00 3 Loans secured by pledge of bonds stocks or other collateral 10000 00 4 Loans made to policyholders on this com panys policies assigned as collateral 407070 49 5 Premium notes and loans on policies in force of which 18873 is for first years premiums 21787 79 6 Book value of bonds 239045993 and stocks 9847855 2488938 48 7 Cash in companys office 2 295 42 8 Deposits in trust companiese and banks not on interest 46136 59 9 Deposits in trust companies and banks on interest iSOo 00 10 Agents balances debit 473911 credit 132230 net 341681 the cr bal of 132230 includes 7617 ledger liab ilities other than agents cr bals 3416 81 11 Deposit with Halls Equitable Co 30000 int in default on X Y 21000 open accts judgmts ami suspended acct 1409447 total um 47 12 Total ledger assets 3437190 05 XonLedger Assets L3 Interest due 22800 and accrued 2 91488 on mortgages 14 nteresl accrued on bonds 15 Interest accrued on collateral loans 3142 88 16734 19 35 00 16 17 18 20 21 25 26 27 28 29 35 38 41 43 44 46 1 2 4 ComptrollerGenerals Interest due 572443 and accrued 531796 on premium notes policy loans or Report 11042 39 1139 41 1139 41 175 00 6 32268 37767 Dl On stocks 112420 or deposit 1521 Eents due on company V property or lease Total interest and rents due and accrued Gross premiums due and unreported on policies in force Dec 31 1913 less reGross deferred premiums on policies in force Dec 31 1913 less reinsurance 27421 26 22376 55 87 49797 81 12030 79 Net amount of uncollected and deferred prei 02 3507225 3466063 94 Deduct Assets Not Admi Agents debit balances gross Premium notes and loans on policies and net premiums in Item 29 in excess of the tted 4739 11 200 00 22128 98 14094 47 Book value of ledger assets over market value viz On bonds and stocks Open accts judgments and suspended accts 38 VLiabilities Surplus and 0 Net present value of all the outstanding po on the 31st day of Dec 1913 as compute Dept of Md on the following tables of rates of interest viz Actuaries table at 4 per cent on business issued prior to Jany 1 1903 American Experience table at 3y2 per cent on business issued after Jany 1903 Same for reversionary additions Other tables and rates viz Reinsured pols of Ga Life Ins Co American 31 preliminary term and modified preliminary ther Funds icies in force d by the Ins mortality and 2006645 34 12565 66 789647 12 6233 34 106157 49 602 ComptrollerGeneral s Report Same for reversionary additions 12 73 5 Net present value of annuities including those in reduction of premiums Actuaries 4 per cent 8134 77 American 3 per cent 40278 28 Total 2969674 75 6 Deduct net value of risks of this company reinsured in other solvent companies 63641 08 7 Extra reserve for total and permanent dis ability benefits 510 79 8 Net reserve 2906544 46 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 releases 6282 88 13 Claims for death losses reported for which no proofs have been received 13695 94 15 Claims for matured endowments due and unpaid unclaimed 2869 66 17 Claims for total and permanent disability 18 Due and unpaid on annuity claims involv ing life contingencies 3 71 19 Total policy claims 22852 19 21 Dividends left with the company to accumulate at in terest and accrued interest thereon 1454 40 22 Premiums paid in advance including surrender values so applied 543 21 23 Unearned interest and rent paid in advance 326 01 24 Commissions due to agents on premium notes when paid 253 13 25 Commissions to agents due or accrued less agts cr bal 132230 deduction from agents balances 327 29 28 Medical examiners fees 715 00 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 4800 00 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 11047 6 I 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 3713 02ComptrollerGenerals Report 603 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 35 212244 08 45 Total 3166579 51 46 Capital stock 100000 00 47 Unassigned funds surplus 199483 87 48 Total 3466063 38 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 725 1022941 00 17i2 Policies on the lives of citizens of said state transferred during year 5 7000 00 8 Policies on the lives of citizens of said state issued during the year 1157 1940443 00 19 Total 1887 2970384 00 20 Deduct ceased to be in force during the year Ill 176121 00 21 Policies in force Dec 31 1776 2794263 00 22 Losses and claims unpaid December 31 of pre vious year 1 442 85 23 Losses and claims incurred during year 13 19285 00 24 Total 14 19727 85 25 Losses and claims settled during year in cash 11 12685 00 26 Losses and claims unpaid Dee 31 3 7042 85 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 80965 23604 ComptrollerGenerals Report MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY OF SPRINGFIELD MASSACHUSETTS William W McCIench President Wheeler H Hall Secretary William J Harty Attorney for Service ICapital Stock 1 Amount of capital paid up in cash Purely Mutual 2 Amount of ledger assets as per balance December 31 of previous year 68277044 43 4 Extended at 68277044 43 IIIncome 5 First years premiums on original policies without deduc tion for commissions or other expenses 1237 525 81 8 Dividends applied to purchase paidup ad ditions and annuities 106159 68 11 Consideration for supplementary contracts involving life contingencies 13655 00 12 Total new premiums 13 Renewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 100 68518 for reinsurance on renewals 8152568 96 14 Dividends applied to pay renewal premiums 1371323 17 1357340 49 18 Total renewal premiums 9 503 390 j g 2D Total premium income 10881232 62 21 Consideration for supplementary contracts not involving life contingencies 123 7iHi 39 22 Dividends left with the company to accumulate at interest 319825 63 24 Gross interest on mortgage loans 1322050 48 26 Cross interest on bonds and dividends on stocks less 715278 accrued interest on bonds acquired during 1913 1295898 39 27 Gross interest on premium notes policy loans or iens 629617 74 28 Cross interest on deposits in trust companies and banks 23518 52 29 Gross interest in other debts due the com pany Included in cost to change poli cies from one kind to another 11084 27ComptrollerGenerals Report 605 In connection with revival of policies 840 71 Dividends Mt Hope Cemetery stock 3000 00 Sundry items 297 52 Total 15222 50 31 Less discount on premiums paid in advance 3585 50 Balance H637 00 32 Gross discount on claims paid in advance 238 04 33 Gross rent from companys property includ ing 4411500 for companys occupancy of its own buildings 71164 45 34 Total gross interest and rents 3354124 62 35 From other sources 36 Protest fees 22 40 37 Final dividend Unional National Bank Chicago 111 95 00 38 Eighth dividend Capital National Bank Guthrie Okla 59 39 Foreclosure expenses previously charged off 2392 92 40 Total2510 91 42 Gross profit on sale or maturity of ledger assets viz Real estate 4500 00 43 Gross increase by adjustment in book value of ledger as sets viz Bonds for accrual of discount 12995 02 44 Total income 14698895 19 Profit and loss IIIDisbursements 1 For death claims less 45000 reinsurance 325858418 additions 24305 total 3282889 18 2 For matured endowments less 10000 re insurance 381318 additions 18471 total 399789 00 4 Net amounts paid for losses and matured endowments 3682678 IS 6 Premium notes and liens voided by lapse less 1739616 restorations 44338 12 4 Surrender values paid in cash or applied in liquidation of loans or notes 1219296 74 10 Dividends paid to poKcyholders in cash or applied in liqui dation of loans or notes 280883 19 11 Dividends applied to pay renewal premiums 1371323 17606 ComptbolleeGeneeals Eepoet 13 Dividends applied to purchase paidup additions and annui ties 106159 68 14 Dividends left with the Company to accumulate at interest 319825 63 15 Total paid policyholders 7024504 71 16 Expense of investigation and settlement of policy claims including 341846 for legal expense 3978 50 17 Paid for claims on supplementary contracts not involving life contingencies 67727 21 18 Dividends and interest thereon held on deposit surrendered during the year 179043 44 20 Commissions to agents less commission on reinsurance First years premiums 50840068 renewal premiums 57621397 total 1084614 65 21 Communted renewal commissions 484 18 22 Compensation of managers and agents not paid by com sion for services in obtaining new insurance 21465 50 23 Agency supervision and traveling expenses of supervisors 2698 89 24 Branch office expenses including salaries of managers and clerks not included in item 22 130525 03 25 Medical examiners fees 8454400 inspection of risks 1706795 total 101611 95 26 Salaries and all other compensation of officers directors trustees and home office employees 295934 00 27 Rent including 4411500 for companys occupancy of its own buildings less 18846 received under sublease 99351 10 28 Advertising 1905395 printing and stationery 49 80323 postage telegraph telephone and express 39 91169 exchange 36208 total 109130 95 29 Legal expense not included in item 16 1521 82 30 Furniture fixtures and safes 12429 27 81 Repairs and expenses other than taxes on real estate 25175 93 32 Taxes on real estate 17679 01 33 State taxes on premiums 124896 69 34 Insurance department licenses and fees 14648 35 35 All other licenses fees and taxes Federal corporation tax 1175873 city licenses 235849 city premium taxes 21900 city and county persona taxes 32250 excise taxes 5176923 miscellaneous 60095 total 67028 90 39 Other disbuvseemnts Home office and agency traveling 469445 surety bonds and publications 535472 ship ping supplies and janitor service 214753 heat light and repairs 184484 miscellaneous 858232 loan de partment expenses 467962 protest fees 2858 com mission on bonds purchased 125 balance First Na tional Hank Pittsburgh Pa 518598 total 32519 79 46 Agents balances charged off 79 5ff 47 Gross loss on sale of maturity of ledger assets viz Peal estate 330000 bonds 51313 total 3813 13ComptrollerGenerals Report 607 48 49 9 12 L3 14 16 17 20 21 25 26 27 28 29 35 Gross decreased by adjustment in book value of ledger as sets viz Real estate 567547 bonds for amortization of premium 4044829 stocks 12948530 total 175609 06 Total disbursements 9596471 56 IVLedger Assets Book value of real estate 961500 00 Mortgage loans on real estate first liens 28161854 00 Loans made to polieyholders on this com panys policies assigned as collateral 10984166 67 Premium notes on policies in force 1040630 71 Book value of bonds 2938262351 and stocks 45323925 total 29835862 76 Cash in company s office 1826 78 Deposits in trust companies and banks not on interest 292253 81 Deposits in trust companies and banks on interest 2101373 33 451623 92 431705 48 251865 27 3096 44 175 00 Total ledger assets 73379468 06 NonLedger Assets Interest due 341214 and accrued 448 21178 on mortgages Interest accrued on bonds Interest due 4394977 and accrued 207 91550 on premium notes policy loans or liens Interest accrued on bank deposits Bents accrued on companys property or lease Total interest and rents due and accrued 1138466 11 Gross premiums due and unreported on pol icies in force December 31 1913 less reinsurance premiums 582671 86 Gross deferred premiums on policies in force December 31 1913 less reinsurance premiums 1180087 07 Totals 1762758 93 Deduct loading 22 per cent 401027 66 Net amount of uncollected and deferred premiums 1361731 2 Gross assets Profit and loss 75879668 44608 ComptrollerGenerals Eeport Deduct Assets Not Admitted 45 Bonds and stocks 2155852 76 46 Admitted assets 73723812 68 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the company on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on policies issued issued prior to January 1 1901 35081272 00 Same for reversionary additions 358095 00 Total 35439367 00 2 American experience table at 3 per cent on policies issued from January 1 1901 to September 30 1907 both inclusive ex cept a few joint life policies included in No 3 19879477 00 Same for reversionary additions 201542 00 Total 20081019 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 No 2 10794798 00 Same for reversionary additions 508289 00 Total 11303087 00 5 Net present value of annuities including those in reduction of premiums Actuaries table and 4 per cent interest 5948 00 American experience table and 3V per cent interest 7597 00 American experience table and 3 per cent interest 44656 00 Titl 58198 00 Total 66881671 00 i Deduct net value of risks of this company reinsured in other solvent companies 815 378 00 8 Net reserve 66066293 0012 13 14 15 16 19 21 22 23 25 27 33 34 47 48 17 18 19 20 21 ComptrollerGeneral s Keport 609 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 699540 30 Claims for death losses in process of ad justment or adjusted and not due 53739 00 Claims for death losses reported for which no proofs have been received 122997 95 Eeserve for net death losses incurred but unreported 52223 00 Claims for matured endowments due and unpaid 4881 00 Claims for death losses and other policy claims resisted by the company 52490 14 Total policy claims 286331 09 Dividends left with the company to accumulate at interest and accrued interest thereon 1395031 19 Premiums paid in advance including surrender values so applied 60057 39 Unearned interest and rent paid in advance 1146 36 Commissions to agents due or accrued 151 05 Salaries rents office expenses bills and accounts due or accrued 22608 59 Medical examiners fees 22685 00 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 191689 47 Dividends or other profits due polieyholders including those contingent on payment of outstanding and deferred pre miums 106945 30 Dividends declared on or apportioned to annual dividend policies payable to polieyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 1005707 14 Unassigned funds surplus 3865626 30 Total 73723812 68 Business in the State of Georgia During the Year Policies on the lives of citizens of said State in force De cember 31 of previous year 9839934 00 Policies on the lives of citizens of said State issued during the year 1237200 00 Total 11077134 00 Deduct ceased to be in force during the year 452226 00 Policies in force December 31 10624908 00 610 ComptrollerGenerals Report 22 Losses and claims unpaid December 31 of previous year 23 Losses and claims incurred during year 24 Total 25 Losses and claims settled during the year in cash 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 5572 00 41500 00 47072 00 47072 00 375087 70 MERIDIAN LIFE INSURANCE COMPANY Arthur Jordan President Thos J Owens Secretary J E Wilhelm Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 200000 00 2 Amount of ledger assets as per balance Dee 31 of previous year 2097995 63 4 Extended at 2097995 63 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 212918 for first years reinsurance 18 Total renewal premiums 149937 36 12 Total new premiums 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 6 57892 for reinsurance on renewals 366 630 14 14 Dividends applied to pay renewal prem iuma 6764 88 149937 36 373395 02 20 Total premium income 503 339 21 Consideration for supplementary contracts not involving life contingencies 83 08 22 Dividends left with the company to accumulate at in ot n tereS 13166 18 Zi Oross interest on mortgage loans 62 633 29ComptrollerGenerals Report 611 27 Gross interest on premium notes policy loans or liens 33 Gross rent from companys property in cluding 480000 for companys occu pancy of its own buildings 35988 25 21428 26 34 Total gross interest and rents i 25 From other sources Premuims on loans and stock 37 Attorney fees 38 Premium notes previously ehagred off 42 Gross profit on sale or maturity of ledger assets viz Real estate 44 Total income 120049 80 8738 95 257 80 1 77 350 09 665980 05 IIIDisbursements 1 For death claims less 1318334 reinsur ance 9160324 additions 394052 35543 76 150486 97 682 91 175 00 16000 00 4 Net amounts paid for losses and matured endowments 95543 76 7 Surrender values paid in cash or applied in liquidation of loans or notes 44932 96 10 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 3245 37 11 Dividends applied to pay renewal premiums 6764 88 15 Total paid policyholders 16 Expense of investigation and settlement of policy claims 17 Paid for claims on supplementary contracts not involv ing life contingencies 19 Paid stockholders for interest or dividends 20 Commissions to agents less commissions on reinsurance First years premiums 12334037 renewal premiums 1275726 total 136097 63 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 3312 66 23 Agency supervision and traveling expenses of super visors except compensation for home office super vision 6507 13 25 Medical examiners fees 1688700 inspection of risks 306194 19948 94 26 Salaries and all other compensation of officers directors trustees and home office employees 39779 97 27 Rent including 480000 for companys occupancy of its own building 5013 50 28 Advertising 156840 printing and stationery 469625 postage telegraph telephone and express 224547 exchange 2819 8538 91612 ComptrollerGenerals Eeport 29 Legal expense not included in item 16 4066 66 30 Furniture fixtures and safes 479 40 31 Repairs and expenses other than taxes on real estate 1541 11 33 State taxes on premiums 7291 87 34 Insurance department licenses and fees 3175 34 35 All other licenses fees and taxes Federal corporation tax 298 67 37 Taxes county municipal and state 3943 53 40 Miscellaneous expense 1778 90 41 Building expense 2631 44 42 Inspection of loans 324 95 43 Interest on loan home office building 5625 00 44 Interest on dividends deposited 4S2 64 45 Heating expense and renewal expense 5193 25 46 Agents balances charged off 2174 09 49 Total disbursements 425550 47 IVLedger Assets 1 Book value of real estate 381000 09 2 Mortgage loans on real estate 1142346 22 4 Loans made to policyholders on this com panys policies assigned as collateral 694351 11 7 Cash in companys office 3144 25 8 Deposits in trust companies and banks not on interest 100019 42 10 Agents balances debit 7583 96 11 Furniture and fixtures 9980 16 12 Total ledger assets 2338425 21 NonLedger Assets 13 Interest due 1005697 and accrued 14 971 73 on mortgages 25028 70 16 Interest accrued mi premium notes policy loans or liens 16112 57 20 Rents accrued on companys property or lease 1147 83 21 Total interest and rents due and accrued 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 1913 less reinsurance premiums 96031 43 12619 10 2500 001 ComptrollerGenerals Report 613 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsurance premiums 27 Totals 28 Deduct loading 7250 75 103282 18 3511440 29 Net amount of uncolleeted and deferred premiums 30 All other assets Unearned fire premiums 32 Supplies printing and stationery 35 Gross assets 68167 78 239 74 3701 50 2455653 33 Deduct Assets Not Admitted 37 Supplies stationery printed matter 3 70150 furniture fixtures and safes 998016 total 13681 66 38 Agents debit balances gross 7583 96 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 9686 60 45 Total 30952 22 46 Admitted assets 2424701 11 VLiabilities Surplus and Other Funds Net present value of all of the outstanding policies in force on the 31st day of Dec 1913 as computed by the Indiana 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 April 2 1906 except commuted premium policies 346323 89 2 American Experience table at 3 per cent on all commuted premium policies and all other policies issued after April 2 1906 1463221 57 Total 1809545 46 6 Deduct net value of risks of this com pany reinsured in other solvent com panies 5886 17 7 Extra reserve for additional accidental death benefits 323748 included in life policies included in Items 1 and 2614 ComptrollerGenerals Report 8 Net reserve 1803659 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 2 181 12 Claims for death losses in process of ad justment or adjusted and not due 3000 00 13 Claims for death losses reported for which no proofs have been received 3000 00 16 Claims for death losses and other policy claims resisted by the company 12500 00 19 Total policy claims 18500 21 Dividends left with the company to accumulate at in terest and accrued interest thereon 31 497 22 Premiums paid in advance including surrender values so applied 1863 23 Unearned interest and rent paid in advance 1816 27 Salaries rents office expenses bills and accounts due or accrued 2 268 28 Medical examiners fees 1 175 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 6 699 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 1 700 40 Amount above legal requirements on double indemnity Policies 2409 41 All other liabilities Loan on home office bldg and ac crued interest j25 468 43 Reinsurance premiums 955 44 Inspection fees 207 46 Capital stock 200 000 47 Unassigned funds surplus 222 297 48 Total 2424701 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 1338 2595061 18 Policies on the lives of citiens of said state issued during the year 818 1 541 537 1 Total 2156 4136598 20 Deduct ceased to be in force during the year 418 737142 21 Policies in force Dec 31 lj738 3399450 29 85 00 02 52 00 55 62 18 75 92 98 00 01 n 00 00 10 00 00ComptrollerGenerals Report 22 Losses and claims unpaid Dec 31 of previous year 1 23 Losses and claims incurred during year 9 24 Total 10 4 25 Losses and claims settled during year in cash 9 26 Losses and claims unpaid Dec 31 1 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 615 2000 00 15000 00 17000 00 15000 00 2000 00 76500 98 METROPOLITAN LIFE INSURANCE COMPANY OF NEW YORK Home Office 1 Madison Ave New York City N Y John R Hegeinan President James S Roberts Secretary ICapital Stock 1 Amount of eapital paid up in cash 2000000 00 2 Amount of ledger assets as per balance Dec 31 of previous year 387194388 69 4 Extended at 387194388 69 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 100500 for first years reinsurance 6209963 19 6 Surrender values applied to pay first years premiums 47442 01 7 Total first years premiums on original policies 6257405 20 8 Dividends applied to purchase paid up ad ditions and annuities 136230 24 10 Consideration for original annuities in volving life contingencies 302849 07 11 Consideration for total and permanent disability claims allowed 1391 67 12 Total new premiums ordinary 6697876 18616 ComptrollerGenerals Report 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 16 31197 for reinsurance on renewals 30658081 99 14 Dividends applied to pay renewal prem iums 1374971 34 16 Surrender values applied to pay renewal premiums 17103 96 17 Renewal premiums for deferred annuities 1567 26 18 Total renewal premiums ordinary 32051724 55 18 Total industrial premiums received including 4242 58215 bonuses applied in payment of premiums 34860 applied to shorten the premiumpaying period and 2709245 surrender values applied in pay ment of premiums 58440818 06 19 Extra premiums for total and permanent disability benefits 24283 62 20 Total premium income 97214702 41 21 Consideration for supplementary contracts not involving life contingencies 33071 00 21V4 Consideration for certificates of deposit 34964 41 23 Ledger assets other than premiums received from other companies for assuming their risks 424520 89 24 Gross interest on mortgage loans less 27 30162 accrued interest on mortgages ac quired during 1913 8735956 11 26 Gross interest on bonds and dividends on stocks less 29648027 accrued interest on bonds acquired during 1913 7994982 20 27 Gross interest on premium notes palicy loans or liens 975571 08 28 Gross interest on deposits in trust com panies and banks 147008 25 29 Gross interest on other debts due the com pany Interest on superintendents bank accounts if77427 interest on deferred payments 290329 10645 66 31 Interest on agents balances 582406 miscellaneous interest 6038 5884 44 2 Gross discount on claims paid in advance 178 62 33 Cross rent from companys property in cluding 78246182 for companys occu pancy of its own buildings 1534590 24 34 Total gross interest and rents 19404816 60ComptrollerGenerals Eeport 617 35 Prom other sources Tax refund 17457 income tax deducted at source 69248 867 05 37 Dividends suspended banks 5519 con science money 5400 109 19 38 Suspense unclaimed checks etc 34 27703 deficiency judgment 176000 36037 03 39 Fire insurance fund 2837328 deposit ac count bond and mortgage interest and rent 205041 30423 69 40 Liquidation of unlisted assets 6750 00 74186 96 42 Gross profit on sale or maturity of ledger assest viz Real estate 16219 12 Bonds 140808 73 43 Gross increase by adjustment in book value of ledger assets viz Bonds 159753 77 44 Total income 117503043 89 IIIDisbursements 1 For death claims 2589612638 additions 1500700 mortuary bonus additions 159751533 27508648 71 2 For matured endowments 187772407 additions 1159900 bonus additions 1918403 1908507 10 3 For total and permanent disability claims 139167 and for additional accidental death benefits 1391 67 4 Net amount paid for losses and matured endowments 29418547 48 5 For annuities involving life contingencies 148846 05 fi Premium notes and liens voided by lapse less restorations 30718 32 7 Surrender values paid in cash or applied in liquidation of loans or notes 3198872 93 8 Surrender values applied to pay new premiums 4744201 to pay renewal premiums 1710396 to pay industrial premiums 2709245 total 91638 42 10 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 91262 32 Cash bonuses paid on nonparticipating industrial policies 60382 73 11 Dividends applied to pay renewal premiums 1374971 34 Bonuses applied to pay renewal premiums on nonpar ticipating industrial policies 42425S2 5 Bonuses applied to shorten the endowment or premium paying period on nonparticipating industrial policies 348 60618 ComptrollerGenerals Keport 13 Dividends applied to purchase paid up additions and an nuities 136230 24 14 Sick benefits on assumed policies 65 00 15 Total paid policyholders 38794465 58 16 Expense of investigation and settlement of policy claims including 3416163 for legal expense 38841 63 16 Premiums waived by company on account of total and permanent disability 182 95 17 Paid for claims on supplementary contracts not involv ing life contingencies 1 s724 34 171 Certificates of deposit liquidated 13953 04 lit Paid stockholders for interest or dividends 140000 00 20 Commissions to agents less commission on reinsurance first years premiums 178585513 renewal premiums 208919444 annuities original 347300 renew al 3749 3878560 06 21 Commuted renewal commissions 150 00 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 2647S 41 22 Compensation in industrial department to superinten dents deputies assistants and agents 13191850 6S 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 114828 13 24 Branch office expenses including salaries of managers and clerks not included in item 22 1043781 33 25 Medical examiners fees 75256392 inspection of risks 41815884 1170722 76 26 Salaries and all other compensation of officers directors trustees and home office employees 3865 in number 3838339 16 27 Rent including 782461S2 for companys occupancy of its own buildings 1167094 19 28 Advertising 2099212 printing and stationery 253 55570 postage telegraph telephone and express 23562825 exchange 695664 517132 71 29 Legal expense not included in item 16 35967 67 30 Furniture fixtures and safes 60127 99 31 Repairs and expenses other than taxes on real estate 521350 86 32 Taxes on real estate 2981 i I 7 1 33 State taxes on premiums 1 273 943 52 34 Insurance department licenses and fees 7 000 15 35 All other licenses fees and taxes Federal corporation tax 1110577 municipal licenses 2726478 agents licenses 543011 persona property tax 146412 cus toms tax 456111 all other 137417 total 51200 06 39 Other disbursements Health and welfare work 1083729 si Miscellaneous expenses 938 141 g2 Details of home office expenses 305 503 56ComptrollerGeneral s Report 619 46 Agents balances charged off 2234 12 47 Gross loss on sale or maturity of ledger assets viz Bonds 51167 stocks 70694169 707453 30 48 Gross decrease by adjustment in book value of ledger assets viz Eeal estate 58752760 Bonds includ ing 8999500 for amortization of premium 157 24899 total 744776 59 49 Total disbursements 69679203 43 IVLedger Assets 1 Book value of real estate less 6000000 incumbranees 24738739 79 2 Mortgage loans on real estate 187471973 36 4 Loans made to policyholders on this com panys policies assigned as collateral 23482688 80 5 Premium notes on policies in force 1054699 49 6 Book value of bonds 18640809118 and stocks 749600621 193904097 39 7 Cash in companys office 51386 40 8 Deposits in trust companies and banks not on interest 67997 46 9 Deposits in trust companies and banks on interest 3942466 10 10 Agents balances debit 2899636 credit 319434 net 25802 02 11 Cash in transit 14376578 cash in branch office banks 7633002 renting section inventory 2015619 suspense account unadjusted items 3773635 fire insur ance premium advanced secured 39000 278378 34 12 Total ledger assets 435018229 IS NonLedger Assets 13 Interest due 15448215 and accrued 2 46399040 on mortgages 2618472 55 14 Interest due 565066 and accrued 2847 97309 on bonds 2853623 75 16 Interest due 17594480 and accrued 44205086 on premium notes policy loans or liens 617995 66 20 Eents due 1115884 and accrued 2 08463 on companys property or lease 13243 47 21 Total interest and rents due and accrued 6103335 43620 ComptrollerGenerals Keport 23 Market value not including interest in item 14 of stocks over book value New Business Eenewals 25 Gross preiums due and un reported on policies in force Dec 31 1913 less reinsurance premiums 127080 90 1705356 00 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsurance premiums 1011490 1 6123458 38 1830S i 27 Totals 113857103 7828814 38 28 Deduct loading 125242 80 1065501 64 29 Nel amount of uncollected and deferred premiums 1013328 23 6763312 74 7776640 97 industrial premiums due ami unpaid less loading 128545 45 35 Gross assets 450201967 17 Deduct Assets Not Admitted 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 estimated 43 Book value of ledger assets over market value viz Bonds not subject to amorti zation 44 Renting section inventory 45 Suspense unadjusted items 28996 36 2731193 I 1 2012755 97 20156 10 37730 05 46 Admitted assets 447829224 16 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the cumany on the following tables of mortality and rates of interest viz Actuaries table at 4 per cent on all issues up to January 1 1901 except as stated in la 126921751 10 Same for reversionary additions la Actuaries table doubled at 4 per cent on all issues special class policies up to Jan 1 1901 Same fur reversionary additions 01072 Hi 52020 1 00 150951 00ComptrollerGeneral s Report 621 2 American Experience table at 3 per cent on all issues from Jan 1 1901 to Jan 1 1914 except as stated below 164354743 00 Same for reversionary additions 353086 00 3 American Experience table doubled at 3 per cent on all issues special class policies from Jan 1 1901 to Jan 1 1907 1925786 00 Same for reversionary additions 340175 00 4 Other tables and rates viz Standard in dustrial 31 per cent from Jan 1 1915 71632322 00 Substantial industrial table 3 per cent from January 1 1907 4361565 00 Intermediate tables 3 per cent from Jan 1 1907 21818115 00 Special class table Z1 per cent from Jan 1 1907 3116607 00 5 Net present value of annuities including those in reduction of premiums Actuaries table at 4 per cent 74015 00 American table at 3 per cent 386746 00 McCIintocks table at 3 per cent 803059 00 Total 396862797 00 6 Deduct net value of risks of this company reinsured in other solvent companies 137314 00 396725483 00 7 Extra reserve for total and permanent dis ability benefits 18550 00 8 Net reserve paid for basis 397744033 00 9 Present value of amount not yet due on supplementary contracts not involving life contingencies computed by the company 149511 00 9a Present value of future premiums waived on account of total andpermanent disability 1306 00 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 348802 89 12 Claims for death losses in process of ad justment or adjusted and not due 123927 98 13 Claims for death losses reported for which no proofs have been received 389229 04 14 Reserve for net death losses incurred but unreported 522394 45 15 Claims for matured endowments due and unpaid 26252 00622 ComptrollerGenerals Report 10 Claims for death losses and other policy claims resisted by the company 182257 20 19 Total policy claims 1244000 67 20s Certificates of deposit not involving life contingencies 45122 70 22 Premiums paid in advance including surrender values so applied 1576647 56 23 Unearned interest and rent paid in advance 79714 54 25 Commissions to agents due or accrued 39006 53 27 Salaries rents office expenses bills and accounts due or accrued 111428 73 28 Medical examiners fees 17526608 and legal fees 26 50854 due or accrued 201774 62 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 1550000 00 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 584935 96 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 1548894 10 34a Bonuses apportioned to nonparticipating industrial poli cies and payable in 1914 6334191 98 35 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1914 145167 53 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item r 50607 1 v 37 Reserve special and surplus funds not included above 38 To cover possible disability benefits 300000 00 39 To cover all other possible items 150000 00 42 Fire insurance fund 12195531 due TT 8 Government for income tax deducted at source 69248 122647 79 44 Suspense unclaimed checks etc 5389071 deposit ac count mortgage interest and rents 3796493 91855 64 45 Total 412244327 51 46 Capital stock 2000000 00 47 Unaasigned funds surplus 33 584 901 65 48 Total 447829229 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 8577 10003107 00ComptrollerGenerals Report 623 18 Policies on the lives of citizens of said state issued during the year 2919 3217547 00 19 Total 11496 13220654 00 20 Deduct ceased to be in force during the year 1563 1632293 00 21 Policies in force Dec 31 9933 11588361 00 22 Losses and claims unpaid Dec 31 of previous year 11 12000 00 23 Losses and claims incurred during year 85 71205 00 24 Total 96 83205 00 25 Losses and claims settled during the year in cash 33898098 by compromise 41500 88 75705 00 26 Losses and claims unpaid Dec 31 8 7500 00 MICHIGAN MUTUAL LIFE INSURANCE COMPANY Home Office 150 Jefferson Avenue Detroit Michigan O E Looker President A F Moore Secretary George S Obear Attorney for Service LCapital Stock 1 Amount of capital paid up in cash 250000 00 2 Amount of ledger assets as per balance December 31 of previous year 11471742 17 4 Extended at 11471742 17 IIIncome 5 First years premium on original policies other expenses less 467004 for first years reinsurance 217308 75 6 Surrender values applied to pay first years premiums 183 58 12 13 14 Total first years premiums on original policies 217492 33 Dividends applied to purchase paidup additions and annui ties 6048 36 Total new premiums 223540 69 Renewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 27 03167 for reinsurance on renewals 1290863 00 Dividends applied to pay renewal premiums 8003 15624 ComptrollerGenerals Report 15 Dividends applied to shorten the endowment or premiumpaying period 886 75 16 Surrender values applied to pay renewal pre miums 471 57 18 Tota renewal premiums 1300224 47 19 Extra premiums for total and permanent disability bene fits 598 27 20 Total premium income 1524363 43 21 Consideration for supplementary contracts not involving life contingencies 22740 00 24 Gross interest on mortgage loans 482969 79 25 Gross interest on collateral loans 344 18 26 Gross interest on bonds and dividends on stocks 1500 00 27 Gross interest on premium notes policy loans or liens 100759 51 28 Gross interest on deposits in trust companies and banks 4512 22 30 Advance made to Agent J W JIcKinney 84 00 32 Gross discount on claims paid in advance 18 II 33 Gross rent from companys property 1130 00 34 Total gross interest and rents 59137 4S 42 Gross profit on sale or maturity of ledger assets viz Real estate 218 49 44 Total income 2138700 40 IIIDisbursements 1 For death claims less 2061000 reinsur ance 62731351 additions 978365 837097 16 2 For matured endowments less 351770 re insurance 48572969 additions 8 11560 493S45 29 4 Net amounts paid for losses and matured endowments 1130942 45 i Premium notes and liens voided by lapse less 62536 res torations 1879 32 7 Surrender values paid in rash or applied in liquidation of loans or notes 2731 6 Surrender values applied to pay new premiums 18356 to pay renewal premiums 47157 total 655 15 10 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes 61690 98 11 Dividends applied to pay renewal premiums 8003 15ComptrollerGenerals Report 625 12 Dividends applied to shorten the endowment or premium paying period 13 Dividends applied to purchase paidup additions and annui ties 886 75 6048 36 15 Total paid polieyholders 16 Expense of investigation and settlement of policy claims including 157028 for legal expense 17 Paid for claims on supplementary contracts not involving life contingencies 19 Paid stockholders for interest or dividends 20 Commissions to agents less commission on reinsurance First years premiums 15280857 renewal premiums 7676867 total Compensation of managers and agents not paid by commis sion for services in obtaining new insurance Agency supervision and traveling expenses of supervisors except compensation for home office supervision Branch office expenses including salaries of managers and clerks not included in item 22 Medical examiners fees 2380507 inspection of risks 499361 total Salaries and all other compensations of officers directors trustees and home office employees Eent Advertising 444909 printing and stationery 1189206 postage telegraph telephone and express 592441 ex change 51113 total 29 Legal expense not included in item 16 30 Furniture fixtures and safes 31 Eepairs and expenses other than taxes on real estate 32 Taxes on real estate 33 State taxes on premiums 34 Insurance department licenses and fees 36 Federal corporation tax 38 Miscellaneous city licenses and taxes 61586 State fees 141144 total 40 Investment expense 41 Subscriptions 42 All other office expenses 46 Agents balances charged off 47 Gross loss on sale or maturity of ledger assets viz Real estate 22 23 24 25 26 27 28 49 Total disbursements 1483235 04 1933 72 13210 92 25000 00 229577 24 6400 00 29973 89 34205 18 28798 68 75234 20 11681 83 22776 69 4825 00 2667 44 812 81 1982 80 21200 25 2490 57 17351 22 2027 30 1346 89 216 65 5010 45 1000 00 423 00 2025437 79 IVLedger Assets 1 Book value of real estate 89429 80 2 Mortgage loans on real estate 9524674 97626 CompteollerGenerals Eepoet 3 4 5 6 7 9 10 12 13 14 15 16 Loans secured by pledge of bonds stocks or other collateral 2500 00 Loans made to polieyholders on this com panys policies assigned as collateral 1654257 45 Premium notoes on policies in force 55802 84 Book value of bonds 25000 00 Cash in companys office 27548 97 Deposits in trust companies and banks on interest 201998 84 Agents balances debit 383894 credit 4703 net 3791 91 Total ledger assets 11585004 78 NonLedger Assets Interest due 1051239 and accrued 122 05389 on mortgages 132566 28 Interest accrued on bonds 250 00 Interest due 2260 and accrued 2970 on collateral loans 52 39 Interest due 975338 and accrued 12 96373 on premium notes policy loans or liens 22717 11 Interest accrued in Wayne Co and Home Savings Bank 107 45 21 26 27 28 29 35 38 Total interest and rents due and accrued Market value of real estate over book value Gross premiums due and unreported on pol icies in force December 31 1913 less re insurance premiums 58 035 23 Gross deferred premiums on policies in force December 31 1913 less reinsur ance premiums 87966 23 15569323 14920 20 Totals 146001 46 Deduct loading 26699 40 Net amount of uncolleeted and deferred premiums 119302 06 Gross assets 11874920 27 Deduct Assets Not Admitted Agents debit balances gross 3838 94ComptrollerGenerals Report 627 41 Premium notes and loans on policies and net premiums in Item 29 in excess of the net value of their policies 4488 55 45 Total 8327 49 46 Admitted assets 11866592 78 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 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 priar to 1903 7446709 00 Same for reversionary additions 116800 74 2 American experience table at 3 per cent from January 1 1903 and modified preliminary term from January 1 1908 3195208 00 3 American experience table at 3 per cent on whole life and 20payment life installment option participating from January 1st 1903 62049 00 Total 10820766 74 6 Deduct net value of risks of this company reinsured in other solvent companies 82430 00 Balance 10738336 74 7 Extra reserve for total and permanent disability benefits 334 00 8 Net reserve 10738670 74 9 Present value of amounts not yet due on supplementary con tracts not involving life contingencies computed by the Michigan Mutual Life Insurance Company 57839 99 13 Claims for death losses reported for which no proofs have been received 54288 06 15 Claims for matured endowments due and unpaid 994 06 16 Claims for death losses and other policy claims resisted by the company 1000 00 19 Total policy claims 56282 12 22 Premiums paid in advance including surrender values so applied 6744 01 23 Unearned interest and rent paid in advance 29210 57 24 Commissions due to agent3 on premium notes when paid 2254 46 27 Salaries rents office expenses bills and accounts due or accrued 3754 23 628 ComptrollerGenerals Keport 28 Medical examiners fees 262900 and legal fees 33750 due or accrued 2966 50 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20236 16 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre miums 4679 53 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 4719 40 43 Deposit account 493 63 46 Capital stock 250000 00 47 Unassigned funds surplus 688742 42 48 Total 11860592 7 Business in the State of Georgia During the Year No Amount 17 Policies on the lives of citiens of said State in force December 31 of previous year 990 188604326 18 Policies on the lives of citiens of said State issued during the year 269 517266 25 19 Total 1259 2403309 51 20 Deduct ceased to be in force during the year 248 507 99 55 23 Losses and claims incurred during year 12 24570 28 25 Losses and claims settled during the year in cash 2387028 compromise 70000 total 12 24570 28 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or oilier i xpenses 55 i 19 2 MISSOURI STATE LIFE INSURANCE COMPANY Edmund P Melson President T 1 Lawrence Secretary insurance Commissioner of Georgia 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 3489535 90 ncrease of capital during the year 700000 00 4 Extended at 4189535 90ComptrollerGenerals Eeport IIIncome 62a First years premiums on original policies without deduction for commissions or other expenses less 550732 for first years reinsurance Dividends applied to pay first years pre miums 771887 02 1845 24 7 Total first year s premiums on original premiums 8 Dividends applied to purchase paidup addi tions and annuities 9 Surrender values applied to purchase paid up insurance and annuities Consideration for supplementary contracts involving life contingencies 11 2675 00 4297 61 5015 53 16 185 03 3714 84 773735 26 12 Total new premiums 13 Renewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 1076289 for reinsurance on renewals 1985030 40 14 Dividends applied to pay renewal premiums 26151 75 15 Dividends applied to shorten the endowment or premiumpaying period Surrender values applied to pay renewal premiums Total renewal premiums Extra premiums for additional accidental death benefits 105331 included in life policies less 12877 paid for reinsurance 785724 00 2015082 02 924 54 20 21 22 23 24 Total premium income 2801730 56 Consideration for supplementary contracts not involving life contingencies 9308 50 Dividends left with the company to accumulate at interest 6009 53 Ledger assets other than premiums received from other companies for assuming their risks 3449412 60 Gross interest on mortgage loans less 77 accrued interest on mortgages acquired dining 1913 369704 59 Gross interest on collateral loans 16070 18 Gross interest on bonds and dividends on stocks less 12625 accrued interest on bonds acquired during 1913 5279 42 Gross interest on premium notes policy loans or liens 82705 93 Gross interest on deposits in trust companies and banks 6301 15630 ComptrollerGenerals Report 29 Gross interest on bills receivable 31 Gross interest on agents balances 2122 21 333300 95 34 Total gross interest and rents 36 Paid into surplus fund by stockholders 37 Premium income from accident riders to life policies 38 Premium income from health riders to life policies 39 Bonus on mortgage loan paid off prior to maturing 40 Surrender values received on reinsurance counted 41 From agents balances previously charged off 485484 43 292141 37 790 75 776 91 827 21 58 00 21 89 44 Total income 7 046561 IIIDisbursements For death claims 54482523 490998 total For matured endowments additions 549735 21 232369 58 4 Net amounts paid for losses and matured endowments 4a For claims paid under health and accident riders to life insurance policies 5 For annuities involving life contingencies 6 Premium notes and liens voided by lapse less 680913 res torations 7 Surreder values paid in cash or applied in liquidation of loans or notes 8 Surrender values applied to pay renewal premiums 9 Surrender values applied to purchase paidup insurance and annuities 10 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes 11 Dividends applied to pay renewal premiums 11a Dividends applied to pay first year premiums 12 Dividends applied to shorten the endowment or premium paying period 13 Dividends applied to purchase paidup additions and an nuities 14 Dividends left with the company to accumulate at interest 15 Total paid policyholders 16 Expense of investigation and settlement of policy claims including 303495 for legal expense 17 Paid for claims on supplementary contracts not involving life contingencies 17a Paid ier annuity purchased under total disability 18 Dividends and interest thereon held on deposit surrendered during the year 782104 79 478 27 1823 58 6697 89 283227 33 3714 84 4297 61 86959 90 26151 75 1848 24 185 03 2675 60 6009 53 1206124 3078 76 19 2757 86 4579 22 524 96ComptrollerGenerals Eeport 631 19 Paid stockholders for interest or dividends 6000 00 20 Commissions to agents less commission on reinsurance First years premiums 50461975 renewal premiums 9920678 accident riders 3538 health riders 3000 total 603891 91 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 37086 46 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 23707 74 24 Branch office expenses including salaries of managers and clerks not included in item 22 36941 45 25 Medical examiners fees 5984890 inspection of risks 1737545 total 77224 35 26 Salaries and all other compensation of officers directors trustees and home office employees 116759 92 27 Rent 8275 00 28 Advertising 629066 printing and stationery 2836240 postage telegraph telephone and express 1450040 exchange 175630 total 50909 76 29 Legal expense not included in item 16 3232 76 30 Furniture fixtures and safes 2425 45 33 State tax on premiums 36040 32 34 Insurance department licenses and fees 8602 95 36 Federal corporation tax 114479 municipal licenses and taxes 1364596 total 13790 55 37 State licenses and taxes other than on premiums 12208 03 38 Paid for examination of company by Insurance Department 266 7 29 40 Agents bond premiums 77513 collection of premiums 170064 total 2533 77 41 Incidental office expenses 4023 41 42 Investment expenses 5430 40 43 Paid Hartford L I Co per reinsurance contract 260000 00 44 Expenses of merger of Hartford Life Insurance Co and VI issouri State Life Insurance Co 9144 86 45 Expenses of 1913 convention of 100000 Club 7577 50 46 Agents balances charged off 275 34 47 Gross loss on sale or maturity of ledger assets viz lionds 3708 65 48 Gross decrease by adjustment in book value of ledger as sets viz Mortgage loans 30245 00 Collateral loans 50000 00 49 Total disbursements 2630367 46 IVLedger Assets 2 Mortgage loans on real estate first liens 6180558 62 3 Loans secured by pledge of bonds stocks or other collateral 445000 00632 ComptrollerGenerals Report 4 Loans made to policyholders on this com panys policies assigned as collateral 1487127 IB 5 Premium notes on policies in force of which 79472 is for first years premiums 27229 83 6 Book value of bonds 55625 00 7 Cash in companys office 19762 38 8 Deposits in trust companies and banks not on interest b2071 93 9 Deposits in trust companies and banks on interest 217407 61 10 Bills receivable 313397 agents balances debit 8468956 credit 407486 net 8061470 total 111947 67 12 Total ledger assets 8605730 19 NonLedger Assets 13 Interest due 2790369 and accrued 221 67221 on mortgages 2495575 90 14 Interest accrued on bonds 995 05 15 Interest accrued on collateral loans 10065 00 16 Interest accrued on premium notes policy loans or liens 6337 60 17 Interest accrued on other assets On certifi cate of deposit 49266 on daily bank balances 17127 total 663 93 21 Total interest and rents due and accrued 267637 48 25 iross premiums due and unreported on policies in force December 31 1913 less reinsurance premiums 195556 16 26 Gross deferred premiums on policies in force December 31 1913 less reinsurance pre miums 167968 08 27 Totals 28 Deduct loading 363524 24 59164 59 29 Net amount of uncollected and deferred premiums 294359 65 35 Gross assets 9167727 32 Deduct Assets Not Admitted 38 Agents debit balances gross 40 Hills receivable 41 Premium notes and loans on policies and net premiums in Item 29 in excess of the net value of their policies 84689 56 31332 97 15801 92ComptrollerGenerals Eeport 633 43 Book value of ledger assets over market value viz 1913 bank items taken out in 1914 176 88 44 Loans on policies terminated in 1913 loans taken out in 1914 874 33 45 Bonds paid 57000 book 55625 mar ket 53510 total 2115 00 Total 134 C6 46 Admitted assets 9032733 66 VLiabilities Surplus and Other Bunds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the com pany on the following tables of mortality and rates of interest viz 1 Actuaries tables at 4 per cent on all poli cies dated prior to 1901 and on all policies bearing number below 24000 and dated prior to 1906 1858695 00 Same for reversionary additions 853 00 2 American experience table at 3 per cent on all participating life and endowment pol icies bearing number above 24000 and below 250000 except limited payment life guaranteed paid up addition policies 1153694 00 Same for reversionary additions 2813 00 3 American experience table at 3 per cent on all policies dated 1901 and after ex cept as noted above 3922640 00 Same for reversionary additions 2123 00 5 Net present value of annuities McClintoeks annuitant table at 3 percent 16885 00 Actuaries table at 4 per cent 17 35 American experience table at 3 per cent 1185 50 American experience table at 3 per cent 3465 06 Totaj 6962370 91 6 Deduct net value of risks of this company reinsured in other solvent companies 18414 00 Balance 6943956 91 7 Extra reserve for total and permanent dis ability benefits 1080086 and for ad ditional accidental death benefits 1 10661 included in life policies 11907 47 8 Net reserve 6955864 38634 ComptrollerGenerals Beport 9 Present value of amounts not yet due on supplementary eon tracts not involving life contingencies 10 Liability on policies cancelled and not included in net re serve upon which a surrender value may be demanded 12 Claims for death losses in process of ad justment or adjusted and not due 13 Claims for death losses reported for which no proofs have been received Reserve for net death losses incurred but un reported Claims for matured endowments due and un paid Claims for death losses and other policy claims resisted by the company 17 Claims for total and permanent disability benefits 23569 09 3357 65 14 15 16 14570 85 17384 00 2000 00 2100 00 3500 00 1000 00 19 21 22 23 24 25 27 28 29 33 34 35 36 38 3D 40 47 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 due to agents on premium notes when paid Commissions to agents due or accrued Salaries rents office expenses bills and accounts due or accrued Medical examiners fees due or accrued 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 polieyholders including those contingent on payment of outstanding and deferred pre miums Dividends declared mi or apportioned to annual dividend policies payable to polieyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise Dividends declared on or apportioned to deferred dividend policies payable to polieyholders during 1914 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend pedicles not included in item 35 Trust fund and trust fund dividend policies For occupat ions extra premiums l pit ill stock Onassigned funds surplus 40554 85 11510 82 17049 41 30271 21 1150 10 8347 70 6701 99 4710 HO 44243 40 21129 70 31378 7 71854 65 282907 44 3020 92 1235 84 1000000 10 473513 72 48 Total 9032730 00COMPTROLLERGrENERAL S REPORT 635 Business in the State of Georgia During the Year 17 Policies on the lives of citizens of said State in force De cember 31 of previous year 675319 00 17a Policies on the lives of citizens of said State issued by re insurance 585849 00 18 Policies on the lives of citizens of said State issued during the year 246332 00 19 Total 1507500 00 20 Deduct ceased to be in force during the year 291931 00 21 Policies in force December 31 1215569 00 22 Losses and claims unpaid December 31 of previous year 1000 00 23 Losses and claims incurring during year 10183 00 24 Total 11183 00 25 Losses and claims settled during the year in cash 11169 00 26 Losses and claims unpaid December 31 14 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 43079 32 MUTUAL BENEFIT LIFE INSURANCE COMPANY Frederick Frelinghuysen President J William Johnson Secretary Robert L Foreman Attorney for Service ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year151670172 75 4 Extended at151670175 75 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 2625552 03 6 Surrender values applied to pay first years premiums 15005 22 7 Total first years premiums on original poli cies 2640557 25 8 Dividends applied to purchase paidup addi tions and annuities 526782 98636 ComptrollerGenerals Report 9 Surrener values applied to purchase paidup insurance and annuities 534 00 10 Consideration for original annuities involv ing life contingencies 31824 00 1 2 Total new premiums 3199698 2 13 Renewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses 16975462 07 14 Dividends applied to pay renewal premiums 3119344 38 15 Dividends applied to shorten the endowment or premiumpaying period 595479 84 16 Surrender values applied to pay renewal premiums 26557 01 17 Renewal premiums for deferred annuities 19028 84 18 Total renewal premiums 20736773 14 20 Total premium income 23936471 37 21 Consideration for supplementary contracts not involving life contingencies 658960 94 24 Gross interest on mortgage loans 3883736 39 25 Gross interest on collateral loans 90142 47 26 Gross interest on bonds and dividends on stocks less 1868863 accrued interest on bonds acquired during 1913 1874732 01 27 Gross interest on premium notes policy loans or liens 1662053 61 28 Gross interest on deposits in trust compa nies and banks 33462 27 30 Agents accounts 770 72 32 Gross discount on claims paid i advance 61 83 33 Gross rent from companys property 99386 92 34 Total gross interest and rents 76 14346 22 38 Withheld income taxes 41 67 39 Net amount recovered on account of defaulted Colorado State warrants 26150 95 40 Recovered from trustee in bankruptcy 883 00 42 Gross profit on sale or maturiay of ledger assets viz Real estate 84807 bonds 159704 total 2145 71 43 Gross increase by adjustment in book value of ledger as sets viz Bonds t 8 325 00 44 Total income 5 32287 92 I 86 IIIDisbursements 1 For death claims 668446128 additions 15494754 total 6823408 82ComptrollerGenerals Report 2 For matured endowments 162787912 ad 637 ditions 13669488 total 1764574 00 4 Net amounts paid for losses and matured endowments 5 For annuities involving life contingencies 6 Premium notes and liens voided by lapse 7 Surrender values paid in cash or applied in liquidation of loans or notes 8 Surrender values applied to pay new premiums 1500522 to pay renewal premiums 2655701 total 9 Surrender values applied to purchase paidup insurance and annuities 10 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes 11 Dividends applied to pay renewal premiums 12 Dividends applied to shorten the endowment or premium paying period 13 Dividends applied to purchase paidup additions and an nuities 15 Total paid policyholders i 16 Expense of investigation and settlement of policy claims including 126215 for legal expense 17 Paid for claims on supplementary contracts not involving life contingencies 20 Commissions to agents less commission on reinsurance First years premiums 112627106 renewal premiums 128207099 annuities original 147128 renewal 41184 total 21 Commuted renewal commissions 22 Compensation of managers and agents not paid by commis sion for services in obtaining new insurance 23v Agency supervision and traveling expenses of supervisors except compensation for home office supervision 24 Agency expenses including salaries of managers and clerks not included in item 22 25 Medical examiners fees 19246000 inspection of risks 953115 total 26 Salaries and all other compensation of officers directors trustees and home office employees 27 Rent 28 Advertising 2401006 printing and stationery 2739573 postage telegraph telephone and express 5410928 total 29 Legal expense not included in item 16 30 Furniture fixtures and safes 31 Repairs and expenses other than taxes on real estate 32 Taxes on real estate 33 State taxes on premiums 159146 46 6343 87 3461569 24 41562 23 534 00 600003 45 3119344 38 595479 84 526782 98 67098749 27 1319 81 330803 12 2410225 17 23698 25 287 81 50912 94 19887 12 201991 15 455260 55 82264 06 105515 07 38863 52 2238 23 32238 60 70190 96 275026 46638 ComptrollerGenerals Keport 34 Insurance department licenses and fees 19991 14 36 Federal corporation tax 12372 31 37 State county and municipal taxes 184560 58 38 County and municipal licenses 7714 11 40 Mortgage loan expense 31459 07 41 Heat and light 1255036 restaurant 2099191 total 33542 27 42 Laundry and extra janitor service 214548 home office supplies 1390507 total 1605055 43 Home office repairs 122645 inspection and detective service 123950 total 2465 95 44 Special street lighting assessment 14376 petty cash 75519 total 898 95 45 Miscellaneous 1999 17 47 Gross loss on sale or maturity of ledger assets viz Real estate 2500 00 48 Gross decrease by adjustment in book value of ledger as sets viz Real estate 8358614 bonds 8185625 total 165442 39 49 Total disbursements 216784438 58 IVLedger Assets 1 Book value of real estate 3184836 30 2 Mortgage loans on real estate first liens 80379853 15 3 Loans secured by pledge of bonds stocks or other collateral 3250000 00 4 Loans made to policyholders on this com panys policies assigned as collateral or secured by terms of policies 24574735 10 5 Premium notes on policies in force of which 300154 is for first years premiums 6085783 33 6 Book value of bonds 43357340 71 7 ash in companys office 3 904 10 8 Deposits in trust companies and banks not ii interest 109813 77 9 Deposits in trust companies and banks on interest 1321434 04 in Agents balances debit 1740311 credit 547158 net 1931 53 12 Total ledger assets 162279632 03 NonLedger Assets 13 nteresl due 1370102 and accrued 1 850S3217 on mortgages 1864534 09 14 Interest accrued on bonds 660779 42ComptrollerGenerals Report 639 16 Interest due 13385742 and accrued 737 19388 on premium notes policy loans or liens 871051 30 21 Total interest and rents due and accrued 3396364 81 ISTew Business Renewals 25 Gross premiums due and un reported on policies in force December 31 1913 less reinsurance pre miums 36518 93 946672 92 26 Gross deferred premiums on policies in force Decem ber 31 1913 less rein surance premiums 239627 67 1468899 69 27 Totals 276146 60 241557161 28 Deduct loading 20 per cent 55229 32 483114 52 29 Net amount of uncollected and deferred premiums 220917 28 1932458 09 2153375 37 35 Gross assets 167829372 21 Deduct Assets Not Admitted 38 Agents debit balances gross 17403 11 43 Book value of ledger assets over market value viz Bonds 1669724 99 Total 1687128 10 46 Admitted assets 166142244 11 VLiabilities Surplus and Other Funds Net present value of all outstanding policies in force on the 31st day of December 1913 as computed by the New Jer sey Department on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on participat ing policies issued prior to January 1 19001 including special allowance for surrender values guaranteed by the com pany on the American 3 per cent basis 60380932 00 Same for reversionary additions 4014131 00 Total 64395063 00640 ComptrollerGenerals Beport 2 American experience table at 3 per cent on all policies issued since December 1 1899 and on all nonparticipating policies 83318440 00 Same for reversionary additions 1321270 00 Total 84639710 00 5 Net present value of annuities McClintock 3 per cent 1988304 00 Total 151023077 00 9 Present value of amounts not yet due on supplementary con tracts not involving life contingencies computed by the company 2554118 01 12 Claims for death losses in process of ad justment or adjusted and not due 146744 35 13 Claims for death losses reported for which no proofs have been received 148441 00 14 Reserve for net death losses incurred but un reported estimated 251559 00 15 Claims for matured endowments due and unpaid 69482 00 16 Claims for death losses and other policy claims resisted by the company 30048 60 19 23 25 26 28 29 33 34 Total policy claims Premiums paid in advance including surrender values so applied Unearned interest and rent paid in advance Commissions to agents due or accrued Cost of collection on uncollected and deferred premiums in excess of the loading thereon Salaries rents office expenses bills and accounts due or accrued estimated Medicd examiners fees due or accrued 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 deferred pre miums Dividends declared on or apportioned to annual dividend pol icies payable to policyholders during 1914 whether con tingent upon the payment of renewal premiums or otherwise regular dividends 430894777 special divi dends 8617S9511 Reserve special or surplus funds not included above Con tingency reserve funds suspended mortality fund 3762 33200 dividend equalization fund 12567009 security 646274 95 78997 01 2135 77 13581 85 02547 20 50000 00 15827 00 526000 00 556242 88 5170737 32OomptrollebGeneeals Eepoet 641 fluctuation and real estate depreciation fund 1554 66136 total 5442663 45 41 All other liabilities Withheld income taxes 41 67 48 Total 166142244 11 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 7934 16585687 00 18 Policies on the lives of citizens of said State is sued during the year 1394 2760216 00 19 Total 9328 19345903 00 20 Deduct ceased to be in force during the year 561 1115141 00 21 Policies in force December 31 8767 18230762 00 22 Losses and claims unpaid December 31 of pre vious year 2 16500 00 23 Losses and claims incurred during year 79 164037 00 24 Total 81 180537 00 25 Losses and claims settled during the year in cash 16896300 by compromise 1157400 total 81 180537 00 THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK Home Office 34 Nassau Street New York City N Y Charles A Peabody President W J Easton W F Dix Secys Eobert P Shedden Atlanta Attorney for Service ICapital Stock 2 Amount of ledger assets as per balance Dec 31 of previous year 584254631 06 4 Extended at584254631 06 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 3030682 for first years reinsurance 5844902 18642 ComptrollerGenerals Report 6 Surrender values applied to pay first year s premiums 4416 02 7 Total first years premiums on original policies 5889067 80 8 Dividends applied to purchase paid up ad ditions and annuities 2379790 32 10 Consideration for original annuities n volvng life contingencies 486698 12 11 Consideration for supplementary contracts involving life contingencies 931250 36 12 Total new premiums 96S6806 60 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 10949871 for reinsurance on renewals 44195164 55 14 Dividends applied to pay renewal prem iums 3611429 60 16 Surrender values applied to pay renewal premiums 438785 89 17 Renewal premiums for deferred annuities 11609 56 18 Total renewal premiums 48256989 60 19 Extra premiums for total and permanent disability bene fits 10253 86 20 Total premium income 57954050 06 21 Consideration for supplementary contracts not involving life contingencies 435496 11 22 Dividends left with the company to accumulate at in terest 96779 91 24 Gross interest on mortgage loans 6530969 60 25 Cross interest on collateral loans 15000 00 26 Gross interest on bonds and dividends on stocks less 19302959 accrued interest on bonds acquired during 1913 14890697 60 27 Gross interest on premium notes policy loans or liens 4278552 75 28 Gross interest on deposits in trust com panies and banks 135889 42 29 Gross interest on other debts due the com pany Interest on deferred premiums overdue premiums and interest 124265 20 Interest on real estate contracts 4646 13ComptrollerGexerals Report 043 33 Gross rents from companys property in cluding 33190220 for companys occu pancy of its own buildings 1495905 15 34 Total gross interest and rents 27475925 85 35 From other sources Stamp tax collections 816280 cash over 1782 policy fees 267310 premium ex tension fee 3691588 collection or deposits received for account of others riot paid out 12363473 171404 33 40 Deposits on act of pending insurance 24880 50 41 From agents balances previously charged off 9285 57 42 Gross profit on sale or maturity of ledger assets viz Eeal estate 1589250 bonds 20163922 stocks 49356 19 total 266887 91 43 Gross increase by adjustment in book value of ledger assets viz Bonds 314780 19 44 Total income 86749490 43 IIIDisbursements 1 For death claims 2222896450 additions 110380428 total 23332769 28 2 For matured endowments 737676837 ad ditions 3510400 total 7411872 37 4 Xet amounts paid for losses and matured endowments 30744641 65 5 For annuities involving life contingencies 2705627 33 7 Surrender values paid in cash or applied in liquidation of loans or notes 12246062 87 8 Surrender values applied to pay new premiums 44 16562 to pay renewal premiums 43878589 482951 51 10 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 11113730 66 11 Dividends applied to pay renewal premiums 3611429 60 13 Dividends applied to purchase paid up additions and an nuities 2379790 32 14 Dividends left with the Company to accumulate at in terest 96779 91 15 Total paid policyholders 63381013 85 16 Expense of investigation and settlement of policy claims including 3864761 for legal expense 51451 66 17 Paid for claims on supplementary contracts not involving life contingencies 351058 53 18 Dividends and interest thereon held on deposit surrendered during the year 25920 13644 CompteolleeGenebals Eepoet 20 Commissions to agents less commission on reinsurance First years premiums 258147895 renewal prem iums 154093068 annuities original 2257777 renewal 9630 total 4145083 70 22 Compensation of managers and agents not paid by com mission for service in obtaining new insurance 217861 91 23 Agency supervision and traveling expenses of supervis ors except compensation for home office supervision 760126 82 24 Branch office expenses including salaries of managers and clerks not included in item 22 832505 79 25 Medical examiners fees 37550489 inspection of risks 7072340 446228 29 26 Salaries and all other compensation of officers directors trustees and home office employees 1403314 34 27 Eent including 33190220 for companys occupancy of its own buildings less 240707 received under sub lease 542057 90 28 Advertising 5965963 printing and stationery 162 24708 postage telegraph telephone and express 22818797 exchange 809751 458192 19 29 Legal expense not included in item 16 1894019 legis lative 1778951 36729 70 30 Furniture fixtures and safes including repair and maintenance 59282 30 31 Repairs and expenses other than taxes on real estate 462697 81 32 Taxes on real estate 365840 75 33 State taxes on premiums 695151 92 34 Insurance department licenses and fees 31629 64 35 All otheT licenses fees and taxes Federal corporation tax 12733511 mtg tax 6000 local tax on prem iums 549665 personal property school levee and pub lication tax in IT S 154895 stock transfer tax 11002 foreign taxes other than on premiums 24 1H028 foreign tax on interest 202598 duty 1 45535 162132 34 39 Other disbursements Other investment expenses 5 86900 traveling general officers employees 9974077 law library 324936 cost of election anl election lists 2363757 general audits 790801 office supplies and expenses home office 1203585 list of state examina tions 587715 reports to governments 280121 association membership 1111563 172234 55 Loss on account of banTr suspension 21 45 Disbursed from amounts held for ac Sundry parties 24790 13 46 Agents balances charged off 44097 87 47 Gross loss on sale or maturity of ledger assets viz Real estate 72000 bonds 6263861 63358 61 ComptrollerGenerals Report 645 48 Gross decrease by adjustment in book value of ledger assets viz Bonds 123762 79 49 Total disbursements 74856679 73 IVLedger Assets 1 Book value of real estate 23548626 96 2 Mortgage loans on real estate il33873225 46 3 Loans secured by pledge of bonds stocks or other collateral 1000000 00 4 Loans made to policyholders on this com panys policies assigned as collateral 88184039 49 6 Book value of bonds 31891244748 and stocks 2773490161 346647349 09 7 Cash in companys office 3994977 Cash in transit since received 63000 00 8 Deposits in trust companies and banks not on interest 242581 44 9 Deposits in trust companies and banks on interest 1899742 02 Advanced or deposited to pay policy claims 528413 45 10 Agents balances debit 37108 28 11 Accounts collectible 4094794 supplies 2872891 69676 85 lli Cash advanced to or in the hands of officers and employees 13728 95 12 Total ledger assets 596147441 76 NonLedger Assets 13 Interest due 3586918 and accrued 1 76657809 on mortgages 1802447 27 14 Interest due 19431 and accrued 4668 05963 on bonds 4668253 94 15 Interest accrued en collateral loans 8611 11 16 Interest accrued on premium notes policy loans or liens 144955 64 17 Interest on other assets Accrued on de posits 9911 30 19 Interest accrued on contracts 435 05 20 Bents due 442341 and accrued 104 96885 on companys property or lease 149199 29 21 Total interest and rents due and accrued 6783813 60 23 Market value not including interest in Item 14 of bonds and stocks over book value 28321 50646 ComptrollerGenerals Keport 25 Gross premiums due and unreported on policies in force Dec 31 1913 less re insurance premiums 3135519 40 26 Gross deferred premiums on policies in force Dee 31 1913 less reinsurance premiums 27 Totals 5699975 27 28 Deduct loading 1481993 55 29 Net amount of uncollected and deferred premiums 4217981 72 35 Gross assets607177558 58 Deduct Assets Not Admitted 37 Supplies stationery printed matter 28728 91 38 Agents debit balances gross 37108 28 39 Cash advanced to or in the hands of offi cers or agents 13728 93 43 Book value of ledger assets over market value viz Accounts collectable 40947 94 45 Total 120514 OS 46 Admitted assets 607057044 50 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1913 as computed by the Insurance Dept of N Y on the following tables of mortality and rates of interest viz 2 American Experience table at 3 per cent on policies issued prior to Jan 1 1907405620185 00 Same for reversionary additions 8264581 00 3 American Experience table at 3 per cent on policies issued after Dec 31 1906 42516005 00 Same for reversionary additions 8523791 00 5 Net present value of annuities including those in reduction of premiums McClintock Annuity table at 3i per cent on annuities issued prior to Jan 1st 1907 18763351 00 3 per cent on annuities issued after Dec 31st 1906 9988396 00ComptrollerGenerals Eeport 647 American Experience table at 3 per cent 1554 at 3 per cent 7710 on dividend additions to survivorship annuities 3264 00 Total493079573 00 6 Deduct net value or risks of this company reinsured in other solvent companies 41197 00 49303S376 00 7 Extra reserve for total and permanent dis ability benefits 5190 00 8 Net reserve493043566 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 3546255 94 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 113424 92 11 Claims for death losses due and unpaid 364910 10 12 Claims for death losses in process of ad justment or adjusted and not due 445742 67 13 Claims for death losses reported for which no proofs have been received 1764549 87 14 Keserve for net death losses incurred but unreported 250000 00 15 Claims for matured endowments due and unpaid 244204 26 16 Claims for death losses and other policy claims resisted by the company 935862 37 18 Due and unpaid on annuity claims involv ing life contingencies 140769 66 19 Total policy claims 4146038 93 20 Due and unpaid on supplementary contracts not involving life contingencies 2625 84 21 Dividends left with the company to accumulate at inter est and accrued interest thereon 297J945 87 22 Premiums paid in advance including surrender values so applied 298543 01 23 Unearned interest and rent paid in advance 1662806 66 25 Commissions to agents due or accrued 31907 19 27 Salaries rents office expenses bills and accounts due or accrued 22648 27 28 Medical examiners fees 332107 and legal fees 5080 or accrued 3371 87 Taxes due and accrued 90778 61648 ComptrollerGenerals Eepoet 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 656725 S7 33 Dividends or other profits due policyholders including thoe contingent on payment of outstanding and de ferred premiums 3038017 Tl 34 Dividends declared on or apportioned to annual diilnd policies payable to policyholders during Vi14 whether contingent upon tha payment of renewal premiums or otherwise 6555608 03 35 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1914 11522932 85 30 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 35 72655877 60 37 Reserve special or surplus funds not included above 39 Fund for depreciation of securities and general con tingencies 10967506 22 42 Deposits on account of pending insurance 105216 49 43 Due sundry parties for collection on deposits held for their account 295246 51 48 Total607057044 50 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 year13040 28267613 20 18 Policies on the lives of citizens of said state issued during the year 1420 3473430 80 19 Total 14460 31741044 00 20 Deduct ceased to be in force during the year 1023 2396588 80 21 Policies in force Dec 31 191313437 29344455 20 22 Losses and claims unpaid Dec 31 of previous year 9 12708 43 23 Losses and claims incurred during year204 576141 43 25 Losses and claims settled during the year in cash 200 550924 00 26 Losses and claims unpaid Dec 1913 13 37925 00 26 Losses on claims unpaid Dec 31 1913 13 37921 4 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 1002798 52ComptkolleeGenerals Beport 649 THE NATIONAL LIFE AND ACCIDENT INSURANCE COMPANY Home Office Nashville Tenn C A Craig President C B Clement Secretary G C Lynch 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 previous year 882124 27 4 Extended at 882124 27 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 56 274 22 18 Total renewal premiums 2 767 777 77 20 Total premium income 2 824 051 99 24 Gross interest on mortgage loans less 50215 accrued interest on mortgages ac quired during 1913 25 Gross interest on collateral loans 26 Gross interest on bonds and dividends on stocks less 3750 accrued interest on bonds acquired during 1913 28 Gross interest on deposits in trust companies and banks 33 Gross rent from companys property in cluding 5000 for companys occupancy of its own buildings 35369 18 4363 53 4393 84 603 94 5000 00 34 Total gross interest and rents 37 Agency contract 38 Deposit by agents for bond 41 From agents balances previously charged off 42 Gross profit on sale or maturity of ledger assets siz Bonds 49730 49 3377 92 7995 98 54 38 180 00 44 Total income 2885390 7C IIIDisbursements 1 For death claims 203 634 12 2 For disability claim 856125 76 15 Total paid policyholders 059 759 gg650 ComptrollerGenerals Eeport 16 Expense of investigation and settlement of policy claim including legal expense 1709 79 19 Paid stockholders for interest or dividends 50000 00 20 Commissions to agents less commission on reinsurance 957881 59 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 19487 10 24 Branch office expenses including salaries of managers and clerks not included in item 22 346985 03 25 Medical examiners fees 2103 00 26 Salaries and all other compensation of officers directors trustees and home office employees 67964 14 27 Eent including 5000 for company s occupancy of its own buildings 30956 28 28 Advertising 686323 printing and stationery 1640532 postage telegraph telephone and express 1080791 ex change 6712 total 34143 58 29 Legal expense not included in item 16 702 43 30 Furniture fixtures and safes 8451 81 31 Repairs and expenses other than taxes on real estate 797 74 32 Taxes on real estate and personalty 6596 10 33 State taxes on premiums 28171 38 34 Insurance department licenses and fees 1310 45 36 Federal corporation tax 1316 2 38 Municipal tax 3372 51 41 Purchase account life business 17067 26 42 Interest agents bonds 123 38 43 General expenses 6731 80 44 Stock and carriage and security bond 2545 01 46 Agents balances charged off 307 87 47 Gross loss on sale or maturity of ledger assets viz Bonds 9 02 48 Gross decrease by adjustment in book value of ledger as sets viz Real estate loans 325 00 49 Total disbursements 2648818 44 IVLedger Assets 1 Book value of real estate 71326 59 2 Mortgage loans on real estate 745790 43 3 Loans secured by pledge of bonds stocks or other collateral 103360 00 6 Book value of bonds 9227486 and stocks 1000 total 93274 86 7 Cash in company s offices 10285 78 8 Deposits in trust companies and banks not on interest 7S225 13 9 Deposits in trust companies and banks on interest 13129 23ComptrollerGenerals Eeport 651 10 Bills receivable 300 agents balances debit 317509 credit 217052 net 100457 total 11 Stock and carriage 1304 57 2000 00 12 Total ledger assets 1118696 59 NonLedger Assets 13 Interest due 94186 and accrued 10 55943 on mortgages 11501 19 14 Interest accrued on bonds 354 17 15 Interest due 1080 and accrued 57434 on collateral loans 584 14 21 Total interest and rents due and accrued 26 Gross deferred premiums on policies in force December 31 1913 less reinsurance pre miums 34056 31 28 Deduct loading 13644 62 29 Net amount of uneollected and deferred premiums 35 Gross assets 12440 50 20411 69 1151548 78 Deduct Assets Not Admitted 37 Stocks and carriage 38 Agents debit balances gross 40 Bills receivable 44 Stock 45 Bond 2000 00 3175 09 300 00 650 00 3684 86 46 Admitted assets l 141 738 83 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the Ten nessee Insurance Department on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent 2 American experience table at 4 per cent Total 7 Extra reserve for total and permanent disability benefits 8 Net reserve 12 Claims for death losses in process of ad justment or adjusted and not due 3368 39 348393 34 30795 92 379189 26 28229 42 407418 68652 ComptrollerGenerals Report 33 Claims for losses in processes of adjustment accident department 2M1 95 16 Claims for death losses and other policy claims resisted by accident department 2546 24 19 Total policy claims 8156 58 22 Premiums paid in advance including surrender values so applied 67133 06 25 Commissions to agents due or accrued 27487 42 27 Salaries rents office expenses bills and accounts due or ac crued 4923 05 28 Legal fees due or accrued 114 00 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 32677 46 38 Special disability reserve 29154 78 39 Contingent reserve 150000 00 43 Deposits by agents for bond 25965 65 44 Interest agents for bond 520 00 46 Capital stock 200000 00 47 TJnassigned funds surplus 188188 15 48 Total 1141738 83 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 4181 176438 00 18 Policies on the lives of citizens of said State is sued during the year 9481 439918 00 19 Total 13662 616356 00 20 Deduct ceased to be in force during the year 6714 293969 00 21 Policies in force December 31 6948 322387 00 22 Losses and claims unpaid December 31 of pre vious year 4 52 50 23 Losses and claims incurred during year 3608 14013 17 24 Total 3612 14065 67 25 Losses and claims settled during the year 3610 13984 57 26 Losses and claims unpaid December 31 2 81 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 4379S 20ComptrollerGenerals Beport 653 NATIONAL LIFE INSURANCE COMPANY Joseph A DeBoer President Osman D Clark Secretary Geo M Hope Co Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance Dec 31 of previous year 54261620 53 4 Extended at 54261620 53 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 651480 36 6 urrender values applied to pay first years premiums 347 05 7 Total first years premiums on original policies 651827 41 8 Dividends applied to purchase paid up ad ditions and annuities 42163 12 10 Consideration for original annuities involv ing life contingencies 497067 18 11 Consideration for supplementary contracts involving life contingencies 11817 87 12 Total new premiums 1202875 58 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses 5191629 73 14 Dividends applied to pay renewal prem iums 486132 57 15 Dividends applied to shorten the endow ment or premium paying period 10595 87 16 Surrender values applied to pay renewal premiums 257 55 17 Renewal premiums for deferrel annuities 1707 35 18 Total renewal premiums 5690323 07 20 Total premium income 6893198 65 21 Consideration for supplementary contracts not involving life contingencies 41525 96 22 Dividends left with the company to accumulate at in terest 481 10 654 ComptrollerGenerals 24 Gross interest on mortgage loans less 2504821 accrued interest on mortgages acquired during 1913 Report 1377504 66 802962 44 518586 16 17625 83 5802 64 3739 90 357 66 24504 47 2751083 392 294 9375 2022 76 33 14 35 50 26 Gross interest on bonds and dividends on stocks less 506472 accrued interest on bonds acquired during 1913 27 Gross interest on premium notes policy loans or liens 28 Gross interest on deposits in trust com29 Gross interest on other debts due the company Gross interest on premiums 31 Gross interest on nonledger assets 32 Gross discount on claims paid in advance 33 Gross rent from companys property including 1000000 for companys occu 38 Recovered on policy loan previously charged 39 Eecovered premium tendered on contested 221707 Heilig off claim No 41 From agents balances previously charged off 42 Gross profits on sale or maturity of ledger Heal estate 173750 Bonds 28500 assets viz 43 Gross increase by adjustment in book value of ledger assets viz Bonds 2765 75 44 Total income 9701139 54 IIIDisbursements 1 For death claims 164748047 additions 367761 total 1651158 08 2 For matured endowments 75494000 ad ditions 108748 756027 48 4 Net amounts paid for losses and matured endowments 2407185 56 5 For annuities involving life contingencies 519623 00 7 Surrender values paid in cash or applied in liquidation of loans or notes 1232852 90 8 Surrender values applied to pay new premiums 34705 to pay renewal premiums 25755 604 60 10 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 495796 03 11 Dividends applied to pay renewal premiums 486132 57 12 Dividends applied to shorten the endowment or premium paying period 10595 87ComptrollerGenerals Eeport 655 13 Dividends applied to purchase paid up additions and annuities 42163 12 14 Dividends left with the company to accumulate at interest 481 10 15 Total paid policyholders 5195434 75 16 Kxpense of investigation and settlement of policy claims including 247067 for legal expense 2544 77 17 Paid for claims on supplementary contracts not involv ing life Contingencies 19254 35 18 Dividends and interest thereon held on deposit surrender ed during the year 160 86 20 Commissions to agents less commission on reinsurance First years premiums 30028079 re newal premiums 38576411 annuities original 24 85279 renewal 6623 710963 92 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 1233 00 23 Agency supervision for home office supervision 17807 41 24 Branch office expenses including salaries of managers and clarks not included in item 22 89018 58 25 Medical examiners fees 5124900 inspection of risks 654898 57797 98 26 Salaries and all other compensation of officers directors trustees and home office employees 182622 19 27 Rent including 1000000 for companys occupancy of its own buildings 54651 23 28 Advertising 1939890 printing and stationery 20 74849 postage telegraph telephone and express 2597079 exchange 82208 66940 26 29 Legal expense not included in item 16 410 70 30 Furniture fixtures and safes 6955 42 31 Repairs and expenses other than taxes on real estate 6266 33 32 Taxes on real estate 4859 88 33 State taxes on premiums 113575 88 34 Insurance department licenses and fees 6700 93 35 All other licenses fees and taxes Federal corporation tax 12820 15 37 Surplus tax 66096 48 38 Municipal licenses 203953 personal property tax 10075 total 2140 28 39 Other disbursements Home office supplies 16568 68 41 Home office travel 603 15 42 Investment expense 44578 96 46 Agents balances charged off 3358 13 47 Gross loss on sale or maturity of ledger assets viz Bonds 17150656 ComptrollerGenerals Eeport 48 49 9 10 12 13 14 16 17 18 20 Gross decrease by adjustment in book value of ledger assets viz Eeal estate 8500 00 Bonds 9900 87 Total disbursements 6701936 64 IVLedger Assets Book value of real estate 240000 00 Mortgage loans on real estate 28038775 90 Loans made to policyholders on this com panys policies assigned as collateral 7555336 70 Premium notes on policies in force 1984742 77 Book value of bonds 18799779 96 Cash in companys office 768 74 Deposits in trust companies and banks not on interest 32500 00 Deposits in trust companies and banks on interest 603267 57 Agents balances debit 573065 credit 7886 net 565179 5651 79 Total ledger assets 57260823 43 NonLedger Assets Interest due 387375 and accrued 738 01847 on mortgages 741892 22 Interest due 3600 and accrued 286 30659 on bonds 286342 59 Interest due 4536934 and accrued 263 69740 on premium notes policy loans or liens 309066 74 Interest accrued 122004 on other assets 1220 04 Interest due 13573 on premiums 135 73 Rents accrued on Companys property or lease 295 87 21 Total interest and rents due and accrued 1338953 19 25 Gross premiums due and unreported on policies in force Dec 31 1913 less re insurance premiums 446540 99 26 Gross deferred premiums on policiesc in force Dec 31 1913 less reinsurance premiums 566640 23 27 Totals 1013181 22 28 Deduct loading 222338 12 29 Net amount of uncollected and deferred premiums 790843 10 35 Gross assets 59390619 72ComptrollerGenerals Report 657 Deduct Assets Not Admitted 38 Agents debit balances gross 5730 65 41 Premium notes and loans on policies and net value of their policies 175 00 43 Book value of ledger assets over market value viz Bonds 442730 00 46 Admitted assets 58941984 07 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the Actuary on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on all busi ness in force issued prior to January 1 1901 24273279 00 Same for reversionary additions 99233 00 2 American Experience table at 3 per cent on all business in force issued subse quent to Jan 1 1901 20028164 00 Same for reversionary additions 123683 00 5 Net present value of annuities including those in reduction of premiums McGlintons Annuitants tables with in terest at 3 per cent and American 3 per cent on insurance features of an nuities with reversion 5083203 00 8 Net reserve 49608562 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by companys actuary 216294 00 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 3917 49 12 Claims for death losses in process of ad justment or adjusted and not due 9505 00 13 Claims for death losses reported for which no proofs have been received 118806 00 14 BeseTve for net death losses incurred but 15 Beserve for net death losses incurred but unreported 50000 00 15 Claims for matured endowments due and unpaid 3275 00658 ComptrollerGenerals Report 16 Claims for death losses and other policy claims resisted by the company 15112 00 18 Due and unpaid on annuity claims involv ing life contingencies 19127 23 19 Total policy claims 215825 23 21 Dividends left with the company to accumulate at in terest and accrued interest thereon 903 30 22 Premiums paid in advance including surrender values so applied 10071 49 23 Unearned interest and rent paid in advance 1167 24 25 Commission to agents due or accrued 119 81 26 Cost of collection on uncollected and deferred prem iums in excess of the loading thereon 18939 88 27 Salaries rents office expenses bills and accounts due or accrued 25000 00 28 Medical examiners fees 40000 and legal fees 170000 due or accrued 2100 00 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 171735 49 33 Dividends or profits due policyholders including those contingent on payment of outstanding and deferred premiums 54005 82 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 701776 21 35 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1914 491938 64 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 35 4486998 96 37 Reserve special or surplus funds not included above 38 Life Rate endowment extra reserve 165349 21 39 Surplus set apart for payment at termination of insurance 10591 91 42 Real estate taxes accrued 1761 77 47 Unassigned funds surplus 2754925 62 48 Total 58941984 07 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 7063424 32ComptrollerGenerals Report 659 18 Policies on the lives of citizens of said state issued dur ing the year 1842026 81 19 Total 8905451 13 20 Deduct ceased to be in foree during the year 1209688 05 21 Policies in force during the year 7695763 08 22 Losses and claims unpaid Dec 31 of previous year 11000 00 23 Losses and claims incurred during year 57007 00 24 Total 68007 00 25 Losses and claims settled during the year in cash 62000 00 26 Losses and claims unpaid December 31 6007 00 28 Premiums collected or secured in cash and notes or credits without any deduction for losses Dividends commis sions or other expenses 218528 09 NATIONAL LIFE INSURANCE COMPANY OF THE UNITED STATES OF AMERICA A M Johnson President Robert D Lay Secretary Wm 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 Dec 31 of previous year 11230526 48 4 Extended at 11230526 48 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 795599 for first years reinsurance 409640 95 8 Dividends applied to purchase paidup ad ditions and annuities 4854 34 9 Surrender values applied to purchase paid up insurance and annuities 41011 26 12 Total new premiums 455506 55660 ComptbollekGeneeaIis Bepoet 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 19 55503 for reinsurance on renewals 2136146 61 14 Dividends applied to pay renewal prem iums 55466 90 18 Total renewal premiums 2191613 51 19 Extra premiums for total and permanent disability bene fits 441 68 20 Total premium income 2647561 74 21 Consideration for supplementary contracts not involving life contingencies 2S098 95 24 Gross interest on mortgage loans 190116 90 25 Gross interest on collateral loans 4559 13 26 Gross interest on bonds and dividends on stocks less 26888 accrued interest on bonds acquired during 1913 238465 71 27 Gross interest on premium notes policy loans or liens 132475 65 28 Gross interest on deposits in trust com panies and banks 17 H9 85 29 Gross interest on other debts due the com pany 1692 76 33 Gross rent from companys property in cluding 42000 for companys occupancy of its own buildings 27229 74 34 Total gross interest and rents 612009 74 35 From other sources Profit and loss 472 92 41 From agents balances previously charged off 1693 49 42 Gross profit on sale or maturity of ledger assets viz Bonds 2168 75 43 Gross increase by adjustment in book value of ledger assets viz Real estate 26638 28 I I Total income life department 3318 643 87 45 Income casualty department 819634 20 46 Total income 4138278 16 IIIDisbursements 1 For death claims 74920231 additions 8965 60 total 758167 91 2 For matured endowments 625088 00 4 Net amounts paid for losses and matured endowments 1383255 91COMPTROLLERGENEKAlis EEPOET 661 5 Far annuities involving life contingencies 22022 7 6 Premium notes and liens voided by lapse less 104889 restorations 6180 25 7 Surrender values paid in cash or applied in liquidation of loans or notes 463678 21 9 Surrender values applied to purchase paidup insurance and annuities 41011 6 10 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 98llo ol 11 Dividends applied to pay renewal premiums 55466 90 13 Dividends applied to purchase paid up additions and an nuities 4854 34 15 Total paid policyholders 2074585 15 10 Expense of investigation and settlement of policy claims including 69290 for legal expense 1199 90 17 Paid for claims on supplementary contracts not involv ing life contingencies 25011 49 19 Paid stockholders for interest or dividends 50000 00 20 Commissions to agents less commission on reinsurance First years premiums 27541813 renewal premiums 11809802 total 393516 15 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 20833 79 23 Agency supervision and traveling expenses of super visors except compensation for home office super vision 5455 22 24 Branch office expenses including salaries of managers and clerks not included in item 22 2559 4i 25 Medical examiners fees 2856055 inspection of risks 453372 total Mfidi 27 26 Salaries and all other compensation of officers directors trustees and home office employees 165218 JS 27 Rent including 42000 for companys occupancy of its own buildings 25W9 96 28 Advertising 579711 printing and stationery 12 39505 postage telegraph telephone and express 8 14728 exchange 125683 total 27596 27 29 Legal expense not included in item 16 7513 81 30 Furniture fixtures and safes 1 73 S4 31 Repairs and expenses other than taxes on real estate 13848 32 32 Taxes on real estate 4403 44 33 State taxes on premiums 36513 o3 34 Insurance department licenses and fees 5773 85 35 All other licenses fees and taxes Publication of annual statements 690 38 38 All other i046 7562 ComptrollerGenerals Eeport 39 Other disbursements Investment expense 734406 taxes on personal property 146668 association of life insurance presidents 94672 Association of Legal Reserve Life Ins Companies of Illinois 89236 mis cellaneous expense 616888 profit and loss including 1489600 certificates of deposit charged off 15 43147 total 32 ojq 17 46 Agents balances charged off 15351 67 48 Gross decrease by adjustment in book value of ledger assets viz Bonds 25 530 00 Stocks 54557 50 49 Total disbursements life department 3 058 659 31 50 Disbursements casualty department 783o01 23 51 Total disbursements 3jS41660 54 IVLedger Assets 1 Book value of real estate 255 638 09 2 Mortgage loans on real estate first liens 3157041 80 3 Loans secured by pledge of bonds stocks or other collateral go 345 4 4 Loans made to policyholders on this com panys policies assigned as collateral 1852607 04 5 Premium notes on policies in force 189 636 60 6 Book value of bonds 155175406 and stocks 352956240 5081316 4G 7 Cash in company s office 24530 39 8 Deposits in trust companies and banks not 01 intwest 13108 48 9 Deposits in trust companies and banks on interest 778942 87 10 Agents balances debit 6602848 credit including suspense account 266761 npt 6336087 63j360 87 11 Partial payments on death losses that are cariod for full amounts in liabilities 2950 00 Casualty department 47 166 03 12 Total ledger assets llfiu 10 NonLedger Assets 13 Interest due 621107 and accrued 65 10151 on mortgages 71312 58 14 Interest accrued on bonds 10 299 24 15 Interest due 49799 and accrued 25556 on collateral loans 753 55ComptrollerGenerals Report 663 16 Interest accrued on premium notes policy loans or liens 11088 03 17 Interest accrued on other assets 1765 16 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 Dec 31 1913 less reinsurance premiums 64808 06 123580 43 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsurance premiums 7419 70 186015 41 27 Totals 72227 76 309595 84 28 Deduct loading 40945 73 52868 08 29 Net amount of uncollected and deferred premiums 31282 03 256727 76 95218 56 174302 60 288009 79 35 Gross assets 12084675 05 Deduct Assets Not Admitted 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 44 Casualty department 028 48 28991 39 20403 90 45 Total 115423 77 46 Admitted assets 11969251 28 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1913 as computed by the company on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on insurance issued prior to 1913 and part of insur ance issued from 1903 to 1907 inclusive 5188025 00 Same for reversionary additions 697 00664 ComptbolleeGenebals Eeport 2 American Experience table at 3V2 per cent on insurance issued subsequent to 1907 and balance of insurance issued from 1903 to 1907 inclusive 4837907 48 Same for reversionary additions 1978 00 5 Net present value of annuities including those in reduction of premiums Actuaries table at 4 per cent 5866 00 American Experience table at 3 per cent 123662 00 Total 10158135 48 6 Deduct net value of risks of this company reinsured in other solvent companies 41535 00 Total 10116600 48 7 Extra reserve for total and permanent dis ability benefits l26 gj 8 Net reserve 101 35 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 53 qq oj 12 Claims for death losses in process of ad justment or adjusted and not due 13000 00 13 Claims for death losses reported for which no proofs have been received 23919 98 14 Reserve for net death losses incurred but unreported 39i 7 00 15 Claims for matured endowments due and unpaid 4400 00 18 Due and unpaid on annuity claims involv ing life contingencies 2 563 10 19 Total policy claims 7S00 og 22 Premiums paid in advance including surrender values so aPPlka 11386 08 23 I nearned interest ami rent aid in advance 41 473 14 24 Commissions due to agents on premium notes when paid 1 538 15 25 Commissions to agents due or accrued 4 359 gg 26 Cost of collection on uncollected and deferred prom premiums in excess of the loading thereon 2171 73 27 Salaries rents office expenses bills and accounts due or accried 3000 00 28 Medical examiners fees 470 00 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement on 904 47ComptrolleeGeneeals Eepoet 665 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 5521 65 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 21100 15 35 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1914 89569 47 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 35 665278 76 41 All other liabilities Casualty department 149639 07 46 Capital stock 500000 00 47 Unassigned funds surplus 173317 09 48 Total 11969251 28 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 1349 1947450 23 18 Policies on the lives of citizens of said state issued during the year 504581 41 19 Total 366 2452031 64 20 Deduct ceased to be in force during the year 1715 382330 70 21 Policies in force December 31 243 2069700 94 22 Losses and claims unpaid Dec 31 of previous year 1 1000 00 23 Losses and claims incurred during year 22 31811 68 24 Total 23 32811 68 25 Losses and claims settled during the year in cash 3039467 by compromise 37533 30770 00 26 Losses and claims unpaid Dec 31 2041 68 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 7286705 life 3329698 accident and health 96164 03666 ComptrollerGenerals Report NEW ENGLAND MUTUAL LIFE INSURANCE COMPANY Alfred D Foster President J A Barbey Secretary Eobt J Guinn Atlanta Attorney for Service ICapital Stock 2 Amount of ledger assets as per balance Dec 31 of previous year 59939380 53 4 Extended at 59939380 53 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 1013339 39 8 Dividends applied to purchase paid up ad ditions 239414 57 11 Consideration for supplementary contracts involving life contingencies 7142 73 12 Total new premiums 1259896 69 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses 6554269 90 14 Dividends applied to pay renewal prem iums 1277253 64 18 Total renewal premiums 7831523 54 20 Total premium income 9091420 23 21 Consideration for supplementary contracts not involving life contingencies 98478 24 22 Dividends left with the company to accumulate at interest 11767 25 24 Gross interest on mortgage loans less 53050 accrued interest on mortgages acquired during 1913 627430 90 25 Gross interest on collateral Ooans 14602 50 2i Cross interest on bonds and dividends on stocks less 1761683 accrued interest on bonds acquired during 1913 1565142 84 27 Gross interest on premium notes policy loans or liens 467769 50 28 Gross interest on deposits in trust com panies and banks 15623 23 32 iross discount on claims paid in advance 321 28ComptrollerGenerals Report 667 33 Gross Tent from companys property in cluding 4438000 for companys occu pancy of its own buildings 129327 89 34 Total gross interest and rents 2820218 14 35 From other sources Final dividend in liquidation Third National Bank of Boston 7200 final dividend in liqui dation Tremont National Bank of Boston 121600 1288 00 42 Gross profit on sale or maturity of ledger assets viz Bonds 35272 00 44 Total income 12058443 86 IIIDisbursements 1 For death claims 262895100 additions 3545900 2664410 00 2 For matured endowments 60677400 ad ditions 1380100 620575 00 4 Net amounts paid for losses and matured endowments 3284985 00 7 Surrender values paid in cash or applied in liquidation of loans or notes 1085003 66 10 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 182913 01 11 Dividends applied to pay renewal premiums 1277253 64 13 Dividends applied to purchase paidup additions and an nuities 239414 57 14 Dividends left with the company to accumulate at interest 11767 25 15 Total paid policyholders 6081337 13 16 Expense of investigation and settlement of policy claims including 9050 for legal expense 90 50 17 Paid for claims on supplementary contracts not involving life contingencies 15659 67 18 Dividends and interest thereon held on deposit surrendered during the year 4074 60 19 Paid for claims on supplementary contracts involving life contingencies 20125 40 20 Commissions to agents First years premiums 475 96885 renewal premiums 42439774 900366 59 21 Commuted renewal commissions 787 05 23 Agency supervision and traveling expenses of supervision except compensation for home office supervision 6080 54 24 Branch office expenses including salaries of managers and clerks not included in item 22 150239 85 25 Medical examiners fees 8805439 inspection of risks 1424997 102304 36668 ComptrollerGenerals Report 36 Salaries and all other compensation of officers directors trustees and home office employees 241057 96 37 Rent including 4438000 for companys occupancy of its own buildings 50380 00 28 Advertising 1494804 printing and stationary 43 05851 postage telegraph telephone and express 15 74930 exchange 117848 74934 33 29 Legal expense not included in item 16 328 34 30 Furniture fixtures and safes 13189 22 31 Repairs and expenses other than taxes on real estate 49976 06 32 Taxes on real estate 36039 48 33 State taxes on premiums 84063 59 34 Insurance department licenses and fees 11087 95 35 All other licenses fees and taxes Federal corporation tax 6729 83 37 Municipal licenses 397334 tax on reserve 5906364 63036 98 38 Compulsory advertising 79584 miscellaneous taxes and fees 85267 1648 51 39 Other disbursements Loans on deposit in FirstSecond Lank of Pittsburgh Pa 5303 45 41 Association of Life Insurance Presidents 154071 legis lative expense 109475 2635 46 42 Mortgage expense 63580 agency meeting 244007 3076 77 43 Office supplies 954341 fidelity company bonds 153935 11082 76 44 Lunches for night work 96275 auditing accounts 1944 2906 75 45 Protective watch service 1042 sundries 59474 1636 74 48 Gross decrease by adjustment in book value of ledger assets viz Bonds 20795 41 49 Total disbursements 7960975 28 IVLedger Assets 1 Book value of real estate 1897295 34 2 Mortgage loans on real estate 14161234 00 3 Loans secured by pledge of bonds stocks or other collateral 223000 00 4 Loans made to policyholders on this com panys policies assigned as collateral 0167546 35 5 Premium notes on policies in force 824336 59 6 Hook value of bonds 3442142179 and storks 2615656 83 37067078 62 7 Cash in companys office 926 76 9 Deposits in trust companies and banks on interest 67544 45 11 Certificate of deposit in Merchants Nat ional Hank of Boston on interest 20000 00 12 Total ledger assets 64036849 11CompteolleeGenerals Eepoet NonLedger Assets 13 Interest due 15000 and accrued 124 70758 on mortgages 124857 58 14 Interest accrued on bonds 531119 13 15 Interest accrued on collateral loans 3522 32 16 Interest due 4212841 and accrued 119 56892 on premium notes policy loans or liens 161697 33 17 Interest accrued on other assets Bank interest 927 46 20 Rents due 32250 and accrued 590032 on companys property 6222 82 21 Total interest and rents due and accrued 22 Market value of real estate over book value 23 Amortized value not including interest in item 14 of bonds and market value of stocks over book value 29 Net amount of uncolleeted and deferred premiums 669 828346 64 3737 00 730773 38 568996 40 35 Gross assets 66168702 53 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the Companys Actuary on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on all poli cies issued prior to 1901 30619891 03 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 16976978 73 Same for reversionary additions 1314757 37 3 American Experience table at 3 per cent on all policies written after Dec 15 1907 and dated in 1908 and after and addi tions thereon Joint life policies 8386813 72 Same for reversionary additions 142645 22 5 Net present value of annuities including those in reduction of premiums 4 per cent Actuaries table 4816 3 per cent American Experience table 1 91665 3 per cent American Experience table 10259377 total 104558 58 8 Net reserve 57545644 65670 ComptrollerGenerals Report 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the companys Actuary 385880 b7 12 Claims for death losses in process of ad justment or adjusted and not due 102633 48 13 Claims for death losses reported for which no proofs have been received 112512 00 14 Eeserve for net death losses incurred but unreported 41612 00 15 Claims for matured endowments due and unpaid 79580 05 16 Claims for death losses and other policy claims resisted by the company 9691 00 19 Total policy claims 346028 53 21 Dividends left with the company to accumulate at in terest and accrued interest thereon interest 23230 14527 80 22 Premiums paid in advance including surrender values so applied 53 314 65 23 Unearned interest and rent paid in advance 7712 50 24 Commissions due to agents on premium notes when paid 35367 94 25 Commissions to agents due or accrued 4974 95 27 Salaries rents office expenses bills and accounts due or accrued 5214 Oo Medical examiners fees 595 00 29 Estimated amount hereafter payable for federal state and other taxes Based upon the business of the year of this statement 150314 43 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and defer red premiums 219471 63 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent Upon the payment of renewal premiums or otherwise 1747500 00 35 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1914 137349 70 36 Amount sot apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in Item 35 228559 50 37 Reserve special or surplus funds not included above 38 Eeserve for equalization of Mortality and depreciation of Msets 300000 00 47 Unassigned funds surplus 4986246 53 48 Total 66168702 53ComptrollerGenerals Keport 671 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 2490 5598257 00 18 Policies on the lives of citizens of said state issu ed during the year 565 1100670 00 19 Totai 3055 6698927 00 20 Deduct ceased to be in force during the year 218 536796 00 21 Policies in force December 31 2837 6162131 00 23 Losses and claims incurred during year 25 61546 00 25 Losses and claims settled during the year in cash 22 61071 00 26 Losses and claims unpaid Dec 31 3 475 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 193063 92 NEW YORK LIFE INSURANCE COMPANY Darwin P Kingsley President Seymour M Ballard Secretary E J Clark Attorney for Service ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year719900475 88 4 Extended at 719900475 88 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 492539 for first years reinsurance 9250650 12 8 Dividends applied to purchase paidup ad ditions and annuities 1334032 26 10 Consideration for original annuities In volving life contingencies 471838 42 11 Consideration for supplementary contracts involving life contingencies 205744 25 11a Consideration for total and permanent dis ability claims allowed 22320 00 12 Total new premiums 11284585 05672 ComptrollerGeneral s Report 13 Renewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 8200387 for reinsurance on renewals including 3 30313 premiums waived for total and permanent disability 73689575 16 14 Dividends applied to pay renewal premiums 4373698 10 16 Surrender values applied to pay renewal premiums 89842 30 17 Renewal premiums for deferred annuities 51067 70 18 Total renewal premiums 78204183 26 19 Extra premiums for total and permanent disability benefits first year premiums 7596400 renewal premiums 6305600 139020 00 20 21 22 24 26 28 30 32 33 Total premium income S9627788 31 Consideration for supplementary contracts not involving life contingencies 521400 39 Dividends left with the company to accumulate at interest 9588 82 Gross interest on mortgage loans less 13 30025 accrued interest on mortgages ac quired during 1913 7323163 07 Cross interest on bonds and dividends on stocks less 18626183 accrued interest on bonds acquired during 1913 18608822 99 Gross interest on premium notes policy loans or liens Gross interest on deposits in trust compa nies and banks Gross interest on agents debts Gross discount on claims paid in advance Gross rent from companys property includ ing 29273763 for companys occupancy of its own buildings 6658S07 49 239594 03 308 34 10417 77 734844 07 34 Total gross interest am rents 33581957 30 Commissions advanced in previous years now repaid 7 Policy fees 4062168 lire insurance collected 14639650 total 38 Doubtful debts recovered 162761 income tax deducted at source 39448 total 39 Bonuses received for prepayment or extension of mortgage loans 40 Remittances received not yet adjusted 42 Gross profit on sale or maturity of ledger assets viz Real estate 4928931 bonds 11393187 total 28309 187018 2022 5756 23070 97 18 09 50 103221 18ComptrollerGenerals Eeport 673 43 Gross increase by adjustment in book value of ledger as sets viz Bonds including 19988643 for accrual of discount 25402393 stocks 1904688 bond and mortgage 629115 total 279361 96 44 Total income 124516389 19 IIIDisbursements 1 For death claims less 3163228 reinsur ance 2500510852 additions 941 33208 total 25946440 60 2 For matured endowments less 10000 re insurance 865957345 additions 28 57863 total 8688152 08 3 For total and permanent disability claims 22320 00 4 Net amount paid for losses and matured endowmentsi 5 For annuities involving life contingencies 7 Surrender values paid in cash or applied in liquidation of loans or notes 8 Surrender values applied to pay renewal premiums Dividends paid to policyholders in cash or applied in liqui dation of loans or notes Dividends applied to pay renewal premiums Dividends applied to purchase paidup additions and annui ties Dividends left with the company to accumulate at interest 14a Paid Government of Italy on account of reserve and sur plus on policies transferred to Government 10 11 13 14 34656912 68 1561674 15 14898943 31 89842 30 9292939 49 4373698 10 1334032 26 95881 82 48955 16 15 Total paid policyholders including item 14a 66352879 27 16 Expense of investigation and settlement of policy claims including 4107008 for legal expense 16a Premiums waived by company on account of total and permanent disability 17 Paid for claims on supplementary contracts not involving life contingencies 18 Dividends and interest thereon held on deposit surrendered during the year 20 Commissions to agents less commission on reinsurance First years premiums 427704280 renewal premiums 177816436 annuities original 1121786 re newal 129578 total 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 1157240 23 48777 87 3803 13 256173 98 19873 47 6067720 31981 08674 ComptkollerGenerals Eeport 24 25 26 27 28 inspection of risks 29 30 31 32 33 34 36 37 38 40 41 42 43 44 45 4 7 48 Branch office expenses including salaries of managers and clerks not included in item 22 Medical examiners fees 3944747 9328324 total Salaries and all other compensation of officers directors trustees and home office employees Kent including 29273763 for companys occupancy of its oivn buildings less 90398 received under sublease Advertising 4543383 printing and stationery 212 10669 postage telegraph telephone and express 248 91355 exchange 9124118 total Legal expense not included in item 16 Furniture fixtures and safes Repairs and expenses other than taxes on real estate in cluding 12341097 paid out of fire insurance Taxes on real estate State taxes on premiums Insurance department licenses and fees Federal corporation tax Local licenses and taxes 4844960 tax on policy re serves 5118783 total Miscellaneous taxes including 2879412 tax on interest receipts Paid agents under Nylic contracts Doubtful debts marked off Books papers and subscriptions 648177 special inspec tion reports 431047 lunch for companys employees 8334747 miscellaneous items of expense 1095577 legislative and departmental expenses 2225288 ex penses directors election 1913 486638 1915 17 67253 traveling expenses 1318811 total Examinations and audits of the companys accounts Fees pail in condemnation proceedings Miscellaneous interest payments 607737 bank charges 0453855 custody of and insurance on securities 24 77235 premium on fidelity lionIs 647733 bond and mortgage expense 105354 total Gross loss on sale or maturity of ledger assets viz Bonds Gross decrease by adjustment in book value of ledger as Sl viz Real st 3897045 bonds including 25974062 for amortization of premium 29317812 bond and mortgage 31815 total 1152215 45 487757 96 1751124 53 573111 29 597695 25 21540 17 146523 18 303349 99 131253 05 860670 35 21981 82 194404 58 99637 43 45008 44 628124 94 18756 99 163075 39 9141 51 3326 55 52919 14 33627 11 332466 72 49 Total disbursements 81566161 67 TVLedger Assets L Book value of real estate f igg 586 10 2 Mortgage loans on real estate first liens 152970 898 II ComptrollerGeneral s Report 675 ill ill 4 Loans made to policyholders on this company s policies assigned as collateral 5 Premium notes on policies in force 6 Book value of bonds 45515275693 and stocks 28404688 total 8 Deposits in trust companies and banks not 9 Deposits in trust companies and banks on 10 Bills receivable 119490 branch office debt balances 2243362 credit 2206122 net 37240 total 11 Cash oh companys branch offices 4480633 cash in transit 25451391 total 11a FirstSecond National Bank of Pittsburgh Pa in liquidation estimated amount 133507619 52 4598039 71 155436803 81 3172 66 1040572 36 5762338 98 1567 30 299320 24 33784 28 62850703 40 jj 7 i NonLedger Assets 13 Interest due 11861996 and accrued 1 60573250 on mortgages total 1724352 46 14 Interest due 22212984 and accrued 6 22549725 on bonds 6447629 09 16 Interest accrued on premium notes policy 456030 80 11 18 Interest due 2327072 and accrued 9 5 32678 55 20 Bents due 382665 and accrued 260899 6435 64 8667124 54 21 Total interest and rents due and accrued i New Business 25 Gross premiums due and unreported on policies in force December 31 1913 less reinsurance premiums 129270 99 Renewals 4885274 58 26 Gross deferred premiums on policies in force Decem ber 31 1913 less rein surance premiums 489139 00 5212761 00 27 Totals 618409 99 10098035 58 28 Deduct loading 25 per cent 154602 50 2524508 90 676 ComptrollerGenerals Report 29 Net amount of uncollected and deferred premiums 463807 49 7573526 68 8037334 17 35 Gross assets 779555162 11 Deduct Assets Not Admitted 40 Bills receivable 1194 90 43 Book value of ledger assets over market value viz On bonds 31033793 49 44 Branch office debit balances 22433 62 45 Total 31057422 01 46 Admitted assets748497740 10 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the In surance 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 un der 4 517418041 00 Same for reversionary additions 4671969 00 Total 522090010 00 4 Other tables and rates viz Double Amer ican experience table at 3 per cent on tropical insurances and those on im paired lives 42049458 00 Same for reversionary additions 158790 00 Total 42208248 00 Sesqui American experience table at 3 per cent on semitropical insurances ami those on partially unpaired lives 45440177 00 Same for reversionary additions 111184 00 Total t 45551361 00 5 Net present value of annuities including those in reduction of premiums McClintock s annuity table 3 per cent 15921632 00 Total625771251 00 0 Deduct net value of risks of this company reinsured in other solvent companies 104827 00 7 Extra reserve for total and permanent disability benefits 81886 00ComptrollerGenerals Report 677 8 Net reserve paidfor basis625747810 00 9 Present value of amounts not yet due on supplementary con tracts not involving life contingencies by the company 3219116 48 9a Present value of future premiums waived on account of total and permanent disability 16629 00 10 Liability on policies cancelled and not included in net re serve upon which a surrender value or reinstatement may be demanded 353733 98 12 Claims for death losses in process of ad justment or adjusted and not due 1066359 93 13 Claims for death losses reported for which no proofs have been reecived 1761714 26 14 Reserve for net death losses incurred but un reported 1000000 00 15 Claims for matured endowments due and un paid 362811 98 16 Claims for death losses and other policy claims resisted by the company 362598 29 17 Claims for total and permanent disability benefits 17924 00 18 Due and unpaid on annuity claims involv ing life contingencies 133775 04 19 Total policy claims 4705183 50 20 Due and unpaid on supplementary contracts not involving life contingencies 876 70 21 Dividends left with the company to accumulate at interest and accrued interest thereon 248527 97 22 Premiums paid in advance including surrender values so applied 847181 30 23 Unearned interest and rent paid in advance 3003701 95 24 Commissions due to agents on premium notes when paid 51240 63 25 Commissions to agents due or accrued 7730 85 27 Salaries rents office expenses bills and accounts due or accrued including 429450 accrued charges on deposits 89908 57 28 Medical examiners fees 2894414 and legal fees 7 97617 due or accrued 36920 31 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement including 874451 accrued taxes on interest and deposits 1074472 68 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre miums 864144 99 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 7023334 00678 ComptrollerGenerals Report 35 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1914 10 584 139 35 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in Item 35 80631550 05 37 Reserve special or surplus funds not included above Secur ity fluctuation and general contingency fund 6351 80916 annual dividend equalization funds 1308 12600 total 7659935 16 38 Reserve for future expenses on paidup annual dividend poli Cles 240000 00 42 Due agents under Nylie contracts 4 513 13 43 Reserve for Nylic contracts o q57 0g9 Q 45 Reserve for unclaimed receipts 30 000 00 48 Total748497740 10 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 year12743 26496 210 00 18 Policies on the lives of citizens of said State is sued during the year 16M 3581998 00 19 Totali 14364 30078208 00 20 Deduct ceased to be in force during the year 938 2 343 698 00 21 Policies in force December 31 191313426 27 734 510 00 2i Losses and claims unpaid December 31 of pre vious year 18 6237g M 23 Losses and claims incurred during year 174 362 S46 74 Total 192 403219 75 25 Losses and claims settled during the year in cash 173 40329s n 26 Losses and claims unpaid December 31 1913 19 21921 61 NORTH AMERICAN LIFE INSURANCE COMPANY OF CHICAGO John II McXamara President Wm p Kent Secrotlrv ICapital Stock 1 Amount of capital paid op cash 700000 00 2 Amount of ledger assets as per balance December 31 of previous vear 1 750 289 30 4 Extended t 1750289 32COMPTROLLEKGrENEBAIiS REPORT 679 IIIncome 5 First years premiums on original policies without deduc tion for commissions or other expenses less 451817 for first years reinsurance 235764 14 9 Surrender values applied to purchase paidup insurance and annuities 11989 26 12 Total new premiums 13 Kenewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 1468815 for reinsurance on renewals 16 Surrender values applied to pay renewal premiums 18 Total renewal premiums S 19 Extra premiums for total and permanent disability benefits 20 Total premium income 24 Gross interest on mortgage loans less 31331 accrued interest on mortgages ac quired during 1913 32939 61 26 Gross interest on bonds and dividends on stocks less 49406 accrued interest on bonds acquired during 1913 30185 99 27 Gross interest on premium notes policy loans or liens 8217 20 28 Gross interest on deposits in trust companies and banks 11194 46 29 Gross interest on premiums 57 17 34 Total gross interest 36 Mortgage loan commission account 37 Contributed by stockholders 42 Gross profit on sale or maturity of ledger assets viz Bonds 247753 40 504299 08 37 00 504336 08 5848 83 757938 31 82594 43 14046 63 58883 34 942 31 44 Total income 914405 02 IIIDisbursements 1 For death claims less 3369800 reinsur ance 92045 40 3 For total and permanent disability claims 301 04 4 Net amounts paid for losses and matured endowments 92346 44 5 For annuities involving life contingencies 120 00 7 Surrender values paid in cash or applied in liquidation of loans or notes 35141 64 8 Surrender values applied to pay renewal premiums 37 00680 ComptrollerGeneral s Report 9 Surrender values applied to purchase paidup insurance and annuities 11989 26 15 16 17 19 20 21 22 23 24 25 26 27 28 29 30 33 34 37 40 Total paid policyholders 139634 34 Expense of investigation and settlement of policy claims in cluding 20772 for legal expense 326 59 Paid for claims on supplementary contracts not involving life contingencies X 166 02 Paid stockholders for interest or dividends 69 87I 92 Commissions to agents less commissions on reinsurance First years premiums 11638120 renewal premiums 2200554 total 138386 74 Commuted renewal commissions 1 535 50 Compensation of managers and agents not paid by commis sion for services in obtaining new insurance 2185 77 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 37699 41 Branch office expenses including salaries of managers and clerks not included in item 22 42 097 03 Medical examiners fees 1904100 inspection of risks 3 02000 total 22061 00 Salaries and all other compensation of officers directors trustees and home office employees 61 039 81 Eent 13009 47 Advertising 48712 printing and stationery 650197 postage telegraph telephone and express 505107 ex change 50420 total 13 444 3g Legal expense not included in item 16 2048 15 Furniture fixtures and safes 2 259 96 State taxes on premiums g gjo gg Insurance department licenses and fees 2 680 99 Local privilege taxes 235 79 Miscellaneous expenses viz Books and periodicals Water ice and towel service Protographie supplies Medical supplies Premiums on fidelity bonds Premiums on depository bonds Agents conventions Protest fees Directors meetings American life convention H O traveling expenses Insurance exchange Chicago Asosociation of Commerce American Institute of Actuaries 80 75 96 883 128 461 38 12 422 35 1250 68 5076 72 5 07 751 10 29 50 65 07 10 00 50 00 10 00 Total 9183 12ComptrollerGenerals Report 681 45 Suspense items repaid 46 Agents balances charged off 212 93 135 34 49 Total disbursements 568534 82 IVLedger Assets 2 Mortgage loans on real estate first liens 948825 00 4 Loans made to policyholders on this com pany s policies assigned as collateral 137157 71 5 Premium notes on policies in force 30844 57 6 Book value of bonds 581383 16 7 Cash in company a office 38 197 88 8 Deposits in trust companies and banks not on interest 306 75 i Deposits in trust companies and banks on interest 343249 62 10 Agents balances debit 1035722 credit 362599 net 5731 23 11 Cash in branch offices cashiers under bonds 945 10 12 Total ledger assets vj 2096 159 52 NonLedger Assets 13 Interest accrued on mortgages 14 Interest accrued on bonds 16 Interest accrued on premium notes policy loans or liens I Interest accrued on bank balances 23075 02 11876 44 404 03 2420 44 21 Total interest accrued j 23 Market value not including interest in Item 14 of bonds and stocks over book value 25 Gross premiums due and unreported on pol icies in force December 31 1913 less re insurance premiums J05 896 93 26 Iross deferred premiums on policies in force December 31 1913 less reinsurance pre miums 21146 09 37775 93 188 19 27 Totals 127043 02 28 Deduct loading 15 841 26 29 Net amount of uncollected and deferred premiums 111201 76 35 Gross assets 2245325 40682 ComptrollerGenerals Eeport Deduct Assets Not Admitted 38 Agents debit balances gross 10357 22 41 Premium notes and loans on policies and net premiums in Item 29 in excess of the net value of their policies 10424 15 44 Total 20781 37 46 Admtited assets 2224544 03 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the Illi nois Insurance Department on the following tables of mortality and rates of interest viz 2 American experience table at 3 per cent on all policies 1367499 00 5 Net present value of annuities including those in reduction of premiums McClintocks annuitant 3M per cent 742 00 Total 1368241 00 6 Deduct net value of risks of this company reinsured in other solvent companies 12752 00 7 Extra reserve for total and permanent disability benefits 3233 00 8 Net reserve 1358722 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the companys actuary 1272 93 11 Claims for death losses due and unpaid 395 78 12 Claims for death losses in process of ad justment and not due 6000 00 13 ciaims for death losses reported for which no proofs have been received 5500 00 16 Claims for death losses and other policy claims resisted by the company 1402 81 3 Total policy claims 13298 59 82 Premiums pftJ in advance including surrender values so applied 2899 86 23 Unearned interest and rent paid in advance 2667 50 24 Commissions due to agents on premium notes when paid 1722 32 25 Commissions to agents due or accrued 300 00 26 Cost of collection on uncollected and deferred premiums in excess of the loading thereon 1838 12 27 Salaries rents office expenses bills and accounts due or accrued 3406 52ComptrollerGeneral s Report 683 29 Estimate amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 10094 02 32 Unpaid dividends to stockholders 120 08 42 Palyments on account of premiums held in suspense 1 498 55 46 Capital stock 700fi00 QQ 47 Unassigned funds surplus 112 452 24 48 Total 2224544 03 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 4 4 944 00 18 Policies on the lives of citizens of said State is sued during the year 4 23000 00 19 Total 8 27944 00 20 Deduct ceased to be in force during the year 1 44 00 21 Policies in force December 31 9 27 988 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 4 j qqq jq THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY Home Office Cor Broadway and Michigan Streets Milwaukee Wig Geo C Markham President A S Hathaway Secretary ICapital Stock 2 Amount of ledger assets as per balance Dee 31 of previous year294172595 73 4 Extended at294172595 73 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 4420393 82 6 Surrender values applied to pay first years premiums 15058 60 7 Total first years premiums on original policies 4435452 42684 ComptrollerGenerals Eepoet 6251574 09 8 Dividends applied to purchase paid up ad ditions and annuities 1729882 15 10 Consideration for original annuities involv ing life contingencies 48076 00 11 Consideration for supplementary contracts involving life contingencies 38161 52 12 Total new premiums 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses 32066770 73 14 Dividends applied to pay renewal prem iums 7248330 28 17 Eenewal premiums for deferred annuities 10608 48 18 Total renewal premiums 39331709 49 20 Total premium income 21 Consideration for supplementary contracts not involving life contingencies 22 Dividends left with the company to accumulate at interest 24 Gross interest on mortgage loans less 499807 accrued interest on mortgages acquired during 1913 26 Gross interest on bonds and dividends on stocks less 1603019 accrued interest on bonds acquired during 1913 3561587 62 27 Gross interest on premium notes policy loans or liens 2494084 72 28 Gross interest on deposits in trust com panies and banks 30 Interest on premiums collected in the con version of term policies and in the re storation of lapsed policies 32 Gross discount on claims paid in advance 33 Gross rent from companys property in cluding 6740000 for companys occu pancy of its own buildings 45583283 58 947212 89 16422 82 8164698 29 81038 48 96472 98 20114 90 122499 73 34 Total gross interest and rents 14540496 72 35 From other sources Money received from unknown source 30000 examination expenses refunded 33440 deficiency judgment collected 79167 total 1426 07 42 Gross profit on sale or maturity of ledger assets viz Real estate 2416110 bonds 175272 total 25913 82 43 Gross increase by adjustment in book value of ledger assets viz Bonds 41430 18 44 Total income 61156186 08ComptrollerGenerals Report IIIDisbursements 1 For death claims 1096007936 additions 36326300 1132334236 2 For matured endowments 337758075 additions 16249394 3540074 69 685 4 Net amount paid for losses and matured endowments 14863417 05 5 For annuities involving life contingencies 128689 59 7 Surrender values paid in cash or applied in liquidation of loans or notes 8923740 25 8 Surrender values applied to pay new premiums 15058 60 10 Dividends paid to policyholdcrs in cash or applied in liquidation of loans or notes 3719233 05 11 Dividends applied to pay renewal premiums 7248330 28 13 Dividends applied to purchase paid up additions and an nuities V29882 15 14 Dividends left with the company to accumulate at in terest 16422 82 18 20 15 Total paid policyholders 16 Expense of investigation and settlement of policy claims including 115345 for legal expense 16 Expense of investigation and settlement of policy claims including 115364 for legal expense 17 Paid for claims on supplementary contracts not involving life contingencies Dividends and interest thereon held on deposit surrendered during the year Commissions to agents less commission on reinsurance First years premiums 204785839 renewal prem iums 275509607 annuities original 64438 re newal 33217 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 25 Medical examiners fees 23463096 inspection of risks 3271474 total 26 Salaries and all other compensation of officers directors trustees and home office employees 27 Rent including 6740000 for companys occupancy of its own buildings 28 Advertising 693307 printing and stationery 78 58325 postage telegraph telephone and express 136 01815 exehance 1402404 29 Legal expense not included in item 16 30 Furniture fixtures and safes 36644773 79 1153 64 1153 64 377358 28 3398 82 1803931 01 1333 28 1824 56 267345 70 881560 69 76181 76 23555S 51 4740 20 3465 40686 ComptrollerGenerals Eeport 31 Repairs and expenses other than taxes on real estate 62616 17 32 Taxes on real estate 42734 91 33 State taxes on premiums 480376 61 34 Insurance department licenses and fees 29674 95 35 All other licenses fees and taxes Federal corporation tax 3084995 state tax on income 50564322 state tax on policy reserve 3185570 publishing statement as required by law 133410 local licenses and tax on premiums 744743 577130 40 39 Other disbursements Loan expenses 14070860 legisla tive expenses 492310 traveling expenses 454727 second payment of policy claim 83333 examinations and audits of the companys accounts 628673 miscellaneous interest payments 199749 premium on fidelity bonds 15500 expenses trustees election 11107 total 159562 59 47 Gross loss on sale or maturity of ledger assets viz Real estate 16029 05 48 Gross decrease by adjustment in book value of ledger assets viz Real estate 200000 bonds 7530312 77203 12 49 Total disbursements 44747953 44 IVLedger Assets 1 Book value of real estate 377571 78 2 Mortgage loans on real estate first liens 169408050 22 4 Loans made to policyholders on this com panys policies assigned as collateral 48341441 97 5 Premium notes on policies in force includ ing automatic premium loans 1113318 45 6 Book value of bonds 84421021 40 7 Cash in companys office 49663 45 9 Deposits in trust companies and banks on interest 3448377 57 10 Agents balances debit 25253 56 12 Total ledger assets310580 828 37 NonLedger Assets 13 Interest due 6848685 and accrued 2 20567166 on mortgages 2274158 51 14 Interest accrued on bonds 1232867 63 36 Interest due 16002417 and accrued 1 29659812 on premium notes policy loans or liens 456622 29 ComptrollerGenerals Report 637 18 Interest due for conversion of term policies and in the restoration of lapsed policies 5160 26 20 Rents due 1150 and accrued 162550 on companys property or lease 1637 00 21 Total interest and rents due and accrued 3 New Business Renewals 25 Gross premiums due and unreported on policies in force Dec 3T 1913 less reinsurance premiums 44249 56 2074132 31 26 Gross deferred premiums on policies in force Doc 31 1913 less reinsurance premiums 332798 00 2376319 00 4970445 69 27 Totals 28 Deduct loading 377047 56 80122 61 1450451 31 945720 90 29 Net amount of uncollected and deferred premiums 296924 95 3504730 41 3801655 36 35 Gross assets 319352929 42 38 Agents debit balances gross 43 Book value of ledger assets over market value viz Bonds Deduct Assets Not Admitted 25235 56 770731 40 45 Total 46 Admitted assets 8795966 96 310550962 46 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 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 Feb 1 1899105962051 00 Same for reversionary additions 4937332 00 2 American Experience table at 3 per cent on life endowment and term policies issued since Feb 1 1899 163122667 00 Same for reversionary additions 6623202 00688 ComptrollerGenerals Report 5 Net present value of annuities including those in reduction of premiums Ac tuaries table at 4 per cent 206761 00 McGlintocks table at 3 per cent 506438 00 American experience table at 3 per cent 814760 00 8 Net reserve 282173211 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 3901296 54 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be de manded 8632 90 11 Claims for death losses due and unpaid 84104 73 12 Claims for death losses in process of ad justment or adjusted and not due 127134 88 13 Claims for death losses reported for which no proofs have been received 378007 68 14 Reserve for net death losses incurred but unreported 350000 00 15 Claims for matured endowments due and unpaid 203049 65 16 Claims for death losses and other policy claims resisted by the company 88367 85 18 Due and unpaid on annuity claims involv ing life contingencies 866 97 19 Total policy claims 1231531 76 20 Duo and unpaid on supplementary contracts not involv ing life contingencies 7047 27 21 Dividends left with the company to accumulate at in terest and accrued interest thereon 37749 33 22 Premiums paid in advance including surrender values so applied 20011 7 23 Unearned interest and rent paid in advance 458 96 25 Commissions to agents due or accrued 84411 37 27 Salaries rents office expenses bills and accounts due or accrued 151213 66 28 Medical examinersJ fees 3335100 and legal fees 79526 due or accrued 34146 26 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 1073207 2 33 Dividends ot other profits due policyholders including those contingent on payment of outstanding and defer red premiums 654464 29 ComptrollerGenerals Report 689 34 Dividends declared on or apportioned to annual divi dend policies payable to policyholders during 1914 whether contingent upon the payment of renewal prem iums or otherwise 10304182 00 35 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1914 2236953 22 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 35 4323113 00 45 Total306241631 69 47 Unassigned funds surplus 4315330 77 48 Total310556962 46 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 9633 22311616 00 18 Policies on the lives of citizens of said state issued during the year 875 2162300 00 19 Total 10508 24473916 00 20 Deduct ceased to be in force during the year 561 1338933 00 21 Policies in force Dee 31 9947 23134983 00 22 Losses and claims unpaid Dec 31 of previous year 2 3988 00 23 Losses and claims incurred during year 93 223689 00 24 Total 95 227077 00 25Losses and claims settled during the year in cash 91 217459 00 26 Losses and claims unpaid December 31 4 10218 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 707154 26690 ComptbollebGenebals Report THE PACIFIC MUTUAL LIFE INSURANCE COMPANY Geo I Cochran President C I D Moore Secretary A C Harmon 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 23482070 12 4 Extended at 23482070 12 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 803186 for first years reinsurance 788773 62 6 Surrender values applied to pay first years premiums us g3 7 Total first years premiums on original poli cies 790431 85 8 Dividends applied to purchase paidup ad ditions and annuities 198 816 26 9 Surrender values applied to purchase paid up insurance and annuities l 379 00 10 Consideration for original annuities involv ing life contingencies 14 066 2 11 Consideration for supplementary contracts volving life contingencies n 12 Total new premiums li005j483 36 13 Renewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 4838531 for reinsurance on renewals 4134 769 70 14 Dividends applied to pay renewal premiums 202432 02 16 Surrender values applied to pay renewal pre miums 29363 41 17 Renewal premiums for deferred annuities 21 25 18 Total renewal premiums 4 ggg rgg 19 Extra premiums for total and permanent disability benefits 44527 71 20 Total premium income g 5416597 50ComptbollebGtenebal s Eepoet 691 21 Consideration for suplementary contracts not involving life contingencies 29643 32 22 Dividends left with the company to accumulate at interest 13435 55 24 Gross interest on mortgage loans less 1 61934 accrued interest on mortgages ac quired during 1913 879987 61 25 Gross interest on collateral loans 62176 02 26 Gross interest on bonds and dividends on stocks less 531254 accrued interest on bonds acquired during 1913 150657 72 27 Gross interest on premium notes policy loans or liens 279385 99 28 Gross interest on deposits in trust companies and banks 9206 85 30 Gross interest on agents balances 184 54 31 Gross interest on contract for sale of real estate 2860 17 38 Gross rent from companys property includ ing 40800 for companys occupancy of its own buildings 47910 00 34 Total gross interest and rents 1432458 90 Less interest paid on reinsurance fund 4800 77 36 Loss and gain 37 Sale of unlisted assets 41 From agents balances previously charged off 42 Gross profit on sale or maturity of ledger assets viz Heal estate 722145 bonds 45000 total 43 Gross increase by adjustment in book value of ledger as sets viz Bonds 44 Total income 95 52 458 25 2194 90 7671 45 1125 00 6898879 62 IIIDisbursements 1 For death claims less 14195 reinsurance 109321351 additions 30522 total 112373551 2 For matured endowments less 5000 rein surance 13088500 additions less 1 205 reinsurance 3134 total 134019 00 3 For total and permanent disability claims 7201 00 4 Net amounts paid for losses and matured endowments 1264955 51 5 For annuities involving life contingencies 11385 58 6 Premium notes and liens voided by lapse less 113220 restorations 2731 96 7 Surrender values paid in cash or applied in liquidation of loans or notes 752313 55692 COMPTROLLERGrENERAL s KePORT 8 Surrender values applied to pay new premiums 165823 to pay renewal premiums 2936341 total 31021 64 9 Surrender values applied to purchase paidup insurance and annuities 1379 00 10 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes 105919 24 11 Dividends applied to pay renewal premiums 202432 02 13 Dividends applied to purchase paidup additions and an nuities 198816 26 14 Dividends left with the company to accumulate at interest 13435 55 15 Total paid policyholders 2584399 31 16 Expense of investigation and settlement of policy claims 8614 12 17 Paid for claims on supplementary contracts not involving life contingencies 16715 30 18 Dividends and interest thereon held on deposit surrendered during the year 1305 94 19 Paid stockholders for interest or dividends 115000 00 20 Commissions to agents less commission or reinsurance First years premiums 47739134 renewal premiums 29628480 annuities original 70288 total 774379 12 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 25869 57 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 18245 47 25 Medical examiners fees 5710900 inspection of risks 1408713 total 71196 13 26 Salaries and all other compensation of officers directors trustees and home office employees 245383 63 27 Bent including 33600 for companys occupancy of its own buildings 33600 00 28 Advertising 1860493 printing and stationery 2852720 postage telegraph telephone and express 1520875 ex change 98336 total 03324 24 29 Legal expense not included in item 16 1340 63 30 Furniture fixtures and safes 7130 36 31 Repairs and expenses other than taxes on real estate 12607 90 32 Taxes on real estate 13168 30 33 State taxes on premiums 73310 43 34 Insurance department licenses and fees 6449 77 35 All other licenses fees and taxes Federal corporation tax 767735 municipal licenses 497095 taxes on per sonal property 238207 publication fees 111142 state corporation taxes and fees 33475 total 16426 54 39 Other disbursements Contribution to association of life insurance presidents 93518 books and subscriptions 126771 home office traveling expense 222312 inci dentals 27683 legislative expense 224555 renewal bonus 2153433 total 33482 72ComptrollerGenerals Report 693 46 Agents balances charged off 47 Gross loss on sale or maturity of ledger assets viz Bonds 48 Gross decrease by adjustment in book value of ledger as sets viz Real estate 28533 bonds 120333 total 6159 08 650 00 1488 66 49 Total disbursements 4130915 32 IVLedger Assets 1 Book value of real estate 1094257 41 2 Mortgage loans on real estate first liens 15039977 09 3 Loans secured by pledge of bonds stocks or other collateral 1423312 32 4 Loans made to policyholders on this com panys policies assigned as collateral 4214933 32 5 Premium notes and liens on policies in force 933808 53 6 Book value of bonds 309962750 and stocks 11750000 total 3217127 50 7 Cash in companys office 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest 3903 27 67427 00 371771 62 Total Less reinsurance fund 443101 89 115483 64 Balance 327618 25 NonLedger Assets 13 Interest due 245985 and accrued 211 17388 on mortgages 14 Interest accrued on bonds 15 Interest accrued on collateral loans 16 Interest due 3265778 and accrued 32 58461 on premium notes policy loans or liens 17 Interest accrued on bank balances Total Less interest accrued on reinsurance fund 213633 73 58911 11 18661 64 65242 39 156 67 356605 54 2452 30 21 Total interest dueand accrued 354153 24 claims on policies of this company re 24 Due from other companies for losses or claims on policies of this company reinsured 5000 00694 25 Gross premiums due and un reported on policies in force December 31 1913 less reinsurance pre miums 26 Gross deferred premiums on policies in force Decem ber 31 1913 less rein surance premiums ComptbolleeGenebals Bepobt New Business Renewals 5151 24 330941 46 28003 02 353759 73 27 Totals 28 Deduct loading 33154 26 684701 19 19074 55 130352 81 29 Net amount of uncollected and deferred premium 14079 71 554348 38 568428 09 35 Gross assets Deduct Assets Not Admitted 27177615 75 41 Premium notes and loans on policies anil net premiums in Item 29 in excess of the net value of their policies 44 Virginia special deposit excess of deposit over liabilities 45 Unearned portion of bonus on mortgages purchased 1S154 92 17313 00 1550 03 Total 37017 95 46 Admitted assets life department 27140 597 80 Admitted assets accident department 2197554 19 Total admitted assets jj ggg q VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed on the fol lowing tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on all policies issued prior to January 1 1901 5318363 00 Same for reversionary additions 112797 00 Total 5431160 00CompteollerGenebals Keport 695 2 American experience table at 3 per cent on all policies except annual dividend is sues of 1907 issued from December 31 1900 to January 1 1908 and nonpartic ipating policies issued subsequent to De cember 31 1907 13672824 00 Same for reversionary additions 1363585 00 Total 15036409 00 3 American experience table at 3 per cent on annual dividend policies issued in 1907 and all participating policies issued sub sequent to December 31 1907 3671277 00 Same for reversionary additions 55810 00 Total 3727087 00 5 Net present value of annuities including those in reduction of premiums Actuaries table at 4 per cent 7782 00 American experience table at 3 per cent 135121 00 Total 142903 00 Total 24337559 00 6 Deduct net value of risks of this company reinsured in other solvent companies 154970 00 7 Extra reserve for total and permanent disability benefits 72688 00 8 Net reserve 24255277 00 9 Present value of amounts not yet due on supplementary con tracts not involving life contingencies computed by the Company 90550 00 10 Liability on policies cancelled and not included in net re serve upon which a surrender value may be demanded 539 00 12 Claims for death losses in process of ad justment or adjusted and not due 18541 46 13 Claims for death losses reported for which no proofs have been received 72785 00 14 Keserve for net death losses incurred but un reported 34000 00 15 Claims for matured endowments due and unpaid 1529 00 16 Claims for death losses and other policy claims resisted by the company 45000 00 18 Due and unpaid on annuity claims involving life contingencies 224 00 19 Total policy claims 172079 46696 ComptrollerGenerals Eeport 21 Dividends left with the company to accumulate at interest and accrued interest thereon 20 212 00 22 Premiums paid in advance including surrender values so applied 35041 30 23 Unearned interest and rent paid in advance 110 561 28 24 Commissions due to agents on premium notes when paid 2 565 85 25 Commissions to agents due or accrued 3 641 93 27 Salaries rents office expenses bills and accounts due or accrued 10910 09 28 Medical examiners fees due or accrued 14 031 50 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 89000 00 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre miums 1532 35 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 297398 17 35 Dividends declared on or apportioned to deferred policies payable to policyholders during 1914 82500 69 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in Item 35 1053937 58 38 Renewal bonus fund 39 Qgg jg 4l Liabilities of life department 26 271 836 39 43 Liabilities of accident department 1 122 154 19 46 Capital stock loOo000 00 47 Unassigned funds surplus Life department 86876141 accident department 75440000 total 944 161 41 48 Total life and accident departments 29 332 151 99 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 1132 1968216 00 18 Policies on the lives of citizens of said State is sued during the year 73 53453 U 19 TotaI 1205 2121669 00 20 Deduct ceased to be in force during the year 93 204 098 00 21 Policies in force December 31 1112 1 917 571 00ComptrollerGenerals Report 697 23 Losses and claims incurred during year 14 28376 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 5g gg9 qo PAN AMERICAN LIFE INSURANCE COMPANY Home Office New Orleans La Crawford H Ellis President James L Wright Secretary William A Wright Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 925000 00 2 Amount of ledger assets as per balance December 31 of previous year 1258601 65 3 Increase of capital during the year 269170 00 4 Extended at 1527771 65 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 583596 for first years reinsurance 204735 37 9 Surrender values and coupons applied to purchase paidup insurance and annuities 1687 56 10 Consideration for original annuities involv ing life contingencies 3450 00 12 Total new premiums 209 872 93 13 Benewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 326894 for reinsurance on renewals 217162 42 14 Dividends applied to pay renewal premiums 2863 55 16 Surrender values applied to pay renewal premiums 68 00 18 Total renewal premiums 220093 97 20 Total premium income 429966 90 23 Ledger assets other than premiums received from other companies for assuming their risks 13236 84698 ComptrollerGenerals Report 24 Gross interest on mortgage loans Jess 23954 accrued interest on mortgages ac quired during 1913 47772 35 25 Gross interest on collateral loans 6385 72 26 Gross interest on bonds and dividends on stocks less 795143 accrued interest on bonds acquired during 1913 3595 L 1 8 27 Gross interest on premium notes policy loans or liens 3139 41 28 Gross interest on deposits in trust compa nies and banks 2531 lio 30 Interest received from committee of trus tees 31367 83 33 Gross rent from companys property 3125 00 34 Total gross interest and rents 130273 14 36 Persistency fund 1912 311 00 37 Federal income tax s 33 38 La Natl Life Assur Society agents accounts 251 58 39 Suspense 212 38 40 Premium on sale of capital stock l1 1 00 42 Gross profit on sale or maturity of ledger assets viz Real estate 41 Total income 827960 17 1 5 6 8 9 10 11 14 16 21 23 IIIDisbursements For death claims For annuities involving lite contingencies Premium notes and liens voided by lapse Surrender values paid in cash or applied in liquidation of loans or notes Surrender values applied to pay renewal premiums Surrender values and coupons applied to purchase paidup insurance and annuities Dividends reductions and coupons paid to polieyholders in cash or applied in liquidation of loans or notes Dividends and coupons applied to pay renewal premiums Dividends coupons and reductions left with the company to accumulate at interest Expense of investigation and settlement of policy claims Commissions to agents less commission on reinsurance First years premiums 11582049 renewal premiums 337857 annuities original 17250 total Compensation of managers and agents not paid in com mission for serviee in obtaining new insurance ey supervision and traveling expenses of supervisors except compensation for home office supervision 41000 00 00 4 07 8997 66 68 01 1687 56 3667 12 2863 55 13236 34 10 00 U9371 56 8815 00 7558 05 ComptrollerGenerals Eeport 699 24 Branch office expenses including salaries of managers and clerks not included in item 22 19 go6 59 25 Medical examiners fees 1491902 inspection of risks 3 97166 total 18890 68 26 Salaries and all other compensation of officers directors trustees and home office employees 41 242 43 27 Rent less 79656 received under sublease 5 336 47 28 Advertising 497386 printing and stationery 872256 postage telegraph telephone and express 433333 ex change 42148 total lg 431 23 29 Legal expense not included in item 16 3 935 4g 30 Furniture fixtures and safe branch office 40049 home office 309269 3 493 18 31 Repairs and expenses other than taxes on real estate 400 77 32 Taxes on real estate 3 40 33 State taxes on premiums 2 425 35 34 Insurance department licenses and fees 2963 96 36 Federal corporation tax agents licenses 897 88 37 Municipal licenses 379 79 38 Personal property tax 1 51 gg 40 Collection fees g50 34 41 Traveling expenses general 1 211 42 Loan appraisement and expenses 859 68 42 Employees bonds 195 00 Agents bonds 559 03 43 Incidental expenses 1 353 99 44 Premium on bonds borrowed 777 po 45 Suspense account No 2 503 90 46 Agents balances charged off 4 343 139 47 Gross loss on sale or maturity of ledger assets viz Bonds 441 25 49 Total disbursements 334 475 77 IVLedger Assets 1 Book value of real estate 45000 00 2 Mortgage loans on real estate first liens 892489 50 3 Loans secured by pledge of bonds stocks or other collateral 05793 50 4 Loans made to polieyholders on this com panys policies assigned as collateral 48662 57 5 Premium notes on policies in force 7784 46 6 Book value of bonds 71442092 and stocks 10244000 total 816860 92 7 Cash in companys office 200 00 9 Deposits in trust companies and banks on interest 58520 09700 ComptrollerGenerals Eeport 10 Bills receivable 271262 agents balances debit 1867338 credit 44099 net 1823239 total 20945 01 Cash deposit with Republic of Panama 50000 00 11 Furniture and fixtures 15000 00 12 Total ledger assets 2021256 05 NonLedger Assets 13 Interest accrued on mortgages 12571 20 14 Interest accrued on bonds 4256 52 15 Interest accrued on collateral loans 951 07 18 Accrued interest on Panama deposit 2500 00 19 Declared dividends on bank stocks 1650 00 20 Rents accrued on companys property or lease 316 3S 21 Total interest and rents due and accrued 24 Due from other companies for losses or claims on policies of this company reinsured 25 Gross premiums due and unreported on poli cies in force December 31 1913 less re insurance premiums 26 Gross deferred premiums on policies in force December 31 1913 less reinsurance premiums 22245 17 5000 00 15151 72 33696 82 27 Totals 28 Deduct loading 48848 54 16817 00 29 Net amount of uncollected and deferred premiums 32031 r4 35 Gross assets 2080532 76 Deduct Assets Not Admitted 37 Supplies stationery printed matter furni ture fixtures and safes 38 Agents debit balances 41 Premium notes and loans on policies and net premiums and bills receivable in Item 2 in excess of the net value of their policies 43 Book value of ledger assets over market value viz Bonds over amortized value 10722 bank stocks over market 15 44000 total Total 15000 00 18232 39 1100 00 1V47 22 4987 61 16 Admitted assets 20306j 15ComptrollerGenerals Report 701 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the com pany on the following tables of mortality and rates of interest viz American experience table at 3 per cent on all business in the United States of America 10269561 414708 00 Same for reversionary additions 642 00 Total N Y L Trop experience table at 3 per cent on all busi ness in the West Indies and Central America 2355 231 Other tables and rates viz Coupons and reduction on de posit Net present value of annuities including those in reduction of premiums American experience 3 per cent Total Deduct net value of risks of this company reinsured in other solvent companies 415350 00 43029 00 36037 00 3300 00 497716 00 4320 00 12 22 23 25 27 28 29 34 38 Balance Extra reserve for total and permanent disability benefits included in life policies Net reservei Claims for death losses in process of adjustment or adjusted and not due Premiums paid in advance including surrender values so applied Unearned interest and rent paid in advance Commissions to agents due or accrued agents credit bal ances Salaries rents office expenses bills and accounts due or accrued Medical examiners fees 134350 and inspection fees 328 due or accrued total Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement Dividends declared on or apportioned to annual dividend policies payable to polieyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 1912 persistency fund includes int of 800 493396 00 3155 00 496551 00 1000 00 294 19 1411 IS 440 99 2114 19 1671 50 6500 00 900 00 319 00702 CompteolleeGeneeals Kepobt 42 Bonus commissions contingent est 250 250 00 43 Annual dividends on deposit 250 00 44 Suspense No 1 980 77 45 Income tax on officials salaries held in trust for U S Government 8 33 46 Capital stock 925000 00 47 Unassigned funds surplus 590312 00 48 Total 2030658 J 5 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 74 278108 00 18 Policies on the lives of citizens of said State is sued during the year 141 359494 00 19 Total 215 637602 00 20 Deduct ceased to be in force during the year 52 184882 00 21 Policies in force December 31 163 452720 00 23 Losses and claims incurred during the year 3 7000 00 25 Losses and claims settled during the year in cash 3 7000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 10554 49 PENN MUTUAL LIFE INSURANCE COMPANY OF PENNSYLVANIA Home Office 921 923 and 925 Chestnut Street Philadelphia Penna George K Johnson President John Humphreys Secretary and Treasurer ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year131119320 34 4 Extended at 131119320 34 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 2414784 77ComptrollerGenerals Report 703 6 Surrender values applied to pay first years premiums 17122 53 7 Total first years premiums on original policies 2432507 30 8 Dividends applied to purchase paidup addi tions and annuities 185 435 91 9 Surrender values applied to purchase paid up insurance and annuities 239 953 13 10 Consideration for original annuities involv ing life contingencies 422 151 37 11 Consideration for supplementary contracts involving life contingencies 16 415 80 12 Total new premiums 3 rgg 53 gj 13 Renewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 3388747 for reinsurance on renewals 16334686 61 14 Dividends applied to pay renewal premiums 1987923 49 16 Surrender values applied to pay renewal premiums 3i973 25 17 Renewal premiums for deferred annuities 11832 50 18 Total renewal premiums 18 338 415 85 21 Consideration for supplementary contracts not involving life contingencies 365479 33 22 Dividends left with the company to accumulate at interest 26055 62 24 Gross interest on mortgage loans less 39 70056 accrued interest on mortgages ac quired during 1913 2792998 00 25 Gross interest on collateral loans 101059 49 26 Gross interest on bonds and dividends on stocks less 4228275 accrued interest on bonds acquired during 1913 2268 147 49 27 Gross interest on premium notes policy loans or liens 1 944 400 2 28 Gross interest on deposits in trust companies and banks 85 012 48 30 Bills receivable etc 9 056 99 32 Gross discount on claims paid in advance endowments paid within one year of ma turity 1644 15 33 Gross rent from companys property in cluding 5492000 for companys occu pancy of its own buildings 149436 23 34 Total gross interest and rents g 651 754 95 36 Bonuses on mortgages H 590 26704 ComptrollerGenerals Report 37 Recovery of loss on Austin Texas water bonds 7225 40 38 Trust funds received being proceeds of death claims left with company at interest 18883 13 42 Gross profit on sale or maturity of ledger assets viz Real estate 2946665 bonds 4369802 total 73164 07 44 Total income 28789082 72 IIIDisbursements 1 For death claims less 1840000 reinsur ance 614517906 additions 35 02400 total 6180203 06 2 For matured endowments 228174533 ad tions 4600700 total 2327712 33 4 Net amount paid for losses and matured endowments 8567955 39 5 For annuities involving life contingencies 415365 93 6 Premium notes and liens voided by lapse less 1988181 res torations 77660 38 7 Surrender values paid in cash or applied in liquidation of loans or notes 2719190 16 8 Surrender values applied to pay new premiums 1772253 to pay renewal premiums 397325 total 21695 78 9 Surrender values applied to purchase paidup insurance and annuities 239953 13 10 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes 817607 81 11 Dividends applied to pay renewal premiums 1987923 49 13 Dividends applied to purchase paidup additions and annui ties 185485 91 14 Dividends left with the company to accumulate at interest 26055 62 15 Total paid policyholders 14998893 60 16 Expense of investigation and settlement of policy claims including 1917526 for legal expenses 17 Paid for claims on supplementary contracts no1 involving life contingencies 18 Dividends and interest thereon held on deposit surrendered during the year 20 Commissions to agents less commissions on reinsurance First years premiums 109859351 renewal premiums 114791612 annuities original 2237950 renew al 295911 total 2271878 24 21 Commuted renewal commissions 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 26558 21 20276 33 278814 92 3166 08 821 73 1231 97ComptrollerGenerals Report 705 24 Branch office expenses including salaries of managers and clerks not included in Item 22 133838 38 25 Medical examiners fees 13903785 inspection of risks 2146646 total 160504 31 26 Salaries and all other compensation of officers directors trustees and home office employees 489732 66 27 Rent including 54920 for companys occupancy of its own buildings 142284 10 28 Advertising 2132354 printing and stationery 6161458 postage telegraph telephone and express 7157446 exchange 760 total 154520 18 29 Legal expense not included in item 16 16814 21 30 Furniture fixtures and safes 15546 40 31 Repairs and expenses other than taxes on real estate 44310 93 32 Taxes on real estate 33582 38 33 State taxes on premiums 320532 70 34 Insurance department licenses and fees 20056 06 36 Federal corporation tax 13134 23 37 Municipal and State licenses compulsory advertising etc 11888 04 38 Taxes on investments 281560 70 40 Investment inspections traveling and other expenses inci dent thereto 7187 69 41 Election expenses 1115 34 42 Home office expenses supplies etc 37087 78 43 Compromise of Gillen suit etc 1434 25 46 Agents balances charged off 927 45 48 Gross decrease by adjustment in book value of ledger as sets viz Bonds 89618 63 49 Total disbursements 19663317 50 IVLedger Assets 1 Book value of real estate 2822945 70 2 Mortgage loans on real estate first liens 55676518 43 3 Loans secured by pledge of bonds stocks or other collateral 1972300 00 4 Loans made to policyholders on this com pany s policies assigned as collateral 20654521 65 5 Premium notes on policies in force of which 6245432 is for first years premium 3921568 50 6 Book value of bonds 5206734150 and stocks 33280637 total 52400147 87 7 Cash in companys office 15508 51 9 Deposits in trust companies and banks on interest 2439904 56706 ComptbolleeGeneeals Eepobt 10 11 12 13 14 15 16 18 19 20 21 Bills receivable 17593306 agents bal ances debit 1567302 credit 6057 net 1506645 total Bills receivable for premiums 190999 51 150670 83 Total ledger assets 140245085 58 NonLedger Assets Interest due 705142 and accrued 39347 on mortgages total Interest accrued on bonds Interest accrued on collateral loans Interest due 115000 and accrued 10 58032 on premium notes policy loans or liens total Interest accrued on bills receivable Interest accrued on bills receivable for pre miums Eents due 20000 and accrued 541409 on companys property or lease total 988444 89 768220 2 21163 63 11730 32 1942 70 1861 55 5614 09 Total interest and rents due and accrued 1798977 39 26 Market value of real estate over book value New Business Gross premiums due and un reported on policies in force December 31 1913 less reinsurance pre miums Gross deferred premiums on policies in force Decem ber 31 1913 less rein surance 1450 00 Renewals 11404 32 1938053 17 97150 85 1317393 22 27 28 29 31 35 38 39 Totals 108555 17 3255446 39 Deduct loading Lii39 36 699920 97 Net amount of uncolleeted and deferred premiums 85215 81 2555525 42 hecks for annuities issued in advance but not delivered 2640741 23 8295 19 Gross assets 144694549 37 Deduct Assets Not Admitted Agents debit balances gross 15673 02 Cash advanced to or in the hands of officers or agents all to agents 175933 06 ComptrollerGenerals Report 707 40 Bills receivable for premiums 150670 83 41 Premium notes and loans on policies and net premiums in Item 29 in excess of the net value of their policies 26813 13 43 Book value of ledger assets over market value viz Book value of bonds and stocks over market value 1859996 85 44 Interest accrued on bills receivable 3804 25 45 Total 2232891 14 46 Admitted assets142461658 23 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the com pany s actuary on the following tables of mortality and rates of interest viz 2 American experience table at 3 per cent on all insurance 114119972 00 Same for reversionary additions 1446231 00 Total 115566203 00 5 Net present value of annuities including those in reduction of premiums American 3 per cent table 524670 00 McClintocks 3 per cent table 3869327 00 Total 4393997 00 Total119960200 00 6 Deduct net value of risks of this company reinsured in other solvent companies 98595 00 8 Net reserve119861605 00 9 Present value of amounts not yet due on supplementary con tracts not involving life contingencies computed by the companys actuary 2800178 00 12 Claims for death losses in process of ad justment or adjusted and not due 597763 23 13 Claims for death losses reported for which no proofs have been received 70089 27 16 Claims for death losses and other policy claims resisted by the company 1976 98 19 Total policy claims 669829 48 21 Dividends left with the company to accumulate at interest and accrued interest thereon 69609 90708 ComptrollerGeneral s Eeport 22 Premiums paid in advance including surrender values so applied 82639 75 23 Unearned interest and rent paid in advance 563494 30 24 Commissions due to agents on premium notes when paid 69961 58 27 Salaries rents office expenses bills and accounts due or ac crued 6596 28 28 Medical examiners fees 17326 00 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 409575 34 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre miums 554649 07 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 3801000 00 35 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1914 660563 89 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in Item 35 8945309 92 38 Reserve for mortality fluctuation 1438929 00 39 Reserve for asset fluctuation and other contingent liabilities 2438686 53 0 Reserve for trust deposits 7988 00 42 Proceeds of policies left with company at interest 29541 19 43 Matured credits awaiting proof 34175 00 48 Total 142461658 23 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 year14793 27822052 00 18 Policies on the lives of citizi as of said State is sued during the year 2128 4533039 00 19 Total 16921 32355091 00 20 Deduct ceased to be in force during the year in cluding 12138300 transferred from said State because of change of residence 840 1749739 00 21 Policies in force December 31 16081 30605352 00 22 Losses and claims unpaid December 31 of previous year 7 10000 00 2 Losses ami claims incurred during year 137 304239 50 24 Total 144 314239 50 25 Losses and claims settled during the year in cash 128 290637 50ComptrollerGeneral s Report 709 26 Losses and claims unpaid December 31 16 23602 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 1003655 11 PHILADELPHIA LIFE INSURANCE COMPANY Home Office N E Corner Broad and Sansom Streets Philadelphia Penna Andrew J Maloney President William H Hubbard Secretary Hon Wm A Wright Insurance Commissioner Atlanta Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 560320 00 2 Amount of ledger assets as per balance December 31 of previous year 3208478 71 4 Extended at 3208478 71 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 64728 tfor first years reinsurance 8 Dividends applied to purchase paidup addi tions and annuities 9 Surrender values applied to purchase paid up insurance and annuities 12 Total new premiums 13 Eenewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 514753 for reinsurance on renewals 14 Dividends applied to pay renewals 16 Surrender values applied to pay renewal pre miums 97082 57 5783 97 2672 39 105638 93 710792 08 50261 67 1181 90 18 Total renewal premiums 19 Extra premhims for total and permanent disability benefits 20 Total premium income 21 Consideration for supplementary contracts not involving life contingencies 22 Dividends left with the company to accumulate at interest 762235 65 608 08 863382 66 224 51 4859 00710 CoMPTROLLERGrENERALs KePORT 23 Ledger assets other than premiums received from other companies for assuming their risks 24 Gross interest on mortgage loans 90677 16 26 Gross interest on bonds and dividends on stocks less 157208 accrued interest on bonds acquired during 1913 32427 23 27 Gross interest on premium notes policy loans or liens 27933 47 28 Gross interest on deposits in trust companies and banks 7311 29 29 Gross interest on other debts due the com pany 3354 28 33 Gross rent from companys property 2368 32 34 Total gross interest and rents 36 Accident and health department 42 Gross profit on sale or maturity of ledger assets viz Bonds 54082 13 164071 75 247133 88 6648 00 44 Total income 1338820 41 IIIDisbursements 1 For death claims less 02951 reinsurance 23037656 additions 362000 total 6 Premium notes and liens voided by lapse less 669 restora tions 7 Surrender values paid in cash or applied in liquidation of loans or notes 8 Surrender values applied to pay renewal premiums 9 Surrender values applied to purchase paidup insurance and annuities 10 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes 11 Dividends applied to pay renewal premiums 13 Dividends applied to purchase paidup additions and an nuities 14 Dividends left with the company to accumulate at interest 234376 56 6495 40 68392 05 1181 90 2672 39 5851 47 5021 67 5783 97 4859 00 15 Total paid policyholders 379774 41 16 Expense of investigation and settlement of policy claims in cluding 138184 for legal expense 5447 05 17 Paid for claims on supplementary contracts not involving life contingencies 4C2 98 19 Paid stockholders for interest or dividends 33619 20 20 Commissions to agents less commission on reinsurance First years premiums 6281583 renewal premiums 5515867 total 117974 50 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 5426 30ComptrollerGenerals Eeport 711 24 Branch office expenses including salaries of managers and clerks not included in Item 22 Medical examiners fees 8557 inspection of risks 3 72806 total Salaries and all other compensation of officers directors trustees and home office employees Rent Advertising 193846 printing and stationery 735200 postage telegraph telephone and express 607135 total 29 Legal expense not included in Item 16 30 Furniture fixtures and safes Repairs and expenses other than taxes on real estate 25 16 27 28 31 32 Taxes on real estate 33 State taxes on premiums 34 Insurance department licenses and fees 36 Federal corporation tax 37 Municipal and State licenses 38 Tax on capital stock 40 Interests and discount paid 41 Accident and health department 47 Gross loss on sale or maturity of ledger assets viz Bonds 48 Gross decrease by adjustment in book value of ledger as sets viz Bonds for amortization of premiums 1189 83 12285 06 56646 44 8031 08 15361 81 4546 16 4561 79 1041 59 1241 17 9568 44 2779 11 613 74 1768 20 4696 50 429 19 273251 69 375 69 1018 69 49 Total disbursements 942112 62 IVLedger Assets 1 Book value of real estate 86087 89 2 Mortgage loans on real estate first liens 1785850 00 4 Loans made to policyholders on this com pany s policies assigned as collateral 397400 44 5 Premium notes on policies in force of which 215769 is for first years premiums 209501 85 6 Book value of bonds 837533 64 7 Cash in companys office 4782 12 9 Deposits in trust companies and banks on interest 275340 04 10 Agents balances debit 427929 credit 387798 net 401 31 11 Accident and health department 8289 21 12 Total ledger assets 3605186 50 NonLedger Assets 13 Interest due 819520 and accrued 24 07600 on mortgages total 32271 20712 ComptrollerGeneral s Eeport 14 16 17 21 22 25 26 27 28 Interest due 750 and accrued 12939 on bonds total 13689 00 Interest due on premium notes policy loans or liens 14236 74 Interest accrued on other assets 2094 91 Total interest and rents due and accrued Market value of real estate over book value Gross premiums due and unreported on poli cies in force December 31 1913 less re insurance premiums Gross deferred premiums on policies in force December 31 1913 less reinsurance pre miums 62291 85 3912 11 50919 00 20703 00 Totals Deduct loading 71622 00 15912 00 29 Net amount of uncollected and deferred premiums 55710 00 35 Gross assets 3727100 46 38 41 42 43 44 45 46 Deduct Assets Not Admitted Agents debit balances gross Premium notes and loans on policies and net premiums in Item 29 in excess of the net value of their policies Overdue and accrued interest on bonds in default Book value of ledger assets over market value viz Bonds Banks Accident and health department 4279 20 6328 00 1250 00 6187 50 539 08 388 06 Admitted assets VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed on the fol lowing tables of mortality and rates of interest viz American experience table at 3 per cent on all business 2734143 00 Same for reversionary additions 20277 00 3708128 53 i Total 2754420 00 Deduct net value of risks of this company reinsured in other solvent companies 2491 00 Total 2751929 00CompteolleeGenebals Repoet 713 7 Extra reserve for total and permanent dis ability benefits 1537 00 8 Net reserve 2753466 00 9 Present value of amounts not yet due on supplementary eon tracts not involving life contingencies 10234 55 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be demanded 3133 00 12 Claims for death losses in process of ad justment or adjusted and not due 21000 00 13 Claims for death losses reported for which no proofs have been received 9919 08 16 Claims for death losses and other policy claims resisted by the company 20000 00 19 21 23 24 27 28 29 34 36 44 46 47 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 due to agents on premium notes when paid Salaries rents office expenses bills and accounts due or ac crued Medical examiners fees Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in Item 35 Accident and health department Capital stock Unassigned funds surplus 50919 08 38145 00 2388 00 14216 00 3001 13 1809 00 756 00 11521 00 32095 00 19048 00 23179 00 560320 00 183897 77 48 Total 3708128 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 6 12034 00 20 Deduct ceased to be in force during the year 1 2534 00 21 Policies in force December 31 5 9500 00714 ComptrollerGenerals Report 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 1821 86 PHOENIX MUTUAL LIFE INSURANCE COMPANY John M Holcombe President Silas H Cornwell Secretary Charles S Northern Attorney for Service ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 33435230 99 4 Extended at 33435236 99 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 335908 for first years reinsurance 691616 01 6 Surrender values applied to pay first years premiums 8654 34 7 Total first years premium on original poli cies 700270 35 8 Dividends applied to purchase paidup ad ditions and annuities 135637 85 9 Surrender values applied to purchase paidup insurance and annuities 83634 22 10 Consideration for original annuities involv ing life contingencies 83490 85 11 Consideration for supplementary contracts involving life contingencies 20333 00 12 Total new premiums 1023366 27 13 Renewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 3598569 for reinsurance on renewals 4154958 12 14 Dividends applied to pay renewal premiums 522478 17 15 Dividends applied to shorten the endowment or premiumpaying period 7842 00 16 Surrender values applied to pay renewal pre miums 25643 89 18r Total renewal premiums 4710922 18 20 Total premium income 5734288 45CompteollerGenebal s Eepoet 715 21 Consideration for supplementary contracts not involving life contingencies 22 Dividends left with the company to accumulate at interest 24 Gross interest on mortgage loans less 8 26871 accrued interest on mortgages ac quired during 1913 1125097 93 26 Gross interest on bonds and dividends on stocks less 311136 accrued interest on bonds acquired during 1913 27 Gross interest on premium notes policy loans or liens 28 Gross interest on deposits in trust companies and banks 30 Interest on debts paid by agents 33 Gross rent from companys property includ ing 17500 for companys occupancy of its own buildings 51751 99 325938 03 250553 41 15112 17 147 16 19960 00 128105 25 34 Total gross interest and rents 36 Mortgage loan commissions received 37 Guarantee of mortgage loans 41 From agents balances previously charged off 42 Gross profit on sale or maturity of ledger assets viz Bonds 333600 stocks 1098908 total 43 Gross increase by adjustment in book value of ledger as sets viz Bonds for accrual of discount 1769522 52 3718 88 241 00 7487 82 14325 08 2954 25 44 Total income 7680603 25 IIIDisbursements 1 For death claims less 250000 reinsur ance 159786288 additions 29 41502 total 1627277 90 2 For matured endowments less 3000000 re insurance 70843550 additions 34 78117 total 743216 67 4 Net amounts paid for losses and matured endowments 5 For annuities involving life contingencies 6 Premium notes and liens voided by lapse 7 Surrender values paid in cash or applied in liquidation of loans or notes 8 Surrender values applied to pay new premiums 865434 to pay renewal premiums 2564389 total 9 Surrender values applied to purchase paidup insurance and annuities 10 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes 2370494 57 30533 91 35 04 741279 03 34298 U 83634 22 64756 78716 ComptrollerGenerals Eeport 11 Dividends applied to pay renewal premiums 522478 17 12 Dividends applied to shorten the endowment or premium paying period 7842 00 13 Dividends applied to purchase paidup additions and annui ties 135637 85 14 Dividends left with the company to accumulate at interest 128105 25 15 Total paid policyholders 4119095 05 16 Expense of investigation and settlement of policy claims including 134811 for legal expense 1797 68 17 Paid for claims on supplementary contracts not involving life contingencies 13653 67 18 Dividends and interest thereon held on deposit surrendered during the year 46957 20 20 Commissions to agents less commission on reinsurance First years premiums 30837131 renewal premiums 26508109 annuities original 304056 total 576492 96 21 Commuted renewal commissions 34995 52 22 Compensation of managers and agents not paid by commis sion for services in obtaining new insurance 23135 11 23 Agency supervision and traveling expenses of supervisors including compensation for home office supervision 21755 98 24 Branch office expenses including salaries of managers and clerks not included in item 22 173346 34 25 Medical examiners fees 5569527 inspection of risks 800064 total 63695 91 26 Salaries and all other compensation of officers directors trustees and home office employees 197546 91 27 Rent including 17500 for companys occupancy of its own buildings 17950 00 28 Advertising 346730 printing and stationery 3815088 postage telegraph telephone and express 1473140 ex change 1455 total 56364 13 29 Legal expense not included in item 16 3 311 50 30 Furniture fixtures and safes io 391 27 31 Repairs and expenses other than taxes on real estate 21409 47 32 Taxes on real estate 3491 33 33 State taxes on premiums 68 459 71 34 Insurance department licenses and fees 6 509 15 35 All other licenses fees and taxes Federal corporation tax 147956 State treasurers and recorders fees and sure ty bonds 14609 tax franchise 8227947 reserve 3 f 74463 municipal licenses and taxes 204483 pub lishing abstracts 73542 total 90430 00 39 Other disbursements Home office traveling expenses 4 14779 miscellaneous expenses 1644441 mortgage loan expenses 823028 commissions paid on loans 19 48393 total 48306 41ComptrollerGeneral s Report 717 47 Gross loss on sale or maturity of ledger assets viz Real estate 330000 bonds 120625 total 4506 25 48 Gross decrease by adjustment in book value of ledger as sets viz Real estate 100000 bonds for amortization of premium 1525400 stocks 642500 total 22679 00 49 Total disbursements 5626280 55 9 10 12 13 14 16 17 21 22 25 26 27 28 IVLedger Assets Book value of real estate 695550 00 Mortgage loans on real estate first liens 21974990 00 Loans made to policyholders on this com panys policies assigned as collateral 5185377 80 Premium notes on policies in force 69516 03 Book value of bonds 673365600 and stocks 34224000 total 7075896 00 Cash in companys office 328 54 Deposits in trust companies and banks on interest 486665 91 Agents balances debit 662592 credit 539051 net 1235 41 Total ledger assets 35489559 69 NonLedger Assets Interest due 846794 and accrued 461 25267 on mortgages Interest accrued on bonds Interest due 2040848 and accrued 14 70342 on premium notes policy loans or liens Interest due on other assets 469720 61 49423 92 35111 90 22 00 Total interest due and accrued Market value of real estate over book value Gross premiums due and unreported on poli cies in force December 31 1913 less re insurance premiums 291294 18 Gross deferred premiums on policies in force December 31 1913 less reinsurance premiums 323701 35 554278 43 5500 00 Totals Deduct loading 614995 53 140265 77 29 Net amount of uncollected and deferred premiums 474729 76 35 Gross assets 36524067 88718 CompteolleeGenebals Eepoet Deduct Assets Not Admitted 38 Agents debit balances gross 6625 92 41 Premium notes and loans on policies and net premiums in Item 29 in excess of the net value of their policies 928 24 44 Stocks and bonds 350204 00 45 Total 357758 16 46 Admitted assets 36166309 72 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the company on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on policies issued prior to January 1 1901 15903408 00 Same for reversionary additions 596845 00 Total 16500253 00 American experience table at 3 per cent on participating policies issued after Janu ary 1 1901 and all 1907 to 1913 issues and extended insurance 15068555 00 Same for reversionary additions 437522 00 Total 15506077 00 3 American experience table at 3 per cent on nonpartici pating policies issued for years 19011906 inclusive 948445 00 4 Other tables and rates viz Extra reserve on policies where dividends have been applied to shorten the endow ment or premiumpaying period valued by American experience table at 3 per cent 36457 00 5 Net present value of annuities including those in reduction of premiums Mc Clintocks annuity table 3y2 per cent 488358 00 Present value of amounts used in reduction of premiums valued at American 3 per cent 28431 00 Total 516789 00 Total 33508021 00ComptrollerGenerals Report 719 5 Deduct net value of risks of this company reinsured in other solvent companies 8 Net reserve I 9 Present value of amounts not yet due on supplementary con tracts not involving life contingencies computed by the company 10 Liability on policies cancelled and not included in net re serve upon which a surrender value may be demanded 12 Claims for death losses in process of adjust ment or adjusted and not due 24201 54 13 Claims for death losses reported for which no proofs have been received 105370 92 14 Reserve for net death losses incurred but urr reported 25000 00 16 Claims for death losses and other policy claims resisted by the company 14000 00 107960 00 33400001 00 73052 00 14278 11 22 23 25 19 Total policy claims 21 Dividends left with the company to accumulate at interest and accrued interest thereon Premiums paid in advance including surrender values so ap plied Unearned interest and rent paid in advance Commissions to agents due or accrued 27 Salaries rents office expenses bills and accounts due or ac crued 28 Medical examiners fees 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre miums 34 Dividends declared on or apportoined to annual dividend pol icies payable to policyholders during 1914 whether con tingent upon the payment of renewal premiums or other wise 35 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1914 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in Item 35 38 Contingent deferred term dividend 39 Reserve for special paidup option 47 Unassigned funds surplus 168572 46 337630 12 38055 24 119662 79 9724 38 2795 06 3201 00 65329 70 66784 77 843745 00 27040 75 23359 69 13861 93 5000 00 954155 72 48 Total 36166309 72720 ComptrollerGenerals Keport Business in the State of Georgia During the Tear No Amount 17 Policies on the lives of citizens of said State in force December 31 of previous year 1083 2741564 00 18 Policies on the lives of citizens of said State is sued during the year 112 211146 00 19 Total 1195 2952710 00 20 Deduct ceased to be in force during the year 96 290487 00 21 Policies in force December 31 1099 2662223 00 23 Losses and claims incurred during year 18 59214 46 25 Losses and claims settled during the year in cash 17 48100 46 26 Losses and claims unpaid December 31 1 11114 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 81959 54 PITTSBURGH LIFE AND TRUST COMPANY W C Baldwin President James H Mahan Secretary Wm A Wright 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 23329673 55 4 Extended at 23329673 55 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 39973 for first years reinsurance 431037 90 8 Dividends applied to purchase paidup addi tions and annuities 37595 08 9 Surrender values applied to purchase paidup insurance and annuities 39119 00 10 Consideration for original annuities involv ing life contingencies 5692 90 12 Total new premiums 513444 88ComptrollerGenerals Report 721 13 Renewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 447326 for reinsurance on renewals 2366954 70 14 Dividends applied to pay renewal premiums 35478 36 16 Surrender values applied to pay renewal pre miums 19189 82 17 Eenewal premiums for deferred annuities 125 97 18 Total renewal premiums 2421748 85 19 Extra premiums for total and permanent disability benefits 154405 and for additional accidental death benefits 502087 included in life policies total 6564 92 20 Total premium income 2941758 65 21 Consideration for supplementary contracts not involving life contingencies 36999 00 22 Dividends left with the company to accumulate at interest 2661 25 24 Gross interest on mortgage loans 331797 42 25 Gross interest on collateral loans 180 00 26 Gross interest on bonds and dividends on stocks 175611 81 27 Gross interest on premium notes policy loans or liens 220592 37 28 Gross interest on deposits in trust companies and banks 6076 91 32 Gross discount on claims paid in advance 567 16 33 Gross rent from companys property in cluding 22800 for companys occupancy of its own buildings 245267 78 34 Total gross interest and rents 980093 45 36 Profit and loss 1565 43 37 Federal income tax coll aect 40 00 38 Deposit on lease 5000 00 41 From agents balances previously charged off 2439 53 43 Gross increase by adjustment in book value of ledger as sets viz Eeal estate52753822 bonds for accrual of discount 5789 08 total 533326 30 44 Total income 4503883 61 IIIDisbursements 1 For death claims 158217547 additions 2850251 total 1610677 98 2 For matured endowments 49281800 ad ditions 502856 total 497846 56 3 For additional accidental death benefits 745 34722 ComptrollerGenerals Eeport 4 Net amounts paid for losses and matured endowments 2109269 88 5 For annuities involving life contingencies 18328 48 7 Surrender values paid in cash or applied in liquidation of loans or notes 645140 37 8 Surrender values applied to pay renewal premiums 19189 82 9 Surrender values applied to purchase paidup insurance and annuities 39119 00 10 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes 133710 58 11 Dividends applied to pay renewal premiums 35478 36 13 Dividends applied to purchase paidup additions and annui ties 37595 08 14 Dividends left with the company to accumulate at interest 2661 25 15 Total paid policyholders 3040492 82 16 Expense of investigation and settlement of policy claims 456 16 17 Paid for claims on supplementary contracts not involving life contingencies 14521 91 18 Dividends and interest thereon held on deposit surrendered during the year 1695 96 19 Paid stockholders for interest or dividends 100000 00 20 Commissions to agents less commission on reinsurance First years premiums 11667419 renewal premiums 6916076 annuities original 13425 total 185969 20 22 Compensation of managers and agents not paid by commis sion for services in obtaining new insurance 16055 91 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 114555 29 24 Branch office expenses including salaries of managers and clerks not included in item 22 17269 55 25 Medical examiners fees 2638481 inspection of risks 420126 total 30586 07 26 Salaries and all other compensation of officers directors trustees and home office employees 121699 19 27 Rent 22800 00 28 Advertising 1928156 printing and stationery 15 34254 postage telegraph telephone and express 14 08962 total 48713 72 29 Legal expense not included in item 16 5965 96 30 Furniture fixtures and safes 1259 03 31 Repairs and expenses other than taxes on real estate 63597 61 32 Taxes on real estate 62994 72 33 State taxes on premiums 25 582 16 34 Insurance department licenses and fees 6780 14 36 Federal corporation tax 2130 96 37 Capital stock tax 10132 95 38 Tax on mortgage 15000 00 40 Suspense account 125 62 41 Interest on deposit on lease 1328 71ComptrollerGenerals Beport 723 42 General expense 2752 94 43 Investment expenses 37210 00 47 Gross loss on sale or maturity of ledger assets viz Bonds 27 21 48 Gross decrease by adjustment in book value of ledger as set Eeal estate 36942916 bonds for amortization of premium 170636 total 371135 52 49 Total disbursements 4320839 31 IVLedger Assets 1 Book value of real estate 5101588 56 2 Mortgage loans on real estate first liens 9509375 00 3 Loans secured by pledge of bonds stocks or other collateral 3000 00 4 Loans made to policyholders on this com panys policies assigned as collateral 4290257 43 5 Premium notes on policies in force 81616 45 6 Book value of bonds 408226094 and stocks 4765130 total 4129912 24 7 Cash in companys office 1728 48 9 Deposits in trust companies and banks on interest 364039 26 10 Bills receivable 613 43 11 Washington Life stock 2488700 cont rev 570000 total 30587 00 12 Total ledger assets 23512717 85 NonLedger Assets 13 Interest due 625700 and accrued 81 02217 on mortgages 87379 67 14 Interest accrued on bonds 47763 74 16 Interest due 1931161 and accrued 23 29112 on premium notes policy loans or liens 42602 73 17 Intest accrued on other assets 325 25 20 Rents due on companys property or lease 2249 54 21 Total interest and rents due and accrued 180320 93 25 Gross premiums due and unreported on pol icies in force December 31 1913 less re insurance premiums 142268 72724 ComptrollerGenerals Eeport 26 Gross deferred premiums on policies in force December 31 1913 less reinsurance pre miums 27 Totals 28 Deduct loading 218288 41 360557 13 65159 45 29 Net amount of uncolleeted and deferred premiums 295397 68 35 Gross assets 23988436 46 Deduct Assets Not Admitted 40 Bills receivable 613 43 41 Premium notes and loans on policies and net premiums in Item 29 in excess of the net value of their policies 8418 68 44 Washington Life stock 24887 00 45 Bonds not subject to amortization 137500 stocks 6400 total 143900 00 Total 177819 11 46 Admitted assets 23810617 35 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the Pennsylvania Insurance Department on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on 9754611 00 Same for reversionary additions 150337 00 Total 9904948 00 2 American experience table at 34 per cent on 6741994 00 Same for reversionary additions 112008 00 Total 6854002 00 3 American experience table at 3 per cent on 4478951 00 5 Net present value of annuities including those in reduction of premiums American 3 per cent 56781 00 Actuaries 4 per cent 74251 00 Total 131032 00 Total 21368933 00CompteollekGteneeals Eepokt no Deduct net value of risks of this company reinsured in other solvent companies 3400 00 Balance 21365533 00 Extra reserve for total and permanent disability benefits 96000 and for additional accidental death benefits 289000 included in life policies total 3850 00 9 10 12 13 14 15 19 21 22 23 25 27 28 29 33 36 38 39 41 Total policy claims Dividends left with the company to accumulate at interest and accrued interest thereon Premiums paid in advance including surrender values so ap plied 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 1297 and legal fees 200 due or accrued 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 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in Item 35 Extra reserve for incr ins in T A class Extra reserve for sur val in excess of net val of the policies All other liabilities Surrender values due and unpaid 67195 suspense account 153044 dep on lease 5 000 federal income tax collection account 40 total 113496 00 516 00 ISTet reserve 21369383 00 Present value of amounts not yet due on supplementary contracts not involving life contingencies Liability on policies cancelled and not included in net re serve upon which a surrender value may be demanded Claims for death losses in process of adjust ment or adjusted and not due 76686 84 Claims for death losses reported for which no proofs have been received 76713 70 Reserve for net death losses incurred but un reported 11142 00 Claims for matured endowments due and un paid 11700 37 176242 91 9254 28 23913 46 102974 33 6973 47 8246 09 1497 00 48335 66 17451 69 27053 26 5852 00 28676 00 7242 39726 ComptbollebGeneeals Kepoet 46 Capital stock 1000000 00 47 Unassigned funds surplus 869 361 81 48 Total 23810617 35 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 663 1489230 00 19 Policies on the lives of citizens of said State is sued during the year 64 253910 00 19 Total 727 1743140 00 20 Deduct ceased to be in force during the year 118 440 432 00 21 Policies in force December 31 609 1 302 708 00 22 Losses and claims unpaid December 31 of previous year 3 2100 00 23 Losses and claims incurred during year 10 10 215 43 24 Total 13 12315 43 25 Losses and claims settled during the year in cash 1201543 by compromise 200 total 12 12215 43 26 Losses and claims unpaid December 31 1 loo 00 THE PRUDENTIAL INSURANCE COMPANY OF AMERICA Home Office 755 to 769 Broad Street Newark New Jersey Forrest F Dryden President Willard I Hamilton Secretary ICapital Stock 1 Amount of capital paid up in cash 2000000 00 2 Amount of ledger assets as per balance December 31st of previous year286498181 86 4 Extended at 286498181 86 IIIncome 5 First years premiums on original policies ordinary without deduction for commis sions or other expenses less 270 for first years reinsurance 3876346 84ComptrollerGenerals Report 727 6 Surrender values applied to pay first years premiums ordinary 43 02 7 Total first years premiums on original pol icies ordinary 3876389 86 8 Dividends applied to purchase paidup addi tions and annuities ordinary 75097 76 9 Surrender values applied to purchase paid up insurance and annuities ordinary 502866 80 10 Consideration for original annuities involv ing life contingencies 329045 97 11 Consideration for supplementary contracts involving life contingencies 10096 50 12 Total new premiums ordinary 4793496 89 13 Renewal premiums ordinary in addition to items 14 16 and 17 without deduc tion for commissions or other expenses less 14203230 for reinsurance on re newals 25145058 15 14 Dividends applied to pay renewal premiums ordinary 458488 04 15a Annuities under supplemental contracts in volving life contingencies applied to pay renewal premiums ordinary 55 70 16 Surrender values applied to pay renewal pre miums ordinary 3303 37 17 Renewal premiums for deferred annuities 2595 17 18 Total renewal premiums ordinary 25609500 43 19 Extra premiums for total and permanent disability benefits 10428 80 19a Total premium income ordinary 30413426 12 19b Industrial premiums a Cash 48141669 18 b Surrender values applied to purchase paidup insurance and annuities 1417987 07 c Dividends applied to pay renewal pre miums 1126079 11 d Dividends applied to purchase paidup additions and annuities 9844 45 Total 50695579 81 Total premium income 81109005 93 21 Consideration for supplementary contracts not involving life contingencies 174381 73728 ComptrollerGeneral s Eeport 24 Gross interest on mortgage loans less 93 35092 accrued interest on mortgages ac quired during 1913 4061801 45 25 Gross interest on collateral loans 143179 99 26 Gross interest on bonds and dividends on stocks less 15041907 accrued interest on bonds acquired during 1913 7325321 43 27 Gross interest on premium notes policy loans or liens 1223946 34 28 Gross interest on deposits in trust com panies and banks 220548 12 29 Gross interest on other debts due the com pany On purchase price of property sold under contract 2188 on revivals and changes in premiums 1171774 on agents indebtedness 132080 on ad vances account of loans recovered under foreclosure proceedings 127 74 33 Gross rent from companys property in cluding 65510004 for companys occu pancy of its own buildings 1088032 97 34 Total gross interest and rents 14076018 46 35 From other sources Conscience fund 56 10 42 Gross profit on sale or maturity of ledger assets viz Bonds 600454 stocks 12758500 total 133589 54 44 Total income 95493051 76 IIIDisbursements 1 For death claims 2124805114 additions 22408148 total 21472132 62 2 For matured endowments less 750000 re insurance 74028967 additions 2 82000 total 743109 67 3 For totaland permanent disability claims 412 23 4 Net amount paid for losses and matured endowments 22215654 52 5 For annuities involving life contingencies 14875683 sup plementary contracts 5570 ijg gi2 53 7 Surrender values paid in cash or applied in liquidation of loans or notes 4065177 03 8 Surrender values applied to pay new premiums 4302 to pay renewal premiums 330337 total 3346 39 9 Surrender values applied to purchase paidup insurance and annuities 1920853 87 10 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes 3 95 192 65ComptrollerGenerals Report 729 11 Dividends applied to pay renewal premiums 1584567 15 13 Dividends applied to purchase paidup additions and annui ties 84942 21 15 Total paid policyholders 33848546 35 16 Expense of investigation and settlement of policy claims including 1063965 for legal expense 35222 51 17 Paid for claims on supplementary contracts not involving life contingencies 90722 28 19 Paid stockholders for interest or dividends 200000 00 20 Commissions to agents less commission on reinsurance First years premiums ordinary 140377027 renewal premiums ordinary 92157455 annuities original 1369041 renewal 11553 industrial 9091 43400 total 11430584 76 21 Commuted renewal commissions 1075 00 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 1719 22 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 357837 28 24 Branch office expenses including salaries of managers and clerks not included in item 22 3574069 76 25 Medical examiners fees 68522175 inspection of risks 6464848 total 749870 23 26 Salaries and all other compensation of officers directors trustees and home office employees 2818508 69 27 Kent including 65510004 for companys occupancy of its own buldings less 60950 received under sublease 1012077 71 28 Advertising 8992929 printing and stationery 354 91904 postage telegraph telephone and express 201 55726 exchange 17553 total 646581 12 29 Legal expense not included in item 16 40284 81 30 Furniture fixtures and safes 109250 92 31 Repairs and expenses other than taxes on real estate 355602 34 32 Taxes on real estate 438179 44 33 State and provincial taxes on premiums 1116378 73 34 Insurance department licenses and fees 39585 73 35 All other licenses fees and taxes Federal corporation tax 11537059 life insurance excise tax Massachusetts 2246014 New Jersey State tax on surplus 20832000 municipal taxes and licenses 16916374 city and coun ty taxes on premiums 535546 local licenses and privi lege taxes 606499 provincial tax on interest receipts 3182 total 526766 74 39 Other disbursements Law library 104989 expenses of annual audit by public accts 90000 expense of examination by New Jersey State Department 36 75492 sundry general expenses includes contribution of 1089604 toward expenses of the Association of730 ComptrollerGenerals Report life insurance presidents of which 22022 was disbursed by them for legal expenses and 443355 for legislative expenses 19099927 premiums on surety bonds 3 04042 investment expense account 3979030 legisla tive expenses 947427 compensation and expensp of medical referees 15700 service retirement allowance and payments made to disabled home office and field em ployees 8591437 total 376179 44 47 Gross loss on sale or maturity of ledger assets viz Real estate 25600 bonds 24462466 total 244880 66 48 Gross decrease by adjustment in book value of ledger as sets viz Real estate 245568 50 49 Total disbursements 58259492 22 IVLedger Assets 1 Book value of real estate 17992882 93 2 Mortgage loans on real estate first liens 92717319 72 3 Loans secured by pledge of bonds stocks or other collateral 3011500 00 4 Loans made to policyholders on this com panys policies assigned as collateral 24547507 61 6 Book value of bonds 17054413934 and stocks 263380450 total 173177943 84 8 Deposits in trust companies and banks not on interest 640420 57 9 Deposits in trust companies and banks on interest 11631474 26 10 Agents balances 3954 79 12 Total ledger assets 323731741 40 NonLedger Assets 1H Interest due 9328501 and accrued 1 49480150 on mortgages 1588086 51 14 Interest due 400 and accrued 2303 14073 on bonds 2303540 73 15 Interest accrued on collateral loans 30394 52 16 Interest due 13936575 and accrued 14950 on premium notes policy loans or liens 139515 25 17 Interest due on bank balances 1025 74 29 Rents due 83833 and accrued 1207517 on companys property or lease 12913 50 21 Total interest and rents due and accrued 4075476 25ComptrollerGenerals Report 731 New Business Renewals 25 Gross premiums due and un reported on policies in force December 31 1913 less reinsurance pre miums 98748 90 1408407 85 26 Gross deferred premiums on policies in force Decem ber 31 1913 less reinsur ance premiums ordi nary 618157 02 4172889 90 27 Totals ordinary 716905 92 5581297 75 28 Deduct loading ordinary 107535 94 952342 65 29 Net amount of uneollected and deferred premiums ordinary 609369 98 4628955 10 5238325 08 29a Net amount of uneollected premiums industrial gross 139166749 deduct loading 56353256 828134 93 31 Supplies stationery printed matter 10000 00 32 Furniture fixtures and safes 50000 00 33 Law library 9 211 80 35 Gross assets 333942889 46 Deduct Assets Not Admitted 37 Supplies stationery printed matter 10 00000 furniture fixtures and safes 50 00000 law library 92118 total 69211 80 38 Agents debit balances gross 3954 79 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 129 27 43 Book value of ledger assets over market value viz Bonds and stocks 11092887 06 44 Amounts on deposit in banks which have suspended payment 7386 39 45 Total Iljl73569 31 46 Admitted assets322769320 15 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the company on the following tables of mortality and rates of interest viz732 ComptrollerGeneral s Eeport 1 Actuaries table at 4 per cent on policies issued prior to January 1 1901 except as provided for in items 4 5 and 10 83232193 00 Same for reversionary additions 275133 00 Total 83507328 00 2 American experience table at 3 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 98814045 00 Same for reversionary additions 379543 00 Total 99193588 00 3 American experience table at Z per cent on ordinary policies issued after July 31 1907 except as provided for in items 4 5 and 10 32547396 00 4 Other tables and rates viz New York Standard Industrial table at 3 per cent on Industrial policies issued after December 31 1906 except as pro vided for in item 10 34968428 00 New York Standard intermediate table at 3 per cent on intermediate intermedi ate rating and hazardous rating policies issued after July 31 1907 6255002 00 Liability on account of extra premiums for occupation residence etc 33718 00 Total 41257148 00 5 Net present value of annuities including those in reduction of premiums Actuaries table at 4 per cent on original annuities issued prior to January 1 1901 and annuities supplemental to in surance issues in same period 201578 00 American experience table at 3 per cent on original annuities issued after Decem ber 31 1900 and prior to January 1 1907 and annuities supplemental to in surance issues after July 31 1907 234562 00 American experience table at 3 per cent on insurance element of issues after Decem ber 31 1900 and prior to August 1 1907 and annuities supplemental to insurance issues in same period 50508 00 McClintocks tables at 3 per cent on orig inal annuities issued after December 31 1906 1210527 00 CompteollebGenebals Repoet 73 Hunters disability tables at 3 per cent value of premiums waived under approved disability claims supplemental to insur ance issues after May 31 1912 159 00 Total 1697134 00 Total258202594 00 6 Deduct net value of risks of this company reinsured in other solvent companies 797737 00 Balance 257404857 0O 7 Extra reserve for total and permanent disability benefits 6399 00 8 Net reserve257411256 00 9 Present value of amounts not yet due on supplementary con tracts not involving life contingencies computed by the assumption of interest rates as follows On participat ing policies issued prior to 1901 4 per cent on non participating policies issued prior to 1901 or after July 31 1907 and on income policies 3 per cent on all other policies 3 per cent 1065996 46 10 Liability on policies canceled and not included in net reserve upon which a surrender value may be demanded 486886 00 12 Claims for death losses in process of ad justment or adjusted and not due 360268 26 13 Claims for death losses reported for which no proofs have been received 708345 93 14 Eeserve for net death losses incurred but unreported 200000 00 15 Claims for matured endowments due and un paid 24735 80 16 Claims for death losses and other policy claims resisted by the company 86611 39 18 Due and unpaid on annuity claims involv ing life contingencies 295 09 19 Total policy claims 1380256 47 20 Due and unpaid on supplementary contracts not involving life contingencies 1450 00 22 Premiums paid in advance including surrender values so applied 1000227 69 23 Unearned interest and rent paid in advance 656100 97 25 Commissions to agents due or accrued 18772 42 27 Salaries rents office expenses bills and accounts due or accrued 28 Medical examiners fees 11647878 inspection of risks 438125 and legal fees 1323798 due or accrued 80737 65 134008 01734 ComptrollerGeneral s Eeport 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 1521505 55 32 Unpaid dividends to stockholders 400000 00 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre miums Annual dividend policies 3561516 deferred dividend policies 12233986 nonparticipating policies 4023930 total 198194 32 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 389971 06 35 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1914 5771244 94 35a Dividends declared on or apportioned to nonparticipating industrial policies payable to policyholders during 1914 526859 00 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 35 25127123 55 37 Reserve special or surplus funds not included above Spe cial reserve set aside prior to 1899 to prepare for a more stringent basis of reserve on industrial policies 1000000 00 42 Surrender values due and unpaid 574 19 46 Capital stock 2000000 00 47 Unassigned funds surplus 23598065 87 48 Total 322769320 15 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 ofprevious year 6772 14392530 00 18 Policies on the lives of citizens of said State is sued during the year 656 1605050 00 39 Total 7428 15997580 00 20 Deduct ceased to be in force during the year 530 1209382 00 21 Policies in force December 31 6898 14788198 00 22 Losses and claims unpaid December 31 of previous year 6 9027 30 23 Losses and claims incurred during the year 55 148784 71 24 Total 61 157812 01 25 Losses and claims settled during the year in cash 58 152312 01 26 Losses and claims unpaid December 31 3 5500 00ComptrollerGeneral s Report 735 27 Premiums collected or secured in cash and notes on credits without any deduction for losses dividends commissions or other expenses ordinary 419345 OO RELIANCE LIFE INSURANCE COMPANY Home Office Fifth Avenue and Wood Street Pittsburgh Penna James H Beid President H G Scott 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 3519606 38 4 Extended at 3519 606 38 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 850560 for first years reinsurance 43420 L 91 8 Dividends applied to purchase paidup ad ditions and annuities 9799 69 12 Total new premiums 444001 601 13 Renewal premiums in addition to items 14 16 and 17 without deduction for com mission or other expenses less 1607220 for reinsurance on renewals 984280 03 14 Dividends applied to pay renewal premiums 7025 12 18 Total renewal premiums 991305 15 20 Total premium income 1435306 75 22 Dividends left with the company to accumulate at interest 271 16 24 Gross interest on mortgage loans less 80051 accrued interest on mortgages ac quired during 1913 27969 93 26 Gross interest on bonds and dividends on stocks less 762301 accrued interest on bonds acquired during 1913 84916 58 27 Gross interest on premium notes policy loans or liens 29749 66736 CoMPTROLLERGtENERALs EePORT 28 Gross interest on deposits in trust companies and banks 4086 29 30 Interest actually paid on agents balances 4521 12 33 Gross rent from companys property 10534 96 34 Total gross interest and rents 36 Receipts accident and health department see separate state ment filed giving details 42 Gross profit on sale or maturity of ledger assets viz Bonds 43 Gross increase by adjustment in book value of ledger as sets viz Bonds for accrual of discount 171778 54 57491 51 1245 78 3046 66 44 Total income 1669140 40 IIIDisbursements 1 For death claims 22031954 additions 48182 total 2 For matured endowments 220801 36 800 00 4 Net amount paid for losses and matured endowments 221601 36 6 Premium notes and liens voided by lapse 19996 84 7 Surrender values paid in cash or applied in liquidation of loans or notes 44070 17 10 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes 12813 90 11 Dividends applied to pay renewal premiums 7025 12 13 Dividends applied to purchase paidup additions and an nuities 9799 69 14 Dividends left with the company to accumulate at interest 271 16 15 Total paid policyholders 315578 24 16 Expense of investigation and settlement of policy claims including 37200 for legal expense 2566 17 17 Paid for claims on supplementary contracts not involving life contingencies 1000 00 20 Commissions to agents less commission on reinsurance First years premiums 26991240 renewal premiums 3930471 total 309217 11 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 28859 16 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 2193 23 24 Branch office expenses including salaries of managers and clerks not included in item 22 110233 39 25 Medical examiners fees 4971929 inspection of risks 1188556 total 61604 85 26 Salaries and all other compensation of officers directors trustees and home office employees 63201 05ComptrollerGeneral s Report 737 27 Rent 28 Advertising 228621 printing and stationery 1271218 postage telegraph telephone and express 887781 to tal 29 Legal expense not included in item 16 30 Furniture fixtures and safes 31 Repairs and expenses other than taxes on real estate 32 Taxes on real estate 33 State taxes on premiums 34 Insurance department licenses and fees 36 Federal corporation tax 39 Other disbursements Library 32380 general expense premium on agency and office bonds and miscellaneous 340231 annual audit and consulting expenses 73870 fire insurance on office furniture 2872 photographic 91984 disbursements accident department separate statement filed giving details 4021510 total 46 Agents balances charged off 47 Gross loss on sale or maturity of ledger assets viz Bonds 48 Gross decrease by adjustment in book value of ledger as sets viz Bonds for amortization of premium 19920 00 23876 20 1272 06 300 37 462 00 2312 99 21293 28 7153 77 9532 54 45628 47 14701 94 301 09 4135 82 49 Total disbursements 1045343 93 IVLedger Assets 1 Book value of real estate 160090 40 2 Mortgage loans on real estate first liens 655100 00 4 Loans made to policyholders on this com panys policies assigned as collateral 390891 07 5 Premium notes on policies in force 248199 99 6 Book value of bonds 2367819 76 7 Cash in companys office 9272 93 8 Deposits in trust companies and banks not on interest 33333 58 9 Deposits in trust companies and banks on interest 93102 97 10 Bills receivable 1323401 agents balances debit 16952197 credit 216983 net 16735214 total 180586 15 11 Judgment of record Paul Bright Wilming ton Del 5000 00 12 Total ledger assets 4143402 85 NonLedger Assets 13 Interest accrued on mortgages 14 Interest accrued on bonds 7884 58 28495 36ComptrollerGenerals Report 10 21 22 25 Interest accrued on premium notes policy loans or liens 11169 00 Interest due and accrued on bank balances 111 58 Rents due on companys property or lease 120 00 Total interest and rents due and accrued Market value of real estate over book value approved value by Pennsylvania Insurance Department September 2 1913 Gross premiums due and un reported on policies in force December 31 1913 less reinsurance pre miums Gross deferred premiums on policies in force Decem ber 31 1913 less reinsur ance premiums New Business 3721 00 15241 50 27 28 29 31 32 35 Totals Deduct loading 18962 50 9481 25 Renewals 185002 83 57388 70 242291 53 48478 31 Net amount of uncollected and deferred premiums 948125 193913 22 Outstanding accident premiums details in separate state ment filed Office furniture and fixtures 47781 52 34756 14 203394 47 9411 45 55013 13 Gross assets 4493759 56 Deduct Assets Not Admitted 37 Furniture fixtures and safes 38 Agents debit balances gross 40 Bills receivable 55013 13 169521 97 13234 01 45 Total 237769 11 46 Admitted assets 4255990 45 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the Pennsylvania Insurance Department on the following tallies of mortality and rates of interest vizComptrollerGenerals Eeport 739 2 American experience table at 3 per cent on all policies is sued prior to April 19th 1909 3 American experience table at 3 per cent on all policies issued subsequent to April 19th 1909 1207391 00 Same for reversionary additions 16908 00 Total 1224299 00 Total 2894835 00 6 Deduct net value of risks of this company reinsured in other solvent companies 18581 00 8 Net reservefj 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies 13 Claims for death losses reported for which no proofs have been received 16 Claims for death losses and other policy resisted by the company 2876254 00 8392 40 12527 00 4865 67 19 Total policy claims 21 Dividends left with the company to accumulate at interest and accrued interest thereon 22 Premiums paid in advance including surrender values so applied 23 Unearned interest and rent paid in advance 24 Commissions due to agents on premium notes when paid 27 Salaries rents office expenses bills and accounts due or accrued 28 Medical examiners fees 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 35 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1914 38 Accident and health reserve 50 per cent of gross pre miums details given in separate statement filed 42 Accident department separate statement filed giving de tails 46 Capital stock 47 Unassigned funds surplus 17392 67 271 16 2826 14 6839 83 992 79 535 00 23115 00 18500 00 9709 54 6275 44 30266 11 5396 73 1000000 00 270023 04 48 Total 4255990 45740 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 1322 2064217 00 18 Policies on the lives of citizens of said State is sued during the year 341 498500 00 19 Total 1663 2562717 00 20 Deduct ceased to be in force during the year 207 318898 00 21 Policies in force December 31 1456 2243819 00 23 Losses and claims incurred during year 10 15544 00 25 Losses and claims settled during the year in cash 9 15287 00 26 Losses and claims unpaid December 31 1 25700 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 74784 21 RESERVE LOAN LIFE INSURANCE COMPANY Chalmers Brown President W K Bellis Secretary W 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 Dec 31 of previous year 270518390 4 Extended at 2705183 90 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 32290 for first years reinsurance 206467 85 6 Surrender values applied to pay first years premiums 129 81 7 Total first years premiums on original policies 206597 66 ComptbollebGeneeal s Report 8 Dividends applied to purchase paidup ad ditions and annuities 3 83 9 Surrender values applied to purchase paid insurance and annuities 15339 29 12 Total new premiums 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 97030 for reinsurance on renewals 563691 63 14 Dividends applied to pay renewal prem iums 1259 12 16 Surrender value applied to pay renewal premiums 4609 27 18 Total renewal premiums 19 Extra premiums for total and permanent disability bene fits 135320 and for additional accidental death benefits 135321 included in life policies 20 Total premium income 22 Dividends left with the company to accumulate at in terest 24 Gross interest on mortgage loans less 61598 accrued interest on mortgages acquired during 1913 88777 69 26 Gross interest on bonds and dividends on stocks 587 00 27 Gross interest on premium notes policy loans or liens 54999 76 28 Gross interest on deposits in trust com panies and banks 1902 82 30 Miscellaneous from over due premiums 153 97 34 Total gross interest and rents 35 From other sources Partial payment on voided notes 2223 survivorship surplus 28000 44 Total income IIIDisbursements 1 For death claims 157486 00 2 For matured endowments 31571 88 4 Net amounts paid for losses and matured endowments 6 Premiums notes and liens voided by lapse 7 Surrender values paid in cash or applied in liquidation of loans or notes 741 221940 78 369560 02 2706 41 794207 21 23 13 146421 24 302 23 940953 81 189057 88 11403 58 73957 36742 CompteolleeGenebals Kepobt 8 Surrender values applied to pay new premiums 129SI to pay renewal premiums 460927 4739 08 9 Surrender values applied to purchase paid up insurance and annuities 15339 29 10 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 1774 62 11 Dividends applied to pay renewal premiums 1259 12 13 Dividends applied to purchase paid up additions and an nuities 3 83 14 Dividends left with the Company to accumulate at in terest 23 13 15 Total paid policyholders 29755789 16 Expense of investigation and settlement of policy claims including 166872 for legal expense 1269 09 17 Paid for claims on supplementary contracts not involving life contingencies 19635 14 20 Commissions to agents less commission on reinsurance First years premiums 17045048 renewal premiums 1540560 total 185850 08 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 7800 00 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 10641 95 25 Medical examiners fees 2260350 inspection of risks 595468 total 28558 18 26 Salaries and all other compensation of officers directors trustees and home office employees 69060 02 27 Rent 6200 00 28 Advertising 297633 printing and stationery 487996 postage telegraph telephone and express 362634 11482 63 29 Legal expense not included in item 16 2505 60 30 Furniture fixtures and safes 447 39 32 Taxes on real estate investment Marion Co Ind 1184 7S 33 State taxes on premiums 8898 68 34 Insurance department licenses and fees 2816 50 35 All other licenses fees and taxes Municipal licenses 5500 Franchise tax 10000 total 155 00 39 Other disbursements Interest paid on coupons 3807 dividends paid out of survivorship surplus 1918 miscellaneous expense 196820 investment 9032 legislative expense 2438 general Traveling expenses 598243 total 812258 46 Agents balances charged off 4049 61 49 Total disbursements 669241 32ComptrollerGenerals Report IVLedger Assets 2 Mortgage loans on real estate 1758232 45 4 Loans made to polieyholders on this com panys policies assigned as collateral 1098606 55 5 Premium notes on policies in force 19501 19 6 Book value of bonds 14475 00 Cash in companys office 1612 38 Deposits in trust companies and banks 72750 31 Agents balances debit 1311539 credit 139688 net 11718 51 7 9 in 743 v 12 Total ledger assets 2976896 39 13 14 16 17 21 25 26 NonLedger Assets Interest accrued Interest accrued on bonds Interest accrued on premium notes policy loans or liens Interest due 1303 and accrued 67145 on other assets certificate of deposit Total interest and rents due and accrued New Business Gross premiums due and unreported on policies in force Dec 31 1913 less reinsurance premiums 33813 13 Gross deferred premiums on policies in force Dec 31 1913 less reinsur ance premiums 33996 92 245 75 3256 84 684 48 38183 99 Renewals 31898 03 24816 58 27 28 Totals 3381313 50714 61 Deduct loading 2420 1 I 9790 97 Net amount of uncollected and deferred premiums 961002 46923 64 56533 66 Furniture fixtures safes supplies and stationery 8000 00 29 33 35 Gross assets 3079614 04 Deduct Assets Not Admitted 37 Furniture fixtures and safes 8000 00 38 Agents debit balances gross 1311539 secured 1804 69 11310 70744 ComptrollerGenerals Report 41 Premium notes and loans on policies and net premiums in Item 29 in excess of the net value of their policies 9131 56 43 Book value of ledger assets over market value viz City of Richmond Va Bond 575 00 45 Total 29017 26 46 Admitted assets 3050591 78 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Bee 1913 as computed by the following tables of mortality and rates of inter est viz 1 Actuaries table at 4 per cent on all busi ness issued prior to Jan 1 1905 1465611 20 2 American experience table at 3 V per cent on all business issued since Jan 1 1905 1231431 80 Same for reversionary additions 343 41 Total 2700389 44 6 Beduct net value of risks of this company reinsured in other solvent companies 1269 10 Total 2699120 34 7 Extra reserve for total and permanent dis ability benefits 1434 82 8 Net reserve 2700555 16 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the companys actuary 1683 03 12 Claims for death losses in process of ad justment or adjusted and not due 4500 00 13 Claims for death losses reported for which no proofs have been received 9000 00 14 Reserve for net death losses incurred but unreported 5000 00 16 Claims for death losses and other policy claims resisted by tlic company 37000 GO 19 Total policy claims 55500 00 21 Dividends left with the company to accumulate at in terest and accrued interest thereon 23 61 22 Premiums paid in advance including surrender values so applied 2483 52ComptrollerGenerals Report 745 23 Unearned interest and rent paid in advance 27 036 09 24 Commissions due to agents on premium notes when paid 698 42 27 Salaries rents office expenses bills and accounts due r arued 1383 70 28 Medical examiners fees 2 034 98 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement g gj o 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and defer red premiums 216 08 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise rr3 g 35 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1914 3 207 85 37 Reserve special or surplus funds not included above 38 Coupons left with Co to accumulate int 1949852 int thereon 90195 20 400 47 40 Survivorship dividend fund 570082 accrued inst 1 21942 toi 6920 24 45 Total 2831581 52 46 Capital stock 100000 00 47 Unassigned funds surplus 119 015 27 48 Total 3050596 78 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 479 1020310 00 18 Policies on the lives of citizens of said state issued during the year 331 602000 00 1 Total 810 1622310 00 20 Deduct ceased to be in force during the year 222 479 210 00 21 Policies in force December 31 588 1143100 00 23 Total losses and claims incurred during year 1 1000 00 25 Losses and claims settled during the year in cash 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 40842 24746 ComptrollerGenerals Eepoet SECURITY MUTUAL LIFE INSURANCE COMPANY OF BLNGHAMPTON NEW YORK Frederic W Jenkins President Charles A LaDue Secretary Wm A Wright Atlanta Ga Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance Dec 31 of previous year 6278507 61 4 Extended at 6278507 61 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 166005 for first years reinsurance 1563S0 97 8 Dividends applied to purchase paid up ad ditions and annuities 3443 17 9 Surrender values applied to purchase paid up insurance and annuities 24091 78 12 Total new premiums 183915 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 3 60182 for reinsurance on renewals 1366075 72 14 Dividends applied to pay renewal prem iums 62688 1 16 Surrender values applied to pay renewal premiums 4664 W 18 Total renewal premiums 1133428 2i 20 Total premium income 161 731 1 19 21 Consideration for supplementary contracts not involving life contingencies 4595 00 22 Dividends left with the company to accumulate at in terest 83 75 24 Gross interest on mortgage loans less 1 76839 accrued interest on mortgages accrued interest on mortgages acquired during 1913 68456 55 25 Gross interest on collateral loans 2000 00ComptrollerGenerals Report 747 26 Gross interest on bonds and dividends on stocks less 283431 accrued interest on bonds acquired during 1913 27 Gross interest on premium notes policy loans or liens 28 Gross interest on deposits in trust com panies and banks 29 Gross interest on other debts due the com pany Premium extensions bills receiv able etc 33 Gross rent from companys property in cluding 1500000 for companys occu pancy of its own buildings 102427 08 71233 76 8088 19 6254 91 45860 96 34 Total gross interest and rents 304321 45 42 Gross profit on sale or maturity of ledger assets viz Bonds 2875 00 43 Gross increase by adjustment in book value of ledger assets viz Bonds including 87500 for accrual of discount 36902 65 44 Total income 1970322 04 IIIDisbursements 1 For death claims 54892765 additions 1360399 562531 64 2 For matured endowments 7000 00 4 Net amounts paid for losses and matured endowments 5 For annuities involving life contingencies 6 Premium notes and liens voided by lapse less 35 73040 restorations 7 Surrender values paid in cash or applied in liquidation of loans or notes 8 Surrender values applied to pay new premiums O Surrender values applied to purchase paid up insurance and annuities 10 Dividends paid to policyliolders in cash or applied in liquidation of loans or notes 11 Dividends applied to pay renewal premiums 13 Dividends applied to purchase paidup additions and annuities 14 Dividends left with the Company to accumulate at in terest 569531 64 788 81 73599 21 299343 11 4664 07 24091 78 15755 35 82688 48 3443 17 42S3 75 15 Total paid policyliolders 1051189 37748 ComptrollerGenerals Report 16 Expense of investigation and settlement of policy claims including 163398 for legal expense 10633 98 17 Paid for claims on supplementary contracts not involv ing life contingencies 3183 9o 18 Dividends and interest thereon held on deposit surrender ed during the year 898 72 20 Commissions to agents less commission on reinsurance First years premiums 6892213 renewal premiums 8441955 total 153341 68 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 703994 24 Branch office expenses including salaries of managers and clerks not included in item 22 82206 91 25 Medical examiners fees 1933100 inspection of risks 453718 3868 18 26 Salaries and all other compensation of officers directors trustees and home office employees 99134 24 27 Rent including 1500000 for companys occupancy of its own buildings less 36150 received under sublease 21471 06 28 Advertising 261565 printing and stationery 415335 postage telegraph telephone and express 683081 exchange 1161 13611 42 29 Legal expense not included in item 16 2653 46 30 Furniture fixtures and safes 13m 38 31 Repairs and expenses other than taxes on real estate 14423 98 o QAQ if 32 Taxes on real estate ou 33 State taxes on premiums 22617 69 34 Insurance department licenses and fees V76 3 35 All other licenses fees and taxes Federal corporation tax 37257 37 State taxes N C 26000 S C 15100 La 18150 Ark 10000 Miss 10400 W Va 1000 806 50 38 City and County New Orleans 12000 Hawkinsville Ga 2000 Topeka 5000 Various 12744 317 44 39 Other disbursements Traveling not included in item 23 523153 Agents due bills paid 53946 genl office exp 515499 legislative 17821 life ins pres Assn 25602 43423 election expenses 147448 bills re ceivable charged off 7218 12906 87 48 Gross decrease by adjustment in book value of ledge assets viz Stocks 3100 00 49 Total disbursements 1536769 26 IVLedger Assets 1 Book value of real estate 728644 85 2 Mortgage loans on real estate 1496800 00I COMPTBOLLEEGrENEBAL S REPORT 749 3 Loans secured by pledge of bonds stocks or other collateral 40000 00 4 Loans made to policyholders on this com panys policies assigned as collateral 1459406 84 5 Premium notes on policies in force 43993 12 6 Book value of bonds 258735805 and stocks 3100000 total 2618358 65 7 Cash in companys office 3484 40 8 Deposits in trust companies and banks not on interest 54859 33 9 Deposits in trust companies and banks on interest 237864 07 10 Bills receivable 61728 agents balances debit 2803185 net 2803185 28649 13 12 Total ledger assets 6712060 39 NonLedger Assets 13 Interest accrued on mortgages 24615 59 14 Interest accrued on bonds 32444 86 15 Interest accrued on collateral loans 433 33 16 Interest accrued on premium notes policy loans or liens 27593 43 18 Bank deposits accrued 1631 30 20 Bents accrued on companys property or lease 1526 19 21 Total interest and rents due and accrued 25 Gross premiums due and unreported on policies in force Dec 31 1913 loss re insurance premiums 26 Gross deferred premiums on policies in force December 31 1913 less reinsur ance premiums 27 Totals 28 Deduct loading 109703 50 132760 40 242463 90 48492 78 1244 70 29 Net amount of uncollected and deferred premiums 193971 12 35 Gross assets 6994276 21 Deduct Assets Not Admitted 38 Agents balances gross 10 Bills receivable 28031 85 617 28750 ComptrollerGenerals Report 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 12150 61 44 Real estate 4286 90 45 Bonds 226658 65 Total 271745 29 46 Admitted assets 6722530 92 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the N Y Ins Dept on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent on issues of Jan 1 1887 to Dee 31 1900 except en dowments 3 per cent 694538 00 2 American Experience table at 3 per cent on issues of 1901 except endowments 3 per cent 812492 00 3 American Experience table at 3 per cent on issues of Jan 1 1902 to Dec 31 1913 4640523 00 Same for reversionary additions 16221 00 5 Net present value of annuities including those in reduction of premiums Me Clintocks 3 per cent 10138 00 Total 6173912 00 6 Deduct net value of risks of this company reinsured in other solvent companies 221 00 8 Net reserve 6171591 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 19123 10 10 Liability on policies cancelled and not included in net reserve upon which n surrender value may be de manded 20071 22 12 Claims for death losses in process of ad justment 5000 00 13 Claims for death losses reported for which no proofs have been received 33417 64 16 Claims for death losses and other policy claims resisted by the company 16000 00 19 Total policy claims 54417 64CompteolleeGeneeals Eepobt 751 21 Dividends left with the company to accumulate at in terest and accrued interest thereon 13220 76 22 Premiums paid in advance including surrender values so applied 9601 67 23 Unearned interest and rent paid in advance 17556 50 25 Commissions to agents due or accrued 23421 82 27 Salaries rents office expenses bills and accounts due or accrued 8860 00 28 Medical examiners fees 2554 98 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 25 000 00 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 4600 05 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 5168 62 35 Dividends declared on or apportioned to deferred divi dend policies payable to policyholders during 1914 16225 70 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 35 19164106 37 Reserve special or surplus funds not included above 38 Credits ac early policies 42064 06 41 All other liabilities Agents due bills outstanding 4538 28 47 Unassigned funds surplus 92871 Id 48 Total 0722530 92 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 2102100 92 18 Policies on the lives of citizens of said state issued dur ing the year 353385 25 19 Total 2155486 17 20 Deduct ceased to be in force during the year 250279 25 21 Policies in force Dec 31 2205206 92 22 Dosses and claims unpaid Dec 31 of previous year 7250 08 33 Losses and claims incurred during year 30266 25 24 Total 37522 33 25 Losses and claims settled during the year in cash 35921 81752 ComptrollerGeneral s Report 26 Losses and claims unpaid Dec 31 27 Premiums collected or secured in cash and notes or Credits without any deduction for losses dividends Commissions or other expenses 1600 52 70789 39 THE SOUTHERN INSURANCE COMPANY Home Office 418192021222324 Stahlman Bldg Nashville Tenn P M Searight President M E Ridley Secretary ICapital Stock 1 Amount of capital paid up in cash 201270 00 2 Amount of ledger assets as per balance December 31 of previous year 227650 37 4 Extended at 227650 37 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 12050 for first years reinsurance i 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses 20 Total premium income 21 Gross interest on mortgage loans loss 53676 accrued interest on mortgages ac quired during 1913 1939 S2 26 Gross interest on bonds and dividends on stocks less 16637 accrued interest on bonds acquired during 1913 5051 63 27 Gross interest on premium notes policy loans or liens 86 69 28 Gross interest on deposits in trust companies and banks 583 97 30 Interest on agents accounts 25 37 34 Total gross interest and rents 36 Industrial premiums life 73369 91 37 Industrial premiums health and accident 5814 40 38 Health and accident premiums 33484 54 Total 20695 66 18720 22 39414 88 7687 48 112668 85ComptrollerGenerals Report 753 39 Agents cash bond deposits 40 Miscellaneous 42 Gross profit on sale or maturity of ledger assets viz Eeal estate 4 44 Total income IIIDisbursements 1 For death claims ordinary department 360000 indus trial life 1971700 total 2 Additions health and accident claims 6 Premium notes and liens voided by lapse 16 Expense of investigation and settlement of policy claims health and accident department 20 Commissions to agents less commission on reinsurance First years premiums 1216706 renewal premiums 124172 total 21 Commissions health and accident department 22 Compensation of managers and agents not paid by commis sion for services in obtaining new insurance and in spection of claims 23 Salaries and commissions industrial 25 Medical examiners fees 26 Salaries and all other compensation of officers directors trustees and home office employees 27 Rent 28 Advertising 32587 printing and stationery 268954 postage telegraph telephone and express 140976 total 29 Legal expense not included in item 16 33 State taxes on premiums 34 Insurance department licenses and fees 37 City taxes 38 State and county taxes 41 Miscellaneous 42 Bonus 43 Cumberland Valley Insurance Co 44 Premiums on bond 46 Agents balances charged off 47 Gross loss on sale or maturity of ledger assets viz Bonds 49 Total disbursements TVLedger Assets 1 Book value of real estate 5000 00 2 Mortgage loans on real estate 65125 00 702 00 83 60 1854 50 164412 31 23217 00 18022 23 124 16 47 58 13408 78 17642 69 4566 41 47120 18 6451 71 11673 94 3337 91 4425 17 1197 66 69 54 443 27 951 00 821 08 1130 60 2076 15 3331 50 63 00 31 13 367 50 160620 19754 CompteollebGeneeals Kepobt 4 Loans made to policyholders on this com panys policies assigned as collateral 129 00 5 Premium notes on policies in force of which 277276 is for first years premiums 3914 00 6 Book value of bonds 91872 75 8 Deposit in trust companies and banks not on interest 28726 38 9 Deposits in trust companies and banks on interest 27391 16 10 Agents balances debit 160331 credit 1863 net 1584 68 11 Furniture and fixtures 5699 52 12 Total ledger assets 229442 49 NonLedger Assets 13 Interest due 45450 and accrued 71333 on mortgages 1167 83 14 Interest accrued on bonds 3037 50 18 Interest accrued on certificates of deposit 8 60 21 Total interest and rents due and accrued 22 Market value of real estate over bank value 23 Market value not including interest in item 14 of bonds and stocks over book value New Business Renewals 25 Gross premiums due and un reported on policies in force December 31 1913 less reinsurance pre miums 227 93 705 20 26 Gross deferred premiums on policies in force Decem ber 31 1913 less reinsur ance premiums 1876 00 2688 69 27 Totals 2103 93 3393 89 28 Deduct loading 60 per cent of first year 7 per cent of renewals 1262 36 254 54 29 Net amount of uncollected and deferred premiums 32 Supplies and stationery 841 57 3139 35 4213 93 2500 00 8522 25 3980 92 1500 00 35 Gross assets 250159 59ComptrollerGenerals Report Deduct Assets Not Admitted 27 Supplies stationery printed matter 1 50000 furniture fixtures and safes 5 69952 total 7199 52 38 Agents debit balances gross J603 31 41 Premium notes and loans on policies and net premium in Item 29 in excess of the net value of their policies 3025 00 44 Deposit in Commercial Bank Trust Co 50 per cent of original deposit considered good 2350 38 45 Total 40 Admitted assets VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 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 industrial policies valued according to South Carolina method of valuing industrial policies 2 American experience table at 4 per cent on ordinary policies 8 Net reserve 24 Commissions due to agents on premium notes when paid 27 Salaries rents office expenses bills and accounts due or ac crued 28 Medical examiners fees 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 39 Health and accident reserve for outstanding claims and re serve 46 Capital stock 47 Unassigned funds surplus 48 Total Business in the State of Georgia During the Year No 21 Policies in force December 31 65 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 755 14178 21 235981 38 5793 00 25515 00 31308 00 117 42 470 57 579 50 824 20 716 00 201270 00 695 69 235981 38 Amount 81500 00 3614 51756 ComptrollerGenerals Report SOUTHERN LIFE AND TRUST COMPANY A W McAlister President Arthur Watt Secretary T D Dupy Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 300000 00 2 Amount of ledger assets as per balance Dec 31 of previous year 1205078 31 4 Extended at 1205078 31 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 174978 for first years reinsurance 86491 85 8 Dividends applied to purchase paid up ad ditions and annuities 609 80 9 Surrender values applied to purchase paid up insurance and annuities 3888 86 12 Total new premiums 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 6 61271 for reinsurance on renewals 14 Dividends applied to pay renewal prem iums 18 Total renewal premiums 280054 63 20112 85 90990 51 306167 48 19 Total premium income 397157 99 21 Dividends left with the company to accu mulate at interest 542 44 23 Gross interest on mortgage loans 33141 16 24 Gross interest on collateral loans 2589 36 25 Gross interest on bonds and dividends on stocks 2391 00 26 Gross interest on premium notes policy loans or liens 7089 55 27 Gross interest on deposits in trust com panies and banks 532 16ComptrolleeGenebals Eepoet 757 28 Gross interest on other debts due the com pany 103 79 33 Total gross interest and rents 35 Received from capital and trust depts for investment 40 From agents balances previously charged off 42 Gross increase by adjustment in book value if ledger assets viz Stocks 200 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 purchase paid up insurance and annuities 10 Dividends applied to pay renewal premiums 12 Dividends applied to purchase paid up additions and annuities 13 Dividends left with the company to accumulate at in terest 14 18 lit 22 24 25 26 27 29 32 33 34 35 38 Total paid policyholders Paid stockholders for interest or dividends Commissions to agents less commission on reinsurance First years premiums 6065629 renewal premiums 924962 total Agency supervision and traveling expenses of supervisors except compensation for home office supervision Medical examiners fees 829500 inspection of risks 178931 Salaries and all other compensation of officers directors trustees and home office employees Rents Advertising 628831 printing and stationery 324330 postage telegraph telephone and express 207586 exchange 73189 Furniture fixtures and safes State taxes on premiums Insurance department licenses and fees All other licenses fees and taxes Federal corporation tax Other disbursements Miscellaneous petty items 45847 02 32134 73 198 58 3840 00 43 Total income 479720 76 IIIDisbursements 1 For death claims 40970 89 For total and permanent disability claims 41170 89 11377 51 3888 86 20112 85 609 80 542 44 77702 35 5173 50 09905 91 12359 75 10084 31 23445 34 2007 50 12339 36 659 47 1616 97 724 12 352 75 175 65 2278 86 48 Total disbursements 218825 84758 ComptbollebGenebals Repobt IVLedger Assets 1 Book value of real estate 111198 95 2 Mortgage loans on real estate 603043 32 3 Loans secured by pledge of bonds stocks or other collateral 71826 50 4 Loans made to policyholders on this com pany 7s policies assigned as collateral 136352 13 6 Book value of bonds 398292 30 7 Cash in companys office 5521 91 8 Deposits in trust companies and banks not on interest 63473 40 9 Deposits in trust companies and banks on interest 60000 00 10 Agents balances debit 147782 credit 15306 net 1324 76 11 Deposits withcorporations 14939 96 12 Total ledger assets 1465973 23 NonLedger Assets 13 Interest due 70650 and accrued 9 63038 on mortgages 14 Interest accrued on bonds 15 Interest accrued on collateral loans 16 Interest due 57609 and accrued 318878 on premium notes policy loans or liens 17 Interest accrued on other assets 10336 88 411 67 489 63 3764 87 2S4 67 21 Total interest and rents due and accrued 25 Gross premiums due and unreported on policies in force Dec 31 1913 less reinsurance premiums 31091 15 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsurance premiums 7 366 09 152S7 72 27 Totals 28 Deduct loading at 20 per cent 38457 24 7691 45 29 Net amount of uncollected and deferred premiums 30765 79 35 Gross assets 1512026 74 Deduct Assets Not Admitted 38 Agents debit balances gross 1477 82 46 Admitted assets 1510548 92ComptrollerGenerals Report 759 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1913 as computed by the fol lowing tables of mortality and rates of interest viz 2 American Experience table at 3 per cent on all paid for business in force Dec 31 1913 793171 38 Same for reversionary additions 1450 55 Total 794621 93 Deduct net value of risks of this company reinsured in other solvent companies 6863 77 Reserve to provide for health and accident benefits in life policies 1690 00 8 Net reserve 15 Claims for death losses and other policy claims resisted by the company Claims for total and permanent disability benefits 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 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 32 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 39 All other liabilities Net liability capital and trust de partments 44 Capital stock 45 Unassigned1 funds surplus 789448 16 1000 00 687 40 542 44 1015 89 340 28 3766 72 3744 87 1262 00 1250 01 2308 69 78915 85 300000 00 326266 61 46 Total 15105i8 92760 ComptrollerGenerals Report THE SOUTHERN STATES LITE INSURANCE COMPANY Wilmer L Moore President Frank Orme Secretary William A Wright Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 100000 00 2 Amount of ledger assets as pet balance December 31 of previous year 106719 01 4 Extended at 1067191 01 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 324788 for first years reinsurance 152217 91 8 Dividends applied to purchase paidup addi tions and annuities 210 22 9 Surrender values applied to purchase paid up insurance and annuities 404 00 10 Premiums on changed policies 1754 77 12 Total new premiums 154 5gg 90 13 Renewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 1184701 for reinsurance on renewals 430434 04 14 Dividends applied to pay renewal premiums 33120 02 18 Total renewal premiums 20 Total premium incomei 22 Dividends left with the company to accumulate at interest 24 Gross interest on mortgage loans 2344 30 26 Gross interest on bonds and dividends on stocks 8227 50 27 Gross interest on premium notes policy loans or liens 20749 07 30 Miscellaneous interest 11 808 72 463554 06 US 140 96 4879 80 34 Total gross interest and rents 37 Premiums in suspense apps not yet approved 38 Commissions left on deposit until rates are paid 64129 59 375 93 3103 73 44 TotaJ income 690530 01ComptrollerGenerals Beport IIIDisbursements 1 For death claims 89336 22 3 For total and permanent disability claims 250 00 761 4 Net amounts paid for losses and matured endowments 5 Disability premium loss 6 Premium notes and liens voided by lapse 6 Returned premiums on cancelled policies 7 Surrender values paid in cash or applied in liquidation of loans or notes 10 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes 11 Dividends applied to pay renewal premiums 13 Dividends applied to purchase paidup additions and annui ties 14 Dividends left with the company to accumulate at interest 15 Total paid policyholders 16 Expense of investigation and settlement of policy claims 17 Paid for claims on supplementary contracts not involving life contingencies 18 Dividends and interest thereon held on deposit surrendered during the year 20 Commissions to agents less commission on reinsurance First years premiums 10372209 renewal premiums 1200467 total 21 Payment of expense certificate 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 24 Branch office expenses including salaries of managers and clerks not included in item 22 25 Medical examiners fees 1721295 inspection of risks 594505 total 26 Salaries and all other compensation of officers directors trustees and home office employees 27 Rent 28 Advertising 529608 printing and stationery 770143 postage 422649 telegraph telephone 98084 express 16879 insurancejournals 10300 exchange 58312 total 29 Legal expense not included in item 16 32 Discount on certificate of deposits 33 State taxes on premiums 34 Insurance department licenses and fees 36 Federal corporation tax 89586 22 24 21 5954 23 1021 71 43384 06 563 19 33120 02 210 22 4879 80 179147 66 294 77 650 00 4853 72 115727 36 10000 00 1632 03 9228 89 6392 81 23158 00 44021 91 3825 00 19119 80 2287 63 246 91 4827 96 1129 50 372 97 762 ComptrollerGenerals Report 37 General licenses and taxes 1249 68 38 Municipal licenses and taxes 3707 99 40 State examination expense 902 58 41 Actuarial expense 639 50 42 Officers traveling expense 382 1 43 Directors and committees expense 1663 25 44 Incidental home office expense 3744 85 45 Eenewal premiums in suspense 1912 transferred to prem income 699 07 46 Agents balances charged off 2887 90 48 Gross decrease by adjustment in book value of ledger as sets viz Depreciation furniture and fixtures 200000 bonds 116420 total 3164 20 49 Total disbursements 445958 11 IVLedger Assets 2 Mortgage loans on real estate first liens 3S6675 00 3 Loans secured by pledge of bonds stocks or other collateral 172570 10 4 Loans made to polieyholders on this com panys policies assigned as collateral 326714 00 4 Automatic premium loans on policies 132B6 06 5 Premium notes on policies in force of which 692607 is for first years premiums 59785 52 6 Book value of bonds 145353 11 7 Cash in companys office 4690 61 8 Deposits in trust companies and banks not on interest 160256 11 9 Deposits in trust companies and banks on interest 28710 35 10 Bills receivable 378798 furniture and fix tures 7767 14 11 Sundry personal items 286 87 12 Total ledger assets 1311862 91 NonLedger Assets 13 Interest due 75773 and accrued 385711 on mortgages 4614 84 14 Interest accrued on bonds 679 16 16 Interest on premium notes policy loans or liens 1057 20 18 Interest accrued on bank balances 575 43 19 Miscellaneous interest 15 69 21 Total interest and rents due and accrued 6942 32ComptrollerGenerals Report 763 New Business Renewals 25 Gross premiums due and un reported on policies in force December 31 1913 less reinsurance pre miums 45559 17 26 Gross deferred premiums on policies in force Decem ber 31 1913 less reinsur ance premiums 1195 91 819190 27 Totals 1195 91 5375107 28 Deduct loading 779 60 12874 78 29 Net amount of uncollected and deferred premiums 416 31 40876 29 41292 90 35 Gross assets 1360098 13 Deduct Assets Not Admitted 37 Furniture fixtures and safes 9767 14 40 Loans on personal security endorsed or not 28687 bills receivable 378798 total 4074 85 41 Premium notes and loans on policies and net premiums in Item 29 in excess of the net value of their policies 4183 76 45 Total 18025 75 46 Admitted assets 1342072 38 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed on the fol lowing tables of mortality and rates of interest viz 2 American experience table at 3 per cent on 11666 45300 1000100 00 3 American experience table at 4 per cent on 608680000 138293 00 Total 1138393 00 6 Deduct net value of risks of this company reinsured in other solvent companies 12814 00 Balance 1125579 00 7 Extra reserve for total and permanent disability benefits 1509 00 8 Net reserve 1127088 00764 ComptrollerGenerals Eepokt 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed 5779 00 13 Claims for death losses reported for which no proofs have been received 3000 00 21 Dividends left with the company to accumulate at interest and accrued interest thereon 8469 85 22 Premiums paid in advance including surrender values so ap plied 2362 53 23 Unearned interest and rent paid in advance 8500 00 24 Commissions due to agents on premium notes when paid 6267 11 27 Salaries rents office expenses bills and accounts due or ac crued 496 45 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre miums 307 92 34 Dividends declared on or apportioned to annual dividend pol icies payable to policyholders during 1914 whether con tingent upon the payment of renewal premiums or other wise 334 05 40 Premiums in suspense 1049 08 46 Capital stock 100000 00 47 Unassigned funds surplus 75410 39 48 Total 1342072 3S 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 4537 8600352 00 18 Policies on the lives of citizens of said State issued during the year 1327 2437296 00 19 Total 5894 U127648 00 20 Deduct ceased to be in force during the year 987 1710462 00 21 Policies in force December 31 4907 9417186 00 23 Losses and claims incurred during year 32 46722 00 25 Losses and claims settled during the year in cash 31 45722 00 Losses and claims unpaid December 31 1 1000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses less returned premiums on cancelled policies 436414 326924 61ComptrollerGenerals Keport 765 SOUTHERN STATES MUTUAL LIFE INSURANCE COMPANY Harrison B Smith President John C Riheldaffer Secretary ICapital Stock 1 Amount of capital paid up in cash 250000 00 2 Amount of ledger assets as per balance Dec 31 of previous year 673163 67 4 Extended at 673163 67 ILIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 339691 for first years reinsurance 6 Surrender values applied to pay first years premiums 35993 90 415 50 7 Total first years premiums on original policies 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 4 22057 for reinsurance on renewals 156713 91 18 Total renewal premiums 19 Extra premiums for total and permanent disability benefits 81949 and for additional accidental death benefits 122018 including in life policies 20 Total premium income 24 Gross interest on mortgage loans 25310 48 25 Gross interest on collateral loans 4306 03 26 Gross interest on bonds and dividends on stocks 4570 00 27 Gross interest on premium notes policy loans or liens 5415 49 28 Gross interest on deposits in trust com panies and banks 228 93 33 Gross rent from companys property 900 00 36409 40 156713 91 2039 67 195162 98 34 Total gross interest and rents 40730 93766 CompteolleeGeneeals Eepoet 35 From other sources Premiums Paid in advance 36234 cash in suspense 23076 cash with application 2430 exam of titles and fees B E loans 1 50650 total 2123 90 41 From agents balances previously charged off 5000 44 Total income 238067 81 IIIDisbursements 1 For death claims 4300000 additions 90000 total 43900 00 4 Net amounts paid for losses and matured endowments 43900 00 7 Surrender values paid in cash or applied in liquidation of loans or notes 15536 88 9 Surrender values applied to purchase paid up insurance and annuities 415 50 10 Dividends paid to policyholders in cash or applied in liquidation of loans or notes 714 95 15 Total paid policyholders 60567 33 16 Expense of investigation and settlement of policy claims including 35000 for legal expense 350 00 19 Paid stockholders for interest or dividends 4999 20 20 Commissions to agents less commission on reinsurance First years premiums 1927596 renewal premiums 347942 22755 38 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 3729 03 23 Agency supervision and traveling expenses of super visors except compensation for home office super vision 2199 65 24 Branch office expenses including salaries of managers and clerks not included in item 22 6775 47 25 Medical examiners fees 418250 inspection of risks 79453 4977 03 26 Salaries and all other compensation of officers directors trustees and home office employees 17290 56 27 Bent less 37000 received under sublease 1382 00 28 Advertising 172156 printing and stationery 102639 postage telegraph telephone and express 117323 exchange 6391 3985 09 30 Furniture fixtures and safes 1008 65 31 Bepairs and expenses other than taxes on real estate 113 48 32 Taxes on real estate 143 76 33 State taxes on premiums 642 64 34 Insurance department licenses and fees 779 35ComptrollerGenerals Beport 767 35 All other licenses fees and taxes Corp tax 36 Federal corporation tax 37 Personal property tax 39 Other disbursements General expense 41 Net charges to loss and gain 43 Exam of titles and fees R E loans 46 Agents balances charged off 49 Total disbursements IVLedger Assets 1 Book value of real estate 15000 00 2 Mortgage loans on real estate 431606 92 3 Loans secured by pledge of bonds stocks or other collateral 74405 40 4 Loans made to policyholders on this com panys policies assigned as collateral 87414 75 5 Premium notes on policies in force of which 156147 is for first years premiums 16942 62 6 Book value of bonds 10435000 and stocks 1130000 115650 00 7 Cash in companys office 1233 73 8 Deposits in trust companies and banks not on interest 7965 89 9 Deposits in trust companies and banks on interest 6817 15 10 Bills receivable 784144 agents balances debit 567160 credit 17267 net 549893 total 13340 37 12 Total ledger assets NonLedger Assets 13 Interest due 299323 and accrued 2 93729 on mortgages 5930 52 14 Interest accrued on bonds 856 67 15 Interest due 47433 and accrued 41914 on collateral loans 893 47 16 Interest due 111460 and accrued 7241 on premium notes policy loans or liens 1187 01 17 Interest due 31572 and accrued 13960 on other assets Bills recbl 455 32 18 Dividend due on bank stock 290 00 20 Rents due 35 00 21 Total interest and rents due and accrued 90 00 191 77 1635 Ml 2183 97 94 24 839 35 4129 84 140854 65 770376 83 9647 99768 ComptrollerGenerals Report New Business 25 Gross premiums due and unreported on policies in force Dec 31 1913 less reinsurance prem iums 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsur ance premiums 321 32 2030 73 Renewals 11682 40 978 29 27 Totals 28 Deduct loading 2352 05 1118 03 19660 69 3262 21 29 Net amount of uncollected and deferred premiums 1234 02 16398 48 17632 50 31 Furn and fixtures 260000 printing and stationery 100000 3600 00 35 Gross assets 801257 32 Deduct Assets Not Admitted 37 Supplies stationery printed matter 1 00000 furniture fixtures and safes 2600 3600 00 38 Agents debit balances gross 5671 60 40 Bills receivable 7841 44 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 3689 76 43 Book value of Ledger assets over market value viz Coll loan No 29 V A Bate 5500 00 45 Total 26302 80 46 Admitted assets 774954 52 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1913 as computed by the com pany on the following tables of mortality and rates interest viz 2 American Experience table at 3 per cent on modified preliminary term basis 450688 22ComptrollerGenerals Report 769 3 American Experience table at 3 per cent on full level premium basis 10244 85 Same for reversionary additions 18333 45 Total 479266 52 6 Deduct net value of risks of this company reinsured in other solvent companies 5381 99 Total 473884 53 7 Extra reserve for total and permanent disability benefits 242953 and for ad ditional accidental death benefits 60592 included in life policies 3035 45 8 Net reserve 476919 98 10 Liability on policies cancelled and not included in net reserve upon which a surrender value may be demanded 572 31 22 Premiums paid in advance including surrender values so applied 362 34 23 Unearned interest and rent paid in advance 6592 37 27 Salaries rents office expenses bills arid accounts due or accrued 122 31 29 Estimated amount hereafter payable for federal state and other taxes based ipon the business of the year of this statement 2000 00 32 Unpaid dividends to stockholders 1 60 41 All other liabilities Cash in suspense 23076 43 Cash with application 24 30 46 Capital stock 250000 00 47 Unassigned funds surplus 38128 55 48 Total 774954 52 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 256 477033 00 18 Policies on the lives of citizens of said state issued during the year 67 93536 00 19 Total 323 570569 00 20 Deduct ceased to be in force during the year 78 147286 00 21 Policies in force Dec 31 245 423283 00 23 Total losses and claims incurred during year 2 2000 00 25 Losses and claims settled during the year in cash 2 2000 00770 ComptrollerGenerals Report 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 12522 97 STANDARD LIFE INSURANCE COMPANY Heman E Perry President Harry H Pall Secretary Hon William A Wright Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 100000 00 2 Amount of ledger assets as per balance March 17 1913 021451 4 Extended at 121451 82 ITIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 2020691 for first years reinsurance 1 26 Gross interest on bonds and dividends on stocks 28 Gross interest on deposits in trust companies and banks 40 Surplus on stock resold 44 Total income IIIDisbursements For death claims 2D Commissions to agents less commission on reinsurance 23 Agency supervision anil traveling expenses of supervisors except compensation for home office Supervision 24 Branch office expenses including salaries of managers and clerks not included in item 22 25 Medical examiners fees 139450 inspection of risks 56 total 26 Salaries and all other compensation of officers directors trustees and home office employees 27 Kent 28 Advertising 27798 printing ami stationery 245069 postage telegraph telephone and express 33170 ex change 1370 total 29 Legal expense not included in item 16 10293 G8 3095 80 35 60 709 13 14134 21 261 00 6926 86 487 62 254 32 1450 50 5175 87 516 50 3074 07 125 00 CompteollebGenebals Eepoet 771 30 Furniture fixtures and safes 34 Insurance department licenses and fees 38 Municipal licenses and taxes 41 Actuarial and accounting fees 42 Miscellaneous expenses 49 Total disbursements 431 92 438 00 314 00 770 00 18 86 20244 52 IVLedger Assets 6 Book value of bonds and stocks 109707 00 7 Cash in companys office 21 31 8 Deposits in trust companies and banks not on interest less agents reserve 5613 20 10 Agents balances credit 288 73 12 Total ledger assets NonLedger Assets 14 Interest on bonds 25 Gross premiums due and unreported on pol icies in force December 31 1913 less reinsurance premiums 1698 88 26 Gross deferred premiums on policies in force December 31 1913 less reinsurance pre miums 6951 04 27 Totals 8649 92 28 Deduct loading 3875 85 29 Net amount of uncollected and deferred premiums 37 Supplies stationery printed matter furni ture fixtures and safesif 43 Book value of ledger assets over market value 831 92 4022 02 115341 51 1208 34 4774 07 35 Gross assets 122155 84 Deduct Assets Not Admitted 46 Admitted assets 116701 90 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 3913 as computed on the fol lowing tables of mortality and rates of interest viz 2 American experience table at 3 per cent on 12279 58772 ComptrollerGenerals Report 6 Deduct net value of risks of this company reinsured in other solvent companies 4640 58 8 Net reserve 7639 00 16 Claims for death losses and other policy claims resisted by the company 1000 00 22 Premiums paid in advance including surrender values so applied ind 216 90 27 Salaries rents office expenses bills and accounts due or ac crued 1891 26 28 Medical examiners fees and legal fees due or accrued 1681 75 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 75 26 46 Capital stock 100000 00 47 Unassigned funds surplus 4197 73 48 Total 116701 90 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 3400 856076 00 20 Deduct ceased to be in force during the year 498 141323 00 21 Policies in force December 31 2902 714753 00 25 Losses and claims settled during the year in cash 3 243 50 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses i217 34 STATE LIFE INSURANCE COMPANY Homo Office State Life Building Indianapolis Indiana H W Bennett President Albert Sahm Secretary ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 11686076 06 4 Extended at 11686076 06CompteolleeGenebals Report 773 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 46440 for first years reinsurance 234775 26 6 Surrender values applied to pay first years premiums 40 87 7 Total first years premiums onoriginal poli cies 234816 13 8 Dividends applied to purchase paidup ad ditions and annuities 1834 78 9 Surrender values applied to purchase paid up insurance and annuities 14172 52 Total new premiums 250823 43 Eenewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 458600 for reinsurance on renewals 1979678 88 Dividends t pay renewal premiums 178792 56 Total renewal premiums 2158471 44 Extra premiums for total and permanent disability benefits 338495 and for additional accidental death benefits 3240790 included in life policies 35792 85 Total premium income 2445087 72 Consideration for supplementary contracts not involving life contingencies 7161 90 Dividends left with the company to accumulate at interest 6138 31 Gross interest on mortgage loans less 16 39074 accrued interest on mortgages ac quired during 1913 425374 99 26 Gross interest on bonds and dividends on stocks less 68333 accrued interest on bonds acquired during 1913 7366 67 27 Gross interest on premium notes policy loans or liens 176692 30 28 Gross interest on deposits in trust companies and banks 4869 95 29 Gross interest on other debts due the com pany 950 33 33 Gross rent from companys property includ ing 1320534 for companys occupancy of its own buildings 103172 81 34 Total gross interest and rents 718427 05 12 13 14 18 19 20 21 22 24774 ComptrollerGeneral s Report 36 Partial payments on voided notes 41 From agents balances previously charged off 691 90 127 84 44 Total income 3177634 72 IIIDisbursements 1 For death claims less 5000 reinsurance 659743 46 2 For matured endowments 21500 00 3 For total and permanent disability claims 13525 and for additional accidental death benefits 2200000 total 22135 25 4 Net amount paid for losses and matured endowments 703378 71 5 For annuities involving life contingencies 200 00 6 Premium notes and liens voided by lapse 26600 38 7 Surrender values paid in cash or applied in liquidation of loans or notes 167260 26 8 Surrender values applied to pay new premiums 40 87 9 Surrender values applied to purchase paidup insurance and annuities 14172 52 10 Dividends paid to policyholdcrs in cash or applied in liqui dation of loans or notes 18467 21 11 Dividends applied to pay renewal premiums 178792 56 13 Dividends applied to purchase paidup additions and annui ties 1834 78 14 Dividends left with the company to accumulate at interest 6138 31 15 Total paid policyholdcrs 1116885 60 16 Expense of investigation and settlement of policy claims 123 59 17 Paid for claims on supplementary contracts not involving life contingencies 1967 75 18 Dividends and interest thereon held on deposit surrendered during the year 1254 88 20 Commissions to agents less commission on reinsurance First years premiums 17766913 renewal premiums 19510859 total 372777 72 21 Commuted renewal commissions 6000 00 22 Compensation of managers and agents not paid by commis sion for services in obtaining new insurance 7800 00 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 9621 33 24 Branch office expenses including salaries of managers and clerks not included in item 22 14104 31 25 Medical examiners fees 2017000 inspection of risks 389547 total 24065 47 26 Salaries and all other compensation of officers directors trustees and home office employees 128772 24ComptrollebGeneral s Eepobt 775 27 Kent including 1320534 for companys occupancy of its own buildings less 117200 received under sublease 20307 09 28 Advertising 768392 printing and stationery 1359244 postage telegraph telephone and express 1022851 exchange 9850 total 31503 37 29 Legal expense not included in item 16 288 08 30 Furniture fixtures and safes 5469 80 31 Repairs and expenses other than taxes on real estate 38526 17 32 Taxes on real estate 15512 16 33 State taxes on premiums 34381 24 34 Insurance department licenses and fees S081 38 36 Federal corporation tax 5017 80 37 Taxes on investments 1394 85 40 Miscellaneous expenses 1256 80 41 Discount on premiums paid in advance 47 80 42 Investment expense 14470 28 46 Agents balances charged off 2253 18 49 Total disbursements 1861982 89 IVLedger Assets 1 Book value of real estate 1008038 09 2 Mortgage loans on real estate first liens 7993984 02 4 Loans made to policyholders on this com panys policies assigned as collateral 3421981 44 5 Premium notes on policies in force 68638 62 6 Book value of bonds 239723 10 7 Cash in companys office 5030 55 9 Deposits in trust companies and banks on interest 218243 64 10 Agents balances debit 5203443 credit 594600 net 46088 43 12 Total ledger assets 13001727 89 NonLedger Assets 13 Interest due 1231350 and accrued 114 75445 on mortgages total 127067 95 14 Interest accrued on bonds 3083 33 16 Interest accrued on premium notes policy loans or liens 686 38 20 Eents due on companys property or lease 1039 88 21 Total interest and rents due and accrued 22 Market value of real estate over book value 131877 54 207153 08776 ComptrollerGenerals Report New Business Renewals 25 Gross premiums due and un reported on policies in force December 31 1913 less reinsurance pre miums 24166 51 83525 39 26 Gross deferred premiums on policies in force Decem ber 31 1913 less reinsur ance premiums 4818 13 73427 77 27 Total 28984 64 156953 16 28 Deduct loading 20009 44 32849 86 29 Net amount of uncollected and deferred premiums 8975 20 124103 30 133078 50 31 Unearned premiums for fire insurance on home office build ing 2700 00 35 Gross assets 13476537 01 Deduct Assets Not Admitted 38 Agents debit balances gross 52034 43 41 Premium notes and loans on policies and net premiums in Item 29 in excess of the net value of their policies 10784 19 43 Book value of ledger assets over market value viz Bonds 17019 40 45 Total 79838 02 46 Admitted assets 13396698 99 VLiabilities Surplus and other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 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 January 1 1901 2369513 48 2 American experience table at 3 per cent on all non par ticipating policies excepting 20year term policies issued prior to August 16 1909 82803 22ComptbollebGenebals Eepoet 777 3 American experience table at 3 per cent on all policies issued since January 1 1901 excepting as per item 2 8 480 367 12 Same for reversionary additions 4365 54 Total 5 Net present value of annuities including those in reduc tion of premiums McClintocks 3 per cent Total 6 Deduct net value of risks of this company reinsured in other solvent companies Balance 7 Extra reserve for total and permanent1 disability benefits 331408 and for additional accidental death benefits 1795858 included in life policies 9 12 13 14 15 16 17 Net reserve lj Present value of amounts not yet due on supplementary con tracts not involving life contingencies Claims for death losses in process of ad justment or adjusted and not due 12000 00 Claims for death losses reported for which no proofs have been received 8266 19 Eeserve for net death losses incurred but unreported 000 00 Claims for matured endowments due and unpaid 1000 00 Claims for death losses and other policy claims resisted by the company 16200 00 Claims for total and permanent disability benefits and for additional accidental death benefits 12766 19 8484732 66 1835 00 10938884 36 3109 03 10935775 33 21272 66 10957047 99 45509 41 19 Total policy claims 21 Dividends left with the company to accumulate at interest and accrued interest thereon 22 Premiums paid in advance including surrender values so applied 23 Unearned interest and rent paid in advance 25 Commissions to agents due or accrued 27 Salaries rents office expenses bills and accounts due or accrued 28 Medical examiners and legal fees due or accrued 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 54232 38 11450 84 15857 70 81516 34 6273 48 4619 08 1924 00 54773 00778 ComptrollerGeneral s Report 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre miums 6833 21 34 Dividends declared on or apportioned to annual dividend pol icies payable to policyholders during 1914 whether con tingent upon the payment of renewal premiums or other wise 34776 02 35 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1914 17096 129 36 This company for the purpose of arriving at an equitable basis for apportioning dividends on its annual dividend policies makes a calculation of results of the same amounts on deferred dividend policies with interest added These amounts are not carried as a liability as the deferred dividend policy contracts explicitly pro vide that no dividends will be allowed or paid thereon until the end of deferred dividend period They fur ther provide in the application therefor that the princi ples and methods that may then be in use are accepted and ratified by any one claiming under the contract 38 Special Surplus on Combination policies 58156 83 39 Surplus on tenyear term policies to be applied in reduction of premiums 10943 51 40 Eeserve for mortality and asset fluctuation and other con tingent liabilities 73630 34 47 Unassigned funds surplus 1962068 57 48 Total 13396698 99 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 2012 6518143 00 18 Policies on the lives of citizens of said State is sued during the year 374 1019320 00 19 Total 23S6 7537463 00 20 Deduct ceased to be in force during the year 263 668030 00 21 Policies in force December 31 2123 6869433 00 22 Losses and claims unpaid December 31 of previous year 7 17000 00 23 Losses and claims incurred during year 9 31879 00 24 Total 16 48879 00 25 Losses and claims settled during the year in cash 4012931 by compromise 274969 total 14 42S79 00ComptrollerGeneral s Report 2G 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 7 79 6000 00 5 555 12 STATE MUTUAL LIFE ASSURANCE COMPANY Home Office 340 Main Street Worcester Massachusetts B H Wright President D W Carter Secretary ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 40132812 09 4 Extended at 40132812 69 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses 621418 35 8 Dividends applied to purchase paidup addi tions and annuities 113 447 78 10 Consideration for original annuities involv ing life contingencies 64689 72 11 Consideration for supplementary contracts involving life contingencies 3558 00 12 Total new premiums 803 113 85 13 Renewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 3596883 for reinsurance on renewals 4547756 08 14 Dividends applied to pay renewal premiums 629401 83 18 Total renewal premiums 5 177157 91 20 Total premium income 5 980 271 76 21 Consideration for supplementary contracts not involving life contingencies 43 938 54 22 Dividends left with the company to accumulate at interest 109326 96 24 Gross interest on mortgage loans less 7 58991 accrued interest on mortgages ac quired during 1913 566631 67 25 Gross interest on collateral loans 125 00780 ComptrollerGenerals Report 26 Gross interest on bonds and dividends on stocks less 350345 accrued interest on bonds acquired during 1913 913823 26 27 Gross interest on premium notes policy loans or liens 283535 64 28 Gross interest on deposits in trust companies and banks 17511 09 30 Loans on personal security etc 62044 overdue premiums 67244 total 1292 88 31 Corporation note 2750 agency bank bal ance 93075 total 3680 75 32 Gross discount on claims paid in advance 284 03 33 Gross rent from companys property in cluding 3047744 for companys occu pancy of its own buildings 132806 86 34 Total gross interest and rents 1913 i ol 18 36 Overdue rents on real estate sold 75 00 37 Received from securities marked off 6382 60 42 Gross profit on sale or maturity of ledger assets viz Bonds 3188 stocks 1425047 total 14282 85 43 Gross increase by adjustment in book value of ledger as sets viz Bonds including 528401 for accrual of dis count 5510 94 44 Total income 8183539 33 IIIDisbursements 1 For death claims less 25000 reinsurance 159115546 additions 26406 total 1617561 46 2 For matured endowments 72227938 addi I ions 36985 total 759264 38 4 Net amounts paid for losses and matured endowments 2376825 84 5 For annuities involving life contingencies 30899 37 6 Premium notes and liens voided by lapse less 647 restorations 335 00 7 Surrender values paid in cash or applied in liquidation of loans or notes 809501 83 10 Dividends paid to policyholders in cash or i applied in liquidation of loans or notes 132368 58 11 Dividends applied to pay renewal premiums 629401 83 13 Dividends applied to purchase paidup addi tions and annuities 113447 78 14 Dividends lefl with the company to accumu late at interest 109326 96 15 Total paid policyholders 4202107 19H ComptrollerGenerals Repoet 781 16 17 18 20 2 23 24 26 29 30 31 32 33 34 36 37 38 40 41 42 43 44 45 47 Expense of investigation and settlement of policy claims including 117181 for legal expense Paid for claims on supplementary contracts not involving life contingencies Dividends and interest thereon held on deposit surrendered during the year Commissions to agents less commission on reinsurance First years premiums 26547125 renewal premiums 31125806 annuities original 164535 total Commuted renewal commissions Agency supervision and traveling expenses of supervisors except compensation for home office supervision Branch office expenses including salaries of managers and clerks not included in item 22 Medical examiners fees 4392224 inspection of risks 913081 total Salaries and all other compensation of officers directors trustees and home office employees Rent including 3047744 for companys occupancy of its own buildings less 900 received under sublease Advertising 870892 printing and stationery 2956496 postage telegraph telephone and express 1710484 total Legal expense not included in item 16 Furniture fixtures and safes Repairs and expenses other than taxes on real estate Taxes on real estate including 26261 shown on Sched ule Y State taxes on premiums Insurance department licenses and fees Federal corporation tax Taxes on reserve Municipal licenses taxes etc Lunches for office force 1072321 traveling 263868 lighting 180000 total Agency conventions etc 193551 newspapers period icals etc 175868 total Office alterations 244254 auditing 2150 miscellaneous supplies 85030 total Services night watch appliances etc 75077 bond of of ficers 21000 total Commissions 1625 legislative information bureau 28581 total Unadjusted surrender values 59850 liability premiums Gross loss on sale or maturity of ledger assets viz Bonds 402158 stocks 3660000 total 1261 05 25014 18 54169 21 578374 66 27100 93 3259 58 64733 92 53053 05 138507 21 54551 44 55378 72 927 85 25834 79 32465 93 23990 99 51790 81 7230 38 1957 81 44879 37 1411 13 15161 89 3694 19 5442 84 960 77 302 06 1108 09 40621 58782 ComptrollerGenerals Eeport 48 Gross decrease by adjustment in book value of ledger as sets viz Eeal estate 84130 bonds including 16 39232 for amortization of premium 14471249 stocks 10814700 total 253700 79 49 Tot il disbursements 576899L 41 IVLedger Assets 1 Book value of real estate 1738000 00 2 Mortgage loans on real estate first liens 12941936 98 3 Loans secured by pledge of bonds stocks or other collateral 5000 00 4 Loans made to policyholders on this com panys policies assigned as collateral 6301986 49 5 Premium notes on policies in force 40110 00 6 Book value of bonds 1906050696 and stocks 2016028 total 21076534 96 7 Cash in companys office 3493 35 9 Deposits in trust companies and banks on interest 432960 59 11 Loans on personal security 7337 24 12 Total ledger assets 42547359 61 NonLedger Assets 13 Interest due 10950 and accrued 193 72609 on mortgages total 14 Interest accrued on bonds 15 Interest accrued on collateral loans 17 Interest due 1778605 and accrued 73 88424 on premium notes policy loans or liens 18 Interest due 8343 and accrued 8600 on loans on personal security 20 Eents due 37839 and accrued 1412251 on companys property or lease 21 Total interest and rents due and accrued New Business 25 Gross premiums due and ira reported on policies in force December 31 1913 less reinsurance pre miums 193835 59 262753 20 125 00 91670 29 169 43 14500 90 Renewals 563054 41 8613 18 362223 77ComptrollerGenerals Eeport 783 26 Gross deferred premiums on policies in force Decem ber 31 1913 less reinsur ance premiums 63601 67 27 Totals 28 Deduct loading 72214 85 15417 87 29 Net amount of uncollected and deferred premiums 56796 98 534509 04 896732 81 191452 45 705280 36 762077 34 35 Gross assets 43872491 36 Deduct Assets Not Admitted 40 Loans on personal security endorsed or not 733724 with accrued interest 16943 total 7506 67 43 Book value of ledger assets over market value 1375258 29 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the Massachusetts 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 December 31 1900 19946003 00 Same for reversionary additions 296494 00 Total 20242557 00 2 American experience table at 3 per cent on all policies issued from January 1 1901 to Janury 1 1908 11735493 00 Same for reversionary additions 491910 CO Total 12227403 00 3 American experience table at 3 per cent mi all policies issued after January 1 1908 5263180 00 Same for reversionary additions 597294 00 Total 5 Net present value of annuities including those in reduction of premiums American 3 per cent 5860474 00 286004 00 Total 38616438 00 6 Deduct net value of risks of this company reinsured in other solvent companies 298821 00784 ComptrollerGenerals Keport 8 Net reserve 38317617 00 9 Present value of amounts not yet due on supplementary con tracts not involving life contingencies computed by the actuary 289581 70 10 Liability on policies cancelled and not included in net re serve upon which a surrender value may be demanded 3230 57 13 Claims for death losses for which no proofs have been received 106811 00 15 Claims for matured endowments due and un paid 791 00 16 Claims for death losses and other policy claims resisted by the company 7498 00 19 21 22 23 25 27 28 29 33 34 35 36 38 39 47 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 deferred pre miums Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1914 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in Item 35 Special reserve on life annuities Liability on death losses inclined hut not reported 1913 Unassigned funds surplus 115100 00 443432 06 68502 20 1419 45 10 11 4929 82 4769 00 92000 00 72540 33 488603 00 70376 00 144268 00 40288 00 2537 33 2330521 83 48 Total 42489726 40ComptrollerGenerals Report 785 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 881 1851365 00 18 Policies on the lives of citizens of said State is sued during the year 168 401717 00 19 Total 1049 2253082 00 20 Deduct ceased to be in force during the year 72 235528 00 21 Policies in force December 31 977 2017554 00 23 Losses and claims incurred during year 15 16558 43 25 Losses and claims settled during the year in cash 14 15558 43 26 Losses and claims unpaid December 31 1 1000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 69085 97 STATE MUTUAL LIFE INSURANCE COMPANY Jno W Maddox President A C Wadsworth Secretary Maddox Doyal Attorney for Service ICapital Stock 2 Amount of ledger assets as per balance Dec 31 of previous year 3513609 71 4 Extended at 3513609 71 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 49004 for first years reinsurance 16248 46 9 Surrender values applied to purchase paid up insurance and annuities 6039 00 12 Total new premiums 22287 46 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 1 35145 for reinsurance on renewals 633798 56786 ComptrollerGenerals Report 14 Dividends and coupon credits applied to pay renewal premiums 16 Surrender values applied to pay renewal premiums 18 Total renewal premiums 100736 68 3208 26 20 Total premium income 24 Gross interest on mortgage loans 25 Gross interest on collateral loans 26 Gross interest on bonds and dividends on stocks 27 Gross interest on premium notes policy loans or liens 28 Gross interest on deposits in trust com panies and banks 29 Gross interest on other debts due the com pany General account 33 Gross rent from companys property in cluding 500000 for companys occu pancy of its own buildings 37491 37 200 00 4575 00 83804 75 3871 05 634 82 29082 76 34 Total gross interest and rents 35 From other sources T O Parker contract 748529 collected bank acts not considered good 28106 collected other acts not considered good 5284 41 From agents balances previously charged off 737743 50 760030 96 159659 75 7819 19 91 98 44 Total income 92760188 IIIDisbursements 1 For death claims 141436 82 4 Net amounts paid for losses and matured endowments 5 For annuities involving life contingencies 7 Surrender values paid in cash or applied in liquidation of loans or notes 8 Surrender values applied to pay new premiums 9 Surrender values applied to purchase paid up insurance and annuities 11 Dividends and coupon credits applied to pay renewal premiums 15 Total paid policyholders 19 Paid certificate holders for interest or dividends 20 Commissions to agents less commission on reinsurance First years premiums 746426 renewal premiums 905084 141436 82 18650 00 397237 59 3208 26 6039 00 100736 68 667308 35 6495 00 16515 10ComptrollerGenerals Beport 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 25 Medical examiners fees 192433 inspection of risks 45439 total 26 Salaries and all other compensation of officers directors trustees and home office employees 27 Rent including 500000 for companys occupancy of its own buildings less 180000 received under sublease 28 Advertising 385682 printing and stationery 450075 postage telegraph telephone and express 205972 exchange 9301 29 Legal expense not included in item 16 30 Furniture fixtures and safes 31 Repairs and expenses other than taxes on real estate 32 Taxes on real estate 33 State taxes on premiums 34 Insurance department licenses and fees 35 All other licenses fees and taxes Municipal license 39 Other disbursements Commissions on sale of real estate 41 Fire insurance 42 Miscellaneous office expense 43 Special examiners 44 Bank accounts charged off 45 Redemption of outstanding checks 48 Gross decrease by adjustment in book value of ledger assets viz Bonds 49 Total disbursements IVLedger Assets 1 Book value of real estate 914437 52 2 Mortgage loans on real estate first liens 64454676 other than first liens 50000 645046 76 3 Loans secured by pledge of bonds stocks or other collateral 5000 00 4 Loans made to policyholders on this com panys policies assigned as collateral 1666429 39 5 Premium notes on policies in force 33346 83 6 Book value of bonds 115992 51 8 Deposits in trust companies and banks not on interest 134576 08 9 Deposits in trust companies and banks on interest 101957 62 7 87 11588 27 7906 48 2378 72 41823 96 5400 00 10510 30 5367 15 1250 50 14844 38 3496 46 12011 54 752 50 167 00 209 25 3684 00 2593 26 1521 45 314 14 10 52 828 31 816976 64 788 ComptrollerGeneral s Beport 10 Bills receivable 5000 net 189154 1941 54 11 Outstanding new premiums 5506 70 12 Total ledger assets 3624234 95 NonLedger Assets 13 Interest due 51121 and accrued 915844 on mortgages 9669 65 14 Interest accrued on bonds 2187 50 18 Interest due on Hill City Land Co 1854 85 19Interest accrued on special deposits 1402 48 20 Rents accrued on companys property or lease 4391 30 21 Total interest and rents due and accrued 19505 78 25 Gross premiums due and unreported on policies in force Dec 31 1913 less re insurance premiums 32511 13 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsurance premiums 29574 29 27 Totals 62Q85 42 28 Deduct loading 12417 09 29 Net amount of uneollected and deferred premiums 4966jS 33 31 Unearned fire insurance premiums 1054 15 35 Gross assets 3694463 21 Deduct Assets Not Admitted 38 Agents debit balances gross 1891 54 40 Loans on personal security endorsed or not 500000 bills receivable 5000 5050 00 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 1373 14 45 Total 8314 68 46 Admitted assets 3686148 53 VLiabilities Surplus and other Funds Net present value of all the outstanding policies in force on the 31st day of Dec 1913 as computed by the fol lowing tables of mortality and rates of interest vizComptrollerGeneral s Report 789 2 American Experience table at 3 per cent on Annual Dividend and single premium policies issued according to the 1906 edi tion rate book 2139370 85 Same for reversionary additions 2139370 85 3 American Experience table at 3 per cent on all business exeept that specified under No 2 1133832 66 Total 3273203 51 6 Deduct net value of risks of this company reinsured in other solvent companies 824 29 8 Net reserve 13 Claims for death losses reported for which no proofs have been received 16 Claims for death losses and other policy claims resisted by the company 3272379 22 10500 00 5500 00 19 Total policy claims 21 Dividends and coupon credits left with the company to accumulate at interest and accrued interest thereon 22 Premiums paid in advance including surrender values so applied 23 Unearned interest and rent paid in advance 25 Commissions to agents due or accrued 27 Salaries rents office expenses bills and accounts due or accrued 28 Medical examiners fees 29 Estimated amount hereafter payable for federal state land other taxes based upon the business of the year of this statement 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and de ferred premiums 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 40 Contingency reserve 16000 00 7721 02 1729 69 36657 1G 2N70 84 3279 31 251 00 8745 18 8133 11 338 60 2500 00 45 Total 47 TJnassigned funds surplus 3360 305 13 325843 40 48 Total 3686148 53790 ComptrollerGenerals Report 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 9590455 00 18 Policies on the lives of citizens of said State issued dur ing the year 489498 00 19 Total 1007995 00 20 Deduct ceased to lie in force during the year 2355649 00 21 Policies in force Dec 31 7724304 00 22 Losses and claims unpaid Dec 31 of previous year 400000 00 23 Losses and claims incurred during year 39500 00 24 Total 439300 0 25 Losses and claims settled during the year in cash 40000 00 26 Losses and claims unpaid Dec 31 3500 00 27 Premiums collected or secured in cash or notes or credits without any deduction for losses dividends commis sions or other expenses 250026 39 THE TRAVELERS INSURANCE COMPANY LIFE DEPARTMENT Home Office No 700 Main Street Hartford Connecticut Sylvester C Dunham President hums L Boward Secretary ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 65588183 24 4 Extended at 05588183 24 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 8062900 for first years reinsurance 1472339 17 6 Surrender values applied to pay first years premiums 790 54 7 Total first years premiums on original poli cies 1473129 71 8 Dividends applied to purchase paidup addi tions and annuities 20908 00ComptrolleeGeneeals Report 9 Surrender values applied to purchase paid up insurance and annuities 30130 94 19 Consideration for original annuities involv ing life contingnecies 123322 96 11 Consideration for supplementary contracts involving life contingencies 12500 00 12 Total new premiums 13 Renewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 225 12957 for reinsurance on renewals 7691672 78 14 Dividends applied to pay renewal premiums 34670 63 16 Surrender values applied to pay renewal pre miums 1405 07 17 Renewal premiums for deferred annuities 1139 76 18 Total renewal premiums 20 Total premium income 21 Consideration for supplementary contracts not involving life contingencies 24 Gross interest on mortgage loans less 14 62047 accrued interest on mortgages ac quired during 1913 1381008 21 26 Gross interest on bonds and dividends on stocks less 2357584 accrued interest on bonds acquired during 1913 1312424 57 27 Gross interest on premium notes policy loans or liens 499992 86 28 Gross interest on deposits in trust companies and banks 4656 79 32 Gross discount on claims paid in advance 2229 64 33 Gross rent from companys property in cluding 10966646 for companys occu pancy of its own buildings 12464035 34 Total gross interest and rents 26 Profit and loss miscellaneous from account previously charged off 41 From agents balances previously charged off 42 Gross profit on sale or maturity of ledger assets viz Real estate 50000 bonds 18100 total 43 Gross increase by adjustment in book value of ledger as sets viz Bonds including 1712050 for accrual of dis count 44 Total income 17171635 08 791 1659991 61 7728888 24 9388879 85 434062 03 3324952 42 56 69 122 50 681 00 22880 59 17171635 08 792 ComptrollerGenerals Report IIIDisbursements 1 For death claims less 16224500 reinsur ance 248604420 additions 381069 total 2489854 89 2 For matured endowments less 1550000 re insurance 110332380 additions 11 44800 total 1114771 80 3 For total and permanent disability claims 2586 94 4 Net amounts paid for losses and matured endowments 5 For annuities involving life contingencies 7 Surrender values paid in cash or applied in liquidation of loans or notes 8 Surrender values applied to pay new premiums 79054 to pay renewal premiums 140507 total 9 Surrender values applied to purchase paidup insurance and annuities 10 Dividends paid to polieyholders in cash or applied in liqui dation of loans or notes 11 Dividends applied to pay renewal premiums 13 Dividends applied to purchase paidup additions and annui ties 59274 12 010702 76 2195 61 30130 94 773 47 34670 63 20908 00 15 Total paid polieyholders 4765869 16 16 Expense of investigation and settlement of policy claims including 157653 for legal expense 9280 82 17 Paid for claims on supplementary contracts not involving life contingencies 481365 68 19 Paid stockholders for interest or dividends 1780000 00 19 Discount on premiums paid in advance 2828 76 20 Commissions to agents less commission on reinsurance First years premiums 58201571 renewal premiums 35729199 annuities original 427978 renewal 4389 total 943631 37 21 Commuted renewal commissions 10316 16 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 62003 38 24 Branch office expenses including salaries of managers and clerks not included in item 22 257089 20 25 Medical examiners fees 9363638 inspection of risks 2537225 total 119008 63 26 Salaries and all other compensation of officers directors trustees and home office employees 248938 86 27 Rent including 3477186 for companys occupancy of its own buildings 119487 41 28 Advertising 2444274 printing and stationery 33y 59471 postage telegraph telephone and express 42 05941 exchange 98625 total 101083 21ComptrollerGenerals Report 793 29 Legal expense not included in item 1G 30 Furniture fixtures and safes 31 Repairs and expenses other than taxes on real estate 32 Taxes on real estate 33 State taxes on premiums 34 Insurance department licenses and fees 35 All other licenses fees and taxes Federal corporation tax 745270 state county and municipal licenses and fees 347851 state county and municipal taxes 149418 tax on participating reserve 900229 Mexican stamp tax 2663 tax on capital stock 2062618 total 39 Other disbursements Heat light and miscellaneous expense of office 1828603 newspapers periodicals and books 200596 mortgage loan expense 4154254 traveling expenses of home office employees 960367 dues and fees for membership various associations 437317 in surance on companys employees and miscellaneous in surance 414036 miscellaneous expense 285188 total 46 Agents balances charged off 47 Gross loss on sale or maturity of ledger assets viz Bonds 431354 stocks 13361700 total 48 Gross decrease by adjustment in book value of ledger as sets viz Real estate 10408669 bonds 7682085 total 3637 37 36985 44 117783 25 30745 03 121528 32 11540 56 102080 49 82803 56 79 29 137930 54 180907 54 49 Total disbursements 9727824 03 IVLedger Assets 1 Home office real estate 2025000 00 Book value of real estate 215050 00 2 Mortgage loans on real estate first liens 27651330 85 4 Loans made to policyholders on this com pany s policies assigned as collateral 10052748 10 6 Book value of bonds 2739566400 and stocks 138236483 total 28778028 83 9 Deposits in trust companies and banks on interest 309836 51 12 Total ledger assets 69031994 29 NonLedger Assets 13 Interest due 1115745 and accrued 568 69782 on mortgages 579855 27 14 Interest due 4851250 and accrued 412 84760 on bonds 461360 10 21 Total interest and rents due and accrued 1041215 37794 ComptrollerGeneral s Report New Business Benewals i5 Gross premiums due and un reported on policies in force Dec 31 1913 less reinsurance premiums 12539 38 570286 49 26 Gross deferred premiums on policies in force Decem ber 31 3913 less rein surance premiums 11184564 635844 79 27 Totals 124385 02 28 Deduct loading 18657 75 1206131 28 132674 44 29 Net amount of uncollected and deferred premiums 105727 27 1073456 84 1179184 11 31 Due from reinsurance companies premium account 8853 14 35 Gross assets 71261246 91 DeductAssets Not Admitted 42 Overdue and accrued interest on bonds in default 44375 00 44 Bonds and stocks 1514935 03 45 Total 1559310 03 46 Admitted assets 69701936 88 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the com pany 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 4929980 00 Same for reversionary additions 145511 00 Total 5075491 00 3 American experience table at 3 per cent on all policies not included in section 2 56771595 00 5 Net present value of annuities including those in reduction of premiums Emory McClintocks tables of mortality among annuitants with 3i per cent interest 668859 00 Total 62515945 00ComptrollerGenerals Report 795 6 Deduct not value of risks of this company reinsured in other solvent companies Balancei 7 Extra reserve for total and permanent disability benefits 8 Net reserve 12 Claims for death losses in process of ad justment or adjusted and not due 18928 44 13 Claims for death losses reported for which no proofs have been received 193092 95 14 Reserve for net death losses incurred but unreported See line 40 15 Claims for matured endowments due and unpaid 5416 10 16 Claims for death losses and other policy claims resisted by the company 8000 00 1210163 00 61305782 00 56907 00 61362689 00 19 Total policy claims 20 Due and unpaid on supplementary contracts not involving life contingencies 22 Premiums paid in advance including surrender values so applied 23 Unearned interest and rent paid in advance 25 Commissions to agents due or accrued 27 Salaries rents office expenses bills and accounts due or ac crued 28 Medical examiners fees 991700 and legal fees 1 07100 due or accrued 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre miums 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 35 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1914 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in Item 35 38 Additional for pro rata paidup insurance values 39 Additional for deferred reversionary and miscellaneous an nuity contracts 40 Special contingency reserve 225437 49 750 00 63370 60 250430 69 5559 78 46801 00 10988 00 280187 00 5530 39 58433 80 166 00 180124 00 5000 00 15000 00 100000 00796 ComptrollerGenerals Eeport 42 Premiums paid in advance on risks which have not been ac cepted by the company 1925 99 47 Unassigned funds surplus 2975920 14 48 Total 69701936 88 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 1565 4875810 00 18 Policies on the lives of citiens of said State is sued during the year 185 497927 00 19 Total 1750 5373737 00 20 Deduct ceased to be in force during the year 96 310786 00 21 Policies in force December 31 1654 5062951 00 22 Losses and claims unpaid December 31 of previous year 2 6000 00 23 Losses and claims incurred during year 25 88262 35 24 Total 27 94262 35 25 Losses and claims settled during the year in cash 26 92424 75 Saved by adjustment 837 60 26 Losses and claims unpaid December 31 1 1000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 143393 02 THE UNION CENTRAL LIFE INSURANCE COMPANY Jesse B Clark President George L Williams Secretary T H Daniel 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 89543331 68 4 Extended at 89543331 68 CoMPTEOLLERGrENERALS REPORT 797 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 1738585 for first years reinsurance 1666167 23 6 Surrender values applied to pay first years premiums 1906 86 7 Total first years premiums on original pol icies 1668074 09 8 Dividends applied to purchase paidup addi tions and annuities 385906 83 9 Surrender values applied to purchase paid up insurance and annuities 31747 60 10 Consideration for original annuities involv ing life contingencies 21462 16 12 Total new premiums 2107190 68 13 Eenewal premiums in addition to items 14 16 and 17 without deduction for com missions or other expenses less 132 37578 for reinsurance on renewals 8982134 73 14 Dividendsapplied to pay renewal premiums 1574965 61 16 Surrender values applied to pay renewal 110225 80 18 Total renewal premiums 10667326 14 20 Total premium income 12774516 82 21 Consideration for supplementary contracts not involving life contingencies 71440 81 22 Dividends left with the company to accumulate at interest 992 76 24 Gross interest on mortgage loans less 180 40053 accrued interest on mortgages ac quired during 1913 4525436 80 26 Gross interest on bonds and dividends on stocks 500 00 27 Gross interest on premium notes policy loans or liens 947804 75 28 Gross interest on deposits in trust companies and banks 20357 29 29 Gross interest on other debts due the com pany 2136 86 32 Gross discount on claims paid in advanve 1476 62 33 Gross rent from companys property includ ing 4476836 for companys occupany of its own buildings 102064 74 34 Total gross interest and rents 5599777 06798 CompteolleeGeneeals Report 36 Gross profit from compromise and adjustment of mortgage loans 37 Proceeds of policies left with company to accumulate at in terest 42 Gross profit on sale or maturity of ledger assets viz Real estate 50816 41 17268 76 14725 16 44 Total income IIIDisbursements 1 For death claims less 56750 reinsurance 248251280 additions 3361480 2516127 60 2 For matured endowments 441392 addi tions 2947553 total 470867 53 2V2 For matured life rate endowments reserve 946095 surplus 95197739 1898072 39 4 Net amount paid for losses and matured endowments 5 For annuities involving life contingencies 6 Premium notes and liens voided by lapse less 1993389 restorations 7 Surrender values paid in cash or applied in liquidation of loans or notes 8 Surrender values applied to pay new premiums 190680 to pay renewal premiums 11022580 total 9 Surrender values applied to purchase paidup insurance and annuities 10 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes 11 Dividends applied to pay renewal premiums 13 Dividends applied to purchase paidup additions and annui ties 14 Dividends left with the company to accumulate at interest 4885067 52 23333 25 91719 09 1848240 73 112132 66 31747 60 214215 34 1574965 61 385906 83 992 76 15 Total paid policyholders 16 Expense of investigation and settlement of policy claims 17 Paid for claims on supplementary contracts not involving life contingencies 18 Dividends and interest thereon held on deposit surrendered during the year 19 Paid stockholders for interest or dividends 20 Commissions to agents less commission on reinsurance First years premiums 69519612 renewal premiums 66464493 annuities original 64834 total 21 Commuted renewal commissions 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 9168321 39 2922 26 84357 92 649 15 50000 00 1360489 39 40170 00 57409 44 CompteollebGenebals Repobt 799 24 Branch office expenses including salaries of managers and clerks not included in item 22 25 Medical examiners fees 8326250 inspection of risks 616597 j total 26 Salaries and all other compensation of officers directors trustees and home office employees 27 Rent including 4476836 for companys occupancy of its own building 28 Advertising 4456027 printing and stationery 4270848 postage telegraph telephone and express 2413886 ex change 27882 total 29 Legal expense not included in item 16 30 Furniture fixtures and safe 31 Repairs and expenses other than taxes on real estate 32 Taxes on real estate 33 State taxes on premiums 34 Insurance department licenses and fees 36 Federal corporation tax 37 Hamilton County local tax 38 Interest on policy claims 40 General expense home office 41 Traveling expense home office 42 Mortgage loan expense expense of making new investment 43 Mortgage expense expense of maintaining mortgage in vestment 44 Profit and loss gross loss on mortgage loans 46 Agents balances charged off 47 Gross loss on sale or maturity of ledger assets viz Real estate 55637 30 89428 47 438023 09 78633 30 111686 53 24771 62 17576 45 7213 85 27481 09 169525 50 48286 28 11222 86 5343 23 7209 27 21825 62 15341 51 285693 68 69169 92 3482 80 198592 70 2889 11 disbursements 12453353 73 IVLedger Assets 000 in 15451672 91 2080635 20 25000 00 16502 44 9106 75 795146 05 49 Total 1 Book value of real estate less cumbrances 2 Mortgage loans on real estate first liens 4 Loans made to policyholders on this com panys policies assigned as collateral 5 Premium notes on policies in force of which 45707487 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 32 Total ledger assets95619515 73800 ComptbollebGeneeals Repoet NonLedger Assets 13 Interest due 8316321 and accrued 2 65770574 on mortgages 2740868 95 14 Interest accrued on bonds 125 00 16 Interest due 6313074 and accrued 64 19096 on premium notes policy loans or liens 47289980 policy loan total 600221 50 20 Rents due on companys property or lease 1025 25 21 Total interest and rent due and accrued 24 Due from other companies for losses or claims on policies of this company reinsured 25 Gross premiums due and unreported on poli cies in force December 31 1913 less re insurance premiums 580339 17 26 Gross deferred premiums on policies in force December 31 1913 less reinsurance pre miums 113450 52 27 Totals 693789 69 28 Deduct loading 138757 94 29 Net amount of uncollected and deferred premiums 3342240 70 7500 00 555031 75 35 Gross assets 99524288 18 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 1155 19 43 Book value of real estate over market value 421943 62 45 Book values of bonds over market value 500 00 Total 423598 81 46 Admitted assets 99100689 37 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the com pany on the following tables of mortality and rates of in terest viz Actuaries table at 4 per cent on issues of 1900 and prior years i 25779043 00ComptrollerGeneral s Report 801 2 American experience table at 3 per cent on issues of 1901 and subsequent years 41638911 00 Same for reversionary additions 2222323 00 5 Net present value of annuities including those in reduction of premiums Actuaries 4 per cent issues of 1900 and prior years 798o0 00 McClintocks 3y2 per cent issues of 1901 and subsequent years 152371 00 Total 79872498 00 6 Deduct net value of risks of this company reinsured in other solvent companies 516994 00 8 Net reserve 79355504 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 941190 00 12 Claims for death losses in process of ad justment or adjusted and not due 24269 54 13 Claims for death losses reported for which no proofs have been received 101378 60 14 Reserve for net death losses incurred but unreported 75000 00 15 Claims for matured endowments due and unpaid 9191 00 16 Claims for death losses and other policy claims resisted by the company 5000 00 19 Total policy claims 214839 14 21 Dividends left with the company to accumulate at interest and accrued interest thereon 1308 77 22 Premiums paid in advance including surrender values so applied 99702 80 23 Unearned interest and rent paid in advance 68458 58 24 Commissions due to agents on premium notes when paid 285803 07 26 Cost of collection on uneollected and deferred premiums in excess of the loading thereon 4936 38 27 Salaries rents office expenses bills and accounts due or accrued 5840 17 28 Medical examiners fees 8942 00 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 214846 59 33 Dividends or other profits due policyholders including those contingent on payment of outstanding and deferred pre miums 158503 91802 ComptrollerGenerals Eeport 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 2347845 79 35 Dividends declared on or apportioned to deferred dividend policies payable to policyholders during 1914 1098847 00 36 Amounts set apart apportioned ascertained calculated de clared or held awaiting apportionment upon deferred div idend policies not included in Item 35 9511410 00 38 Deposits for abstracts temporarily loaned 2755 interest received on loans contracted for 1914 1162840 prin cipal payments received on loans contracted for 1914 500 commissions received by company on loans con tracted for 1914 192850 total 16811 90 41 Due upon individual accounts 10470 54 42 Proceeds of policies left with company to accumulate at in terest and accrued interest thereon 1 413 68 43 Surplus interest accrued in excess of contract rates allowed in connection with items 9 21 42 619 41 45 Surplus derived from nonparticipating policies 1520508 9l 46 Capital stock 500000 00 47 Unassigned funds surplus derived from partic policies 2716886 68 48 Total 99100689 37 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 7479 15008665 00 IS Policies on the lives of citizens of said State is sued during the year 1044 3012997 00 19 Total 8523 18621662 00 20 Deduct ceased to be in force during the year 624 1424583 00 21 Policies in force December 31 7899 17197079 00 22 Losses and claims unpaid December 3 of previous year 2 5000 00 23 Losses and claims incurred during year 37 133674 04 24 Total 39 138674 04 25 Losses and claims settled during the year in cash 39 138674 04 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 520125 97ComptrollerGeneral s Eeport 803 UNITED STATES ANNUITY AND LIFE INSURANCE COMPANY Henry A Salzer President Wm T Smith Secretary Wm A Wright Ins Comr Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 300000 00 2 Amount of ledger assets as per balance Dec 31 of previous year 885919 97 4 Extended at 885919 97 IIIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 160819 for first years reinsurance 92259 24 8 Dividends applied to purchase paid up ad ditions and annuities 16 81 9 Surrender values applied to purchase paid up insurance and annuities 3394 66 12 Total new premiums 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commissions or other expenses less 672154 for reinsurance on renewals 14 Dividends applied to pay renewal prem iums 18 Total renewal premiums 253692 12 20699 27 20 Total premium income 22 Dividends left with the company to accumulate at in terest 24 Gross interest on mortgage loans less 14367 accrued interest on mortgages acquired during 1913 16595 39 25 Gross interest on collateral loans 13100 00 26 Gross interest on bonds and dividends on stocks less 764130 accrued interest on bonds acquired during 1913 4111 38 27 Gross interest on premium notes policy Iqans or liens 4967 11 95570 71 274391 39 369913 10 2295 54804 ComptrollerGenerals Keport 28 Gross interest on deposits in trust com panies and banks 1137 60 33 Gross rent from companys property 376 03 34 Total gross interest and rents 40288 41 37 Suspense 766 81 44 Total income 413312 86 IIIDisbursements 1 For death claims less 511428 reinsurance 36962 95 4 Net amounts paid for losses and matured endowments 36962 95 6 Premium notes and liens voided by lapse 2559 98 7 Surrender values paid in cash or applied in liquidation of loans or notes 13044 31 9 Surrender values applied to purchase paid up insurance and annuities 3294 66 11 Dividends applied to pay renewal premiums 20699 27 13 Dividends applied to purchase paid up additions and annuities 16 81 14 Dividends left with the Company to accumulate at inter est 2295 54 15 Total paid policyholders 78873 52 16 Expense of investigation and settlement of policy claims 1143 56 18 Dividends and interest thereon held on deposit surren dered during the year 238 37 20 Commissions to agents less commissions on reinsurance First years premiums 5407896 renewal premiums 3691044 total 90989 40 25 Medical examiners fees 1242250 inspection of risks 280700 total 15229 50 26 Salaries and all other compensation of officers directors trustees and home office employees 23201 70 27 Rents 2600 00 28 Advertising 125890 printing and stationery 85172 postage telegraph telephone and express 218417 exchange 22103 4515 82 29 Legal expense not included in item 16 2292 59 30 Furniture fixtures and safes 240 45 32 Taxes on real estate 567 09 33 State taxes on premiums 5270 65 34 Insurance department licenses and fees 3620 54 35 All other licenses fees and taxes Federal corporation tax 319 16 37 Personal tax 495 01 ComptrollehGeneeals Eepoht 805 38 Municipal fees etc 41 Interest on borrowed money 42 Miscellaneous expense 43 Investment expense 49 Total disbursements 2478 93 1855 IS 1930 12 464 09 236328 56 IVLedger Assets 10 1 Book value of real estate 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other collateral 4 Loans made to policyholders on this com panys policies assigned as collateral 5 Premium notes on policies in force 6 Book value of bonds 39155550 and stocks 10067500 7 Cash in companys oifice 8 Deposits in trust companies and banks not on interest 9 Deposits in trust companies and banks on interest Bills receivable 23000 00 290305 00 120000 00 82398 82 116082 43 492230 50 483 74 13403 78 24800 00 38887 52 12 Total ledger assets 1062904 27 NonLedger Assets 13 Interest due 189321 and accrued 5 65328 on mortgages 7546 49 14 Interest accrued on bonds 16441 56 17 Interest accrued on other assets Certifi cates of deposit 139 48 21 Total interest and rents due and accrued 23 Market value not including interest in item 14 of bonds and stocks over book value 25 Gross premiums due and unreported on policies in force December 31 1913 less reinsurance premiums 26 Gross deferred premiums on policies in force Dec 31 1913 less reinsurance premiums 24127 53 7569 50 26774 59 15180 59 27 Totals 28 Deduct loading 41955 18 8304 03 29 Net amount of uncollected and deferred premiums 33651 15 35 Gross assets 1128252 45806 ComptrollerGenerals Keport 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 1911 79 46 Admitted assets 1136340 66 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 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 policies issued during 1906 and 1907 249704 00 2 American Experience table at 3 per cent on all policies issued since Dec 31 1907 470846 0O Total 720550 00 6 Deduct net value of risks of this company reinsured in other solvent companies 5641 00 8 Net reserve 14909 00 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies computed by the company 872 00 13 Claims for death losses reported for which no proofs have been received 168 00 16 Claims for death losses and other policy claims resisted by the company 308 80 19 Total policy claims 476 80 21 Dividends left with the company to accumulate at in terest and accrued interest thereon 6109 05 22 Premiums paid in advance including surrender values so applied 1135 87 23 Unearned interest and rent paid in advance 2265 87 24 Commissions due to agents on premium notes when paid 2412 36 27 Salaries rents office expenses bills and accounts due or accrued 186 82 28 Medical examiners fees 75000 and insp fees due or accrued i010 98 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 5A47 25 33 Dividends or other profits due policy holders including those contingent on payment of outstanding and de ferred premiums 2797 27COMPTROLLERGENERALS REPORT 807 34 Dividends declared on or apportioned to annual dividend policies payable to policyholders during 1914 whether contingent upon the payment of renewal premiums or otherwise 27741 20 36 Amounts set apart apportioned provisionally ascertained calculated declared or held awaiting apportionment upon deferred dividend policies not included in item 35 6776 59 46 Capital stock 300000 00 47 Unassigned funds surplus 54493 50 48 Total 1126340 66 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 488544 00 18 Policies on the lives of citiens of said state issued during the year 317483 00 19 Total 806 027 00 20 Deduct ceased to be in force during the year 324370 00 21 Policies in force Dec 31 481657 00 23 Total losses and claims incurred during year 5000 00 25 Losses and claims settled during the year in cash 5000 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commis sions or other expenses 12327 46 Ail THE VOLUNTEER STATE LIFE INSURANCE COMPANY 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 3J of previous year 1372228 73 4 Extended at 1372228 73 ITIncome 5 First years premiums on original policies without deduction for commissions or other expenses less 451517 for first year s reinsurance 126821 88808 ComptrollerGenerals Report 3 Dividends applied to purchase paidup addi tions and annuities 489 39 9 Surrender values applied to purchase paid up insurance and annuities 686 00 12 Total new premiums 13 Renewal premiums in addition to items 14 16 and 17 without deduction for commis sions or other expenses less 1055234 for reinsurance on renewals 14 Dividends applied to pay renewal premiums 127997 27 474952 00 5988 33 18 Total renewal premiums 20 21 24 25 26 27 29 31 Total premium income Consideration for supplementary contracts not involving life contingencies Gross interest on mortgage loans less 41446 accrued interest on mortgages ac quired during 1913 52313 72 Gross interest on collateral loans 2860 00 Gross interest on bonds and dividends on stocks 4239 78 Gross interest on premium notes policy loans or liens 20717 97 Gross interest on deposit in trust companies and banks 1018 58 Interest miscellaneous 1786 83 Commissions on mortgage loans 3151 02 34 Total gross interest 36 Worthless premium notes previously written off 37 Mortgage loan expense credit 38 Premiums pending increase 41 From agents balances previously charged off 42 Gross profit on sale or maturity of ledger assets viz Bonds 480940 33 608937 60 3136 00 86087 90 1363 28 56 71 36 09 799 86 482 77 44 Total income 700900 21 IIIDisbursements 1 For death claims 147693 00 4 Net amounts paid for losses and matured endowments 147693 00 5 For annuities involving life contingencies 696 60 6 Premium notes and liens voided by lapse 3936 59 7 Surrender values paid in cash or applied in liquidation of loans or notes 55175 97ComptrollerGenerals Report 809 9 Surrender values applied to purchase paidup insurance and annuities 10 Dividends paid to policyholders in cash or applied in liqui dation of loans or notes 11 Dividends applied to pay renewal premiums 13 Dividends applied to purchase paidup additions and an nuities 15 Total paid policyholders 16 Expense of investigation and settlement of policy claims 17 Paid for claims on supplementary contracts not involving life contingencies 20 Commissions to agents less commission on reinsurance First years premiums 8034611 renewal premiums 2290097 total 21 Commuted renewal commissions 22 Compensation of managers and agents not paid by com mission for services in obtaining new insurance 23 Agency supervision and traveling expenses of supervisors except compensation for home office supervision 24 Branch office expenses including salaries of managers and clerks not included in item 22 25 Medical examiners fees 1258515 inspection of risks 400813 total 26 Salaries and all other compensation of officers directors trustees and home office employees 27 Kent 28 Advertising 420732 printing and stationery 349812 postage telegraph telephone and express 257528 ex change 8520 total 29 Legal expense not included in item 16 30 Furniture fixtures and safes 31 Repairs and expenses home office furniture 32 Trust funds paid off 33 State taxes on premiums 34 Insurance department licenses and fees 36 Federal corporation tax 37 Taxes on assets 38 Licenses cities etc 40 Premium reduction couponspaid 41 Traveling expenses home office 38311 inc expenses 82865 total 42 Lights 11216 office sup 37253 ins fire 6015 total 43 Ins books and papers 25877 actuary 76375 total 44 Departmental exams 135516 sundry 61868 total 46 Agents balances charged off 686 00 2926 90 5988 33 489 39 V 217592 78 1210 51 3568 10 103247 08 22086 19 9953 24 7826 46 3026 42 16593 28 32383 49 2415 00 10963 52 40 15 412 80 121 76 11853 40 5146 65 1154 19 170 41 2572 80 437 50 7411 88 1211 81 54584 1022 22 1973 84 6857 81 810 ComptrollerGenerals Keport 47 Gross loss on sale or maturity of ledger assets viz Decrease premiums paid in advance 10855 decrease premium re duction coupons unpaid 87150 total 49 Total disbursements 980 05 472779 19 IVLedger Assets 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other collateral 4 Loans made to policyholders on this com panys 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 Bills receivable 116652 agents balances debit 280455 credit 78632 net 201823 total 936390 00 61000 00 315426 24 26202 94 1892S0 40 1891 39 11912 85 55161 19 3184 75 12 Total ledger assets 1600349 76 NonLedger Assets 13 Interest due 35500 and accrued 21 38728 on mortgages 14 Interest accrued on bonds 15 Interest accrued on collateral loans 16 Interest accrued on premium notes policy loans or liens 21742 28 4392 81 2296 00 488 30 21 Total interest due and accrued 28919 39 24 Due from other companies for losses or claims on policies of this company reinsured 2000 00 29 Net amount of uncollected and deferred premiums 50573 78 35 Gross assets 1681841 93 Deduct Assets Not Admitted 38 Agents debit balances gross 40 Bills receivable 2804 55 1166 52ComptrollerGenerals Beport 811 41 Premium notes and loans on policies and net premiums in item 29 in excess of the net value of their policies 1947 84 45 Total 5918 91 46 Admitted assets 1675923 02 VLiabilities Surplus and Other Funds Net present value of all the outstanding policies in force on the 31st day of December 1913 as computed by the com pany on the following tables of mortality and rates of interest viz 1 Actuaries table at 4 per cent prior to April 1st 1912 Same for reversionary additions 2 American experience table at 3 per cent since April 1st 1912 5 Net present value of annuities including those in reduction of premiums Total 6 Deduct net value of risks of this company reinsured in other solvent companies 7 Extra reserve for total and permanent disability benefits and for additional accidental death benefits included in life policies 8 Net reserve 9 Present value of amounts not yet due on supplementary contracts not involving life contingencies 16 Claims for death losses and other policy claims resisted by the company 22 Premiums paid in advance including surrender values so applied 23 Unearned interest and rent paid in advance 24 Commissions due to agents on premium notes when paid 27 Salaries rents office expenses bills and accounts due or ac crued 28 Medical examiners fees 29 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 33 Dividends or other profits due polieyholders including those contingent on payment of outstanding and deferred pre miums 38 Premium reduction coupons unpaid 42 Premiums pending 1399808 00 3505 00 65398 00 570 00 10753 00 1255 00 1459783 00 9417 30 5000 Of 796 93 7706 23 2019 31 447 OO 900 00 3500 00 962 02 498 80 94 45812 ComptbollebGenebals Report 40 Capital stock 100000 00 47 Unassigned funds surplus 84797 91 48 Total 1675923 02 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 1334 2321754 00 18 Policies on the lives of citizens of said State is sued during the year 451 702070 00 19 Total 1785 3023824 00 20 Deduct ceased to be in force during the year 1357 586305 00 21 Policies in force December 31 1428 2437519 00 22 Losses and claims unpaid December 31 of pre vious year 1 1000 00 23 Losses and claims incurred during year 12 14080 00 24 Total 13 15080 00 25 Losses and claims settled during the year 13 15080 00 27 Premiums collected or secured in cash and notes or credits without any deduction for losses dividends commissions or other expenses 66078 87ASSESSMENT COMPANIES AMERICAN INSURANCE COMPANY Home Office Savannah Ga N F Counts President H A Rushin 1 Balance from previous year IIIncome 1 Membership fees actually received 6 Annual dues payable weekly 9 Total received from applicants and members items 1 to 10 Deduct payments returned to applicants and members 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 17 Gross rents from associations property 18 Borrowed money 20 Sale of 316 guaranty fund certificates at 100 each 29 Total income items 11 to 28 30 Amounts carried forward sum of balance from previous year and item 29 31 Gross amount of membership fees required or represented by applications IIIDisbursements 1 Death claims 3 Sick and accident claims 10 Total payments to members item 1 to 9 13 Salaries of managers or agents not paid by commissions 14 Salaries of officers and trustees 17 Salaries of office employees No 2 23 Insurance fees and licenses 24 Other licenses and fees City 240 county 31 total 29 State county and city taxes on real estate 31 Bent 32 Advertising printing and stationery Secretary 20557 42 1889 65 49177 73 51067 38 104 50 50962 88 175 00 1 50 116 25 850 00 31600 00 83705 63 63148 21 1889 65 2501 95 17494 69 19996 64 25176 50 5100 00 911 33 103 00 271 00 130 68 640 00 223 83 814 ComptrollerGenerals Report 33 Postage express telegraph and telephone 34 Legal expense in litigating claims 38 Borrowed money 850 mortgages thereon 2300 40 Premiums on fire insurance policies 41 Office expense 42 Borrowed money 43 Exchange 47 Total disbursements items 1 to 46 IVLedger Assets 1 Book value of real estate 4 Book value of bonds and stocks 6 Deposited in trust companies and banks not on interest 7 Cash in associations office 10 Other ledger assets viz Furniture and office equipment 11 Deposited with Georgia By Power Co Atlanta to secure account 13 Total ledger assets NonLedger Assets 15 Interest due on bonds 25 Weekly premiums due and unpaid on policies in force 26 Less estimated cost of collection 32 per cent 40 Total admitted assets VLiabilities 13 Sick and accident claims adjusted not yet due No 136 23 Advance premiums or assessments 25 Accrued interest on 2300 mortgage 26 Reserve as per Act of August 16 1909 27 Surplus 30 Total liabilities 120 31 46 35 174 07 19 20 364 OS 650 00 18 93 54259 73 2700 00 4700 00 21 10 116 68 1340 70 10 00 8888 48 43 75 737 82 236 10 9433 95 121 97 31 60 23 49 2489 77 6767 12 9433 95ComptrollerGenerals Report 815 ATLANTA MUTUAL LITE AND ACCIDENT ASSOCIATION A F Herndon President T K Gibson Secretary Hon W A Wright Attorney for Service in Georgia 1 Balance from previous year 12395 8 IIIncome 1 Membership fees actually received 3977 60 4 Medical examiners fees actually received 193021 42 6 F SA 163 75 7 Kenewal 915 05 9 Total received from applicants and members items 1 to 8 198077 82 13 Gross interest on bonds and dividends on stock 350 00 20 Agents deficiency 643 3 21 Agents cash bond reserve 555 3 22 Advance by officers 250 00 23 Pro rata reinsurance fee 500 00 25 Returned check and miscellaneous 1842 02 26 From agents balances previously charged off 120 49 27 Gross profit on sale or maturity of ledger assets viz To st life 6500 00 28 Gross increase by adjustment in book value of ledger as sets viz Eeinsurance profit 118 25 29 Total income items 11 to 28 208956 98 30 Amounts carried forward sum of balance from previous year and item 29 221352 80 IIIDisbursements 1 Death claims 14368 3 3 Sick and accident claims 72616 45 6 Beturn of premium and cancelled policies 153 64 10 Total payments to members items 1 to 9 87138 22 12 Commissions and fees paid to agents on account of subse quent years fees dues assessments or premiums 65463 60 13 Salaries of managers or agents not paid by commissions 21589 58 17 Salaries of office employees 4891 44 21 Traveling and other expenses of managers and agents 3804 53 23 Insurance department fees and licenses 534 00 25 Municipal tax and license 2132 37 26 State and county 190 11 31 Eent 2515 41816 ComptrollerGenerals Report 32 Advertising printing and stationery 1948 60 33 Postage express telegraph and telephone 1376 40 38 Borrowed money interest on due cert 930 00 40 Ala reorg exp 698 39 41 Agents reserve refund 258 28 42 Return treas advance 463 94 43 Miscellaneous 1841 70 44 Agents balances charged off 1038 27 45 Gross purchase of ledger assets viz Int 3043 75 47 Total disbursements items 1 to 46 199858 59 IVLedger Assets 4 Book value of bonds 8000 stocks 8875 total 16875 00 5 Deposited in trust companies and banks on interest Ga Sav Bank 599 68 10 Other ledger assets 243 75 13 Total ledger assets 27494 21 NonLedger Assets 1 Premium due and in process of collection 510825 less 30 per cent cost of collection 133247 4775 78 4019 53 30 Gross assets 21494 21 VLiabilities 2 Death claims adjusted not yet due 203 32 13 Sick and accident claims adjusted not yet due 1010 25 IS Total unpaid claims 1213 57 19 Salaries rents expenses bills and accounts due or accrued 51 55 2 I Taxes due or accrued 771 30 22 Borrowed money 86875 on due certif interest due or ac crued on same 18000 total 1048 75 25 Checks out 116 65 26 Agents res and salary due 46 05 27 Reserve required on st life reinsurance 4700 00 28 Reserve on Atlanta Mut 47274000 at 150 per n 7091 00 29 Surplus above ill legal requirements 6455 24 30 Total liabilities 21494 21ComptrollerGeneral s Report 817 BANKEES HEALTH AND LIFE INSURANCE COMPANY OF MACON GA 5292 15 181983 55 187275 70 390 82 186884 88 400 00 100 00 19 15 187404 03 203729 66 608 to 611 Grand Bldg Macon Ga P L Hay President P C Carnes Secretary Robt L Berner Macon Ga Attorney for Service in Georgia 1 Balance from previous year 16325 63 IIIncome 1 Membership fees actually received 2 First years assessments or premiums 9 Total received from applicants and members items 1 to 8 10 Deduct payments returned to applicants and members 11 Net amount received from applicants and members 13 Gross interest on bonds and dividends on stock 15 Gross interest on deposits in trust companies and banks 20 J J Brazzech paid on account 29 Total income items 11 to 28 30 Amounts carried forward sum of balance from previous year and item 29 IIIDisbursements i 1 Death claims 3 Sick and accident claims 10 Total payments to members items 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 17 Salaries of office employees 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 26 Special examination 27 Taxes on assessments or premiums 28 Other taxes 31 Rent 13572 25 57514 70 71086 95 63138 33 11948 75 20668 76 3252 23 33 00 2223 21 62 88 334 00 688 00 285 20 195 35 476 74 7 2489 70 818 ComptrollerGenerals Eeport 32 Advertising printing and stationery 1244 42 33 Postage express telegraph and telephone 789 17 24 Legal expense in litigating claims 221 20 35 Other legal expenses 255 5 37 Furniture and fixtures 221 45 40 Fuel and lights 75 60 41 Miscellaneous expenses 708 28 42 Interest on income certificates 1368 00 44 Agents balances charged off see profit and loss 242 06 47 Total disbursements items 1 to 46 181967 73 IVLedger Assets 4 Book value of bonds 13874 00 5 Deposited in trust companies and banks on interest Macon National Bank 4000 00 6 Deposited in trust companies and banks not on interest Macon National Bank 506 01 7 Cash in association s office 408 13 8 Agents balances debit 13257 credit 13878 net 26 21 12 Furniture and fixtures 3000 00 13 Total ledger assets 21761 93 NonLedger Assets i 25 Gross premiums due and unpaid 404024 less 25 per cent for collection 101008 3Q30 17 30 Gross assets 24792 10 Deduct Assets Not Admitted 31 Agents debit balances 132 57 37 Furniture and fixtures 3000 00 39 Total 3132 57 40 Total admitted assets 21659 53 VLiabilities 15 Sick and accident claims reported filed but not yet ad justed No 323 988 50 19 Salaries rents expenses bills and accounts clue or accrued 385 38 21 Taxes due or accrued Due State 140 69CompteollebGenerals Bepobt 819 23 Advance premiums or assessments 1486 60 25 Eeserve required 15241 65 30 Total liabilities 18242 82 Business in the State of Georgia During the Year No Amount 1 Policies or certificates in force December 31 1912 as per last statement35626 926276 00 2 Policies or certificates written during the year 35861 93386 00 4 Totals71487 1858662 00 5 Deduct terminated or decreased during the year 36252 982552 00 6 Total benefit certificates in force December 31 1913 35235 916110 00 7 Policies or certificates terminated by death during the year 467 13572 25 8 Policies or certificates terminated by lapse during the year 36252 942552 00 CONTINENTAL AID ASSOCIATION Home Office Atlanta Ga B M Cross President LeEoy Smith Secretary 1 Balance from previous year 6396 95 IIIncome 1 Membership fees actually received 4003 75 2 First year s assessments or premiums 103464 99 9 Total received from applicants and members items 1 to 8 107468 74 10 Deduct payments returned to applicants and members 193 15 11 Net amount received from applicants and members 107275 59 13 Gross interest on bonds and dividends on stock 200 00 18 Borrowed money 1749 62 29 Total income items 11 to 28 109225 21 30 Amounts carried forward sum of balance from previous year and item 29 115622 16820 OompteollerGenebals Report IIIDisbursements I Death claims 8183 15 3 Sick and accident claims 36733 39 10 Total payments to members items 1 to 9 44916 54 13 Salaries of managers or agents not paid by commissions 53267 60 14 Salaries of officers and trustees 4755 00 23 Insurance department fees and licenses 253 00 25 Municipal license 485 60 28 Other taxes 124 53 31 Kent 1460 50 32 Advertising printing and stationery 836 30 35 Other legal expenses 199 10 40 Miscellaneous expenses 2056 87 41 Interest guarantee fund certificates 354 00 42 Accounts payments from last year 73 95 43 Bond premiums from last year 21 50 44 Agents balances charged off 1103 47 Total disbursements items 1 to 46 108815 52 IVLedger Assets 4 Book value of bonds 5100 00 7 Cash in associations office 531 50 9 Bills receivable 42 50 10 Other ledger assets viz Furniture and fixtures 1106 89 II Cash in hands of agents 25 75 13 Total ledger assets 6806 64 NonLedger Assets 25 Premiums due and unpaid 1723 20 26 Less cost of collecting 258 48 27 Net amount due by policyholders 1464 72 28 Less premiums paid in advance 176 76 29 Due by policyholders less adv payments 1287 92 30 Gross assets 8094 56 Deduct Assets Not Admitted 32 Bills receivable 42 50 40 Total admitted assets 8052 06ComptrollerGenerals Keport VLiabilities 21 Taxes due or accrued 22 Borrowed money 25 Agents bond premiums 30 Total liabilities Business in The State of Georgia During The Year No 1 Policies or certificates in force December 31 1912 as per last stateemnt16108 2 Policies or certificates written during the year24638 4 Totals 40740 5 Deduct terminated or decreased during the year 24354 6 Total benefit certificates in force December 31 1913 16392 11 Received during the year from members in Georgia 821 72 33 1749 62 10 00 1831 95 Amount 387469 12 592652 30 980121 42 600509 23 379612 19 107275 59 FARMERS COOPERATIVE ASSESSMENT FIRE INSURANCE CO J M Ball President J T Goodman Secretary H M Fletcher Attorney for Service fc 75 29 1 Balance from previous year IIIncome 1 Membership fees actually received 2638 48 5 Other payments by applicants and members Assess for 14078 31 losses 9 Total received from applicants and members items 1 to 8 16716 79 lo Deduct payments returned to applicants and members 14078 31 11 Net amount received from applicants and members 2638 48 30 Amounts carried forward sum of balance from previous year and item 29 2713 822 ComptrollerGenerals Report IIIDisbursements Fire losses 14078 31 11 Commissions and fees paid to agents on account of first years fees due assessments or premiums 1476 54 13 Salaries of managers or agents paid by commissions 833 50 21 Traveling and other expenses of managers and agents 24 83 23 Insurance department fees and licenses 40 00 25 Registration fee 50 26 State income tax 6 32 Advertising printing and stationery 103 79 33 Postage express telegraph and telephone 12 53 34 Legal expense in litigating claims lo 00 47 Total disbursements items 1 to 46 2536 36 48 Balance before transfers deduct item 47 from amount brought forward 41 IVLedger Assets 7 Cash in associations office 5 41 8 Agents balances 00 13 Total ledger assets 77 41 VLiabilities 2 Fire losses adjusted not yet due No 4 1960 00 21 Taxes due or accrued 40 00 30 Total liabilities 2000 00 Business in The State of Georgia During The Year No Amount 1 Policies or certificates in force December 31 1912 as per last statement 4374 4569607 00 2 Policies or certificates written during the year 235 235345 00 4 Totals 4609 4804952 00 5 Deduct terminated or decreased during the year 57 42235 00 6 Total benefit certificates in force Dec 31 1913 4552 4762717 00ComptrollerGenerals Beport 823 FARMERS MUTUAL ASSESSMENT TIRE INSURANCE COMPANY T L Johnson President J 1 Hurt Secretary J G B Erwin Attorney for Service 1 Balance from previous year 2680 67 IIIncome 1 Membership fees actually received from premiums 5417 88 10 Deduct payments returned to applicants and members 156 82 11 Net amount received from applicants and members 5261 06 IIIDisbursements 1 Losses by fire 27 30 11 Commissions and fees paid to agents on account of first year a fees due assessments or premiums 15 per cent of premium 803 53 14 Salaries of officers and trustees ij293 50 27 Taxes on assessments or premiums 53 98 32 Advertising printing and stationery 98 91 33 Postage express telegraph and telephone 34 22 34 Legal expense in litigating claims 76 40 47 Total disbursements items 1 to 46 4530 84 IVLedger Assets 5 Deposited in trust companies and banks on interest 1000 00 6 Deposited in trust companies and banks not on interest 1044 61 11 Notes in companys office 3075 1 13 Total ledger assets 5119 78 VLiabilities 25 Cash and notes 5n9 78 FARMERS PROTECTIVE FIRE INSURANCE COMPANY J W Philips President A H Floke Secretary L B Norton Attorney for Service 1 Balance from previous year 62 0894 02 2947 06 3041 08 2 35 3038 73 3100 81 824 ComptrollerGenerals Report IIIncome 1 Membership fees actually received 3 Subsequent years assessments or premiums 9 Total received from applicants and members items 1 to 8 10 Deduct payments returned to applicants and members 11 Net amount received from applicants and members 30 Amounts carried forward sum of balance from previous year and item 29 IIIDisbursements 7 Losses paid 13 Salaries of managers or agents not paid by commissions 14 Salaries of officers and trustees No 1 sec and treas 28 Other taxes State 32 Advertising printing and stationery 33 Postage express telegraph and telephone 35 Other legal expenses 38 Borrowed money 600 interest thereon 41 Agents commissions 47 Total disbursements items 1 to 46 IVLedger Assets 6 Deposited in trust companies and banks not on interest 9 Bills receivable Assessments due and unpaid 13 Total ledger assets NonLedger Assets 26 Supplies stationery and printed matter 30 Gross assets VLiabilities 3 Claim resisted No 1 Business in The State of Georgia During The Year 1 Policies or certificates in force December 31 1912 as per last statement 556432 50 1835 00 299 14 300 00 25 00 L4 85 29 00 100 00 3 33 184 12 2800 44 300 37 1078 94 1379 31 150 00 1529 31 500 00ComptrollerGenerals Report 825 2 Policies or certificates written during the year 28280 00 3 Policies or certificates increased during the year 10100 00 4 Totals 594812 50 5 Deduct terminated or decreased during the year 42468 00 6 Total benefit certificates in force December 31 1913 552344 50 THE FREE STATE CO OPERATIVE ASSESSMENT FIRE INSURANCE COMPANY G O Griffith President J T Baker Secretary G P Whitworth Attorney for Service IIIncome 1 Membership fees actually received 506 50 IIIDisbursements 11 Commissions and fees paid to agents on account of first years fees due assessments or premiums 145 30 14 Salaries of officers and trustees 21 64 23 Insurance department fees and licenses 25 00 25 Charter fee 100 00 26 Certified copy 2 50 32 Advertising printing and stationery 92 18 33 Postage express telegraph and telephone 2 22 35 Other legal expenses attorney for obtaining charter 50 00 47 Total disbursements items 1 to 46 438 84 48 Balance before transfers deduct item 47 from amount brought forward cash 67 66 Business in The State of Georgia During The Year 2 Policies or certificates written during the year 1913 173160 00 826 ComptrollerGenerals Beport THE GERMAN MUTUAL FIRE INSURANCE COMPANY Home Office 17 Bay St Savannah Ga C H Konemann President Fred Wessels Jr Secretary U H McLaws Attorney for Service in Georgia IIIncome 6 Premiums 1600G 57 7 Interest See 12 to 16 8 Guarantee fund 30084 85 12 Gross interest on mortgage loans 5804 32 13 Gross interest on bonds and dividends on stocks 785 02 14 Gross interest on collateral loans 268 50 15 Gross interest on deposits in trust companies and banks 336 00 17 Gross rents from associations property 210 00 18 Borrowed money 5932 14 Total income items 11 to 28 59427 40 IIIDisbursements 6 Fire loss 191 25 14 Salaries of officers and trustees No 3 3245 00 16 Salaries and other compensation of committees 225 00 17 Salaries of office employees No 2 857 50 23 Insurance Department fees and licenses 25 50 25 City taxes 205 00 27 Taxes on premiums 69 76 29 United States income tax 14 36 31 Rent 210 00 32 Advertising printing and stationery 866 24 33 Postage express telegraph and telephone sundries 619 70 35 Other legal expenses retainer 50 00 37 Furniture and fixtures 25 per cent off 220 06 38 Borrowed money 600000 interest thereon 187 71 40 Guarantee fund interest 5182 50 47 Total disbursements items 1 to 46 12169 58 IVLedger Assets 2 Mortgage loans on real estate first liens 99718 42 3 Loans secured by pledge of bondsstocks or other collateral 9450 00 4 Book value of stocks 13867 75ComptrollerGenerals Beport 827 5 Deposited in trust companies and banks on interest 11542 07 6 Deposited in trust companies and banks not on interest gen eral department balances 2407 40 9 Bills receivable 1777 38 10 Other ledger assets viz Furniture and fixtures 319 12 11 Ledger accounts 3339 24 13 Total ledger assets 142421 38 NonLedger Assets 25 10 per cent on amount of insurance in force 137952000 137952 00 30 Gross assets 280373 38 VLiabilities 1 Fire loss in process of adjustment 2107 09 22 Borrowed money 5932 14 24 Dividends due policyholders 4001 63 25 Interest due guarantors 985 27 26 Guarantee fund paid in 88387 10 30 Total liabilities 101413 23 VIIExhibit of Policies or Certificates 2 Policies written during the year 1379520 00 GEORGIA MUTUAL INDUSTRIAL LIFE AND HEALTH INSURANCE COMPANY Home Office Augusta Georgia G N Stoney President A M Sherrill Secretary 1 Balance from previous year 7921 08 IIIncome 1 Membership fees actually received 5175 47 3 Subsequent years assessments or premiums 124007 74 6 F S A 156 30 7 Eevivals 1085 99 9 Total received from applicants and members items 1 to 8 130425 50 10 Deduct payments returned to applicants and members 72 50 11 Net amount received from applicants and members 130353 00828 ComptrollerGenerals Eeport 13 Gross interest on bonds and dividends on stock 20 Deficiency 21 Other sources 22 Agents reserve bond 23 Agents reserve bond charged off 29 Total income items 11 to 29 30 Amounts carried forward sum of balance from previous year 792108 and item 29 IIIDisbursements 1 Death claims 3 Sick and accident claims 10 Total payments to members items 1 to 9 12 Commissions and fees paid to agents on account of subse quent 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 commit tees managers and agents 28 Other taxes Income 21812 city 125584 State and county 5144 total 31 Rent 32 Advertising express telegraph and telephone 34 Legal expense in litigating claims 37 Furniture and fixtures 40 District managers salaries 1104946 prot ass ind ins cos 6500 fire ins 2812 auditing foes 18222 spec sal 1290173 miscellaneous exp 218973 total 44 Agents balances charged off 47 Total disbursements items 1 to 46 IVLedger Assets 4 Book value of bonds 6 Deposited in trust companies and banks not on interest 7 Cash in association s office 8 Agents balances 11 General office equipment less 20 per cent 12 Advanced to officers 13 Total ledger assets 300 no 1063 30 77 51 68 12 103 38 131965 31 139886 39 6547 75 40023 45 46571 20 31045 06 5385 00 5126 12 4381 12 1525 88 1722 30 1094 24 83 88 762 16 26416 26 45 22 126641 48 5250 00 2513 25 403 94 3288 01 4000 00 2060 14 30760 25ComptrollerGenerals Report 829 VLiabilities 25 Reserve bond deposited by agents and superintendents 2056 50 27 Net premium reserve 9087 33 30 Total liabilities 11143 88 Business in the State of Georgia During the Year No 1 Policies or certificates in force December 31 1912 as per last state ment 21925 2 Policies or certificates written during the year38116 4 Total 60041 5 Deduct terminated or decreased during the year31215 6 Total benefit certificates in force December 31 1913i28826 7 Policies or certificates terminated by death during the year 366 8 Policies or certificates terminated by lapse during the year30849 GLOBE FIRE INSURANCE COMPANY Home Office 919 Austell Building Atlanta Ga W J Fletcher President A M McElvany Secretary IIIncome 2 First years assessments or premiums 3660 14 IIIDisbursements 6 Fire losses 1204 00 11 Commissions and fees paid to agents on account of first years fees dues assessments or premiums 17 Salaries of office employees No 1 24 Other licenses and fees 25 State charter and copy of same 29 City of Atlanta Ga 31 Rent 32 Advertising printing and stationery 33 Postage express telegraph and telephone 35 Other legal expenses 41 Towel service 47 Total disbursements items 1 to 46 3166 60 1028 60 352 40 00 on 102 50 50 00 198 00 65 00 60 50 55 00 11 00 830 ComptrollerGenerals Report IVLedger Assets 7 Cash in associations office officers trust 493 54 8 Agents balances debit 508 10 13 Total ledger assets 1001 64 NonLedger Assets 25 Office furniture machines fixtures and office supplies 350 00 30 Gross assets 1351 64 VLiabilities 5 Fire loss being repaired not completed contracted for 100 00 VIIExhibit of Policies or Certificates 2 Policies or certificates written during the year 278515 00 5 Deduct terminated during the year 141400 00 6 Total certificates in force December 31 1913 137115 00 11 Received during the year from members in Georgia 3660 14 VIIIExhibitof Death Claims No Amount 2 Claims incurred during the year 16 1304 00 4 Claims paid during the year 15 1204 00 5 Balance 1 100 00 THE GORDON COUNTY MUTUAL FIRE AND STORM INSURANCE COMPANY OF CALHOUN OA H B Herrington President F L Hicks Secretary 1 Balance from previous year 802 82 IIIncome 1 Membership fees actually received 59 40 2 First year s assessments or premiums No 5 6884 83 3 Subsequent years assessments of premiums No 6 1244 72 9 Total received from applicants and members items 1 to 8 7088 95 ComptrollerGenerals Report IIIDisbursements 6 Fire and storm losses paid 14 Salaries of officers and trustees 23 Insurance department fees and licenses 25 Registration fees to Secretary of State 27 Taxes on assessments or premiums 32 Advertising printing and stationery 33 Postage express telegraph and telephone 35 Other legal expenses IVLedger Assets 7 Cash in association s office NonLedger Assets 23 Fire assessments due and unpaid on last call made within sixty days on insurance in force and for which notices have been issued VLiabilities 5 Fire losses adjusted No 2 not due3 831 742 34 35 00 25 00 50 82 82 48 60 24 89 10 00 22 52 1300 00 1205 00 GUARANTEE FUND LIFE ASSOCIATION OF OMAHA NEBRASKA J C Buffington President J W Hughes Secretary 1 Balance from previous year 1021677 30 IIIncome 1 Membership fees actually received 246484 12 2 First years assessments or premiums 348612 04 3 Subsequent years assessments or premiums 268667 35 6 Fee for change of policies 6618 00 7 Fee for change of beneficiary and delinquency 1032 30 9 Total received from applicants and members items 1 to 8 871413 81 12 Gross interest on mortgage loans less 193984 accrued in terest on mortgages acquired during year of report 30992 86 13 Gross interest on bonds and dividends on stocks 500 00 15 Gross interest on deposits in trust companies and banks 815 27 16 Gross interest from all other sources 13926 53 29 Total income items 11 to 28 917648 47832 ComptrollerGenerals Eeport 30 Amounts carried forward sum of balance from previous year and item 29 1939325 77 31 Gross amount of membership fees required or represented by applications 156207 50 32 Gross amount of medical examiners fees 20552 88 IIIDisbursements 1 Death claims 181350 00 6 Cancellation of guarantee deposits 15628 60 7 Lapsed guarantee deposits 137501 00 10 Total payment to members items 1 to 9 334479 60 11 Commissions and fees paid to agents on account of first years fees dues assessments or premiums 167168 77 14 Salaries of officers and trustees No 5 1158 46 17 Salaries of office employees No 25 22909 00 19 Salaries and fees paid to medical examiners 20552 88 20 Traveling and other expenses of officers trustees and com mittees 959 53 21 Traveling and other expenses of managers and agents 189 10 22 Collection and remittance of fees dues assessments and pre miums 4402 72 23 Insurance department fees and licenses 4686 86 25 Items in suspense credited to expense fund December 1912 518 18 27 Taxes on assessments or premiums 2207 35 28 Other taxes 22 81 31 Kent 5413 91 32 Advertising printing and stationery 9624 60 33 Postage express telegraph and telephone 8489 40 34 Legal expense in litigating claims 72 00 35 Other legal expenses 1744 40 37 Furniture and fixtures 2606 96 38 Borrowed money and interest thereon 9400 00 40 Bank approval fees 9964S7 investigation of claims ami risks 347352 office supplies 334105 organization of new territory 75000 miscellaneous 40117 total 17930 61 46 Interest transferred from reserve fund to mortuary fund 1595 00 47 Total disbursements items 1 to 46 630132 18 48 Balance before transfers deduct item 47 from amount brought forward 1309193 59 IVLedger Assets 2 Mortgage loans on real estate first liens 646297 50 4 Book value of bonds 10000 00ComptrollerGeneral s Report 833 5 Deposited in trust companies and banks on interest 6 Deposited in trust companies and banks not on interest 7 Cash in associations office 8 Agents balances debit 959249 credit 85180 net 9 Bills receivable 10 Other ledger assets viz Reserve notes not yet due of members in good standing 11 Proceeds call No 48 due December 26 1913 13 Total ledger assets NonLedger Assets 32295 87 2882 22 468 77 8740 69 442 92 466668 15 141397 47 1309193 59 14 Interest accrued on mortgages 15 Interest accrued on bonds 10186 43 83 33 19 Total interest and rents due and accrued 10269 76 30 Gross assets 1319463 35 Deduct Assets Not Admitted 31 Agents debit balances 9592 49 32 Bills receivable 442 92 39 Total 40 Total admitted assets 10035 41 VLiabilities 4 Death claims reported but not yet adjusted No 9 5 Present value of deferred death and disability claims pay able in installments Unpaid balance 6 claims amount ing to 18600 payable 200 1000 and 800 per year for 8 9 and 10 years respectively at 4 per cent interest 22000 00 14916 80 6 Total death claims 36916 80 19 Salaries rents expenses bills and accounts due or accrued estimated 5000 00 21 Taxes due or accrued estimated 5000 00 30 Total liabilities 46916 80 834 ComptrollerGenerals Report guaranty mutual life and health insurance company Home Office Savannah Georgia Walter S Scott President L M Pollard Secretary Walter S Scott Attorney for Service in Georgia 1 Balance from previous year IIIncome 1 Membership fees actually received 2 Pirst years assessments or premiums 9 Total received from applicants and members items 1 to 8 10 Deduct paymentsreturned to applicants and members 11 Net amount received from applicants and members 13 Gross interest on bonds and dividends on stock 15 Gross interest on deposits in trust companies and banks 20 Account sale iron safe 29 Total income items 11 to 28 30 Amounts carried forward sum of balance from previous year and item 2 31 Gross amount of membership fees required or represented by applications 11T Disbu rsemonts 1 Death claims 3 Sick and accident claims 10 Total payments to members items 1 to 9 11 Commissions and fees paid to agents on account of first yi a r s fees dm assessments or premiums 12 Commissions and fees paid to agents on account of subse quent veins fees dues assessments or premiums 11 Salaries of officers ami trustees No i 17 Salaries id office employees No 10 19 Salaries and fees paid to medical examiners 20 Traveling and other expenses id officers trustees and com mittees 21 Traveling ami other expenses id managers and agents 23 Insurance department fees and licenses 25 Various city am county licenses 20 State treasurer 200 secretary id Slide 50 total 27 Taxes on assessments or premiums 31 Kent 7857 72 2599 70 69762 21 72361 91 63 85 72298 06 225 00 63 61 15 00 72001 07 80459 9 2599 70 3576 90 26305 00 29881 90 2599 70 17115 27 8323 29 2429 00 57 00 oo 00 725 18 239 68 52 00 o 50 65 35 810 24 COMPTROLLERGrENERALS EePORT 835 32 Advertising printing and stationery 1313 53 33 Postage express telegraph and telephone 460 26 34 Legal expense in litigating claims 53 00 35 Other legal expenses 87 80 37 Furniture and fixtures 25 00 40 Interest guaranty fund certificates 272 00 41 Auditing and sundries 240 00 42 Office expenses and incidentals 428 91 47 Total disbursements items 1 to 46 71747 27 48 Balance before transfers deduct item 47 from amount brought forward 8712 12 IVLedger Assets 2 Mortgage loans on real estate first liens 865 00 4 Book value of bonds 5225 00 5 Deposited in trust companies and banks on interest 906 54 7 Cash in association s office 1 67 8 Agents balances 89 41 10 Other ledger assets viz Furniture and fixtures 1624 50 13 Total ledger assets 8712 12 NonLedger Assets 14 Interest accrued on mortgages 14 19 25 Balance due on sale of safe 35 00 26 Net amount due or in process of collection from members 68582 22 30 Gross assets 77343 53 Deduct Assets Not Admitted 37 Annual payments not due net 66457 96 40 Total admitted assets 10885 57 VLiabilities 2 Advanee premiums or assessments 105 55 25 Reserve per Act August 1909 3891 36 26 Surplus 6888 66 30 Total liabilities 10885 57836 ComptbollerGeneeals Kepobt Business in the State of Georgia During the Year No 1 Policies or certificates in force December 31 1912 as per last statement10727 2 Policies or certificates written during the year17851 4 Totals 28679 5 Deduct terminated or decreased during the year 16454 6 Total benefit certificates in force December 31 1913 12225 7 Policies or certificates terminated by death during the year 194 8 Policies or certificates terminated by lapse during the year 16201 9 Policies or certificates terminated by returned pre miums during the year 11 Received during the year from members in Georgia Amount 294278 00 519900 00 814178 00 470143 00 344035 00 3576 90 464496 10 2070 00 72298 06 INDUSTRIAL LIFE AND HEALTH INSURANCE COMPANY Home Office 500 to 511 Austell Bldg Atlanta Ga J N McEachern President I M Sheffield Secretary Walter McElreath Attorney for Service in Georgia 1 Balance from previous year 71914 54 IIIncome 1 Membership fees actually received 23946 75 3 Subsequent years assessments or premiums 737707 40 9 Total received from applicants and members items 1 to 8 761654 IS 10 Deduct payments returned to applicants and members 1032 95 11 Net amount received from applicants and members 760621 20 12 Gross interest on mortgage loans 598 30 13 Gross interest on bonds and dividends on stock 1145 00 15 Gross interest on deposits in trust companies and banks 29 26 29 Total income items 11 to 28 762393 76 30 Amounts carried forward sum of balance from previous year mid item 29 834308 30 31 Gross amount of membership fees required or represented by applications 23946 75ComptrollerGeneral s Report IIIDisbursements 1 Death claims 3 Sick and accident claims 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 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 27 Taxes on assessments or premiums 29 State and county taxes 30 City taxes 31 Rent 32 Advertising printing and stationery 33 Postage express telegraph and telephone 35 Other legal expenses 37 Furniture and fixtures 40 Income certificates retired 41 Interest on income certificates 42 Exchange 43 Reinsuring Atlanta debit Home Friendly Society 44 Miscellaneous 47 Total disbursements items 1 to 46i 48 Balance before transfers deduct item 47 from amount brought forward 837 46897 25 258970 70 305867 95 303044 17 47944 32 12559 00 214 00 10585 29 722 25 2911 31 331 50 3307 81 8130 04 6024 44 3294 43 2283 80 1768 20 16000 00 3168 00 156 49 6000 00 3492 77 737805 77 96502 53 IVLedger Assets 2 Mortgage loans on real estate first liens 21800 00 4 Book value of bonds 34500 00 5 Deposited in trust companies and banks on interest 750 76 6 Deposited in trust companies and banks not on interest 38869 05 8 Agents balances 582 72 13 Total ledger assets 96502 53 NonLedger Assets 14 Interest accrued on mortgages 15 Interest accrued on bonds 396 15 384 16 19 Total interest accrued 780 31838 ComptrollerGeneral s Keport 25 Due from members 26 Estimated cost of collection 8696 65 2174 16 27 Total 28 Furniture and fixtures 29 Books and printing 8000 00 500 00 Total 30 Gross assets Deduct Assets Not Admitted 31 Agents debit balance 582 72 37 Furniture and fixtures 8000 00 38 Books and printing 500 00 39 Total 40 Total admitted assets VLiabilities 4 Death claims reported but not yet adjusted No 22 15 Sick and accident claims reported but not yet adjusted No 1363 16 Total sick and accident claims 20 Commissions to agents due or accrued 21 Taxes due or accrued 25 Printing 26 Miscellaneous 30 Total liabilities Business in the State of Georgia During the Year No 1 Policies or certificates in force December 31 1912 as per last statement 62683 2 Policies or certificates written during the year 67241 6522 49 8500 00 112305 33 9082 7 103222 61 805 00 5001 40 5806 40 553 35 4507 29 259 75 6 05 11132 84 Amount 1392675 00 970101 00 4 Totals129924 5 Deduct terminated or decreased during the year 59087 6 Total benefit certificates in force December 31 L913 70837 11 Received during the year from members in Georgia 2362776 00 779474 00 1583302 00 442187 60ComptrollerGenerals Report 839 MERCHANTS LIFE ASSOCIATION BURLINGTON IOWA John J Seerley President F J Kuhlemeier Secretary 1 Balance from previous year 988050 3o IIIncome 1 Membership fees actually received 110361 22 Reserve fund 219108 28 2 First year s assessments or premiums 4364o 70 3 Subsequent year s assessments or premiums 424228 43 6 Change beneficiary 219 50 7 Reinstatement fees 59o 00 9 Total received from applicants and members items 1 to 8 798158 18 10 Deduct payments returned to applicants and members 1095 5a 11 Net amount received from applicants and members 797062 58 12 Gross interest on mortgage loans less 37350 accrued in terest on bonds acquired during year of report 36573 02 13 Gross interest on bonds and dividends on stock less 3783 accrued interest on bonds acquired during year of report 722 17 15 Gross interest on deposits in trust companies and banks 2405 33 16 Gross interest from all other sources 5636 53 20 Future call fund VJ89 40 29 Total income items 11 to 28 844329 03 30 Amounts carried forward sum of balance from previous year and it in 29 1832379 38 31 Gross amount of membership fees required or represented by applications liV1 IIIDisbursements 1 Death claims 6 Guar fund ret to ben 10 Total payments to members items 1 to 9 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 subse quent years fees dues assessments or premiums ren com 14 Salaries of officers and trustees No 7 19 Salaries and fees paid to medical examiners 302501 10 90 50 302591 60 110623 25 11270 50 18065 21 16896 00 2250 00840 ComptrollerGeneral s Report 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 26 Calls paid out of future call fund 27 Taxes on assessments or premiums 30 Printing press account 31 Eent 32 Advertising 388595 printing 362315 and stationery 156791 total 33 Postage 1114846 express 35590 telegraph 71603 and telephone total 35 Otter legal expenses 35 Lapsed reserve notes 37 Furniture and fixtures 40 Miscellaneous 41 Medical examinations 42 Interest paid on advances 43 Inspection of risks 44 Agents balances charged off 47 Total disbursements items 1 to 46 3354 58 4551 59 3109 09 1527 40 8528 98 234 03 2339 00 9077 01 12220 39 900 20 9811403 1084 58 1543 69 18689 75 560 00 1527 06 1700 87 643418 72 IVLedger Assets 2 Mortgage loans on real estate first liens 802431 32 4 Book value of bonds 26258 75 5 Deposited in trust companies and banks on interest 114234 33 6 Deposited in trust companies and banks not on interest 175 01 8 Agents balances 4835 73 11 Reserve fund notes of members in good standing 241025 52 13 Total ledger assets 1188960 66 NonLedger Assets 14 Interest accrued on mortgages 15 Interest accrued on bonds 17 Interest accrued on other assets 2916063 206 71 532 29 19 Total interest and rents due and accrued 25 Mortuary calls to become due on benefit certificates but only to the extent necessary to meet outstanding claims call issued December 31 1913 29 Approximate mortuary income 100000 29899 63 18000 00 47889 63 30 Gross assets 1236860 29CoMPTROLLERGrENERAL s REPORT 841 Deduct Assets Not Admitted 31 Agents debit balances 4835 73 34 Book value of bonds and stocks over mar ket value 1188 75 36 Other items viz Eeserve fund notes 241025 52 39 Total 247050 00 40 Total admitted assets 989810 29 VLiabilities 4 Death claims reported but not yet adjusted No 9 18000 00 19 Salaries rents expenses bills and accounts due or accrued 15086 62 21 Taxes due or accrued estimated 8000 00 Advanced by directors 7000 and accrued interest 280 total 7280 00 25 Value of outstanding benefit certificates or policies as pro vided by 32 G A Chap 83 Iowa 362481 00 27 Future call fund 1008 49 30 Total liabilities 411856 11 Business in the State of Georgia During the Year No Amount 1 Policies or certificates in force December 31 1912 as per last statement 62 124000 00 2 Policies or certificates written during the year 21 42000 00 4 Totals 83 166000 00 5 Deduct terminated or decreased during the year 26 52000 00 6 Total benefit certificates in force December 31 1913 57 114000 00 8 Policies or certificates terminated by lapse during the year 26 52000 00 11 Received during the year from members in Georgia Mortu ary 65039 reserve 61888 expense 25214 total 1521 41842 ComptbolleeGenebals Report THE MUTUAL BENEFIT INDUSTEIAL INSUBANCE ASSOCIATION OF GEOEGIA Home OfEiee Savannah Georgia t td if J M Wood Secretary Aaron Bouzm President d 10 295 73 1 Balance from previous year IIIncome 1 Membership fees actually received 5 4j 5j 2 First years assessments or premiums 132 50 6 Full benefit fees 9 Total received from applicants and members items 1 to 8 129278 10 Deduct payments returned to applicants and members 11 Net amount received from applicants and members 128288 95 13 Gross interest on bonds and dividends on stock 225 00 16 Gross interest from all other sources 20 Cash bonds deposited by agents 61 21 Advanced by A Rouzin 22 Sundry sources 29 Total income items 11 to 28 136901 98 30 Amount carried forward sum of balance from previous year OQs 149197 71 and item 29 IIIDisbursements 1 Death claims 20 00 3 Sick and accident claims 45058 65 11 Commissions and fees paid to agents on account of first years fees dues assessments or premiums 54370 53 13 Salaries of managers or agents not paid by commissions 104 12 50 14 Salaries of officers and trustees 8160 00 17 Salaries of office employees 956 l7 18 Other compensation of office employees 4879 23 19 Salaries and fees paid to medical examiners 157 00 20 Traveling and other expenses of officers trustees and com mittees 250 00 21 Traveling and other expenses of managers and agents 1772 00 23 Insurance department fees and licenses 190 00 24 Other licenses and fees 692 42 31 Rent 2073 f 32 Advertising printing and stationery 2292 26 33 Postage express telegraph and telephone 787 91 34 35 37 40 41 42 43 47 48 4 6 7 8 9 13 25 26 30 1 12 18 23 25 26 30 104 Hi 17 00 1011 47 415 00 535 30 22 95 277 25 137155 65 12042 06 5000 00 138 20 1767 88 307 93 4828 05 ComptbollebGeneeals Repobt 843 Legal expense in litigating claims Other legal expenses Furniture and fixtures Auditing Branch office expenses Exchange or checks Cash prizes to agerts Total disbursements items 1 to 46 Balance before transfers deduct item 47 from amount brought forward IVLedger Assets Book value of bonds and stocks Deposited in trust companies and banks not on interest Cash in associations office Agents balances net Bills receivable Total ledger assets 12042 06 NonLedger Assets Furniture and fixtures 2295 73 Weekly premiums due and unpaid 1932330 less estimated cost of collection 38646 1545 84 Gross assets VLiabilities Death claims due and unpaid Sick and accident claims due and unpaid Total unpaid claims 896 40 Advance premiums or assessments 329 65 Reserve Act August 1909 6725 25 Surplus 7932 33 Total liabilities 15883 63 Business in the State of Georgia During the Tear No Amount Policies or certificates in force December 31 1912 as per last statement20187 387757 15 Policies or certificates written during the year 35867 Totals 56054 Deduct terminated or decreased during the year 35300 Total benefit certificates in force December 31 1913 20754 396520 00 15883 63 195 00 701 40844 ComptrollerGenerals Report NATIONAL LITE ASSOCIATION Home Office 10th Floor S L Bldg Des Moines la Henry Pyle President Guy Barker Secretary 1 Balance from previous year 740879 58 II Income 1 Membership fees actually received 187531 40 2 First year s assessments or premiums 85214 83 3 Subsequent years assessments or premiums 319724 56 6 Change of beneficiary 136 02 7 Conversion of policies 2322 20 8 Agents commissions 13617 44 9 Total received from applicants and members items 1 to 8 608546 45 10 Deduct payments returned to applicants and members 19149 15 11 Net amount received from applicants and members 589399 30 12 Gross interest on mortgage loans less 309 accrued interest on mortgages acquired during year of report 20718 99 14 Gross interest on reserve fund notes 6635 91 29 Total income items 11 to 28 616954 20 30 Amounts carried forward sum of balance from previous year and item 29 1357633 78 IIIDisbursements 1 Death claims 230867 25 11 Commissions and fees paid to agents on account of first years fees dues assessments or premiums 171383 43 12 Commissions and fees paid to agents on account of subse quent years fees dues assessments or premiums re newals 14009 39 13 Salaries of managers or agents not paid by commission 2100 00 14 Salaries of officers and trustees No 10 22147 92 17 Salaries of office employees 13202 15 19 Salaries and fees paid to medical examiners 15888 18 21 Traveling and other expenses of managers and agents 977 39 22 Collection and remittance of fees dues assessments and premiums 2912 11 23 Insurance department fees and licenses 2754 93 27 Taxes on assessments or premiums 3972 60 31 Kent 2726 57 32 Advertising printing and stationery 5250 52 CompteolleeGteneeals Repoet 845 33 Postage express telegraph and telephone 4899 64 34 Legal expense in litigating claims 2325 54 35 Other legal expenses 1343 37 37 Furniture and fixtures 4099 47 38 Borrowed money 2074490 interest thereon 53334 21281 24 40 Inspection of risks 3409 49 41 Sundries 1588 37 42 Lapsed reserve fund notes 45652 00 47 Total disbursements items 1 to 46 573281 57 IVLedger Assets 2 Mortgage loans on real estate first liens 424125 00 6 Deposited in trust companies and banks not on interest 87255 85 7 Cash in associations office Impress 50000 deposit made up 105901 checks in office 356867 total 5128 18 9 Bills receivable notes not yet due 272984 84 11 Less premiums paid in advance trust fund 739 69 12 Overdraft at bank 4407 97 13 Total ledger assets 784346 21 NonLedger Assets 14 Interest due 116550 and accrued 1057085 on mort gages 17736 35 23 Mortuary assessments due and unpaid on last call made within sixty days on insurance in force and for which notices have been issued 40000 00 30 Gross assets 842082 56 Deduct Assets Not Admitted 32 Bills receivable notes not yet due 272984 84 40 Total admitted assets 569097 72 VLiabilities 3 Death claims resisted No 5 15000 00 4 Death claims reported but not yet adjusted No 10 25000 00 6 Total death claims 40000 00 19 Salaries rents expenses bills and accounts due or accrued 291 87 21 Taxes due or accrued 4000 00 22 Borrowed money 5000 00 25 Contingent liability case in Superior Court 8693 00 30 Total liabilities 57984 87846 ComptbollebGtenerals Report N C MUT AND PEOV ASSOCIATION Home Office Durham North Carolina John Merrick President Dr A M Moore Secretary Jno L Wheeler Attorney for Service in Georgia IIIncome 1 Membership fees actually received 127400 20 2 First years assessments or premiums 350613 87 12 Gross interest on mortgage loans 451 16 13 Gross interest on bonds and dividends on stock 1065 00 17 Gross rents from associations property 5508 60 20 Retired notes 672 72 30 Amounts carried forward sum of balance from previous year and item 29 485911 55 IIIDisbursements 1 Death claims 64408 13 2 Disability claims 99946 75 6 Matured endowments 1761 36 7 Lapsed loans 1162 82 10 Total payment to members items 1 to 9 167179 06 11 Commissions and fees paid to agents on account of first years fees dues assessments or premiums 1566 08 12 Commissions and fees paid to agents on account of subse quent years fees dues assessment or premiums 92944 04 13 Salaries of managers or agents not paid by commissions 7811 85 14 Salaries of officers and trustees No 22 home office 30530 82 is Other compensation of office employees 4537 33 19 Salaries and fees paid to medical examiners 8166 75 23 Insurance department fees and licenses 277 61 26 Municipal license 1639 27 27 Agents license 453 00 29 Taxes on real estate 1273 37 30 Fire insurance premium 217 17 31 Kent including 550 for associations occupancy of its own buildings 2648 88 32 Advertising printing and stationery 5573 72 33 Postage express telegraph and telephone 6639 18 35 Other legal expenses 756 60 lit Repairs and expenses on real estate other than taxes 3079 31 37 Furniture and fixtures 612 98 4 I Premium on bonds charged off 1195 75ComptrollerGenerals Report 847 44 Agents balances charged off 1159 44 45 Gross loss on sale or maturity of ledger assets viz Real estate 250 00 IVLedger Assets 1 Book value of real estate 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other collat eral 4 Book value of bonds 41000 stocks 2000 total 5 Deposited in trust companies and banks on interest Cola S G 6 Deposited in trust companies and banks not on interest 7 Cash in associations office 8 Agents balances 9 Bills receivable 10 Other ledger assets viz Policy loans 13 Total ledger assets 65456 50 9753 40 1000 00 43000 00 5000 00 17691 03 9 00 930 97 1227 22 1261 22 144629 34 NonLedger Assets 14 Interest clue and accrued on mortgages 15 Interest due and accrued on bonds 17 Interest on deposit Cola S C 19 Total interest and rents due and accrued 20 Market value of real estate over book value 26 Furniture fixtures and safes 27 Advertising printing and stationery 28 Agents balances 29 Total 315 49 805 33 100 00 100 00 1328 82 6000 00 800 00 185 19 8658 49 Deduct Assets Not Admitted 36 Furniture and fixtures 6000 00 37 Advertising printing and stationery 800 00 38 Total 40 Total admitted assets 6800 00 144089 97 VLiabilities 1 Death claims due and unpaid No 7 2 Endowment unpaid 215 50 1000 00848 ComptrollerGenerals Eeport 12 Net reserve 81105 00 19 Salaries rents expenses bills and accounts due or accrued 750 00 23 Advance premiums or assessments 1500 00 25 Medical examinations 425 00 26 Awaiting dividends declared 1000 00 27 Extended taxes 6500 00 28 Surplus 51594 47 30 Total liabilities 144089 97 Business in the State of Georgia During the Year No Amount 1 Policies or certificates in force December 31 1912 as per last statement 10916 432982 00 2 Policies or certificates written during the year 17476 642319 00 4 Totals 28392 1075301 00 5 Deduct terminalcd or decreased during the year 13545 354523 00 6 Total benefit certificates in force Dec 31 191314847 720778 00 PILGRIM HEALTH AND LIFE INSURANCE COMPANY 11 Young President T T Walker Secretary Hon William A Wright Attorney for Service in Georgia 1 Balance from previous year 34392 52 IIIncome 1 Membership fees actually received 9713 25 2 First years assessments or premiums 251562 32 9 Total received from applicants and members items 1 to 8 261275 57 10 Deduct payments returned to applicants and members 125 71 11 Net amount received from applicants and members 261149 86 12 Gross interest on mortgage loans 307 39 13 Gross interest on bonds and dividends on stock 200 00 15 Gross interest on deposits in trust companies and banks 76 30 17 Gross rents from associations property 1314 70 20 Deficiency 1613 96 21 Miscellaneous 104 38 29 Total income items 11 to 28 264766 59ComptrollerGeneral s Report 849 30 Amounts carried forward sum of balance from previous year and item 29 299159 11 IIIDisbursements 1 Death claims 17316 50 3 Sick and accident claims 88422 43 10 Total payments to members items 1 to 9 105738 93 11 Commissions and fees paid to agents on account of first years fees dues assessments or premiums 67380 03 13 Salaries of managers or agents not paid by commissions 47755 15 14 Salaries of officers and trustees 3642 33 17 Salaries of office employees 6015 54 21 Traveling and other expenses of managers and agents 4433 64 23 Insurance department fees and licenses 169 00 24 Other licenses and fees 1700 00 27 Taxes on assessments or premiums 746 44 31 Eent including 600 for associations occupancy of its own buildings 2162 80 32 Advertising printing and stationery 4027 80 33 Postage express telegraph and telephone 1976 68 34 Legal expense in litigating claims 299 87 36 Repairs and expenses on real estate other than taxes 216 06 39 All other disbursements Miscellaneous 143326 re deemed income certificates 50000 light and fuel 19325 interest on note 1478 auditing 37297 emergency 168193 interest on income certificates 50100 total 4697 19 47 Total disbursements items 1 to 46 250961 68 48 Balance before transfers deduct item 47 from amount brought forward 48197 43 IVLedger Assets 1 Book value of real estate 9039 52 2 Mortgage loans on real estate 4100 00 4 Book value of bonds and stocks 5200 00 5 Deposited in trust companies and banks on interest 7950 45 6 Deposited in trust companies and banks not on interest 16262 62 7 Cash in associations office 260 80 8 Agents balances debit 1434327 credit 1056565 net 3777 62 10 Other ledger assets viz Furniture and fixtures 105642 cash funds 55000 total 1606 42 13 Total ledger assets 48197 43850 ComptrollerGenerals Eeport NonLedger Assets 14 Interest on mortgages 234 66 15 Interest on bonds 100 00 17 Interest on other assets 19f 7 18 Eents 7 75 19 Total interest and rents due and accrued 611 17 30 Gross assets 48808 60 Deduct Assets Not Admitted 31 Agents debit balances 3777 62 40 Total admitted assets 45030 98 VLiabilities 12 Sick and accident claims due and unpaid No 394 1102 75 21 Taxes due or accrued 251 00 25 Bills payable 200 00 26 Agents reserve 3422 67 30 Total liabilities 4976 4 Business in The State of Georgia During The Year No Amount 1 Policies or certificates in force December 31 1912 as per last statement40558 1020890 00 2 Policies or certificates written during the year47081 1414240 00 4 Totals8763i1 2435130 00 5 Deduct terminated or decreased during the year 3776s 1231010 00 6 Total benefit certificates in force December 311913 49871 1204120 00 7 Policies or certificates terminated by death during the year 862 17316 50 8 Policies or certificates terminated by lapse during the year 36096 1213693 50ComptrollebGesterals Report 851 SOUTH GEORGIA FARMERS ASSESSMENT FIRE INSURANCE COMPANY C L Heald President Robert Alexander Secretary E L Neel Attorney for Service IIIncome 1 Membership fees actually received 189 65 6 Asst and members 2151 47 9 Total received from applicants and members items 1 to 8 2341 56 IIIDisbursements 7 Paid by asst on loss of property by fire 2057 65 23 Insurance department fees and licenses 25 00 25 Agents fees and directors fees 254 61 27 Taxes on assessments or premiums 4 30 41 Total disbursements 2341 56 VLiabilities 26 To incorporators for expenses of organization 156 00 SUNLIGHT INSURANCE COMPANY Home Office 142678 Empire Bldg Atlanta Ga S J Sheffield President C A Penn IIIncome 9 Total received from applicants and members IIIDisbursements 1 Fire claims 7 Returned premiums 10 Total payments to members items 1 to 9 13 Salaries of managers or agents not paid by commission 14 Salaries of officers anil i rustees 23 Insurance department fees and licenses 24 Other licenses and fees City Secretary 25107 22 3291 23 52 61 3343 84 18059 48 925 00 48 62 50 00 852 ComptrollerGenerals Report 81 Bent 5i0 00 32 Advertising printing and stationery I415 12 33 Postage express telegraph and telephone 293 53 35 Other legal expenses attorney fees I85 30 37 Furniture and fixtures 213 25 47 Total disbursements 25074 14 IVLedger Assets 6 Deposited in trust companies and banks not on interest 1G8 71 7 Cash in associations office 13 Total ledger assets 497 61 NonLedger Assets 25 Net amount due from members 32457 75 26 Office furniture 650 00 27 Books and blanks 450 00 30 Gross assets 34055 36 VLiabilities 24 All other liabilities This company has no liabilities as we pay all claims each week We have no net ad vance payments on our debit net arrears 682 92 VIIExhibit of Policies or Certificates No Amount 1 Policies or certificates in force December 31 1912 as per last statement 5288 686000 00 2 Policies or certificates written during the year 8258 1126650 00 4 Totals 13546 1812650 00 5 Deduct terminated or decreased during the year 7514 985150 00 6 Total benefit certificatesin force December 31 1913 6032 827500 00ComptrollerGenerals Report 853 THE UNION MUTUAL ASSOCIATION T W Walker President G S Norman Secretary Hon W A Wright Attorney for Service in Georgia 1 Balance from previous year IIIncome 1 Membership fees actually received 3 Subsequent years assessments or premiums 6 F S A endorsement 40105 revival 161600 total 7 Deficiency 8 Cash other sources 9 Total received from applicants and members items 1 to 8 10 Deduct payments returned to applicants and members 11 Net amount received from applicants and members 13 Gross interest on bonds and dividends on stock 14 Gross interest on collateral loans 20 Agents reserve bond written off 21 Adjustments 24 Net ledger loss 29 Total income items 11 to 28 30 Amounts carried forward sum of balance from previous year and item 29 IIIDisbursements 1 Death claims 3 Sick and accident claims 10 Total payments to members items 1 to 9 12 Commissions and fees paid to agents on account of subse quent years fees dues assessments or premiums 13 Salaries of managers or agents not paid by commissions 14 Salaries of officers and trustees 17 Salaries of office employees 20 Traveling and other expenses of officers trustees and com mittees 21 Traveling and other expenses of managers and agents 24 Other licenses and fees City State and county 27 Taxes on assessments and premiums 29 Licenses for districts 18142 29 4274 49 197485 75 2017 05 1637 49 75 01 205489 79 311 88 205177 91 190 28 16 20 42 82 14 90 969 75 206411 86 224554 15 12787 54 76860 00 89647 54 44058 87 35647 80 6200 00 7510 75 528 92 4082 96 1124 87 121 35 1467 40 854 ComptkollerGenerals Report 31 Rent 32 Advertising printing and stationery 33 Postage express telegraph and telephone 34 Legal expense in litigating claims 35 Other legal expenses 40 Miscellaneous 41 Auditor a fee 42 Fire insurance premium 44 Agents balances charged off 47 Total disbursements items 1 to 46 IVLedger Assets 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 8 Agents balances 9 Bills receivable 10 Other ledger assets viz Furniture and fixtures 11 Reserve on districts 13 Total ledger assets NonLedger Assets 15 Interest due on bonds 23 Premiums due and unpaid on insurance in force 30 Gross assets Deduct Assets Not Admitted 31 Agents debit balances 890 13 32 Bills receivable 662 52 36 Other items viz Furniture and fixtures 6200 90 39 Total 40 Total admitted assets VLiabilities 13 Sick and accident claims adjusted not yel due No 12 14 Sick and accident claims resister No 575 2867 28 6207 60 1926 31 44 05 1425 SO 2009 28 1290 00 12 00 91 20 206263 98 6125 00 lliiii 00 3308 77 1497 85 899 13 662 52 6200 90 105 00 18290 17 150 00 4191 45 22635 62 7753 55 14882 07 336 00 1725 00 18 Total unpaid claims 2061 00ComptrollerGenekal s Report 19 Salaries 21 Taxes due or accrued Atlanta city income 25 Agents bond reserve 30 Total liabilities Business in the State of Georgia During the Year No 1 Policies or certificates in force December 31 1912 as per last statement23501 2 Policies or certificates written during the year 28304 4 Totals61805 5 Deduct terminated or decreased during the year 28378 6 Total benefit certificates in force December 31 1913 33427 7 Policies or certificates terminated by death during the year 608 8 Policies or certificates terminated by lapse during the year 27770 855 842 92 137 00 2077 71 5250 65 Amount 418272 25 271081 50 789354 75 361819 50 427535 25 12787 54 349031 96 THE UNITED STATES HEALTH AND LIFE INSURANCE COMPANY Home Office Atlanta Georgia A McD Wilson President F W Stokes Secretary F W Stokes Attorney for Service in Georgia 1 Balance from previous year 3710 00 IfIncome 1 Membership fees actually received 4546 45 2 First years assessments or premiums 65872 95 9 Total received from applicants and members items 1 to 8 70419 40 10 Deduct payments returned to applicants and members 349 20 11 Net amount received from applicants and members 70070 20 12 Gross interest on mortgage loans I020 97 13 Gross interest on bonds and dividends on stock 575 00 20 From agents contracts 38 34 21 From license fees collected from agents 104 50856 ComptrollerGenerals Report 79112 53 116822 53 22 From amount paid in to surplus fund during year by stock holders 6953 52 29 Total income items 11 to 28 30 Amounts carried forward sum of balance from previous year and item 29 IIIDisbursements 1 Death claims 3 Sick and accident claims 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 4 19 Salaries and fees paid to medical examiners 20 Traveling and other expenses of officers trustees and com mittees 21 Traveling and other expenses of managers and agents 23 Insurance department fees and licenses 25 Municipal licenses 29 State and county 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 40 Sundry expenses 41 Exchange 47 Total disbursements items 1 to 46 IVLedger Assets 2 Mortgage loans on real estate first liens 4 Book value of bonds 6 Deposited in trust companies and banks not on interest 7 Cash in companys office 9 Bills receivable 11 Furniture and fixtures 13 Total ledger assets 33194 62 1830 40 25887 65 27718 05 44037 22 2310 00 3541 08 80 00 419 64 5 00 128 00 262 18 129 51 1733 08 1274 97 395 74 46 90 200 00 59 00 1270 86 6 38 83627 91 15000 no 15000 00 1766 23 705 00 524 14 199 25 14 25 26 CompteolleeGeneeal s Report NonLedger Assets Interest accrued on mortgages Premiums due and unpaid Deduct 25 per cent estimated cost of col lection 1617 45 404 36 30 32 40 2 13 18 19 21 25 26 27 28 30 Balance Gross assets i Deduct Assets Not Admitted Bills receivable Total admitted assets S VLiabilities Death claims adjusted not yet due No 4 Sick and accident claims adjusted not yet due No 165 Total unpaid claims Salaries rents expenses bills and accounts due or accrued Taxes due or accrued Premiums paid in advance Reserve on outstanding policies December 31 1913 Capital stock Surplus 857 161 07 1213 09 34568 78 524 14 34044 64 65 00 597 85 662 85 798 34 50 14 72 45 1586 16 25000 00 5874 70 34044 64 Total liabilitiesi Business in the State of Georgia During the Year Total benefit certificates in force December 31 1913 177376 00 MISCELLANEOUS THE AETNA ACCIDENT AND LIABILITY COMPANY Home Office Hartford Connecticut M G Bulkely President J Scofield Roue Secretary Comptroller General 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 2670730 54 IIIncome 1 Gross premiums written and renewed during the year Liability 26559288 fidelity 8937815 surety 367 16378 plate glass 16411980 burglary and theft 25126930 sprinkler 10812071 fly wheel 766077 auto and team property damage 84439728 totals 2097702 67 2 Deduct reinsurance Liability 17912930 fidelity 515828 surety 3017384 plate glass 4001 burglary and theft 18225 35 sprinkler 1557965 fly wheel 160090 auto and teams prop erty damage 605142 total 255958 75 3 Deduct return premiums on policies ran celled Liability 2605196 fidelity 6 50666 surety 2265706 plate glass 691692 burglary and theft 1751424 sprinkler 806525 fly wheel 81542 auto and teams property damage 85 24420 total 173771 71 4 Deduct premium on policies not taken Lia bility 3873142 fidelity 403516 surety 1350200 plate glass 30 68736 burglary and theft 3580175 sprinkler 3036201 fly wheel 127763 auto and teams property damage 140 44767 total 294845 00 5 Total deductions Liability 24391268 fidelity 15ComptkollerGeneeals Report 859 70010 surety 6633290 Plate glass 3764429 burglary and theft 7154134 sprinkler 5400691 fly wheel 369395 auto and teams property damage 23174329 total 724585 46 6 Net premiums Liability 2168020 fidelity 7367805 surety 30083088 plate glass 12647551 burglary and theft 17972796 sprinkler 5411380 fly wheel 396682 auto and teamsproperty damage 61265399 total 1373127 21 23 Gross interest on mortgage loans 34860 86 24 Gross interest on collateral loans 7037 18 25 Gross interest on bonds and dividends on stocks less 16944 accrued interest on bonds acquired during 1913 58302 60 26 Gross interest on deposits in trust companies and banks 2197 76 28 On surety collateral deposits unclaimed 4 90 29 On notes accounts bills receivable 6 53 31 Total gross interests 102409 83 41 Total income 1475537 04 IIIDisbursements 1 Gross amount paid for losses Liability 3021713 fidelity 357299 surety 2728747 plate glass 4878576 burglary and theft 6236568 sprinkler 2830372 auto and teams property damage 19915862 total 399691 37 2 Deduct reinsurance liability 2640243 plate glass 8811 burglary and theft 205237 sprinkler 524485 total 33787 76 3 Deduct salvage Liability 10100 fidelity 50930 surety 127045 plate glass 37309 burglary and theft 77128 sprinkler 55038 auto and teams prop erty damage 281000 total 6385 50 40173 26 4 Total deduction Liability 2650343 fidelity 50930 surety 127045 plate glass 046120 burglary and theft 282365 sprinkler 579523 auto and teams property damage 281000 total 5 Net amount paid policyholders for losses Liability 3 71370 fidelity 306369 surety 2601702 plate glass 4832456 burglary and theft 5954203 sprin kler 2250849 auto and teams property damage 196 34862 total 359518 11860 A ComptrollerGenerals Report 18 Investigation and adjustment of claims viz Liability 40 93 20 Fidelity 37589 surety 64402 total 1019 91 21 Burglary and theft 247934 sprinkler 45329 total 2932 63 22 Auto and teams property damage 11946 53 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Lia bility credit 1226220 fidelity 1469334 surety 66 37011 plate glass 3768672 burglary and theft 47 15282 sprinkler 1116493 total 298383 21 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees including trav eling expenses 152098 17 30 Salaries traveling and all other expenses of agents not paid by commissions 34164 96 32 Inspection other than medical and claim 10502 77 33 Rents 9335 05 36 State taxes on premiums 12894 28 37 Insurance department licenses and fees 7775 81 39 Federal corporation tax 1214 20 40 Municipal and county tax 1769 51 41 Capital stock tax 18200 00 43 Legal expenses 933 34 44 Advertising 20948 53 45 Printing and stationery 35891 94 46 Postage telegraph telephone and express 18363 52 47 Furniture and fixtures 15284 02 48 Stockholders for interest or dividends amount declared during the year 80000 80000 00 51 Sundry expenses 6054 38 51 Investment expense 2950 51 54 Agents balances charged off 881 70 55 Gross loss on sale or maturity of ledger assets viz Stocks 301 00 57 Total disbursement 1103405 01 IVLedger Assets 2 Mortgage loans on real estate first liens 558281 25 3 Loans secured by pledge of bonds stocks or other collat erals 182950 00 4 Book value of bonds 110987604 and stocks 62138400 total 1731260 49 5 Cash in company s office 566 67 6 Deposits in trust companies and banks not on interest 118323 48 7 Deposits in trust companies and banks on interest 115895 92 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1913 Liability 3482022 fidelity 1395007 surety 4798803ComptrollerGenerals Keport 861 plate glass 2867738 burglary and theft 3803152 sprinkler 1330185 fly wheel 209904 auto and teams prop erty damage 11790330 total 296771 41 On policies or renewals issued prior to Octo ber 1 1913 Liability 316527 fidelity 254550 surety 1495829 plate glass 191710 burglary and theft 128287 sprinkler 93422 fly wheel 6620 auto and teams property damage 981806 total 34687 51 25 Total 331458 92 26 Bills receivable and suspense accounts 3348 23 28 Advance traveling expenses salaries and commissions 777 61 31 Ledger assets 3042862 57 NonLedger Assets 32 Interest accrued on mortgages 33 Interest accrued on bonds 34 Interest accrued on collateral loans 35 Interest accrued on other assets Bank balances 40 Market value not including interest in item 33 of bonds and stocks over book value 42 Due from reinsurance companies paid 44 Gross assets 15876 59 14752 08 1094 58 328 66 47004 51 592 76 3122511 75 Deduct Assets Not Admitted 46 Bills receivable and suspense accounts 3348 23 50 Premiums in course of collection written prior to October 1 1913 34687 51 53 Advance traveling expenses salaries and commission 777 61 54 Total 38813 35 57 Admitted assets 3083698 40 VLiabilities 2 Losses and claims reported or in process of adjustment Lia bility 915480 surety 1840000 plate glass 2 10748 burglary and theft 704500 sprinkler 51756 auto and teams property damage 2965812 total 66882 96862 ComptrollerGenerals Eeport 3 Losses and claims incurred but not reported Fidelity 45774 surety 92000 plate glass 10537 burglary and theft 35225 auto and teams property damage 2 85000 total 4 Losses and claims resisted Fidelity 1500000 burglary and theft 280000 sprinkler 12500 auto and teams property damage 1582711 total i 5 Total losses and claims Fidelity 2401254 surety 19 32000 plate glass 221285 burglary and theft10 19725 sprinkler 64256 auto and teams property dam age 4833523 total 6 Deduct reinsurance Burglary and theft 126250 sprin kler 5882 total 7 Net unpaid claims except liability and workmens comp claims excluding expenses of investigation and ad justment Fidelity 2461254 surety 1932000 plate glass 221285 burglary and theft 893475 sprinkler 58374 auto and teams property damage 4833523 total 17 Special reserve for unpaid liability and wkmns compen sation losses 20 Total unpaid claims 21 Estimated expenses of investigation and adjustment of un paid claims Fidelity 123063 surety 96600 plate glass 11064 burglary and theft 44674 sprinkler 02919 auto and teams property damage 241676 total 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 122423202 un earned premiums fifty per cent 612116 02 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 13329772 un earned pro rata 82090 78 46S536 33752 11 105320 43 1321 32 103999 11 1000 00 104999 11 5199 96 28 Total unearned premiums as shown by recapitulation 694206 80 29 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1913 Liability 870505 Fidelity 2 99926 surety 1084529 plate glass 888999 bur glary and theft 946985 sprinkler 226131 fly wheel 52476 auto and teams property damage 2723566 total 70931 17 ComptrollerGenerals Report 863 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 40 Reinsurance 41 Advance premiums one hundred per cent 43 Investment expense account loans on mortgages 44 Capital stock tax 52 Capital actually paid up in cash 1000000 00 53 Surplus over all liabilities 1136039 94 3706 49 17744 27 28795 45 1010 43 1034 78 25000 00 54 Surplus as regards policy holders 2131039 94 55 Total liabilities 3083698 40 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or re newed during the year Liability 500 fidelity 78853 surety 285086 plate glass 102598 burglary and theft 155432 sprinkler 240842 auto and teams property damage 2039904 total Gross losses paid Fidelity 4440 plate glass 38006 bur glary and theft 147257 sprinkler 10000 auto and teams property damage 1313866 total 29032 15 15135 69 AMERICAN BONDING COMPANY OF BALTIMORE Home Office Fidelity Building Baltimore Maryland George Cator President Wm E P Duvall Secretary ICapital Stock 1 Amount of capital paid up in cash 750000 00 2 Amount of ledger assets as per balance December 31st of previous year 3028732 62 4 Extended at 3028732 62 IIIncome 1 Gross premiums written and renewed during the year Fidel ity 19195484 surety 63689923 burglary and theft 7977051 total 90862458864 ComptrollerGenerals Eeport 2 Deduct reinsurance Fidelity 18439433 surety 61819982 burglary and theft 11803554 total 3 Deduct return premiums on policies can celled Fidelity 2388943 surety 47 86337 burglary and theft 1217682 total 4 Deduct premiums on policies not taken Fidelity 1728809 surety 11984888 burglary and theft 1658289 total 920529 69 83929 62 153719 86 5 Total deductions Fidelity 22547185 surety 78591207 burglary and theft 14679525 total 1158179 17 6 Net premium Fidelity 3351701 surety 14901284 burglary and theft 6702474 total 23 Gross interest on mortgage loans 25 Gross interest on bonds and dividends on stocks less 25078 accrued interest on bonds acquired during 1913 26 Gross interest on deposits in trust compa nies and banks 29 Branch office bank accounts 30 Gross rents from companys property 328 40 06694 88 6837 68 335 09 834 55 31 Total gross interest and rents 33 Income from investments of collateral deposits during year 34 Interest and expenses paid on collateral deposits during year 35 Profit and loss 37 From agents balances previously charged off 38 Gross profit on sale or maturity of ledger assets viz Bonds 31250 stocks 395050 total 39 Gross increase by adjustment in book value of ledger as sets viz Bonds 249554 59 75030 60 9518 29 8084 01 710 37 288 16 4263 00 1000 00 40 Total income 166828 18 IIIDisbursements 1 Gross amount paid for losses Fidelity 8909848 surety 30714114 burglary and theft 7340248 total 469642 10 2 Deduct reinsurance Fidelity 0225293 surety 15210034 burglary and theft 3611312 total 250466 39ComptrollerGenerals Report 865 3 Deduct salvage Fidelity 480134 surety 2214523 burglary and theft 28978 total 27236 35 4 Total deduction Fidelity 6705427 surety 17424557 burglary and theft 3640290 total 5 Net amount paid policyholders for losses Fidelity 22 04421 surety 13289557 burglary and theft 36 99958 total 18 Investigation and adjustment of claims vizFidelity 2 95021 burglary and theft 230497 surety 686361 total 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Fidelity 3004471 burglary and theft 2078105 surety 9837858 total 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 32 Inspection other than medical and claim 33 Rents 34 Repairs and expenses other than taxes on real estate 35 Taxes on real estate 36 State taxes on premiums 37 Insurance department licenses and fees 39 Federal corporation tax 40 Municipal licenses 41 Tax on capital stock etc 42 Paid to Fidelity Deposit Co of Md under terms of en closed reinsurance agreement 43 Legal expenses 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone and express 47 Furniture and fixtures credit 48 Stockholders for interest or dividends amount declared dur ing the year 570000 50 General miscellaneous expenses 51 Net decrease of advance premiums for year 52 Net decrease of unpaid reinsurance for year 53 Depreciation in market value of collateral deposit depart ment investments during year 54 Agents balances charged off 55 Gross loss on sale or maturity of ledger assets viz Bonds 4512750 stocks 275000 total 277702 74 191939 36 12118 79 149204 44 96385 37 89916 20 5910 03 15707 35 633 01 3140 74 28020 65 10748 16 2914 18 991 84 26819 31 460565 27 12402 85 188 46 3649 59 6335 72 969 40 570000 00 13518 70 3349 78 15515 28 3496 10 34370 59 47877 50866 ComptkollebGeneeals Eepoet 56 Gross decrease by adjustment in book value of ledger as sets viz Bonds 10952 50 57 Total disbursements 1815102 37 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 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 1913 Fidelity 246293 surety 1965131 burglary and theft 158644 total On policies or renewals issued prior to Octo ber 1 1913 Fidelity 738466 surety 12197601 burglary and theft 40090 total 23700 68 129761 57 144942 77 6557 15 642388 00 246 68 79077 58 25 Total 28 Reinsured losses due by other companies 29 Due by suspended banks and trust companies 153462 25 379 70 19394 62 31 Ledger assets 1046202 07 NonLedger Assets 33 Interest due 158050 and accrued 202782 on bonds 44 Gross assets Deduct Assets ISIot Admitted 3608 32 1049810 39 50 Premiums in course of collection written prior to October 1 1913 129761 57 57 Admitted assets 920048 82 VLiabilities 29 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1913 viz Fidelity 49259 burglary and theft 31729 surety 393026 totalt 4740 14ComptrollerGenerals Report 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 39 Return premiums 40 Eeinsurance 41 Advance premiums one hundred per cent 46 Reserve for contingencies 52 Capital actually paid up in eash 750000 00 53 Surplus over all liabilities 92789 65 54 Surplus as regards policyholders 55 Total liabilities Business in the State of Georgia During the Year Gross losses paid Surety 422242 burglary and theft 10195 total 867 4000 00 9000 00 6442 03 14722 95 6354 05 32000 00 842789 65 920048 82 4324 37 AMEKICAN CASUALTY COMPANY OF BEADING PENNA E P VanReed President Harvey H Shoma Secretary ICapital Stock 1 Amount of capital paid up in cash 325000 00 2 Amount of ledger assets as per balance December 1 previous year 573849 03 IIIncome 1 Gross premiums written and renewed during the year Accident and health 22365890 liability 8962722 plate glass 5616983 steamboiler 378198 burg lary and theft 1433861 auto and teams prop dam age 3674435 total 424320 89 2 Deduct reinsurance Accident and health 127750 burglary and theft 9950 137700 3 Deduct return premiums on policies can celled Accident and health 80170 liability 386820 plate glass 92752 burglary and theft 66836 auto and teams prop dam 198992 total 8255 70868 ComptrollerGenerals Report Premium on policies not taken Accident and health 2422630 liability 18 17304 plate glass 1216504 steam boiler58750 burglary and theft 2 67227 auto and teams prop dam 6 67605 totals 64500 20 5 Total deductions Accident and health 2630550 liab ility 2204124 plate glass 1309256 steam boiler 58750 burglary and theft 344013 auto and teams prop dam 866597 total 6 Net premiums Accident and health 15735340 liability 6758598 plate glass 4307727 steam boiler 3 19448 burglary and theft 1089848 auto and teams prop dam 2807838 total 23 Gross interest on mortgage loans 25 Gross interest on bonds and dividends on stocks less 85728 accrued interest on bonds acquired during 1913 26 Gross interest on deposits in trust companies and banks 30 Gross rents from companys property 34 Commission on bonding business written 38 Cross profit on sale or maturity of ledger assets viz Bonds 40 Total income 74132 90 350187 99 8875 22 10951 87 802 78 1608 00 829 93 7150 00 380405 79 IIIDisbursements 1 Gross amount paid for losses Accident and health 86 96943 liability 3046717 plate glass 2667387 Burglary and theft 442147 auto and teams property damage 1155728 totals i 2 Deduct reinsurance Accident and health Total 5 Net amount paid policyholders for losses Accident and health 8690160 liability 3046717 plate glass 2667387 burglary and theft 442147 auto and teams property damage 1155728 total IS Investigation and adjustment of claims viz Accident and health 77303 liability 289335 burglary and theft 17527 auto and teams property damage 88007 160089 28 30467 17 120622 11 160021 39 472172ComptrollerGenerals Eepoet 869 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident and health 5416603 liability 1625642 plate glass 1445150 steam boiler 52619 burglary and theft 337505 auto and teams property damage 686028 total 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 31 redical examiners fees and salaries 32 Inspection other than medical and claim 33 Rents 34 Repairs and expenses other than taxes on real estate 35 Taxes on real estate 36 State taxes on premiums 38 All other licenses fees and taxes Federal corporation tax 40 Tax on capital stock 43 Legal expenses 45 Printing and stationery 46 Postage telegraph telephone and express 47 Furniture and fixtures 48 Stockholders for interest or dividends 50 Sundry expense 51 Subscriptions 54 Agents balances charged off 57 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 6 Deposit in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest S Premiums in course of collection viz On policies or renewals issued on or after Oct 1 1913 Accident and health 16 41460 liability 1021397 plate glass 1020103 steam boiler 34628 Burg lary and theft 203606 Auto and teams prop damage 542296 total H634 90 On policies or renewals issued prior to Octr 1 1913 Accident and health 115157 95635 47 23314 15 18726 17 445 50 2118 50 4145 50 698 12 550 35 1426 80 L 369 00 2932 09 235 75 7269 61 3233 74 756 48 24000 00 551 33 614 50 579 15 356763 69 50000 00 182090 00 267844 04 531 94 13607 07 36072 24870 ComptrollerGenerals Report 47106 73 239 11 397491 13 liability 66037 plate glass 44304 burglary and theft 5150 auto and teams prop dam 16635 totals 2471 83 25 Total 26 Bills receivable 31 Ledger assets NonLedger Assets 32 Interest due 6500 and accrued 204226 on mortgages 2107 26 33 Interest accrued on bonds 2634 91 38 Rents due 183 50 40 Market value it including interest in item 33 of bonds and stocks over book value 1915 48 44 Gross assets Deduct Assets Not Admitted 46 Bills receivable 239 11 50 Premiums in course of collection written prior to Oct 1 1913 2471 83 57 Admitted assets 601621 34 604332 28 VLiabilities 7 Net unpaid claims except liability and workingmens comp claims Accident and health 849381 plate glass 119147 burglary and theft 672 auto and teams property damage 63855 total 10330 55 19 Special reserve for accrude losses on credit policies in force December 31 1913 48756 46 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 20452793 unearned premiums fifty per cent 1 2263 96 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 1624830 unearned premiums pro rata 6770 48 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1913 viz Accident and health 5 68763 liability 288610 plate glass 369392 steam boiler 8870 burglary and theft 65914 auto and teams property damage 108637 14101 86ComptrolleeGenebal s Report 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 40 Reinsurance 41 Advance premiums one hundred per cent 51 Total amount of all liabilities except capital 52 Capital actually paid up in cash 325000 00 53 Surplus over all liabilities 99792 77 54 Surplus as regards policyholders 55 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 5 60579 liability 248680 plate glass 194028 burg lary and theft 7525 auto and teams property dam age 54036 total Gross losses paid Accident and health 300663 liability 109925 plate glass 152640 burglary and theft 1605 auto and teams propertydamage 26250 total 871 550 12 4167 94 181 50 36 25 176828 57 424792 77 601621 34 10647 48 5910 83 THE AMERICAN CREDITINDEMNITY COMPANY OF NEW YORK E M Treat President Jos J Gross Secretary R S Witherspoon Attorney for Service 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 1416430 02 IIIncome 1 Gross premiums written and renewed during the year 2 Deduct reinsurance Credit 937 50 3 Deduct return premiums on policies can celled Credit 13 920 54 Deduct premium on policies not taken Credit 20834 30 751043 78 5 Total deductions Credit 35692 34872 ComptrollerGenerals Report 6 Net premiums Credit 715351 44 25 Gross interest on bonds and dividends on stocks 56719 64 26 Gross interest on deposits in trust compa nies and banks 500 49 27 Gross interest from all other sources Pre mium notes 262468 bills receivable 1875 total 2643 41 31 Total gross interest 59863 54 40 Total income 775214 98 IIIDisbursements 1 Gross amount paid for losses 2 Deduct reinsurance Credit 3 Salvage Credit Credit 5291 67 24018 33 4 Total deduction Credit Net amount paid policyholders for losses Investigation and adjustment of claims viz Credit Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Credit 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees Salaries traveling and all other expenses of agents not paid by commissions Rents Interest in reconversion of securities State taxes on premiums Insurance department licenses and fees 40 State and municipal licenses 41 State county and municipal taxes 43 Legal expenses Advertising Printing and stationery Postage telegraph telephone and express Traveling expenses Mercantile agencies 52 Miscellaneous expenses 53 ountry exchange 55 Gross loss on sale of maturity of ledger assets viz Bonds IS 24 30 33 35 36 37 44 45 46 51 rl 412020 26 29319 00 382710 20 14928 13 178050 41 53110 55 22810 44 10064 87 42 05 13329 03 2305 31 1223 50 2949 89 4376 63 9793 54 3583 59 5181 70 1902 83 2405 00 1938 77 573 09 8283 77 57 Total disbursements 719563 36ComptrollerGenerals Keport IVLedger Assets 4 Book value of bonds 91095281 and stocks 33170000 total 5 Cash in companys office 7 Deposits in trust companies and banks on interest 26 Bills receivable 27 Other ledger assets viz Premium notes 8242954 fur niture and fixtures 4529906 agents balances Dr 4159906 Gr 243277 3916629 total 873 1242652 81 1718 54 51254 74 10679 20 167494 89 31 Ledger assets 1472081 64 NonLedger Assets 33 Interest accrued 37 Premium notes 44 Gross assets 11962 10 245 69 1484289 43 Deduct Assets Not Admitted 46 Bills receivable j 47 Furniture and fixtures 48 Agents balances 49 Premium notes past due 52 Book value of ledger assets over market value viz Bonds 11738281 stocks 2423000 total 56 Total 10679 20 45899 06 41599 06 28152 55 141612 81 267942 68 57 Admitted assets 1216346 75 VLiabilities 2 Losses and claims reported or in process of adjustment Credit on policies expiring prior to Oetober 1913 3 Losses and claims resisted Credit on policies expiring prior to October 1913 5 Total 18 Special reserve for credit losses on policies expiring in Octo ber November and December 1913 being fifty per cent of 21738017 gross premiums received on said policies less 15225 paid during said months on losses under said policies 33122 00 7850 00 40972 00 39464 34874 ComptrolleeGeneeals Report 19 Special reserve for accrued losses on credit policies in force December 31 1913 being fifty per cent of 33242038 earned premiums on said policies 20Total unpaid claims 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 66710393 un earned premiums pro rata 33488507 33488o 07 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 483292 un earned premiums pro rata 463140 166210 19 300646 53 4631 40 28 Total unearned premiums as shown by recapitulation 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1913 viz Credit 34 Salaries rents expenses bills accounts fees etc due or accrued estimated 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 41 Advance premiums one hundred per cent 43 Contingent reserve for guarantees to policyholders 52 Capital actually paid up in cash 350000 00 53 Surplus over all liabilities 197217 31 54 Surplus as regards policyholders 339516 47 2735 12 2000 00 11251 32 4980 00 8000 00 547217 31 55 Total liabilies 1216346 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or re newed during the year Credit Gross losses paid Credit 74 5595 68 AMERICAN LIFE AND ACCIDENT INSURANCE COMPANY Home Office Salisbury Missouri J W Ingram President J R Moore Secretary W W Haskell Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 100000 00 2 Amount of ledger assets as per balance December 31 of r i of previous year 126679 58CompteollebGenebals Repobt 875 IIIncome 1 Gross premiums written and renewed during the year Acci dent and health 114080 33 3 Deduct return premiums on policies cancelled Accident and health 175 54 6 Net premiums 113910 79 21 Policy fees required or represented by applications 43296 00 23 Gross interest on mortgage loans less 32500 accrued in terest on mortgages acquired during 1913 6580 01 40 Total income 163788 80 ITIDisbursements 1 Gross amount paid for losses Accident and health 47694 51 18 Investigation and adjustment of claims viz Accident and health 20 50 23 Policy fees retained by agents 43 161 18 24 Commissions or brokerage less amount received on return premiums and reinsurance 43 535 90 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 7635 99 30 Salaries traveling and all other expenses of agents not paid by commissions 2373 85 31 Medical examiners fees and salaries 222 00 32 Inspection other than medical and claim 50 30 33 Bents 1673 91 36 State taxes on premiums 1293 01 37 Insurance department licenses and fees 877 73 40 Miscellaneous taxes and fees 130 00 41 Municipal licenses 607 80 42 Decrease by readjustment premiums in course of collection 1912 report 3329 28 43 Legal expenses 330 00 44 Advertising 91 5 45 Printing and stationery g 497 51 46 Postage telegraph telephone and express 1695 74 47 Furniture and fixtures 146 65 50 Surety bonds 135 0 51 Miscellaneous expense 615 61 52 Salary branch office 379 00 53 Officers traveling expense 496 17 57 Total disbursements 158903 45876 ComptrollerGenerals Report IVLedger Assets 2 Mortgage loans on real estate 4 Boot value of bonds 5 Cash in companys office 6 Deposit in trust companies and banks not on interest 8 Premiums in course of collection viz Accident and health 31 Ledger assets NonLedger Assets 32 Interest on mortgages 33 Interest on bonds 41 Other nonledger assets viz Cash advanced to agents 93978 furniture and fixtures 250000 supplies and stationery 150000 total 44 Gross assets Deduct Assets Not Admitted 45 Cash advanced to agents 939 78 47 Furniture and fixtures 2500 00 48 Supplies printed matter and stationery 1500 00 56i Total 57 Admitted assets 111250 00 100 00 4272 38 10025 47 5915 08 131562 93 2306 25 3 00 4939 78 138811 96 4939 78 133872 18 VLiabilities 7 Net unpaid claims except liability and workmens comp claims excluding expenses of investigation and adjust ment Accident and health 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 739323 unearned premiums fifty per cent 29 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1913 viz Accident and health 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 41 Advance premiums one hundred per cent 1252 50 3696 62 1774 52 259 32 1800 00 956 89ComptrollerGenerals Report 877 52 Capital actually paid up in cash 100000 00 53 Surplus over all liabilities 24132 33 54 Surplus as regards policyholders 124132 33 55 Total liabilities 133872 18 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 7683 14 Gross losses paid Accident and health 4018 82 AMERICAN NATIONAL INSURANCE COMPANY W L Moody Jr President L H Collier Secretary J B Daniell Attorney for Service IIIncome 1 Gross premiums written and renewed during the year Accident 26435216 health 23759292 totals 50194508 3 Deduct return premiums on policies cancelled Accident 10992 health 10992 total 219 84 6 Net premiums Accident 26424224 health 23748300 501725 24 21 Policy fees required or represented by applications 119473 75 34 From other Co s Reinsurance 423 30 36 From life statement 3401397 97 40 Total income 4023120 26 IIIDisbursements 5 Net amount paid policyholders for losses Accident 41 70539 health 10128555 liability 170000 total 18 Investigation and adjustment of claims viz Accident 100001 health 100002 total 23 Policy fees retained by agents 24 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 6152362 health 5223927 total 29 Salaries fees and all other compensation of officers directors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 144690 94 2000 03 118925 00 113762 89 8645 68 889 98878 CompteolleeGeneeals Eeport 33 Bents including 30000 for companys occupancy of its own buildings 1191 75 36 State taxes on premiums 1275 82 37 Insurance department licenses and fees 392 25 40 Municipal in various cities 102 19 43 Legal expenses 8 33 44 Advertising 939 32 45 Printing and stationery 3521 94 46 Postage telegraph telephone and express 2381 80 47 Furniture and fixtures 185 91 49 Other disbursements exchange 255 51 Petty Office expense 100 28 52 Bond fees 40 75 53 Branch office expense 2051 70 54 Agents balances charged off 545 98 56 Gross decrease by adjustment in book value of ledger assets viz Prom life statement 1196237 34 57 Total disbursements 1597892 43 NonLedger Assets 41 Other nonledger assets viz Deferred premiums on pay order business less corns 671038 12462 13 43 Prom life statement 2528092 61 44 Gross assets 2540554 74 VLiabilities 2 Losses and claims reported or in process of adjustment Accident 16332 health 12535 total 288 67 3 Losses and claims incurred but not reported Accident 80456 health 120568 total 2010 24 4 Losses and claims Besisted Accident 1090 00 7 Net unpaid claims except liability and workmens comp claims Accident 20578 health 133103 total 3388 91 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 2529169 unearned premiums fifty per cent 12645 85 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1913 1300 51 34 Salaries rents expenses bills accounts fees etc due or accrued 270 00 CompteolleeGenekals Repoet 879 41 Advance premiums one hundred per cent 1430 50 50 From life stmt 1725562 69 51 Total amount of all liabilities except capital 1744598 46 52 Capital actually paid up in cash 250000 00 53 Surplus over all liabilities 545956 28 54 Surplus as regards policyholders 795956 28 55 Total liabilities 2540554 74 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident 535000 health 535000 totals 10700 00 Gross losses paid Accident 122889 health 267777 3906 66 AMERICAN SURETY COMPANY OF NEW YORK N Y F W Lafrentz President H B Zevely 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 9468794 31 IIIncome 1 Gross premiums written and renewed during the year Fidel ity 150395407 surety 243123351 total 3935187 58 2 Deduct reinsurance Fidelity 3219942 surety 9208102 total 124280 00 3 Deduct return premiums on policies can celled Fidelity 13488521 surety 32445155 total 459336 76 4 Premium on policies not taken Fidelity 8748729 surety 19332205 total 280809 34 5 Total deductions Fidelity 25457192 surety 609 85462 total 864426 54 6 Net premiums Fidelity 124938215 surety 1821 37889 total 3070761 04 23 Gross interest on mortgage loans 10230 9288U ComptbolleeGenebals Eepoet 26 27 30 24 Gross interest on collateral loans 25 Gross interest on bonds and dividends on stocks Gross interest on deposits in trust companies and banks Gross interest from all other sources Collected on salvage debts 312690 past due prem 1685 past due interest 1050 Gross rents from companys property including 439000 for companys occupancy of its own buildings 32 From other sources Checks of other par ties in process of collection Dec 31 1913 34 Checks of other parties in process of col lection Dec 31 1912 35 Premiums paid in advance Dec 31 1913 36 Premiums paid in advance Dec 31 1912 58 Gross profit on sale or maturity of ledger assets viz Sale of agency organizations in Canada and Mexico 10000000 bonds part 4 1219785 total 39 Gross increase by adjustment in book value of ledger assets viz Increase in liab for Fed income tax 8333 Increase in liab for accounts payable 3 63414 total 935 41 777 53 3o499 90 19820 8S 961 58 182620 58 17852 19 3154 25 289227 15 935 41 15679 05 112197 85 3717 47 40 Total income 3707337 49 IIIDisbursements Gross amount paid for losses Fidelity 47808836 Surety 107675435 total 1554842 71 Deduct reinsurance Fidelity 619158 surety 3663020 total 42821 78 Deduct Salvage Fidelity 10751520 surety 53872285 total 646238 05 4 Total deductions 35305 total Fidelity 11370678 surety 575 689059 83 5 Net amount paid policyholders for losses Fidelity 36438158 surety 50140130 total 865782 88 18 Investigation and adjustment of claims viz Fidelity 2353209 surety 3928083 total 62812 92 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Fidelity 16531896 surety 25722211 total 422541 07 29 Salaries fees and all other compensation of officers directors trustees and home office employees 350376 88 32 Inspection other than medical and claims 15206 37ComptrollerGenerals Beport 881 33l Rents including 4390000 for companys occupancy of its own buildings 34 Repairs and expenses other than taxes on real estate including rent of building leases for 99 years 35 Taxes on real estate 36 State taxes on premiums 37 Insurance department licenses and fees 38 All other licenses fees and taxes Federal corporation tax 363733 municipal taxes 363761 internal revenue taxes 40503 total 43 Legal expenses 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone and express 47 Furniture and fixtures 48 Stockholders for interest or dividends 49 Other disbursements Reference and guide books 1 11884 references 25771 traveling expenses 11 12124 law library 33000 stock registration 25000 traveling auditors 41567 insurance 4500 surety Assn expenses 216901 Towner Rating Bureau 2 50000 convention expenses 722812 collection fees 98420 increase of capital 47941 donations 1 25000 spl expens 795875 petty exp 100241 total 53 Investment expenses taxes on investments 1400 broker age 13301 55 Gross loss on sale or maturity of ledger assets viz Bonds part 4 7500 stocks part 4 1877700 56 Gross decrease by adjustment in book value of ledger assets viz Decrease in liability for reinsurance 47702 50 180613 98 79247 12 44148 23 19576 15 7679 97 7291 80 8668 58 11319 49 39121 29 5364 54 500000 00 37110 41 147 01 18852 00 24207 27 57 Total disbursements 3529441 31 IVLedger Assets 1 Book value of real estate 3480000 00 2 Mortgage loans on real estate 54250 00 3 Loans secured by pledge of bonds stocks or other col laterals 21026 36 4 Book value of bonds 174772742 and stocks 2786 32863 total 4534056 05 5 Cash in companys office 9187 94 6 Deposit in trust companies and banks not on interest 438760 39 7 Deposits in trust companies and banks on interest 491918 25 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1913 Fidelity 10489283 surety 23952167 total 344414 50882 ComptrollerGenerals Report On policies or renewals issued prior to Oct 1 1913 Fidelity 2743277 surety 24564423 total 273077 00 617491 50 25 Total 31 Ledger assets 9646690 49 NonLedger Assets 32 Interest accrued on mortgages 33 Interest accrued on bonds 34 Interest accrued on collateral loans 35 Interest accrued on other assets 4S0 4 18053 73 197 83 150 00 37 Total 38 Eents due 854671 and accrued 143334 on companys property or lease 18881 99 9780 05 44 Gross assets 9675352 53 Deduct Assets Not Admitted 50 Premiums in course of collection written prior to October 1 1913 273077 00 52 Book value of ledger assets over market value viz Stocks 25974S63 bonds 27118742 total 530930 05 55 Total 804013 05 57 Admitted assets 8871339 48 VLiabilities 2 Losses and claims reported or in process of adjustment Fidelity 10263705 surety 13125137 total 233888 42 3 Losses and claims incurred but not reported Fidelity 11855560 surety 12403553 total 24259113 4 Losses and claims resisted Fidelity 10303863 surety 12539334 total 228431 97 5 Total losses and claims Fidelity 32423128 surety 38068024 total 704911 52 6 Deduct reinsurance Fidelity 90746 surety 1489118 15798 64 Net unpaid claims except liability and workmens comp claims Fidelity 32332382 surety 36578906 689112 88ComptrollerGenerals Beport 883 21 Estimated expenses of investigation and adjustment of unpaid claims Fidelity 1250000 surety 1250000 25000 00 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 2 95847086 unearned premiums fifty per cent 1479 23543 8378495 unearned premiums seventyfive per cent 6283871 6096837 unearned premiums one hundred per cent 6096837 1603042 51 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 45783090 unearned premiums pro rata 23605924 236059 24 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1913 viz Fidelity 1102709 surety 2238557 total 33412 66 Salaries rents expenses bills accounts fees etc due or accrued 44453 51 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 48713 28 40 Reinsurance 22616 38 41 Advance premiums one hundred per cent 35499 90 43 Reserve for contingent expenses 25000 00 44 Checks of other parties in process of collection 1712 94 34 35 51 Total amount of all liabilities except capital 2764623 30 52 Capital actually paid up in cash 5000000 00 53 Surplus over all liabilities 1106716 18 54 Surplus as regards policyholders 6106716 18 55 Total liabilities 8871339 48 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Fidelity 1881591 surety 1573551 total 34551 42 Gross losses paid Fidelity 47562 surety 191554 1439 92884 ComptrollerGenerals Eeport COLUMBIA INSURANCE COMPANY Home Office 15 Exchange Place Jersey City X J G F Crane President C E Dean 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 1000433 10 4 Extended at 1000433 10 IIIncome Marine Inland 5 Gross premiums 953223 57 6 Deduct reinsurance premiums marine and inland 38217724 return premiums marine and inland 17427642 total 556453 66 7 Total premiums other than perpetual 396769 91 11 Gross interest on bonds and dividends on stocks less 65100 accrued interest on bonds acquired during 1913 33916 50 12 Gross interest on deposits in trust compa nies and banks 857 78 14 On cash deposit with Ontario Ins Dept 300 00 17 Total gross interest and rents 28 Total income 35074 28 431844 19 IIIDisbursements Marine Inland 1 Gross amount paid polieyholders for losses including 2247028 occurring in pre vious years 448121 58 2 Deduct amount received for Salvage ma rine and inland 1721914 reinsurance 21377768 total 240996 82 3 Net amount paid polieyholders for losses 217124 76 4 Expenses of adjustment and settlement of losses 11396 52 5 Commissions or brokerage 123400 76 6 Allowances to local agencies for miscellaneous agency ex penses 1432 00ComptrollerGenerals Report 885 7 Expenses of special and general agents 8 Salaries fees and all other charges of officers directors trustees and home office employees 10 Printing and stationery 11 Postage telegrams telephone and express 12 Legal expenses 15 Underwriters boards and tariff associations 16 Fire department fire patrol and salvage corps assessments 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 24 Investment expenses 38 Agents balance charged off 40 Gross decrease by adjustment in book value of ledger as sets 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 1913 9 Agents balances representing business written prior to October 1 1913 13 Cash deposit Ontario Insurance Department 3634 02 7710 01 2161 00 731 00 120 00 770 00 308 63 277 00 9316 12 1624 00 466 76 52 50 7217 17 932 13 388674 38 922470 79 53352 11 43149 19 7830 82 16800 00 16 Total ledger assets 1043602 91 NonLedger Assets 18 Interest accrued on bonds 21 On Ontario deposit 10930 82 232 50 24 Total 11163 32 30 Gross assets 1054766 23 Deduct Assets Not Admitted 34 Agents balances representing business written prior to October 1 1913 7830 82 38 Book value of ledger assets over market value 73255 79 40 Total 41 Total admitted assets 81086 61 973679 62 29428 83 886 COMPTKOLLERGrENEKAIjS REPORT VLiabilities 2 Gross claims for losses in process of adjustment or in sus pense plus 37370 reserve for losses incurred prior ot December 31 of which no notice had been received on that date 53295 06 3 Gross claims for losses resisted 1105 00 4 Total 54400 06 5 Deduct reinsurance due or accrued 24971 23 6 Net amount of unpaid losses and claims 7 Gross premiums less reinsurance received and receivable upon all unexpired long term inland risks 2192589 unearned premiums 11755 89 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 35224197 unearned premiums fifty per cent 176120 98 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 125243 un earned premiums 100 per cent 1252 43 10 Total unearned premiums as computed above 17 Salaries rents expenses bills accounts fees etc due or accrued IS Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 19 Contingent commissions or other charges due or accrued 26 Total amount of all liabilities except capital 27 Capita actually paid up in cash 400000 00 28 Surplus over all liabilities 339121 49 29 Surplus as regards policyholders 30 Total liabilities 973679 62 189129 30 500 00 9000 00 6500 00 234558 13 739121 49ComptbollebGenebals Kepokt THE COLUMBIAN NATIONAL LIFE INSUEANCE COMPANY OF BOSTON MASSACHUSETTS Arthur E Childs President William H Brown Secretary Alfred C Newell Attorney for Service in Georgia IIIncome 1 Gross premiums written and renewed during the year Accident 22931445 health 12970990 total 359024 35 2 Deduct reinsurance Accident 446867 health 169015 total 6158 82 3 Deduct return premiums on policies can celled Accident 664994 health 4 40157 total 11051 51 4 Premium on policies not taken Accident 6509448 health 3232175 total 97416 23 5 Total deductions Accident 7621300 health 3841347 114626 56 6 Net premiums Accident 15310136 health 9129643 244397 79 IIIDisbursement 1 Gross amount paid for losses Accident 7328288 health 5047077 total 123753 65 2 Deduct reinsurance Accident 119464 health 211463 3309 27 5 Net amount paid policyholders for losses Accident 72 08824 health 4835614 total 120444 38 18 Investigation and adjustment of claims viz Accident 197389 health 80469 2778 58 24 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 5249560 health 2899383 total 81489 43 29 Salaries fees and all other compensation of officers directors trustees and home office employees 26811 14 30 Salaries traveling and all other expenses of agents not not paid by commissions 12318 75 31 Medical examiners fees and salaries 1299 46 32 Inspection other than medical and claim 595 36 33 Bents including249102 for companys occupancy of its own buildings 6472 95 36 State taxes on premiums 4033 99 37 Insurance department licenses and fees 1229 29 40 State and municipal licenses and fees 169 89 41 Personal property taxes 11 02888 CoMPTKOLLERGrENERALS EEPORT 43 Legal expenses 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone and express 47 Furniture and fixtures 50 Home office expense 51 Home office traveling 52 Exchange 57 Total disbursements 431 95 969 75 4004 55 2381 91 2103 34 2675 24 1801 04 93 56 272115 58 IVLedger Assets 8 Premiums in course of collection viz On policies or renewals issued on or after Oct 1 1913 Accident 1816671 health 1066933 total 28836 04 On policies or renewals issued prior to Oct 1 1913 Accident 130568 healtth 76683 total 2072 51 35 Total 30908 55 Deduct Assets Not Admitted 50 Premiums in course of collection written prior to Oct 1 1913 2072 51 VLiabilities 1 Losses and claims adjusted Accident 73536 health 89753 total 1632 89 2 Reported or in process of adjustment Accident 20 02609 health 544786 total 25473 95 4 Losses and claims resisted 300 00 5 Total losses and claims Accident 2076145 health 664539 total 27406 84 6 Deduct reinsurance Accident 39551 health 5000 445 51 7 Net unpaid claims except liability and workments comp claims Accident 2036594 health 659539 total 26961 33 21 Estimated expenses of investigation and adjustment of unpaid claims Accident 40000 health 20000 600 00 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 20532641 unearned premiums fifty per cent total 102663 21ComptrollerGenerals Report 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after Oct 1 1913 viz Accident 567275 health 555479 total 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 40 Reinsurance 41 Advance premiums one hundred per cent 51 Total amount of all liabilities except capital accident and health Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident 798630 health 551615 total Gross losses paid Accident 674273 health 175490 889 9227 54 1427 41 4488 5G 663 71 195 25 146227 01 13502 45 8497 63 CONTINENTAL CASUALTY COMPANY Home Office Hammond Indiana H G B Alexander President Wm H Betts Secretary Insurance Commissioner Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 300000 00 2 Amount of ledger assets as per balance December 31 of 9 9Q3 7Q 73 previous year rOTi IIIncome 1 Gross premiums written and renewed during the year Ac cident 31902621 health 86395885 total 4053985 06 2 Deduct reinsurance Accident 6166 53 3 Deduct return premiums on policies can celled Accident 2499632 health 4 06917 total 29065 49890 ComptrollerGenerals Eeport 4 Deduct premium on policies not taken Ac cident 69480087 health 11337277 total 808173 64 5 Total deductions Accident 72596372 health 117 44194 total 6 Net premiums Accident 246406249 health 746 51691 total 21 Policy fees required or represented by applications 23 Gross interest on mortgage loans less 25347 accrued interest on mortgages ac quired during 1913 i 24 Gross interest on collateral loans 25 Gross interest on bonds and dividends on stocks 26 Gross interest on deposits in trust compa nies and banks 28 Bills receivable 30 Gross rents from companys property 30737 36 4657 19 21128 69 1139 33 119 97 3005 63 31 Total gross interest and rents 37 From agents balances previously charged off 38 Gross profit on sale or maturity of ledger assets viz Eeal estate 39 Gross increase by adjustment in book value of ledger as sets viz Bonds 843405 66 3210579 40 134749 00 607S8 17 8227 85 6S5 57 30 39 40 Total income 3415060 38 IIIDisbursements 1 Gross amount paid for losses Accident 112007341 health 33785087 total 1457924 30 2 Deduct reinsurance Accident 4309 44 5 Net amount paid policyholders for losses Accident 1115 76397 health 33785089 total 1453614 86 18 Investigation and adjustment of claims viz Accident 25 69850 health 764631 total 33244 81 23 Policy fees retained by agents 134749 00 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 58620129 health 7993654 total 666137 83 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 348425 00 30 Salaries traveling and all other expenses of agents not paid by commissions 445 947 95CoMPTKOLLEEGEISrEEALS REPORT 891 31 Medical examiners fees and salaries 17339 67 33 Eents 01908 36 36 State taxes on premiums 58738 58 37 Insurance department licenses and fees 11112 66 39 Federal corporation tax 526 22 40 Publication and filing fees 6885 69 41 County and municipal licenses and taxes 3072 71 42 Examinations by insurance departments 2955 18 43 Legal expenses 42005 65 44 Advertising 10511 79 45 Printing and stationery 42791 95 46 Postage telegraph telephone and express 36394 16 47 Furniture and fixtures 15000 00 48 Stockholders for interest or dividends amount declared during the year 6000000 60000 00 50 General expense 33087 79 54 Agents balances charged off 16850 08 55 Gross loss on sale or maturity of ledger assets viz Real estate 233 53 56 Gross decrease by adjustment in book value of ledger as sets viz Bonds 707 94 57 Total disbursements 3502241 42 IVLedger Assets 1 Book value of real estate 35000 00 2 Mortgage loans on real estate first liens 496650 00 4 Book value of bonds 27635527 and stocks 31208000 total 588435 37 5 Cash in companys office 3697 37 6 Deposit in trust companies and banks not on interest 1636 22 7 Deposits in trust companies and banks on interest 123781 83 8 Premiums in course of collection viz On policies or re newals issued on or after October 1 1913 Accident 48029641 health 13546539 total 615751 80 26 Bills receivable 9639 73 28 Agents balances 89108 22 29 Furniture and fixtures 80008 42 30 Cash in hands of P M s and Treas in transit 152902 73 31 Ledger assets 2196611 69 NonLedger Assets 32 interest accrued on mortgages 7528 50 33 Interest accrued on bonds 5400 71 44 Gross assets 2209540 90892 ComptrollerGenerals Keport Deduct Assets Not Admitted 45 Agents balances 46 Bills receivable 47 Furniture and fixtures 53 Book value of bonds 276 35537 stocks 312080 total 55 Market value of bonds 25555205 stocks 307 82400 total 89108 22 9639 73 80008 42 588435 37 563376 05 25059 32 Balance 56 Total 005 725 1 57 Admitted assets uuo 203815 79 VLiabilities 1 Losses and claims adjusted Accident 2 Losses and claims reported or in process of adjustment Accident 10160582 health 1000884 total 4 Losses and claims resisted Accident 49325 health 2 475 total 5 Total losses and claims Accident 16089208 health 12 48384 total 6 Deduct reinsurance Accident 9961 26 111614 66 51800 00 21 26 Net unpaid claims except liability and workmens comp claims excluding expenses of investigationand adjust ment Accident 15039208 health 1248384 total Estimated expenses of investigation and adjustment of un paid claims Accident 85000 health 15000 total Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1590 49929 unearned premiums fifty per cent 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1913 viz Accident 6539445 health 1844459 total 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 40 Reinsurance 173375 92 10500 00 162875 92 1000 00 795249 64 83839 04 13780 17 30000 00 4745 3CompteolleeGenebals Kepoet 893 41 Advance premiums one hundred per cent 970 30 43 Voluntary contingent reserve 150000 00 55 Total liabilities 1242460 37 Business in the State of Georgia During the Year Gross premiums less return premiums on risks written or renewed during the year Accident 5191113 health 1711103 total 69022 16 Gross losses paid Accident 2201111 health 1018632 total 32197 43 THE EMPLOYEES LIABILITY ASSURANCE CORPORATION LTD Samuel Appleton U S Manager Reed and Martin Attorney for Service in Georgia ICapital Stock 2 Amount of ledger assets as per balance December 31 of previous year 749379 IIIncome 1 Gross premiums written and renewed during the year Accident 33869980 health 10363445 liability 460334624 workmens compensation 222688095 fidelity 9033800 surety 2000 plate glass 37 14416 steam boiler 3733962 burglary and theft 14063944 auto and teams prop dam 51948648 workmens collective 4258961 total 814011 2 Deduct reinsurance Accident 51037 health 3500 fidelity 38730 burg lary and theft 35384 total 1286 76 3 Deduct return premiums on policies can celled Accident 2585529 health 10 33514 liability 118510045 work mens compensation 30003519 fidelity 1408983 plate glass 301301 steam boiler 296366 burglary and theft 1315620 auto and teams prop dam 8818849 workmens collective 23 94925 total 1666686 51894 ComptrollerGenerals Report 4 Premium on policies not taken 1865548 Health 755611 liability 19575120 workmens compensation 3591395 fidelity 372462 plate glass 280767 steam boiler 294127 burglary and theft 896686 auto and teams prop dam 4232731 workmens collective 244892 total 321093 39 Total Deductions Accident 4502114 health 1792625 liability 138085165 workmens compensation 33594914 fidelity 1820195 plate glass 582068 steam boiler 590493 burglary and theft 3247695 auto and teams prop dam 13051580 workmens collective 2639817 total 1989066 66 6 Net premiums Accident 29367866 health 8570820 liability 322249459 workmens compensation 1 890931 fidelity 7213605 surety 2000 plate glass 3132348 steam boiler 3143469 burglary and theft 11816249 auto and teams prop dam 38897068 workmens collective 1619144 total 6151052 09 25 Gross interest on bonds and dividends on stocks less 382988 accrued interest on bonds acquired during 1913 234k939 01 26 Gross interest on deposits in trust companies and banks 176 92 28 Eeceived on Agency bank accounts 636 45 29 Received on cash held by trustees 1162 04 37 From agents balances previously charged off 877 95 39 Gross increase by adjustment in book value of ledger assets viz Bonds 3056 25 40 Total income 6391910 71 IIIDisbursements 1 Gross amount paid for losses Accident 15753553 health 3453846 liability 204665058 workmens compsn 58351390 fidelity 3040925 plate glass 984077 burglary and theft 4011851 auto and teams property damage 12821887 workmens col lective 1674372 total 3047569 59 2 Deduct reinsurance Accident 62 50 3 Deduct salvage Fidelity 8361 05 4 Total deductions Accident 6250 fidelity 836105 8423 55ComptbollebGeneeals Eepoet 895 5 Net amount paid policyholders for losses Accident 15747303 Eealth 3453846 liability 2046 65058 workmens compsn 58351390 fidelity 22 04820 plate glass 984077 burglary and theft 40 11851 auto and teams prop dam 12821887 work ments collective 1674372 total 3039146 04 18 Investigation and adjustment of claims viz Accident 1596517 health 300063 liability 45983495 workmens compensation 6991882 fidelity 433293 plate glass 130300 burglary and theft 426143 auto and teams property damage 1902662 work mens collective 193361 total 579577 16 24 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 10393263 health 2850856 liability 103166673 workmens compensation 27534705 fidelity 1684420 plate glass 924746 steam boiler 748781 burglary and theft 3666889 auto and teams property damage 9951571 work mens collective 1107996 total 1620371 00 29 Salaries fees and all other compensation of officers dir ectors trustees and home office employees 129891 15 30 Salaries traveling and all other expenses of agents not paid by commissions 50616 88 31 Medical examiners fees and salaries 133 00 32 Inspection other than medical and claims 84459 31 33 Rents 16163 86 36 State taxes on premiums 111068 88 37 Insurance department licenses and fees 10497 44 38 All other licenses fees and taxes Federal corporation tax 0404 25 40 County and municipal taxes and fees 1680 39 41 Publication of statement 757 46 42 Miscellaneous expenses 165 82 43 Legal expenses 11728 05 44 Advertising 17241 38 45 Printing and stationery and supplies 42563 77 46 Postage telegraph telephone and express 28304 71 47 Furniture and fixtures 6718 54 48 Remitted to head office 553318 48 49 Other disbursements Investment expenses 643 03 51 Miscellaneous expenses 18124 11 34 Agents balances charged off 4323 49 56 Gross decrease by adjustment in book value of ledger assets viz Bonds 220935 00 57 Total disbursements 6558033 20896 ComptrollekGteneeals Report IVLedger Assets 4 Book value of bonds 5923175 00 5 Cash in companys office 5015 25 6 Deposit in trust companies and banks not on interest 2794 75 7 Deposits in trust companies and banks on interest 790 79 8 Cash deposited with trustees with Kidder Peabody on inst 84435 66 8 Premiums in course of collection viz On policies or renewals issued on or after Oct 1 1913 Accident 5860801 health 1709400 liability 67397204 workmens compensation 35464802 fidelity 732600 surety 2000 plate glass 610500 steam boiler 854700 burglary and theft 2442000 auto and teams prop dam 6471301 workmens collective 854700 totals 1221000 08 On policies or renewals issued prior to Oct 1 1913 Accident 334900 health 1 02093 liability 5478338 workmens compensation 2881287 fidelity 12345 plate glass 11339 steam boiler 34052 burglary and theft 38302 auto and teams prop dam 3 23176 workmens collective 229613 94455 12 25 Total 1315455 20 31 Ledger assets 7327156 65 NonLedger Assets 33 Interest due on bonds 85761 77 44 Gross assets 7412918 42 Deduct Assets Not Admitted 50 Premiums in course of collection written prior to October 11913 94455 12 57 Admitted assets 7318463 30 VLiabilities 2 Losses and claims reported or in procees of adjustment Accident 3552500 health 1069000 fidelity 31 65500 plate glass 140000 burglary and theft 1184000 auto and teams property damage 35 80000 workmens collective 341500 total 130325 00ComptrollebGenebals Report 897 4 Losses and claims resisted Accident lary and theft 689000 total 4504500 burg 51935 00 7 Net unpaid claims except liabilities and workmen s comp claims Accident 8057000 health 1069000 fidelity 3165500 plate glass 140000 burglary and theft 1873000 auto and teams property damage 35 80000 workmens collective 341500 total 182260 00 17 Special reserve for unpaid liability and workmens com pensation losses 1671385 00 19 Special reserve for accrued losses on credit policies in force Dec 31 1913 being fifty per cent 1853645 00 21 Estimated expenses of investigation and adjustment of unpaid claims Accident 424000 health 56000 fidelity 230000 plate glass 7500 burglary and theft 98500 auto and teams prop damage 188500 workmens collective 18000 10225 00 26 Gross premiums less reinsurance upon all unexpired fire risks running one year or less from date of policy 4 66515868 unearned premiums fifty per cent 2332579 34 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 59929073 unearned premiums pro rata 305302 18 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1913 viz Accident 2346474 healtth 668289 liability 17937738 workmens compensation 6803441 fidelity 261468 surety 600 plate glass 244972 steam boiler 259070 burglary and theft 1018455 auto and teams prop damage 1838005 workmens collective 152119 315306 31 34 Salaries rents expenses bills accounts fees etc due or accrued 70000 00 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 80000 00 51 Total amount of all liabilities except capital 4967057 83 54 Surplus as regards policyholders 2351405 47 55 Total liabilities 7318463 30 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident 164047 health 7781 liability 1513624 fidelity 172 plate glass 54914 burglary and theft 34549 auto and teams property damage 126533 total 19705 76898 ComptbollebGenebals Repobt Gross losses paid Accident 66174 health 35985 liability 1631696 fidelity 125618 plate glass 2862 burglary and theft 070 auto and teams prop damage 76612 16876 21 EQUITABLE SURETY COMPANY Home Office Broad and Locust Sts St Louis Mo B J Taussig President W H West Secretary ICapital Stock 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets as per balance December 31st of previous year 1516771 71 3 Decrease of paidup capital during the year addea to surplus 50000000 Extended at 151677171 To increase ledger assets account furniture and fixtures and accounts collectible 9422 17 Total 1526193 88 IIIncome 1 Gross premiums written and renewed during the year Fidelity 32683337 surety 46011319 total 786946 56 3 Deduct reinsurance Fidelity 5165629 surety 3117067 total 82826 96 3 Deduct return premiums on policies can celled Fidelity 6028823 surety 48 18265 total 108470 88 5 Total deductions Fidelity 11194452 surety 7935332 total 191297 84 6 Net premiums Fidelity 214888 85 surety 38075987 total 59564872 23 Gross interest on mortgage loans 2000 00 25 Gross interest on bonds and dividends on stocks less 70167 accrued interest on bonds acquired during 1913 47635 83 26 Gross interest on deposits in trust compa nies and banks 2659 45COMPTEOLLEBGrElSrEEALS REPORT 63137 106 20 31 Total gross interest and rents 40 Total income 28 New York excise 568961 29 Interest on deferred agents settlements 6241 899 53032 85 650071 07 IIIDisbursements 1 Gross amount paid for losses Fidelity 3980201 surety 19309451 total 2 Deduct reinsurance Fidelity 175000 surety 710552 total 8855 52 3 Deduct salvage Fidelity 1016355 sure ty 2265699 total 32820 32 4 Total deduction Fidelity 1191333 surety 2976251 total 5 Net amount paid policyholders for losses Fidelity 27 88868 surety 16333200 total S 18 Investigation and adjustment of claims viz Fidelity 186506 surety 1056869 total 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Fidelity 4177407 surety 8914482 total 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 31 Medical examiners fees and salaries 32 Inspection other than medical and claim 33 Rents 35 Taxes on real estate 36 State taxes on premiums 37 Insurance department licenses and fees 40 City and state taxes 43 Legal expenses 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone and express 47 Furniture and fixtures 50 General expenses 51 Decrease account reinsurance 54 Agents balances charged off 56 Gross decrease by adjustment in book value of ledger as sets viz Bonds 232896 52 41675 84 191220 68 12433 75 130918 89 87502 07 100788 39 489 62 6530 34 173 63 7450 36 7261 46 15888 45 7690 56 1600 16 11874 07 9472 98 2847 75 12137 76 10248 27 430 86 35125 00 57 Total disbursements 652085 05900 ComptrollerGenerals Keport IVLedger Assets 1 Book value of real estate i 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other collat erals 4 Book value of bonds 110333165 and stocks 2375000 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 1913 Fidelity 4143776 surety 6183521 total On policies or renewals issued prior to Oc tober 1 1913 Fidelity 636494 sure ty 4988754 total 1008 00 43000 00 1030 30 1127081 65 2210 00 33047 40 117512 23 103272 97 56252 48 25 Total 28 New York excise funds in banks 29 Furniture and fixtures 30 Accounts receivable 159525 45 28686 62 7908 32 3169 93 31 Ledger assets 1524179 90 NonLedger Assets 32 Interest on mortgages 33 Interest on bonds 500 00 18785 73 37 Total 19285 73 44 Gross assets 1543405 63 Deduct Assets Not Admitted 47 Furniture and fixtures 7908 32 49 Accounts collectible 3169 93 Cash in banks subject to agents check 7746 70 50 Premiums in course of collection written prior to October 1 1913 56252 48 52 Book value of ledger assets over market value viz Bonds 7971415 stocks 25000 total 79964 15 56 Total 155041 58 57 Admitted assets 1388424 05CompteollebGeneeals Eepoet 001 VLiabilities 1 Losses and claims adjusted Fidelity 5221 surety 86706 total 1388 27 2 Losses and claims reported or in process of adjustment Fidelity 570545 surety 5362749 total 59332 94 3 Losses and claims incurred but not reported Fidelity 5 48274 surety 1205000 total 17532 74 4 Losses and claims resisted Surety 64283 51 5 Total losses and claims Fidelity 1170940 surety 130 82706 total 142537 46 6 Deduct reinsurance Fidelity 263898 surety 11 01984 total 13658 82 7 Jset unpaid claims except liability and workmens comp claims excluding expenses of investigation and adjust ment Fidelity 907042 surety 11980822 total 128878 64 21 Estimated expenses of investigation and adjustment of un paid claims Fidelity 1000 surety 1500 total 2500 00 26 Gross premiums less reinsurance upon all unexpire I risks running one year or less from date of policy 469 57344 unearned premiums fifty per cent 234786 72 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 47 61774 unearned premiums pro rata 29461 89 New York excise 31011 10 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1913 viz Fidelity 1010944 surety 1417912 total 24288 56 34 Salaries rents expenses bills accounts fees etc due or ac crued 24288 56 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 8092 54 51 Total amount of all liabilities except capital 466490 00 52 Capital actually paid up in cash 500000 00 53 Surplus over all liabilities 421934 05 54 Surplus as regards policyholders 921934 05 55 Total liabilities 1388424 05 Business in The State of Georgia During The Year Gross premiums less return premiums on risks written dur ing the year Fidelity 209082 surety 143632 total 3527 14 Gross losses paid Surety 8 00902 CompteollebGenebals Eeport FEDERAL CASUALTY COMPANY V D Cliff President E Mv Secretary Wm A Wright Insurance Commissioner 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 373168 52 previous year IIIncome 1 Gross premiums written anil renewed during the year Ac cident and health 3 Deduct return premiums on policies cancelled Accident and health 6 Net premiums Accident and health i 21 Policy fees required or represented by applications 23 Gross interest on mortgage loans less 2667 accrued in terest on mortgages acquired during 1913 25 Gross interest on bonds and dividends on stocks less 1 30406 accrued interest on bonds acquired during 1913 26 Gross interest on deposits in trust companies and banks 38 Gross profit on sale or maturity of ledger assets viz Bonds 69720 stocks 8500 total Cross increase by adjustment in bonk value of ledger as sets viz Bonds 347364 23 570 69 346793 54 35865 00 153 33 40 Total income 18 590 49 426 86 782 20 200 00 40 811 42 IIIDisbursements 1 23 24 29 30 31 33 36 37 Gross amount paid for losses Accident and health Policy fees retained by agents Commissions or brokerage less amount received on extra premiums and reinsurance for the following classes Ac cident and health Salaries fees and all other compensation of officers direc tors trustees 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 138245 19 35835 00 71140 79 29907 54 30159 57 1097 01 775 00 6601 97 2158 0239 43 44 45 46 47 48 50 51 54 55 56 31 32 33 44 ComptbolleeGenebals Repobt Federal corporation tax Legal expenses Advertising Printing and stationery Postage telegraph telephone and express Furniture and fixtures Stockholders for interest or dividends amount declared during the year 2500000 Ofhce supplies General expense Agents balances charged off Gross loss on sale or maturity of ledger assets siz Bonds 157300 stocks 50000 total Gross decrease by adjustment in book value of ledger as sets viz Bonds Total disbursements IVLedger Assets Mortgage loans on real estate first liens Book value of bonds 29800000 and stocks 9495875 total Cash in companys office Deposit in trust companies and banks not on interest Ledger assets NonLedger Assets Interest due and accrued on mortgages Interest due and accrued on bonds Gross assets Deduct Assets Not Admitted Book value of ledger assets over market value Admitted assets YLiabilities Losses and claims reported or in process of adjustment Accident and health 490 Losses and claims resisted 6 Total losses and claims 490 903 690 17 802 24 916 64 3383 73 4411 10 1 65 35000 00 348 Hi 1446 07 983 93 2073 00 909 45 373864 53 4000 00 392958 75 1740 31 3416 65 402115 41 20 00 5740 03 407875 44 11824 80 396050 64904 ComptrollerGenerals Report 1 There were 458 claims pending at close of year 1912 which averaged 4250 eaeli so we estimate claims pending at close of present year at 4250 28 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1913 viz Accident and health 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 41 Advance premiums one hundred per cent 51 Total amount of all liabilities except capital 52 Capital actually paid up in cash 200000 00 53 Surplus over all liabilities 155011 84 54 Surplus as regards policyholders 20825 00 3000 00 500 00 6500 01 10213 80 55 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 41038 80 355011 84 396050 64 4832 53 2007 65 FEDERAL LIFE INSURANCE COMPANY Isaac Miller Hamilton President T W Appleby 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 3092260 24 IIIncome 1 Cross premiums written and renewed during the year Acci dent 5735966 health 74265 total 58102 31 2 Defluct reinsurance Accident 442 65 3 Deduct return premiums on policies can celled Accident 112 44 4 Deduct premium on policies not taken Ac cident 141 50 5 Total deductions 696 59ComptrollerGenerals Report 905 6 21 23 24 25 26 Net premiums Accident 5666327 health 74265 total 57405 92 Policy fees required or represented by applications 10438 00 29 30 Gross interest on mortgage loans Gross interest on collateral loans Gross interest on bonds and dividends on stocks Gross interest on deposits in trust compa nies and banks Gross interest on deposits in trust compa nies and banks E Life Dept Gross interest on premium notes policy loans and liens Bills receivable overdue interest notes etc Gross rents from companys property in cluding 1000000 for companys occu pancy of its own buildings 43183 99 8646 37 18602 88 81 56 2629 04 51703 97 10218 65 37017 71 31 Total gross interest and rents 32 From other sources From life statement Premiums 34 Dividends left to accumulate at interest 35 Profit and loss 39 Gross increase by adjustment in book value of ledger as sets viz Bonds 2500 stocks 83200 total 40 Total income 172084 17 692321 35 6131 21 255 00 857 00 939492 66 IIIDisbursements 1 Gross amount paid for losses Accident 1358709 health 725267 total 2 Deduct reinsurance Accident 5 Xet amount paid policyholders for losses Accident 12 58611 health 725267 total 18 Investigation and adjustment of claims viz Health 23 Policy fees retained by agents 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 2581146 health 34864 total 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 31 Medical examiners fees and salaries 32 Inspection other than medical and claim 33 Rents 36 State taxes on premiums 37 Insurance department licenses and fees 20839 1000 76 98 iq boo 78 45 95 10438 00 26160 10 10646 59 1397 48 50 00 414 00 494 80 21 66 394 00 906 ComptrollerGenerals Report 43 Legal expenses 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone and express 47 Furniture and fixtures 50 Bonuses 51 Miscellaneous expense 52 Exchange 53 All other disbursements asshown life statement 54 Agents balances charged off 57 Total disbursements 32 86 116 25 2 227 04 1061 79 219 35 69 13 172 89 53 90 904504 74 108 17 978467 48 IVLedger Assets 1 Book value of real estate M ortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other collat erals 4 Book value of bonds 370502 and stocks 17208 total 5 Gash in companys office 7 Deposits in trust companies and banks on interest 26 Hills receivable agents balances furniture fixtures etc life department 28 Policy loans and liens life department 29 Premium notes life department 31 Ledger assets NonLedger Assets 32 Interest due 203890 and accrued 1403145 on mort gages 33 Interest accrued on bonds 14 Interest accrued on collateral loans 35 Interest accrued on other assets On policy loans life de partment 1273750 C of D in bank and bank bal ances 238201 total 42 Net uncollected and deferred premiums life department 474521 30 718993 65 115035 00 387710 00 7856 78 120778 65 30998 16 1169133 73 28258 14 3053285 41 16070 35 6969 34 4027 61 15119 51 66028 20 44 Gross assets 3161500 42 Deduct Assets Not Admitted 46 Bills receivable 8639 60 47 Furniture and fixtures 5714 57 48 Supplies printed matter and stationery 2500 00 52 Book value of lodger assets over market value 6180 45ComptrollerGenerals Eepobt 907 54 Suspense account 849 92 55 Agents balances 13340 00 56 Premium notes and loans on policies and loans liens and net premiums in excess of reserve thereon 45484 78 Total 82709 3 57 Admitted assets 3078791 10 VLiabilities 2 Losses and claims reported or in process of adjustment Ac cident 110385 health 32246 total 1426 33 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 107715 unearned premiums fifty per cent 538 58 40 Keinsurance 21 25 41 Advance premiums one hundred per cent 2488 13 50 Total liabilities as per life statement 2735794 77 51 Total amount of all liabilities except capital 2740269 05 52 Capital actually paid up in cash 300000 00 53 Surplus over all liabilities 38522 05 54 Surplus as regards policyholders 338522 05 55 Total liabilities 3078791 10 THE FIDELITY AND CASUALTY COMPANY OF NEW YORK Home Office 9294 Liberty St and 97103 Cedar St New York City Robert J Hillas President Theoddre E Gaty Secretary Eugene Obedorfer 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 11211156 24 Extended at 11211156 24908 ComptbollebGeneeal s Repobt IfIncome 1 Gross premiums written and renewed during the year Accident 275926813 health 181823486 liab ility 310800154 workmens compensation 1 19802241 fidelity 33701977 surety 30095943 plate glass 59182759 steam boiler 8610174 burglary and theft 74757063 fly wheel 13061706 auto and teams property damage and collision 115 13568 workmens collective 697816 totals11774677 00 2 Deduct reinsurance Accident 23821187 health 10832254 liability 150396 workmens compensation 128512 fidelity 2561213 surety 4338546 plate glass 142874 steam boiler 6510341 burglary and theft 67 30245 fly wheel 7898 totals 552234 66 3 Deduct return premiums on policies can celled Accident 4993109 health 2871046 liability 21298206 work mens compensation 2632286 fidel ity 2599331 surety 1469874 plate glass 1444365 steam boiler 66 19980 burglary and theft 2439551 fly wheel 1056437 auto and teams property damage and collision 4 42175 workmens collective 662752 485291 IS 4 Premiums on policies not taken Acci dent 58703024 health 43741497 liability 43577137 workmens com pensation 22207888 fidelity 41 9372 surety 3633886 plate glass 12280220 steam boiler 122495 burglary and theft 10120958 ily wheel 1869101 auto and teams prop damage and collision 2181787 work mens collective 54800 total 2147690 29 5 Total deductions Accident 875173211 health 574 11797 liability 65025739 workmens compensa tion 24968686 fidelity 9309916 surety 94 42306 plate glass 13867459 steam boiler 253 79686 burglary and theft 19290754 fly wheel 1 2933436 auto and teams property damage anil collision 2623962 workmens collective 717552 3185216 13ComptbollebGenebal s Repoet 909 6 Net premiums Accident 188409493 health 1243 78689 liability 245774415 workmens compensa tion 94833555 fidelity 24392061 surety 206 53637 plate glass 45315300 steam boiler 407 24488 burglary and theft 55466309 fly wheel 10128270 auto and teams property damage and collision 8889606 workmens collective 19736 total 8589460 87 24 Gross interest on collateral loans 1362 66 25 Gross interest on bonds and dividends on stocks less 638928 accrued interest on bonds acquired during 1913 371977 77 26 Gross interest on deposits in trust companies and banks 1758 06 27 Gross interest from all other sources 4184 17 30 Gross rents from companys property including 102 03158 for companys occupancy of its own buildings 127077 83 33 Money borrowed during the year 100000 00 34 Suspense account 2 884 14 35 Munich Reinsurance Company reserve retained under contract 85720 6S 36 Fidelity insurance fund subscriptions from agents and employees 917 34 37 From agents balances previously charged off 1086 90 38 Gross profit on sale or maturity of ledgerassets viz 1236 50 40 Total income 9287666 93 IIIDisbursements 1 Gross amount paid for losses Accident 113738978 health 64744655 liability 143923545 work mens compensation 27562031 fidelity 10768545 surety 11464807 plate glass 17716938 steam boiler 5499387 burglary and theft 20490549 fly wheel 3051394 auto and teams property damage and collision 2173860 workmens collective 2 47264 totals 421381953 2 Deduct reinsurance Accident 13620703 health 4365357 fidelity 98803 surety 396857 plate glass 86279 steam boiler 943395 burglary and theft 1929il44 totals 214405 38 3 Deduct salvage Liability 2509793 workmens compensation 43103 fi delity 4903998 surety 3244219 i plate glass 381839 steam boiler 10974 burglary and theft 301684910 CompteolleeGenebals Repoet fly wheel 15866 auto and teams property damage and collision 41100 workmens collective 290 total 114528 66 4 Total deductions Accident 13620703 health 43 65357 liability 2509793 workmens compensation 43103 fidelity 5002801 surety 3641076 plate glass 468118 steam boiler 954369 burglary and theft 2230828 fly wheel 15866 auto and teams property damage and collision 41100 workmens collective 290 total 328934 04 5 Net amount paid policyholders for losses Accident 100118275 health 60379298 liability 1414 13752 workmens compensation 27518928 fidelity 5765744 surety 7823731 plate glass 17248820 steam boiler 4545018 burglary and theft 182 59721 fly wheel 3035528 auto and teams property damage and collision 2132760 workmens collec tive 246974 total 3884885 49 IS Investigation and adjustment of claims viz Accident 6302120 health 3801330 liability 34579109 workmens compensation 6893732 fidelity 17 18893 surety 859446 plate glass 1302990 steam boiler 634892 burglary and theft 2fi 04512 flywheel 87984 auto and teams property damage and collision 592981 workmens collective 210449 total 595884 38 24 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 65329411 health 4076S841 liability 56541942 workmens compensation 127 98365 fidelity 4648875 surety 3622484 plate glass 13586012 steam boiler 9088899 burglary and theft 14648748 fly wheel 1894946 auto and teams property damage and collision 16428731 workmens collective 21259 total 2245926 54 29 Salaries fees and all other compensation of officers directors trustees and home office employees 538054 75 30 Salaries traveling and all other expenses of agents not paid by commissions 452840 40 31 Medical examiners fees and salaries 11110 77 32 Inspections other than medical and claim 269201 90 33 Rents 15940043 including 12707783 for companys occupancy of its own buildings less 3059685 in cluded in items 1822 and 5100299 included in item 30 77800 59ComptrollerGenerals Report 911 34 Repairs and expenses other than taxes on real estate 55612 93 35 Taxes on real estate 22243 o3 36 State taxes on premiums 139016 47 37 Insurance department licenses and fees 18392 47 38 All other licenses fees and taxes Federal corporation tax 489241 city taxes 869554 city fees 3600 county taxes 9437 county fees 100 13719 32 43 Legal expenses 4533 44 Advertising 4679 2o 45 Printing and stationery 74966 01 46 Postage telegraph telephone and express 30076 94 47 Furniture and fixtures 12303 05 48 Stockholders for interest or dividends 200000 00 49 Other disbursements Exchange and collection fees 284329 subscriptions 54035 interest 358400 fire insurance premiums 131389 office maintenance and supplies 617037 Munich Reinsurance Co re serve released under contract 6707005 suspense account 85369 insurance department examination and auditors 300891 loans repaid 10000000 fidelity insurance fund refund of subscriptions 560 profit and loss account 955456 sundries 655150 201496 21 54 Agents balances charged off 657 07 55 Gross loss on sale or maturity of ledger assets viz bonds 20152 stocks 294 total 204 46 56 Gross decrease by adjustment in book value of ledger assets viz Real estate 10000 00 57 Total disbursements 8863605 61 IVLedger Assets 1 Book value of real estate 1383893 45 4 Book value of bonds 45237757 and stocks 3649 17262 total 8101550 19 5 Cash in companys office 22s0 20 6 Deposits in trust companies and banks not on interest 145791 72 7 Deposits in trust companies and banks on interest 71S92 33 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1913 Accident 17163499 Health 36541514 liability 300 36407 workmens compensation 227 01306 fidelity 4287463 surety 22 53003 plate glass 7200850 steam boiler 7669054 burglary and theft 10050977 fly wheel 2600940 auto912 ComptbollebGenebals Eepoet and teams property damage and col lision 1849327 workmens collective 71701 total 1424260 41 On policies or renewals issued prior to Oct 1 1913 Accident 4358175 health 4404507 liability 11678770 work mens compensation 6538758 fidelity 562301 surety 2742285 plate glass 1024917 steam boiler 11 02039 burglary and theft 682637 fly wheel 224610 auto and teams property damage and collision 2 241272 workmens collective 78286 336331 57 25 Total 1760591 98 28 Agents balances and sundry ledger assets 28689 50 29 Special bank deposits at agencies 25009 49 30 Deposits in suspended banks 1983 49 30 Aeolian Weber Piano and Pianola Co stock 4375 68 Equity in funds of the Excise Reinsurance Association 68994 68 Equity in funds of the Workmens Compensation Eein surance and Inspection Bureau 9565 53 31 Ledger assets 11635217 56 NonLedger Assets 33 Interest accrued on bonds 62165 28 36 Interest on deposit in National Bank of Commerce New York N Y 90 08 37 Interest on deposit in Bank of New York New York N Y 383 84 38 Bents accrued in companys property or lease 195 02 Total 62834 22 44 Gross assets 11698051 78 Deduct Assets Not Admitted 50 Premiums in course of collection written prior to Oct 1 1913 52 Book value of ledger assets over market value viz Bonds and stocks 248 82066 Aeolian Weber Piano Pianola Co stock 336331 57 700 00 ComptrollerGenerals Eeport 913 55 Special bank deposits at agencies 18169 S6 56 56a 57 Agents balances and sundry ledger assets 28689 50 Total 634 695 08 11063356 70 VLiabilities 1 Losses and claims reported or in process of adjustment Accident 28152780 health 19494907 fidelity 3748898 surety 3873639 plate glass 1380665 steam boiler 1311400 burglary and theft 50 06500 fly wheel 830000 auto and teams property damage and collision 135000 workmens collective 190000 totals 641237 89 3 Losses and claims incurred but not reported Accident 2296954 health 1779575 fidelity 5706 surety 500000 plate glass 346680 steam boiler 1 00000 burglary and theft 348286 auto and teams property damage and collision 20000 workmens collective 10000 total 54072 05 4 Losses and claims resisted Accident 8895000 health 403000 fidelity 950000 surety 429500 steam boiler 752500 burglary and theft 1809000 auto and teams property damage and collision 130000 133690 00 Total losses and claims Accident 39344734 health 21677486 fidelity 4704604 surety 480313S plate glass 1727345 steam boiler 2163900 burg lary and theft 7163786 fly Wheel 830000 auto and teams property damage and collision 285000 workmens collective 200000 total Deduct reinsurance Accident 18750 fidelity 1 96125 surety 499500 total 828999 94 7143 75 17 20 Net unpaid claims except liability and workmens comp claims Accident 39325984 health 21677486 fidelity 4508479 surety 4303639 plate glass 1727345 steam boiler 2163900 burglary and theft 7163786 fly wheel 830000 auto and teams prop erty damage and collision 285000 workmens col lective 200000 total 821856 19 Special reserve for unpaid liability losses and workmens compensation 1506420 14 Total unpaid claims 2328276 33914 ComptrollerGenerals Report 22 26 21 Estimated expenses of investigation and adjustment oi unpaid claims Accident 1500000 health 950000 fidelity 200000 surety 350000 plate glass 1 60000 steam boiler 100000 burglary and theft 350000 fly wheel 62500 auto and teams property damage and collision 10000 workmens collective 17500 total Gross premiums less reinsurance upon all unexpired excise risks written in New York State running one year or less from date of policy S268894 unearned premiums seventyfive per cent Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 759958264 unearned premiums fifty per cent 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of polity 144803548 unearned premiums pro rata 770 93057 total 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after Oct 1 1913 viz Accident 6041552 health 12515469 liability 6686104 workmens compensation 3747986 fidelity 842S15 surety 475158 plate glass 2213541 steam boiler 18 06829 burglary and theft2886641 fly wheel 5 49839 auto and teams property damage and collision 387804 workmens collective 22019 total 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 40 Reinsurance 43 Reserve for contingencies 44 Fidelity insurance fund 45 Unearned premiums retained under contract with Munich Reinsurance Company 46 Suspense account 47 All other 37000 00 62016 70 3799791 33 770930 57 381758 57 4202 03 130914 18 34806 77 400000 00 12958 09 85720 69 6717 26 71 13 51 Total amount of all liabilities except capital 8055163 6o 52 Capital actually paid up in cash 1000000 00 53 Surplus over all liabilities 2008193 05 54 Surplus as regards policyholders 3008193 05 oo Total liabilities 11063356 70CompteollebGenebals Repoet 915 Business in the State of Georgia During the Year Gross premiums less return premiums on risks written or renewed during the year Accident 3777012 health 3321456 liability 1376999 plate glass 447470 steam boiler 771329 burglary and theft 501913 fly Wheel 100365 automobile and teams property damage and collision 59070 total 103556 14 Gross losses paid Accident 2935354 health 21 47331 liability 605702 plate glass 192431 steam boiler 80795 burglary andtheft 133358 automobile and teams property damage and collision 11225 total 61061 96 FIDELITY DEPOSIT COMPANY OF MARYLAND Edwin Warfield President Eobert S Hart Secretary ICapital Stock 1 Amount of capital paid up in cash 3000000 00 2 Amount of ledger assets as per balance December 31 of previous year 8800241 43 3 Increase of paid up capital during the year 1000000 00 IIIncome 1 Gross premiums written and renewed during the year Ac cident 29388219 health 13288661 liability 2 13778832 workmens compensation 40813773 fidel ity 143003751 surety 254505888 plate glass 60606005 burglary and theft 40014327 auto and teams property damage 23333555 workmens collec tive 659808 total 8193008 18 2 Deduct reinsurance Accident 2356894 health 1087111 liability 608088 4374518 surety 9127498 plate glass 20999 burglary and theft 37 53542 total 213286 50 3 Deduct return premiums on policies can celled Accident 593274 health 3 88557 liability 20144985 work mens compensation 1231189 fidel ity 8679292 surety 11239341916 ComptrollerGeneral s Report plate glass 1260047 burglary and theft 1042453 auto and teams prop erty damage 2198121 workmen s col lective 26820 total 468100 79 4 Premium on policies not taken Accident 5129113 health 2673452 liability 37121678 workmens compensation 5608375 fidelity 8340648 surety 10631709 plate glass 6419187 burglary and theft 4116346 auto and teams property damage 4724483 workmens collective 31090 total 847960 81 5 Total deductions Accident 8079281 health 4149120 liability 57874751 workmens compensation 68 39564 fidelity 21394458 surety 30998548 plate glass 7706233 burglary and theft 8912341 auto and teams property damage 6922604 workmens col lective 57910 total 1529348 10 6 Net premiums Accident 21368937 health 9139541 liability 155904081 workmens compensation 339 70209 fidelity 121609293 surety 223507340 plate glass 52899772 burglary and theft 31099986 auto and teams property damage 16410951 work men a collective 511898 total 6663660 08 22 Inspections 1236 74 23 Gross interest on mortgage loans 3178 04 24 Gross interest on collateral loans 3459 60 25 Gross interest on bonds and dividends on stocks less 1691483 accrued interest on bonds acquired during 1913 679179 15 26 Gross interest on deposits in trust compa nies and banks 12201 10 27 Gross interest from all other sources New York excise funds 119595 branch of fice bank deposits 85919 total 2055 14 30 Gross rents from companys property in cluding 6467704 for companys occu pancy of its own buildings 179890 44 31 Total gross interest and rents 879963 47 32 From other sources May 1 1913 for assuming outstanding losses American Bonding Co 46056527 less amount liquidated during year 15142070 balance 309144 57 34 Commissions fees etc 8 046 24 35 Increase in advance premiums over 1912 185 566 27 Increase in return premiums allowed but not claimed over 1912 46192 98ComptrollerGenerals Eeport 91 36 Return premium due for reinsurance 11773 66 37 From agents balances previously charged off 755 74 38 Gross profit on sale or maturity of ledger assets viz Bonds 25000 stocks 2607500 total 26325 00 39 Gross increase by adjustment in book value of ledger as sets viz Bonds 274316 stocks 18071600 collat eral loans 35000 total 183809 16 40 Tntnl income 8316473 91 IILDisbursements 1 Gross amount paid for losses Accident 9982124 health 3746861 liability 68454240 workmens compensa tion 8953463 fidelity 34855479 surety 695 55099 plate glass 19733940 burglary and theft 62 99841 auto and teams property damage 5593279 workmen s collective 564980 total 2277493 06 2 Deduct reinsurance Accident 1180620 health 352363 liability 28874 fidelity 468868 surety 1430700 plate glass 2398 burglary and theft 582010 auto and teams property dam age 28927 total 40747 60 3 Deduct salvage Accident 43572 health 26785 fidelity 7187155 surety 21736055 plate glass 115833 bur glary and theft 281458 total 294908 58 4 Total deduction Accident 1224192 health 379148 liability 28874 fidelity 7656023 surety 231 66755 plate glass 218231 burglary and theft 8 63468 auto and teams property damage 28927 total 335656 18 5 Net amount paid policyholders for losses Accident 87 67932 health 3367713 liability 68425366 workmens compensation 8953463 fidelity 271 99456 surety 46388344 plate glass 19515709 burglary and theft 5436373 auto and teams property damage 5564352 workmens collective 564980 total 1941836 88 17 Collection expenses salvage and recovery 19418 38 18 Investigation and adjustment of claims viz Accident 90410 health 29476 liability 20858380 work mens compensation 627996 fidelity 1062966 surety 2023270 plate glass 89297 burglary and theft 349002 auto and teams property damage 5 71338 total 257021 85918 ComptrollerGenerals Report 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 7174111 health 2495186 liability 412 95859 workmens compensation 41411764 fidelity 34607390 surety 28725033 auto and teams prop erty damage 2063946 workmens collective 126534 total M18780 61 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 388306 96 30 Salaries traveling and all other expenses of agents not paid by commissions 475943 60 31 Medical examiners fees and salaries 169 71 32 Inspection other than medical and claim 63617 77 33 Rents including 6467704 for companys occupancy of its own buildings 122624 45 34 Repairs and expenses other than taxes on real estate 48354 37 35 Taxes on real estate 43514 53 36 State taxes on premiums 83856 01 37 Insurance department licenses and fees 18240 67 39 Federal corporation tax 3244 82 40 Municipal licenses 2793 86 41 State county and city taxes on capital stock 29743 92 42 Corporation tax 1250 00 43 Legal expenses 29810 60 44 Advertising 2Oy021 14 45 Printing and stationery 93015 96 46 Postage telegraph telephone and express 63677 40 47 Furniture and fixtures 25093 49 48 Stockholders for interest or dividends amount declared during the year 88000000 880000 00 50 Home office incidentals 26481 96 51 Exchange on bills checks etc 632 10 52 Home office traveling expenses 26878 17 52y2 Merger expenses A B Co 11245 15 53 Expenses account liquidation Phila Cas Co 73936 00 Paid in settlement claim accident on elevator in building 2272 85 54 Agents balances charged off 10100 22 55 Gross loss on sale or maturity of ledger assets viz Bonds 562 50 56 Gross decrease by adjustment in book value of ledger as sets viz Bonds 9849313 stocks 213418 collateral loans 60000 total 101227 31 57 Total disbursements 6283672 24 rvLedger Assets 1 Book value of real estate 2549827 83 2 Mortgage loans on real estate first liens 108534 00 3 Loans secured by pledge or bonds stocks or other collaterals 105050 00ComptrollerGenerals Beport 919 s 4 Book value of bonds 384361312 and stocks 2121 29300 total 5964906 12 5 Cash in companys branch offices 54871 27 6 Deposit in trust companies and banks not on interest 85703 50 7 Deposits in trust companies and banks on interest 1189498 31 Premiums in course of collection viz Ac cident 6527584 health 3166473 liability 37136434 workmens com pensation 3984180 fidelity 194 96350 surety 25880905 plate glass 5345757 burglary and theft 67 83477 auto and teams property dam age 3538286 workmens collective 14829 total 1118840 73 On policies or renewals issued prior to Oc tober 1 1913 Accident 1566142 health 673837 liability 10094882 workmens compensation 3125382 fidelity 13720175 surety 26391303 plate glass 996306 burglary and theft 1512979 auto and teams property damage 1146241 workmens collec tive 3750 total 592309 97 25 Total 1711150 70 26 Bills receivable 6400 00 27 Other ledger assets viz New York excise premium fund 1233132 New York current loss fund 2028465 New York reserve fund 55598 41 29 Massachusetts workmens compensation reserve fund 1502 46 31 Ledger assets 11833042 60 NonLedger Assets 33 Interest accrued on bonds 535 41 44 Gross assets 11833578 01 Deduct Assets Not Admitted 50 Premium in course of collection written prior to October 1 1913 592309 97 57 Admitted assets 11241268 04 VLiabilities 1 Losses and claims adjusted Accident 52854 health 34854 fidelity 333279 surety 250000 total1 6709 87920 ComptrollerGeneral s Report 2 Losses and claims reported or in process of adjustment Accident 3550557 health 1021858 fidelity 147 05131 surety 38605605 plate glass 697103 bur glary and theft 3561275 auto and teams property damage 2463529 workmen a collective 158515 total 645635 73 4 Losses and claims resisted Fidelity 7165000 surety 31653500 total 388185 00 5 Total losses and claims Accident 3403411 health 10 56712 fidelity 22203410 surety 70509105 plate glass 69703 burglary and theft 3561275 auto and teams property damage 2463519 total 1040530 60 17 Special reserve for unpaid liability and workmens com pensation losses 510585 33 20 Total unpaid claims 1551115 93 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 4613 96732 unearned premiums fifty per cent 2306083 69 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 1 31410935 unearned premiums pro rata 98404375 29 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1913 viz Accident 1125861 health 5 74837 liability 5037272 workmens compensation 833214 fidelity 1658900 surety 3947587 plate glass 1008585 burglary and theft 1170122 auto and teams property damage 730663 workmens col lective 3707 total 160907 48 34 Salaries rents expenses bills accounts fees etc due or accrued 20000 00 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 100000 00 39 Return premiums 126456 70 40 Reinsurance 33845 76 41 Advance premiums one hundred per cent 289990 57 43 Reserve for liquidation claims American Bonding Co re ported prior May 31 1913 309144 57 44 Reserve for liquidation American Bonding Co 100000 00 45 Reserve for liquidation Philadelphia Cas Co 70000 04 51 Total amount of all liabilities except capital 6052488 45ComptrollerGenerals Report 921 52 Capital actually paid up in cash 3000000 00 53 Surplus over all liabilities 2188779 59 54 Surplus as regards policyholders 5188779 59 55 Total liabilities 11241268 04 Business in The State of Georgia During The Year Gross premiums less return premium on risks written or re newed during the year Accident 349144 health 1 92350 liability 1202142 fidelity 2452987 surety 2059082 plate glass 72416 burglary and theft 1 57194 auto and teams property damage 138318 total 66236 33 Gross losses paid Accident 38200 health 207376 lia bility 291760 fidelity 2103733 surety 1963273 plate glass 16965 burglary and theft 23950 auto and teams property damage 8460 total 46537 17 FRANKFORT GENERAL INSURANCE COMPANY OF NEW YORK Home Office 123 Williams St New York City N Y C H Franklin United States Manager and Attorney Thomas I Lynch Ins Agey Attorney for Service in Ga LCapital Stock 1 Amount of capital paid up in cash 250000 00 2 Amount of ledger assets as per balance December 31 of previous year 1548859 66 IIIncome 1 Gross premiums written and renewed during the jear Accident and health 16568946 liability 759 38339 workmens compensation 23571648 burglary and theft 4494010 auto and teams prop dam 20 78524 workmens collective 3453349 total 1351148 16 2 Deduct reinsurance Accident and health 156804 liability 136804 work mens compensation 1254 burglary and theft 848503 22404 41922 ComptbolleeGexebals Kepoet 3 Deduct return premiums on policies can celled Accident and health 249208 liability 5183739 workmens compen sation 968231 burglary and theft 214269 auto and teams prop dam 159795 total 4 Deduct premium on policies not taken Accident and health 2506625 liab ility 6031666 workmens compensa tion 315329 burglary and theft 736940 auto and teams prop dam 270820 workmens collective 15000 67752 42 12670 so 5 Total deductions Accident and health 4009713 liability 11352209 workmens compensation 40 84814 burglary and theft 1799712 auto and teams prop dam 430615 workmens collective 15000 216920 63 6 Net premiums Accident and health 12559233 liability 64586130 workmens compensation 284968 34 burglary and theft 2694298 auto and teams pro dam 1647909 workmens collective 343S349 1134227 53 21 Policy fees required or represented by applications 17116 86 25 Gross interest on bonds and dividends on stocks 47663 42 26 Gross interest on deposits in trust companies and banks 1157 32 32 From other sources Eemittance from home office 60000 00 39 Gross increase by adjustment in book value of ledger assets viz Bonds 13 9 40 Total income 1260177 08 IIIDisbursements 1 Gross amount paid for losses Accident and health 6022251 liability 59637923 workmens compsn 8425527 burglary and theft 1330953 auto and teams property damage 331341 workmens collective 1480791 total 2 Deduct reinsurance Accident and health 668654 burglary and theft 241076 9097 30 3 Deduct salvage Burglary and theft 159 58 4 Total deduction Accident and health 668654 burg lary and theft 257034 total 86 9240 88ComptrollerGenerals Report 923 5 Net amount paid policyholders for losses Accident and health 5353597 liability 59637923 workmens compensation 8425527 burglary and theft 10 73919 auto and teams property damage 330341 workmens collective 1480791 total 763020 98 18 Investigation and adjustment of claims viz Accident and health 645243 liability 7964918 workmens compensation 2313332 109234 93 21 Burglary and theft 2093 32 22 Workmens collective 3822 77 23 Policy fees retained by agents 17116 86 24 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident and health 4646964 liability 15773606 workmens compensation 4290900 247114 70 27 Burglary and theft f081 51 28 Auto and teams property damage 368395 workmens collective 867008 12354 03 29 Salaries fees and all other compensation of officers directors trustees and home office employees 55966 62 30 Salaries traveling and all other expenses of agents not paid by commissions 31626 04 32 Inspection other than medical and claim 17607 04 33 Rents 1 98 36 State taxes on premiums 17614 58 37 Insurance department licenses and fees 4181 27 38 All other licenses fees and taxes Personal property taxes 56944 municipal license and fees 31170 881 14 43 Legal expenses 81 46 44 Advertising 2934 51 45 Printing and stationery 10803 80 46 Postage telegraph telephone and express 6149 72 47 Furniture and fixtures 1 345 1 49 Other disbursements Kemittance to home office 2 82121 miscellaneous expenses 1160332 assessments workmens compensation reinsurance and inspection bureau 274870 total 17173 23 55 Gross loss on sale or maturity of ledger assets viz Bonds 61 7r 56 Gross decrease by adjustment in book value of ledger assets viz Bonds 1 59 57 Total disbursements 1339502 92 IVLedger Assets 4 Book value of bonds 1264810 06 5 Cash in companys offiee 1300 00924 ComPTROLLERGtENERALs REPORT 6 Deposit in trust companies and banks not on interest 6373 31 7 Deposits in trust companies and banks on interest 10167 83 8 Premiums in course of collection viz On policies or renewals issued on or after Oct 1 1913 Accident and health 9 53753 liability 10816086 workmens compensation 4277512 burglary and theft 448322 auto and teams prop dam 315857 workmens collective 543616 total 172551 46 On policies or renewals issued prior to Oct 1 1913 Accident and health 14678 liability 504760 workmens compen sation 235676 burglary and theft 27912 auto and teams prop dam 1167 total 781 S 59 20 Total 28 Cash in hands of trustees 180370 05 6512 57 31 33 35 42 Ledger assets 1469533 S2 NonLedger Assets Interest accrued on bonds 13798 75 Interest accrued on other assets Accrued interest on bank deposits 55 39 Equity in assessments paid workman s compensative reinsurance and inspec tion bureau 4509 81 44 Gross assets Deduct Assets Not Admitted 1487597 77 50 Premiums in course of collection written prior to Oct 1 1913 7818 59 52 Book value of ledger assets over market value viz Bonds 1 15215 06 56 Total 123033 65 Admitted assets l 364S64 12 VLiabilities Losses and claims adjusted Accident and health Losses and claims reported or in process of adjustment accident ind health 1326200 burglary and theft 164825 auto and team property damage 142500 workmens collective 465975 total 1534 25 20995 00ComptrollerGeneral s Report 925 4 Losses and claims resisted Accident and health 18 12125 burglary and theft 242250 marine 3 00000 total 4 Total losses and claims Accident and health 32 91750 burglary and theft 407075 marine 3 00000 auto and teams property damage 142500 workmen s collective 465975 total 6 Deduct reinsurance Accident and health 485925 burglary and theft 119700 total 23543 75 46065 5 6056 25 7 Net unpaid claims except liability claims Accident and health 2805825 burglary and theft 2873 75 marine 300000 auto and teams property damage 1425 00 workmens collective 465975 total 40016 75 17 Special reserve for unpaid liability and workmen s com pensation losses 408852 50 20 Total unpaid claims 448868 75 21 Estimated expenses of investigation and adjustment of unpaid claims Accident and health 147675 burg lary and theft 15125 auto and teams property damage 7500 workmens collective 24525 total 1948 25 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 74350534 unearned premiums fifty per cent 371752 67 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 5842609 unearned premiums pro rata 26873 86 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1913 viz Accident and health 3 53851 liability 2697076 workmens compensation 657535 burglary and theft 135457 auto and teams property damage 71887 workmens collective 91111 total 40069 17 34 Salaries rents expenses bills accounts fees etc due or accrued 1500 00 35 Estimated amount hereafter payable for federal state and other taxes Based upon the business of the year of this statement 15000 00 41 Advance premiums one hundred per cent 5606 07 51 Total amount of all liabilities except capital 911618 77926 ComptrollerGenerals Report 52 Capital actually paid up in cash 250000 00 53 Surplus over all liabilities 20324 35 54 Surplus as regards policyholders 453245 35 55 Total liabilities 1364864 12 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 46000 Liability 125072 burglary and theft 4125 auto and teams property damage 9925 total 1851 22 Gross losses paid Accident and health 2614 liability 26639 total 292 53 THE GENERAL ACCIDENT FIRE AND LIFE ASSURANCE CORPORA TION LIMITED Head Office for the United States 55 John Street New York C NorisMiller Manager for the United States ICapital Stock 1 Amount of capital paid up in cash 250000 00 2 Amount of ledger assets as per balance December 31st of previous year 3021615 42 Extended at 3021615 42 IIIncome 1 Cross premiums written and renewed during the year Ac cident 128523002 health 42978534 liability 2 75767277 workmens compensation 57528121 bur glary and theft 19754837 automobile and teams prop erty damage 46359816 total 5709115 87 2 Deduct reinsurance Accident 4635891 health 1592678 liability 2234835 workmens compensation 27771 bur glary and theft 1467861 total 99590 36 3 Deduct return premiums on policies can celled Accident 604639 health 2 71205 liability 19755847 work mens compensation 398287 burglary and theft 1145433 automobile and teams property damage 5241983 total 274173 94ComptrollerGenerals Report 927 4 Deduct premiums on policies not taken Ac cident 15484763 health 5704695 liability 78921894 workmens com pensation 13954600 burglary and theft 5785644 automobile and teams property damage 13970403 total 1338219 99 5 Total deductions Accident 20725293 health 7568578 liability 100912576 workmens compensation 143 80658 burglary and theft 8398938 automobile and teams property damage 19212386 total 1711984 29 i Net premiums Accident 107797709 health 354 09956 liability 174854701 workmens compensa tion 43147463 burglary and theft 11355899 au tomobile and teams property damage 27147430 total 3997131 58 21 Policy fees required or represented by applications 129369 00 23 Gross interest on mortgage loans 1141 25 25 Gross interest on bonds and dividends on stocks less 461884 accrued interest on bonds acquired during 1913 67292 96 26 Gross interest on deposits in trust companies and banks 1176 45 28 Accounts receivable 94 85 30 Gross rents Trom companys property in eluding 175000 for companys occu pancy of its own buildings 16124 89 31 Total gross interest and rents 85830 40 33 Received from head office Perth Scotland for surplus etc 601913 60 34 Bonus for extension of Minneapolis St Louis R R 5 per cent note 175 00 35 Proceeds from sale of subscription rights to 40 shares of Penn E R stock 235 00 38 Gross profit on sale or maturity of ledger assets viz Bonds 1615 55 40 Total income 4816170 13 IIIDisbursements 1 Gross amount paid for losses Accident 48560402 health 21517833 liability 112696620 workmens com pensation 10037351 burglary and theft 8534014 automobile and teams property damage 13275145 total 2146213 65 2 Deduct reinsurance Accident 2042263 health 680754 liability 1726976 workmens compensation 79630 bur928 ComptrollerGenerals Report glary and theft 309072 automobile and teams property damage 1185747 total 60244 42 3 Deduct salvage Liability 845556 bur glary and theft 108025 automobile and teams property damage 966199 total 19187 80 4 Total deduction Accident 2042263 health 680754 liability 2572532 workmens compensation 79630 burglary and theft 416097 automobile and teams property damage 2151946 total 79432 22 5 Net amount paid policyholders for losses Accident 465 18139 health 20837079 liability 110124088 workmen s compensation 9957721 burglary and theft 8117917 automobile and teams property damage 11123199 total 2066781 43 18 Investigation and adjustment of claims viz Accident 21 29050 health 606838 liability 33170877 work men s compensation 1156756 burglary and theft 8 08530 automobile and teams property damage 26 07024 total 404790 75 23 Policy fees retained by agents 129369 00 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 37058689 health 11592838 liability 517 58662 workmens compensation 13292508 burglary and theft 3849450 automobile and teams property damage 8091438 total 1256435 85 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 156599 23 30 Salaries traveling and all other expenses of agents not paid by commissions 112361 96 31 Medical examiners fees and salaries 11828 55 32 Inspections other than medical and claim 4649 28 33 Rents including 175000 for companys occupancy of its own buildings 31587 72 34 Repairs and expenses other than taxes on real estate 8453 38 35 Taxes on real estate 4014 07 36 State taxes on premiums 67707 42 37 Insurance department licenses and fees 11659 88 39 Federal corporation tax 3163 50 40 Pennsylvania State Tax on Securities 2495 04 43 Legal expenses 7054 95 44 Advertising 10714 53 45 Printing and stationery 54459 39 4li Postage telegraph telephone and express 30465 11CoMPTKOLliEKGrENERAIi s REPORT 929 17 Furniture and fixtures 50 Commission adjustment year 1912 i I nuvention expense 52 Eemittance to home office 53 Miscellaneous expense 54 Agents balances charged off 55 Gross loss on sale or maturity of ledger assets viz Bonds 8370 46 7347 99 4693 62 25000 00 39490 49 16141 09 3071 25 Total disbursements 4521451 94 IVLedger Assets 1 Book value of real estate 3 2 Mortgage loans on real estate first liens 4 Book value of bonds 197984292 and stocks 86 54415 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 1913 Accident 11444044 health 2779271 liability 28106122 workmens compensation 9235592 burglary and theft 1509088 automo bile and teams property damage 19 27994 total 550021 11 On policies or renewals issued prior to Oc tober 1 1913 Accident 5291083 health 202275 liability 13339391 workmens compensation 1192700 burglary and theft 2535051 automo bile and teams property damage 4 36837 total 229973 37 25 Total 26 Bills receivable 27 Other ledger assets viz Accounts receivable 45 agents balances secured 1815387 total S744 31 Ledger assets 213160 58 19000 00 2066387 07 4444319 82364 11 42271 40 779994 48 5271 47 63441 31 3316333 61 NonLedger Assets 32 Interest due 33000 and accrued 33 Interest accrued on bonds 17 on mortgages 518 17 26035 41 44 Gross assets 3342907 19930 ComptrollerGenerals Report Deduct Assets Not Admitted 46 Bills receivable 5271 47 50 Premiums in course of collection written prior to October 1 1913 229973 37 52 Book value of ledger assets over market value viz Bonds 11700792 stocks 2659415 real estate 3316058 ac counts receivable 4528744 agents balances secured 1815387 total 240203 96 Total 475448 80 57 Admitted assets 2867458 39 VLiabilities 1 Losses and claims adjusted Accident 594024 health 198008 burglary and theft 99185 automobile and teams property damage 243100 total 11343 17 2 Losses and claims reported or in process of adjustment Accident 18704011 health 2672217 burglary and theft 1076277 automobile and teams property dam age 2528000 total 259805 05 3 Losses and claims incurred but not reported Accident 1472879 health 890101 burglary and theft 19500 automobile and teams property damage 2 08600 total 25910 80 4 Losses and claims resisted Accident 1149260 health 474920 burglary and theft 132200 automobile and teams property damage 659900 total 24162 80 5 Totals Accident 21920174 health 4235246 burglary and theft 1327162 automobile and teams property damage 4639600 total 321221 82 6 Deduct reinsurance Accident 4919309 health 67800 total 5087109 7 Net unpaid claims except liability and workmens compen sation claims excluding expenses of investigation and adjustment Accident 17000865 health 4067446 burglary and theft 1327162 automobile and teams property damage 4639600 total 270350 73 17 Special renerve for unpaid liability and workmens compen sation losses 563608 00 20 Total unpaid claims 833958 73COMPTROLLERGrENEEAL S REPORT 931 21 Estimated expenses of investigation and adjustment of unpaid claims Accident 258372 health 116255 burglary and theft 90000 automobile and teams prop erty damage 75000 total 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 259838415 un earned premiums pro rata 1189830 19 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 15082195 unearned premiums pro rata 91347 25 5396 27 28 Total unearned premiums as shown by recapitulation 1281177 44 29 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1913 viz Accident 4254740 health 10 31110 liability 5683117 workmens compensation 1847118 burglary and theft 549308 automobile and teams property damage 481998 total 138383 91 34 Salaries rents expenses bills accounts fees etc due or accrued 31599 68 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 74989 68 41 Advance premiums one hundred per cent 23865 40 51 Total amount of all liabilities except capital 2389370 46 52 Capital actually paid up in cash 250000 00 53 Surplus over all liabilities 228087 93 54 Surplus as regards policyholders 478087 93 55 Total liabilities 2867458 39 Business in the State of Georgia During the Year Gross premiums less return premiums on risks written or renewed during the year Accident 3057935 health 1174321 liability 1726971 burglary and theft 26500 automobile and teams property damage 2 18482 total 62042 09 Gross losses paid Accident 2760044 health 666486 liability 806066 automobile and teams property dam age 41623 total 42742 19932 ComptbollebGeneeals Eepobt GEOEGIA LITE INSURANCE COMPANY MACON GEORGIA W E Small President E P Armerine Secretary Wm A Wright Ins Com Ga Attorney for Service 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 939143 28 IIIncome 1 Gross premiums written and renewed during the year Accident 5071900 health 3716800 liability 37925400 fidelity 446300 surety 857300 plate glass 1763000 steam boiler 47800 burglary and theft 777900 auto and teams prop dam 6588900 workmens collective 1040500 totals 2 Deduct reinsurance Accident 260900 health 189200 liability 63900 fi delity 3500 steam boiler 275500 burglary and theft 20900 total 8139 00 3 Deduct return premiums on policies can celled Accident 271200 health 2 39600 liability 2963500 fidelity 4700 surety 35900 plate glass 55600 steam boiler 22000 burglary and theft 29900 auto and teams prop dam 599100 workmens collective 32300 total 42538 00 4 Premium on policies not taken Accident 1302700 health 1052900 liability 7291500 fidelity 29000 surety 206500 plate glass 255500 steam boiler 17800 burglary and theft 117800 auto and teams prop dam 1596700 workmens collective 49600 total 119201 00 5 Total deduction Accident 18340O health 1181700 liability 10318900 fidelity 37200 surety 2 42400 plate glass 311100 steam boiler 315300 burglary ami theft 168600 auto and teams prop dam 21958 00 workmen V collective 81900 582358 00 169878 00COMPTROLLERGrEN ERAL S REPORT 933 ii 27 32 Not premiums Accident 3237015 health 2235075 liability 27606570 fidelity 409115 surety 6 14876 plate glass 1451903 steam boiler 267467 burglary and theft 609250 auto and teams prop dam 4393089 workmens collective 958557 Gross interest on mortgage loans Gross interest on collateral loans Gross interest on bonds and dividends on stocks less 10000 accrued interest on bonds acquired during 1913 Gross interest on deposits in trust companies and banks Gross interest from all other sources Misc accounts Gross rents from companys property including 2 95650 for companys occupancy of its own buildings From other sources Income life department 412479 s 7635 56 68 78 6380 00 1950 86 256 85 37391 31 72821 38 40 Total income 1478126 S5 IIIDisbursements 1 Gross amount paid for losses Accident 2742915 health 1636373 liability 10163771 fidelity 4 40630 surety 258131 plate glass 591879 burg lary and theft 441506 auto and teams property damage 2110070 workmens collective 743260 2 Deduct reinsurance 129618 health 2 15777 total 3153 95 3 Deduct salvage Fidelity 120710 plate glass 4016 burglary and theft 2000 auto and teams property dam age 55728 total 182 5 I i Total deduction Accident 129018 health 215777 Fidelity 120710 plate glass 4016 burglary and theft 2000 auto and teams property damage 55728 total 5 Net amount paid policyholders for losses Accident 2613127 health 1420590 liability 101637 71 fidelity 319920 surety 258131 plate glass 5 8780 burglary and theft 439506 into and teams property damage 2054342 workmens collective 743260 total 18 Investigation and adjustment of claims viz Accident 51885 bealth 13200 liability 2713799 fidelity 30650 Surely 99594 burglary and theft 52809 auto and teams property damage 48704 total 1912s 65 527849 186005 16 30106 41934 ComptrollerGenerals Report 24 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 1624344jhealth 1304790 liab ility 6783871 fidelity 107702 surety 197860 plate glass 472795 steam boiler minus 75599 burglary and theft 191754 auto and teams prop damage 1237375 workmens collective 228163 Salaries fees and all other compensation of officers direc tors trustees and home office employees Medical examiners fees and salaries Rents including 295650 for companys occupancy of its own bldgs 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 Municipal license ami taxes Legal expenses Advertising Printing and stationery Postage telegraph telephone and express Furniture and fixtures Other disbursements Traveling expense 625139 gen eral expense 600741 auditing pay roll reports 75360 disbursements life Dept 3738165 reserve on sale of life business 7575843 total Agents balances charged off Error in agents balance life department Dec 31 1912 Gross loss on sale or maturity of ledger asseis viz Storks Total disbursements 1 VLedger Assets Book value of veal estate Mortgage loans on real estate Loans secured by pledge of bonds stocks or other col laterals Book value of bonds 13268068 ami stocks 25000to ash in company s office Deposit in trust companies ami hanks not on interest Deposits in trust companies and hanks on interest Premiums in course of collection viz On policies or renewals issueI on or after Oct 1 191 Accident 793959 health 611015 liability 8847796 Bdelity 29 31 33 34 35 36 37 38 43 44 45 46 47 49 5 1 54 55 120730 55 38806 28 7til 71 2056 50 13942 a 5580 38 5046 12 2537 20 2528 13 3007 1 1 1007 75 4874 12 2850 36 11 1 67 126152 58 1314 56 345 16 105 00 556271 15 75000 01 117550 00 6000 00 157680 68 2354 10 3601 31 77685 p25 27 29 31 32 33 34 35 38 44 47 50 2 ComptbollekGenerals Report 935 56245 surety 67012 plate glass 4 35976 burglary and theft 211300 auto and teams prop dam 1145743 workmens collective 571885 total 127701 61 On policies or renewals issued prior to Oct 1 1913 Accident 71735 health 38415 liability 68660 fidelity i2750 surety 84282 plate glass 525 burglary and theft 6175 Auto and teams prop dam 4344 total 2768 86 Total 139478 47 Other ledger assets viz Agents balance 15312 63 Advance on contract bond secured 3701 11 Ledger assets 921855 70 NonLedger Assets Interest due 6600 and accrued 177113 on mortgages 1837 13 Interest due on bonds 225 00 Interest on collateral loans 287 50 Interest accrued on other assets 928 79 Rents due on companys property or lease 2220 33 Total 5498 75 Gross assets 927354 45 Deduct Assets Not Admitted Agents balances 15312 63 Premiums in course of collection written prior to Oct 1 1913 r 2708 86 Book value of ledger assets over market value viz Bank 4785 68 Total 22867 1 7 Admitted assets 904487 28 VLiabilities Losses and claims adjusted Accident 63400 health 45200 plate glass 22100 burglary and theft 2000 auto and teams property damage 28000 total 1607 00 Losses and claims reported or in process of adjustment936 ComptrollerGeneral s Report Accident 338600 plate glass 73600 burglary and theft 68500 auto and teams property damage 551800 workmens collective 30000 fcotaJ 13387 00 I Losses and1 claims resisted 400000 health 60000 surety 100000 auto aud teams property damage 208500 totals 7685 00 Total losses and claims Accident 739600 health 4 43800 surety 100000 plate glass 95700 burg lary and theft 70500 auto and teams property dam age 788300 workmens collective 30000 total Deduct reinsurance Accident 15600 health 32500 total 7 Net unpaid claims except liability and workmens comp claims Accident 723944 health 411304 surety 100000 plate glass 95744 burglary and theft 70500 auto and teams property damage 788300 workmens collective 30000 total 17 Special reserve for unpaid liability and workmens com pensation losses 20 Total unpaid claims 21 Estimated expenses of investigation ami adjustment of unpaid claims Accident 25000 health 15000 20 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 29944531 unearned premiums fifty per cent 149 72265 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 268868 unearned premiums pro rata 239190 29 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after Oct 1 1913 viz Accident 297750 health 240375 liability 2211500 fidelity 15455 surety 18425 plate glass 152600 burglary and theft 65503 auto and teams property damage 320796 workmens collective 14 11 2 total 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 40 Reinsurance 43 Accounts payable 44 State and county tax 15 Commuted commission life premium 22679 00 481 00 22107 92 93450 00 115047 92 400 00 1 I722 05 2391 90 34658 16 2500 00 447 15 300 00 3344 63 2500 00 51 Total amount of all liabilities except capital 311912 IIComptrollerGenerals Report 937 52 Capital actually paid up in cash 500900 00 53 Surplus over all liabilities 91674 87 54 Surplus as regards policy holders 592574 S7 55 Total liabilities 904487 28 Business in the State of Georgia During the Year Gross premiums less return premium cu risks written or renewed during the year Accident 1911010 health 15472 77 liability 3352S07 fidelity 152759 surety 405545 plate glass 212883 burglary and theft 133820 auto and teams property damage 5 87696 workmens collective 21567 total 83553 94 Gross losses paid Accident 2082423 health 10 2S567 liability 1659424 fidelity 240385 surety 180569 plate glass 103639 burglary and theft 204735 auto and teams property damage 3 16793 workmens collective 1400 total 58179 35 GLOBE INDEMNITY COMPANY Home Office 45 William St New York N Y Henry W Eaton President A Duncan Reid 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 2821136 39 IIIncome Gross premiums written and renewed during the year Acci dent 25283316 health 9741853 liability 1972 31844 workmens compensation i1205394 fidelity 8828305 surety 29912087 plate glass 13818985 steam boiler 11545729 burglary and theft 310 37313 fly wheel 1402848 auto and teams property damage 35756412 workmens collective 507276 total 4262713 62938 ComptrollebGenbbal s Repobt 2 Deduct reinsurance Accident 3208129 health 915404 liability 2371397 workmens compensation 589837 fidelity 591120 surety 4390251 plate glass 807 steam boiler 3 61151 burglary and theft 4910281 fly wheel 45804 auto and teams prop erty damage 2490 total 173866 71 3 Deduct return premiums on policies can celled Accident 629435 health 2 38386 liability 2371397 workmens compensation 5139223 fidelity 4 75285 surety 1117147 plate glass 644214 steam boiler 1154920 bur glary and theft 1819471 fly wheel 56991 auto and teams property damage 3745604 workmen s collective 80818 total 385218 32 4 Deduct premiums on policies not taken Ac cident 3973117 health 1827100 liability 356443 workmens compen sation 10649682 fidelity 605062 surety 1222024 plate glass 21 37663 steam boiler 2531636 bur glary and theft 5760360 fly wheel 241200 auto and teams property dam age 6946001 workmens collective 52450 total 715906 54 Total deductions Accident 7810681 health 2980890 liability 61436094 workmens compensation 163 78742 fidelity 1671467 surety 6729422 plate glass 2782684 steam boiler 4047707 burglary and theft 12490112 fly wheel 343995 auto and teams property damage 10694095 workmens collective 133268 total 1274991 Xet premiums Accident 17472635 health 0760963 liability 135795750 workmens compensation 448 26652 fidelity 7156838 surety 23182665 plate glass 11036301 steam boiler 7498022 burglary ami theft 18547201 fly wheel 1058853 auto and teams property damage 25062317 workmens collective 3 74008 total js 2987722 05 5 Gross interest on bonds ami ilivilcnis less 446417 accrued interest on bends ac quired during 1913 94570 83CoMPTBOLLEEGrENEBAIi s E EPORT 939 26 Gross interest on deposits in trust compa nies and banks 7312 27 31 Total gross interest and rents 101913 10 38 Gross profit on sale or maturity of ledger assets viz Bonds 729 84 39 Gross increase by adjustment in book value of ledger as sets viz Bonds 744 06 40 Total income 3091109 05 IIIDisbursements Gross amount paid for losses Accident 6689335 health 2537827 liability 56849257 workmens compensation 10619339 fidelity 1414549 surety 1612204 plate glass 4238190 steam boiler 1 80415 burglary and theft 7980250 auto and teams property damages 10283163 workmens collective 1 52072 total 1025566 01 Deduct reinsurance Accident 2241722 health 542999 liability 105100 surety 732011 plate glass 1141 burglary and theft 1847107 total 54700 80 Deduct salvage Liability 83050 fidelity 89196 plate glass 20786 burglary and theft 47995 auto and teams prop erty damage 15500 total 2565 27 4 Total deduction Accident 2241722 health 542999 liability 188150 fidelity 89196 surety 732011 plate glass 21927 burglary and theft 1895102 auto and teams property damage 15500 total 57266 07 5 Net amount paid policyholders for losses Accident 44 47613 health 1994828 liability 56661107 work mens compensation 10619339 fidelity 1325353 surety 880193 plate glass 4216260 steam boiler 180415 burglary and theft 6085148 auto and teams property damage li2f76 workmens collective 1 52072 total 968299 94 18 Investigation and adjustment of claims viz Accident 2 25324 health 53302 liability 16063377 work mens compensation 3249814 fidelity 116681 surety 34744 plate glass 3H054 steam boiler 16810 burglary and theft 597866 auto and teams property damage 1887734 workmens collective 3995 total 222877 01940 CoMPTROLLERG ENEBALs REPORT 21 Commissions or brokerage loss amount received on return premiums and reinsurance for the following classes Accident 5101169 health 2000404 liability 335 15007 workmens compensation 5776418 fidelity 1080033 surety 5357364 plate glass 3590751 steam boiler 1855073 burglary and theft 4580733 fly wheel 300393 auto and teams property damage 5561638 workmens collective 56548 total 693850 31 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 207955 93 30 Salaries traveling and all other expenses of agents not paid by commissions 165953 91 32 Inspection other than medical and claim 72997 97 33 Rents 14123 30 36 State taxes on premiums 32562 29 37 Insurance department licenses and fees 6758 03 40 County and city taxes 5515 59 41 Miscellaneous taxes and fees 1974 50 43 Legal expenses 2667 10 44 Advertising 4719 60 45 Printing and stationery 31817 18 46 Postage telegraph telephone and express 15817 95 47 Furniture and fixtures 16784 16 50 Auditors fees 262500 exchange 29951 bureau sub scriptions 660463 total 9529 14 51 Surety bonds 108844 ice and water 75337 employees meals 239463 total 4236 41 52 Insurance 103892 mercantile reports 129170 publi cations 22713 total 2557 75 56 Gross decrease by adjustment in book value of ledger as sets viz Bonds 2560 74 57 Total disbursements 2485703 87 IVLedger Assets 4 Book value of bonds 173780222 and stoeksf 67865900 total 2416461 22 5 Cash in companys office 399059 73 8 Premiums in course of collection viz Acci dent 3351346 health 1477715 lia bility 21501678 workmens compen sation 9216494 fidelity 1050713 surety 5226788 plate glass 20 18864 steam boiler 1408223 bur glary and theft 4240040 fly wheel 88147 auto and teams properly dam age 3272135 workmens collective 67191 total 52 123 3 1ComptrollerGenerals Report 941 in policies or renewals issued prior to Oc tober 1 1913 Accident 280928 health 90571 liability 3022231 workmens compensation 1474213 fidelity 136615 surety 579057 plate glass 86365 steam boiler 79198 burglary and theft 231985 fly wheel 4500 auto and teams prop erty damage 349243 workmens col lective 4375 total 63392 81 25 Total 592516 15 28 Agents balances 11840 49 29 Workmen s compensation reinsurance 6663 98 31 Ledger assets 3426541 57 NonLedger Assets 33 Interest accrued on bonds 24664 16 I Cross assets 3451205 73 Deduct Assets Not Admitted 50 Premiums in course of collection written prior to October 1 1913 63392 81 53 Bonds and stocks 115551 22 54 Agents balances 11840 49 56 Total 190784 52 57 Admitted assets 3260421 21 VLiabilities 1 Losses and claims adjusted Accident 21160 health 41602 plate glass 12535 burglary and theft 7700 total 829 97 2 Losses and claims reported or in process of adjustment Accident 1866750 health 311250 fidelity 8 40183 surety 975000 plate glass 354838 steam boiler 10000 burglary and theft 2084250 fly wheel 30000 auto and teams property damage 1278500 workmens collective 27000 total 77777 71 3 Losses and claims incurred but not reported Accident 64000 health 50000 plate lass 39000 burglary and theft 19500 auto and teams property damage 291500 total 4640 09942 COMPTKOLiiEKGrENEKAL s REPORT 4 Losses and cl ted Acc 175000 surety 1500000 burglary and theft 100000 auto and teams property damage 347500 totals Total losses ami elaims Accident 3525910 health 4 02852 fidelity 84083 plate glass 406382 steam boiler 10000 burglary and theft 2271450 fly wheel 30000 auto and teams property damage 1917500 workmens collective 270 total Deduct reinsurance Accident 244025 health 54000 burglary and theft 208233 total 35825 00 19072 7 5068 58 7 Net unpaid claims except liability and workmens compen sation claims excluding expenses of investigation and adjustment Accident 3282285 health 348852 fidelity 840183 surety 2475000 plate glass 4 06382 steam boiler 10000 burglary and theft 20 63217 fly wheel 30000 auto and teams property damage 1917500 workmens collective 27000 total 114004 19 17 Special reserve for unpaid liability and workmen s com pensation 213124 66 20 Total unpaid claims 32712s v 21 Estimated expenses of investigation and adjustment of un paid claims Accident 150000 health 25000 fidel ity 201ill surety 45000 plate glass 10000 bur glary and theft 100000 auto and teams property dam age 350000 total 7065 00 20 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 2 40226144 unearned premiums fifty per cent 1201130 71 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 284 53960 unearned premiums pro rata 188135 4 29 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1913 viz Accident 1091533 health 475825 liability 4880883 workmens compensa tion 1560804 fidelity 275853 Surety 1158274 plate lass 263316 steam boiler 339804 burglary and theft 1147779 fly wheel 21411 auto and tms property damage 735576 workmens collective 12571 total 126695 89 34 Salaries rents expenses bills accounts fees due or accrued 8000 00ComptrollerGenerals Eeport 943 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 42000 00 43 Voluntary reserve for claims and contingencies 100000 00 51 Total amount of all liabilities except capital 2004234 74 52 Capital actually paid up in cash 750000 00 53 Surplus over all liabilities 506186 27 54 Surplus as regards policyholders 1256186 27 55 Total liabilities 3260421 21 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident Cr 1751 liabil ity 243254 fidelity 3550 surety 11250 burglary and theft 1567 auto and teams property damage 10710 total 2685 80 Gross losses paid Accident 6237 liability 164867 auto and teams property damage 3518 total 1746 22 GREAT EASTERN CASUALTY COMPANY Louis W Fabel President Thomas W Darling Secretary 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 884461 39 IIIncome 1 Gross premiums written and renewed during the year Ac cident 67134367 health 28619672 plate glass 12204436 burglary and theft 20324558 work men s collective 333298 total 286163 24 2 Deduct reinsurance Accident 24510 09 health 53000 plate glass 16066 bur glary and theft 1619961 total 41400 36 3 Deduct return premiums on policies can celled Accident 1293704 health 9 17208 plate glass 507910 burglary and theft 576725 total 27955 47944 CoMPTROLLERGrENEEAL s REPORT 4 Premium on policies not taken Accident 8876225 health 4648938 plate glass 3411567 burglary and theft 5415233 total 223519 63 5 Total deductions Accident 12620938 health 5119041 plate glass 3935543 burglary and theft 7611919 total 292875 41 6 Net premiums Accident 54513429 health 23500526 plate glass 8268893 burglary and theft 12712639 workmen s collective 333291 total 993287 78 21 Policy fees required or represented by applications 14645 00 23 Gross interest on mortgage loans 9072 61 25 Gross interest on bonds and dividends on stocks less 71280 accrued interest on bonds acquired during 1913 19887 20 26 Gross interest on deposits in trust companies and banks 1189 36 38 Gross profit on sale or maturity of ledger assets viz Bonds 244 50 40 Total income 1038326 45 111Disbursements 1 Gross amount paid for losses Accident 18291072 health 8307677 plate glass 4093589 burglary and theft 4139380 workmens collective 69406 total 2 Deduct reinsurance Accident 924986 health 3392 plate glass 7870 bur glary and theft 561642 total 14978 90 3 Deduct salvage Plate glass 926691 bur glary and theft 83225 total 9399 16 4 Total deduction Accident 924986 health 3392 plate glass 931561 burglary and theft 574867 total 5 Net amount paid policyholders for losses Accident 173 66086 health 8304285 plate glass 3159025 bur glary and theft 3564515 workmens collective 69406 total 18 Investigation and adjustment of claims viz Accident 5 84129 health 71384 burglary and theft 320603 workmens collective 1700 total 23 Policy fees retained by agents 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 25397472 health 9627949 plate glass 2715761 burglary and theft 3283194 workmens collective 12328 total 349011 24 24378 06 124633 is 9868 16 14645 00 410367 04CoMPTROLLERGrENERAL s BepORT 945 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 31 Medical examiners fees and salaries 32 Inspection other than medical and claim 33 Rents 36 State taxes on premiums 37 Insurance department licenses and fees 39 Federal corporation tax 43 Legal expenses 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone and express 47 Furniture and fixtures 48 Stockholders for interest or dividends 50 General expense 51 Journal subscription 52 Traveling expense 54 Agents balances charged off 55 Gross loss on sale or maturity of ledger assets viz Bonds 57 Total disbursements 81367 OS 8451 24 1000 00 1456 40 8000 00 12124 43 4325 96 195 19 455 95 2232 37 11909 61 6313 72 2398 67 20000 00 4620 56 253 75 5646 91 3051 96 2412 25 939530 33 IVLedger Assets 2 Mortgage loans on real estate first liens 4 Book value of bonds 50767324 and stocks 5445000 total 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 Premiums in course of collection viz Acci dent 438644 health 280579 plate glass 260771 burglary and theft 2 73385 total 12 533 79 On policies or renewals issued prior to Oc tober 1 1913 Accident 3991906 health 3981427 plate glass 13 11786 burglary and theft 2861673 total 121167 92 204500 00 562083 24 500 00 908 66 81061 Oil 25 Total 134201 71 U Ledger assets 983257 51946 ComptrollerGenerals Report NonLedger Assets 32 Interest accrued on mortgages 33 Interest on bonds 35 Interest on bank balances 44 Gross assets Deduct Assets Not Admitted 50 Premiums in course of collection written prior to October 1 1913 12533 70 53 Bonds 34623 24 54 Stocks 6210 00 55 Total 57 Admitted assets 8 VLiabilities 2 Losses and claims reported or in process of adjustment Accident 3970045 health 1136043 plate glass 2 30686 burglary and theft 2026916 totalS 3 Losses and claims incurred but not reported Accident 261922 healthy 159423 plate glass 51419 bur glary and theft 31000 total 4 Losses and claims resisted Accident 765416 burglary and theft 221000 total 5 Total losses and claims Accident 4997383 health 12 95466 plate glass 288105 burglary and theft 2 21000 total 6 Deduct reinsurance Accident 306253 burglary and theft 697884 total 7 Net unpaid claims except liability and workmens com pensation claims excluding expenses of investigation and adjustment Accident 4691130 health 12 95466 plate glass 288105 burglary and theft 15 S1032 total 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 79431141 unearned premiums fifty per cent 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 36 41248 unearned premiums pro rata 3023 12 4670 82 118 36 591069 81 53367 03 937702 78 73696 90 5037 64 9864 16 88598 70 1004637 78557 33 397158 22 19753 88ComptrollerGenerals Repot 947 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1913 viz Accident 1619968 health 1578998 plate glass 458134 burglary and theft 824162 total 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 40 Reinsurance 41 Advance premiums one hundred per cent 55 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 1180867 health 337783 burglary and theft 10236 total 15288 86 Gross losses paid Accident 78892 health 84483 total 1633 75 44812 62 1550 14 14531 24 6351 47 2459 45 565174 35 THE HARTFORD STEAM BOILER INSPECTION AND INSURANCE COMPANY OF HARTFORD CONN Lyman B Brainerd President Chas S Blake Secretary Home Office 56 Prospect Street Hartford Connecticut 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 Dee 31 of previous year g j72 422 22 Extended at 5372422 22 Income 1 Gross premiums written and renewed during the year Steam boiler 172734813 fly wheel 7480000 1802148 17 2 Deduct reinsurance Steam boiler 6 17637 fly wheel 14093 total 6317 30948 ComptrollerGenerals Report i Deduct return premiums on policies can celled Steam boiler 9531716 Hy wheel 571502 total 101032 18 Deduct premiums on policies not taken Steam boiler 11760283 fly wheel 449144 total 122094 27 Total deductions Steam boiler 21909636 fly wheel 1034739 total 22943 75 22 23 25 26 28 30 31 38 Net premiums Steam boiler 150825177 fly wheel 6445265 total Inspections Gross interest on mortgage loans less 131268 accrued interest on mortgages acquired during 1913 Gross interest on bonds and dividends on stocks less 224155 accrued interest on bonds acquired during 1913 Gross interest on deposits in trust companies and banks From delinquent premiums Gross rents from companys property including 11 00000 for companys occupancy of its own buildings Total gross interest and rents Gross profit on sale or maturity of ledger assets viz Bonds 4000 stocks 70700 total 1572704 42 41450 88 60049 20 159935 7 7 2823 25 73 52 15137 92 238019 66 747 00 40 Total income 1852921 96 ITTDisbursements 5 Net amount paid polieyholders for Losses Steam boiler 18478325 flywheel 2338037 total 18 Investigation and adjustment of claims viz Steam boiler 24 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Steam boiler 21393446 fly wheel 936733 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 32 Inspections other than medical and claim Bents including 1100000 for companys occupancy of its own buildings 34 Repairs and expenses other than taxes on real estate 5 Taxes on real estate 36 State taxes on premiums 37 Insurance departmenl licenses and fees 208163 62 769 93 223301 79 7 IH tit 304750 71 552060 37 11000 00 6512 28 3225 00 23304 06 9245 16ComptrollerGeneral s Report 949 39 Federal corporation tax In State of Connecticut corporal ion tax 41 Municipal taxes 43 Legal expenses 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone and express 47 Furniture and fixtures 48 Stockholders for interest or dividends 50 Exchange 51 Office expenses 55 Gross loss on sale or maturity of ledger assets viz Bonds 2143 59 24837 50 2019 41 1198 52 1012 19 21814 32 21140 92 5555 14 120000 00 703 17 879 69 611 26 57 Total disbursements 1617653 12 IVLedger Assets 1 Book value of real estate 90300 00 2 Mortgage loans on real estate 1199345 00 4 Book value of bonds 301961020 and stocks 644 92286 total 3664533 06 2045 47 216514 96 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 Oct 1 1913 steam boiler 27880348 fly wheel 888616 total On policies or renewals issued prior to Oct 1 1913 Steam boiler 12137167 fly wheel 310135 totals 287689 64 124473 02 25 Total 28 fash in course of transmission 412162 66 22789 91 31 Ledger assets 5607691 06 NonLedger Assets 32 Interest on mortgages 33 Interest accrued on bonds 35187 80 42216 91 Total 77404 77 44 Oross assets 5685095 S3950 ComptrollerGenerals Report Deduct Assets No Admitted 50 Premiums in course of collection prior to October 1 1913 53 Bonds and slocks 124473 02 148127 26 55 Total 272001 28 57 Admitted assets 5412495 55 VLiabilities 1 Losses and claims reported or in process of adjustment Steam boiler 3974028 fly wheel 225000 total 41900 28 25 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 11659851 unearned premiums fifty per cent 58290 25 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 223633971 unearned premiums pro rata 2254720 39 20 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1913 viz Steam boiler 55 76000 fly wheel 17772 total 57537 92 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 25000 00 51 Total amount of all liabilities except capital 2439986 1 52 Capital actually paid up in cash 11110COO 00 5 Surplus over all liabilities 1072509 40 5 1 Surplus as regards policy holders 2972509 40 55 Total liabilities 5112105 55 Business in the Slate of Georgia Paring the tear Cross premiums less return premiums on risks written or renewed during the year Steam boiler 2202355 fly wheel 93695 total 22960 50 Gross losses paid Steam boiler 837 J9ComptjbollekGenebali s Repobj 951 INTBESTATE CASUALTY COMPANY Home Office Birmingham Ala Henry B Gray President H M Archibald Jr Secretary Wm A Wright Attorney for Service 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 572747 HO IIIncome 1 Gross premiums written and renewed during the year Ac cident 851191 health 573748 liability 185 93543 fidelity 729094 surety 3566517 plate glass 644796 burglary and theft 202937 auto and teams property damage 855689 workmens col lective 4327126 total 2 Deduct reinsurance Accident 33334 health 22681 liability 84753 fidel ity 7500 surety 93796 total 2420 64 3 Deduct return premiums on policies can celled Accident 94957 health 74995 liability 1404931 fidelity 49102 surety 250236 plate glass 54231 burglary and theft 21073 auto and teams property damage 2 55512 workmens collective 713199 total 29182 4 Premiums on policies not taken Accident 145309 health 99057 liability 41 75828 fidelity 85720 Surety 4 95005 plate glass 99450 burglary and theft 13162 auto and teams prop erty damage 74635 workmens collec tive 313800 total 55019 00 Total deductions Accident 273600 health 196733 liability 5665512 fidelity 142322 surety 839037 plate glass 143681 burglary and theft 34235 auto and teams property damage 330147 workmens col lective 1026999 total 303446 41 86622 o952 ComptrollerGenerates Report 6 Net premiums Accident 577591 health 377015 lia bility 12928031 fidelity 586772 surety 2727480 plate glass 491115 burglary and theft 168702 auto and teams property damage 525542 workmens collective 3300127 total 216823 75 28 Gross interest on mortgage loans 3109 11 25 Gross interest on bonds and dividends on stocks 13660 14 26 Gross interest on deposits in trust compa nies and banks 373 00 27 Gross interest from all other sources 1 42 30 Gross rents from companys property 6000 00 31 Total gross interest and rents 23261 33 Increase in guaranteed accounts 65 66 34 Cash from Industrial Ins Co 3202 75 40 Total income 243353 83 IIIDisbursements 1 Gross amount paid for losses Accident 495866 health 148736 liability 5760632 fidelity 5600 surety 1098575 plate glass 202596 burglary and theft 24550 auto and teams property damage 448526 workmens collective 2083579 total 18 Investigation and adjustment of claims viz Liability 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 187754 health 125445 liability 28 51753 fidelity 133674 surety 528148 burglary and theft 47177 auto and teams property damage 140697 workmens collective 709241 total 29 Salaries fees and all other compensation of officers di rectors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 31 Medical examiners fees and salaries 32 Inspection other than medical and claim 33 Bents 34 Bepairs and expenses other than taxes on real estate 36 State taxes on premiums 37 Insurance department licenses and tees 40 City license and taxes 43 Legal expenses 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone ami express 102686 4i 1350 94 48741 94 22633 91 2496 82 400 00 670 60 1677 50 315 77 2706 85 1010 00 1093 87 2635 mi 968 25 2451 65 1650 85 ComptrollerGenerals Report 17 Furniture and fixtures 50 Actuarys inspection 51 Directors meetings 2 Sundry expenses 54 Agents balances chargedoff 7 Total disbursements 4615 15 1299 8i 161 47 114391 187 71 200907 42 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 collaterals 4 Book value of bonds 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 Premiums in course of collection viz On policies or renewals issued on or after October 1 1913 Accident 65600 health 36300 liability 2738007 fidelity 107270 surety 556944 plate glass 145231 burglary and theft 26366 auto and teams property damage 115709 workmens collective 650033 total On policies or renewals issued prior to Oc tober 1 1913 Acident 66200 health 29016 liability 896905 fidelity 18082 surety 331643 plate glass 53187 burglary and theft 6191 auto and teams property damage 6660 work mens collective 197973 total 44414 66 16058 25 Total 26 Bills receivable 28 Guaranteed accounts 29 Advance to agents 30 Accrued interest overdue 31 Ledger assets NonLedger Assets 32 Interest accrued on mortgages 33 Interest accrued on bonds 34 Interest accrued on collateral loans 35 Interest accrued on other assets 145000 00 57893 06 1980 00 280775 00 257 41 1240 04 36413 1 1 60473 23 1630 36 28317 20 314 60 900 00 615194 01 707 84 1937 91 391 71 40 15 44 Gross assets 618171 62 954 ComptrollerGenerals Report Deduci Assets No Admitted 45 Company s loan 1980 00 46 Bills receivable 1630 35 50 Premiums in course of collection written prior to October 1 1913 16058 57 Guaranteed accounts 28317 20 54 Advance to agents 314 60 55 Accrued interest overdue 900 00 56 Total 49200 73 57 Admitted assets 568970 89 VLiabilities 2 Lossesj and claims reported or in process of adjustment Accident 12500 health 25000 fidelity 100000 surety 003000 plate glass 42500 auto and teams property damage 25000 workmens collective 6 25000 total 14330 00 17 Special reserve for unpaid liability and workmens com pensation losses 142800 75 20 Total unpaid claims 157136 75 20 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 121 13201 unearned premiums fifty per cent 60565 00 27 Gross premiums less reinsurance upon all unexpired risk running more than one year from date of policy 1575 unearned premiums pro rata 9110 29 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1913 viz Accident 22963 health 12706 liability 084501 fidelity 32181 surely 167083 plate glass 50850 burglary and theft 7909 auto and teams property damage 28927 workmens collec tive 162508 total 11696 08 34 Salaries rents expenses bills accounts fees etc due or accrued 218 29 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 3078 97 51 Total amount of all liabilities except capital 232790 IsComptrollerGeneral Report 955 52 Capital actually paid up in cash 300000 00 53 Surplus over all liabilities 36180 71 54 Surplus as regards polieyholders 55 Total liabilities 336180 71 568970 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 191009 health 1 70038 liability 752867 fidelity 2730 sillruty 26974 plate glass 13560 burglary and theft 8780 auto and teams property damage 148801 total Gross losses paid Accident 65320 health 72132 lia bility 247508 plate glass 15192 auto and teams property damage 101340 total 13092 99 5014 92 KENTUCKY LIVE STOCK INSURANCE COMPANY I I Whifeliead Secretary Win A Wright Attorney for Service in Georgia ICapital Stock Amount of capital stock paid up in cash 100000 00 Amount of ledger assets as per balanee Dee 31 of previous years 1 1460 20 Increase of paid up capita during the year 122410 00 Extended at ITIncome 8 Live stock premiums written 9 Gross interest on mortgage loans 10 Gross interest on collateral loans 11 Gross interest on bonds and dividends on on slocks 12 Gross interest on deposits in I nisi com panies and hunks 13 Gross interest from all other sources State warrants 14 Capital stock notes 23701 1 2i 78 71 9 1292 41 14 1 10 977 n 909 01 3329 27N 05 956 COMPXKOLLEKG KNEKAL S UePOKT 15 Premium notes 16 Gross rents from companys property 17 Total gross interest and rents 19 Discount on warrants 20 Resale of stock 21 Miscellaneous 22 Surplus on state sales 23 Lien bond on real estate due Mar 17 1914 88 95 014 75 28 Total income 7626 39 84 29 9757 66 502 86 29579 4 7 60000 00 L8572 63 IIIDisbursements 3 4 6 7 8 9 10 II 12 13 18 19 20 21 22 22 23 25 26 27 28 38 Gross amount paid polieyholders for losses Expenses of adjustment and settlement of losses Commissions or brokerage Salaries Salaries fees and all other charges of officers directors trustees and home office employees Kents Advertising 76738 printing and stationery 215405 Postage telegrams telephone and express Legal expenses Furniture and fixtures Repairs and expenses other than taxes on real estate Taxes on real estate State taxes on premiums Insurance department licenses and fees Interest All other licenses fees and taxes Federal corporation tax 36825 examination by state examiners 92615 accounts personal 13299 account payable 57200 total Other disbursements Discount Commission on stock sales Miscellaneous Exchange Commission on real estate Agents balances charged off 40262 00 191 53 13900 00 4329 24 11581 06 1558 50 2921 41 1187 84 726 00 1909 66 118 20 45 30 99 30 1377 70 17 2499 39 79 n 5436 75 1916 58 19 38 1080 00 1 10 05 41 Total disbursements 91521 33 1V Ledger Assets 1 Book value of real estate 154000 00 2 Mortgage loans on real estate 39600 00 I Bool value of bonds 4250000 and stocks 212000 11020 illCompxkollekGen eral s Report 957 5 Cash in companys office 23 14 6 Deposits in trust companies and banks not on interest 10534 15 7 Deposits in trust companies and banks on interest 8713 93 11 Bills receivable taken for live stock 7019 98 12 Other ledger assets viz Ky State warrants 60222 87 14 Interest on State warrants bought 627 40 15 Bills receivable 5849 53 16 Total ledger assets NonLedger Assets 17 Interest accrued on mortgages 1192 4 20 Interest due on bonds 896 13 21 Interest duo and accrued on state arrants 2129 57 22 Interest due and accrued on eerf of de posits 397 64 24 Total 30 Gross asset s Deduct Assets Not Admitted 34 Agente balances representing business written prior to Oct 1 1913 1772 72 35 Bills receivable past due taken for ma rine inland and fire risks 5849 53 40 Total 11 Total admitted assets VLiabilities 1 Gross losses adjusted and unpaid 8 Gross premiums less reinsurance cash and bills re ceived and receivable upon all unexpired inland navigation risks 5994838 unearned premiums fifty per cent 19 Contingent commissions or brokerage due and to be come due 25 Lien bonds on real estate due Apr 17 1914 26 Total amount of all liabilities except capital 27 Capital actually paid np in cash 219160 00 28 Surplus over al liabilities 14934 88 29 Surplus as regards policyholders 30 Total liabilities 331211 00 4615 78 335826 78 7622 25 3282ilt 53 3069 00 29924 19 1126 16 6000I 94109 85 234094 88 328204 53958 ComptrollerGeneral s Report LLOYDS PLATE GLASS INSUKANCE COMPANY Home Office 63 William St New York N Y William T Woods President Charles E W Chambers Secretary William L McNevin 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 970778 76 Extended at 97077S 76 IIIncome 1 Gross premiums written and renewed during the year Plate glass 1 2 Deduct reinsurance Plate glass 349 43 3 Deduct return premiums on policies can celled Plate glass 72521 91 1 Deduct premium on policies not taken Plate glass 63659 05 686311 19 5 Total deductions Plate glass 116530 39 6 Net premiums Plate glass 23 Gross interest on mortgage loans 2DUO 62 25 Gross interest on bonds and dividends on stocks less 14988 accrued interest on bonds acquired 1913 22117 62 30 Gross rents from companys property in cluding 1000000 for companys occu pancy of its own buildings 21950 07 569800 80 31 Total gross interest and rents 34 Borrowed money 37 From agents balances previously charged off 38 Gross profit on sale or maturity of ledger assets viz Stock3 40 Total income 11 Disbursemeuts 1 Gross amount paid for Kisses Plate glass Deduct salvage Plate glass 4606s il 10000 00 23 31 150 ihi 626047 47 231204 20 8170 37 i Xii amount paid policyholders Cor losses 223033 83ComptrollerGeneral s Report 959 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Plate glass 1 86853 72 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 69534 09 33 Rents including 1000000 for companys occupancy of its own buildings 13084 77 34 Repairs and expenses other than taxes on real estate 7192 49 35 Taxes on real estate 7059 00 36 State taxes on premiums 7336 04 37 Insurance department licenses and fees 7702 74 39 Federal corporation tax 977 31 40 Ind revenue stamp tax Hawaiia 100 county taxes 12458 total 125 58 41 City taxes 979 27 42 Canada taxes 544 31 43 Legal expenses 601 96 44 Advertising 5770 51 45 Printing and stationery 3919 44 46 Postage telegraph telephone and express 5739 32 47 Furniture and fixtures 33 95 48 Stockholders for interest or dividends amount declared during the year 5000000 50000 00 50 Sundries 8060 16 51 Building reserve fund 4218 72 52 Borrowed money 10000 00 53 Interest on borrowed money 210 42 54 Agents balances charged off 8560 64 55 Gross loss on sale or maturity of ledger assets viz Bonds 401 20 57 Total disbursements 634072 61 IVLedger Assets 1 Book value of real estate 255763 18 2 Mortgage loans real estate other than first 45500 00 4 Book value of bonds 28842793 and stocks 25962440 total 548052 33 5 Cash in companys office 1645 43 6 Deposit in trust companies and banks not on interest 1738 8 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1913 Plate glass 9285 Id On policies or renewals issued prior to Oc ber 1 1913 Plate glass 1554 70 25 Total 94405 80 31 Ledger assets 962748 57 960 CoMiniiOIVLKKGENERALS RKPOliT Non Ledger Assets 32 Interest accrued on mortgages 19 w 33 Interest accrued on bonds 3447 53 38 Bents accrued on companys property or lease 4142 54 39 Market value of real estate over book value 19236 82 41 Other nonledger assets viz Salvage glass on hand 6 34741 sundry accounts 14500 total 6492 41 44 Gross assets 992600 34 Deduct Assets Not Admitted 47 Salvage glass on hand 6347 41 49 Loans on personal security endorsed or not 145 00 50 Premiums in course of collection written prior to October 1 1913 1554 70 52 Book value of ledger assets over market value viz Bonds 2728518 stocks 4723090 total 74516 08 56 Total 82563 19 57 Admitted assets 910057 15 VLiabilities 1 Losses and claims adjusted Plate glass 17191 90 2 Losses and claims reported or in process of adjustment Plate glass 14209 58 3 Losses and claims incurred but not reported Plate glass 10jOO CO 5 Total losses and claims 41401 48 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 509 66838 unearned premiums fifty per centt 254834 19 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 131 23597 unearned premiums pro rata 58257 19 29 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after Otcober 1 1913 viz Plate glass 39950 37 34 Salaries rents expenses bills accounts fees etc due or accrued 8 80 35 Estimated amount hereafter payable for federalstate and other taxes based upon the business of the year of this statement 9000 00ComptrollerGenerals Beport 961 sy Return premiums 45 Building reserve fund 5 I Total amount of all liabilities except capital 52 Capital actually paid up in cash 250000 00 53 Surplus over all liabilities 264068 19 54 Surplus as regards policyholders 55 Total liabilities Business in the State of Georgia During the Year Gross premiums less return premium on risks written or re newed during the year Plate glass Gross losses paid Plate glass 355 36 1231 57 395988 96 514068 19 910057 15 1192 32 594 25 THE LONDON AND LANCASHIRE GUARANTEE AND ACCIDENT COMPANY OF CANADA Alexander MacLean Manager Bickerstaff Richards Co Attorney for Service ICapital Stock 1 Amount of deposit capital 2 Amount of ledger assets as per balance December 31 of previous year 517340 00 IIIncome 681913 20 Gross premiums written or renewed during the year Accident 4078281 health 1030112 liability 24268019 workmens compensation 11423854 fidelity 382386 surety 255462 plate glass 51 83292 auto and teams prop dam 3885463 total 505068 69 Deduct reinsurance 389173 health 893T24 liability 546983 workmens compensation 56290 fidelity 37062 surety 37500 plate glass 53650 auto and teams prop dam 5666 12156 48 Deduct return premiums on policies can celled Accident 243374 health 39448 liability 1481560 workmens compensation 161483 fidelity 3554 surety 15955 plate glass 248736 auto and teams prop dam 181529 23756 39962 ComptrollerGenerals Report 4 Premium on policies not taken Accident 441027 health 142557 liability 3293359 workmens compensation 818206 fidelity 56522 surety 19686 plate glass 4084 21 auto and teams prop dam 575930 total 57577 02 Total deductions Accident 1073574 health 271329 liability 5323902 workmens compensation 10 35979 fidelity 97138 surety 73136 plate glass 710807 auto and teams prop dam 963125 total 93489 89 6 Net premiums Accident 3004707 health 758783 liability 18944117 workmens compensation 103 87875 fidelity 285248 surety 182327 plate glass 4472485 auto and teams pro dam 3122338 411578 80 25 Gross interest on deposits in trust companies and banks 3234 15 33 Remittances from home office 44176 24 34 Income tax account 35 84 40 Total income 481115 42 IIIDisbursements Gross amount paid for losses Accident 523327 health 130709 liability 1551 iOS workmens compsn 971187 plate glass 1201771 auto and teams property damage 407100 total Deduct reinsurance Accident 6344 liability 16200 plate glass 21036 435 80 Deduct salvage Plate glass 5389 auto and teams property damage 7000 123 89 4 Total deductions Accident 6344 liability 16200 plate glass 26425 auto and teams property damage 7000 total Net amount paid policyholders for losses Accident 516983 health 130709 liability 1535408 work mens compsn 971187 plate glass 1175346 auto and teams property damage 400100 total 47857 02 i59 61 47297 3ComptrollerGeneral s Report 963 18 Investigation and adjustment of claims viz Accident 47443 health 9697 liability 413375 workmens compensation 518592 20 Plate glass 22 Auto and teams property damage 24 Commissions or brokerage less amount received on re turn premiunms and reinsurance for the following classes Accident 790401 health 165089 liability 3098351 workmens compensation 698981 fidelity 32669 surety 34769 plate glass 12 01206 auto and teams property damage 595582 29 Salaries fees and all other compensation of officers directors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 32 Inspection other than medical and claim 33 Rents 36 State taxes on premiums 37 Insurance department licenses and fees 41 Membership fees to boards and bureaus 43 Legal expenses 44 Advertising 45 Printing and stationery 47 Furniture and fixtures 49 Other disbursements Exchange 51 London and Lancashire Fire Insurance Co Ltd 52 Return of cash advanced miscellaneous expenses 57 Total disbursements IVLedger Assets 4 Book value of bonds 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 Premiums in course of collection viz On policies or renewals issued on or after Oct 1 1913 Accident 862309 health 300396 liability 5864051 work mens compensation 5050037 fide ity 70461 surety 47389 plate glass 1044300 auto and teams prop dam 828923 total 140684 66 9891 07 410 75 770 57 66170 48 37463 04 3 00 884 76 3647 76 1030 46 374 L 1 1478 37 660 00 5614 04 26879 09 7420 5o 32 87 1000 00 1181 84 245537 SO 585960 75 2712 02 1603 33 17 51 S6 964 CompteolleeGesteeals Eepoet On policies or renewals issued prior to October 1 1913 Accident 82560 health 5829 liability 630093 work mens compensation 307145 fidelity 4093 plate glass 115360 auto and teams prop dam 52740 totals 11978 20 25 Totals 152662 86 31 Ledger assets 917490 82 NonLedger Assets 33 Interest accrued on bonds 7449 38 44 Gross assets 924940 20 Deduct Assets Not Admitted 50 Premiums in course of collection written prior to October 1 1913 11978 20 52 Book value Of ledger assets over market value viz Bonds 9043 45 57 Admitted assets 903918 55 VLiabilities 1 Losses and claims reported or in process of adjustment Accident 1290000 health 80000 plate glass 29620 auto and teams property damage 543000 20426 20 4 Losses and claims resisted Auto and teams property damage 100 00 5 Total losses and claims Accident 1290000 health 80000 plate glass 129620 auto and teams property damage 553000 total 20526 20 i Deduct reinsurance Accident 110 00 7 Net unpaid claims except liability and workmens comp claims Accident 1279000 health 80000 plate glass 129620 auto and teams property damage 553000 total 20416 20 17 Special reserve for unpaid liability ami workmens com pensation losses 27591 48 20 Total unpaid claims 48007 68CompteollekGenekal s Eepokt 935 21 Estimated expenses of investigation and adjustment of unpaid claims Accident 248759 health 10282 plate glass 7055 auto and teams property damage 7070 total 2731 66 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 40362509 unearned premiums fifty per cent 201 81254 201812 54 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 995246 unearned premiums pro rata 8546 06 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1913 viz Accident 264747 Health 91990 liability 1322304 workmens com pensation 1268463 fidelity 9021 surety 12334 plate glass 299236 auto and teams property dam age 189064 total 34571 59 34 Salaries rents expenses bills accounts fees etc due or accrued 1000 00 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 10123 57 43 Reserve for contingencies 16750 00 51 Total amount of all liabilities except capital 323543 10 54 Surplus as regards policyholders 580375 45 55 Total liabilities 903918 55 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident 12100 health 875 total 121 84 LONDON GUARANTEE AND ACCIDENT CO LTD Home Office Chicago Illinois E W Lawson Genera Manager I lapital Stuck 1 Amount of capital paid up in cash Statu tory deposit 500000 00 2 Amount of ledger isscls as per balance December 31 of previous year 4144117 35966 ComptrollerGenerals Report IIIncome Gross premiums written and renewed during the year Acci dent 12618769 health 2414524 liability 2528 71629 workmens compensation 124600045 steam boiler 3279614 burglary and theft 16190616 credit 36620417 auto and teams property damage 23000478 workmens collective 11462478 total 4830585 To Deduct reinsurance Accident 1520289 health 210849 liability 3176604 steam boiler 1222356 burglary and theft 1575363 credit 400000 auto and teams property damage 292 workmens collective 66035 total 82014 19 Deduct return premiums on policies can celled Accident 347998 health 606 85 liability 26534035 work men s compensation 13805431 steam boiler 339729 burglary and theft 845868 credit 158583 auto and teams property damage 2649638 workmens collective 859285 total 456012 52 Deduct premium on policies not taken Ac cident 1451220 health 444136 liability 19712455 workmens com pensation 4853256 steam boiler 6 11552 burglary and theft 2451283 credit 80000 auto and teams property damage 2896793 workmens collec tive 147653 total 326483 18 Total deductions Accident 3319507 health 715670 liability 49423094 workmens compensation 186 58689 steam boiler 2173637 burglary and theft 4872514 credit 638583 auto and teams property damage 5576354 workmens collective 1072873 total 864510 19 0 Net premiums Accident 9299262 health 1698854 liability 203448535 workmens compensation 1 05941358 steam boiler 1105977 burglary ami theft 11318102 credit 35981834 auto and teams prop erty damages 17121121 workmens collective 103 89505 total Gross interest on mortgage loans 4583 interest on mortgages acquired during 1913 SO 83 3966075 51ComptrollerGenerals Report 967 25 Gross Lnteresl on bonds and dividends or stocks less 1807070 accrued interesl on bonds acquired during 1913 I 12772 ii 26 Gross interest on deposits in rust companies and banks 3168 89 27 Gross interest from all other sources On delayed premiums 236 90 31 Total gross interest and rents 116265 20 33 Cash received from home office 155146 09 40 Total income 4237486 86 IIIDisbursements 1 Gross amount paid for losses Accident 5340915 health 911134 liability 131899321 workmens compensa tion 27636899 steam boiler 1225879 burglary and theft 4346930 credit 24821732 auto and teams property damage 5816791 workmens collective 71 28461 total 2091280 02 2 Deduct reinsurance Accident 1103322 health 23571 steam boiler 346137 burglary and theft 193341 credit 43141 total 17095 12 3 Deduct salvage burglary and theft 36387 credit 6033690 total 60700 77 4 Total deductions Accident 1103322 health 23571 steam boiler 346137 burglary and Hint 229728 credit 6076831 total 77795 8fl 5 Net amount paid policyholders for losses Accident 42 37593 health 887563 liability 131899321 work mens compensation 27636899 steam boiler 8 79742 burglary and theft 4117202 credit 187 44901 auto and teams property damage 7128461 total 2013484 7 18 Investigation and adjustment of claims viz Accident 272175 health 12030 liability 41285034 work mens compensation 3959608 burglary and theft 2 12268 credit 328527 auto and teams property dam age 109101 total 461787 43 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 3335038 health 593334 liability 609 32856 workmens compensation 14339654 steam boiler 329733 burglary and theft 3545944 credit 10680652 auto and teams property damage 47 12555 workmens collective 1831528 total 1002911 94 968 ComptrollerGenerals Keport 29 Salaries fees and all other compensation of officers din tore trustees and home office employees 118943 ia 30 Salaries traveling and all other expensi oi agents noi paid by commissions 110401 04 32 Inspection other than medical and elaim 50750 66 33 Rents n61s 16 36 State taxes on premiums 53387 02 AT Insurance department licenses and fees 5945 52 39 Federal corporation tax 902 7 40 Personal property tax 1869 03 41 State city and county taxes and fees 4833 40 42 Income tax on sterling bonds and consular fees 359 51 43 Legal expenses 1331 45 44 Advertising 13008 31 45 Printing and stationery 2496583 46 Postage telegraph telephone and express 6005 09 47 Furniture and fixtures 5016 95 48 Remitted to home office 42253 67 50 Office and general expenses 8172 89 51 Exchange 2D 1 52 Bureau subscriptions 11486 12 55 Gross loss on sale or maturity of ledger assets viz Bonds 11949 24 57 Total disbursements 4069569 02 IVLedger Assets 2 Mortgage loans on real estate first liens 5500 00 4 Book value of bonds 3196694 56 5 Cash in company s office 2000 00 6 Deposit in trust companies and banks not on interest 2956 90 7 Deposits in trust companies and banks on interest 155433 02 8 Premiums in course on collection viz On policies or renewals issued on or after October 1 1913 Accident 1554730 health 440482 liability 38451927 workmens compensation 24036412 steam boiler 465439 burglary ami theft 2858482 credit 2866000 auto and teams property damage 33 45498 workmens collective 1677559 total 756965 29 On policies or renewals issued prior to Oc tober 1 1913 Accident 185042 health 27150 liability 10482826 workmens compensation 3107902 stam boiler 74564 burglary ami theftComptrollerGen eeaiis Report 969 109366 auto and teams property dam age 313838 workmens collective 3 53334 total 146540 22 25 Total 28 Workmens compensation R I and inspection bureau Cash in hands of branch claim department 29 Agents balances subject to adjustments 30 Traveling suspense account 903505 51 13198 29 6143 10 25058 70 1545 11 51 Ledger assets 4312035 19 NonLedger Assets 32 Interest accrued on mortgages 33 Interest accrued on bonds 45 83 47838 15 44 Gross assets 4359919 17 Deduct Assets Not Admitted 50 Premiums in course of collection written prior to October 1 1913 146540 22 52 Book value of ledger assets over market value 250216 73 53 Cash in hands of branch claim department 6143 10 54 Agents balances subject to adjustment 25058 70 55 Traveling suspense account 1545 11 56 Total 320503 86 57 Admitted assets 4030415 31 VLiabilities 2 Losses and claims reported or in process of adjustment Ac cident 44357 health 785 steam boiler 450 bur glary and theft 10545 credit on polices expiring prior to October 1913 1755 auto and teams property dam age 15875 workmens collective 688314 total 80650 14 4 Losses and claims resisted Accident 30750 burglary and theft 2000 credit on policies expiring prior to October 1913 48000 auto and teams property damage 7600 total 88350 00 Total losses and claims Accident 75107 health 7s5 steam boiler 450 burglary and theft 12545 credil on policies expiring prior to October L913 49755 auto and teams property damage 23475 workmens col leetive 688314 total 169000 14970 ComptkollerGeneeals KeIOKT i Deduct reinsurance Accident 29375 health 50 bur glary and theft 38 total 9463 00 7 Net unpaid claims except liability and workmens com pensation claims excluding expenses of investigation and adjustment Accident 45732 health 735 steam boiler 450 burglary and theft 12507 credit on pol icies expiring prior to Otcober 1913 49755 auto and teams property damage 23475 workmens collective 688314 total 139537 U 17 Special reserve for unpaid liability and workmens compen sation losses 111 18 Special reserve for credit losses on policies expiring in Oc tober November and December 1913 being 50 per cent of 10646583 gross premiums received on said policies less 2924344 paid during said months on losses under said policies 0900 L9 Special reserve for accrued losses on credit policies in force December 31 1913 being fifty per cent of 14932625 earned premiums on said policies r4663 12 21 Estimated expense of investigation and adjustment of un paid claims Accident 1000 burglary and theft 100 credit 2000 auto and teams property damage 400 total 3500 26 Gross premium less reinsurance upon all unexpired risks running one year or less from date of policy 2518 38748 unearned premiums fifty per cent 1259193 74 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 233 38570 unearned premiums pro rata 117319 1 29 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1913 viz Accident 518613 health 1 41231 liability 10395698 workmens compensation 3964546 steam boiler 132271 burglary and theft 808390 credit 859800 auto and teams property damage 842437 workmeng collective 396331 total 180593 17 34 Salaries rents expenses bills accounts fees etc due OT accrued Ils 54 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 54 39 Return premiums 26316 66 lii Reinsurance 2545 03 13 Reserve tor attorney and legal fees liability dept 10000 00 51 Total amount of all liabilities except capital 31 15M I 77ComptrollerGenerals Report 71 Capita paid up in cash statutory deposit 500000 00 53 Surplus over all liabilities 1584600 54 54 Surplus as regards policyboldprs 884600 54 55 Total liabilities 4030415 31 Business in The State of Georgia During The Year Gross premiums less return premium on risks written or re newed during the year Accident 272194 health 76976 liability 1434530 steam boiler 12575 burglary and theft 97835 auto and teams property damage 154645 workmens collective 15377 total 20333 78 Gross losses paid Accident 125049 health 162552 liability 771376 burglary and theft 3192 auto and teams property damage 88018 total 1 1501 87 LOYAL PROTECTIVE INSURANCE COMPANY S Augustus Allen President Francie B Forbes 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 389398 5 I IIIncome 1 Gross premiums written and renewed during the year Ac cidenl and health 538l6l 54 3 Deduct return premiums on policies cancelled Accident and health 2475 28 6 Net premiums 535626 26 21 Policy fees required or represented by applications 57480 00 25 Gross interest on bonds and dividends on stocks less 15158 accrued interest on bonds acquired during 1913 12238 12 26 Gross interest on deposits in trust companies and hanks 2022 63 30 Gross rents from companys leased prop erty 210 00 31 Total gross interest and rents 11171 05972 COMPTROLLBRG ENEKALS REPORT 36 Checks not presented for payment 37 From agents balances previous charged off to Total income ill Disbursements 1 Gross amount paid for losses Accident and health 18 Investigation and adjustment of claims viz Accident and health 23 Policy fees retained by agents 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident and health 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 31 Medical examiners fees and salaries 33 Rents 36 State taxes on premiums 37 Insurance department licenses and fees 38 All other licenses fees and taxes Federal corporation tax tax includes 91279 for excess tax for 1909 bill ren dered during 1913 paid under protest 104842 care of funds Mass 50 Wise 25 cents franchise tax Ark 100 Vt 4375 Tenn 20 Miss 2653 Calif 17410 Kan school 50 filing fees Mont 8 Idaho 2 W Va 10 license tax Canadian Prov inces 5625 Calif 2 Mass Sec State eertt 32 total 43 Legal expenses 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone and express 47 Furniture and fixtures 48 Stockholders for interest or dividends amount declared during the year 10000 49 Other disbursements Ins and bonding companies 20045 insurances journals and association 54465 office sup plies 179697 officers traveling expenses 35229 badges 52823 exchange 22062 health bureau 65650 petty cash 11744 safe deposit bos mission for purchase of stocks 3124 total 54 Agents balances charged oft 56 Cross decrease by adjustment in book value of ledger as sets viz Bonds 71 99 L3 16 607662 76 306426 18 3889 62 56651 00 50745 57 72418 78 12130 38 243 00 5565 20 8713 17 417 25 1646 30 7997 13 L386 72 7248 74 8442 Hi 2MM 57 10000 00 446S 39 192 54 205 00CompteollbeGeneeal s Kepoet IVLedger Assets 4 Book value of bonds 28636864 and stocks 4110939 total 5 Cash in companys office 7 Deposits in trust companies and banks on interest 31 Ledger assets NonLedger Assets 33 Interest accrued on bonds 38 Bents due and accrued on companys property or lease 44 Gross assets Deduct Assets Not Admitted 52 Book value of ledger assets over market value viz Bonds 931864 stocks 230939 total i7 Admitted assets VLiabilities 2 Losses and claims reported or in process of adjustment Accident and health 3 Losses and claims incurred but not reported Aeeident and health 4 Losses and claims resisted Accident and health 5 Total losses and claims Accident and health 21 Estimated expenses of investigation and adjustment of un paid claims Accident and health 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 14946250 unearned premiums pro rata 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 41 Advance premium one hundred per cent 43 Excess of Canadian deposit over Canadian liabilities 51 Total amount of all liabilities except cital 973 327478 03 600 00 104231 72 432309 75 3856 43 3865 43 436175 18 11628 03 424549 15 69256 00 13000 00 744 00 83000 00 407 32 99641 67 500 00 8286 81 6015 50 2388 57 200239 87974 ComptrollerGenerals Report pital actually paid up in cash 100000 00 53 Surplus over all liabilities 124307 28 54 Surpius us regards policyholden 2243117 2s 55 Total liabilities 2454 15 Business inthe State of Georgia During the Year Gross premiums less return premium on risks written or re newed during the year Accident and health 1806 2o Gross losses paid Accident and health 1204 64 MARYLAND CASUALTY COMPANY John T Stone President lames F Mitchell Secretary A Haas Sen Howell Attorneys for Service in Georgia 1Capital Stock 1 Amount of capita paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 1 of previous year 6999910 26 IIIncome ss premiums written and renewed during the year Health 383547 74 liability 327637337 work mens compensation 70429881 fidelity 37326934 surety 59273896 plate glass 34610636 steam boiler burglary and theft 40424273 sprinkler 16583912 fly wheel 3542148 auto and teams prop dam 20494590 workmens collective 922036 54 175288 phys i 5742974 total 2 Deduct reinsurance Accident 5328017 S7965 liability 217615 fidi jn plate gli y and theft 942408 sprinkler 2227 phys uefi i Deduct return premiums on policies can led Accident 170152 health 837 liability 19891318 workmens smis fidelity 7 57215 Burety 2858627 plate glass 7949882 66 155195 29COMPTROLLERGrENERALS REPORT 17 i 2117 31 steam boiler 876861 burg lary and theft 198464 sprinkler 1 81055 fly wheel 43670 auto and teams prop dam 284275 workmens collective 373458 phys defense 35801 total 301521 62 4 Premium on policies not taken Accident 16332177 health 8142404 liability 49712397 workmens compensation 7256244 fidelity 64143 61 surety 7522064 plate glass 5749068 steam boiler 8138206 burglary and theft 8561681 sprinkler 4703496 fly wheel 675784 auto and teams prop dam 5093780 workmens col lective 1042076 phys defense 14 24632 total 1307683 70 5 Total deductions Accident 21880346 health 9881206 liability 698213 30 workmens compensation 114 44942 fidelity 11250685 surety 13271211 plate glass 6029515 steam boiler 9015067 burglary and theft 9702553 spkr 5206878 fly wheel 7 19454 auto and teams prop dam 5378055 work mens collective 1415534 phys defense 1473285 total 1764400 61 6 Net premiums Accident 70373308 health 28473568 liability 257816007 workmens compensation 589 84939 fidelity 26076249 surety 46002685 plate glass 28581121 steam boiler 29672902 burglary and theft 30721720 sprinkler 11377034 fly wheel 2822694 auto and teams prop dam 15116535 workmens collective 8259754 phys defense 42 69689 total 6185482 05 23 Gross interest on mortgage loans 280 oO 25 Gross interest on bonds and dividends on stocks less 456344 accrued interest on bonds acquired during 1913 186275 93 26 Gross interest on deposits in trust companies and banks 1979 26 29 Interest on bills receivable 1994 05 30 Gross rents from companys property including 02 14464 for companys occupancy of its own buildings 114220 92 38 Gross profit on sale or maturity of ledger assets viz Bonds 101685 stocks 6587 total 1082 72 39 Gross increase by adjustment in book value of ledger assets viz Bonds 991356 stocks 851250 total 18466 06 40 Total income 6509739 49976 ComptrollerGenerals Kepobt IIIDisbursements 1 Gross amount paid for losses Accident 41009009 health 13779987 liability 172010082 workmens compsn 17371990 fidelity 10236316 surety 216 94580 plate glass 12333330 steam boiler 7712443 burglary and theft 9561296 sprinkler 4533730 fly wheel 22000 auto and teams property damage 5631235 workmens collective 5610751 live stock 1563269 total 2 Deduct reinsurance Accident 2562649 health 954905 fidelity 1094526 surety 3628395 burglary and theft 602324 total 88427 99 3 Deduct salvage liability 203993 fidel ity 1245336 surety 4433806 plate glass 288816 steam boiler 9788 burglary and theft 140716 sprinkler 539537 total 68619 92 3230700 21 3073652 4 Total deduction Accident 2562649 health 954905 liability 203993 fidelity 2339862 surety 80 62201 plate glass 288816 steam boiler 9788 burglary and theft 743040 sprinkler 539537 157047 91 5 Net amount paid policy holders for losses Accident 38446360 health 12823082 liability 1718 06089 workmens compsn 17371996 fidelity 7896454 surely 13632379 plate glass 120 44514 steam boiler 7702655 burglary and theft 8818256 sprinkler 3994193 fly wheel 22000 auto and teams property damage 5631235 work mens collective 5610751 live stock 1563269 18 Investigation and adjustment of claims viz Accident 2699773 health 663145 liability 47770013 workmens compensation 3629302 fidelity 578658 surety 1901519 plate glass 448313 steam boiler 527101 burglary and theft 9837920 sprinkler 284874 auto and teams properly damage 377151 workmens collective 327863 pins defense 9 94296 total 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 25364567 health 8682900 liability 58437167 workmens compensation 8261238 26 Fidelity 6543081 surety 11614237 plate glass 93 51 steam boiler 7659604 total 1007458 72 27 Burglary and theft 8732086 sprinkler 2609973 113420 352157 73 53ComptrollerGeneral s Report 977 28 Fly wheel 721509 auto and teams property damage 3266470 workmens collective 1814414 phys defense 1218238 total 70206 31 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 338051 63 30 Salaries traveling and all other expenses of agents not paid by commissions 186924 17 31 Medical examiners fees and salaries 5000 00 32 Inspection other than medical and claim 191279 44 33 Kents 6214464 34 Repairs and expenses other than taxes on real estate 39560 71 35 Taxes on real estate 19009 58 36 State taxes on premiums 97737 31 37 Insurance department licenses and fees 20277 77 38 All other licenses fees and taxes Federal corporation tax 117333 municipal licenses 597207 tax on capital stock 32174 17 39319 57 43 Legal expenses 11475 66 44 Advertising 29070 32 45 Printing and stationery 34610 35 46 Postage telegraph telephone and express 14931 18 47 Furniture and fixtures 11806 37 48 Stockholders for interest or dividends 200000 00 49 Other disbursements Profit sharing disbursements 17 47635 traveling 582515 bureaus and associations 1441984 exchange and interest 390277 miscel laneous office expenses 399623 total 45620 34 55 Gross loss on sale or maturity of ledger assets viz Bonds 6377 67 56 Gross decrease by adjustment in book value of ledger assets viz Bonds 167786 71 57 Total disbursements 674523704 IVLedger Assets 1 Book value of real estate 1254087 79 2 Mortgage loans on real estate 4317 46 4 Book value of bonds 357752559 and slocks 450y 65500 total 4028180 59 5 Cash in companys office 7601 52 7 Deposits in trust companies and banks on interest 2961 72 67 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1913 Accident 10932096 health 4164200 liability 44621700 workmens compensation 9163358 fidelity 3037585 surety 7433912978 ComptrollerGenerals Report plate glass 1290498 steam boiler 4856160 burglary and theft 61 51620 sprinkler 1950703 fly wheel 463412 auto and teams prop dam 1720845 workmens collective 3 42386 phys defense 543901 total 996723 76 2 On policies or renewals issued prior to Oct 1 1913 Accident 394552 health 90418 liability 4701417 workniens compensation 598180 fidelity 10 17178 surety 6705087 plate glass 230397 steam boiler 200582burg lary and theft 175799 sprinkler 56376 fly wheel 102953 auto and teams prop dam 19033 workmens col lective 57673 phys defense 15008 143646 53 25 Total 1140370 29 26 Bills receivable 19800 49 28 Reinsurance losses due from other companies 3827 58 29 Agents balances 10054 32 31 Ledger assets 6764412 71 NonLedger Assets Interest accrued on bonds 27799 64 37 Certificate of deposit 500000 Atlantic Nat Bank Jacksonville Pla 11 67 II Cross assets 6792224 02 Deduct Assets Not Admitted 16 Bill receivable 19800 49 50 Premiums in course of collection written prior to Oct 1 1913 143646 53 56 Total 1634 17 02 57 Admitted nssois 6628777 00 VLiabilities I Losses ami claims resisted for policyholders Steam boiler 10850 00 Losses and claims reported or in process of adjustment Accident 9514472 health 2061617 fidelity 27 18863 surety 6106616 plate glass 1567062CoMPTROLLERGeNERALs REPORT 979 steam boiler 738617 burglary and theft 2572728 sprinkler 1273988 auto and teams prop dam 2337000 workmens collective 767400 total 296583 63 4 Losses and claims resisted Accident 2647500 health 50000 fidelity 5645531 surety 9267243 steam boiler 40000 burglary and theft 1690000 sprink ler 12500 fly wheel 75000 auto and teams prop erty damage 187500 total 196152 77 5 Total losses and claims Accident 12161971 health 2111017 Fidelity 8364394 surety 153738 62 plate glass 1567062 steam boiler 1863617 burg lary i and theft 4262728 sprinkler 1286488 fly wheel 75000 auto and teams property damage 2524500 workmens collective 767400 total 503586 10 17 Special reserve for unpaid liability and workmens com pensation losses 841983 00 20 Total unpaid claims 1345569 40 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 427936237 unearned premiums fifty per cent 2139681 19 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 117383216 unearned premiums pro rata 627368 59 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after Oct 1 1913 viz Accident 3935554 health 1282574 liability 10441618 workmens compensa tion 1310360 fidelity 811035 surety 1992288 plate glass 1407283 steam boiler 1209184 burg lary and theft 1759363 sprinkler 446711 fly wheel 130219 auto and teams properly damage 356214 workmens collective 63314 pliys de fense 152292 total 253073 03 34 Salaries rents expenses bills accounts fees etc due or accrued 8329 Oo 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 105935 65 40 Reinsurance 51 Total amount of all liabilities except capital 4503129 79 980 CoMPTBOLLERGENEBAIis REPORT 52 Capita actually paid up id cash 1000000 00 53 Surplus over all liabilities 1125647 21 54 Surplus as regards policyholdrs 2125647 I 55 Total liabilities 6628777 00 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident 2053902 health 1556633 liability 7708573 fidelity 363752 surety 434671 plafe glass 599159 steam boiler 757378 burglary and theft 554781 sprinkler 162350 fly wheel 151991 auto and teams prop erty damage 815115 workmens collective 20049 phys defense 49650 total 152280 03 Gross losses paid Accident 719162 health 1038425 liability 4238923 fidelity 638 surety 293517 plate glass 273311 steam boiler 29225 burglary and theft 149979 auto and teams property damage 3386 27 workmens collective 2650 total 70844 47 MASONIC MUTUAL ACCIDENT COMPANY Clyde V young President Samuel W Munsell Secretary Walter E Jones Attorney for Service ICapital Stock 2 Ammill of ledger assets as per balance December 1 of previous year 27754 85 IIIncome 1 Gross premiums written and renewed dnring the year Ac cident and health 63 036 82 t Deduct return premiums on policies cancelled Accident and health 204 44 6 Net premiums Accident and health 62832 38 21 Policy fees required or represented by applications 15410 00 25 Cross interest on bonds less 42 accrued interest mi bonds acquired during 191 937 i7ComptrollerGeneral s Report 981 31 40 Gross interes ii deposits in trust compa nies and banks Total gross interest and rents 126 27 1063 94 Total income 79306 32 IIIDisbursements 1 Gross amount paid for losses Accident and health 30158 35 18 Investigation and adjustment of claims viz Accident and health 23 Policy fees retained by agents 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident and health 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 31 Medical examiners fees and salaries 33 Rents 36 State taxes on premiums 37 Insurance department licenses and fees 40 Taxes on investments 41 Corporation license Cal 43 Legal expenses 44 Advertising printing and stationery 46 Postage telegraph telephone and express 47 Furniture and fixtures 50 Traveling expense of officers 51 Miscellaneous expense 54 Agents balances charged off 57 Total disbursements IVLedger Assets 4 5 7 28 29 31 33 Book value of bonds Cash in companys office Deposits in trust companies and banks on interest Agents balances Interest in hands of state treasurer 500 15 15410 00 9115 69 10307 00 1881 73 344 83 1054 00 505 72 576 00 4 09 10 00 363 41 2049 23 1672 30 355 fin 1023 00 716 88 342 17 Lodger assets v NonLedger Assets Interest accrued on bonds 76390 15 23292 60 1624 92 5095 14 478 36 180 00 30671 02 428 76 982 JomptrollerGenerals Report IJ furniture aud fixtures 12 Supplies in hand I I Gross ets Deduct Assets Not Admitted 47 furniture and fixtures 48 Supplied printed matter and stationery 53 Hook value of bonds over market value 54 Agents balances 1200 00 500 00 L227 in 47S 36 Admitted assets VLiabilities 2 Losses ami claims reported or in process of adjustment Accident and health 27 Iross premiums less reinsurance upon all unexpired risks running more than one year from date of policy un earned premiums pro rata 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October I 1913 viz Accident ami health 34 Salaries rents expenses hills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement II Advance premiums one hundred per cent 51 Total amount of all liabilities except capital 53 Surplus over all liabilities 1200 00 500 mi 32799 7s 2939 N2 2884 70 5231 ISO 86 314 11 547 80 t ci 7o 12465 67 16928 15 55 Total liabilities 9393 83 THE MASONIC PROTECTIVE ASSOCIATION Francis A Harrington President Prank C Harrington 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 342899 39ComptkollkrGenekals RlilOKT IIIncome 1 Gross premiums written and renewed during the year Ac cident and health 3 Deduct return premiums on policies cancelled Accident and health 983 393503 5n 438 42 6 Net premiums Accident and health 21 Policy fees required or represented by applications 25 Gross interest on bonds and dividends on stocks 11540 8 26 Gross interest on deposits in trust eompa 393035 OS 54326 00 nies aud banks 7H7 94 31 Total gross interest and rents 33 Collectors overremittances 38 Gross profit on sale or maturity of ledger assets viz Bonds 14248 82 4 15 150 00 40 Total income 461794 OS IIIDisbursements 1 Gross amount paid for losses Accident and health 91 98063 health 10574100 total 18 Investigation and adjustment of claims viz Accident and health 23 Policy fees retained by agents 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident and health 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 30 Salaries traveling and all other expenses of agents mn paid by commissions 33 Rents 36 State taxes on premiums 37 Insurance department licenses and fees 39 Federal corporation tax 40 State corporation tax 43 Legal expenses 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone ami express 47 Furniture and fixtures 48 Stockholders for interest or dividends aant declared during the year 500000 197721 63 3378 2 53638 20 29385 01 47202 22 7563 SO 1542 34 4898 15 2200 42 205 69 1792 tin 129 US 1623 99 5328 24 6237 91 111 I 79 5000 on984 ComptrollerGeneral s Report 50 Miscellaneous 54 Agents balances charged off 1016 05 7 90 57 Total disbursements 370442 31 IVLedger Assets 4 Book value of bonds 301743 50 5 Cash in companys office 531 32 7 Deposits in trust companies and banks on interest 131876 31 31 Ledger assets 434251 13 NonLedger Assets 33 Interest accrued on bonds 44 Gross assets 5213 07 Deduct Assets Not Admitted 52 Hook value of ledger assets over market value viz Bonds 7 Admitted assets VLiabilities 439464 20 12130 17 427334 03 2 Losses and claims reported or in process of adjustment Ac cident 1580868 health 2922882 total 45037 50 3 Losses and claims incurred but not reported Accident 5 33094 health 625806 total 11589 00 4 Losses and claims resisted t Accident 825 health 830 total 1655 00 5 Total losses and claims Accident 2196462 health 36 31688 total 21 Estimated expenses of investigation and adjustment of un paid claims Accident and health 26 Gross premiums less reinsurance upon all unexpired risks running 3 months from December 1 1913 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 42 Other liabilities 52 Capital actually paid up in cash 100000 00 53 Surplus over all liabilities 17 562 53 54 Surplus as regards policyholde 55 Total liabilities 58281 i 421 74 82499 00 1937 96 786 30 1770 00 274562 53 427334 03COMPTBOLLEBG ENEKALS RePOBT Business in the Stale of Georgia During the Year Gross premiums loss return premiums on risks written or renewed during the year Accidenl and health Gross losses paid Accident and health 985 14129 56 7948 79 MASSACHUSETTS BONDING AND INSURANCE COMPANY Home Office 7785 State Street Boston Massachusetts T J Falvcy President John T Burnett Secretary ICapital Stock 1 Amount of capital paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 31st of previous year 2913544 Kxtended at ITIncome 1 Gross premiums written and renewed during the year Ac cident and health 49210674 liability 1795309 07 workmens compensation 44480380 fidelity 338 91296 surety 50150593 plate glass 19419136 burglary and theft 23073571 auto and teams prop erty damage 6992082 total 2 Deduct reinsurance Accident and health 949099 liability 2596967 work mens compensation 168885 fidelity 2406091 surety 3931674 plate glass 3267 burglary and theft 22 22970 total 3 Deduct return premiums on policies can celled Accident and health 592674 liability 9572382 fidelity 2610918 surety 4658376 plate glass 595973 burglary and theft 1209201 total Deduct premiums on policies not taken Ac cident and health 6378533 liability 26241555 workmens compensation 7404075 fidelity 3036476 surety 4383122 plate glass 3245166 bur glary and theft 4295778 auto and teams property damage 1723573 total 2913544 22 4067031 39 122789 53 192395 24 I 56708278 5 Total deductions Accident and health 7920306 liability 38410904 workmens compensation 7572960 fidel986 ComptrollerGenerals Report ity 8053485 surety 12973172 plate glass 38 I IImi burglary and theft 7727949 auto and tearis property damage 1723573 total 882267 55 31 30 Net premiums Accident and health 41290368 liability 141120003 workmens compensation 36907421 fidelity 25837811 surety 37131921 plate glass 15574730 burglary and theft 15345622 auto and teams property damage 5268509 total 3184763 84 Policy fees required or represented by applications 14692 00 Gross interest on bonds and dividends on stocks less 144323 accrued interest on bonds acquired during 1913 78163 77 Gross interest on deposits in trust compa nies and banks 2248 04 Gross interest from all other sources Bills receivable 30 62 Gross rents from companys property 1230 25 31 Total gross interest and rents 2 Prom other sources Sale of rights on No Boston Lighting Properies stock 81672 68 100 00 40 Total income 3281228 12 IIIDisbursements 1 Iross amount aid for losses Accident and health 177 11940 liability 33525133 workmens compensation 17345148 fidelity 3543105 surety 15886844 plate glass 6292083 burglary and theft 4844800 auto and teams property damage 1623867 total 2 Deduct reinsurance Accident and health 543849 burglary and theft 4 50705 total 9945 54 Deduct salvage fidelity 822783 sure ty 2590661 plate glass 57334 bur glary and theft 75493 total 35462 71 100772 20 4 Total deduction Accident and health 543849 fidelity 822783 surety 2590661 plate Klass 4C7s4 bur glary and theft 526198 total 45408 2 Net amount paid policyholders for losses Accident and health 17168091 liability 33525133 workmens compensation 17345148 fidelity 2720322 surety 13296183 plate glass 6234749 burglary and theft 4318602 auto and teams property damage 1623867 total a 962320 91ComptrollerGenerals Report 987 18 Investigation and adjustment of claims viz Accident and health 438515 liability 7702868 workmens com pensation 3851434 fidelity 507776 surety 24 68175 plate glass 146806 burglary and theft 4 27532 auto and teams property damage 25940 total 155690 46 23 Policy fees retained by agents 14692 00 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident and health 12892645 liability 29046848 workmens compensation 1402723 adelity 5896654 surety 10726730 plate glass 4579895 burglary and theft 3699843 auto and teams property damage 672375 total 689177 13 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 152833 21 30 Salaries traveling and all other expenses of agents not paid 245897 12 by commissions 32 Inspection other than medical and claim 20748 9b F 16423 16 33 Rents 34 Repairs and expenses other than taxes on real estate 35 Taxes on real estate 31 043 04 36 State taxes on premiums J 37 Insurance department licenses and fees 12989 99 39 Federal corporation tax 40 State county municipal and sundry licenses fees and 4 2530 so taxes 43 Legal expenses 12563 60 4 221 52 44 Advertising S 1 35 33 45 Printing and stationery 46 Postage telegraph telephone and express 24369 47 Furniture and fixtures 48 Stockholders for interest or dividends amoun declared during the year 80000 80000 49 Other disbursements Traveling exp 2858757 insur ance 171249 official examination 14233 supplies 297424 light and heat 161736 mercantile agen cies 881 un bills and tariff assns 583668 pay roll audits 1568782 miscellaneous 623517 dividends to policyholders 13522 total 62809 8 54 Agents balances charged off 246988 agents suspense P WTO S4 account 140996 total db 55 Gross loss on sale or maturity of ledger assets viz Bonds m i T 1 2559151 61 57 Total disbursements IV Ledger Assets i i 1 1000 00 1 Book value of real estate T988 ComptrollerGenerals Kepokt 4 Book value of bonds 191947274 and stoeks 25453542 total 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 Premiums in course of collection viz On policies or renewals issued on or after October 1 1913 830723 21 On policies or renewals issued prior to Oc tober 1 1913 101962 97 25 Total 26 Bills receivable 27 Other ledger assets viz Workmens compensation insur ance and inspection bureau fund 690613 due from Penn Casualty Co account additional premiums 9 74130 Boston Maine E C Co 5222 total 2174008 16 6245 41 72516 89 418841 69 932686 18 623 15 16699 65 31 Ledger assets 3635621 13 NonLedger Assets 33 Interest accrued on bonds 23415 85 35 Interest accrued on bank deposits 1021 3 42 Due from other companies for reinsurance on paid losses 467 50 44 Gross assets 3660528 82 Deduct Assets Not Admitted 46 Bills receivable 623 15 50 Premiums in course of collection written prior to October 1 1913 101962 97 53 Bonds and stocks 81771 16 50 Total 1S4357 28 57 Admitted assets 3476171 54 VLiabilil ies 2 lussrs and claims reported or iii process of adjustment eident and health 4484900 fidelity 1251922 sure iv 9336680 plate glass 181224 burglary and theft 924700 auto and teams property damage 3 TS420 total 165578 46ComptrollerGenerals Report 4 Losses and claims resisted Accident and health 277365 fidelity 2115000 surety 6418167 burglary and theft 456500 auto and teams property damage 316810 total 5 Total losses and claims Accident and health 4762265 fidelity 3366922 surety 15754847 plate glass 1 81224 burglary and theft 1381200 auto and teams property damage 695230 total 6 Deduct reinsurance Accident and health 556750 fidel ity 125000 surety 62500 burglary and theft 2 41432 total 989 95838 42 261416 88 9856 82 17 20 21 26 29 34 35 39 40 41 43 51 Net unpaid claims except liability and workmens compen sation claims excluding expenses of investigation and adjustment Accident and health 4205515 fidelity 3241922 surety 15682347 plate glass 181224 burglary and theft 1139768 auto and teams prop erty damage 695230 total 251560 06 Special reserve for unpaid liability and workmens compen 162178 73 sation losses Total unpaid claims 413738 79 Estimated expenses of investigation and adjustment of un paid claims Accident and health 50000 fidelity 5 15000 surety 1245000 burglary and theft 88500 auto and teams property damage 74000 total 19725 00 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 2 44698370 unearned premiums fifty per cent 1223491 85 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 2 69445456 unearned premiums pro rata 161479 34 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1913 166144 64 Salaries rents expenses bills accounts fees etc due or 25187 90 accrued Esl imated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 4777145 Return premiums Reinsurance 147fi3 45 Advance premiums one hundred per cent less amount included in items 28 and 33 above 23518 93 Voluntary reserve for contingencies 75000 00 Total amount of all liabilities except capital 2170840 78990 ComptrollerGenerals Report 52 Capital actually paid up in cash 1000000 00 53 Surplus over all liabilities 305330 76 54 Surplus as regards polieyholders 1305320 7i 55 Total liabilities 3476171 54 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or re newed during the year Accident 349144 health 1 92350 liability 1202142 fidelity 2474091 surety 12261366 plate glass 72416 burglary and theft 157194 fly wheel 138318 total 68470 21 Gross lossespaid Accident 38200 health 207376 lia bility 291760 fidelity 2103733 surety 1963273 plate glass 16965 burglary and theft 23950 fly wheel 8460 total 46537 17 METROPOLITAN CASUALTY COMPANY Home Office 47 Cellar Street Xe York X Y Eugene II Winslow President 8 Wm Burton 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 891675 73 IIIncome 1 Cross premiums written and renewed during the year Ac cident 17427764 health 5413826 plate glass 62875118 total 857167 us 2 Deduct reinsurance Accident 929230 health 128505 total in577 35 3 Deduct return premiums on policies can celled Accident 231317 health 1 01128 plate glass 1220801 total 15532 46 I Deduct premium on policies not taken Ac cident 2542640 health 1044803 plate glass 8527086 total 121145 29 Total deductions Accident 3703187 health 1274436 lnte glass 9747887 total 147258 10ComptrollerGenerals Report 991 6 Net premiums Accident 137245 plate glass 53127231 total 25 Gross interest on bonds and dividends on stocks less 25626 accrued interest on bonds acquired during 1913 26 Gross interest on deposits in trust compa nies and banks health 4139390 r0991 I 98 29753 74 1244 32 31 Total gross interest 37 From agents balances previously charged off 40 Total income IIIDisbursements 1 Gross amount paid for losses Accident 5490035 health 1619618 plate glass 21718935 total 3 Deduct reinsurance Accident 341556 health 64411 total 4059 67 3 Deduct salvage Plate glass 2007 49 4 Total deduction Accident 341556health 64411 plate glass 200749 total 18 24 29 30 31 32 33 36 37 38 39 43 44 45 46 47 Net amount paid policyholders for losses Accident 51 48479 health 1555207 plate glass 21518186 total Investigation and adjustment of claims viz Accident Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 4385095 health 1316677 plate glass 169 95469 total Salaries fees and all other compensation of officers direc tors trustees and home office employees Salaries traveling and all other expenses of agents not paid by commissions Medical examiners fees and salaries Inspection other than medical and claim Rents State taxes on premiums Insurance department licenses and fees All other licenses fees and taxes Municipal licenses Federal corporation tax Legal expenses Advertising Printing and stationery Postage telegraph telephone and express Furniture and fixtures Stockholders for interest or dividends amount declared during the year 2800000 30998 06 83 74 740993 78 288285 88 6067 16 282217 72 2378 06 226972 41 82318 04 15542 94 2124 43 106 00 7925 04 8672 54 6639 01 995 82 813 26 92U 77 2511 00 5785 53 5923 51 891 44 28000 00992 Com ptuoilekGknekals Report 50 Exchange od bank checks 51 Commercial agencies and underwriters associations 52 Home office expenses for toilet supplies ice ami drinking water 54 Agents balances charged off 57 Total disbursements IVLedger Assets 4 Book value of bonds 49042198 and stocks 24512432 total 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 Premiums in course of collection viz On policies or renewals issued on or after October 1 1913 Accident 2495296 health 1173921 plate glass 107 28561 total i On policies or renewals issued prior to Oc tober 1 1913 Accident 169171 health 44138 plate glass 140385 total 1297 72 3698 45 I4S 5l 138 74 685022 04 25 Total 31 Ledger assets 141977 78 3536 94 731546 30 4616 67 1000 00 58969 78 147514 72 947647 47 NonLedger Assets 33 Interest accrued on bonds 5497 49 44 Gross assets 953144 96 Deduct Assets Not Admitted 50 Premiums in course of collection written prior to October 1 1913 3536 94 52 Book value of ledger assets over market value 29296 30 57 Admitted assets 920311 72 VLiabilities 2 Losses and claims reported or in process of adjustment Accident 2750285 health 268785 plate glass 9 06609 total 29256 79ComptrollerGenerals Report 993 3 Losses and claims incurred but not reported Accident 48797 health 94712 plate glass 1129953 total 12734 62 4 Losses and claims resisted Accident 662250 health 15803 total 678053 5 Total losses and claims Accident 2461332 health 3 79300 plate glass 2036562 total 58771 94 21 Estimated expenses of investigation and adjustment of un paid claims Accident 1382 63 27 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 69880048 unearned premiums fifty per cent 349400 24 29 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1913 viz Accident 759570 health 3 56871 plate glass 3433140 total 45495 81 34 Salaries rents expenses bills accounts fees etc due or accrued 784 14 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 6850 50 40 Eeinsurance 880 51 41 Advance premiums one hundred per cent 28 99 51 Total amount of all liabilities except capital 463558 76 52 Capital actually paid up in cash 200000 00 53 Surplus over all liabilities 256752 96 54 Surplus as regards policyholders 456752 96 55 Total liabilities 920311 72 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or re newed during the year Accident 548758 health 2 11334 plate glass 179758 total 9398 50 Gross losses paid Accident 154186 health 55919 plate glass 71880 total 2819 S5994 CompteollerGeneeals Eepoet NATIONAL CASUALTY COMPANY W G Curtis President Franklin S Dewey Secretary Bargeron and Parkinson Savannah Attorneys for Service ICapital Stock 1 Amount of capital paid up in cash 2 Amount of ledger assets as per balance December 31 of precious wear IIIncome 200000 00 335093 42 1 Gross premiums written or renewed during the year Accident and health 2 Deduct reinsurance Accident and health 7967 53 3 Deduct return premiums on policies can celled Accident and health 2200 90 4 Deduct premium on policies not taken Accident and health 9227 50 5 Total deductions Accident and health Net premiums Accident and health 21 Policy fees required or represented by application 23 Gross interest on mortgage loans 24 Gross interest on collateral loans 25 Cross interest on bonds and dividends on stocks less 43751 accrued interest on bonds acquired during 1913 25 Gross interest on deposits in trust companies and banks 29 Interest on delinquent agency balances 37 From agents balances previously charged off 38 Gross profit on sale or maturity of ledger assets viz Bonds 39 Gross increase by adjustment in book value of ledger assets viz Stocks 724618 04 19395 93 705222 11 U5O0 00 1190 00 330 40 13466 61 179 98 7 54 505 37 50 00 240 00 40 Total income 762692 01 IIIDisbursements 1 Gross amount paid for losses Accident and health 305764 74 2 Deduct reinsurance Accident and health 5363 09 5 Nt amount paid policyholders for losses Accident and health 300401 65 18 Investigation and adjustment of claims viz Accident and health 4896 75ComptrollerGenerals Report 995 23 Policy fees retained by agents 41146 oO 24 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident and health 250923 36 29 Salaries fees and all other compensation of officers directors trustees and home office employees 54238 54 30 Salaries traveling and all other expenses of agents not paid by commissions 29976 o4 P 9889 50 33 Eents 19993 54 36 State taxes on premiums x 39 All other licenses fees and taxes Federal corporation 233 83 tax 40 Municipal licenses in states inspections and sundries 1627 6 43 Legal expenses 605 88 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone and express 83o9 4 47 Furniture and fixtures 22 48 Stockholders for interest or dividends lbuu 49 Other disbursements General expense ij719 51 Traveling home office MJJ f 54 Agents balances charged off 55 Gross loss on sale or maturity of ledger assets viz 13 31 Bonds 35 Gross decrease by adjustment in book value of ledger assets viz Bonds 9o8 91 77 699 94 57 Total disbursements a IVLedger Assets 2 Mortgage loans on real estate 25950 00 3 Loans secured by pledge of bonds stocks or other col laterals 4 Book value of bonds 23871862 and stocks 3224000 2709o8 62 5 Cash in companys office 6 Deposit in trust companies and banks not on interest M 7 Deposits in trust companies and banks on interest 5000 00 8 Premiums in course of collection viz On policies or renewals issued on or after Oct 1 1913 Accident and health 25 Total 27 Other ledger assets viz Agents balances secured 31 Ledger assets 3900 00 3900 00 7911 16 340086 19 996 ComptrollerGenerals Keport NonLedger Assets 32 Interest due 4800 and accrued 51367 on mortgages 33 Interest accrued on bonds 34 Interest accrued on collateral loans 35 Interest accrued on other assets 38 Rents 42 Furniture and supplies 561 67 4332 36 13 99 175 00 5083 02 30000 00 44 Gross assets Deduct Assets Not Admitted 47 Furniture fixtures supplies printed matter and station ery 57 Admitted assets 375169 21 30000 ao 345169 21 VLiabilities 2 Losses and claims reported or in process of adjustment Accident and health 4 Losses and claims resisted Accident and health 5 Total losses and claims Accident and health 6 Deduct reinsurance Accident and health 7 Net unpaid claims except liability and workmens comp claims Accident and health 21 Estimated expenses of investigation and adjustment of unpaid claims Accident and health 26 Cross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 2656700 unearned premiums fifty per cent 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after Oct 1 1913 viz Accident and health 34 Salaries rents exposes bills accounts fees etc due or accrued 36 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 22133 00 3150 00 25283 00 1875 00 81 Total amount of all liabiliti es except capital 23408 00 500 00 13283 00 200 00 1000 00 11000 00 1282 00 50673 00 ComptrollerGeneral s Report 52 Capital actually paid up in cash 200000 00 53 Surplus over all liabilities 94496 21 54 Surplus as regards polieyholders 917 294496 21 55 Total liabilities 345169 21 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 6194 08 Gross losses paid Accident and health 3102 55 NATIONAL SURETY COMPANY Home Office 115 Broadway New York N Y William B Joyce President Hubert J Hewitt Secretary BoytT Perry Atlanta Attorney for Service 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 7933707 16 IIIncome 1 Gross premiums written and renewed during the year Fidel ity 160987079 surety 259445207 burglary and theft 65027960 total 4854602 46 2 Deduct reinsurance Fidelity 4879434 surety 16162440 burglary and theft 8485840 total 295277 14 3 Deduct return premiums on policies can celled Fidelity 3577440 surety 57 65050 burglary and theft 2329949 total 116724 39 4 Deduct premium on policies not taken Fidelity 31398964 surety 879 44465 burglary and theft 137 27006 total 1330704 35 5 Total deductions Fidelity 39855838 surety 1098 71955 burglary and theft 24542795 total 1742705 88 6 Net premiums Fidelity 121131241 surety 1495 73252 burglary and theft 40485165 total 3111896 58998 ComptrollerGenerals Report 22 Inspections 1711 55 23 Gross interest on mortgage loans 383 50 24 Gross interest on collateral loans 45 00 25 Gross interest on bonds and dividends on stocks less 231088 accrued interest on bonds acquired during 1913 257645 06 26 Gross interest on deposits in trust compa nies and banks 10176 42 29 Interest from all other sources 7910 36 30 Gross rents from companys property 2647 80 31 Total gross interest and rents 278808 14 34 Miscellaneous income 37 Prom agents balances previously charged off 5372 2 38 Gross profit on sale or maturity of ledger assets viz Real estate 20000 bonds 1780 total 217 80 39 Gross increase by adjustment in book value of ledger as sets viz Eeal estate 12236 92 40 Total income 3410706 11 IIIDisbursements 1 Gross amount paid for losses Fidelity 62096708 sure ty 94787531 burglary and theft 14781444 total 1716656 83 2 Deduct reinsurance Fidelity 1494872 surety 5506228 burglary and theft 2033254 total 90343 54 3 Deduct salvage Fidelity 18901355 sure ty 32066171 burglary and theft 2 55989 total 512235 15 4 Total deduction Fidelity 20396227 surety 37572399 burglary and theft 2289243 total 602578 69 5 Net amount paid policyholders for losses Fidelity 417 00481 surety 57215132 burglary and theft 124 92201 total 1114078 14 18 Investigation and adjustment of claims viz Fidelity 70 34631 surety 5745540 burglary and theft 9 21780 total 137019 51 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Fidelity 30017072 surety 41290672 burglary and theft 10777055 total 820847 99 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 457464 60 Salaries traveling and all other expenses of agents not paid by commissions 214698 V oComptrollerGenerals Report 999 33 Bents 44339 f 34 Repairs and expenses other than taxes on real estate 2410 75 35 Taxes on real estate 1103 2 36 State taxes on premiums 65909 27 37 Insurance department licenses and fees 18348 36 1 49 39 Federal corporation tax 00 171 92 40 Tax on personal property 41 Tax on franchise 563 00 43 Legal expenses 4569 73 a a a jit 9665 97 44 Advertising 45 Printing and stationery 25030 03 46 Postage telegraph telephone and express 34161 09 47 Furniture and fixtures 11053 64 48 Stockholders for interest or dividends amount declared during the year 240000 239748 00 79 899 77 Suspense items MS9a 50 Auditing expense 148475 development 269128 total 4176 03 51 Exchange 164660 insurance 89131 total 2537 91 52 Profit and loss miscellaneous 48991 traveling expenses 1048012 total 10970 03 o t 3 i 28050 69 53 Incidentals 54 Agents balances charged off 2892 l 55 Gross loss on sale or maturity of ledger assets viz Real estate 145000 bonds 95215 stocks 97500 total 3377 15 56 Gross decrease by adjustment in book value of ledger as sets viz Real estate 7222 96 57 Total disbursements 3346760 49 IVLedger Assets 1 Book value of real estate less 8500 incumbrances 193306 99 2 Mortgage loans on real estate first liens 1904057 other than first 30000 total 49040 57 3 Loans secured by pledge of bonds stocks or other collaterals 20500 00 4 Book value of bonds 393001374 and stocks 1753 17013 total 5683183 87 5 Cash in companys office Petty cash 1000 on hand 2096683 branch office 1158512 total 33551 95 Cash in transit 1754 54 6 Deposit in trust companies and banks not on interest 144174 23 7 Deposits in trust companies and banks on interest 736592 96 7a Due from suspended banks 01 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1913 Fidelity 13114591 surety 30653718 burglary and theft 9770222 total 535385 911000 ComptrollerGenerals Eeport On policies or renewals issued prior to Oc tober 1 1913 Fidelity 10389486 surety 16892940 burglary and theft 1568932 total 288513 58 25 Total 823899 49 26 Bills receivable 2102 58 Accounts receivable miscellaneous 22341 22 27 Other ledger assets Due from admitted reinsuring com panies 2877080 due from nonadmitted reinsuring companies 302895 due from railroads 1579805 hie from U S Government county and municipalities 4195000 due from advance to contractors 3779037 due from excise reinsurance committee 6003931 due from Empire State Surety Co special account 358514 commission due 184181 suspense account 1252785 total 205332 48 XonLedger Assets 32 Interest accrued on mortgages 405 48 33 Interest due 91250 and accrued 4677013 on bonds 47682 63 34 Interest accrued on collateral loans 495 00 36 Interest due on bank balances 2527 08 44 Gross assets 8048762 97 Deduct Assets Not Admitted 45 Advance on contracts 37790 37 Empire State Surety Co special account 3585 14 Accounts receivable 22341 22 46 Accrued interest on cash in branch office 4291 21 Bills receivable 2102 58 47 Mortgage and loans other than first liens 30000 00 Reinsurance on losses paid in admitted cos 8158 62 It Reinsurance on losses paid in nonadmitted companies 302s 95 imimission due 1 841 81 50 Premiums in course of collection written prior to October 1 1913 288513 58 Due from suspended banks 48565 68 51 Suspense accounts 12527 85 53 Stocks and bonds 427031 91 5C Tota 889778 92 57 Admitted assets 7158954 05ComptrollerGenerals Report VLiabilities 1001 2 Losses and claims reported or in process of adjustment Fidelity 22325432 surety 65737212 burglary and theft 3131363 total 911940 07 4 Losses and claims resisted Fidelity 18905807 surety 27221420 burglary and theft 589705 total 467169 32 5 Total losses and claims Fidelity 41231239 surety 929 58632 burglary and theft 3721068 total 1379109 39 6 Deduct reinsurance Fidelity 4622581 surety 3876510 burglary and theft 645985 total 91450 76 7 Net unpaid claims except liability and workmens com pensation claims excluding expenses of investigation and adjustment Fidelity 36608658 surety 890 82122 burglary and theft 3075083 total 1287658 63 21 Estimated expenses of investigation and adjustment of un paid claims Fidelity 1382500 surety 2455473 burglary and theft 25000 total 38629 73 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 2767 39306 unearned premiums pro rata 1542617 64 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 642 75854 unearned premiums pro rata 327483 86 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1913 viz Fidelity 2754064 surety 6437293 burglary and theft 2051747 total 112431 04 24 Salaries rents expenses bills accounts fees etc due or accrued 4128 35 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 51035 10 36 Dividends declared and unpaid to stockholders 60378 00 39 Return premiums 29293 90 40 Reinsurance 25728 31 41 Advance premiums one hundred per cent 9324 47 43 Income tax deducted at source due internal revenue dept 13 33 44 Auto chauffeurs advance payments 122 00 45 Contingent fund 170139 69 51 Total amount of all liabilities except capital 3658984 051002 ComptrollerGenerals Report 52 Capital actually paid up in cash 2000000 00 53 Surplus over all liabilities 1500000 00 54 Surplus as regards policyholders 3500000 00 55 Total liabilities 7158984 05 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or re newed during the year Fidelity 1123372 surety 13 62600 burglary and theft 201880 total 26878 52 Gross losses paid Fidelity 458783 surety 889897 burglary and theft 28198 total 13768 78 NEW ENGLAND CASUALTY COMPANY Corwin McDowell President Allan Forbes Secretary W E Harrington 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 1869702 58 IITncome 1 Gross premiums written and renewed during the year Accident 8131271 health 6321750 liability 83651155 workmens compensation 4419S388 fidelity 6959645 surety 33951519 plate glass 5044075 burglary and theft 13469797 auto and teams prop dam 7897360 workmens collective 1018289 total 2106432 49 2 Deduct reinsurance Accident 543211 health 368443 liability 848288 workmen s compensation 7687 fidelity 697068 surety 350020 plate glass 17322 burglary and theft 1492125 total 75437 I4 3 Deduct return premiums on policies can celled Accident 738465 health 3 6a572 liability 12877220 workmens compensation 4995355 fidelity 5ComptrollerGenerals Eeport 1003 07973 surety 2246391 plate glass 1001901 burglary and theft 21 01356 auto and teams prop dam 11 62069 total 259993 02 5 Total deductions Accident 1281676 health 7 37015 liability 13725508 workmens compensation 5003042 fidelity 1205041 surety 5815011 plate glass 1019223 burglary and theft 3590481 auto and teams prop dam 1162069 total 335420 66 6 Net premiums 6849595 health 5584735 liability 69925647 workmens compensation 39195346 fidelity 5754604 surety 28136508 plate glass 4024852 burglaTy and theft 9876316 auto and teams prop dam 6735291 workmens collective 1018289 total 1771011 83 21 Policy fees required or represented by applications 7836 00 23 Gross interest on mortgage loans 75 00 24 Gross interest on collateral loans 201 04 25 Gtoss interest on bonds and dividends on stocks 66464 53 26 Gross interest on deposits in trust companies and banks 1882 10 29 Miscellaneous 253 95 32 From other sources Profit and loss 75 0O 34 Exchange check 41 54 37 From agents balances previously charged off 21 68 39 Gross increase by adjustment in book value of ledger assets viz Bonds 41S3 31 40 Total income 1851895 98 IIIDisbursements 1 Gross amount paid for losses Accident 2919816 health 2182818 liability 14605167 workmens compsn 7530158 fidelity 416254 surety 101 03598 plate glass 920001 burglary and theft 35 59796 auto and teams property damage 1254967 workmens collective 197221 total 2 Deduct reinsurance Accident 30480 health 66070 liability 75000 surety 1750076 plate glass 971 burglary and theft 134342 total 3 Deduct salvage health 2411 liability 3800 fidelity 48411 surety 24 31211 plafe glass 14618 burglary and theft 18030 auto and teams prop damage 300 total 436897 96 20569 39 25187 811004 ComptrollerGenerals Report 4 Total deduction Accident 30480 health 68481 liability 78800 fidelity 48411 surety 4181287 plate glass 15589 burglary and theft 152372 auto and teams property damage 300 total 5 Net amount paid policyholders lor losses Accident 2889336 health 2114337 liability 14364992 workmens compsn 7530158 fidelity 367843 Surety 5922311 plate glass 904412 burglary and theft 3407424 auto and teams property damage 1416042 workmens collective 197221 total 18 Investigation and adjustment of claims viz Accident 43645 health 8313 liability 2565673 workmens compensation 1143724 fidelity 6555 surety 4 91397 burglary and theft 59807 auto and teams property damage 163250 workmens collective 3020 total 23 Policy fees retained by agents 24 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 2434047 health 2066623 liab ility 19169821 workmens compensation 48 0608 fidelity 1275260 surety 7981226 plate glass 1176030 burglary and theft 2771475 auto and teams property damage 1547070 workmens collective 675 total 29 Salaries fees and all other compensation of officers directors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 32 Inspection other than medical and claim 33 Rent N 36 State taxes on premiums 37 Insurance department licenses and fees state license 97001 ins dept fee 264478 agts license 1 78075 total is All other licenses fees anil taxes Munclpal license 41 Taxes and licenses other than state 42 ompulsory adv 43 Legal expenses 44 Advertising 45 Printing and stationery 10 Postage telegraph telephone and express 47 Furniture and fixtures 49 Other disbursements Travel 771003 general expense 622802 miscel exp 553111 total 51 Consolidation expense 52 Premiums in suspense 1912 statement 45757 20 391140 76 44853 84 7836 00 32289 21 92711 931 18 41 181 7 11 7128 46 8278 51 131 54 50 00 237 IK 541 53 f423 87 1855 24 19669 9600 95 7630 37 19470 00 1000 00 26 01 CompteollekGenekals Report 1005 53 Profit and loss 530 65 55 Gross loss on sale or maturity of ledger assets viz Bonds 65 50 56 Gross decrease by adjustment in book value of ledger assets viz Bonds 389 14 57 Total disbursements 1155079 55 IVLedger Assets 1 Book value of real estate 10000 00 2 Mortgage loans on real estate 39512 75 4 Book value of bonds 158368055 and stocks 279 27423 total 1862954 78 5 Cash in companys office 10446 57 6 Deposit in trust companies and banks not on interest 7630 05 7 Deposits in trust companies and banks on interest 141400 44 8 Premiums in course of collection viz On policies or renewals issued on or after Oct 1 1913 Accident 196622 health 746505 liability 5532477 work mens compensation 12484619 fidel ity 496120 surety 3452523 plate glass 1121423 burglary and theft 2533433 auto and teams prop dam 542172 workmens collective 7 26575 total 27832489 On policies or renewals issued prior to Oct 1 1913 Accident 200451 health 34572 liability 1202326 workmens compensation 8233200 fidelity 3 95303 surety 5131660 plate fluss 51991 burglary and theft 1303214 auto and teams prop dam 801091 workmens collective 287693 total 176415 01 25 Total 4547n 70 27 Other ledger assets viz Excise reinsurance companies 684951 E 1 Fairfield 47500 782 I 1 29 Agts ledger balances 592944 adv on contracts 26 08077 total 32010 21 30 Deposit with surety assn 500 00 31 Ledger assets 2566519 011006 ComptrollerGenerals Eeport NonLedger Assets 32 Interest on mortgages 279 62 33 Interest accrued on bonds 14858 57 44 Gross assets 2581 657 20 Deduct Assets Not Admitted 50 Premiums in course of collection written prior to Oct 1 1913 176415 01 53 Agents ledger balances 5929 44 54 Schedule A 3282 02 55 Stocks and bonds 56828 53 56 Advance on contracts 1145811 E J Fairfield 475 total 11933 41 57 Admitted assets 2327268 79 VLiabilities 1 Losses and claims adjusted Accident 584638 health 124309 fidelity 12106 burglary and theft 90845 total 811 98 2 Losses and claims reported or in process of adjustment Accident 664191 health 452346 fidelity 3 98188 surety 7811500 plate glass 31820 burg lary and theft 1292459 auto and teams prop dam 737559 total 113882 63 3 Losses and claims incurred but not reported Surety 250000 plate glass 80758 total 3307 58 4 Losses and claims resisted Accident 150000 health 20000 fidelity 308500 surety 70000 burglary and theft 150000 auto and team property damage 370000 total 10655 00 5 Total losses and claims Accident 1398829 health 5 96855 fidelity 718794 surety 8131500 plate glass 112578 burglary and theft 1533304 auto and teams property damage 1107559 total J35Pv4 9 6 Deduct reinsurance Accident 5000 health 7500 burglary and theft 164100 total 1766 00 Net unpaid claims except liability and workmens comp claims Accident 1393829 health 589355 fidel ity 718794 surety 8131500 plate glass 112578 burglary and theft 1369204 auto and teams prop erty damage 1107559 total 134228 19ComptrollebGeneeals Eeport 1007 17 Special reserve for unpaid liability and workmens com pensation losses 361737 57 20 Total unpaid claims 21 Estimated expenses of investigation and adjustment of unpaid claims Surety 180 97 23 Burglary and theft 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 131427809 unearned premiums pro rata oaiflM 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 13341335 unearned premiums pro rata 99 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after Oct 1 1913 viz Accident 72368 health 2 64827 liability 1383119 workmens compensa tion 2184808 fidelity 122145 surety 1009518 plate glass 359080 Burglary and theft 858327 auto and teams property damage 135543 work mens collective 242192 total bbdly 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 41 Advance premiums one hundred per cent 51 Total amount of all liabilities except capital 1176386 52 Capital actually paid up in cash W00 53 Surplus over all liabilities MM 54 Surplus as regards policyholdcrs 1d 2327268 79 55 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 374036 health 309894 liability 457883 plate glass 384048 burglary and theft 116634 auto and teams prop damage 56915 workmen s collective 3820 total 17032 30 Gross losses paid Accident 51750 health 4078 liability 26075 plate glass 53074 burglary and theft 2000 auto and teams property damage jv 2945 total 1008 ComptrollerGenerals Keport NEW YORK PLATE GLASS INSURANCE COMPANY Major A White President JC French 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 1038850 88 IIIncome Gross premiums written and renewed during the year Plate Glass 75567125 Deduct reinsurance Plate glass 421 66 Deduct return premiums on policies can celled Plate glass 9196128 Deduct premium on policies not taken Plate glass 54785 47 Total deductions Plate glass 23 25 26 31 37 38 Net premiums Gross interest on mortgage loans 70 00 Gross interest on bonds and dividends on stocks less 7455 accrued interest on bonds acquired during 1913 37173 75 Gross interest on deposits in trust compa nies and banks 807 79 147168 41 608502 84 Total gross interest and rents 38 051 54 From agents balances previously charged off 139 23 Gross profit on sale or maturity of ledger assets viz Bonds 6 25 Stocks 1098 33 40 Total income 647798 19 IIIDisbursements i Gross amount paid for losses Plate glass 3 Deduct salvage Plate glass K Net amount paid policyholders for losses Plate glass 24 commissions or brokerage less amount received on return premiums and reinsurance for the following classes Plate 284929 78 6985 71 277944 07 213049 91ComptkollekGeneeals Repoet 1009 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 33 Bents 36 State taxes on premiums 37 Insurance department licenses and fees 39 Federal corporation tax 40 Municipal licenses 43 Legal expenses 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone and express 47 Furniture and fixtures 48 Stockholders for interest or dividends amount declared during the year 32000 50 Underwriters association 51 Mercantile reports 52 Sundry office expenses 54 Agents balances charged off 55 Gross loss on sale or maturity of ledger assets viz Bonds 66428 41 Total disbursements 4264 06 12503 SO 8696 18 7667 13 774 50 673 12 314 12 493 48 2320 88 2301 07 320 28 32000 00 3436 68 75 00 543 75 379 57 12 50 634198 51 jrvLedger Assets 2 Mortgage loans on real estate first liensi 4 Book value of bonds 18760381 and stocks 67564550 total 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 Premiums in course of collection viz On policies or renewals issued on or after October 1 1913 Plate glass On policies or renewals issued prior to Oc tober 1 1913 Plate glass 139608 92 3702 82 25 Totals 1000 00 863249 31 9115 35 3644 58 32129 58 143311 74 31 Ledger assets 1052450 56 NonLedger Assets 32 Interest accrued on mortgages 33 Interest due 250 and accrued 260233 on bonds 9 50 2852 33 44 Gross assets 1055312 391010 ComptrollerGenerals Report Deduct Assets Not Admitted 50 Premiums in course of collection written prior to October 1 1913 3702 82 51 Overdue and accrued interest on bonds in default 270 83 53 Stocks and bonds 97769 31 57 Admitted assets 953569 43 VLiabilities 1 Losses and claims adjusted Plate glass 9499 25 2 Losses and claims reported or in process of adjustment Plate glass 576 00 5 Total losses and claims Plate glass 15275 25 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 60116170 unearned premiums fifty per cent 300580 85 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 45 54389 unearned premiums pro rata 21675 80 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1913 viz Plate glass 45591 63 34 Salaries rents expenses bills accounts fees etc due or accrued 1000 00 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 4000 00 36 Dividends declared and unpaid to stockholders 8000 00 43 Eeserve for contingent losses 10000 00 51 Total amount of all liabilities except capital 406123 53 52 Capital actually paid up in cash 200000 00 53 Surplus over all liabilities 347445 90 54 Surplus as regards policyholders 547445 90 55 Total liabilities 953569 43 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or re newed during the year Plate glass 2858 65 Gross losses paid Plate glass 1367 82ComptrollerGenerals Eepoet 1011 THE NORTH AMERICAN ACCIDENT INSURANCE COMPANY E C Waller President A E Forrest 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 IIIncome 756088 00 1 Gross premiums written and renewed during the year Ac cident 2 Deduct reinsurance Accident 3 Deduct return premiums on policies can celled Accident 4 Deduct premium on policies not taken Ac 1231338 42 71354 23 85719 94 eident 5 Total deductions Accident 1145618 48 6 Net premiums Accident 21 Policy fees required or represented by applications 2St6bb 23 Gross interest on mortgage loans less 26034 accrued interest on mortgages acquired during 1913 24 Gross interest on collateral loans 25 Gross interest on bonds and dividends on stocks less 12487 accrued interest on bonds acquired during 1913 26 Gross interest on deposits in trust compa nies and banks 28 Advances to agents 10272 74 2636 94 19826 38 730 37 182 38 31 Total gross interest and rents 40 Total income IIIDisbursements 33648 81 1411633 10 1 Gross amount paid for losses Accident 2 Deduct reinsurance Accident 458732 22 3054 00 5 Net amount paid policyholders for losses Accident 455678 22 18 Investigation and adjustment of claims viz Accident 23 Policy fees retained by agents 4940 21 232365 811012 ComptrollerGeneral s Eeport 24 Commissions or brokerage less amount received on return premiums ami reinsurance for the following classes Accident 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 31 Medical examiners fees and salaries 33 Bents 36 State taxes on premiums 37 Insurance department licenses and fees 39 Federal corporation tax 40 Municipal licenses and taxes 43 Legal expenses 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone and express 47 Furniture and fixtures 48 Stockholders for interest or dividends amount declared during the year 40000 50 Bank exchange 51 Hospital fees 52 Incidental expense 53 Traveling expense home office 54 Agents balances charged off 374439 21 107097 98 87349 87 3961 48 8114 96 16951 00 11637 52 667 44 1717 61 2522 33 3328 09 16435 63 12105 91 4458 97 40000 00 1258 03 3959 46 5749 41 5976 40 3725 30 57 Total disbursements 1404440 84 IVLedger Assets 2 Mortgage loans on real estate first liens 3 Loans secured by pledge of bonds stocks or other collaterals 4 Book value of bonds 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 Premiums in course of collection viz On policies or renewals issued on or after October 1 1913 Accident 21555 82 On policies or renewals issued prior to Oc tober 1 1913 Accident 1374 00 25 Total 26 Bills receivable 28 Cash in branch offices for current use 190650 00 42500 00 435640 00 3244 73 13068 92 47384 99 23429 82 6846 94 514 86 31 Ledger assets 763280 2632 33 34 42 ComptrollerGeneral s Report NonLedger Assets Interest due 8750 and accrued 311799 on mortgages Interest due 5500 and accrued 329205 on bonds Interest accrued on collateral loans Furniture and fixtures 44 Gross assets Deduct Assets Not Admitted 46 Bills receivable 47 Furniture and fixtures 50 Premiums in course of collection written prior to October 1 1913 51 Overdue and accrued interest on bonds in default 52 Book value of ledger assets over market value viz Bonds 55 Special deposits to secure liabilities in Mex ico 6846 94 13000 00 1874 00 5500 00 13611 00 6077 65 1013 3205 49 8792 05 243 92 13000 00 788521 7 57 Admitted assets 741612 13 VLiabilities 2 Losses and claims reported or in process of adjustment Ac cident 3 Losses and claims incurred but not reported Accident 4 Losses and claims resisted Accident 5 Total losses and claims Accident 6 Deduct reinsurance Accident 7 Net unpaid claims except liability and workmens compen sation claims excluding expenses of investigation and adjustment Accident 21 Estimated expenses of investigation and adjustment of un paid claims Accident 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 28237415 unearned premiums fifty per cent 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 4 80000 unearned premiums pro rata 29 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1913 viz Accident 64740 83 16000 00 12119 33 92860 16 75 00 92785 16 500 00 141187 08 3027 50 7263 241014 ComptrollerGeneral s Report 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 40 Reinsurance 41 Advance premiums one hundred per cent 47 Total j 48 Less liabilities secured by special deposits Unearned pre miums 565480 unpaid losses 42285 total 51 Total amount of all liabilities except capital 52 Capital actually paid up in cash 200000 00 53 Surplus over all liabilities 250142 01 54 Surplus as regards policy holders 55 Total liabilities Business in The State of GeoTgia During the Year Gross premiums less return premium on risks written or re newed during the year Accident Gross losses paid Accident 990 21 18000 00 980 58 32814 00 297547 77 6077 65 291470 12 450142 01 741612 13 20370 61 9480 96 THE OCEAN ACCIDENT AND GUARANTEE CORPORATION LTD William J Gardner Manager and Attorney for the United States Edgar Dunlap Attorney for Service ICapital Stock 1 Amount of deposit capital 250000 00 2 Amount of ledger assets as per balance December 31 of previous year 4999263 90 IIIncome 1 Gross premiums written and renewed during the year Ac cident 46986275 health 14220055 liability 2 70725061 workmens compensation 94641588 fidel ity 5097956 plate glass 10777989 steam boiler 11770249 burglary and theft 36326114 credit 42563422 auto and teams property damage 251 07970 workmens collective 4021530 total 5622382 09ComptrollerGenerals Report 3015 2 Deduct reinsurance Accident 4877830 health 351142 liability 394608 workmens compensation 168603 fidel ity 246712 steam boiler 7464 74 burglary and theft 6021369 total 12806 38 3 Deduct return premiums on policies can celled Accident 1415568 health o 39199 liability 33612777 work mens compensation 8502656 fidelity 234964 plate glass 391301 steam boiler 838953 burglary and theft 2315746 credit 397666 auto and teams property damage 3026225 workmens collective 160684 total 514357 3J 4 Deduct premium on policies not taken Ac cident 7761515 health 3057889 liability 29568184 workmens com pensation 11739796 fidelity 3 66501 plate glass 1941202 steam boiler 1843942 burglary and theft 6405665 auto and teams property dam age 43 91143 workmens collective age iji 673536 02 277765 total 5 Total deductions Accident 14054913 health 3948230 liability 63575569 workmens compensation 204 5ffidelity 848177 plate glass 2332508 team boiler 3429369 burglary and thett mWW credit 397666 auto and teams property damage 74 17368 workmens collective 438449 total I3159b0 t 6 Net premiums Accident 32931362 health 10271825 liability 07149492 workmens compensation 742 30533 fidelity 4249779 plate glass 8445486 steam boiler 8340880 burglary and theft 21583dd4 credit 42165756 auto and teams property damage 176 906 02 workmens collective 3583081 total 4306421 30 23 Gross interest on mortgage loans Vou 25 Gross interest on bonds and dividends on stocks 26 Gross interest on deposits in trust compa nies and banks 29 Gross interest on notes for premiums etc iW 179362 20 31 Total gross interest and rent 38 Gross profit on sale or maturity of ledger assets viz Bonds5J4 4485789 14 40 Total income 1016 ComptrollerGenerals Eeport IIIDisbursements Gross amount paid for losses Accident 15776992 health 4891292 liability 128685168 workmens compensation 18443236 fidelity 743927 plate glass 3555275 steam boiler 174364 burglary and theft 8883684 credit 39319710 auto and teams property damage 6855890 workmens collective 30 54362 total Deduct reinsurance Accident 2037087 health 61452 liability 1097333 steam boiler 87178 burglary and theft 2229461 total 55jl25 U Deduct salvage Fidelity 487004 plate glass 11578 burglary and theft 60113 credit 7155318 auto and teams property damage 124772 total 78387 85 2303839 00 4 Total deduction Accident 2037087 health 61452 liability 1097333 fidelity 487004 plate glass 11578 steam boiler 87178 burglary and theft 22 89574 credit 7155318 auto and teams property dam age 124772 total 5 Net amount paid policyholders for losses Accident 137 39905 health 4829840 liability 127587835 workmens compensation 18443236 fidelity 256923 plate glass 3543697 steam boiler 87186 burglary and theft 6594110 credit 32164392 auto and teams property damage 6731118 workmens collective 30 54362 total 18 Investigation and adjustment of claims viz Accident 12 94424 health 431360 liability 22768114 work mens compensation 3605330 fidelity 290183 plate glass 133156 steam boiler 117666 burglary and theft 1228677 credit 1327725 auto and teams property damage 890911 workmens collective 1 15570 total Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cidents 11869851 health 3714384 liability 495 69153 workmens compensation 9936069 fidelity 949803 plate glass 2958401 steam boiler 22 27817 burglary and theft 6060958 credit 82 06400 auto and teams property damage 4059671 workmens collective 736289 total Salaries fees and all other compensation of officers direc tors trustees and home office employees 24 29 133512 96 2170326 04 322031 16 1002882 96 205730 16ComptrollerGeneral s Report 1017 30 Salaries traveling and all other expenses of agents not paid by commissions 110091 12 32 Inspection other than medical and claim 66753 25 33 Bents 25259 54 36 State taxes on premiums 77320 01 37 Insurance department licenses and fees 4854 22 39 Federal corporation tax 8211 38 40 Agents licenses 2944 1 41 City and county tax on premiums 2913 62 42 Publication fees 594 54 43 Legal expenses 701 69 44 Advertising 5562 06 45 Printing and stationery 13576 23 46 Postage telegraph telephone and express 11017 19 47 Furniture and fixtures 5320 33 49 Other disbursements Surety bonds 19339 publication subscription 34424 auditors fees 200000 discount and exchange 111182 inspection and mercantile re ports 225150 general expenses 2079857 interest on investment and dividends to home office 13300000 total 159699 52 54 Agents balances charged off 3236 16 57 Total disbursements 4199025 28 IVLedger Assets 2 Mortgage loans on real estate first liens 141000 00 4 Book value of bonds 4334802 92 6 Deposit in trust companies and banks not on interest 17699 44 7 Deposits in trust companies and banks on interest 80551 64 8 Premiums in course of collection viz On policies or renewals issued on or after Oct 1 1913 Accident 4229356 health 1769181 liability 28026642 work mens compensation 13671338 fidel ity 818447 plate glass 1598432 steam boiler 1371405 burglary and theft 4049225 auto and teams prop erty damage 2620059 workmens collective 290635 total 584447 20 On policies or renewals issued prior to Oc tober 1 1913 Accident 261196 health 72296 liability 1474256 workmens compensation 1598649 fidelity 22915 plate glass 71473 steam boiler 83357 burglary and1018 ComptrollerGenerals Keport 26 32 33 44 46 50 53 54 56 theft 163494 auto and teams prop erty damage 120388 workmens col lective 45967 total 39139 91 Total 623587 11 Bills receivable 6189 60 NonLedger Assets Interest accrued on mortgages 1410 00 Interest due 2935334 and accrued 2408102 on bonds 53434 36 Gross assets 5340872 12 Deduct Assets Not Admitted Bills receivable 6189 60 Premiums in course of collection written prior to October 1 1913 39139 91 Decrease in market value of bonds 341161 92 Agents balances 72008 90 Total 458500 33 Admitted assets 4882371 79 VLiabilities Losses and claims adjusted Credit on policies expiring prior to October 1913 Agreement Losses and claims reported in process of adjustment Acci dent 2815200 health 1353000 fidelity 875000 plate glass 342000 steam boiler 57500 burglary and theft 1797500 credit on policies expiring prior to October 1913 3008000 auto and teams property dam age 2311500 workmens collective 255000 total Losses and claims resisted Accident 1450000 burglary and theft 420000 credit on policies expiring prior to October 1913 635000 auto and teams property dam age 582000 total Total losses and claims Accident 4265200 health 13 53000 fidelity 870000 plate glass 342000 steam boiler 57500 burglary and theft 2217500 credit on policies expiring prior to October 1913 4365500 auto and teams property damage 2893500 workmen s collective 255000 total Deduct reinsurance Accident 260000 burglary and theft 800500 total 7225 00 128097 00 30870 00 166192 00 1005 00ComptrollerGenerals Report 1019 7 Net unpaid claims except liability and workmens compen sation claims excluding expenses of investigation and adjustment Accident 4005200 health 1353000 fidelity 870000 plate glass 342000 steam boiler 57500 burglary and theft 1417000 credit on poli cies expiring prior to October 1913 4365500 auto and teams property damage 2893500 workmens collee o1 155587 00 tive 25o000 total n 17 Special reserve for unpaid liability and workmen s compen 901090 56 sation losses 18 Special reserve for credit losses on policies expiring in Oc teber November and December 1913 being fifty per cent of 15170750 gross premiums received on said policies less 1638205 paid during said months on 59 471 70 losses under said policies 19 Special reserve for accrued losses on credit policies in force December 31 1913 being fifty per cent of 19559840 Q7 7QQ OQ earned premiums on said policies 1213948 46 20 Total unpaid claims 21 Estimated expenses of investigation and adjustment of un paid claims Accident 2000 health 300 fidelity 300 plate glass 200 steam boiler 50 burglary and theft 500 auto and teams property damage 2500 workmens collective 150 total 6000 00 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 2527 07920 unearned premiums fifty per cent 1244815 42 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 511 93713 unearned premiums pro rata 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1913 viz Accident 1560632 health 654597 liability 6418101 workmens com pensation 2310449 fidelity 194790 plate glass 577034 steam boiler 356565 burglary and theft 12 IKS 17 auto and teams property damage 623574 workmen B collective 55511 total 139700 70 34 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 tins statement 100 ComptbollebGenerals Kbport 39 Return premiums g01 g 42 Other liabilities 600000 0 51 Total amount of all liabilities except capital 3 583 064 56 54 Surplus as regards polieyholders 1 299 307 23 55 Total liabilities 4 gga 01 q Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident 396997 health 144368 liability 2637390 fidelity 1240 plate glass 62341 steam boiler 99994 burglary and theft 300408 credit 961000 auto and teams prop erty damage 128731 workmens collective 13 00746 total 60307 3 Gross losses paid Accident 78238 health 54243 lia bility 3607623 fidelity 56215 plate glass 12745 burglary and theft 24724 credit 1791110 auto and teams property damage 22066 workmens collec tive 979399 total 6i263 63 PACIFIC MUTUAL LIFE INS CO ACCIDENT DEPARTMENT OF LOS ANGELES CALIFORNIA Geo I Cochran President C I D Moore Secretary A Harmon 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 1969507 44 IIIncome 1 Gross premiums written and renewed during the year Accident 195899938 health 52479982 total 24S3799 20 2 Deduct reinsurance Accident 533851 health 143456 total 6773 06 3 Deduct return premiums on policies can celled Accident 2549654 health 760324 total 33 099 7gHI ComptrollerGeneral s Report 1021 4 Premiums onpolicies not taken Accident 37391767 health 9939584 total 473313 51 5 Total deductions Accident 404752 71 health 108 43364 total 6 Net premiums Accident 155424667 health 416 36618 totali 21 Policy fees required or represented by applicationsi 23 Gross interest on mortgage loans less 315790 accrued interest on mortgages acquired during 1913 24 Gross interest on collateral loans 25 Gross interest on bonds and dividends on stocks less 8333 accrued interest on bonds acquired during 1913 26 Gross interest on deposits in trust companies and banks 28 Interest on agents balances 33 Ledger assets other than premiums received from other companies Pacific Mutual Indy Co for assuming their risks 37 From agents balances previously charged off 38 Gross profit on sale or maturity of ledger assets viz Bonds 40 Total income 513186 35 t 1970612 85 34370 00 59910 19 11952 51 42664 17 265 04 19 27 72069 36 7310 39 7589 16 2206762 94 IIIDisbursements 1 Gross amount paid for losses Accident 67973009 health 21589984 total 2 Deduct reinsurance Accident 126676 health 5570 total 1322 46 4 Total deductions Accident 126676 health 5570 5 Net amount paid policyholders for losses Accident 67846333 health 21584414 total 18 Investigation and adjustment of claims viz Accident 1084871 health 344600 total 23 Policy fees retained by agents 24 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident 49506826 health 13160043 29 Salaries fees and all other compensation of officers directors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 31 Medical examiners fees and salaries 32 Inspection other than medical and claim 895629 93 1322 46 894307 47 14294 71 34370 00 626668 69 147783 02 36454 65 23052 71 1949 881022 ComptrollerGenerals Eeport 33 Rents including 720000 for companys occupancy of its own bldgs 22262 45 36 State taxes on premiums 32800 81 37 Insurance department licenses and fees 4507 60 38 All other licenses fees and taxes Federal corporation tax 1411 41 40 Personal property tax 270 50 41 State and municipal licenses 1298 81 43 Legal expenses 9633 40 44 Advertising 7811 8i 45 Printing and stationery 23080 01 46 Postage telegraph telephone and express 17771 95 47 Furniture and fixtures 3134 01 48 Stockholders for interest or dividends amount declared during the year 13000000 80000 00 50 Premiums on surety bonds 448 14 51 Association dues 165 00 52 General expenses petty items 1215 38 54 Agents balances charged off 16442 02 55 Gross loss on sale or maturity of ledger assets viz bonds 1265 08 57 Total disbursements 2002399 07 IVLedger Assets 2 Mortgage loans on real estate 1300450 00 3 Loans secured by pledge of bonds stocks or other collaterals 305000 00 4 Book value of bonds 86000 00 5 Cash in companys office including 6500 in transit 87527 55 6 Deposit in trust companies and banks not on interest 1360S 25 8 Premiums in course of collection viz On policies or renewals issued on or after Oct 1 1913 Accident 29942352 health 7959360 total 379017 12 On policies or renewals issued prior to Oct 1 1913 Accident 179203 health 47636 total 2268 39 25 Totals 881285 51 31 Ledger assets 2173S71 31 NonLedger Assets 32 Interest accrued on mortgages 22506 99 33 Interest accrued on bonds 860 00ComptrollerGenerals Repoiv 1023 34 Interest accrued on collateral loans 42 Due from reinsurance companies account claims paid 44 Gross assets 204 27 Deduct Assets Not Admitted 2199822 58 50 Premiums in course of collection written prior to Oct 1 1913 2268 39 2197554 19 57 Admitted assets accident dept 140597 80 Admitted assets life dept 29338151 99 Total admitted assets VLiabilities 2 Losses and claims reported or in process of adjustment Accident 9125441 health 1987722 total 3 Losses and claims incurred but not reported Accident 1 LoTs and claims resisted Accident 4720000 health 14040 total 5 Total losses and claims Accident 13875441 health 2001762 total 6 Deduct reinsurance Accident 7 Net unpaid claims except liability and workmenscomp claims Accident 13555441 health 2001762 21 Estimated expenses of investigation and adjustment of unpaid claims Accident 120000 health 30000 26 Gross premiums less reinsurance upon all unexpvred risks running one year or less from date of policy 1 471 53866 unearned premiums fifty per cent 29 Commissions brokerage and other charges due or to be come due to agents or brokers on police issued or or after October 1 1913 viz Accident 9581552 health 2546995 34 Salaries rents expenses bills accounts fees etc due or accrued 1 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 36 Dividends declared and unpaid to stockholders 111131 63 300 00 47340 40 158772 03 3200 00 155572 03 1500 00 735769 33 121285 47 8522 17 36000 00 50000 001024 ComptrollerGenerals Eeport 41 Advance premiums one hundred per cent 9 665 65 43 Reserve for contingencies 3 839 54 49 Total liability ace dept 1122 154 19 50 Total liabilities life dept 26271 836 39 51 Total amount of all liabilities except capital 27393990 58 52 Capital actually paid up in cash 1000000 00 53 Surplus over all liabilities including life dept 86876141 94416141 54 Surplus as regards polieyholders 1 944 161 41 55 Total liabilities 29 338 151 99 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident 2563594 health 1350242 total 39133 36 Gross losses paid Accident 1225400 health 845335 20707 35 PREFERRED ACCIDENT INSURANCE COMPANY Home Office 80 Maiden Lane New York N Y Kimball C Atvvood President Wilfrid C Potter Secretary 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 3n5i308 67 IIIncome 1 Gross premiums written and renewed during the year Ac cident 125983673 health 36615173 liability 471 85110 workmens compensation 393044 plate glass 4587717 burglary and theft 12467462 auto and teams property damage 28201248 total 2554334 27 2 Deduct reinsurance Accident 4281447 health 786380 liability 442724 burglary and theft 1776497 total 72870 48ComptkollerGeneeals Report 1025 3 Deduct return premiums on policies can celled Accident 527165 health 2 98928 liability 5467894 workmens compensation 51271 plate glass 2 38440 burglary and theft 701374 auto and teams property damage 36 38012 total 19230 84 4 Deduct premium on policies not taken Ac cident 13242379 health 6643126 liability 11136229 workmens com pensation 85463 plate glass 133 36959 burglary and theft 1915651 auto and teams property damage 58 04481 total 401642 88 5 Total deductions Accident 18050991 health 7728434 liability 17046847 workmens compensation 1 36734 plate glass 1575399 burglary and theft 43 93522 auto and teams property damage 9442493 583744 20 total 6 Net premiums Accident 107932682 health 288 86739 liability 30138263 workmens compensation 256310 plate glass 3012318 burglary and theft 80 739 40 auto and teams property damage 187 5875 total 1970590 07 23 Gross interest on mortgage loans 3750 00 25 Gross interest on bonds and dividends on stocks less 156597 accrued interest on bonds acquired during 1913 99967 09 26 Gross interest on deposits in trust compa nies and banks 1353 58 27 Gross interest from agency accounts 131 50 31 Total gross interests Ill on 38 Gross profit on sale or maturity of ledger assets viz Bonds 2150 00 40 Total income 2077942 25 IIIDisbursements 1 Gross amount paid for losses Accident 52367381 health 11955533 liability 11087030 workmens compensation 173991 plate glass 1299357 bur glary and theft 2997432 auto and teams property damage 6406736 total 62874 60 2 Deduct reinsurance Accident 1757625 health 608495 burglary and theft 349953 total 27160 731026 ComptrollerGenerals Report Deduct salvage Liability 40018 plate glass 21238 burglary and theft 1 03200 auto and teams property damage 196473 total 3609 29 4 Total deduction Accident 1757625 health 608495 liability 40018 plate glass 21238 burglary and theft 453153 auto and teams property damage 1 96473 total 5 Xet amount paid policyholders for losses Accident 506 09756 health 11347038 liability 11047012 work mens compensation 173991 plate glass 1278119 burglary and theft 2544279 auto and teams property damage 6210263 total 18 Investigation and adjustment of claims viz Accident 19 49023 health 649674 liability 2945376 work mens compensation 45375 plate glass 2585 bur glary and theft 155257 auto and teams property damage 895396 total 24 ommissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 33528238 health 8311509 liability 86 36991 workmens compensation 73730 plate glass 970976 burglary and theft 2728715 auto and teams property damage 5594817 total 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 31 Medical examiners fees and salaries 32 I ospection other than medical and claim 33 Bents 36 State taxes on premiums 37 Insurance department licenses and fees 39 Federal corporation tax 4il City fees and taxes 41 County taxes and all other fees 43 Legal expenses 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone and express 17 Furniture and fixtures 48 Stockholders for interest or dividends amount declared during the year 168000 50 Exchange 120376 water ice towels etc 67556 car fare 30625 total 30770 02 832104 58 1426 86 598449 76 165558 41 36105 63 6471 58 4085 17 22261 36 29998 41 3980 98 5316 50 1385 28 549 62 829 00 4850 25 11602 15 7756 32 1705 53 168000 00 2185 57COMPTROLLERGrFERALS REPORT 1027 51 Insp and judge election 60 wedding presents 265 rent vault 75 total 52 Exam sectys 40 porters etc 14679 bur of pub 495 total 53 Plate glass assn 50625 burglary and theft bur 15199 workmens compensation B 23321 all others 50635 total 400 00 681 79 1397 80 57 Total 1 972 10 55 disbursements 1MIU IVLedger Assets 2 Mortgage loans on real estate first liensi 4 Book value of bonds 237778670 and stocks 220 41936 total 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 Premiums in course of collection viz On policies or renewals issued on or after October 1 1913 Accident 16133856 health 5377951 liability 7012348 workmens compensation 36877 plate glass 534585 burglary and theft 2216555 auto and teams property damage 3737843 total On policies or renewals issued prior to Oc tober 1 1913 Accident 2911148 health 970383 liability 314515 plate glass 23675 burglary and theft 10542 auto and teams property dam age 173891 total 350500 15 44041 54 75000 00 2598206 06 1894 03 50000 00 84594 58 25 Total 26 Bills receivable 28 Advances to agents 29 Workmens compensation reinsurance and insurance bureau 30 Massachusetts Bonding Company 31 Ledger assets 394541 69 4145 61 12216 63 293 45 256 32 3221148 37 NonLedger Assets 33 Interest accrued on bonds 44 Gross assets 26888 11 3248036 481028 ComptrollerGenerals Eeport Deduct Assets Not Admitted 46 Bills receivable 4145 61 50 Premiums in course of collection written prior to October 1 1913 44041 54 53 Bonds and stocks 206047 27 54 Advance to agents 12216 63 57 Admitted assets 2981585 43 VLiabilities 2 Losses and claims reported or in process of adjustment Accident 5691377 health 1428924 plate glass 134589 burglary and theft 620900 auto and teams property damage 1665400 total 95411 90 3 Losses and claims incurred but not reported Accident 9 75000 health 437500 plate glass 25400 burglary and theft 80000 auto and teams property damage 22500 total 15404 00 4 Losses and claims resisted Accident 4600666 health 97500 burglary and theft 25000 total 47231 66 5 Total losses and claims Accident 11267043 health 1963924 plate glass 159989 burglary and theft 725900 auto and teams property damage 1687900 total 158047 56 6 Deduct reinsurance Burglary and theft 193 00 7 Net unpaid claims except liability and workmens compen sation claims excluding expenses of investigation and adjustment Accident 11267043 health 1963924 plate glass 159989 burglary and theft 706600 auto and teams property damage 1687900 total 157854 56 17 Special reserve for unpaid liability and workmens com pensation losses 75492 00 20 Total unpaid claims 233346 56 21 Estimated expenses of investigation and adjustment of un paid claims Accident 1700 health 500 burglary and theft 300 auto and teams property damage 2 500 total 5000 00 26 dross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1847 30375 unearned premiums fifty per cent 939018 27 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 45 85023 unearned premiums pro rata 32535 08CompteolleeGenebals Report 1029 29 Commissions brokerage and other charges due or to become hie to agents or brokers on policies issued on or after October 1 1913 viz Accident 3821049 health 1311244 liability 809515 workmens compensa tion 4213 plate glass 145333 burglary and theft 4 35538 auto and teams property damage 452580 69794 72 total 34 Salaries rents expenses bills accounts fees etc due or 6494 45 accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this 35000 00 s T n T p m put 36 Dividends declared and unpaid to stockholders 14000 00 40 Eeinsurance 41 Advance premiums one hundred per cent 43 Reserve for contingent installment policies 91489 28 44 Voluntary reserve for contingencies 100000 00 51 Total amount of all liabilities except capital 1535669 35 52 Capital actually paid up in cash 700000 00 53 Surplus over all liabilities 745916 08 54 Surplus as regards policyholders 1445916 08 2981585 43 55 Total liabilities Business in the State of Georgia During the Year Gross premiums less return premium on risks written or re newed during the year Accident 620499 health 1 67506 liability 14508 plate glass 20569 burglary and theft 37851 total 8609 33 Gross losses paid Accident 224703 health 70676 lia bility 79295 plate glass 8200 burglary and theft 3300 total 3861 74 THE PROVIDENT LIFE AND ACCIDENT INSURANCE COMPANY OF CHATTANOOGA TENNESSEE Thos Maclellan President BoW J Maciellan Secretary Hon W A Wright Ins Comr of Ga Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 150000 00 Amount of ledger assets as per balance December 31 ilu B oga 525 29 of previous year p1030 ComptrollerGenerals Report IIIncome 1 Gross premiums written and renewed during the year Accident and health 21 Policy fees required or represented by applications 23 Gross interest on mortgage loans less 39331 accrued interest on mortgages acquired during 1913 24 Gross interest on collateral loans 25 Gross interest on bonds and dividends on stocks less 1200 accrued interest on bonds acquired during 1913 26 Gross interest on deposits in trust companies and banks 27 Gross interest from all other sources Bills receivable paid in 1913 IIIDisbursements 1 Gross amount paid for losses Accident and health 18 Investigation and adjustment of claims viz Accident and health 23 Policy fees retained by agents 24 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident and health 29 Salaries fees and all other compensation of officers dir ectors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 31 Medical examiners fees and salaries 33 Rents 36 State taxes on premiums 37 Insurance department licenses and fees 38 All other licenses fees and taxes Federal corporation tax 3063 Municipal taxes 127585 state and county taxes 124750 total 43 Legal expenses 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone and express 48 Stockholders for interest or dividends 50 Traveling expenses 51 General expenses 54 Agents balances charged off 57 Total disbursements IVLedger Assets 2 Mortgage loans on real estate 3 Loans secured by pledge of bonds stocks or other col laterals 278366 42 4306 84 5633 91 614 66 2595 88 300 00 410 08 119750 70 3514 38 4306 84 82693 32 26312 15 11850 95 230 00 2383 08 2833 35 1790 79 2153 98 1622 65 1198 66 2336 01 2371 50 19000 00 3743 83 84S 29 526 41 289866 89 131280 in 10000 00 ComptrollerGenerals Report 1031 4 Book value of bonds 6 Deposit 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 1913 Accident and health 31282 73 25 Total 28 Agents debit balances 29 Furniture and fixtures 31 Ledger assets NonLedger Assets 32 Interest accrued on mortgages 33 Interest accrued on bonds 34 Interest accrued on collateral loans 2167 26 168 33 162 50 44 Gross assets Deduct Assets Not Admitted 47 Furniture and fixtures 52 Book value of ledger assets over market value viz Agents debit balances 3086 98 1026 33 57 Admitted assets VLiabilities 2 Reported or in process of adjustment Accident and health 17 Special reserve for unreported losses 20 Total unpaid claims 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 2298064 unearned premiums fifty per cent 29 Commissions brokerage and other charges due or to be come due to agents or brokers on polices issued on or after October 1 1913 viz Accident and health 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 30375 00 23834 75 5000 00 31282 73 1026 33 3086 98 235886 19 51 Total amount of all liabilities except capital 238384 28 234270 97 3244 73 9500 00 12744 73 11490 32 5500 00 300 00 5901 93 35930 88 1032 ComptrollerGenerals Report 52 Capital actually paid up in cash 150000 00 53 Surplus over all liabilities 48333 99 54 Surplus as regards policyholders 198333 99 55 Total liabilities 234270 97 Business in The State of Georgia During The Year Gross premiums less return premium on risks written or renewed during the year Acicdent and health 7618 39 Gross losses paid Accident and health 4022 85 RELIANCE LIFE INSURANCE COMPANY OF PITTSBURGH lames N Reed President H G Scott Secretary T N Pearee Attorney for Service in Georgia LCapital Stock 1 Amount of capital paid up in cash 1000000 00 2 Amount of ledger assets as per balance December 31 of previous year 3 906 38 IIIncome 1 iross premiums written and renewed during he year Accident 4879152 health 2230980 total 71101 32 2 Deduct reinsurance Accident 237776 health 62580 total 3003 56 3 Deduct return premiums on policies can celled Accident 08020 health 51470 total lil 911 5 Total deductions Accident 305790 health 114050 4198 40 0 Not premiums Accident 4573366 health 2111930 00912 96 34 Receipts life deposit separate statement filed 1611648 89 40 Total income 1678551 85 IIIDisbursements 1 Gross amount paid for losses Accident 1636481 health 300078 total 19 59 2 Deduct reinsurance Accident 317050 health 8899 3260 49ComptrollerGenerals Report 1033 16171 10 55 63 17847 67 5 Net amount paid policyholders for losses Accident 1319431 health 297679 total 18 Investigation and adjustment of claims viz Accident 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 1132006 health 652761 29 Salaries fees and all other compensation of officers directors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 31 Medical examiners fees and salaries 32 Inspection other than medical and claim 33 Rents 36 State taxes on premiums 37 Insurance department licenses and fees 44 Advertising 45 Printing and stationery 49 Other disbursements Disbursements life statement giving detail 3005128 83 3762 50 55 05 14 00 358 00 360 00 17 63 23 00 153 15 1397 37 57 Total disbursements 045343 93 IVLedger Assets 8 Premiums in course of collection viz On policies or renewals issued On or after Oct 1 1913 Accident 698776 health 242369 total 94n 45 28 Ledger assets as shown on detail life statement 4143402 85 31 Ledger assets 4152814 30 Deduct Assets Not Admitted 52 Book value of ledger assets over market value viz Not admitted assets see life statement for detail 237769 11 57 Admitted assets 4255990 45 VLiabilities 2 Losses and claims reported or in process of adjustment Accident 240500 health 68000 total 3085 00 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 30266 111034 ComptrollerGenerals Eeport 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after Oct 1 1913 viz Accident 153731 health 77442 total 2311 73 44 For details see life statement 2950303 97 51 Total amount of all liabilities except capital 2985966 81 52 Capital actually paid up in cash 1000000 00 53 Surplus over all liabilities 270023 64 54 Surplus as regards policyholders 121 0023 6 1 55 Total liabilities 4255990 45 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident 173810 health 94199 total 2680 09 Cross losses paid Accident 52146 health 2610 547 50 THE RIDGELY PROTECTIVE ASSOCIATION OF WORCESTER MASS Francis A Harrington President Austin A Heath Secretary Ralph J Winters Attorney for Service 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 402925 70 IIIncome 1 Gross premiums written and renewed during the year Accident and health 350175 50 3 Deduct return premiums on policies cancelled Accident and health 27 11 fi Net premiums Accident and health 349748 39 21 Policy fees required or represented by applications 49140 50 25 Gross interest on bonds and dividends on stocks less i 100714 accrued interest on bonds acquired during V1913 15N01 19 26 Gross interest on deposits in trust companies and banks 2415 19 S4 Collectors over remittances 68 20ComptrollerGenerals Eepout 1035 38 Gross profit on sale or maturity of ledger assets viz Bonds 80 00 40 Total income 417313 47 IIIDisbursements 1 Gross amount paid for losses Accident 7891805 health 13023176 total 209149 81 18 Investigation and adjustment of claims viz Accident and health 4332 2S 23 Policy fees retained by agents 48178 50 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident and health 18768 43 29 Salaries fees and all other compensation of officers directors trustees and home office employees 49910 65 30 Salaries traveling and all other expenses of agents not paid by commissions 84 8 61 33 Rents L866 34 36 State taxes on premiums 576 7 37 Insurance department licenses and fees 2664 12 38 All other licenses fees and taxes Federal corporation tax 29743 40 State corporation tax V2 00 43 Legal expenses 44 Advertising 716 73 45 Printing and stationery 4749 97 46 Postage telegraph telephone and express 5719 72 47 Furniture and fixtures 877 0l 48 Stockholders for interest or dividends 5000 00 49 Other disbursements Miscellaneous 1173 72 54 Agents balances charged off 27 Gfi 56 Gross decrease by adjustment in book value of ledger assets viz Bonds 238 tH 57 Total disbursements 369997 04 IVLedger Assets 4 Book value of bonds M 5 Cash in companys office 7 Deposits in trust companies ana banks on interest 49414 9i T 450242 13 31 Ledger assets 1036 33 Intereston bonds CoiptkollerGexesals Repokt NonLedger Assets 6658 03 44 Gross assets Deduct Assets Not Admitted 52 Book value ofledger assets over market value viz Bonds 15846 50 54 Deposit in Canada in excess of liabilities as per special deposit 25109 42 51 Total amount of all liabilities except capital 52 Capital actually paid up in cash 100000 00 53 Surplus over all liabilities 227075 05 54 Surplus as regards policyliolders 55 Total liabilities 456900 76 57 Admitted assets 415844 84 VLiabilities 2 Losses and claims reported or in process of adjustment accident 1640850 health 2479525 41203 75 Losses and claims incurred but not reported Accident 386200 health 772400 total 11586 00 4 Losses and claims resisted Health 300 00 7 Net unpaid claims except liability and workmens comp claims Accident 21127050 health 3281925 53089 75 21 Estimated expenses of investigation and adjustment of unpaid claims Accident and health 572 26 Gross premiums less reinsurance upon all unaxpired risks running 3 months from Oct 15 1913 10128925 unearned premiums pro rata 16 16881 54 27 Cross premiums less reinsurance upon all unexpired risks running 3 months from Ian 15 1914 480600 unearned premiums pro rata 1415 4485 60 3 1 Salaries rents expenses bills accounts fees etc due or accrued 1263 1 5 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 6994 97 41 Advance premiums one hundred per cent 5481 01 88768 89 327075 95 415844 S4ComptrollebGeneeals Report 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 1037 10950 03 7780 83 EOYAL CASUALTY COMPANY OP ST LOUIS MO Geo E Dickson President Geo E Hans 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 IIIncome 1 Gross premiums written and renewed during the Accident and health 2 Deduct reinsurance Accident and health 3 Deduct return premiums on policies can celled Accident and health 14 43 472 44 Total deductions Accident and health 6 Net premiums Accident and health 2l Policy fees required or represented by applications 23 Gross interest on mortgage loans 26 Gross interest on deposits in trust companies and banks 27 Gross interest from all other sources Certificates of deposit 34 Geo E Dickson 35 Due bills 3245 miscellaneous 2384 36 Cancelled checks 40 Total income HIDisbursements 1 Gross amount paid for losses Accident 1660081 health 1301989 total 18 Investigation and adjustment of claims viz Accident 1 and health 23 Policy fees retained by agents 105448 85 96417 98 486 87 95931 11 45450 00 4272 52 1 98 518 21 16932 04 56 29 147 50 163309 65 29620 70 1357 71 45444 001038 ComptrollerGenerals Report 24 Commissions or brokerage less amount received on re turn premiums and reinsurance for the following classes Accident and health 29 Salaries fees and all other compensation of officers directors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 31 Medical examiners fees and salaries 33 Rents 36 State taxes on premiums 37 Insurance department licenses and fees 40 City licenses 41 Taxes 43 Legal expenses 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone and express 47 Furniture and fixtures 49 Other disbursements Exchange 7745 prizes 2736 Bradstreet 3750 total 51 Trav expenses 158286 adv on com 472516 total 52 Bonuses 10275 sub to magazines 3495 cuts 60O 53 Agents balances 78882 misc 49292 38679 96 14136 67 57 Total disbursements 3694 34 735 59 3749 39 1257 30 1527 78 472 50 2408 41 589 05 1024 14 3901 04 3736 50 1183 16 142 31 6308 02 143 70 1281 74 161394 64 IVLedger Assets 2 Mortgage loans on real estate 5 Cash in companys office 6 Deposit in trust companies and banks not on interest 7 Deposits in trust companies and banks on interest 100500 00 6668 58 46 18 149 10 31 Ledger assets 107363 86 NonLedger Assets 32 Interest due 180000 and accrued 51902 on mortgages 2319 02 41 Other nonledger assets viz Bills receiv able 247 SO 42 Agents balances 1441 01 Premiums in course of collection 3836 56 43 Furniture and fixtures 2500 00 41 Printing and stat 230000 due bills 9425 total 2394 25 44 Gross assets 120102 50ComptrollerGenerals Report 1039 Deduct Assets Not Admitted 46 Bills receivable 47 Furniture and fixtures 48 Supplies printed matter and stationery 49 Due bills 247 80 2500 00 2300 00 94 25 57 Admitted assets VLiabilities 1 Losses and claims adjusted Accident 48530 health 16371 total 9 Losses and claims reported or in process of adjustment Accident 153876 health 106374 total 3 Losses and claims incurred but not reported Accident 25603 health 37514 total 4 Losses and claims resisted Accident 110000 health 20000 total 5 Total losses and claims Accident 338009 health 1 80259 total 21 Estimated expenses of investigation and adjustment ot unpaid claims Accident and health 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 141 54 unearned premiums fifty per cent 84450 99 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1913 viz Accident and health 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount Hereafter payable for federal state and other taxes based upon the business of the year of this statement 51 Total amount of all liabilities except capital 52 Capital actually paid up in cash Jfjg 53 Surplus over all liabilities 54 Surplus as regards policyholders 55 Total liabilities 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 health1 Gross losses paid Accident 116851 health 14818 114960 45 649 01 2602 50 631 17 1300 00 5182 68 125 00 986 04 58 22 S54 90 3523 76 10730 60 104229 85 114960 45 8822 88 2650 371040 ComptrollerGenerals Report ROYAL INDEMNITY COMPANY Edward F Beddall President William MacKintosh Secretary VicePresident and General Manager Charles H Holland 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 3023800 62 IIIncome 1 Gross premiums written and renewed during the year Accident 31546495 health 10870784 liability 180417250 workmens compensation 51002573 fidelity 13491507 surety 6774432 plate glass 15762207 steam boiler 8869422 burglary and theft 20971451 fly wheel 1398411 auto and teams property damage 34925064 workmens col lective 1673577 total 3777031 73 2 Deduct reinsurance Accident 4016404 health 917011 liability 3622989 workmens compensation 9391 fidelity 959345 surety 785439 steam boiler 545803 burglary and theft 2109050 fly wheel 179938 auto and teams prop dam 1325336 total 144707 06 3 Deduct return premiums on policies can celled Accident 905626 health 3 36764 liability 9928622 workmens compensation 3367300 fidelity 7 05700 surety 502741 plate glass 5 86348 steam boiler 472333 burglary and theft 971011 fly wheel 1 73353 auto and teams property dam age 3813729 workmens collective 22475 total 217860 02 4 Premium on policies not taken Accident 6093042 health 2177160 liability 28840955 workmens compensation 8895929 fidelity 1316619 surety 696170 plate glass 2386715 steam boiler 1695179 burglary and theft 2768144 fly wheel 142100 auto and teams prop dam 6492132 work mens collective 466818 total 619709 63 5 Total deductions Accident 11015072 health 34ComptrollerGenerals Report 1041 30935 liability 42392566 workmens compensation 122726 20 fidelity 2981664 surety 1984350 plate glass 2973063 steam boiler 2713315 burg lary and theft 5848205 fly wheel 495391 auto and teams property damage 11631197 workmens collective 489293 total 982276 71 6 Net premiums Accident 20531423 health 7439849 liability 138024684 workmens compensation 38729953 fidelity 10509843 surety 4790082 plate glass 12789144 steam boiler 6156107 burg lary and theft 15123246 fly wheel 903020 auto and teams prop dam 23293867 workmens collective 1184284 totals 27947o5 02 25 Gross interest on bonds and dividends on stocks less 286366 accrued interest on bonds acquired during 1913 i 26 Gross interest on deposits in trust companies and banks 27 Gross interest from all other sources Interest on prem ium notes 32 From other sources Contingent commissions on reinsur ance 99191 02 5255 56 17 76 1337 06 40 Total income 2900556 42 IIIDisbursements Gross amount paid for losses Accident 10483919 health 3230655 liability 51716508 workmens compsn 9790812 fidelity 1864460 surety 1 39118 plate glass 5434636 steam boiler 122270 burglary and theft 4473212 fly wheel 247501 auto and teams property damage 8577742 work mens collective 582417 total Deduct reinsurance Accident 1755727 health 521631 liability 202700 burglary and theft 510305 auto and teams property damage 640672i 3 Deduct salvage Fidelity 342757 surety 28786 total 2 36310 35 3715 43 4 Total deduction Accident 1755727 health 521631 liability 202700 fidelity 342757 surety 28786 burglary and theft 510305 auto and teams property damage 640672 total 5 Net amount paid policyholders for losses Accident 87 28192 health 2709024 liability 51513808 966632 50 40025 781042 ComptrollerGeneeals Report workmens eompsn 9790812 fidelity 1521703 surety 110332 plate glass 5434636 steam boiler 122270 burglary and theft 3962907 fly wheel 2 47501 auto and teams property damage 7937070 workmen s collective 582417 total 926606 72 18 Investigation and adjustment ot claims viz Accident 407395 health 202376 liability 15936477 workmens compensation 2802474 fidelity 1 41203 surety 85997 plate glass 208866 steam boiler 2863 burglary and theft 354897 auto and teams property damage 1946051 workmens col lective 67252 total 221558 51 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 6258830 health 2374945 liability 32111258 workmens compensation 4274 1 fidelity 2708817 surety 1118005 plate glass 3796323 steam boiler 1431600 burglary and theft 3756321 fly wheel 248929 auto and teams property damage 5685585 workmens collective 60177 total 635251 41 29 Salaries fees and all other compensation of officers directors trustees and home office employees 181733 76 30 Salaries traveling and all other expenses of agents not paid by commissions 107132 93 31 Medical examiners fees and salaries 526 34 32 Inspection other than medical and claim 44215 41 33 Rents 30121 72 36 State taxes on premiums 36613 30 37 Insurance department licenses and fees 6597 24 40 Agents licenses 5269 77 41 City and county tax on premiums 773 85 42 Publication fees 618 53 43 Legal expenses 739 62 44 Advertising 5699 71 45 Printing and stationery 30970 25 46 Postage telegraph telephone and express 19294 68 47 Furniture and fixtures 13616 98 49 Other disbursements Employees and agents fidelity bonds 71183 subscriptions to publications 54340 auditors fees 216646 exchange and coll fees 140798 H O sundry ex 1416981 total 18999 48 54 Agents balances charged off 158 73 56 Gross decrease by adjustment in book value of ledger assets viz Bonds 3034 13 57 Total disbursements 2292533 07m ComptrollerGenerals Eeport IVLedger Assets 1043 4 Book value of bonds 2608202 04 5 Cash in companys office 7 Deposits in trust companies and banks on interest 6lifilK m 8 Premiums in course of collection viz On policies or renewals issued on or after Oct 1 1913 Accident 5673070 health 1769635 liability 283 37807 workmens compensation 118 22218 fidelity 2094166 surety 9 05355 plate glass 3161510 steam boiler 983291 burglary and theft 4040017 fly wheel 221531 auto and teams prop dam 3612419 work mens collective 177631 total 627986 50 On policies or renewals issued prior to Oct 1 1913 Accident 191643 health 1 10128 liability 1531047 workmens compensation 730468 fidelity 1 56915 surety 100375 plate glass 138672 steam boiler 39601 burg lary and theft 306725 auto teams property damage 484018 workmens collective 34815 total 38244 07 25 Total 26 Bills receivable 27 Other ledger assets viz Companys proportion of funds in hands of the workmens comp reins and insp bureau 902513 agents sund balances and advance trav exp 422109 total NonLedger Assets 33 Interest accrued on bonds 38193 15 666230 57 592 60 13246 22 44 Gross assets 3670017 12 Deduct Assets Not Admitted 46 Bills receivable 592 60 50 Premiums in course of collection written prior to October 1 1913 38244 07 53 Bonds as per schedule B 112833 86 54 Agts sud balances and advance trav exp 4221 09 56 Total 117054 95 57 Admitted a ssets 3514125 501044 ComptrollerGeneral s Report VLiabilities Losses and claims reported or in process of adjustment Accident 1102553 health 541489 fidelity 11 96539 surety 570000 plate glass 603631 steam boiler 28500 burglary and theft 950920 auto and teams property damage 2125900 workmens col lective 76700 total 71962 41 Losses and claims resisted Accident 475000 burglary and theft 100000 auto and teams property damage 799001 total 1374000 Total losses and claims Accident 1577553 health 541489 fidelity 1196539 surety 570000 plate glass 603631 steam boiler 28500 burglary ami theft 1050929 auto and teams property damage 29 24900 workmens collective 76700 total 85702 41 Deduct reinsurance Accident 104570 health 55970 burglary and theft 89250 auto and teams property damage 94700 total i444 90 7 Net unpaid claims except liability and workmens comp claims Accident 1472983 health 485519 fidelity 1196539 surety 570000 plate glass 603631 steam boiler 28500 burglary and theft 961679 auto and teams property damage 2830201 work mens collective 76700 total 82257 51 17 Special reserve for unpaid liability and workmens com pensation losses 591670 00 20 Total unpaid claims 673 927 51 21 Estimated expenses of investigation and adjustment of unpaid claims Accident 30000 health 10000 fidelity 12500 surety 7500 plate glass 5000 steam boiler 2500 burglary and theft 350011 auto and teams property damage 250000 workmens col lective 2500 total 3550 00 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 213526355 unearned premiums fifty per cent 1007631 77 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 23824302 unearned premiums pro rata 143066 00 29 Commissions brokerage and other charges duo or to be come due to agents or brokers on policies issued on or after Oct 1 1913 viz Accident 1978660 health 607861 liability 6355755 workmens compensa tion 1535830 fidelity 571401 surety 187808 ComptrollerGenerals Report UM5 plate glass 1015774 steam boiler 263056 burg lary and theft 1161863 fly wheel 56704 auto and teams property damage 355981 workmens collee tive 20941 total 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 41 Advance premiums one hundred per cent 51 Total amount of all liabilities except capital 2095604 94 Si Capital actually paid up in cash 10000 53 Surplus over all liabilities 418o0 Jb 54 Surplus as regards policyholders 3514125 50 55 Total liabilities Business in The State of Georgia During The Year Gross premiums less return premiums on risks written or renewed during the year Accident 1027361 health 660439 liability 2232755 fidelity 569223 surety 8400 plate glass 241248 steam boiler 1 607 60 burglary and theft 191989 fly wheel 32676 auto and teams property damage 6o4913 workmens collective 19783 total 795 Gross losses paid Accident 221787 health 37038 liabilitv 1263805 fidelity 448101 surety 558 24 plate glass 123698 burglary and theft 72572 auto and teams property damage 257028 workmen s collective 5476 total 2818b THE STANDARD ACCIDENT INSURANCE COMPANY f T s IWton Secretory Len W Bowen President ICapital Stock 1 Amount of capital paid up in cash 500000 00 2 Amount of ledger assets as balanced December 1 of previous year 1046 ComptrollerGenerals Beport 28447 50 IIIncome 1 Gross premiums written and renewed during the year Accident 153780224 health 26382849 liability 123984873 workmens compensation 63192783 auto and teams prop dam 17672782 workmens collective 3994496 totals 2 Deduct Reinsurance Accident 2720724 liability 124026 total I 3 Deduct return premiums on policies can celled Accident 4390805 health 737200 liability 12524285 work mens compensation 2715911 auto and teams prop dam 1676478 work mens collective 45275 total 4 Premium on policies not taken Accident 23318217 health 5846833 liability 14819103 workmens compensation 6850568 auto and teams prop dam 2187994 total 3890080 07 220899 54 530 15 5 Total deductions Accident 30429746 health 65 84033 liability 27467414 workmens compensation 9566479 auto and teams prop dam 3864472 workmens collective 45275 total 79574 19 6 Net premiums Accident 123350478 health 197 98816 liability 96517459 workmens compensation 53626304 auto and teams prop dam 138083 10 workmens collective 3949221 total 3110505 88 21 Policy fees required or represented by applications 48744 00 23 Gross interest on mortgage loans 10826 65 24 Gross interest on collateral loans 1894 60 25 Gross interest on bonds and dividends on stocks less 548417 accrued interest on bonds acquired during 1913 161841 96 26 Gross interest on deposits in trust companies and banks 2239 74 29 Bills receivable on notes for premiums 453 00 40 Total income 3336505 83 IIIDisbursements 1 Gross amount paid for losses Accident 65669101 health 7812544 liability 60675930 workmens compsn 15222015 auto and teams property damage 4264569 workmens collective 1899464 total 2 Deduct reinsurance Accident 1555436 28 15712 14ComptrollerGeneral s Report 1047 24 Commi 29 5 Net amount paid policyholders for losses Accident 640 978 87 health 7812544 liability 606759 30 work mens compsn 15222015 auto and teams property damage 4264569 workmens collective 1899464 18 Investigation and adjustment of claims viz Accident 17 38119 health 169369 liability 16227588 workmens compensation 1369030 auto and teams property damage 169618 workmens collective 45375 total 3 Policy fees retained by agents emissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 37318815 health 6702149 liability 250 15485 workmens compensation 6294892 auto and teams property damage 3444703 work mens collective 513620 Salaries fees and all other compensation of officers directors trustees and home office employees 30 Salaries traveling and all other expenses of agents not paid by commissions 32 Inspection other than medical and claim 33 Rents 36 State taxes on premiums 37 Insurance department licenses and fees 38 All other licenses fees and taxes Federal corporation tax 40 Municipal licenses and taxes 41 Publication annual 42 Bonds for Ins Depts 21750 sects of state 42650 43 Legal expenses 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone and express 47 Furniture and fixtures 48 Stockholders for interest or dividends 50 Traveling expenses of home office employees 51 Bureau assessments and reports 52 Repairs lighting and electricity 53 Miscellaneous 54 Agents balances charged off 55 Gross loss on sale or maturity of ledger assets viz Bonds Cxross decrease by adjustment in book value of ledger assets viz Bonds 1539724 09 197190 99 48744 00 56 57 Total disbursements 792896 64 170151 57 159691 85 26779 26 10983 03 55591 11 10466 38 1655 12 1785 98 858 07 644 00 3685 12 11775 44 26421 92 18140 08 2000 04 70000 00 5065 87 6174 89 2036 29 1J727 65 5693 15 3257 60 15000 00 3188140 141048 Com ptroijLerG en eral k Re port IVLedger Assets 2 Mortgage loans on real estate 162 100 00 3 Loans secured by pledge of bonds stocks or other col laterals 24306 33 4 Book value of bonds 3715375 38 5 Cash in companys office 10 905 84 6 Deposit in trust companies and banks not on interest 143 618 88 8 Premiums in course of collection viz On policies or renewals issued on or after Oct 1 1913 Accident 17525627 health 3051249 liability 8170356 workmens compensation 61236025 auto and teams prop dam 1797306 workmens collective 548115 total 378286 78 On policies or renewals issued prior to Oct 1 1813 Accident 2892757 health 503161 liability 1216042 work mens compensation 931819 auto and teams prop dam 268562 work mens collective 81902 total 58942 43 25 Total 437229 21 28 Workmens comp special reinsurance fund 12 699 29 NonLedger Assets 32 Interest accrued on mortgages 1855 70 33 Interest accrued on bonds 65 861 62 34 Interest accrued on collateral loans 553 62 44 Gross assets 4569507 87 Deduct Assets Not Admitted 50 Premiums in course of collection written prior to Oct 1 1913 5S 942 43 52 Book value of ledger assets over market value viz Book value over market value of bonds 53 227 43 57 Admitted assets 4457338 01 VLiabilities 1 Losses and claims adjusted Accident 3533944 health 267540 auto and teams property damage 418500 workmen s collective 97543 total 43 175 27ComptrollerGenerals Report Losses and claims reported or in process of adjustment Accident 15572015 health 2134895 auto and teams property damage 1711965 workmens collective 6 16272 total Losses and claims incurred but not reported Auto and teams property damage 4 Losses and claims resisted Accident 8854166 and teams property damage 225000 total 1 auto 7 Net unpaid claims except liability and workmens comp claims Accident 27960125 health 2702435 auto and teams property damage 2380965 workmens col lective 713815 total 17 Special reserve for unpaid liability and workmens com sation losses pensa 1049 203351 47 255 00 9079166 337573 40 745813 36 27 29 20 Total unpaid claims 21 Estimated expenses of investigation and adjustment of unpaid claims Accident 620162 health 62233 auto and teams property damage 48500 workmens collective 23775 total 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 225672386 unearned premiums fifty per cent Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 4372577 unearned premiums pro rata Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after Oct 1 1913 viz Accident 6007688 health 1062406 liability 1838330 workmens compensa tion 841863 auto and teaths property damage 449326 workmens collective 65773 total 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 39 Return premiums 40 Eeinsurance 41 Advance premiums one hundred per cent 51 Total amount of all liabilities except capital 52 Capital actually paid up in cash 500000 00 53 Surplus over all liabilities 1516842 60 1083386 76 7546 70 1128361 94 22179 20 102653 86 7949 95 61529 53 17289 16 1288 36 8309 95 2440495 41 54 Surplus as regards policyholders 2016842 60 55 Total liabilities 4457338 011050 ComptrollerGenerals Report Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident 2250895 health 830473 liability 953322 auto and teams property damage 180094 total 42147 84 Gross losses paid Accident 1287558 health 3 29996 liability 1163126 auto and teams property Tiamage 121635 total 29023 15 THE THAMES AND MERSEY MARINE INSURANCE COMPANY LIMITED H K Fowler Manager United States Branch A L Farie 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 previous year 936612 53 4 Extended at4 936612 li IIIncome Cross premiums 1494262 54 Deduct reinsurance premiums marine and inland 77935971 return premiums marine and inland 10848519 total 7S44 90 11 13 17 is Total premiums other than perpetual Gross interest on bonds and dividends on stocks 24190 00 Gross interest from bills receivable 123 08 Total gross interest From other Bources Received from and for account of home office 44561568 income tax withheld 6833 total From agents balances previously charged off 606417 64 24313 08 445684 01 8 24 28 Total income 1076422 97 ComptbollekGeneeals Report 1051 IIIDisbursements 1 Gross amount paid policyholders for losses 968389 03 2 Deduct amount received for salvage ma rine and inland 4455439 reinsur ance marine and inland 42639379 total 470948 18 3 Xet amount paid policyholders for losses 497440 85 4 Expense of adjustment and settlement of losses 113 78 88 484 4 t 5 Commissions or brokerage 6 Allowances to local agencies for miscellaneous agency ex penses 7 Expenses of special and general agents Vy 8 Salaries fees and all other charges of officers directors trustees and home office employees 27917 3553 17 9 Rents 10 Advertising 23302 printing and stationery 479229 0025 ol total tWo 10 11 Postage telegrams telephone and express h T 167 79 12 Legal expenses 13 Furniture and fixtures 15 Underwriters boards and tariff associations Hi is 17 Inspections and surveys 20 State taxes on premiums ooo in 21 Insurance department licenses and fees 342 1 22 All other licenses fees and taxes Federal corporation tax 1354 73 24 To and for account of home office 507806 85 25 Miscellaneous expenses 41 Total disbursements 1168745 37 IVLedger Assets 4 Book value of bonds 40342050 and stocks 25891300 662333 50 total 3 36 5 Cash in companys office 6 Deposits in trust companies and banks not on interest 13811 u 8 Ledger balances representing business written subsequent mui ion 157137 15 to October 1 1913 9 Ledger balances representing business written prior to Oc tober 1 1913 0905 03 16 Total ledger assets 844290 13 NonLedger Assets 18 Interest accrued on bonds 847608 88 30 Gross assets 1052 ComptrollerGenerals Report Deduct Assets Not Admitted 34 Ledger balances representing business written prior to October 1 1913 10605 03 35 Bills receivable past due taken for marine inland and fire risks 300 00 38 Book value of ledger assets over market value 94083 50 39 Total 41 Total admitted assets 104988 53 742520 35 VLiabilities 1 Gross losses adjusted and unpaid 213s 64 2 Gross claims for losses in process of ad justment or in suspense plus 25000 re serve for losses incurred prior to De cember 31 of which no notice had been received on that date 316006 00 4 Total 318144 64 5 Deduct reinsurance due or accrued 102055 00 i Net amount of unpaid losses and claims 216089 64 8 iross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 13167483 unearned premiums fifty per cent 65837 42 9 Gross premiums less reinsurance cash and bills re ceived ami receivable upon all unexpired marine risks 54858 40 17 Salaries rents expenses bills accounts fees etc due or accrued 2000 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20500 00 21 Reinsurance and return premiums due other companies 13500 00 23 All other liabilities viz Income tax withheld 68 33 2i Total amount of all liabilities except capital 27 Capita actually paid up in cash 200000 00 28 Surplus over all liabilities 169766 56 29 Surplus as regards policyholders 3ii Total liabilities 372853 79 369766 56 742620 35u 27 28 29 30 ComptrollerGenerals Eeport 1053 VIEisks and Premiums In force on the 31st day of December as ner line 6 under this heading in last years statement 198090 80 2645f Written or renewed during the year 2010401 46 1494262 o4 Tota 2208492 26 1758808 20 Deduct those expired and marked off as terminated 01376 1468444 o3 In force at the end of the year 197121 80 290 363 67 Deduct amount reinsured 77969 60 103830 44 L m 119 152 0 186533 23 Net amount in force JJ3JOj Business in the State of Georgia During the Year 4697794 00 Gross risks written n T O 1 UU Less risks cancelled v 4696923 00 Net risks written 34 249 71 Gross premiums on risks written Less return premiums n 34239 46 Net premiums received J Losses paid deducting salvage 15237 b Losses incurred THE TRAVELERS INDEMNITY COMPANY HARTFORD CONN Sylvester C Dunham President James H Coburn Secretary Herbert F Bascher 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 2125846 17 IIIncome 1 Gross premiums written and renewed during the year Ac cident 5073691 health 7993330 liability 193 623 7 steam boiler 25906042 fly wheel 1091347 auto and teams property damage 78541593 total 1379683 751054 CompteolleeGeneeals Eepoet 2 Deduct reinsurance Steam boiler 8 34882 fly wheel 343071 total 11779 53 3 Deduct return premiums on policies can celled Accident 13995 health 1 91944 liability 2830766 steam boiler 1897197 fly wheel 140550 auto and teams property damage 83 86334 total 134607 86 4 Deduct premium on policies not taken Ac cident 967819 health 1484778 liability 996744 steam boiler 30 22332 fly wheel 132047 auto and teams property damage 12787507 total 193912 27 5 Total deductions Accident 981814 health 1676722 liability 3827510 steam boiler 5754411 fly wheel 615668 auto and teams property damage 21173841 totaI 340299 66 6 Net premiums Accident 4091877 health 6316608 liability 15534862 steam boiler 20151631 fly wheel 475679 auto and teams property damage 57367752 total 1039384 09 22 Inspections 4g2 50 23 Gross interest on mortgage loans 23377 83 24 Gross interest on collateral loans 2598 02 25 Gross interest on bonds and dividends on stocks less 231670 accrued interest on bonds acquired during 1913 62 372 22 26 Gross interest on deposits in trust compa nies and banks 2 592 27 31 Total gross interest 90 g4Q 34 34 Increase in liabilities during year on account of reinsur ance treaty 2600 00 39 Gross increase by adjustment in book value of ledger as sets viz Bonds accrual of discount 2 082 2 40 Total income 135499 15 IIIDisbursements 1 Gross amount paid for losses Accident 370713 health 2056524 liability 1112210 steam boiler 24 28938 auto and teams property damage 22233272 total 282016 57 ComptrollerGenerals Report 1055 3 Deduct salvage Steam boiler 2556 auto and teams prop erty damage 1030200 total Wdil 5b 5 Net amount paid polieyholders for losses Accident 3 70713 health 2056524 liability 1112210 steam boiler 2426382 auto and teams property damage 212030 72 total 271689 01 18 Investigation and adjustment of claims viz Accident 2101 health 91681 liability 222210 steam boiler 134510 auto and teams property damage 47 52332 total 52028 34 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 1431698 health 1712366 liability 6 395 82 steam boiler 4050286 fly wheel 65829 auto and teams property damage 12028982 total 199217 43 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 35619 0 30 Salaries traveling and all other expenses of agents not paid by commissions S7Q7n Q3 32 Inspection other than medical and claim 7975 9d J4ooU it 33 Rents 13 117 59 36 State taxes on premiums 37 Insurance department licenses and fees 39 Federal corporation tax nn 11500 00 40 Capital stock tax 41 State county and municipal licenses and fees 538 UO 42 County and municipal taxes 43 Legal expenses 1 792 03 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone and express 443J s 47 Furniture and fixtures 48 Stockholders for interest or dividends amount declared during the year 8000000 OM 00 50 Exchange 1 671 89 51 Miscellaneous expense 54 Agents balances charged off 55 Gross loss on sale or maturity of ledger assets viz Stocks 1516 00 56 Gross decrease by adjustment in book value of ledger as sets viz Bonds 13d 00 843805 60 57 Total disbursements p IVLedger Assets 2 Mortgage loans on real estate first liens 518930 00 3 Loans secured by pledge of bonds stocks or other collateral 675o0 001056 ComptrollerGenerals Report 4 Book value of bonds 163120600 and stocks 2864362 total 1659849 62 5 Cash in company a office 219 19 7 Deposits in trust companies and banks on interest 46264 88 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1913 Accident 524449 health 747636 liability 231339 steam boiler 3230860 fly wheel 1 82018 auto and teams property dam age 6272713 total 111890 15 On policies or renewals issued prior to Oc tober 1 1913 Health 76182 liabil ity 16519 steam boiler 238250 fly wheels 26779 auto and teams prop erty damage 925858 total 12835 88 25 Total 124726 03 31 Ledger assets 2417539 72 NonLedger Assets 32 Interest due 76250 and accrued 622957 on mortgages 6992 07 33 Interest accrued on bonds 24 156 94 4 Interest accrued on collateral loans 1 076 21 44 Gross assets 2 449 764 94 Deduct Assets Not Admitted 50 Premiums in course of collection written prior to October 1 1913 12835 88 53 Bonds and stocks 92 773 29 57 Admitted assets 2344155 77 VLiabilities 2 Losses and claims reported or in process of adjustment Accident 82875 health 284375 steam boiler 13 02000 auto and teams property damage 5035680 total 67049 30 I Losses and claims incurred but not reported Accident 10031 health 37625 steam boiler 15000 auto and teams property damage 1423721 total 14863 77ComptrollerGenerals Eepokt 1057 4 Losses and claims resisted Accident 1750000 steam boiler 20000 auto and teams property damage 5 04000 total 5 Total losses and claims Accident 1842906 health 3 22000 steam boiler 1337000 auto and teams prop erty damage 6963401 total 17 Special reserve for unpaid liability and workmens com pensation losses 20 Total unpaid claims 21 Estimated expenses of investigation and adjustment of un paid claims Health 15116 steam boiler 80500 auto and teams property damage 1899383 total 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 795 55658 unearned premiums fifty per cent 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 342 05796 unearned premiums pro rata 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1913 viz Accident 183557 health 228041 liability 46267 steam boiler 678480 fly wheel 36403 auto and teams property damage 13 17270 total 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 41 Advance premiums one hundred per cent 51 Total amount of all liabilities except capital 52 Capital actually paid up in cash 1000000 00 53 Surplus over all liabilities 432301 05 22740 00 10465307 142510 00 247163 07 19949 99 397778 29 195663 89 24900 15 1413 80 24785 47 200 03 911854 72 54 Surplus as1 regards policyholders Total liabilities 1432301 05 2344155 77 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or re newed during the year Accident 41751 liability 1 00871 steam boiler 164519 fly wheel 16532 auto and teams property damage 1219360 total Gross losses paid Accident 4500 auto and teams prop erty damage 360391 total 15430 33 3648 911058 ComptrollerGeneral s Report THE TRAVELERS INSURANCE COMPANY 8 C Dunham President J L Howard Secretary J A Williamson Atlanta Attorney for Service 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 17414350 38 3 Increase of paidup capital during the year 2500000 00 IIIn come 1 Gross premium written and renewed during the year Acci dent 515055688 health 77400063 liability 6 29486974 workmens compensation 3339862 69 workmens collective 8320548 total 15642495 42 2 DeducF reinsurance Accident 15182979 health 1320870 liability 12432328 total 289361 77 3 Deduct return premiums on policies can celled Accident 10393775 health 2000051 liability 36138234 work mens compensation 14829559 work mens collective 22957 total 633845 76 1 Deduct premium on policies not taken Ac cident 63487371 health 12706763 liability 62780502 workmens com pensation 18598295 workmens col lective 221035 total 157793966 5 Total deductions Accident 89064125 health 160 27684 liability 111351064 workmens compensa tion 33427854 workmens collective 243992 total 2501147 19 i Net premiums Accident 425991563 health 61372379 liability 518135910 workmens compensation 3005 58415 workmens collective 8076556 total 13141348 23 22 Inspections 24 Gross interest on collateral loans 25 Gross interest on bonds and dividends on stocks 26 Gross interest on deposits in trust compa nies and banks 28 Interest on bills receivable 13466 43 650136 80 39947 39 3219 73 2653 51 31 Total gross interest 706 770 35CoMPTROLLERGrENERAlS REPORT 1059 33 Refund of overpayment federal corporation tax 7984 43 34 Deposit income tax account 35 Profit and loss 658 86 37 From agents balances previously charged off 329 8o 38 Gross profit on sale or maturity of ledger assets viz Bonds 25440 stocks 16038 total 414 78 39 Gross increase by adjustment in book value of ledger as sets viz Bonds 16645 01 40 Total income 13876855 02 IIIDisbursements 1 Gross amount paid for losses Accident 184853864 health 25687691 liability 370443164 workmens compensation 73746180 workmens collective 70 64225 total 661795124 2 Deduct reinsurance Accident 1766661 health 740283 liability 200000 total 27069 44 5 Net amount paid policyholders for losses Accident 1830 87203 health 24947408 liability 370243164 workmens compensation 73746180 workmens col lective 7064225 total 659088180 17 Matured endowments and surrender values under ten pre mium accident policies 18804 90 18 Investigation and adjustment of claims viz Accident 95 27963 health 1021667 liability 83317567 work mens compensation 10945123 workmens collective 347583 total 1051599 03 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 129407128 health 18126410 liability 121011792 workmens compensation 36154892 workmens collective 1135602 total 3058358 24 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 519318 51 29 Traveling expenses home office 28273 51 30 Salaries traveling and all other expenses of agents not paid by commissions 689849 14 30 Salaries traveling and all other expenses of payroll au ditors 148445 23 31 Medical examiners fees and salaries 13721 17 32 Inspection other than medical and claim 331548 17 33 Bents 168476 08 36 State taxes on premiums 191284 92 37 Insurance department licenses and fees 17911 47 40 Capital stock tax 142412 501060 ComptrollerGenerals Report 41 State county and municipal licenses and fees 3502 75 42 County and municipal taxes 1962 67 43 Legal expenses 10763 2 44 Advertising 08732 38 45 Printing and stationery 88107 9S 40 Postage telegraph telephone and express 88771 20 47 Furniture and fixtures 119800 72 48 Stockholders for interest or dividends 1520000 00 49 Heat and light and miscellaneous expenses of offices 32353 47 50 Newspapers periodicals and books 5197 27 50 Exchange 1450 19 51 Bureau of publicity 13224 63 51 Workmen s compensation service bureau 9802 07 52 Other dues and fees for membership in various insurance associations 3002 19 52 Insurance on companys employees and property 12477 40 53 Miscellaneous expenses 7564 55 54 Agents balances charged off 1 326 49 55 Gross loss on sale or maturity of ledger assets viz Bonds 901 00 56 Gross decrease by adjustment in book value of ledger as sets viz Bonds 12 794 63 57 Total disbursements 14972 808 94 IVLedger Assets 3 Loans secured by pledge of bonds stocks or other collat erals 344623 40 4 Book value of bonds 962387000 and stocks 4707 54205 total 14331412 05 5 Cash at branch offices 72824 63 6 Deposit in trust companies and banks not on interest 2335 1 69 7 Deposits in trust companies and banks on interest 1004701 23 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1913 Accident 40192489 health 6875658 liability 84058406 workmens compensation 42632638 workmens collective 410025 total 1741752 10 On policies or renewals issued prior to Oc tober 1 1913 Accident 3230331 health 415003 liability 18850929 workmens compensation 9667932 workmens collective 248903 total 221197 58 5 Ttal 2005949 71 20 Hills receivable 46629 19 28 Agents ledger balances 58601 33 31 Ledger assets 18818396 46ComptrollerGenerals Beport 1061 NonLedger Assets 33 Interest due and accrued on bonds 34 Interest due and accrued on collateral loans 38 Rents 130920 43 3356 01 134270 44 44 Gross assets 18952672 90 Deduct Assets Not Admitted 46 Bills receivable 46 Agents ledger balances 50 Premiums in course of collection written prior to October 1 1913 Bonds and stocks 53 57 46629 19 58601 33 324197 58 457794 55 Admitted assets 18065450 25 VLiabilities 1 2 Losses and claims adjusted Accident 1608919 health 398377 workmens collective 147300 total Losses and claims reported or in process of adjustment Accident 35739190 health 4840491 workmens collective 634343 total 3 Losses and claims incurred but not reported Accident 2604319 health 570977 workmens collective 28276 total 4 Losses and claims resisted Accident 21545 96 412140 24 32035 72 177638 57 5 Total losses and claims Accident 57716285 health 5809845 workmens collective 809919 total 643360 49 6 Deduct reinsurance Accident 30000 00 7 Net unpaid claims except liability and workmen s compen sation claims excluding expenses of investigation and adjustment Accident 54716285 health 5809845 workmens collective 809919 total 613360 49 Special reserve for unpaid liability and workmens com pensation losses 2634986 00 17 20 Total unpaid claims 3248346 49 21 Estimated expenses of investigation and adjustment of un paid claims Accident 2735814 health 290492 workmen s collective 40496 total 30068 02 26 Gross premiums loss reinsurance upon all unexpired risks running one year or less from date of policy 9 572 35410 unearned premiums fifty per eont 4786177 051062 ComptrollerGenerals Report 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 339 66174 unearned premiums pro rata long term 185 68239 ten premium accident 32254900 total 508231 39 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October a 1913 viz Accident 12057747 health 2062697 liability 16811681 workmens compensation 7460712 workmens collective 72805 total 384656 42 34 Salaries rents expenses bills accounts fees etc due or accrued 150399 04 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 261801 66 41 Advance premiums one hundred per cent 4105 55 43 Reserve accident contingent fund 282702 45 44 Reserve accident accumulations 224189 55 45 Reserve liability excess limits 59456 08 46 Reserve workmens compensation contingent fund 378407 91 51 Total amount of all liabilities except capital 10319141 61 52 Capital actually paid up in cash 5000000 00 53 Surplus over all liabilities 2746308 64 54 Surplus as regards policyholders 7746308 64 55 Total liabilities 18065450 25 Business in the State of Georgia During the Year Gross premiums less return premiums on risks written or re newed during the year Accident 5675395 health 2219991 liability 9091812 workmens collective 60450 total 170476 48 Gross losses paid Accident 2549706 health 1204920 liability 3751618 workmens collective 19752 total 75259 96 ComptrollerGeneeals Report 1063 UNION MAEINE INSURANCE COMPANY LTD F Herrmann Co United States Managers Carleton Y Smith Attorney for Service Business in the State of Georgia During the Year 27 Gross risks written 722893 00 Less 204306 risks cancelled and 85070 reinsurance in companies authorized in Georgia 289376 00 Net risks written 433517 00 28 Gross premiums on risks written 17752 40 Less 572853 return premiums and 169764 premiums for reinsurance in companies authorized in Georgia 7426 17 Net premiums received 10326 23 29 Losses paid deducting salvage 11628 02 Less losses on risks reinsured in companies authorized in Georgia 1147 80 Net losses paid 10480 22 30 Losses incurred 11628 02 Less losses on risks reinsured in companies authorized in Georgia 1147 80 Net losses incurred 10480 22 UNITED STATES CASUALTY COMPANY Home Office 80 Maiden Lane New York N Y Bdson S Lott President D G Luckett 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 2897802 96 Extended at 2897802 96 IIIncome 1 Gross premiums written and renewed during the year Ac cident 64817414 health 30229804 liability 11064 ComptrollerGenerals Report S 16220391 workmens compensation 26274703 plate glass 2178208 steam boiler 5655339 burglary and theft 10714341 sprinkler 4743485 fly wheel 150757 automobile and teams property damage 59 26818 workmens collective 607680 total 2675189 40 Deduct reinsurance Accident 3893679 health 378788 liability 171466 steam boiler 761600 burglary and theft 704180 sprinkler 823781 fly wheel 3800 total 67372 94 Deduct return premiums on policies can celled Accident 1521690 health 7 50272 liability 7121273 workmens compensation 1041902 plate glass 62868 steam boiler 428540 bur glary and theft 446195 sprinkler 3 27223 fly wheel 25789 automobile and teams property damages 387312 workmens collective 19227 total 121322 91 Deduct premiums on policies not taken Ac cident 10399102 health 6159344 liability 29334048 workmens com pensation 6863528 plate glass 4 50347 steam boiler 1285433 bur glary and theft 1660802 sprinkler 1023356 fly wheel 48926 automo bile and teams property damage 13 24148 workmens collective 233246 total 587822 80 5 Total deductions Accident 15814471 health 7288404 liability 36626787 workmens compensation 79 05430 plate glass 513215 steam boiler 247557 burglary and theft 2811177 sprinkler 2174360 fly wheel 78515 automobile and teams property dam age 1711460 workmens collective 252473 total 6 Net premiums Accident 49002943 health 22941400 liability 79593604 workmens compensation 183 69273 plate glass 1664993 Steam boiler 3179766 burglary and theft 7903164 sprinkler 2569125 fly wheel 72242 automobile and teams property dam age 4215358 live stock 355207 total 23 QroSS interest on mortgage loans 14158 17 25 Gross interest on bonds and dividends on stock less 69975 accrued interest on bonds acquired during 191 103152 75 776518 65 1898670 75 ComptrollerGenerals Report 1065 26 Gross interest on deposits in trust compa nies and banks 1166 50 29 Workmens compensation reinsurance and inspection bureau 61 46 31 Total gross interest and rents 118538 88 33 Recovery of items previously charged to profit and loss 145 78 38 Gross profit on sale or maturity of ledger assets viz Bonds 150000 stocks 90464 total 2404 64 40 Total income 2019760 05 IIIDisbursements 1 Gross amount paid for losses Accident 26077020 health 11206893 liability 44560585 workmens compensation 6600648 plate glass 449290 steam boiler 373282 burglary and theft 4688132 sprin kler 1196071 automobile and teams property dam age 1295607 workmens collective 142093 total 2 Deduct reinsurance Accident 2113173 health 3 10160 liability 7500 burglary and theft 289792 sprinkler 143138 total 965896 21 28637 63 5 Net amount paid policyholders for losses Accident 239 63847 health 10896733 liability 44553085 work mans compensation 6600648 plate glass 449290 steam boiler 373282 burglary and theft 4398340 sprinkler 1052933 automobile and teams property damage 1295607 workmens collective 142093 total 937258 58 18 Investigation and adjustment of claims viz Accident 19 97521 health 757327 liability 8636783 work mens compensation 1154566 plate glass 13386 steam1 boiler 149392 burglary and theft 654821 sprinkler 141051 automobile and teams property dam age 394633 workmens collective 12656 total 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Accident 14477966 health 6854003 liability 18124621 workmens compensation 2301647 plate glass 513213 steam boiler 751169 burglary and theft 2200940 sprinkler 638291 fly wheel 17652 automobile and teams property damage 8 89739 workmens collective 95485 total 468647 26 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 134325 82 139121 361066 ComptrollerGenerals Report 30 Salaries traveling and all other expenses of agents not paid by commissions 50556 45 32 Inspections other than medical and claim 33345 11 33 Rents 19735 42 35 Taxes on real estate 394 96 36 State taxes on premiums 30524 76 37 Insurance department licenses and fees 6761 90 38 All other licenses fees and taxes Federal corporation tax 18832 taxes on personal property 21778 municipal licenses 126402 California franchise tax 49220 total 2162 32 43 Legal expenses 3905 56 44 Advertising 3149 45 45 Printing and stationery 26816 09 46 Postage telegraph telephone and express 12075 74 47 Furniture and fixtures 11792 98 48 Stockholders for interest or dividends amount declared during the year 5000000 50012 50 49 Other disbursements Extended free accident insurance 1 07475 miscellaneous 1055290 profit and loss 2 03382 fees of auditors 241466 exchange on checks 139307 total 17469 20 57 Total disbursements 1948055 46 IVLedger Assets 1 Book value of real estate 4500 00 2 Mortgage loans on real estate first liens 300000 00 4 Book value of bonds 91944621 anil stocks 1350 14136 total 2269587 57 5 Cash in companys office 2688 17 6 Deposits in trust companies and banks not on interest 24742 55 7 Deposits in trust companies and banks on interest 104415 84 8 Premiums in course of collection viz On policies or re newals issued on or after October 1 1913 Accident 57 46054 health 3303945 liability 10342542 work mens compensation 2686892 plate glass 304165 steam boiler 717949 burglary and theft 1245947 sprinkler 336490 automobile and teams property damage 566543 workmens collective 65029 total 253155 56 28 Cash in hands of resident managers and adjusters 4700 00 29 Agents ledger balances debits 1506 82 30 The workmen s compensation reinsurance and inspection bu reau fund 4 211 04 31 Ledger assets 2969507 55 ComptrollerGenerals Beport 1067 NonLedger Assets 32 Interest accrued on mortgages 4243 53 S3 Interest accrued on bonds 10971 72 44 Gross assets 2984722 SO Deduct Assets Not Admitted 53 Bonds as per Schedule D 75296 21 54 Stocks as per Schedule D 235131 36 55 Cash in the hands of resident managers and adjusters 4700 00 56 Agents ledger balances 1506 82 Total 316634 39 57 Admitted assets 2668088 41 VLiabilities 2 Losses and claims reported or in process of adjustment Accident 4621900 health 1526400 plate glass 41600 steam boiler 7200 burglary and theft 5 64300 sprinkler 41900 automobile and teams prop erty damage 451500 workmens collective 29300 total 72841 00 4 Losses and claims resisted Accident 2196000 health 9000 automobile and teams property damage 22500 total 22275 00 5 Total losses and claims Accident 6817900 health 15 35400 plate glass 41600 steam boiler 7200 bur glary and theft 564300 sprinkler 41900 automo bile and teams property damage 474000 workmens collective 29300 total 9511600 17 Special reserve for unpaid liability and workmens com pensation losses 155969 00 20 Total unpaid claims 251085 00 21 Estimated expenses of investigation and adjustment of un paidclaims Accident 7576 health 1706 plate glass 46 steam boiler 8 burglary and theft 627 sprinkler 46 automobile and teams property damage 525 workmens collective 32 total 10566 00 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 1464 66755 unearned premiums fifty per cent 732333 781068 ComptrollerGenerals Keport 27 Gross premiums less reinsurance upon all unexpiretl risks running more than one year from date of policy 247 00757 unearned premiums pro rata 131562 47 29 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1913 viz Accident 1436514 health 8 25986 liability 2585636 workmens compensation 671723 plate glass 76041 steam boiler 179487 burglary and theft 311487 sprinkler 84122 auto mobile and teams property damage 141636 work men s collective 16257 total 63288 89 34 Salaries rents expenses bills accounts fees etc due or accrued 3500 00 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 30000 00 36 Dividends declared and unpaid to stockholders 12772 50 40 Reinsurance 5399 18 41 Advance premiums one hundred per cent 652 39 43 Special voluntary additional reserve for unpaid liability and workmens compensation losses 143071 00 44 Reserve for claims incurred in 1913 reported in 1914 20000 00 45 Contingency fund 53482 58 46 Reserve for reinsurance in companies not admitted in New York 10374 62 51 Total amount of all liabilities except capital 1468088 41 52 Capital actually paid up in cash 500000 00 53 Surplus over all liabilities 700000 00 54 Surplus as regards policyholders 1200000 00 55 Total liabilities 2668088 41 Business in the State of Georgia During the Year Gross premiums less return premiums on risks written or re newed during the year Accident 1052508 health 719383 liability 3491918 plate glass 1321 steam boiler 111495 burglary and theft 56166 sprinkler 66026 automobile and teams property dam age 54504 workmens collective 55707 total 56090 28 Gross losses paid Accident 406648 health 387567 liability 2055139 burglary and theft 45248 auto mobile and teams property damage 9435 workmens collective 18130 total 29 221 67 ComptrollerGenerals Beport 1069 UNITED STATES FIDELITY AND GUARANTY COMPANY John B Bland President George B Collis Secretary William A Wright Atlanta Attorney for Service 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 3 7672168 31 IIIncome 1 Gross premiums written and renewed during the year Ac cident 18861213 health 7151279 liability 2038 88650 workmens compensation 22949837 fidelity 154945083 surety 293179844 plate glass 141 62444 steam boiler 110485 burglary and theft 37146118 auto and teams prop damage 20870022 workmens collective 5719149 total 7789842 24 2 Deduct reinsurance Accident 1103590 health 391970 liability 29207 fidel ity 4510292 surety 16401940 plate glass 2297 steam boiler 1036560 burglary and theft 2301922 fly wheel 69188 auto and teams property dam age 329607 total 261765 73 3 Deduct return premiums on policies can celled Accident 644128 health 3 62202 liability 22161102 work mens compensation 1296180 fidelity 11798155 surety 23378928 plate glass 421963 steam boiler 159797 burglary and theft 1657004 fly wheel 30215 auto and teams property dam age 2762614 workmens collective 402513 total 650748 01 4 Deduct premium on policies not taken Acci dent 2456920 health 994001 lia bility 26979848 workmens compen sation 3891565 fidelity 4403248 surety 9701899 plate glass 18J 59414 steam boiler 27275 burglary and theft 4013773 auto and teams property damage 3397648 work mens collective 416462 total 581420 53 5 Total deductions Accident 4204638 health 1748173 liability 49170157 workmens compensation 511070 ComptrollerGeneral s Report 87745 fidelity 20711695 surety 49482767 plate glass 2283674 steam boiler 1223632 burglary and theft 7972699 fly wheel 99403 auto and teams property damage 6489869 workmens collective 8 18975 total 1493934 27 6 Net premiums Accident 14656575 health 5403106 liability 154718493 workmens compensation 177 62092 fidelity 134233388 surety 243697077 plate glass 11878770 steam boiler 1113047 bur glary and theft 29173519 fly wheel 99403 auto and teams property damage 14380153 workmens col lective 4900174 total 6295907 97 22 Inspections 817 16 23 Gross interest on mortgage bonds 125 00 24 Gross interest on collateral loans 1561 02 25 Gross interest on bonds and dividends on stocks 196368 63 23 Gross interest on deposits in trust compa nies and banks 9215 12 28 Premium deposits in branch offices 1766 25 29 Bills receivable 177 73 Collateral deposits in excess amount due de positors 5275 25 30 Gross rents from companys property in cluding 3500000 for companys occu pancy of its own buildings 60761 19 31 Total gross interest and rents 275250 49 33 Munich reinsurance rtserve account 3963 26 37 From agents balances previously charged off 1224 37 38 Gross profit on sale or maturity of ledger assets viz Eeal estate 55600 bonds 351469 total 59114 69 40 Total income 6636277 94 IIIDisbursements 1 Gross amount paid for losses Accident 9422885 health 295485 liability 66410503 workmens compensa tion 9197126 ddelity 61616019 surety 1624 98101 plate glass 4210764 steam boiler 116347 burglary and theft 7320310 auto and teams property damage 5510872 workmens collective 3001858 totals 3322656 71 2 Deduct reinsurance Accident 117884 ComptrollerGenerals Eeport 1071 health 150088 fidelity 1157718 surety 10084820 burglary and theft 629816 auto and teams property dam age 80520 total Deduct salvage Accident 22978 health 6465 liability 464203 workmens compensation 35979 fidel ity 15818496 surety 54328930 plate glass 63760 steam boiler 1000 burglary and theft 131445 auto and teams property damage 82028 work men s collective 42820 total 125208 46 4 709981 04 Total deductions Accident 440862 health 156553 liability 464203 workmens compensation 35979 fidelity 16976214 surety 64413750 plate glass 63760 steam boiler 1000 burglary and theft 7 61261 auto and teams property damage 162548 total 835189 50 5 Net amount paid policyholders for losses Accident 89 82023 health 2798303 liability 65946300 work mens compensation 9161147 fidelity 44639805 surety 98084351 plate glass 4147004 steam boiler 115347 burglary and theft 6565079 auto and teams property damage 5348324 workmens collec tive 2959038 total 2487467 21 18 Investigation and adjustment of claims viz Accident 2 50694 health 27688 liability 8166702 work mens compensation 175395 fidelity 4784868 surety 8007045 plate glass 3800 steam boiler 4700 burglary and theft 229622 auto and teams property damage 431897 workmens collective 3li30 total 221135 41 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 4279226 health 1423234 liability 295 23815 workmens compensation 1440546 fidelity 24858860 surety 48499290 plate glass 3273038 steam boiler minus 315411 burglary and theft 74 20840 fly wheel minus 28562 auto and teams prop erty damage 2066990 workmen s collective 854038 total v 123295904 29 Salaries fees and all other compensation of officers direc tors trustees and home office employees 399772 94 30 Salaries traveling and all other expenses of agents not paid by commissions 743772 18 31 Medical examiners fees and salaries 1916 501072 ComptrollebGenebals Repobt 32 Inspection other than medical and claim 25698 20 33 Rents 115558 39 34 Repairs and expenses other than taxes on real estate 20961 17 35 Taxes on real estate 13434 97 36 State taxes on premiums 95624 65 37 Insurance department licenses and fees 20759 10 38 All other licenses fees and taxes Federal corporation tax 1383862 5229580 25094 489362 total 71278 98 43 Legal expenses 15310 67 44 Advertising 88899 42 45 Printing and stationery 72766 33 46 Postage telegraph telephone and express 108944 29 47 Furniture and fixtures 18866 33 48 Stockholders for interest or dividends 200000 00 49 Other disbursements Home office traveling expenses 7 12081 examination by N Y and Md insurance depart ments 1148037 dept guar attys net 374920 damage account elevator accident 400000 int Mun ich Reinsurance Co reserve account 97236 reimburse ment collateral funds Carnegie Trust Co 962527 gen eral miscellaneous expenses 1265613 agents balances charged oil 2237192 total 71976 15 55 Gross loss on sale or maturity of ledger assets viz Real estate 356852 bonds 219613 total 5764 65 56 Gross decrease by adjustment in book value of ledger as sets 51992 87 57 Total disbursements 30S2859 45 IVLedger Assets 1 Book value of real estate 609400 00 2 Mortgage loans on real estate 500 00 3 Loans secured by pledge of bonds stocks or other collateral 49649 00 4 Book value of bonds 4687771 24 and stocks 557 75444 total 5245525 68 5 Cash in companys office 297 t 38 6 Deposit in trust companies and banks not on interest 180974 92 7 Deposits in trust companies and banks on interest 619806 01 8 Premiums in course of collection viz On policies or renewals issued on or after October 1 1913 Accident 2081076 health 1667238 liability 23257498 workmens compensation 8423760 fidelity 11747205 surety 39434764 plate glass 2825509 burglary and theft 4844097 auto and teams prop erty damage 2476116 workmens col lective 960252 total 977175 15 ComptrollerGenerals Report 1073 On policies or renewals issued prior to Oc tober 1 1913 Accident 423466 health 104133 liability 6303933 workmens compensation 56364 fidel ity 1736514 surety 10524810 plate glass 193091 burglary and theft 27890 auto and teams prop erty damage 356218 total 199774 37 25 Total 1176949 52 26 Bills receivable 2500 00 28 Due by U S Government under contract 6276 99 29 Accounts with suspended banks 189222 74 30 Advance secured 80701 75 Due for subscriptions dopt guar attys 61045 81 31 Ledger assets 337307 29 NonLedger Assets 32 Interest accrued on mortgages 33 Interest due 3380200 and accrued 2792071 on bonds 01722 71 34 Interest due 2312 and accrued 26111 on collateral loans 28423 35 Interest due and accrued on other assets 500 00 38 Rents accrued on companys property or lease 221 33 44 Gross assets 8288317 15 Deduct Assets Not Admitted 46 Bills receivable 2500 00 50 Premiums in course of collection written prior to October 1 1913 199774 37 51 Guar atty subscriptions written prior to October 1 1913 6019 01 52 Book value of ledger assets over market value viz Bonds 36232824 stocks 1662044 total 378948 68 57 Admitted assets 7701075 09 VLiabilities 2 Losses and claims reported or in process of adjustment Ac cident 1920100 health 402100 fidelity 195 63357 surety 53214620 plate glass 281667 bur glary and theft 1182757 auto and teams property damage 1226800 workmens collective 761200 total 785526011074 CompteollebGenebals Repoet 3 Losses and claims incurred but not reported Accident 2 50700 health 1500 plate glass 25000 auto and teams property damage 50000 totals 4 Losses and claims resisted Accident 5000 fidelity 19887531 surety 32301540 burglary and theft 35000 auto and teams property damage 291000 total 4750 00 530150 71 7 Net unpaid claims except liability and workmens compen sation excluding expenses of investigation and adjust ment Accident 2670100 health 152100 fidelity 39450888 surety 85516160 plate glass 306667 burglary and theft 1217757 auto and teams property damage 1567800 workmens collective 761200 total 1320426 72 17 Special reserve for unpaid liability and workmens compen sation losses 367061 00 20 Total unpaid claims ggy 437 72 21 Estimated expenses of investigation and adjustment of un paid claims Accident 2500 health 1500 plate glass 250 credit 1000 auto and teams property dam age 500 workmen s collective 300 total 6050 00 26 Gross premiums less reinsurance upon all excise risks written in N Y State running one year or less from date of policy 7311444 unearned premiums 75 per cent 54835 33 27 Gross premiums less reinsurance upon all unexpired risks running more than one year from date of policy 4 93178484 unearned premiums 50 per cent 2410360 25 Gross premium less reinsurance all risks running more than one year from date of policy 80989397 un earned premiums pro rata 405 088 14 29 Commissions brokerage and other charges due or to become due to agents or brokers on policies issued on or after October 1 1913 viz Accident 618080 health 4 71828 liability 4651500 fidelity 2267211 surety 7610909 plate glass 836351 burglary and theft 1259465 auto and teams property damage 91226 workmens collective 170924 total 191198 70 34 Salaries rents expenses bills accounts fees etc due or accrued 13049 48 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this stltemcnt 106254 59 39 Return premiums U qoo rj ComptrollerGenerals Report 1075 A Ci A A PC Q7 40 Reinsurance 42 Other liabilities 28054 91 51 Total amount of all liabilities except capital 4960916 06 52 Capital actually paid up in cash 2000000 00 53 Surplus over all liabilities 740159 03 54 Surplus as regards polieyholders 2740159 03 55 Total liabilities 7701075 09 Business in the State of Georgia During the Year Gross premiums less return premium on risks written or renewed during the year Accident 1269037 health 666765 liability 4149671 fidelity 2618423 surety 4189260 plate glass 447000 burglary and theft 472278 auto and teams property damage 6 35667 workmens collective 190183 total 146383 44 Gross losses paid Accident 322379 health 434820 liability 1024048 fidelity 960587 surety 10 79257 plate glass 185985 burglary and theft 39360 auto and teams property damage 195256 workmens collective 235592 total 44772 84 UNITED STATES HEALTH AND ACCIDENT INSURANCE COMPANY Home Office 130 No Washington Ave Saginaw Mich J B Pitcher President J M Pitcher Secretary G A Dean Atlanta Georgia Attorney for Service ICapital Stock 1 Amount of capital paid up in cash 400000 00 9 Amount of ledger assets as per balance December 31 of 1004440 69 previous year r 3 Increase of paidup capital during the year 100000 00 IIIncome 1 Gross premiums written and renewed during the year Ac cident 79708587 health 44147850 total 1238564 37 2 Deduct reinsurance Accident 142874 health 32432 total 1753 061076 ComptrollerGeneral s Kepokt Deduct return premiums on policies can celled Accident 390172 health 2 00114 total 6502 86 Deduct premium on policies not taken Ac cident 0304934 health 4203290 tltal 105082 24 5 21 24 25 26 Total deductions Accident 6837980 health 4495836 total Net premiums Accident 72870607 health 39052014 total j Policy fees required or represented by applications Gross interest on collateral loans Part l Gross interest on bonds and dividends on stocks less 153061 accrued interest on bonds acquired during 1913 Part 1 39 78358 Part 4 164825 total Gross interest on deposits in trust compa nies and banks 113338 Hi 1125220 21 128378 00 170 36 39901 22 2080 17 31 33 37 39 Total gross interest and rents Fees for changing and issuing policies From agents balances previously charged oft Gross increase by adjustment in book value of ledger as sets viz Bonds part 1 42151 75 128 41 184 99 2797 86 40 Total income 1298867 22 IIIDisbursements 1 Gross amount paid for losses Accident 32614621 health 18981961 totals 18 Investigation and adjustment of claims viz Accident 2 60552 health 173701 total 23 Policy fees retained by agents 24 Commissions or brokerage less amount received on return premiums and reinsurance for the following classes Ac cident 16864741 health 11243161 total 29 Salaries fees and all other compensation of officers di rectors trustees and home office employees 80 Salaries traveling and all other expenses of agents not paid by commissions 31 Medical examiners fees and salaries 32 Inspection other than medical and claim 33 Bents 34 Bepairs and expenses other than taxes on real estate leased for home office 515965 82 4342 53 128378 00 281079 02 107601 15 64209 8 I 2747 9T 646 50 23859 35 256 53 CompteollekGenerals Report 1077 30 State taxes on premiums 37 Insurance department licenses and fees 39 Federal corporation tax 40 Municipal licenses and taxes 43 Legal expenses 44 Advertising 45 Printing and stationery 46 Postage telegraph telephone and express 47 Furniture and fixtures 48 Stockholders for interest or dividends Cash 4794600 stock 10000000 total 50 Premium on Fidelity bonds of agents collectors and em ployees 51 Subscription to insurance periodicals agencies and associ ations 52 Janitor 33344 supplies repairs and insurance on fur niture and fixtures 55188 total 53 Office supplies for home office 54 Agents balances charged off 56 Gross decrease by adjustment in book value of ledger assets viz Bonds 57 Total disbursements 19018 93 5435 78 1560 08 728 04 309 51 5188 09 10518 94 13225 41 2627 55 147946 00 2197 62 1196 84 885 32 918 40 2641 8T 73 10 1343558 19 IVLedger Assets 3 Loans secured by pledge of bonds stocks or other collaterals 4 Book value of bonds 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 Premiums in course of collection viz On policies or re newals issued on or after October 1 1913 Accident 2888113 health 1925408 total 5000 00 864990 99 7767 02 37478 51 96377 99 48135 21 31 Ledger assets 1059749 72 NonLedger Assets 33 Interest hie 90000 and accrued 1651627 on bonds 34 Interest accrued on collateral loans 1741627 12 99 44 Gross assets 1077178 98 Deduct Assets Not Admitted 51 Overdue and accrued interest on bonds in default 1500 001078 ComptrollerGenerals Report 53 Bonds per schedule t Part 1 19215 90 56 Total 20715 90 57 Admitted asests 1056463 08 VLiabilities 1 Losses and claims adjusted Accident 702400 health 452400 total 2 Losses and claims reported or in process of adjustment Accident 3444400 health 2325300 total 3 Losses and claims incurred but not reported Accident 1397600 health 931642 total 4 Losses and claims resisted Accident 650000 health 40000 total 5 Total losses and claims Accident 6194400 health 37 49342 total 6 Deduct reinsurance Accident 136600 health 32142 total 7 Net unpaid claims except liability and workmens compen sation claims excluding expenses of investigation and adjustment Accident 6057800 health 3717200 total 21 Estimated expenses of investigation and adjustment of unpaid claims Accident 1000 health 250 total 26 Gross premiums less reinsurance upon all unexpired risks running one year or less from date of policy 15239540 unearned premiums fifty per cent 29 Commissions brokerage and other charges due or to be come due to agents or brokers on policies issued on or after October 1 1913 viz Accident 1472255 health 981500 total 34 Salaries rents expenses bills accounts fees etc due or accrued 35 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 40 Reinsurance 41 Advance premiums one hundred per cent 11548 00 57697 00 2329242 6900 00 9943742 168742 97750 00 1250 00 76197 70 24537 55 5541 29 23517 30 546 75 27122 49 51 Total amount of all liabilities except capital 256 463 08ComptrollerGenerals Eepoet 1079 52 Capital actually paid up in cash 53 Surplus over all liabilities 400000 00 400000 00 800000 00 1056463 08 54 Surplus as regards polieyholders 55 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 9099 83 Gross losses paid Accident and health 6377 88 SUBSCRIBERS AT UNITED STATES LLOYDS FIRE AND MARINE INSURANCE COMPANY A Foster Higgins Herbert Appleton Douglas F Cox Attorneys for the Subscribers under the firm name of Higgins Cox ICapital Stock 1 Amount of original deposit paid up in cash 100000 00 2 Amount of ledger assets as per balance December 31 of previous year 1713321 4 Extended at 1713321 86 ITIncome 5 Gross premiums 6 Deduct reinsurance premiums marine and inland ld7D 57309 return premiums marine and inland 28400995 total 2976255 66 1659583 04 7 Total premiums other than perpetual 1316672 62 11 Gross interest on bonds and dividends on stocks less 97465 accrued interest on bonds acquired during 1913 37066 81 12 Gross interest on deposits in trust compa nies and banks 13 Gross interest from all other sources 17 Total gross interest and rents 28 Total income 199 02 41830 29 1358502 911080 ComptbollebGeneeals Eepobt IIIDisbursements 1 Gross amount paid policyholders for losses including 549506 occurring in previous years 2090069 49 2 Deduct amount received for salvage marine and inland 12550919 reinsurance marine and inland 84246246 total 967971 65 3 Net amount paid policyholders for losses 1122697 84 4 Expense of adjustment and settlement of losses 25257 44 5 Commissions or brokerage 376 204 88 6 Allowances to local agencies for miscellaneous agency ex penses 12828 54 8 Salaries fees and all other charges of officers directors trustees and home office employees 118873 77 9 Eents 11239 00 10 Advertising 81825 printing and stationery 1489644 total 15714 69 11 Postage telegrams telephone and express 4 852 96 12 Legal expenses 2821 63 13 Furniture and fixtures 317 00 15 Underwriters boards and tariff associations 2 308 72 16 Fire department fire patrol and salvage corps assessments fees taxes and expenses 161 89 17 Inspections and surveys 4 8gi 4g 20 State taxes on premiums 30 034 04 21 Insurance department licenses and fees 4 039 18 23 Other disbursements Miscellaneous office expenses 13 50448 exchange 159072 total 15095 20 34 Paid subscribers for interest or dividends amount declared during the year 2500000 25000 00 39 Gross loss on sale or maturity of ledger assets viz Bonds 625 00 40 Gross decrease by adjustment in book value of ledger as sets viz Bonds 28 225 00 41 Total disbursements 1 801 178 6 IVLedger Assets 4 Book value of bonds 785000 00 5 Cash in companys office o iqO 47 6 Deposits in trust companies and banks not on interest 41644 72 7 Deposits in trust companies and banks on interest 231 161 90 8 Agents balances representing business written subsequent to October 1 1913 151 58 40 9 Agents balances representing business written prior to Oc tober 1 1913 38520 52 ComptrollekGenerals Report 1081 13 Cash with Morgan Grenfcll Co on interest 20942 35 14 Cash with Broderick Leith Kendall not on interest118 aj m 1270646 51 16 Total ledger assets v NonLedger Assets 18 Interest due and accrued on bonds 10045 83 1280692 34 30 Gross assets Deduct Assets Not Admitted 34 Agents balances representing business written prior to October 1 1913 38520 i 940 171 82 41 Total admitted assets a VLiabilities 2 Gross claims for losses in process of adjustment or in sus pense plus 1513500 reserve for losses incurred prior to December 31 of which no notice had been received on that date 57 3 Gross claims for losses resisted 587485 00 4 Total v 5 Deduct insurance due or accrued 0111 6 Net amount of unpaid losses and claims 326372 54 8 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired inland navigation risks 33 56842 unearned premiums 50 per cent 1678419 Gross premiums less reinsurance cash and bills received and receivable upon all un expired inland navigation risks 370 23814 unearned premiums pro rata 160427 87 9 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 3029392 unearned premiums 100 per cent 30293 92 Gross premiums less reinsurance cash and bills received and receivable upon all unexpired marine risks 40454187 unearned premiums 50 per cent 202270 87 10 Total unearned premiums as computed above 409776 851082 ComptrollerGenerals Report 17 Salaries rents expenses bills accounts fees etc due or accrued 1000 00 18 Estimated amount hereafter payable for federal state and other taxes based upon the business of the year of this statement 20000 00 26 Total amount of all liabilities except capital 757149 39 27 Original deposit actually paid up in cash 100000 00 28 Surplus over all liabilities 385022 43 29 Surplus as regards policyholders 485022 43 30 Total liabilities 1242171 82 NoteWe beg to call your attention to the fact that un der the policy of United States Lloyds the liability of each subscriber is unlimited for each his proportion of every risk written making in addition to the original deposits and undivided profits an enormous protection for the policyholder and far in excess of that afforded by a stock company VIEisks and Premiums 1 In force on the 31st day of December as per line 6 under this heading in last years statement 71881381 00 1486565 99 2 Written or renewed during the year 527245648 00 2976255 66 4 Total 599127029 00 4462821 65 5 Deduct those expired and marked off as terminated 533502295 00 3257999 31 i In force at the end of the year 65624734 00 1204822 34 7 Deduct amount reinsured 27313387 00 416179 99 8 Net amount in force 38311347 00 788642 35 Business in The State of Georgia During The Year 27 Gross risks written 4059724 00 Less 24695 risks cancelled and 3146009 reinsurance in companies authorized in Georgia 3 170 704 00 Net risks written 889020 00 28 Gross premiums on risks written 19 817 23 Less 132077 return premiums and 1305280 premiums for reinsurance in companies authorized in Georgia 14 373 57ComptrollerGenerals Report Net premiums received 29 Losses paid deducting salvage Less losses on risks reinsured in companies authorized in Georgia Net losses paid 30 Losses incurred Less losses on risks reinsured in companies authorized in Georgia Net losses incurred 1083 5443 66 10437 55 590 40 9847 15 6596 90 492 29 6104 61TABLE No 1 Showing Business Done in the State of Georgia by Fire Insurance Companies for the year ending Dee 31st 1913 NAME OF COMPANY STATE Aachen and Munich Firen Y Act na Fire Insurance CoConn Agricultural Insurance CoN Y Alliance Insurance CoPa American Central FireMo American DruggistsOhio American Insurance CoN J Atlanta Home FireGa Atlantic National FireGa Atlas Assurance Co LtdN Y Boston Insurance CoMass British America Assurance CoCanada Caledonian Insurance CoN Y Camden Fire Insurance CoN J Citizens Fire Insurance CoMd Citizens Insurance Co Mo City of New York FireN Y Columbia Fire Insurance CoGa Commercial FireD C Commercial Union Assurance Co Ltd Commonwealth Insurance Co Coneordia Fire Connecticut Fire Continental Fire Insurance Co Dixie Fire Equitable Fire and Marine Equitable Insurance Co Fidelity Phoenix Fire Fire Association of Philadelphia N Y N Y Wis Conn N Y N C R I S C N Y Pa Risks Written During Year 1 vtal Premiums 2555058 18707843 2554600 908785 4481855 90350 2523404 3900833 3553083 4571772 130760 1543752 984108 1985752 6428026 2943341 1403501 4007642 Dec794900 9067253 880385 621901 2364671 11705011 1317736 364133 1173980 6675586 5822590 Dec 32442 308463 26853 14491 68056 1379 37274 66975 61781 66820 2252 24020 15516 20905 84826 49830 24760 78479 11217 128473 9467 8048 36771 170919 23325 4909 23141 98196 91121 Losses Paid 18647 177564 15328 12011 42165 Losses Incurred 10727 36211 36431 31570 669 18643 11282 9578 13418 52738 7712 45460 12455 102998 1082 18 12253 66905 12003 2367 20969 52910 51446 17431 190621 17723 13842 49697 15191 39008 39063 38695 850 19238 12301 9604 15223 39634 10565 47785 14406 111546 3304 1218 11390 76519 11502 5859 18114 53533 53053 O 00 o o s H n o C M W I Q fed Ed I OMass Ga Ga N Y N Y N Y Pa N Y Firemans Fund Insurance CoCal Firemans Insurance CoN J First National Fire D C Franklin Fire Fitchburg Mutual Georgia Fire Georgia Home German Alliance German American Germania Fire Girard Fire and Marine Glenns Falls Insurance Co Globe and Rutgers FireN Y Great Southern Fireyu N Y N Y Conn N Y Pa Pa N Y N Y N Y Conn N Y Ohio Mass N Y Mass R I Wis R I Conn Pa N J N J HamburgBremen Hanover Fire Hartford Fire Home Fire Insurance Co Insurance Co of N A Insurance Co of State of Penn Liverpool and London and Globe Ltd England Liverpool and London and Globe N Y London Assurance Corporation London and Lancashire Fire Lumber Insurance Co Lumbermens Mutual Fire Lumber Mutual Fire Lumber Underwriters Mass Fire and Marine Mercantile Mutual Fire Milwaukee Mechanics Fire National Fire of Paris France National Fire National Union Newark Fire New Brunswick Fire 5271506 1895600 2746100 1007624 166450 7518571 4356823 2096304 6012967 4526387 1893441 1916098 2536475 750 2923123 1993063 23209127 18815383 6043974 1820625 16185085 795012 1361590 4312124 281479 237731 296224 280177 885393 914620 2687222 262021 14004456 3931129 700610 1618135 85183 28043 38720 18614 3250 124955 76259 35142 153774 72125 34888 33510 46697 23 48527 34471 375726 266112 85124 26406 262653 12153 22464 55497 6400 8118 10254 7091 13870 7587 42175 2222 123903 52894 11280 32131 47021 5337 15233 7356 1374 68364 21272 23446 101991 33572 18375 18405 9926 2416 29169 25176 281506 212968 47525 13906 176668 3525 13017 11771 4222 2143j 2198 2905 7700 282 17523 851 61511 38935 2428 8414 49873 5600 16230 7985 1374 71275 26940 26239 104233 50595 19522 17861 10616 3656 29549 27315 274025 234104 50985 15380 191393 3477 13339 15629 3983 2143 2148 2906 5856 1291 15524 862 63930 54908 2457 10512 Q o s H Ed o w Q SI i tel P o 13 O 00TABLE No 1Continued Showing Business Done in the State of Georgia by Fire Insurance Companies for the year ending Dec 31st 1913 NAME OF COMPANY New Hampshire Fire Niagara Fire NordDeutche Fire North British and Mercantile STATE Northern Insurance Co North River Insurance Co Norwich Union Orient Fire Pacific Fire Palatine Insurance Co Penna Fire Penna Lumbermens Mutual Fire Penna Millers Mutual Fire Peoples National Fire Phenix Fire of Paris France Phoenix Assurance Corporation Phoenix Fire Insurance Co ProvidenceWashington Fire Queen Insurance of America Rhode Island Fire Insurance Co Royal Exchange Assurance Royal Fire Insurance Co Saint Paul Fire and Marine Savannah Fire Scottish Union and National Security Fire Southern Mutual Fire Springfield Fire and Marine N H N Y N Y N Y Northern Assurance Co IN Y n y N Y N Y Conn N Y N Y Pa Pa Pa Pa RI N Y Conn R I N Y R I N Y N Y Minn Ga Conn Conn Ga Mass Risks Written During Year Total Premiums Losses Paid 2983280 31591 2389899 37997 1116345 22708 8946928 90034 4526606 61316 437071 6440 1827694 30426 2437428 28778 1817905 27026 139607 2126 2406178 39984 3889635 73536 258070 5757 38400 1324 938973 14679 236014 1887 4129083 51779 7172891 101559 2500971 30857 7991555 141691 603816 7495 1348267 27434 7569564 106189 2436376 39396 647763 10396 3832069 49982 3271351 39560 41196309 383147 5455578 89779 Losses Incurred 11385 24016 3687 38093 22959 2737 28509 13434 9298 19041 40630 2184 414 4657 822 14357 64100 8740 75708 1350 18993 70840 23690 4638 25395 28768 83952 63054 17608 27922 3996 39290 24203 3737 31125 12685 11369 722 20154 41917 2134 414 5507 829 15276 62324 8445 75955 1391 21803 73195 22031 5146 36746 21953 85999 66797 O 00 OS O o s H w o t1 g w Q W P W o 13Standard FireConn Sun Insurance OfficeN Y Svea Fire and Life and Insurance CoN Y Union Fire of Paris FrancejR I United Firemans FirePa United States FireN Y West Chester FireN Y Western Assurance CoCanada Williamsburg City FireN Y Yorkshire Insurance CoNY Total 1104996 2409873 1237769 279926 774330 916707 2941988 2067474 1706897 801640 9723 57915 17039 2926 13918 14886 36308 32714 27576 10327 407 48317 9112 844 1805 12875 23888 15849 25565 1622 385257382 5607213 3060026 3917 45322 11248 893 2696 14626 27549 16237 34055 1745 3270841 O 00TABLE No 2 Showing Business Done in the State of Georgia by Marine and Inland Insurance Companies for the Year Ending Dec 31st 1913 O 00 00 Q o g H ta o tr1 H to ta tJ W O w NAME OF COMPANY STATE Risks Written during Year Total Premiums Losses Paid Losses Incurred Aetna Insurance CoConn Boston Insurance CoMass Commercial Union Assurance Co LtdN Y Continental Insurance CoN Y Firemans Fund Insurance CoCalif Home Insurance CoN Y Hartford FireConn Insurance Co of North AmericaPa London Assurance CorporationN Y Mass Fire and MarineMass Phoenix Assurance CorporationN Y ProvidenceWashington Insurance CoR I Royal Exchange AssuranceN Y Royal Fire Insurance CoNY Saint Paul Fire and Marine Insurance CoMinn Thames and Mersey Marine Insurance CoN Y Union Marine Insurance CoN Y United States LloydsNY Western Assurance CoCanada 5723459 456812 30520621 1250 333266 725400 640572 35673882 730279 150 111555 943131 192928 244110 3920842 4696923 433517 889020 493746 56576 8786 149715 17 18026 1583 10177 264047 3502 4 2492 13701 2583 3822 26539 34239 10326 5443 2492 8387 8713 28517 8387 8598 28517 4850 1572 6814 84858 1597 4850 6966 99158 1597 Neg 1364 8414 881 vS92 9168 15238 10480 9847 Neg 3724 13853 858 892 9725 17228 10480 6105 86731463 614070 199808 219154TABLE No 3 Showing Business Done by Life Insurance Companies During the Year Ending Deo 31 1913TABLE No 3 Showing Business Done by Life Insurance Companies During the Year Ending Deo 31 1913 NAME OF COMPANY Aetna Life American Central American National Atlantic Life Bankers Reserve Cherokee Life Citizens National Columbia Life Columbian National Commercial Life and Casualty Connecticut Mutual Cosmopolitan Life Empire Life Equitable Life Fidelity Mutual Franklin Life Germania Life Home Life Illinois Life Indiana National International Life InterSouthern Life Jefferson Standard Life Insurance Co of Va Manhattan Life Maryland Life Mass Mutual State Conn Ind TexEst Va Neb Ga Ky Ohio Mass Ga Conn Ga Ga N Y Pa 111 N Y N Y 111 Ind Mo Ky N C Va Ord N Y Md Mass New Busi ness Writ ten during Year 1660360 18510 2314791 14000 163191 43000 050500 513650 983113 826323 734324 409750 752019 945305 738593 840902 235790 222525 1003020 246500 236043 1610483 911134 515394 381662 1947443 1237200 Cancelled during Year Total Ins in Force 1093298 14000 1718390 148000 46500 110000 1253000 31500 686854 505665 314891 1345888 4782610 1225545 509029 549330 134081 145947 1102285 87000 470155 384936 1033176 233000 388406 176121 452226 8574645 26700 7199718 413786 216216 105000 4707050 533650 2723385 1899013 2786383 704438 14339159 14108270 4162389 3176580 1461764 1915985 3376302 318500 1230794 1789006 3795057 1347353 2962318 2794263 10624908 Premiums Losses Incurred 254631 990 561014 13329 6938 104781 105268 8790 82539 57839 87528 20377 505536 460411 149652 62102 48737 61343 85650 9194 40751 19468 127734 36663 82767 80965 375088 Losses Paid 177384 7900 1000 19884 11042 3000 56328 6000 118500 238663 47855 20235 19788 16062 31485 2000 10000 10000 39123 10000 35438 19285 41500 170384 5500 1000 19884 Losses Unpaid 21042 500 55922 6000 130927 274970 47361 17235 15788 16062 32511 1000 14000 15000 37205 10500 37088 12685 470721 14582 4400 5000 3500 17790 18489 15535 3000 5245 4000 1000 7063 1000 5000 500 2000 7043 O o H W O P t1 fed W Q ts fed p fed o H HMeridian Life Metropolitan Life Michigan MutualMich Missouri State LifeMo Mutual BenefitN J Mutual LifeNY National Life of U S AHI National LifeVt New England MutualMass New York Life Insurance CoNY North American111 North Western Mutual LifeWis Pacific MutualGal PanAmerican LifeLa Prudential Insurance CoNJ J Penn Mutual LifePa Philadelphia LifePa Phoenix Mutual LifeConn Pittsburg Life and Trust CoPa Reserve Loan Lifelid Pa Ga NY Tenn Ala W Va Ind Mass Ga Conn Ohio 111 Tenn Ind 1541537 NYOrd3217547 517266 832181 2760216 3473431 504581 1842027 1100670 3581 23044 2162300 153453 359494 rd1635050 4533039 737142 1632293 507930 291931 1115141 2396589 382331 1209688 536796 2343698 Reliance Life Standard Life Ord Ind Security Mutual Life Southern Insurance Co Southern States Life Insurance Southern States Mutual Life W Va StateLife State Mutual Life Assurance Co State Mutual Life Insurance Co Travelers Insurance Co Union Central Life U S Annuity Life Volunteer State Life 211146 253910 602000 498500 249750 353385 Total 2437296 93536 1019320 401717 489498 497927 3012997 317483 702070 1338933 204098 184882 1209382 1749739 2534 290487 440432 479210 28250 250279 1710462 147286 235528 2355649 319786 1424583 324370 586305 64895194 43377567 3399456 11588361 1895380 1215569 18230762 29344455 2069701 7695763 6162131 27734510 27988 23134983 1917571 452720 14788198 30605352 9500 2662223 1302708 1143100 2243819 221500 2202207 81500 9417186 423283 6869433 2017554 7724304 5062951 17197079 481657 2437519 339053055 76501 349888 55120 43079 579173 1002799 96164 218528 193064 906842 1099 707154 58882 10554 419345 1003655 1822 81960 34575 40842 74784 4211 70789 3615 331289 12523 155555 69086 250026 143393 520126 12327 66079 15000 71205 24570 10183 164037 576141 31812 57007 61546 362847 15000 75705 24570 11169 180537 550924 30770 62000 61071 403298 2000 7500 223689 28376 7000 148785 304240 217459 28376 7000 152312 290638 59214 10215 1000 15544 30266 46722 2000 31879 16558 39500 88266 133674 5000 14080 48100 12215 1000 35922 45722 2000 11044844 3522828 15558 40000 92425 138674 5000 15088 14 37925 2042 6007 475 21922 3552169 10218 5500 23602 11114 100 257 I601 1000 6000 1000 3500 1000 257924 a o K Ed O I I o 13 OTABLE No 3Continued Showing Business Done by Industrial Life Insurance Companies During the Year Ending Dec 31 1913 NAME OF COMPANY State New Business Written during Year Cancelled during Year Total Ins in Force Premiums Losses Incurred Losses Paid Losses Unpaid American National Insurance Co Life Insurance Co of Va Texas Va N Y Tenn Not stated 3144525 4684822 439118 Not stated 2174161 3312584 293969 Not stated 5134047 22617679 322387 77362 207074 756984 43798 47442 49818 262881 14013 47442 50875 263691 13985 314 2464 81 Metropolitan Life National Life and Accident Co Totals 8268465 606326 5780714 113073 28074113 493253 1085218 2006 374154 244 375993 244 2859 Standard Life Ga Totals 8874791 5893787 28567366 1087224 374398 376237 2859 o CO to a o s H g M W Q M H B W H hi o HTABLE No 4 Showing Business Done in the State of Georgia by Miscellaneous Insurance Companies During the Year Ending Dec 31 1913TABLE No 4 Showing Business Done in the State of Georgia by Miscellaneous Insurance Companies during the Year Ending Dec 31 1913 NAME OF COMPANY State Health Accident Liability Fidelity Surety Plate Glass Steam Boiler Fly Wheel Prems Losses Prems Losses Prems Losses Prems Losses Prems Losses Prems Losses Aetna Ace Liability Conn Conn Mass Penna In y Mo Texas N Y Mass Ind Mass Mo Mich N Y Md N Y Penna Ga N Y N Y Conn Ala Tenn N Y N Y 111 Mass 28036 12617 78S 44 2851 1026 380 Aetna Life Ace Dept 56547 26154 American Bonding Ins 4222 American Casualty 5606 3007 2486 1099 1940 1526 Amer Crdt Indemnity American Life Accident 7683 10700 4019 3907 American National American Surety 18816 476 15736 1916 Columbian National Life 13502 69022 2411 8498 32197 1022 Continental Casualty Employers Liability 15136 16317 2091 21256 549 29 Equitable Surety 1436 8 Federal Casualty 4833 70985 5415 460 42323 34883 18 15187 2008 50827 2456 26 34265 31110 62 1634 Fidelity Casualty 13770 12021 1251 7270 33528 2433 6057 2918 266 8061 16594 1649 4475 724 1924 170 8717 808 Fidelity Deposit 2453021037 20591 19633 Frankfort General General Accident Georgia Life 1528 36 2404 4055 113 1806 2129 1036 Globe Indemnity Great Eastern Casualty Hartford Steam Boiler 22961 837 Interstate Casualty 3610 34949 1375 18148 7529 2475 27 270 136 152 Interstate Life Accident Lloyds Plate Glass 1192 594 London Lancashire 130 3492 1806 London Guar Accident 2876 1205 14345 7714 126 Loyal Protective o to O o K D H W O b si w I Q g w o faMaryland CasualtyMd Masonic Mutual AccidentMass Masonic Protective AssnMass Mass Bonding Insurance Mass Metropolitan CasualtyNY National CasualtyMich National SuretyNY New England CasualtyMass New York Plate GlassIN Y North American Accident111 Ocean Accident GuarN Y Pacific Mutual LifeCal Preferred AccidentN Y Provident Life AccidentTenn Reliance LifePenna Ridgley ProtectiveMass Royal CasualtyMo Roval IndemnityN Y Standard AccidentMich Travelers IndemnityConn Travelers Insurance CoConn United States CasualtyN Y United States Fid Guar Md United States Health Acc Mich Total 36105 5229 14130 2650 7601 6194 175761 77086 423891 3638 6 4347 2935 7949 9841 2101 3103 9339 6839 20371 5414 39138 7879 7618 2680 10950 8823 16878 30814 418 78954 17719 19358 9100 988 948i 1025 20707 29541 4023 548 7781 2650 5922 16176 45 37546 7942 7572 6378 4579 26374 2725 145 73S388 391155 261 36076 2892 11234 12 503 4588 14532 13626 793 22328 9533 1009 90918 34919 41497 12638 11631 37516 20551 10 5692 562 4481 6774 8899 59921 2733 1251 1798 84 24026184 455537 9606 2505879738941499 3840 2859 623 842 719 531 1368 9094 127 1000 206 82 558 2412 41893 11953457544 10793 13 4471 292 1237 1860 1934 1811 1115 356361531046758 1937 O o g H St o B m Q ts a B d o H H OTABLE No 4Continued M Showing Business Done in the State of Georgia by Miscellaneous Insurance Companies during the Year Ending Dec 31st 1913 C5 NAME OF COMPANY State Burg Theft Credit Auto Teams Workmans Collective All Others Totals Prems Losses Prems Losses Prems Losses Prems Losses Prems Losses Aetna Ace Liability Conn Conn Mass Penna N Y Mo Texas N Y Mass Ind Mass Mo Mich N Y Md N Y Penna Ga N Y N Y Conn Ala Tenn NT Y N Y 111 Mass 1554 1473 20398 13138 240 10C 29032 84585 15136 38771 4324 5911 5596 4019 Aetna Life Ace Dept American Bonding 75 10708 102 16 5596 American Casualty 54C 263 10647 10708 7683 10700 34551 13502 69022 19706 3527 4833 103556 66236 1851 62042 83554 2686 15289 22961 13093 34949 1192 130 20334 1806 American Credit Indemnity American Life Accident American National American Surety 3907 Columbian National Life 1440 8498 32197 16876 8 2008 61062 46537 293 42742 58179 1746 1634 837 5015 1148 594 Continental Casualty Employers Liability 345 1 1265 766 Equitable Surety Federal Casualty Fidelity Casualty 5019 1572 41 265 1338 16 102 1334 240 2047 591 1383 99 2185 5877 107 112 85 Fidelity Deposit Frankfort General General Accident 416 3168 35 Georgia Life 216 14 Globe Indemnity Great Eastern Casualty Hartford Steam Boiler Interstate Casualty 88 1488 1013 Interstate Life Accident London Lancashire London Guar Accident 978 32 1546 880 154 14 502 Loyal Protective LiveStkSpkr 1205 a o g H W o g g td t Q W P W H d o W HMaryland Casualty Masonic Mutual Accident Masonic Protective Assn Mass Bonding Insurance Metropolitan Casualty National Casualty National Surety New England Casualty New York Plate Glass North American Accident Ocean Accident Guar Pacific Mutual Life Preferred Accident Provident Life Accident Reliance Life Ridgley Protective Md Mass Mass Mass N Y Mich N Y Mass N Y 111 N Y Cal N Y Tenn Penna Mass Royal CasualtyMo Royal Indemnity Standard Accident Travelers Indemnity Travelers Insurance Co United States Casualty U S Fid Casualty U S Health Accident N Y Mich Conn Conn N Y Md Mich Total 5548 422 2019 1166 12614 379 1500 65 282 20 18158 1920 562 4723 51455 33 8151 3386 32 569 1287 27 29 221 200 38 13007 726 452 394 32469 6549 1801 12194 545 6357 2570 1216 3604 94 1953 27 2120 9794 198 605 557 1902 729651 32977 55 198 181 2356 16723 660 12625 5188 100 152280 5229 14130 31118 9399 6194 26879 17032 2859 20371 60307 39138 8609 7618 2680 10950 8823 57995 42148 15430 170476 56090 146383 9100 1649412 a 70844 2908 7949 11920 2820 3103 13769 1829 1368 9481 g 66264 HJ 20707 g 3682 o 4023 548 g 7781 W 2650 28187 29023 3649 75260 29222 44773 6378 Q W 819332 o 1TABLE No 5 Showing Business Done in the State of Georgia by Assessment Insurance Companies during the Year Ending Dec 31st 1913 NAME OF COMPANY Location ASSESSMENT FIRE COMPANIES Farmers Cooperative Fire Farmers Mutual Fire Farmers Mutual Insurance AssnjOakman Farmers Protective Fire Free State Cooperative Fire German Mutual Fire Jackson Ga Dawson Ga Ga Lithonia Ga Danielsville Ga Savannah Ga Gordon Co Mutual Fire and Storm fvihniiTi Ga South Ga Farmers Fire Sunlight Insurance Co ASSESSMENT LIFE COMPANIES ORDINARY Merchants Life Assn National Life Assn N C Mutual and Prov INDUSTRIAL American Insurance Co Atlanta Mutual Bankers Health and Life Continental Aid Assn Georgia Mutual Ind Life and Health Guar Mutual Life and Health Industrial Life and Health Mutual Benefit Industrial Life Pilgrim Health and Life Union Mutual Assn U S Health and Life Thomasville Ga Atlanta Ga Risks Written during Year Total Premiums Total Burlington Iowa Total 42000 381500 436529 860029 Savannah Ga Atlanta Ga Macon Ga Atlanta Ga Augusta Ga Savannah Ga Atlanta Ga Savannah Ga Augusta Ga Atlanta Ga Atlanta Ga Total Losses Paid 16717 8205 5418 3041 507 16007 8189 2341 25107 85532 1521 M 57438 60948 51067 127655 187276 107469 130426 72362 442188 129279 261276 205490 70419 1784907 14078 6585 2170 1835 191 8742 2058 2391 38050 2000 27961 29961 19997 48002 71097 44917 46571 29882 184799 51779 105739 89648 27718 O 00 Q o s H W O t1 w I Q H a B hi o w 3 720149INDEX FIRE COMPANIES A AACHENMUNICH FIREUS BRANCH Statement of iETNA EIRE INS CO HARTEORD CONN j Statement of AGRICULTURAL FIRE INS CO WATERTOWN N Y Statement of ALLIANCE INS CO PHILADELPHIA PA Statement of AMERICAN CENTRAL STOCK FTRE MO Statement of AFRICAN DRUGGISTS STOCK FIRE INS CO OHIO Statement of AMERICAN INS CO NEWARK N J Statement of ATLANTA HOME INS CO ATLANTA Statement of ATLANTIC NATIONAL FIRE INS CO Statement of ALLIANCE ASSURANCE CO Ltd Statement of B BOSTON STOCK EIRE INS CO MASS Statement of BRITISH AMERICA ASSURANCE CO CANADA Statement of C CALEDONIAN FIRE INS CO N Y Statement of 1100 ComptbollerGeneeal s Report CAMDEN FIRE INS ASSOCIATION N J Statement of gg CITIZENS FIRE INS CO MD Statement of gg CITIZENS INSURANCE CO MO Statement of g2 CITY OF NEW YORK INS CO N Y Statement of ty COLUMBIA FIRE INS CO GA Statement of COMMERCIAL FIRE INS CO LIST OF COLUMBIA Statement of va COMMERCIAL UNION ASSURANCE CO Ltd ENG Statement of rg COMMONWEALTH INS CO N Y Statement of 03 CONCORDIA FIRE INS CO WISCONSIN Statement of 07 CONNECTICUT FIRE INS CO CONN Statement of 09 CONTINENTAL INS CO N Y Statement of qc D DIXIE FIRE INS CO N C Statement of 101 E EQUITABLE FIRE MARINE INS CO R I Statement of EQUITABLE FIRE INS CO S C Statement of 11 F FIDELITY PHENIX FIRE INS CO N Y Statement of FIRE ASSOCIATION OF PHILADELPHIA PA Statement of r FIREMANS FUND INS CO Statement of 2ComptrollerGenerals Report HOI FIREMENS PIKE INS CO N Y Statement of FIRST NATIONAL FIRE INS CO U S D C Statement of FITCHBURG FIRE INS CO Statement of FRANKLIN FIRE INS CO PA Statement of G GEORGIA FIRE INS CO GA Statement of GEORGIA HOME FIRE INS CO Statement of GERMAN ALLIANCE INS CO N Y Statement of GERMAN AMERICAN INS CO Statement of GERMANIA FIRE INS CO N Y Statement of GIRARD FIRE MARINE INS CO Statement of GLENS FALLS INS CO N Y i72 Statement of GLOBE AND RUTGERS FIRE INS CO N Y Statement of GREAT SOUTHERN FIRE INS CO KY Statement of H HAMBURG BREMEN FIRE INS CO GERMANY Statement of HANOVER FIRE INS CO N Y Statement of HARTFORD FIRE INS CO CONN Statement of HOME INSURANCE CO N Y Statement of1102 CompxeollebGeneeals Repobt I INSURANCE CO NORTH AMERICA PA Statement of 2f9 INSURANCE CO STATE OE PA PA Statement of 9f7 L LIVERPOOL LONDON GLOBE INS CO ENG Statement of 9 LIVERPOOL LONDON GLOBE INS CO N Y Statement of 01 uYi LONDON ASSURANCE COR ENG Statement of LONDON LANCASHIRE FIRE INS CO ENG Statement of on 660 LUMBER INS CO N Y Statement of LUMBER FIRE INS CO MASS Statement of LUMBER UNDERWRITERS OF N Y Statement of 97 LUMBERMENS MUTUAL FIRE OH re statement of 240 M MASSACHUSETTS FIEE AND MARINE MASS Statement of 244 MERCANTILE MUTUAL FIRE R I Statement of 248 MERCANTILE MECHANICS INS CO WIS Statement of M N NATIONAL BEN FRANKLIN FIRE INS CO Statement of NATIONAL FOREIGN FIRE Statement of oq NATIONAL FIRE INS CO CONN Statement of ComptrollerGenerals Report U03 NATIONAL UNION FIRE INS CO m Statement of NEWARK STOCK EIRE INS CO m Statement of NEW BRUNSWICK FIRE INS CO Statement of NEW HAMPSHIRE FIRE INS CO 27j Statement of NIAGARA FIRE INS CO 2g4 Statement of NORDDEUTSCHE INS CO 2g8 Statement of NORTH BRITISH AND MERCANTILE FIRE INS 00 U S Statement of NORTHERN INS CO Ltd m Statement of NORTHERN INS CO N Y 300 Statement of NORTH RIVER INS CO 304 Statement of NORTH WESTERN NATIONAL FIRE INS CO Statement of NORWICH UNION FIRE SOCIETY ENGLAND Statement of O ORIENT INS CO HARTFORD CONN Statement of P PACIFIC FIRE INS CO N Y 320 Statement of PALATINE INS GO Ltd ENGLAND Statement of PENNSYLVANIA FIRE INS CO m Statement of PENNSYLVANIA LUMBERMENS FIRE Statement of1104 ComptrollerGenerals Report PENNSYLVANIA MILLEES EIRE INS CO Statement of PEOPLES NATIONAL EIRE INS CO Statement of S3b PHENIX FIRE INS CO Statement of PHOENIX ASSURANCE Ltd ENGLAND Statement of 344 PHOENIX EIRE INS CO Statement of 348 PEOVIDENCEWASHINGTON FIBE Statement of 352 Q QUEEN INS CO OF AMERICA Statement of 356 E RHODE ISLAND INS CO Statement of 361 BOYAL EXCHANGE ASSURANCE ENGLAND Statement of 365 ROYAL INS CO Ltd ENGLAND Statement of 368 S ST PAUL FIRE MARINE INS CO Statement of 373 SAVANNAH FIRE INS CO GA Statement of 378 SCOTTISH UNION NATIONAL INS CO Statement of 382 SECURITY INS CO CONN Statement of 386 SOUTHERN MUTUAL FIRE Statement of 390 SOUTHERN UNDERWRITERS STOCK FIRE Statement of 393 ComptrollerGenerals Report 1105 SPRINGFIELD FIRE AND MARINE Statement of STANDARD FIRE INS CO 4Q0 Statement of SUN INS CO ENGIT S BRANCH Statement of SVEA FIRE AND LIFE Ltd SWEDEN Statement of U UNION FIRE INS CO FRANCE Statement of UNITED STATES FIREMENS FIRE Statement of UNITED STATES FIRE INS CO g Statement ofV W WESTCHESTER FIRE INS CO Statement of WESTERN ASSURANCE CO CANADA 420 Statement of WILLIAMSBURG CITY FIRE INS CO Statement of Y YORKSHIRE INS CO Ltd ENGLAND U S BRANCH Statement of LIFE COMPANIES A iETNA LIFE INS CO CONN Statement of AMERICAN CENTRAL LIFE Statement of j 449 AMERICAN NATIONAL INS CO Statement of V 4551106 ComptbollebGenebals Eepobt atlantic life ins co Statement of 4 B BANKERS RESERVE LIFE CO Statement of 4gg C CHEROKEE LIFE INS CO Statement of 47 CITIZENS NATIONAL LIFE INS CO KY Statement of 475 COLUMBIA LIFE INS CO Statement of 4gl COLUMBIAN NATIONAL LIFE MASS Statement of 4q COMMERCIAL LIFE CASUALTY CO Statement of 4g2 CONNECTICUT MUTUAL LIFE CONN Statement of 4qq COSMOPOLITAN LIFE GA Statement of 502 E EMPIRE LIFE INS CO Statement of 50 EQUITABLE LIFE ASSURANCE SOCIETY Statement of 513 F FEDERAL LIFE INS CO Statement of 521 FIDELITY MUTUAL LIFE INS CO Statement of 507 FRANKLIN LIFE INS CO Statement of 533 O GERMANIA LIFE INS CO Statement of gonComptrollerGenerals Report UW H HOME LIFE INS CO 546 Statement of I INDEPENDENT LIFE INS CO TENN Statement of ILLINOIS LIFE INS CO 5g Statement of INDIANA NATIONAL LIFE g63 Statement of INTERNATIONAL LIFE INS CO 567 Statement of INTERSOUTHEKN LIFE INS CO Statement of J JEFFERSON STANDARD LIFE INS CO Statement of L LIFE INS CO OF VIRGINIA 584 Statement of M MANHATTAN LIFE INS CO g9Q Statement of MARYLAND LIFE INS CO 5g7 Statement of MASSACHUSETTS MUTUAL LIFE INS CO Statement of MERIDIAN LIFE INS CO 610 Statement of METROPOLITAN LIFE INS CO 6lg Statement of MICHIGAN MUTUAL LIFE INS CO Statement of MISSOURI STATE LIFE INS CO 62g Statement of1108 ComptrollerGenerals Report mutual benefit life ins co Statement of gj5 MUTUAL LIFE INS CO Statement of 541 N NATIONAL LIFE ACCIDENT INS CO Statement of 549 NATIONAL LIFE INS CO Statement of 653 NATIONAL LIFE INS U S AMERICA Statement of 659 NEW ENGLAND MUTUAL LIFE Statement of 666 NEW YORK LIFE INS CO Statement of 671 NORTH AMERICAN LIFE INS CO Statement of 678 NORTH WESTERN MUTUAL LIFE Statement of 683 P PACIFIC MUTUAL LIFE Statement of 690 PANAMERICAN LIFE INS CO Statement of 697 PENN MUTUAL LIFE INS CO Statement of 702 PHILADELPHIA LIFE INS CO Statement of 709 PHOENIX MUTUAL LIFE INS CO Statement of 714 PITTSBURGH LIFE AND TRUST CO Statement of 720 PRUDENTIAL IXS CO OF AMERICA Statement of 726 R RELIANCE LIFE INS CO Statement of733ComptrollekGenebals Report 1109 RESERVE LOAN LIFE INS CO Statement of S SECURITY MUTUAL LIEE INS CO Statement of SOUTHERN INS CO 752 Statement of SOUTHERN LIFE AND TRUST CO Statement of SOUTHERN STATES LIFE INS CO Statement of SOUTHERN STATES MUTUAL LIFE Statement of STANDARD LIFE INS CO 77Q Statement of STATE LIFE INS CO 772 Statement of STATE MUTUAL ASSURANCE CO Statement of r STATE MUTUAL LIFE INS CO 7g Statement of T TRAVELERS INS CO LIFE DEPT Statement of U UNION CENTRAL LIFE INS CO 796 Statement of U S ANNUITY LIFE INS CO Statement of V VOLUNTEER STATE LIFE INS CO Statement of 1110 ComptrollerGenerals Keport ASSESSMENT COMPANIES A AMERICAN INSURANCE CO Statement of 813 ATLANTA MUTUAL LIFE ACCIDENT ASSOCIATION Statement of 815 B BANKERS HEALTH LIFE INS CO Statement of 817 C CONTINENTAL AID ASSOCIATION Statement of 819 F FARMERS COOPERATIVE ASSESSMENT FIRE Statement of 821 FARMERS MUTUAL ASSESSMENT FIRE Statement of 823 FARMERS PROTECTIVE FIRE INS CO Statement of 823 FREE STATE COOPERATIVE ASSESSMENT FIRE Statement of 05 G GERMAN MUTUAL FIRE INS CO Statement of g9g GEORGIA MUTUAL INSURANCE LIFEHEALTH Statement of 2 GLOBE FIRE INSURANCE CO Statement of g29 GORDON COUNTY MUTUAL FIRESTORM Statement of g3Q GUARANTEE FUND LIFE ASSOCIATION Statement of 001 GUARANTY MUTUAL LIFEHEALTH Statement of 034ComptrollerGenerals Report 11U i INDUSTRIAL LIFE HEALTH CO g3g Statement of M MUTUAL LIFE ASSOCIATION CO g39 Statement of MUTUAL BENEFIT INDUSTRIAL ASSOCIATION Statement of N NATIONAL CASUALTY CO 994 Statement of NATIONAL LIFE ASSOCIATION g44 Statement of N C MUTUAL PROVIDENT ASSOCIATION Statement of P PILGRIM HEALTH LIFE CO g4g Statement of S SOUTH GEORGIA FARMERS ASSESSMENT FIRE Statement of SUNLIGHT INSURANCE CO g5i Statement of U UNION MUTUAL ASSOCIATION g53 Statement of IT S HEALTH LIFE CO g55 Statement of MISCELLANEOUS COMPANIES A ETNA ACCIDENT LIABILITY CO ooo Statement ot AMERICAN BONDING CO MD Statement of 1112 ComptrollerGenerals Report AMERICAN CASUALTY CO PA Statement of g87 AMERICAN CREDIT INDEMNITY CO N Y Statement of 871 AMERICAN LIFE ACCIDENT CO Statement of 874 AMERICAN NATIONAL INSURANCE CO Statement of 877 AMERICAN SURETY CO N Y Statement of 879 0 COLUMBIA INSURANCE CO Statement of 884 COLUMBIAN NATIONAL LIFE CO MASS Statement of 887 CONTINENTAL CASUALTY CO Statement of 889 E EMPLOYEES LIABILITY ASSURANCE CORP Statement of 893 EQUITABLE SURETY CO Statement of 898 F FEDERAL CASUALTY CO Statement of 902 FEDERAL LIFE INS CO Statement of 904 FIDELITYCASUALTY CO N Y Statement of 907 FIDELITYDEPOSIT CO MD Statement of 95 FRANKFORT GENERAL INS CO N Y Statement of i a GENERAL ACCIDENT FIRE LIFE ASSN CORP Statement of gg CIOORGIA LIFE INS CO GA Statement of 932 GLOBE INDEMNITY CO Statement of 937 I UK AT EASTERN CASUALTY CO Statement of 943CompteollebGenebals Eepoet 1113 H HARTFORD STEAM BOILBE INSPECTIONINS CO iStatement of I INTERSTATE CASUALTY CO 9gl Statement of KENTUCKY LIVE STOCK INS CO 9g5 Statement of L LLOYDS PLATE GLASS INS CO 958 Statement of LONDONLANCASHIRE GEN ACCIDENT CO Statement of LONDON GUARANTEE ACCIDENT CO Statement of LOYAL PROTECTIVE INS CO gn Statement of M MARYLAND CASUALTY CO 974 Statement of MASONIC MUTUAL ACCIDENT CO jgo Statement of MASONIC PBOTECTIVE ASSOCIATION Statement of MASSACHUSETTS BONDING INS CO Statement of METROPOLITAN CASUALTY CO y90 Statement of N NATIONAL SURETY COMPANY Statement of NEW ENGLAND CASUALTY COMPANY Statement of NEW YORK PLATE GLASS INS CO Statement of NORTH AMERICAN ACCOUNT INS CO Statement of O OCEAN ACCIDENT GUARANTEE CORP Statement of 1114 ComptrollerGenerals Report p pacific mutual lifeaccident dept Statement of 1020 PREFERRED ACCIDENT INS CO Statement of 1024 PROVIDENT LIFEACCIDENT INS CO TENN Statement of g9g R RELIANCE LIFE INS CO PA Statement of 1032 RIDGELY PROTECTIVE ASSOCIATION MASS Statement of 1034 ROYAL CASUALTY CO MO Statement of 1 n7 ROYAL INDEMNITY COMPANY Statement of 1 n4n S STANDARD ACCIDENT INS CO Statement of r SUBSCRIBERS U S LLOYD FIRE MARINE Statement of 07 T THAMESMERSEY MARINE INS CO Ltd Statement of inn TRAVELERS INDEMNITY CO CONN Statement of 105d TRAVELERS INSURANCE COMPANY Statement of n U UNITED STATES CASUALTY COMPANY Statement of 106 UNITED STATES FIDELITY GUARANTY CO Statement of U S HEALTH ACCIDENT INS CO Statement of 107o OA Al I 13 v 2 UNIVERSITY OF GEORGIA LIBRARIES 3 SIDfl OSM Efi3