Report of the Insurance Department of the Comptroller-General's Office for the Year Ending December 31, 1921

GrA
REPORT
OF THE
INSURANCE DEPARTMENT
OF THE
STATE OF GEORGIA
FOR THE
YEAR ENDING DECEMBER 31
1921
DiekersonWright Printing Co Atlanta

REPORT
OF THE
INSURANCE DEPARTMENT
OF THE
STATE OF GEORGIA
FwR THE
YEAR ENDING DECEMBER 31
1921
INSURANCE DEPARTMENT OF THE STATE OF
GEORGIA
Atlanta Georgia January 1 1922
To His Excellency
Thomas W Hardwick Governor
Sir
In compliance with the law of the State of Georgia I have
the honor to submit herewith the annual report of the In
surance Departmentfor the year ending December 31 1921
The report here given shows the results of the operations
of the several insurance companies associations and frater
nal societies for the year as well as their financial condition
at the close of the year In its preparation there has been no
attempt to follow the detailed information of former years
The business transactions have not been itemized as here
tofore but we believe that all important or vital data con
cewiing the business transacted and the financial condition
of the companies has been set forth clearly and in such a
way as to be more convenient of access than under the pre
vious method of reporting and equally informative
It is hoped that the change of form will prove acceptable
to all interested If upon consideration it is decided to print
the report in the tabulated form in which it is presented
there will be a very considerable saving to the State in the
item of printing expense from the cost of other years and
if among those persons or insurance companies finding use
for the volume there are some who need more detailed in
formation than is available within its pages this may be had
very quickly either by reference to the files of the Depart
ment or by inquiry through correspondence the Department
holding itself ready at all times to respond promptly to any
request for information

VOLUME OF BUSINESS
In previous reports attention has been called to the steady
and remarkable growth of the insurance business in Geor
gia in which the year 1920 stood out as showing the great
est gains of any one year in our history It was not to be
expected in view of unsettled business conditions in 1921
that this years volume of insurance could approach that of
1920 yet in the three larger insurance groups fire life and
casualty companies the two last named show only a slight
decrease in premium income and no worthwhile difference
in losses In the fire group however comprising fire ma
rine and inland insurance the Georgia premium income for
1921 is almost 3000000 less than in 1920 while the losses
have almost doubled the ratio of losses incurred on Georgia
business to the premium income reported by this group
being 10853 This ratio takes no account of general man
agement costs license fees and taxes imposed all of which
may be estimated as averaging about 50 of the amount
of premium income Hence if we add this proper and Nec
essary expense to the loss expense we realize that these
companies have borne a tremendous load in connection with
their 1921 Georgia business Never in the history of the
Department have the fire losses in this State been as heavy
as during 1921 and the report of the companies is to the
effect that never has the moral hazard in connection with
fire insurance risks appeared to be as great as during that
period How much of this may be due to business depres
sion it is of course impossible to tell but the fact remains
that an enormous amount of property has been destroyed
and the State and its honest citizens have suffered and are
suffering accordingly by reason of such great destruction
of capital It is a matter worthy of very serious considera
tion to see if out of such experience some means of pre
vention or the material lessening of such tremedous waste
in the future can be found and adoptedThe tables given below summarize the business of the
three larger groups of companies reporting to this Depart
ment and make comparison of volume of business over a
series of years No comparative tables have been made up
in connection with the smaller groups industrial life and
health assessment fire and fraternal societies but the
financial statements submitted by these organizations and
the examinations made by this Department show a steady
development where the companies are properly managed
and the volume of their business indicates the place they
have in the affairs of the publicMM

STATISTICAL REPORT
Showing Business Transacted by Insurance Companies Li
censed to Operate in the State of Georgia During the Year
Ending December 31 1921 Also Financial Condition of
Such Companies on December 31 1921 as Shown by Com
panies Reports on File with the Insurance Department of
the State of Georgia
COMPARATIVE TABLE OF PREMIUMS LOSSES AND
INSURANCE IN FORCE FOR THE YEARS STATED
BUSINESS IN GEORGIA
FIRE MARINE and INLAND and TORNADO
COMPANIES
Year Premiums Collected Losses Incu
1893 1691708 1043354
1903 3195426 1431333
1913 6326926 3215788
1914 5762395 3991983
1915 6301673 4216914
1916 7317288 6767414
1917 9070741 7227413
1918 11112442 3731860
1919 14104596 6157190
1920 15372301 7568350
1921 12507763 13567260
Losses Paid in 1921 12660933 LIFE INSURANCE COMPANIES
Year Premiums Collected Insurance in Force
1893 2375244 69931265
1903 5298816 142672751
1913 11440520 367623921
1914 10629693 330082717
1915 11641564 362516698
1916 12706449 389975294
1917 14376912 433099247
1918 15800455 483927361
1919 18132020 576684308
1920 22788735 699068059
1921 22643057 654139220
Claims Paid in 1921 7667647
MISCELLANEOUS COMPANIES
Year Premiums Collected Losses Paid
1903 122957 14333
1913 1653515 832971
1914 1639581 827347
1915 2430287 1517844
1916 1893341 832279
1917 3073238 971756
1918 3124705 1262424
1919 4914904 1867054
1920 4921820 2070874
1921 4877050 2373105
The foregoing do not include assessment industrial and
fraternal organizations 7
COMPANIES LICENSED
During the year 1921 classes and numbers of companies
licensed to transact business in the State of Georgia were as
follows
Fire Marine and Inland and Tornado149
Life Legal Reserve g3
Miscellaneous Casualty Surety etc 56
Assessment Life and Accident 2
Local Industrial Life Health and Accident 12
Local Assessment Fire 13
Fraternal Societies 35
Total 330
ADMISSIONS IN 1921
Fire and Marine Companies
Allemannia Fire Insurance Co Pittsburgh Pa
American Automobile Insurance Co St Louis Mo
Berkshire Mutual Pittsfield Mass
London Provincial Marine General New York N Y
Merchants Manufacturers Mutual Mansfield Ohio
Merrimack Mutual Andover Mass
National Mutual Celina Ohio
Netherlands Fire Life Holland Chicago 111
Northwestern Fire and Marine Minneapolis Minn
Ohio Hardware Mutual Coshocton Ohio
Reliance Insurance Co Philadelphia PaRetail Hardware Mutual Minneapolis Minn
Superior Fire Insurance Co Pittsburgh Pa
Texas State Mutual Dallas Texas
Washington Marine New York N Y
Life
Security Life Trust Co Greensboro N C
Southern Insurance Co Nashville Tenn
Miscellaneous
Manufacturers Liability Ins Co Jersey City N J
Union Indemnity Co New Orleans La
Utilities Mutual Insurance Co New York N Y
Zurich General Accident Liab Co Chicago 111
Withdrew without transacting business
Local Assessment Fire
American Liberty Cartersville Ga
WITHDRAWALS IN 1921
Local Industrial Life and Health
Brunswick Mutual Brunswick Ga Reinsured with
Chatham Mutual
Cherokee Life Rome Ga Reinsured with InterState
Life and Accident Co
9

Fraternals
Eminent Household of Columbian Woodmen Atlanta
Merged with Columbian Woodmen of Mississippi
EXAMINATION OF COMPANIES
In compliance with the laws of the State which provide
that the Insurance Commissioner shall within any fiveyear
period examine or cause to be examined the affairs of the
several insurance companies organized under the laws of
Georgia special examiners appointed by the Department
and reporting under oath to the Insurance Commissioner
the financial condition of the companies examined with rec
ommendations for consideration have examined and report
ed upon the following companies during the year 1921
Life
Industrial Life and Health Insurance Co Atlanta
Atlanta Mutual Insurance Co Atlanta
Fire
Georgia Home Insurance Co Columbus
Miscellaneous
Georgia Casualty Co Macon
FIRE INSPECTOR
Your attention has been called heretofore to the valuable
10and untiring work of the State Fire Inspector in connection
with the investigation of suspicious fires A comparative
statement covering the past seven years will serve to show
somewhat the scope of his work and its increasing impor
tance as well as its enlarged volume
1915 Suspicious fires101
1916 Suspicious fires 85
1917 Suspicious fires 43
1918 Suspicious fires 34
1919 Suspicious fires 32
1920 Suspicious fires 20
1921 Suspicious fires 63
According to the report of the Fire Inspector on file with
this department and briefly summarized herewith these
sixtythree fires investigated resulted in prosecutions with
the following results
31 indictments returned for arson
Convictions 6
Acquittals 9
Cases pending 16
Arrests made no indictments resulting 4
Warrants issued no apprehensions to date 2
Investigations now in hands of Grand Jury 1
Investigations where no cases were made25
Total investigations 63
Report of the State Fire Inspector follows
11Atlanta Ga January 1 1922
Hon William A Wright
Insurance Commissioner
Atlanta Georgia
Dear Sir
As State Fire Inspector I have the honor to submit for
your approval my condensed report for the year 1921this
being my first annual report since my connection with this
Department
During the year I have made investigations of sixtythree
suspicious fires over the State full reports of which are now
in your hands and brief summary of which is attached
Comparison with the work of other years shows an increase
in investigations made of 112 per cent over the year 1920
and a 90 per cent increase over the average of the last four
years The number of investigations given do not by any
means represent the number of calls received by the office
during the year there are so many demands that it is a
physical impossibility to meet them all Necessarily each
investigation takes a great deal of time The cases must be
prepared for court and hearings and trials in court must be
attended during which time I have no opportunity to take
up new calls I am convinced that an assistant at such
times would be of great service and would enable a more
complete fulfillment of the duties of my office
Following is a summary of the results of my investiga
tions
1231 Indictments returned
Convictions of Arson 6
Acquittals of Arson 9
Arson cases pending16
Arrests made no indictments 4
Warrants issued no apprehension to date 2
Invetigations in hands of Grand Jury 1
Investigations where no cases were made25
Total number of investigations63
Places visited and investigations made with results of
the latter are as follows
1 Davisboro Ga December 16 1920
Unmistakable evidence of incendiarism but investigation
by this Department and by Pinkerton Detective Agency
failed to establish guilt of the accused or to ascertain the
person responsible
2 Rome Ga January 4
Many suspicious circumstances in connection with this
fire but trial resulted in acquittal of both parties involved
3 Mystic Ga December 30 1920
Investigation made January 8 1921 Not sufficient evi
dence to convict or to warrant bringing any prosecution
4 Ocilla Ga December 11 1920
Investigation January 8 1921 Many suspicious circum
stances indictment returned by Grand Jury charging ar
son but defendant acquitted upon preliminary hearing
5 Attended court at Ocilla in connection with preceding
case which was dismissed by the court
136 Doerun Ga January 7 1921
Thorough investigation failed to disclose sufficient evi
dence to warrant prosecution
7 Dosia District Tift County August 25 1920
Reported for investigation January 30 Evidence in this
case not sufficiently strong to warrant arrest on charges of
arson
8 Central Avenue Tifton Ga October 10 1920
Report of investigation January 30th 1921 Evidence so
strong in this case that arrests were made and indictments
returned against three parties one trial resulting in acquit
tal Other two cases pending No trial yet in these cases
9 Dosia District Tift County October 20 1920
Investigation reported January 30 1921 Same owner in
volved as in property covered under Items Nos 7 and 8
but different property Evidence sufficiently strong to
result in three indictments Still pending
10 Edgewood November 24 1920
Examination report January 30 1921 Men involved also
involved in two preceding cases Evidence presented result
ed in three indictments on which trials have not yet been
had
11 Tifton Ga December 17 1920
Report February 10 1921 Property uncompleted and
considerably overinsured but investigation failed to dis
close sufficient evidence to warrant charges of arson
12 Final report of investigations on Willis properties
Tift County on which three fires above mentioned occur
red and in which the same individuals are involved Result
as above mentioned Three indictments in each case one
confession followed by acquittal other cases not yet tried
1413 Property near Brunswick Ga December 30 1920
Report February 22 1921 Evidence seemed to indicate
fire of accidental origin
14 Douglas Ga January 16 and 19 1920
No evidence discoverable to warrant arrest
15 Sylvester Ga January 27 1920
No evidence discoverable to show incendiarism
16 Ocilla Ga July 11 1920
Report as to court proceedings February 4 1921 Evi
dence presented resulted in verdict of acquittal in the prelim
inary hearing
17 Tarrytown Ga November 5 1920
Report February 25 1921 Very strong evidence laid
before Grand Jury no indictment to date
18 Athens Ga January 25 1921 Conflagration
Much evidence but not of such nature as to sustain charge
of arson
19 Near Canton Ga December 30 1920
Report March 28 1921 Evidence presented to Grand
Jury no indictment returned
20 Doerun Ga March 10 1921
Not sufficient evidence to warrant charges
21 307 Peachtree St Atlanta Ga January 4 1921
Preliminary hearing resulted in bail of 3000 being sub
mitted Defendant promptly jumped bail and is now a fugi
tive from justice
22 Hazlehurst Ga February 20 1921
Grand Jury considered evidence presented and returned no
15indictment although examination of evidence seems to make
a pretty strong case against the accused
23 Near Rome Ga April 3 1921
Evidence resulted in conviction of two boys who on trial
were sent to the reformatory
24 Hartridge Street Savannah Ga January 26 1921
Investigation failed to disclose evidence of incendiarism
25 Collins Ga October 9 1920
Report April 16 1921 Investigation showed strong cir
cumstantial evidence but solicitor general refused to act
upon it
26 Lucius Siding Gilmer County February 26 1921
Investigation showed every evidence of incendiarism but
guilty parties have not yet been found
27 Claxton Ga March 20 1921
No motive shown for arson although plenty of suspicion
Grand Jury decided evidence insufficient to warrant an in
dictment
28 Athens Ga April 11 1921
Strongest evidence of deliberate attempt to destroy but
unable to ascertain the individual guilty v
29 23 Grant Place Atlanta Ga April 3 1921
Fire started simultaneously in several rooms with kero
sene scattered all about property Impossible to fasten guilt
upon any known individual
30 Villa Rica Ga April 20 1921
Property apparently used as illicit still and burned to de
stroy evidence Unable to place guilt upon any particular
individual
1631 25 Fortress Avenue Atlanta Ga April 2 1921
Confession obtained after investigation in this case In
dictment returned trial and conviction followed resulting
in five years in penitentiary
32 Adrian Ga April 6 1921
Investigation of this case failed to show sufficent evi
dence to warrant arrest but led to evidence and arrest in
connection with fire at Blackville near by a few days aft
erwards Suspect is still in jail awaiting trial
33 Evans Ga January 9 1921
Report May 23 1921 Auto burning Evidence not suf
ficient to warrant arrest
34 Gough Ga January 30 1921
Report May 24 1921 Unsuccessful in obtaining suffi
cient evidence for prosecution
35 Fitzgerald Ga May 26 1921
Lockett Motor Car Co Considerable difficulty met in
handling this case Appeared to be collusion between some
city officials and individuals under suspicion Strongest
evidence obtained and presented to Grand Jury but without
being able to obtain indictment
36 Manville Carroll County Ga March 22 1921
Report June 2nd This and most of the other fires in
this section during the past few months highly suspicious
but utterly impossible to make successful investigation by
reason of local feeling Successful prosecution impossible
37 Jasper Ga April 28 1921
Small fire suspicious origin but no evidence of incen
diarism obtainable
38 Lexington Ga February 19 1921
Report June 10 By reason of unavoidable delay in reaching place all evidence removed prior to arrival Not possi
ble to continue the investigation
39 Near Griffin Spalding County Ga June 12 1921
Investigation resulted in three indictments followed by
trial leading to two acquittals and one sentence of seven
years in penitentiary
40 Haralson County Ga March 12 1921
Report July 29 Two warrants issued one indictment and
confession Trial not yet held second party fugitive from
justice
41 Waynesboro Ga May 6 1921
Report August 19 Arson charge two arrests made pre
liminary hearing resulted in acquittal
42 Sandersville Ga May 20 1921
Report August 20 Evidence obtained presented to Grand
Jury six indictments returned followed by five arrests
the sixth person now being fugitive from justice One case
tried and acquitted remainder pending
43 Wigwam Hotel Indian Springs Ga August 20 1921
Suspicion of incendiarism but investigation failed to dis
close evidence
44 Brown House Macon Ga August 22 1921
Investigation disclosed fire from accidental causes or care
lessness not incendiarism
45 Broughton Street Savannah Ga Sept 6 1921
Manufacturing establishment Investigation resulted in
two arrests for arson indictments by Grand Jury and trial
followed by acquittal
46 Manchester Ga September 15 1921
Fire apparently grew out of trouble between A B and A
18strikers By reason of local conditions at that time impossi
ble to obtain evidence
47 Collins Ga June 29 1921
Report October 20 Thorough investigation made but
absolutely impossible to obtain evidence of incendiarism
48 Oak Park Ga May 17 1921
Report October 20 Apparently overinsured Many
statements made by neighbors but no one willing to testify
under oath and further investigation useless
49 Elbert County Ga September 8 1921
Report October 21 All indications pointed to incendiar
ism but evidence sufficient to convict impossible to obtain
50 Aline Ga October 25 1921
Building and contents greatly overinsured Owner heav
ily in debt Reports pointed to arson but sufficient evidence
unobtainable
51 Statesboro Ga December 16 1921
Report October 27 Evidence pointed to guilt of two per
sons Grand Jury indicted but cases were nol prossed
before time for trial no reaosn given
52 Near Bainbridge Ga August 20 1921
Reported November 5 Simultaneous burning of three
buildings on same property some distance apart Locality
isolated Apparently no witnesses and no evidence could be
discovered
53 272 Juniper St Atlanta Ga October 17 1921
Much suspicion but no means of establishing guilt
54 Hollywood Ga August 27 1921
Reported November 15 Statements of neighbors as to
19suspicious circumstances were proven to be without founda
tion and fire shown to be of accidental origin
55 Twelve miles southeast of Forsyth Ga June 29
Report November 19 Many statements and assumptions
some suspicious circumstances but no evidence to sustain
belief as to incendiarism
56 Fort Valley Ga September 22 1921
Report November 30 Evidence discovered and presented
in this case brought indictment and trial which latter re
sulted in acquittal Reason for same according to state
ment made by solicitor general and related to him by nine
jurors being the advanced age of the accused and the dis
inclination of the jury to render verdict which would result
in sentence of five years or more in penitentiary Apparent
ly no question of guiltmerely a matter of sympathy
57 Cairo Ga Cairo High School November 2 1921
Considerable suspicion attached to this burning and many
statements made Thorough investigation failed to estab
lish incendiary origin
58 Whigham Ga November 19 1921
Much evidence of deliberate action but statements ob
tained in interviews are of little consequence and the evi
dence obtained could not be verified sufficently to warrant
presenting it to the solicitor general
59 Stanton Ala Quitman Ga October 15 1921
Report December 4th This investigation made at special
request of State Fire Marshal of Alabama Property burned
was in Alabama but persons involved had moved to Quit
man Ga hence the necessity for visit to that point No
information obtained to lead to establishment of guilt
60 Albany Ga November 21 1921
Investigation established innocence of parties suspected
of burning this property
2061 Carrollton Ga November 11 and 27 1921
Report December 8 Two fires at such short intervals
naturally aroused suspicion Thorough investigation devel
oped no evidence of incendiarism but much of carelessness
62 Worthen Ga December 5 1921
Report December 19 Suspicion of incendiary origin in
this case evidently resulting from petty feeling among
neighbors Thorough investigation established no founda
tion for such charge
63 Near Center Ga October 19 1921
Report December 19 Four indictments obtained in con
nection with this burning two boys pleading guilty and
being sentenced by the court Remaining two parties plead
ed not guilty case awaiting trial
COMMENTS
In a perusal of the foregoing report of investigations one
thing that stands out is the difficulty of obtaining convic
tions in the cases brought to trial Prosecuting attorneys
and jurors have freely stated that this is due in many cases
to what is popularly supposed to be the very severe sentence
that may be imposed upon persons convicted The law states
that upon conviction of arson the sentence imposed upon the
guilty person shall be a period of five to twenty years in the
penitentiary with no recommendation for leniency In the
country districts particularly where most of my investiga
tions have been made it is exceedingly difficult to have a
jury bring in such a verdict and many persons interested
in the enforcement of the law have stated their belief and
I am forced to the same conclusion that a less drastic law
say with a penalty of from one to five years in the peniten
tiary would be equally discouraging to persons contemplat
ing arson by reason of the fact that undoubtedly more con
victions could be obtained thereunder than under the pres
ent law I would respectfully suggest the adoption of what
21is known as the Model Arson Law of the Fire Marshals
Association of North America with such modifications as
may better fit conditions in the State of Georgia
I find also that there is no law on the statute books of
the State whereby a person can be punished for setting fire
to his own propertyof whatever natureoutside of cor
porate limits where such fire does not endanger or result in
damage to the property of others It is therefore impossible
to follow up such cases with the idea of punishment no mat
ter what may be the intent to defraud the insurance com
panies carrying the risk upon such property
These comments are presented for your information and
such corrective action as is deemed wise
Respectfully submitted
J ALBERT SHARP
State Fire Inspector
The Fire Inspector has been kept so exceedingly busy dur
ing the past year and there are so many calls on his time and
for his attention that it is impossible for him properly to
meet all the demands Frequently he must postpone or ad
journ investigation of important cases in order that he might
be in attendance at a trial in court of some one against whom
he has brought action and during these periods other calls
are received other investigations are demanded and the
work necessarily accumulates to such a degree that often it
is far behind and when finally reached evidence is
impossible to obtain and investigation is useless To cor
rect this additional help is needed in this branch of the
activities of the Department and I take the liberty of sug
gesting that the law authorizing the appointment of a Fire
Inspector Section 2412 k of the Code be amended so as
22to permit the Insurance Commissioner to appoint such as
sistants to the Fire Inspector as may be deemed necessary
from time to time in order to maintain prompt and efficient
service compensation of such assistants to be met from the
special Fire Inspectors Tax of onetenth of one per cent of
the fire insurance premium income of the companies trans
acting business in Georgia on Georgia business which the
Insurance Commissioner is now authorized to impose The
amount of this special tax imposed in the discretion of the
Insurance Commissioner according to law is about 15000
and in the past has been sufficient to maintain the inspec
tion branch of the service for a little over two years from
the proceeds of one levy If the service is to the public and
to the companies is to be effective however it must be made
prompt hence my suggestion for additional assistance when
needed
Entirely apart from the above suggestion intended to
enable the Department to meet more fully the needs of the
situation as it now exists in line with the duties of the fire
inspector as now set forth by the law under which he is
appointed I venture to make another recommendation which
I believe to be in the interest of the State and its people
Reference has been made in a former paragraph to the
great volume of loss incurred by the fire insurance compa
nies on Georgia property Losses incurred by all classes of
fire insurance companies aggregated approximately 14
000000 It will be noted that this represents loss covered by
insurance We think it safe to assume without fear of suc
cessful contradiction that the fire loss on property not
covered by insurance or the margin between amount of in
surance carried and value of property or cost to replace is
fully equal to the loss covered by insurance and perhaps if
we consider all losses by fire throughout the State except
the burning of forests we may safely conclude that insur
28ance does not cover nearly onehalf of the cost or value of
buildings or contents and manufactured products destroyed
On this basis fire losses in Georgia in 1921 would be at least
30000000 aside from the damage by forest fires over the
millions of acres of timber land that we are told are annually
destroyed
It cannot be argued that the value represented by insur
ance paid to reimburse an owner for loss by fire is not a loss
There is a distinct and definite loss of property no matter
what the reimbursement may be or may not be and there is
always an interference with the carrying on of whatever
business is involved some people are temporarily out of em
ployment or there is a serious handicap in some other way
to some of our citizens Beyond this on our basis of calcu
lation 30000000 of taxable property was lost to Georgia
in 1921 some of it only temporarily of course until replace
ment could be made but nevertheless the State loses the
counties lose and the communities lose to say nothing of the
loss to the owners and in the case of an industry to the
many workers and their dependents
The law providing for the appointment of a fire inspector
defines his duty to be that of making investigation after a
fire occurs I submit for consideration the suggestion that
it would be better for the State to enlarge those duties so
as to encourage fire prevention Both State and people
would reap the benefit of any lessening of the present enor
mous losses just as both now pay the penalty incident to the
present experience I believe it would be well to grant the
fire inspector and any assistants he might be given au
thority to go upon any premises for the purpose of examina
tion to see if local or State laws or ordinances or regulations
for the purpose of lessening or removing the fire hazard
are being strictly observed reporting to the proper author
ities any violation of such laws ordinances or regulations
recommending to the owners of properties examined the
adoption of such precautionary measures as will diminish
24the risk of fire and thus better not only their own condition
but also decrease the hazard to adjoining property Meas
ures might also well be taken to compel the adoption of such
recommendations unless good and sufficient reason could be
presented to the contrary and where no local laws or regula
tions exist the State should require the adoption of some
standard of safety and its enforcement The required inves
tigation of suspicious fires and the prosecution of those
guilty of arson are right and proper and should be most vig
orously conducted but the prevention of fires and the less
ening of losses are of far more importance to the State and
its people and proper means taken to bring these about will
most certainly be worth while to all
25REVENUE RECEIVED FROM INSURANCE
COMPANIES
The following statement is submitted showing the reve
nue collected through the Insurance Department from com
panies licensed by the Department to transact business in
Georgia as well as the expense of maintenance of the De
partment for the year ending December 31 1921 The
amount of revenue does not include any collections for the
Fire Inspectors Fund provided by statute for the mainte
nance of that division of the departmental activities Under
this statute a tax of Onetenth of one per cent in the dis
cretion of the insurance commissioner on the gross premium
receipts of all such fire companies is levied for this pur
pose and owing to economy of administration of this fund
it was not deemed necessary to levy such tax during 1921
there being sufficient funds in hand at the end of 1920 to
maintain the service throughout 1921 as shown by the finan
cial statement made a part of the report of the work of the
Fire Inspector
REVENUE COLLECTED
License fees for companies and agents 5687800
Tax on premium income of the companies on
Georgia business 1 12 per cent of gross collec
tions except where otherwise provided by law 65982547
Total Revenue 71670347
26DEPARTMENTAL EXPENDITURES
Furnishings and supplies 12581
Postage 31500
Telegrams 5315
Printing and Stationery including
449820 for printing annual re
port of 1920 business 559451
Advertising 600
Salaries 1040000
Total Expenses16494451649445
Net revenue to State of Georgia70020902
Total cost of maintenance of Insurance Depart
ment to the total revenue221 per cent
CONDITION OF STATE FIRE INSPECTORS FUND
Cash in bank January 1 1921 1350499
Cash in hands of Fire Inspector 3055
1353554
Fine levied by Fire Inspector 3000
Interest on Savings Account 28000
1384554
Disbursements
Salary Fire Inspector 279760
Traveling and incidental expenses 379082
Legal and other expenses 29529
In hands of Fire Inspector 4473 692834
Cash balance December 31 1921 691720
27COMPANIES IN PROCESS OF LIQUIDATION
The only company now in the hands of the Insurance De
partment for liquidation is the Empire Life Insurance Com
pany As stated in previous reports at the time the Court
placed the company in the care of the Insurance Commis
sioner March 16 1916 the policies then in force with the
exception of a few held by dissenters were reinsured by
the International Life Insurance Company of St Louis
Mo under a reinsurance contract approved by the Court
the contract guaranteeing for seven years the payment of
the face of the policies at maturity without deduction for
deficiency in reserve upon any policy The largest asset of
the company its home office building in Atlanta known as
the Flatiron Building was sold by me as reported last year
and the proceeds of this and other assets of the company
now on deposit at interest with interest payable semian
nually will be ready for distribution upon Court order after
the expiration of the sevenyear period from the time of the
taking over of the companys affairs The question of prior
ity of creditors will be decided by the Court and the Su
preme Court has held that living and deceased policy holders
must be treated on a parity as to claims A payment of
fifty per cent on death claims was made in 1918 whereupon
the Court held that until assets are realized sufficient to
make a similar payment on claims of living policy holders no
further distribution can be made on death claims
I append hereto report of an examination of the books
records and transactions of the Empire Life Insurance Com
pany for the last twelve months made by Womack Harper
Bansley Certified Public Accountants of Atlanta
28Atlanta Ga January 7 1922
Honorable William A Wright
Insurance Commissioner State of Georgia
Dear Sir
In accordance with your instructions we have made an
audit of the books records and transactions of The Empire
Life Insurance Company Atlanta Georgia in liquidation
for the period January 1st to December 31st 1921
STATEMENT OF INCOME AND DISBURSEMENTS
FOR PERIOD
1 Amount of Ledger Assets Book Value
as per balance December 31 192054989224
Income
2 Interest on bonds 2125
3 Interest on purchase money
notes 519447
4 Interest on certificates and
savings deposits 515889
5 Rent on calculating machine 10500
6 Total income items 2 to 5 inclusive 1047961

7 Sum of items 1 to 656037185
Disbursements
8 Rent of office 42000
9 Taxes 693
10 Rentsafe deposit box 300
11 Repairing lock to safe 2250
12 Auditing 15000
13 Miscellaneous 2535
14 Legal fees and court costs 341133
15 Total disbursements items 8 to 14 in
clusive 403911
16 Balance item 7 less item 1555633274
29STATEMENT OF BOOK ASSETS AND LIABILITIES AS
OF DECEMBER 31 1921
Assets
Cash items on hand 46190
Cash in banks 422209
Savings Deposits in Banks 5327010
Certificates of Deposit 17684545
Liberty Bond par value 50000
Purchase Money Notes 5000000
Mortgage Loans 220592
Collateral Loans 1233883
Notes Receivable for Capital Stock 15659159
Policy Loans Notes LiensDissenting Policy
holders 1041325
Agents debit balances 4686184
Accounts Receivable 1929762
Real EstateDeKalb County Ga 148000
Treasury Stock 107 12 shares Empire Life In
surance Co 791080
Furniture and Fixtures 1393335
Total Assets Book Value as per balance55633274
Liabilities
Reinsurance Liens Reserve as es
tablished by the reinsurance con
tract March 17 1916 50217420
Less lapsed liens to March 16 1921 18492835
31724585
Reserve for dissenting policyholders 1158762
International Life Insurance Co as of 31621 8055698
Policy Dividends 323971
Death Claims 13385147
Sick and Accident Claims 38842
Contested Death Claims 2100000
30

Notes Payable 1592000
Accounts Payable 449463
Agents Credit Balances 175824
Medical Examiners Balances 61500
Accrued Salaries of Officers 115232
Taxes State County and City 1090410
Dividends Unpaid 33410
Total Liabilities exclusive of Capital Stock 60304844
Capital Stock December 31 192128555250
Attention is directed to the fact that the assets shown on
the foregoing statement are at book values
Respectfully submitted
WOMACK HARPER BANSLEY
Certified Public Accountants
STATE MUTUAL LIFE INSURANCE COMPANY
Since the Court placed this company in the hands of the
Insurance Department with instructions to operate it for the
benefit of its policyholders its affairs have been adminis
tered by a Special Deputy under my direction and I ap
pend hereto the report made by him to this Department
covering the business for the year ending December 31
1921
Rome Ga March 23 1922
Hon Wm A Wright
Insurance Commissioner
Atlanta Ga
Dear Sir
As Special Deputy Insurance Commissioner conducting
31the business of the State Mutual Life Insurance Company
of Rome Ga I submit my report of operations of the Com
pany for the year 1921
Statement showing Income and Disbursements during the
calendar year also the financial condition of the Company
as of December 31 1921 is attached hereto and marked Ex
hibit A Said Exhibit or Statement should be considered
in connection with this explanatory letter though most if
not all of the items will no doubt be found selfexplanatory
Referring particularly to the item under the heading Dis
bursements showing reduction of 4448455 in valuation of
real estate this is to be considered in connection with the
item Real Estate 21715000 shown under Assets As
we have stated in previous reports the greatest problem we
have had in the handling of the State Mutuals assets has
been the large holdings of real estate accumulated before the
Companys affairs were taken over by you under direction
of the Court We have kept steadily in mind the desirability
of disposing of such holdings as fast as fair and satisfac
tory prices can be obtained Quite a number of small sales
were made during 1921 but in view of general business
conditions it has not been practicable to dispose of the
larger parcels
It has been evident that some of the real estate referred
to cannot be made to produce a rental income sufficient to
pay interest on the amount invested therein by the former
management nor can we hope to sell it within a reasonable
time for what the books of the Company show it cost While
real estate was active and values increasing we did not think
it good business nor expedient to reduce book valuations
more than shown in previous reports As such reports will
show we disposed of a large part of the real estate formerly
held while the market was active but could not liquidate all
of it Everything considered it seemed to us during the lat
ter part of 1921 that the point had been reached in our con
duct of the Companys business when it was advisable to
32make further reduction in the book valuation of the real
estate remaining Accordingly the valuation of the Home
Office Building was reduced from 10158206 to 75000
the balance of the 4458445 being distributed over the vari
ous properties belonging to the Company This does not
mean that there was a loss or depreciation of that amount
during the year 1921 but only that the lower figures more
correctly represent the actual investment value of real es
tate that was included in the assets of the State Mutual when
you took charge under decree of Court
The rental income for 1921 was 145028 more than for
1920the total rents received being 1862489 as compared
with 1717461 for the preceding year
An analysis of results of operations of the Company shows
a gain made during the year from loading from interest and
from mortality It has been our constant endeavor to con
serve the Companys business and assets and increase in
every way consistent with safety and good management the
earning power of its investments
We have given special attention to mortgage loans The
detail work study and attention incident to caring for real
estate loans is much greater than would be involved1 in
looking after some other forms of investment but the rec
ord made by this class of investment and the larger rate of
income realized make this labor worth while Care and con
servatism have been exercised in the selection of invest
ments and I believe that the results of this somewhat ardu
ous wbrkwiirbe moreclearly shown in future statements
than in the present For the last three years there has been
a steady improvement in the rate of interest realized on the
Companys assets
The Expected Mortality on the net amount at risk in 1921
was 8330795 whereas the Actual Mortality experienced
was only 6013190 or 722 of the expected All death
33claims accruing were paid promptly and in full upon receipt
and approval of proofs of death and claim
During the year we settled and disposed of claims that
had heretofore been a drain upon the Companys surplus
income to the extent of 360000 per year Adjustment of
these claims was made on an equitable basis satisfactory to
claimants and advantageous to the Company and its policy
holders
It seems hardly necessary to refer to the fact that the
year 1921 was one of acute and prolonged financial depres
sion and I do so at this time only to point out that marked
progress was made by the State Mutual Life Insurance Com
pany during the year notwithstanding general business con
ditions The decrease of business in force through deaths
lapses cancellations expiry and reduction of policies was
only 84 of the business in force January 1 1921 The
business in force at close of the year was 800954700
Looking back over the year I feel gratified at the results
achieved and believe that we may face the problems of 1922
with assurance that the policyholders of the State Mutual
who have given us their support and cooperation in our en
deavor to rehabilitate the Company will find their confi
dence justified
Yours very truly
HAMILTON1 YANCEY
Special Deputy Insurance Commissioner
34EXHIBIT A
Attached to and forming part of Keport for the year ending
December 31 1921
Ledger Assets December 31st 1920 292152376
INCOME
Premiums 23633248
Interest
Mortgage Loans 6378440
Bonds 803498
Policy Loans etc 7422332
Deposits 178020
Rents Including
2500 for own
occupancy 1862489
Total Interest and Rents 16644779
Other Items 10750
Total Income 40288777
332441153
DISBURSEMENTS
Death Claims 13190658
Disability Claims 62500
Annuities 2883721
Surrendered Policies
Values applied t o
cancel policy loans 13768737
Endowments 250000
Coupon reduction of
premiums 2722517
Total Payments on Policies 32878133
Carried Forward
35DISBURSEMENTSContinued
Amount forward32878133
Renewal Commissions 329797
Traveling Expenses 84895
Salaries 1 1322505
Rent Own Occupancy 250000
Printing Postage etc 59307
Legal Expenses 292600
Repairs and Expenses on Real
Estate 429316
Fire Insurance 121599
Taxes on Real Estate and Per
sonalty 1072476
Taxes on Premiums
Department and Municipal Li
censes and fees
Other Items
Profit and Loss Account
Reduction Valua
tion of Real
Estate 4458445
Amortization of
Bonds i
Adjustment of
Bond Values
Loss on Sale of
Bonds
Adjustment Pre
mium Lien Note
Account
69383
10575
76623
8102
24955
14500
69472
4575474
Total Disbursements 41572683
Ledger Assets Dec 31 1921 290868470
LEDGER ASSETS
December 31 1921
Real Estate j 21715000
Mortgage Loans 95618307
Amount forward 117333307
36LEDGER ASSETSContinued
Amount forward117333307
Policy Loans 138256919
Premium Notes 6642441
Bonds U S State and Municipal 22064332
Cash on Deposit at Interest 6423787
Cash in Office 15827
Agents Debit Balances 131857
Total Ledger Assets 290868470
NONLEDGER ASSETS
Interest due and accrued
On Mortgage Loans 3974562
On Bonds 375149
On Bank Balances 8588
Rents due and accrued 68930
Unearned Fire Insurance Premiums 53841
Net uncollected and deferred premiums 1507898
Gross Assets296857438
ASSETS NOT ADMITTED
Policy Loans and Lien Notes in Excess
of Reserve 95213
Agents Debit Balances 131857
Total NonAdmitted Assets 227070
Total Admitted Assets296630368
LIABILITIES
Net Value of outstanding policies 284480261
Death Claims in process of adjustment 887400
Claims for Death Losses adjusted and not due 1037039
Death Claims resisted litigation pending
when Insurance Commissioner took charge
of Company 300000
Carried forward286704700
37LIABILITIESContinued
Amount forward 286704700
Reserve for net death losses incurred but un
reported 500000
Coupons and Dividends left to accumulate with
interest 1038902
Interest paid in advance 2973167
Renewal Commissions to Agents due and ac
crued 147435
Medical and Inspection fees accrued 26100
Miscellaneous bills and accounts 76268
Reserve for Taxes 445790
Unassigned funds or Contingency Reserve 4718006
Total296630368
I have the honor to be
Very respectfully your obedient servant
WM A WRIGHT
Insurance Commissioner
38FIRE MARINE AND INLAND INSURANCE COMPANIES
Financial Condition as of December 81 1921 and Business Transacted During the Year 1921
COMPANY AND LOCATION
Abeille of Paris Providence R I
Aetna Hartford Conn
Agricultural Watertown N Y
Allemannia Pittsburgh Pa
Alliance Philadelphia Pa
American Alliance New York NY
American Automobile St Louis Mo
American Central St Louis Mo
American Druggists Cincinnati Ohio
American Eagle New York N Y
American Ins Co Newark N J
Atlantic Mutual Savannah Ga
Atlas Assurance Co London New York N Y
Automobile Ins Co Hartford Conn
Bankers Shippers New York N Y
Berkshire Mutual Pittsfield Mass
Boston Ins Co Boston Mass
British America Assurance Co Toronto Canada
Caledonian Ins Co New York N Y
California Ins Co San Francisco Cal
Camden Fire Ins Asso Camden N J
Central Manufacturers Mutual Van Wert Ohio
Citizens Ins Co St Louis Mo
City of New York Ins Co New York N Y
Columbia Ins Co Jersey City N J
Commercial Union Fire Ins Co New York N Y
Commercial Union Assur Co Ltd New York N Y
Commonwealth Ins Co New York N Y
Concordia Fire Milwaukee Wis
Connecticut Fire Hartford Conn
Continental Ins Co New York N Y
County Fire Philadelphia Pa
Dixie Fire Greensboro N C
Eagle Star British Dominions New York N
Equitable Fire and Marine Providence R I
Y
J
Federal Ins Co Jersey City N
Fidelity Fire Sumter S C
FidelityPhenix New York N Y
Fire Association of Philadelphia Philadelphia
Firemans Fund San Francisco Cal
Firemens Ins Co Newark N J
Fitchburg Mutual Fitchburg Mass
Franklin Fire Philadelphia Pa
Pa
Georgia Home Columbus Ga
Girard Fire Marine Philadelphia Pa
Glens Falls Glens Falls N Y
Globe and Rutgers New York N Y
Great American New York N Y
Great Southern Atlanta Ga
Hanover New York N Y
Total
Admitted
Assets
443023
894699
518599
180487
268456
808438
258419
301019
911758
439108
836502
348580
440809
970502
554615
601442
779109
256915
676474
143529
213735
229351
078608
477512
203063
Liabilities
Including
Reserves
but ex
cluding
Capital and
Surplus
1968091
14057804
4421468
4710587
12421018
43389862
1604990
1700027
5024148
3477729
5523723
570585
29189830
16491022
21871750
10517443
605224
6941742
730216
4360509
10345350
46652573
42806009
140108
6889165
Paidup
Capital
1002210
24827609
4877687
1737785
2627803
1553214
2643419
5108142
196292
3156921
11725030
140328
4006057
8120553
2093376
452636
8426605
1601036
2511838
1687134
4806583
1226513
593551
1850367
1188649
1597642
9561369
2545022
3170404
7832828
21250563
475146
821831
3980476
1189017
3457863
269516
18093329
11328814
14558849
6426872
409968
4394907
387391
2508654
6568981
33012884
20592998
21778
4852348
200000
5000000
1000000
500000
1000000
640653
1000000
300000
1000000
300000
1000000
2500000
nooooo
Surplus
2000000
1000000
1000000
200000
200000
1000000
1250000
200000
1000000
400000
200000
500000
750000
1000000
10000000
500000
500000
1000000
1000000
200000
2500000
1000000
3000000
1250000
1000000
200000
1000000
1000000
700000
10000000
100000
1000000
INCOME
240813
9067090
1640912
942701
1000000
1255225
315000
1192876
415466
1282187
3611471
108252
1434752
1849949
461240
148786
3352504
455879
964636
456395
1157153
1002838
285058
627145
614413
170448
4496434
1376446
790183
3588190
12139299
629843
378196
1043672
1288712
1065860
101069
8596501
4162208
4312901
2840571
195257
1546834
142826
851855
2776369
12939689
12213011
18330
1036817
Net
Premiums
909309
21909465
4190221
1431359
2146678
1367730
3103254
4640027
284500
3255867
8958032
165787
3889668
10777928
1826537
529461
6256097
1395596
2230407
1754907
4185442
1809011
214508
1625924
1405207
1437129
8399611
2310400
2694554
6339930
16302444
307591
804629
4603444
1076518
3360521
242568
13059676
9180557
15289535
5113389
576987
2986486
309916
1504971
6204628
24209526
18126645
27029
3935472
Total
Income
DISBURSEMENTS
Net Losses
Paid
1051135
23645824
4608178
1630681
2400846
1554132
3487384
4952651
324006
3869339
10264855
218011
4100082
11813636
1980148
595280
6833323
2333439
2480722
1887789
4626691
1918747
304806
2071376
1931222
1521294
9744266
2520746
3155584
6892510
22122130
674597
906161
4971744
1255673
3730634
367853
16997988
9957432
16568007
6106178
608078
3382019
479878
2165886
6952353
26287904
20328716
32499
4320369
Total Dis
bursements
BUSINESS IN GEORGIA IN 1921
609300
14798733
2479451
685531
1624463
551448
1577161
2537058
78050
1509591
5088072
53589
2354224
6568433
1421589
176071
4263810
910208
1280436
1204626
2693632
819050
269615
816054
1093013
884577
5360189
1296914
1511518
3710576
9190419
140117
550685
3383936
667689
2203936
334509
8148169
5189881
11471305
2944995
242877
1937765
209632
778888
3711807
15100721
11158463
5652
2201589
Net risks
Net
Premiums
989653
25451715
4619199
1489008
2712152
1550037
3087004
4642852
223899
2715425
9743603
187391
4338757
11897922
2210362
476342
7597819
2343569
2451219
2125599
4732560
1793390
406152
1516864
1913043
1623828
10211664
2635707
3031902
6913229
19504461
323614
956706
5350873
1148362
4386820
439579
15561837
9767245
18979146
6659 316
542 843
3256537
528808
1720118
6781535
23664414
22225769
30963
4521447
2926047
71816572
6453611
197668
6732506
1842005
6348952
230675
13608374
10971931
5953930
8998963
16388133
4039853
122789
4555792
2845430
2372624
2538636
5156879
1325607
5673746
6014254
2306557
1962317
97452456
2452597
5435092
6514501
60348712
1776747
1350820
5144894
1188318
32544836
163368
47072428
18086384
22598889
12118439
678865
32466902
2802132
3153797
8778316
27390000
15837729
1578330
7125829
Net Losses
Paid
46668
742287
66110
3273
43036
18111
11864
72954
3495
75910
154615
61247
112638
109683
66529
2813
40311
36842
31807
32446
72097
19885
86373
60125
33144
23301
370931
34011
77305
73014
373714
20900
22129
84521
13228
25156
3555
303882
266567
316033
101527 I
16290
86179
39197
41700
72842
372659
229895
27029
62292
Net Losses
Incurred
49122
868418
72617
2511
52365
10104
2464
90837
5244
102518
152236
15516
174972
94547
59876
1096
50172
38970
18702
21073
90715
8518
38097
120872
40886
26384
249052
29614
79493
78008
439956
19407
13970
78143
17009
11728
12914
357065
261249
247009
137891
2069
78584
32259
37485
71231
459637
262634
5652
73568
46156
920234
69722
3856
53586
9531
99454
5244
95520
183642
18266
174265
124235
76110
2018
57903
37852
18995
29725
113984
11231
43364
127986
45764
24904
264402
38084
80782
97786
422947
22691
19590
98442
28205
14246
8889
347413
268803
261389
162587
1538
91832
41438
58069
76174
539983
281730
11812
62602
Contingent Reserve
Guarantee Fund
FIRE MARINE AND INLAND INSURANCE COMPANIESContinued
Financial Condition as of December 31 1921 and Business Transacted During the Year 1921
COMPANY AND LOCATION
Hardware Dealers Mutual Stevens Point Wise
Hartford Fire Hartford Conn
Home Fire and Marine San Francisco Cal
Home Ins Co New York N Y
Hudson Ins Co New York N Y
Importers Exporters New York N Y
Indiana Lumbermens Mutual Indianapolis Ind
Ins Co of North America Philadelphia Pa
Insurance Co of tate of Pennsylvania Philadelphia Pa
Liverpool London Globe Ltd Englandl New York N Y
London Assurance Corporation New York N Y
London Lancashire New York N Y
London Provincial Marine General Ltd New York N Y
London Scottish Assur Corpn New York N Y
Lumber Mutual Boston Mass
Lumbermens Mutual Mansfield Ohio
Marine Motor Ins Co of America Galveston Tex
Maryland Motor Car Ins Co Baltimore Md
Massachusetts Fire Marine Boston Mass
Mechanics Ins Co Philadelphia Pa
Mercantile Ins Co of America New York N Y
Mercantile Mutual Fire Ins Co Providence R I
Merchants Manufacturers Mutual Mansfield Ohio
Merrimaek Mutual Andover Mass
Millers Mutual Fort Worth Tex
Milwaukee Mechanics Milwaukee Wis
Minnesota Implement Mutual Owatonna Minn
National Ben Franklin Pittsburgh Pa
Nationale Paris Providence R I
National Fire Hartford Conn
National Liberty New York N Y
National Mutual Celina Ohio
National Union Pittsburgh Pa
Netherlands Fire Life Holland Chicago 111
Newark Newark N J
New Brunswick New Brunswick N J
New Hampshire Manchester N H
New Jersey Newark N J
New Zealand Ltd San Francisco Cal
Niagara New York N Y
North British Mercantile New York N Y
Northern Assurance Co Ltd New York N Y
Northern Ins Co New York N Y
North River Ins Co New York N Y
Northwestern Fire Marine Minneapolis Minn
Norwich Union Fire Ins Society New York N Y
Ohio Hardware Mutual Coshocton Ohio
Orient Hartford Conn
Pacific New York N Y
Palatine Ltd London I New York N Y
Total
Admitted
Assets
1252527
56171085
2548683
75931552
2531308
2741410
1535951
42350821
5038143
19350754
7104741
7702369
784418
1752575
1878029
1810430
416220
713060
1246181
3135240
4048353
507037
250391
693525
680560
7945056
1395253
5384242
1462132
28224420
12158078
266984
7994634
1488672
4237718
1753719
10944349
2298043
2124390
15227727
12417353
9610940
2655451
9851633
1460037
5810555
265371
5678748
2941552
4997638
Liabilities
Including
Reserves
but ex
cluding
Capital and
Surplus
805562
38911774
1713717
42967383
1329561
1613719
515290
24818286
3395953
13684033
4611855
4287066
109104
631711
491309
1069512
215072
111929
325230
1746213
1951700
259941
103227
511602
346374
4837950
953576
3748972
1002209
19379939
8137413
160136
5652935
805369
2717372
1080469
5905144
1090141
1128324
9509252
8152256
6333562
1641146
5889506
767659
4141294
125933
3173314
1738800
3440832
Paidup
Capital
4000000
500000
12000000
500000
700000
5000000
1000000
200000
400000
200000
500000
500000
600000
1000000
1250000
1000000
200000
2000000
1000000
50000
1500000
200000
500000
500000
2000000
1000000
400000
2000000
400000
400000
500000
2000000
400000
1000000
400000
Surplus
446964
13259311
334966
20964168
701747
427691
1020661
12532536
642189
5666721
2492886
3415303
475314
720864
1386720
740917
1148
10Y131
420951
789027
1096653
247096
147163
181923
334187
1857106
441677
640270
259922
6844481
3020665
56848
841699
483303
1020346
173250
3039206
207902
596066
3718495
3865097
2877379
514305
1962127
292378
1669261
139439
1505434
802752
1556805
Net
Premiums
1253626
40358300
1725961
42134514
801511
1936650
896634
23559282
2542543
10804788
3763316
3468995
133286
628228
904565
1534890
62633
351399
266051
1092783
1810499
394203
178975
481212
691093
3735972
1340587
2910429
909309
15577791
6108344
232414
4804380
661667
2547344
448793
4502333
1440985
855900
9066160
6932294
5523401
1364284
5865944
209522
3976124
227754
2401129
1819069
2927883
Total
Income
1300609
42609784
1834762
48621877
962117
2072932
978930
25454688
2857320
13539055
4493893
3835945
173672
798375
1028266
1611896
93907
406164
334399
1300331
1995812
420253
189218
510628
730007
4096088
1397449
3174885
963230
16682994
7832803
244216
5461324
738517
2732060
1256288
5153724
1587071
1047040
10010306
7532264
6001820
1506998
6431097
3304645
5385103
240 701
2643872
1946508
3138551
DISBURSEMENTS
Net Losses
Paid
Total Dis
bursements
305323
22806714
1304344
25799676
519846
1198597
305919
14423202
1538972
7530881
2423131
1910086
42606
397445
285125
660061
144385
605930
205163
466774
1068633
18028
67915
173311
414284
1913824
431817
1538621
609312
8344555
3278769
126270
2984462
495184
1382014
966342
2500159
472422
741053
5495668
3942661
3435028
659003
3007617
257882
2440288
55996
1355165
1079120
1832230
1095886
42432913
2190675
46921144
1022993
2041198
868105
26090004
2912193
13839881
5110886
3972135
129262
751493
896844
1551685
196864
915732
370711
1104428
2150160
448665
158859
405693
871198
3879949
1252261
3120689
990013
16113710
6843226
232273
5611035
848373
2472960
1716123
5798824
1610554
1398900
10054452
7884266
6465261
1379393
5872077
3614426
5074169
183661
2720702
1819085
3477251
BUSINESS IN GEORGIA IN 1921
663108
32065940
3004174
41448851
623939
1872592
389475
44331559
4424406
31143602
2784119
6480707
1020841
2270958
377626
1053866
Net
Premiums
434473
337570
3242057
1593720
1225606
166091
232081
643025
6576829
1281800
3847505
2926047
17928020
17101333
141425
6764396
401388
2550282
1780631
7554260
2452578
1489249
9105908
11573028
7518039
1907001
2792980
818151
6516867
282530
4152388
5837580
9563197
6678
838844
38900
513076
48180
36065
5869
334325
71810
282050
28482
74573
9592
37444
12149
16769
Net Losses
Paid
16822
2360
40110
16459
1247
3624
3856
14675
88202
18972
51957
46668
237366
156528
4180
111340
6351
34569
32686
63448
32888
17628
96093
148360
131020
29608
48206
7623
61706
5938
46230
138973
116948
11483
923752
29561
583969
36187
46909
2766
366766
76587
217947
40698
48006
684
33737
3038
7678
Net Losses
Incurred
23264
5723
26985
9644
1155
1085
226
8259
62657
9066
63806
49122
228648
135012
135981
2955
16455
74026
47097
21 27
37385
130109
125 169
165155
28793
61 595
44 506
2000
36461
109430
79934
11483
910534
20277
657073
32692
45474
2326
378744
91026
223617
38378
49946
3362
25346
2827
7330
20222
3760
37270
12253
884
3085
2751
3800
60796
6449
56482
46155
303350
177475
1607
139751
12858
31469
64321
52824
36921
36617
137624
143239
190440
30320
63090
65182
3000
35986
114902
93728FIRE MARINE AND INLAND INSURANCE COMPANIESContinued
Financial Condition as of December 31 1921 and Business Transacted During the Year 1921
COMPANY AND LOCATION
Palmetto Sumter S C
Pennsylvania Fire Philadelphia Pa
Pennsylvania Lumbermens Mutual Philadelphia Pa
Pennsylvania Millers Mutual Wilkes Barre Pa
Peoples National Philadelphia Pa
Phenix Paris Providence R I
Phoenix Assur Co Ltd New York N Y
Phoenix Fire Ins Co Hartford Conn
ProvidenceWashington Providence R I
Queen Ins Co of America New York N Y
Reliance Philadelphia Pa
Retail Hardware Mutual Minneapolis Minn
Rhode Island Providence R I
Royal Exchange Assurance New York N Y
Royal Insurance Co Ltd New York N Y
Savannah Fire Savannah Ga
Scandinavian American Assur Corpn Ltd New York N Y
Scottish Union National Hartford Conn
Security Ins Co New Haven Conn
Southern Mutual Athens Ga
Springfield Fire Marine Springfield Mass
Standard Hartford Conn
Standard Marine Liverpool New York N Y
Star Ins Co of America New York N Y
Sterling Indianapolis Ind
St Paul Fire Marine St Paul Minn
Stuyvesant Ins Co New York N Y
Sun Insurance Office England New York N Y
Superior Fire Ins Co Pittsburgh Pa
Svea Fire Life New York N Y
Texas State Mutual Dallas Tex
Thames Mersey Marine New York N Y
Tokio Marine Fire New York N Y
Union Assur Society Ltd New York N Y
Union Fire Ins Co Paris Providence R I
Union Ins Society of Canton Ltd Chicago 111
Union Marine Ins Co Ltd New York N Y
United Firemens Ins Co Philadelphia Pa
United States Fire New York N Y
United States Lloyds Inc New York N Y
Urbaine Paris New York N Y
Victory Ins Co Philadelphia Pa
Virginia Fire Marine Richmond Va
Washington Marine Ins Co New York N Y
Westchester Fire New York N Y
Western Assur Co Toronto Canada
World Auxiliary Ins Corp Ltd Chicago 111
Yorkshire Ins Co Ltd New York N Y
Total
Admitted
Assets
831224
10474555
1683116
1470692
2375969
1451016
6777755
24014028
9462443
17125600
1461605
2034916
3179197
5523841
21217105
449182
228730
443501
785193
025708
384250
638732
346014
961067
438109
610382
589737
964324
509765
004018
239619
1777754
5329949
2792638
1716759
7491432
1463717
2130904
13227788
2723625
5322355
1568276
2895279
Statement
10590 927
4835545
1309095
2935231
Liabilities
Including
Reserves
but ex
cluding
Capital and
Surplus
274220
6801587
470867
584869
1164495
1002210
4244979
11589343
5621678
9827427
654186
917197
2057727
3245439
15544587
150081
2281083
4534120
5305714
272999
13323139
731922
1552165
1925455
1005667
11226573
1656029
4689487
2059363
1733043
157877
939425
1532896
1873422
1127337
5207922
700421
1259685
8769552
1526956
3867199
827883
1406591
not submitted
7795476
3235990
579083
1850667
Paidup
Capital
400000
750000
1000000
200000
400000
3000000
1000000
2000000
400000
300000
600000
400000
400000
200000
400000
200000
1000000
2500000
500000
200000
500000
850000
2000000
700000
200000
70000
200000
200000
530000
400000
200000
400000
1400000
800000
500000
500000
1000000
400000
200000
200000
Surplus
157004
2922986
1212249
885823
210475
248806
2132775
9424686
2840764
5298172
407419
817719
521470
1878402
5272517
99101
547647
3709381
1479480
752709
4561111
406810
1593849
535612
582442
6383809
233708
2074837
750402
1070975
81742
638328
3267054
919215
589422
1883509
563297
471218
3058236
396669
1455157
240393
988688
1795451
1199 555
530012
884564
INCOME
Net
Premiums
382053
4880433
835289
690914
864700
909309
4155900
9825108
5741556
8934012
42899
1486413
1619629
2826436
12899897
181853
1551248
3644436
4806548
363422
11133368
727788
1845579
1793645
803440
10644222
1618088
3718465
1893018
1324038
150712
786126
1678352
1678366
968342
5428345
277807
630445
7768937
1983419
3569747
876390
1139816
7397201
1890868
741656
Total
Income
440039
5403348
1038871
748040
1195424
1001721
4715448
11100118
6181783
9638463
283125
1576925
1741405
3707922
14207321
222978
2352677
4020682
5566669
435429
12032360
793871
3688898
1917941
942674
11829582
1722715
4066152
2170817
1436579
164585
1697679
2411442
1791880
1082564
6079712
1216992
1197403
8414220
2825136
3873489
938940
1277809
7944609
2334025
821794
2438299
DISBURSEMENTS
Net Losses
Paid
56796
2788212
291407
382144
522444
609312
2114857
5425426
3871395
4987588
369320
431308
944329
2117454
7566938
99865
2298070
2123175
2835217
124165
6593368
376980
916474
1227091
608589
7316167
1202592
2058090
840304
906934
104904
883560
1035908
1074157
675366
4408385
475232
343103
4091631
1657426
3030580
390963
689454
4446939
1492061
684438
1311227
Total Dis
bursements
725064
5692796
808410
643986
115435
990353
4289095
10851041
6476622
10096356
776100
1393238
1720777
4181775
15274827
188098
3478264
3999058
5642591
354118
12122606
801559
3614254
2164574
1019825
12410675
1859441
4218495
1886619
1619989
170357
1764692
1791611
2073058
1120793
6848859
1302705
811952
7834666
3283913
4613798
857198
1366352
8111576
2773254
983497
2321467
BUSINESS IN GEORGIA IN 1921
Net risks
592935
5167931
387675
538708
3342355
2926046
7475039
14208570
6940042
21794425
1155511
588916
5118716
3344425
50706657
1502661
2446735
8731941
5585352
45136233
13586057
1673583
7909803
5732767
1742953
13626847
2674302
6362000
895611
2802905
293865
2491782
3286786
3377903
4694093
3067419
844344
1673594
6844534
3040017
4550044
3347315
1074566
8198320
4002068
838220
8219208
Net
Premiums
9077
5912
6163
12438
51220
46668
87881
160541
96680
281624
12583
7639
81296
38591
340061
19820
57899
83533
70839
363422
92773
13i35
59393
42186
30013
107248
65042
100050
12253
34909
8296
15077
32394
43107
72576
60481
3635
26015
99470
34304
68613
31604
17924
23
83282
47864
9462
159179
Net Losses
Paid

12886
43345
3512
4419
33108
49122
130478
188844
170789
222120
33
3899
83632
57986
362667
10732
50290
88726
66023
124165
105701
5219
121771
41232
18002
109975
58498
83922
5186
67950
321
19790
57302
38823
90737
89575
192
14051
87781
39303
99861
19378
19103
450
117288
44087
24593
136509
Net Losses
Incurred
12473
51259
2766
3396
31278
46155
133419
179801
161638
211798
33
3899
100962
70404
36T108
12399
46857
96394
71152
127628
104797
10102
122035
38482
16008
125284
69811
85159
7802
61592
1500
20873
55049
45001
99056
120087
13435
13617
107181
41425
102799
21401
25331
450
121203
58866
23441
140628
Georgia Totals 5128029526
12507763
12660933
13567260Financial Condition as of December
LIFE INSURANCE COMPANIES
31 1921 and Total Business Transacted During the Year 1921
COMPANY AND LOCATION
Aetna Life Hartford Conn
American Central Indianapolis Ind
American National Galveston Tex
Atlantic Life Richmond Va
Bankers Reserve Omaha Neb
Carolina Life Columbia S C
Cloverleaf Life Casualty Jacksonville 111
Columbian National Boston Mass
Connecticut Mutual Hartford Conn
Conservative Life Wheeling W Va
Equitable Life Assur Society New York N Y
Federal Life Chicago 111
Fidelity Mutual Philadelphia Pa
Franklin Life Springfield III
George Washington Life Charleston W Va
Guardian Life New York N Y
Home Life New York N Y
Illinois Life Chicago 111
Indiana National Indianapolis Ind
International St Louis Mo
InterSouthern Louisville Ky
Interstate Life Accident Chattanooga Tenm
Jefferson Standard Greensboro N C
Life and Casualty Ins Co Nashville Tenn
Life Ins Co of Va Richmond Va
Lincoln Reserve Life Birmingham Ala
Manhattan Life New York N Y
Maryland Assurance Corpn Baltimore Md
Maryland Life Baltimore Md
Massachusetts Mutual Springfield Mass
Metropolitan New York N Y
Michigan Mutual Detroit Mich
Missouri State Life St Louis Mo
Morris Plan Ins Co New York N Y
Mutual Benefit Newark N J
Mutual Life New York N Y
Admitted
Assets
161294989
8606412
11672937
8769814
11754269
329926
636491
22061788
96204771
2033409
651301018
5601543
47510589
13263529
2657874
41152050
43222328
19413847
2449691
17819465
6873447
1289893
17119541
1952586
28308449
838503
19818205
842718
4377977
147090913
1115583025
15994131
33844503
308821
299976523
677505499
Liabilities
including Re
serves but
excluding
Capital and
Surplus
145949261
8228712
10102293
8118854
10375273
224263
406681
20620788
92166082
1540216
619495221
5213539
Paidup
Capital
5000000
137000
500000
300000
100000
100000
200000
1000000
Surplus
350690
100000
300000
12519118 100000
2357874 38361546 250000 200000
42241337
18111201 2228429 16406235 1000000 210000 656250
6050389 127623 704470 150000
16419541 350000
1257365 500000
25109146 1500000
648761 131690
19239241 282540 4020048 140571911 100000 500000 100000
068341845
15070947 30657034 37028 250000 1000000 100000
289911109
649454012

17279522
240700
1070644
350960
1278996
5663
29810
441000
4038688
142503
35705798
88005
1904844
644411
50000
2590504
980991
302645
11262
TC 137605
619375
118589
12269
350000
195221
1699303
58052
478964
60178
257929
6519002
47241179
673184
2187469
171793
tl0065109
128051587
Total
Insurance
in force
1204000398
106330496
Ord 59057290
Ind 98642483
82761893
79978028
10796635
6484433
Ord 150776851
Ind 194309
413239004
21960284
2817970732
46773116
222815106
130004110
17343435
198097970
136485045
15828372
138239918
59204201
Ord 1642880
Ind 3114649
165340195
Ord 7594693
Ind 41183171
Ord 78355055
Ind 135833406
8238998
70646801
10071061
16813965
817054519
892264274
113440565
88252493
340417028
Ord 1419550
Ind 5650175
1415984749
2472651779
Insurance
issued in 1921
Paid for
Ord
Ind
197218133
30777923
17203491
45583427
15882696
18473751
Ord 532500
IndLH 8700598
2 564648
27210821
61765820
5614613
460033780
10751394
40222665
30458529
3362180
43282433
28986514
25129781
2381129
32446838
13672529
744048
2385088
40886800
3808343
46809715
12771411
17693441
2349996
10776161
3447939
1647085
132187583
690842301
483108317
12727139
89970087
1402800
5962050
167872149
332116624
INCOME
Total
Premium
Income
30874736
2190378
4901940
2703406
2792298
960314
166080
4318965
12579524
679766
99655589
1258943
8258244
3786257
545654
6900004
6990547
3818060
455793
4497073
1714267
162150
5349156
4771915
7088938
351027
2087763
193457
521275
24780361
245858940
2413348
10217437
178197
47027044
90309699
Total
Income
39661867
2826757
6145597
3277103
3411037
980756
1144604
5863486
17946857
908040
140612585
2344892
11013424
4650931
792118
9185844
9291538
4854497
713233
6014789
2 094733
729359
6186401
5040752
8884694
452948
3299061
288349
750270
33875310
301982699
3238870
12459993
189275
62288497
133388263
DISBURSEMENTS
Paid to
Policyholders
and Bene
ficiaries
18273666
985673
1123983
870074
1162182
418904
38682
1222038
9095596
174260
83678764
662343
4542786
1644573
165781
4460746
4740341
1523606
193243
1493867
566470
49723
1770688
1892440
1
Total
Disbursements
II
3052
8255
2065189
27740
356597
13142012
91348573
1568419
3296878
23714
29211023
95239239
26542090
2020218
3887918
1760298
2144109
976226
1088108
3097448
12777025
458845
116146545
1937819
7006874
3321622
408155
6763039
6577917
2998507
453604
3902333
1331327
728596
3505394
4573679
5257205
368114
3070230
223235
533801
19495782
171911361
2411755
7506180
130727
38023085
125775912
BUSINESS IN GEORGIA
Insurance in Force Insurance Issued 1921 Premiums Received Claims Paid lisses Incurred
21575651 1217413 Ord 3110240 Ind 10961594 1731448 4554067 493333 684000 5190852 582655 587303 31993 112727 337724 55549 331569 1000 35000 86900 12000 332080 1000 88000 92860 12000
615080 81605 17409 3000 5000
189000 2057492 34655 5591824 118000 2908940 49655 1087038 206753 1574 145081
101389 101806
26475 34475
7677133 80000 1193531 30500 6139458 228063 1653 700835 101760 101760
22473414 247354 295797
272010 6616839 6708470 33500 1971798 2353 3120 198565 122444 2000 45072 42358 2000 53072 43016
2333941 5341248 307000 1876000 69230 153888 12529 71849 12529 78964
1833987 123404 43798 19421 20801
4885936 446000 1200663 6000 1236512 102858 9947 173086 68887 67387
5599984 56413
4462395 Ord 120241 Ind 509007 10261614 896584 76000 773769 2528400 139528 2417 19796 342017 27000 750 6052 81891 39000 750 6379 94295
417000 2912787 8056915 12081842 1023599 249000 5793605 1679173 2749086 252654 12839 314933 214321 514564 42116 1000 23679 35000 100114 17500 1000 23960 35000 101584 19111
2410481 128857 3154569 21362824 39246829 41083602 2062783 15020621 48200 429496 48076 288813 3005550 9253868 10607486 323093 46090 48300 63925 3176 101734 712016 1119453 1548132 56663 393879 1368 69902 4060 35498 168593 S71920 435452 6198 157997 100 70124 4060 45091 172093 413527 440023 6198 157997 100
35064968 48776079 2784450 6846629 1054075 1738201 416947 717720 416947 722738
LIFE INSURANCE COMPANIESContinued
Financial Condition as of December 31 1921 and Total Business Transacted During the Year 1921
COMPANY AND LOCATION
National Life and Accident Nashville Tenn
National Life Ins Co Montpelier Vermont
National Life Ins Co of U S A Chicago 111
New England Mutual Boston Mass
New York Life New York N Y
North Carolina Mutual Durham N C
Northwestern Mutual Milwaukee Wis
Pacific Mutual Los Angeles Cal
PanAmerican Life New Orleans La
Penn Mutual Philadelphia Pa
Phoenix Mutual Hartford Conn
Provident Life Accident Chattanooga Tenn
Provident Life Trust Philadelphia Pa
Prudential Ins Co of America Newark N J
Reliance Life Pittsburgh Pa
Reserve Loan Life Indianapolis Ind
Security Life Trust Greensboro N C
Security Mutual Binghamton N Y
Southern Ins Co Nashville Tenn
Southern States Life Atlanta Ga
Standard Life Atlanta Ga
State Life Indianapolis Ind
State Mutual Life Assur Co Worcester Mass
Travelers Ins Co Hartford Conn
Union Central Cincinnati Ohio
United Life Accident Concord N H
Volunteer State Life Chattanooga Tenn
Life Business Only
Includes Accident and Health
Accident Health and Industrial
jContingency Reserve Fund
Admitted
Asssets
7167005
79756969
21468853
116208826
952632139
1517922
607085694
65199251
10000680
233985548
62687601
1110800
125747140
789508224
17949622
5752670
255971
12156129
519156
4161566
1554424
26221556
72219112
219005682
161681751
2168560
6218548
Liabilities
including Re
serves but
excluding
Capital and
Surplus
5796714
76013034
20235568
110967386
936671943
1408923
482249941
61983482
8507993
225893639
60351718
745417
119215593
756256562
16594445
5459335
80358
11638815
330328
4002801
1385666
24156556
68203748
201316777
153448799
1411843
Paidup
Capital
600000
500000
1500000
1000000
200000
2000000
2000000
1000000
100000
150000
145208
100000
125000
7500000
2500000
500000
Surplus
760291
3743935
733284
5241440
15960196
109000
24835754
1715769
492686
8091909
2335882
165383
4531548
31251662
355177
193336
25613
517314
43620
58765
43757
2065000
4015364
10188905
5732952
256720
Total
Insurance
in Force
10136800
333894264
136949716
609415082
3816098524
Ord 14551537
Ind 19212279
2350450298
390156043
87648741
1090757509
322725230
10654580
574723857
Ord 2513388316
Ind 315469254
218266038
50315351
4731950
69091109
16840303
37266499
20596871
150910511
338276595
Ind
1756489826
831872012
30616034
56129141
Insurance
Issued in
1921
Paid for
9159750
49453511
23838189
80498168
590119372
Ord 3756225
Ind 12483420
264439965
79357760
20444282
135478861
49951746
3087774
82921189
405908912
574402640
53763249
14589150
3152035
9694500
21262948
6211552
10046S29
25748768
41843048
312892443
107524397
16732383
10897432
INCOME
Total
Premium
Income
10576606
11467272
4161669
20042016
149106548
Ord 558968
Ind 837729
77522978
13278805
2895334
37703496
11105481
330819
20490279
187726376
7185300
1719038
141588
2361397
593330
1067552
878043
5132096
10781293
40751949
27412 583
764961
1511689
Total
Income
10950336
16080427
5137117
2616949
26857925
203531910
1632304
103520411
16923897
3557584
51018931
15054957
1619129
26690596
224839727
8608788
2058855
154160
3008306
681530
1318533
1056676
6600349
14696617
49591034
37523703
939921
1996488
DISBURSEMENTS
Paid to
Policyhold
ers and
Beneficiaries
4417238
8899903
1942038
10818629
124308409
D 324924
SA 205483
53910367
6319329
796338
26679055
6737429
115794
14078618
68970513
1768035
835428
4360
1354540
136034
431596
165767
2462675
6885499
14946355
17751594
259842
397548
Total
Disburse
ments
Life
Cas
9910662
12568288
3462698
2573888
15425917
161864765
1251233
69758294
10975824
2186326
35146497
10071412
1408711
19237152
125735842
5010981
1629639
127978
2223239
561262
857882
637108
4311994
9709267
27707819
26497490
674773
BUSINESS IN GEORGIA
Georgia Totals
Insurance
in Force
Ord 882000
Ind 4577310
14528125
4467908
16491274
64621954
Ord 1543690
Ind 5126730
30047417
8014683
4236439
49215871
5255135
308250
7083673
28577447
237783
6427354
1574317
Ord
Ind
2500
1910994
719511
16018744
4293060
9099589
4738551
16744591
39300959
650529
2884260
Insurance
Issued 1921
616500
4417387
1675798
694937
2724101
1499406
Ord 635654
Ind 3537945
2368500
1240834
643000
4121372
926279
148500
2693672
3519299
345967
1358836
300407
2500
193136
719511
2901183
2156407
1371045
556315
3513633
5377122
228500
722344
654139220
Premiums
Received
16565
669639
482503
139392
519939
2161368
Ord 48218
Ind 232317
856470
247840
110570
1389927
147403
5570
196101
754753
4189
192620
44215
84
71555
8252
441798
189419
181958
149478
384308
1201622
22127
74104
Clair
Pai
Ord
Ind
141112600
22643057
1000
278769
13X095
22175
157490
664147
28500
70211
407299
57371
41179
510431
44914
500
16000
326151
12
30301
16000
46644
879
115319
48840
72500
78206
139706
436436
7806
6400
7677647
Losses
Incurred
1000
280746
150148
23175
161490
701190
28500
71266
421796
61594
41179
575736
44914
500
16000
357716
12
47339
18000
52644
879
125819
50840
74500
78206
142194
444622
7806
8105148MISCELLANEOUS COMPANIES
Financial Condition as of December 31 1921 and Business Transacted During the Year 1921
COMPANY AND LOCATION
Aetna Casualty Surety Co Hartford Conn
Aetna Life Hartford Conn
American Casualty Co Reading Pa
American CreditIndemnity Co New York N Y
American Indemnity Co Galveston Tex
American Mutual Liab Co Boston Mass
American Natl Ins Co Galveston Tex
American ReInsurance Co Huntingdon Pa
American Surety Co New York N Y
111
Carolina Life Columbia S C
Cloverleaf Life Casualty Jacksonville
Columbia Casualty Co New York N Y
Columbian Nat Life Boston Mass
Commonwealth Casualty Co Philadelphia Pa
Continental Casualty Co Chicago 111
Employers Indemnity Corpn Kansas City Mo
Employers Liability Assur Corpn Boston Mass
Equitable Life Assur Society New York N Y
Federal Casualty Co Detroit Mich
Federal Life Chicago 111
Fidelity Casualty Co New York N Y
Fidelity Deposit Co of Md Baltimore Md
Fidelity Union Casualty Co Dallas Tex
General Accident Fire Life Philadelphia Pa
Georgia Casualty Co Macon Ga
Globe Indemnity Co New York N Y
Hartford Accid Indemnity Co Hartford Conn
Hartford Live Stock Ins Co Hartford Conn
Hartford Steam Boiler Inspection Co Hartford Conn
Indemnity Ins Co of N A Philadelphia Pa
Integrity Mutual Casualty Co Chicago 111
InterState Casualty Co Birmingham Ala
InterState Life Accident Co Chattanooga Tenn
Liberty Mutual Ins Co Boston Mass
Life Casualty Ins Co Nashville Tenn
Lloyds Plate Glass Ins Co New York N Y
London Guarantee Ace Co Ltd Chicago 111
Loyal Protective Ins Co Boston Mass
Lumbermens Mutual Cas Co Chicago 111
Lumber Mutual Casualty Co New York N Y
Admitted
Assets
Liabilities
Including Re
serves exclud
ing Capital
and Surplus
15468866
30423056
1437977
3011951
1839637
11711107
11672937
3072136
14904975
329925
636491
2782107
22061788
638446
8811390
3038054
30202022
309353
541736
5625824
26072177
13192008
782536
8433131
2270482
15131309
13592280
1374161
9633088
4021155
1805259
746583
289893
7436273
1952286
1738064
17465764
743622
1566895
1004889
Paidup
Capital
10386358
23489263
734789
1996412
839637
9476223
10102293
1790086
8161763
224263
406681
1447616
2620788
298237
6811390
2024877
24698904
1492958
123848
5213538
19083701
7776180
486771
6974251
1728299
12117166
10282729
479089
5213075
2460499
1505259
343501
127623
5993917
1257365
932930
15785620
397573
1202931
758539
2000000
5000000
500000
350000
600000
500000
750000
5000000
100000
200000
800000
1000000
300000
1000000
700000
Dep 250000
100000
200000
300000
2000000
3000000
200000
450000
300540
750000
1000000
500000
2000000
1000000
300000
150000
Dep
500000
250000
800000
100000
Surplus
INCOME
Total Net
Premiums
3072508
17279522
203188
665539
400000
2234883
1070644
532049
1743212
5663
29810
534490
440999
40209
1000000
313176
5253118
35705798
217889
112285
4988477
2415827
95765
1028879
241642
2264143
2390551
395072
2420013
560656
300000
103082
12269
1442356
195221
555134
880145
246049
363964
246349
Total Income
11771714
24066663
928331
1755196
586988
8628084
459190
1640805
6927039
795525
880781
1940331
443429
869422
9727150
2312877
22308469
1878917
433873
697555
17548162
8025176
428535
8528295
2414850
11850794
11353072
936802
2999104
3335903
2009900
800052
540009
5748861
3037559
1145719
13839106
973202
1734952
903303
DISBURSEMENTS
Net Losses
Paid
12774070
25282932
1009213
1920651
694672
9347608
15115469
1791738
7593447
980756
1144604
2223230
5863485
898945
10414957
2576843
24627302
1891736
485988
716838
18792833
10295754
446601
8825716
2541018
12446064
11786634
975932
3530853
3442540
2083799
890479
729359
6577752
5040752
1202063
14631614
1136464
1775528
934455
Total
Disbursements
6134432
10623562
428483
1029 293
506215
3615784
174996
605601
2094692
322235
333611
443335
230929
466303
4270144
1394958
11006837
659237
146020
331842
7669964
2358753
86649
3707012
1296277
4563783
4457712
622115
382424
476901
981461
570457
257949
2376028
1551845
384638
6881668
552480
577365
381698
13037866
24478553
974679
1941470
977376
9020234
3887918
1287381
7151766
976226
1088109
1232900
436197
960091
9483842
3077587
23365549
1653821
478850
652104
18651511
9151240
226416
7959819
2558007
10383433
9665464
1048489
3143180
1837465
2156397
1076971
728596
6321384
45 3679
1041426
14485099
1070684
1439947
770583
MISCELLANEOUS COMPANIESContinued
Financial Condition as of December 31 1921 and Business Transacted During the Year 1921
COMPANY AND LOCATION
Manufacturers Liability Ins Co Jersey City N J
Maryland Assurance Corpn Baltimore Md
Maryland Casualty Co Baltimore Md
Masonic Accident Ins Co Springfield Mass
Massachusetts Masonic Protective Assn Worcester Mass
Massachusetts Bonding Ins Co Boston Mass
Metropolitan Casualty Co New York N Y
Metropolitan Life New York N Y
National Casualty Co Detroit Mich
National Life Accid Ins Co Nashville Tenn
National Life Ins Co of U S A Chicago 111
National Relief Assur Co Philadelphia Pa
National Surety Co New York N Y
New Amsterdam Casualty Co New York N Y
New York Plate Glass Ins Co New York N Y
North American Ace Ins Co Chicago 111
Norwich Union Indemnity Co New York N Y
Ocean Accid Guarantee Corp Ltd New York N Y
Pacific Mutual Life Los Angeles Cal
Preferred Accident Ins Co New York N Y
Provident Life Accident Chattanooga Tenn
Reliance Life Pittsburgh Pa
Ridgley Protective Assn Worcester Mass
Royal Indemnity Co New York N Y
Standard Accident Ins Co Detroit Mich
Travelers Indemnity Co Hartford Conn
Travelers Ins Co Hartford Conn
Union Indemnity Co New Orleans La
United States Casualty Co New York N Y
TJ S Fidelity Guar Co Baltimore Md
Zurich General Ace Liab Ins Co Chicago 111
Admitted
Assets
2423707
733
29601126
359430
2337340
6982343
1322135
See
514639
See
See
173243
034409
274243
573822
099840
026504
19244843
4533437
7510147
1110800
17949622
645874
15653244
14231086
8790306
See
3894615
7362093
33572450
9210107
Liabilities
Including Re
serves exclud
ing Capital
and Surplus
1516856
29295
20705033
185033
1933499
477735B
888581
Life Report
160219
Life Report
Life Reports
301
1427111
657424
1020347
723712
938794
17871692
2520176
5810146
745417
16594445
303432
11286270
11206315
6255275
Life Report
2460365
5852056
23838309
7701698
Paidup
Capital
500000
3500000
100000
100000
1500000
200000
200000
100000
6000000
1250000
150000
200000
500000
750000
1500000
700000
200000
1000000
100000
1000000
1500000
1500000
1000000
500000
4500000
450000
Surplus
406851
5396093
74396
303841
704987
233550
154420
43067
5763247
450000
403475
176127
587710
623151
1715769
1000000
165383
355177
242442
3366975
1524771
1035031
434250
1010037
5234142
1058414
Total Net
Premiums
2168540
623
20536237
624936
3468712
6596364
1277700
677495
1108579
2563654
381291
13365648
6732880
1400365
1837578
1325259
14189164
3809802
4864307
1148901
389227
1057681
11373180
7879592
40074585
3150910
6246210
26310413
6909774
Total
Income
2300110
60743
23005655
714179
4128348
6926619
1316379
677506
1150612
2616949
423596
14454277
7366950
1543494
1927647
1543783
15025289
4057030
5104896
1619129
8608788
1234211
11884774
8246253
42214685
3415283
6554862
27593434
7243513
DISBURSEMENTS
Net Losses
Paid
1396098
43350
9843308
290726
1849039
3133828
387900
521162
415463
924215
146072
4268813
2889730
638767
709792
428977
7537421
1293333
2021305
476597
138715
559953
4593017
3486213
17477351
1107864
2644535
11217334
3229226
Total
Disbursements
2790732
61339
21873784
633371
3496513
6892981
1287007
714853
1090691
2573887
418185
11980091
6633225
1683197
1853161
1100415
14494546
3520233
4388225
1408711
5010981
1183292
9757534
9617849
7889474
41180335
3003648
5608411
24636338
6252029
Miscellaneous business only
Life business included
MISCELLANEOUS COMPANIES
GEORGIA BUSINESS 1921
Aetna Casualty and Surety Co
Aetna Life
American Casualty
American CreditIndemnity
American Indemnity
American Surety Co
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
American Mutual Liability Co
American National Insurance Co Vre
American ReInsurance Co Toss
Premiums
Losses
f Premiums
Losses
Carolina Life
Cloverleaf Life and Casualty Pl
Coumbia Casualty
Columbian National Life Premiums
Losses
Premiums
Losses
Continental Casualty Premiums
Commonwealth Casualty
Employers Indemnity Corporation Premiums
Losses
Employers Liability Assurance Corpn Premiums
Equitable Life Assur Society Premiums
Losses
Federal Life
Federal Casualty Premiums
Losses
Premiums
Losses
Fidelity and Casualty Co Premiums
Losses
Fidelity and Deposit Company of Maryland Premiums
Losses
Fidelity Union Casualty Co Premiums
Losses
General Accident Fire and Life Premiums
Losses
Premiums
Losses
Globe Indemnity Co Premiums
Losses
Georgia Casualty Co
Hartford Accident and Indemnity Co Premiums
Hartford Live Stock Insurance Co Premiums
Losses
Accident
14671
3385578
613431
730342
440958
5669465
923551
18320880
9773955
3476670
1364364
111609
Health
5828
1707432
844175
AccHealtb
5669465
3568698
Auto
Liability
Cr 4567
171440
2641295
2118810
11973 55
590930
955266
183825
Liability
j in
Auto
2077
1330362
1419022
90203
217376
55800
522905
648812
444558
20245
4236374
1350513
213273
43156
326603
731025
797985
100713
333534
128278 I
947993
360053
3339991
4573191
1425296
1681050
153783
368875
405729
76374
Industrial
AccHealth
AceHealth
98179
19072
261011
139907
AccHealth
62340
1417366
1050384
237524
111056
1336819
997040
AccHealth
4620396
2679557
1324478
101150
364470
1900
160267
10000
1529874
399900
1748281
1164732
1345181 700919 503641 83520 4934035 3858710
179673 41253 1281456 658791
292558 129313 1872184 279456
326235
483685
Physicans
Liability
217952
34325
2246322
1563850
2607666
1434925
5398
5000
81907
91550
3347894
1444449
705312
135565
312647
93576
Workmens
Compensation
3309301
787231
Fidelity
1168227
434896
6149370
1235928
1126800
162775
60031
14200
157650
6748
2380897
549364
1862533
219333
1853393
676095
484000
149563
7235297
2450534
2361913
357010
855722
151448
7823009
12998018
Surety
1229153
965464
6178073
3260200
719388
1163617
1347378
748612
5969970
837470
5820932
959272
542310
1684633
20843
Plate
Glass
411819
116545
482013
235028
306282
87971
37441
5284
232088
181841
1165699
359208
1380
946491
334005
629541
218758
465592
152492
Burglary
and
Theft
Credit
608293
481679
99744
40182
3041
10285
799056
236260
432502
379861
192339
141780
1741351
1227948
370719
301921
47465
306987
94710
213003
55167
684098
126477
1765183
173713
Sprinkler
266717
71287
Workmens
Collective
Steam
Boiler
43470
737540
Engine and
Fly Wheel
207504
114170
81213
Auto
Property
Damage
and
Collision
51480743
1396942
Property
Damage and
Collision
other than
Auto
792839
555145
410843
190498
156610
19725
834198
482926
127508
51148
99357
4300
955607
517176
1348992
729317
268590
78360
3113156
2211059
777291
499666
1248994
780231
7818
875
990
8382
6145
19856
5350
3480
7051
6365
10308
1756
23360
50
257
20000
1300122
1179184
TOTALS
Premiums
Received
5402924
123773968
33992496
1765183
i369L50
6853861
11338930
4750
i45920Sb
18320880
347667b
4491490
783916
444668
6303026
631380
8223806
2134804
333534
947993
19273518
12369724
1858791
4160941
200921184
7573978
9175918
1800122
Losses
Paid
3639128
5782669
1862243
173713
384608
1795138
4492249
9773955
1364864
1268080
788719
82585
2473429
64204
4202137
l0077J
128278
360053
12481997
4521393
681095
2784962
10399832
3500458
2578872
1179184MISCELLANEOUS COMPANIESContinued
GEORGIA BUSINESS 1921
Liberty Mutual Insurance Co
Life and Casualty Insurance Co
Lloyds Plate Glass Insurance Co
London Guarantee and Accident Insurance Co Limited
Loyal Protective Insurance Co
Lumbermens Mutual Casualty Co
Lumber Mutual Casualty Co
Manufacturers Liability Insurance Co
Maryland Assurance Corporation
Maryland Casualty Co
Masonic Accident Insurance Co
Masonic Protective Association
Now Massachusetts Protective Association
Massachusetts Bonding and Insurance Co
Metropolitan Casualty Co
Metropolitan Life
Hartford Steam Boiler Inspection Co Premiums
Indemnity Insurance Company of North America
Integrity Mutual Casualty Co
InterState Casualty Co
InterState Life and Accident Co
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
National Casualty Co Premiums
Losses
National Life and Accident Insurance Co Premiums
Losses
National Life Insurance Company of U S A Premiums
Losses
National Relief Assurance Co Premiums
Losses
National Surety Co Premiums
Losses
New Amsterdam Casualty Co Premiums
Losses
New York Plate Glass Insurance Co Premiums
Losses
70226
40278
2470
4881141
2053656 f
7918592
3343744
See Life
See Life
1570261
442073
206020
129340
See Life
See Life
3899507
3105187
2684469
1849804
6474210
6614712
2179009
1228574 I
2960
976622
383803
See Life
See Life
9724730
3888619
2611045
1048006
158980
16601
Health
265888
110704
2982
AccHealth
Weekly
AccHealth
Report
Report
1580069
684474
Report
Report
3001226
1513657
Ace Health
22980
31427
Report
Report
Ace Health
126083
35173
Auto
Liability
2466470
318950
1184883
1635
1736565
782260
41679
3230547
1401794
395383
64900
5022834
2292331
308465
62382
546311
264485
Liability
other than
Auto
104629
50000
2640
2912
2214953
984212
1853
10885487
6215646
3526
10000
64659
67925
Physicians
Liability
Workmens
Compensation
29547
537500
637162
64001
525956
333890
3485429
893342
1074883
312609
107650
59566
50725
11971471
2982862
528068
159518
Fidelity
276205
Surety
217212
593176
152446
350251
101469
7479322
14486512
1699352
1105893
593642
1720000
4492610
2147715
Plate
Glass
1015927
46279
36786
429377
309753
2144229
702779
666580
92210
489999
313580
271605
253801
866508
364754
Burglary
and
Theft
375626
78100
Credit
Sprinkler
Workmens
Collective
Steam
Boiler
Engine and
Fly Wheel
30807
1270
312288
15955
599505
529501
2192495
850506
166500
50990
228874
35660
7845
377686
75313
55935
677902
220011
156243
8200
5485
22200
996708
80500
100517
3170

Auto
Property
Damage
and
Collision
1270289
326613
405826
42669
917670
1038254
22029
1639425
986483
188632
60618
3760
3133518
2317166
199436
130592
389986
226440
Property
Damage and
Collision
other than
Auto
Live Stock
TOTALS
Premiums
Received
16733
1950
27205
26786
29547
1800
5306
i
3393035
7205104
2124757
2691081
12799733
67620
429377
14880579
206020
1708883
111410
52578
45579409
2684469
6474210
4457409
489999
25940
976622
9724730
2611045
12649834
2243735
866508
Losses
Paid
142963
1034925
378194
1820514
5397400
309753
5931674
129340
438187
59566
22083942
1849804
6614712
3376217
313580
31427
383803
3888619
i648o06
16854238
10374749
3647B4MISCELLANEOUS COMPANIESContinued
GEORGIA BUSINESS 1921
Accident Health Auto Liability Liability other than Auto Liability Workmens Compensation Fidelity Surety Plate Glass Burglary and Theft Credit Sprinkler Workmens Collective Steam Boiler Engine and Fly Wheel Auto Property Damage and Collision Property Damage and Collision other than Auto Live Stock TOTALS
Premiums Received Losses Paid
North American Accident Insurance Co Premiums Losses 2091970 695985 2691970
Norwich Union Indemnity Co Premiums Losses Ocean Accident and Guarantee Corporation Premiums 24914 783244 183165 2391629 1400699 611737 260807 7222491 3357263 f 461363 348036 382946 288289 571575 538812 4612585 1780591 195717 34965 9039993 3892772 43800 7500 1176753 549584 1454665 1038945 642 10000 14220 633850 434862 2364420 937077 145906 112043 Ace Health 588520 350857 266112 4035282 2108071 566816 758170 50064 4300 3004589 564639 359219 4675 6645307 1194484 90310 4995 1031549 270617 128358 135432 595043 356467 138970 16427 823200 340101 131394 64142 244773 22626 104408 27298 2363547 1675980 266896 74074 26955 21906 10069 1060340 20313684 695985 190920
Losses Losses 4756049 1730325 7225223
2337776
Provident Life and Accident Premiums Losses 7222491 1049883 382946 3357263
Losses 698893
Royal Indemnity Co Premiums Losses 300662 181446 1812289 1080506 16250 6250 2118474 929816 29000 15000 9354 01 639783 1086198 437590 1948115 269498 1102273 352996 793137 655507 73431 209000 V 2229711 362656 673252 93536 1150155 784356 910242 885959 358365 400298 227038 112509 1500000 30858 925501 350638 686292 503724 4724290 3175722 990 10035899 288289
Standard Accident Insurance Co Premiums 3600 8963722 5228356
Travelers Indemnity Co Premiums 918610 178778 2817618 1025483 590395 255030 791614 349827 74468 211260 10128962 48110874 4020353
Travelers Insurance Co Premiums 9820766 2874309 133181 7500 2268838 733244 9970869 3195972 228941 62500 63983873 25229961 5888146 4091819 65697 162434 95 4003401 2227 5237315
Losses
Union Indemnity Co Premiums 13368 39455 49328 6484 76168 7221 1311328 700276 2753326 1196301 94404 53962 33091459 20410524 36900 1800 9180 41835 495608
United States Casualty Co Premiums 1340649 1645205 6290360 1699565 11104760 5238350 221123 63743 1450863 516333 297499 256046 2824699 516461 37835 23492 280253 53537 5690933 2115117 1462868 391578 13851131 39021
United States Fidelity and Guarantee Co Premiums 5971823 4243629 11038657 2689252 6329281
Losses 47693695
423460 13500 36399474 21197700
Zurich General Accident and Liability Insurance Co Premiums 747447
Losses
136911203 61720354 32211330 17858599 29547 537500 89768200 24162684 33070375 38373755 34239001 10445909 15297084 5167119 16919099 7366932 2817257 513814 644403 246600 264910 319547 1329412 1299184 129962
487704962
237310473

INDUSTRIAL LIFE HEALTH AND ACCIDENT INSURANCE COMPANIES
Financial Condition as of December 31 1921 and Business Transacted During the Year 1921
Admitted Assets Liabilities including Reserves but excluding Capital and Surplus Paidup Capital Surplus INCOME DISBURSEMENTS Total Insurance in Force Paid for Issues in 1921 BUSINESS IN GEORGIA IN 1921
STOCK COMPANIES AND LOCATION Premiums Received Total Income Paid to Policyholders Total Disbursements Insurance in Force Insurance Issued 1921 Premiums Received Claims Paid Losses Incurred
243814 133879 52460 408512 165521 10043 12005 7365 24748 8783 9057 4919673 1615457 193610 91295 25990 209543 81701 9949 9482 3085 20363 8239 4577 1386307 599776 25000 25000 25000 26000 25000 25204 17585 1469 172969 58820 94 2523 4280 4387 544 4480 3533366 1015681 958792 606266 253106 2374060 723240 41008 92035 59381 259648 37242 31153 2289704 1165382 973442 611722 260461 2388652 742605 50024 93716 60946 262727 42595 31937 2528463 1242399 406141 281314 108810 1113250 365182 22868 39655 27771 127988 14630 13091 621880 463681 920103 597687 259077 2381241 723860 1 49114 93693 61174 260759 41253 31505 1639814 893760 9464493 3290331 1957220 2912090 6293499 3290331 1137830 2912090 676727 606266 253106 1205338 723240 Death 75485 Sick Ace 225210 D 40215 SA 242604 D 17432 SA 91427 D 94746 SA 484810 D 64989 SA 300192 75485 227632 41765 255189 18168 103234 96984 491577 66908


11127538 3886803 201783 Life 2592 6624000 2097368 292310 Life 1647 5710496 3886803 2829018 2097368 8976300


D 292867 SA 1344243 299310 1381619
19181129 3464677
MUTUAL COMPANIES 201783 2592 292310 1647 41101 92035 59381 259648 37242 31505 Total 1637110 D 3853 SA 19015 D 6916 SA 32739 D 4652 SA 23119 D 17920 SA 110069 D 1905 SA 12724 D 1810 SA 11281 1680929 4118
19161 7410
Fireside Mutual Atlanta Ga 36524 4652
Georgia Mutual Industrial Life and Health Augusta Ga Life 895077 128323 Life 14388 56457 895077 128323 14388 56457 23287 18564
Liberty Mutual Life and Health Savannah Ga 113843 2008
Peoples Health and Life Macon Ga 13767 1920
141895500 71156000 29175000 11235500 11404
1227775 364802 520912 D 37056 SA 208947 38672
ASSESSMENT COMPANIES OF OTHER STATES 69500 186000 255500 5000 1277 3020 217986
Total 246003 256658
Total Georgia Business of Industrial Life Health and Accident Insurance 5000 4297 D 329923 SA 1553190
20664404 9346102 3989886 337982

Total 1883113 1937587
ASSESSMENT FIRE COMPANIES
Showing Business Transacted in the State of Georgia During the Year 1921
NAME OF COMPANY AND LOCATION Admitted Assets Liabilities Surplus Premiums Received Total Income Total Disbursements Losses Paid Losses Incurred
54965 171348 7401 748809 No 431500 15338 781084 1151 573402 105902 38140 1050 54965 37338 7401 743989 421500 15338 227484 1151 468402 105902 24140 24965 300606 4448890 482056 1643500 383668 415679 165850 1213200 373234 203284 734875 54965 300606 4448890 498904 1643500 383668 862368 165850 1213200 431117 203284 734875
Bartow County Mutual Fire and Storm Adairsville Ga Farmers Cooperative Fire Insurance Co Jackson Ga Farmers Cooperative Insurance Association Rome Ga Farmers Fire Insurance Company of Oconee County Watkinsville Ga 134010 218950 4453230 453164 1525854 538666 1152140 166530 1134285 358747 206984 758225 134000 3980538 328367 1343500 503125 1001490 107877 565732 322374 41200 588878 257000 3980538
4820 Report 10000 328367 1353500
Farmers Mutual Insurance Association of Walker Co LaFayette Ga 503125
553600 1151490
160000
Georgia Farmers Fire Insurance Co Gainesville Ga Gordon County Mutual Fire and Storm Calhoun Ga Southern Cooperative Fire Insurance Co Macon Ga South Georgia Farmers Fire Insurance Co Thomasville Ga 105000 750732 322374
14000 36000 41200 624828
TOTALS 10389807 10941227 10965776 8917081 9473154

No Report
SOCIETY AND LOCATION
American Insurance Union Columbus Ohio
American Woodmen Supreme Camp Denver Colo
American Workmen Washington D C
Benefit Association of Railway Employees Chicago 111
Men Hur Supreme Tirbe Crawfordville Ind
Catholic Knights of America St Louis Mo
Columbian Circle Chicago Ilh
Columbian Mutual Life Assurance Society Jackson Miss
Fraternal Aid Union Lawrence Kans
Golden Cross United Order of Knoxville Tenn
Golden Seal Order Of Roxbury N Y
Grand Fraternity Philadelphia Pa
Heralds of Liberty Huntsville Ala
Knights of Columbus New Haven Conn
Knights of Pythias Indianapolis Ind
Maccabees The Detroit Mich
Masonic Mutual Life Association Washington D C
Masons Annuity Atlanta Ga
Modern Brotherhood of America Mason City Iowa
Modern Woodmen of America Rock Island 111
Mosaic Templars of America Little Rock Ark
National Union Assurance Society Toledo Ohio
Order Brith Abraham U S Grand Lodge New York N Y
Praetorians Modern Order of Dallas Texas
Railway Mail Association Portsmouth N H
Royal Arcanum Boston Mass
Royal Neighbors of America Rock Island
FRATERNAL BENEFIT SOCIETIES
Financial Ondition as of December 31 1921 and Business Transacted During the Year 1921
in
Juvenile Branch
Senior Branch
Security Benefit Association Topeka Kans
Travelers protective Association of America St Louis Mo
United American Mechanics Junior Order of Pittsburgh Pa
United Commercial Travelers of America Columbus Ohio
Womens Benefit Association of Maccabees Port Huron Mich
Womens Catholic Order of Foresters Chicago 111
Woodmen Circle Supreme Forest
Woodmen of the World Sovereign Camp Omaha Neb
Workmens Circle New York N Y
Admitted
Assets
1319747
835053
180809
657436
3291866
1096779
583878
2085232
4110926
156098
897840
616686
131219
14003313
13895525
20677916
4532698
996511
5536137
28234936
665905
3317848
165377
3552030
183039
11632054
25496
9693544
2522319
818897
1070641
1621319
16198228
4621500
10740520
48964278
1958761
Man
Liabilities
226728
20856
1952
I
9i9
1 192
59494
183417
2033811
2449690
5721235
4296533
716977
297716
2325515
82019
273829
30934
Actuarial Ratio of
Assets to Liabilities
3 classes
2 classes
Per Cent
10618
10513
10054
109
97455
17122
10054
10252
10236
100
I 10415
8224
1117
90
697
13014
110
I 684
1157
103
Ctf Rerated 82S75
Dtf nonrerated 11571
5604
8012
INCOME
Steprate class
Level Rate class
786
1062
9629
I 16016
3 classes 10006
I 6278
Accident Bene
fits Only
9856
13894
7213
Accident Bene
fits Only
Accident Bene
fit Only
387
10051
10018
10284
1012
11162
From
Members
2252485
487460
157108
1039002
1699776
469644
722673
804384
3479344
431434
230575
276374
392649
3800231
2856389
7825629
2600636
301523
1236020
24652768
425097
3272944
335116
1041578
150870
6367580
38306
6149831
3938823
827444
477160
1285139
3345899
1541890
2756125
14272472
1034567
From all
Sources
2390404
536143
164653
1054363
1869288
522853
820930
933228
3632260
436703
325976
338135
395624
4469562
3522761
8657513
2807474
360269
1551752
25772244
448191
3364625
350527
1281345
1583S1
6837024
38553
6497560
4045394
866440
527388
1381878
3990482
1757149
3259181
16959490
1179308
DISBURSEMENTS
To Members
1545196
131887
25048
435381
899276
400306
603435
394928
1973377
361743
111184
132631
234404
1217933
1774916
5975203
412433
263233
793907
16741450
320367
2044613
298851
454774
111297
4621349
7405
2641566
2764129
622517
140978
911092
1677138
1104557
1238468
8080343
285607
Total
Disbursements
2147706
344428
124990
860735
1270959
495473
892298
717746
417961
217347
288052
695985
2056585
2366908
7741031
1604837
407995
1006863
19170544
450216
2832521
336659
825837
128890
5029778
22957
3285539
3764455
775679
257877
1198422
2525108
1287190
2056965
11237829
744858
Total
Amount of
Certificates
in Force
111113967
24678700
2395900
2883000
72740730
19118538
25930112
31003331
85236567
13619375
12396140
12748854
236613862
112148943
Certificates
Issued Dur
ing Year
327229182
101222295
2304700
57274451
1612347500
39994500
63899580
8642500
44705742
64952000
211289834
4222590
394407250
277020271
502020000
29128000
520680000
184773884
78940200
142850435
693071171
22136600
15830892
11987950
460350
864000
9449415
698500
1775000
65985
6934277
854000
4985550
1767469
1235500
32118000
13336500
15268500
42448000
671900
3982500
89874000
3623700
1126646
136750
12676560
11316000
6154500
1560050
23949500
32908500
100670000
7293000
64035000
27560350
3704750
9469500
34978000
2746000
Georgia Totals
BUSINESS IN GEORGIA IN 1921
Certificates
in Force
123121
84500
1779900
683100
32500
550500
244394
10000
1426275
1188224
21750
258250
187515
206500
495850
4149982
1416000
1595500
1000400
151500
5692500
1339200
1206770
12000
1204290
7724000
3355751
46500
54500
Written in
1921
15850000
488000
4910000
577950
2933232
26155740
75100
81108173
733650
69900
500
178147
3000
50000
75000
45000
79431
2500
31000
375500
164000
1411750
242300
3000
577500
104100
Premiums
Received from
Members
1000
1696750
360000
27500
8250
1000
3165000
42500
350000
138500
555000
2886850
8700
13387328
1293
38201
30050
10869
9438
6865
31202
48153
407
6110
4736
4550
B 938
102355
22171
24949
141323
2477
93840
11930
68308
2438
25516
4207
122004
1095
1082
34277
9150
11570
10344
Claims
Paid
53817
554663
2250
1500478
10510
7545
9100
2500
4023
23503
23525
3081
1000
7000
48855
17638
7500
11400
1000
56000
8500
29000
500
S500
3633
132122
500
11755
5950
10719
1505
Claims
Reported
26239
5626
1438
486167
20663
7852
9845
4500
5000
33003
27432
4060
1000
9500
7000
62249
17938
7500
11400
1000
67500
12900
33000
854
10500
3633
137872
500
21587
11200
25258
2500
30653
7976
1642
597517
Fraternal Societies report under a socalled Solvency Ratio tabulated as above but which affords no indication of the legal solvency of the society under the law which stipulates that a fraternal society shall e held to be legally solvent so long as the funds in its
possession are equal to or in excess of its matured liabilities The Solvency Ratio is derived by taking the present value of promised benefits and setting aside such sum as a reserve for payment of such benefits If the ratio is below 100 per cent the probability is that
rates must be increased in the future to enable payment in full of certificate obligations If above 100 per cent it is an indication that present rates are adequate with proper management to meet all certificate obligations
This company since February 4 1922 has refrained from writing new business operating under the care of temporary receivers pending decision of the Supreme Court of Georgia on appeal as to the right of the company to cease payment to beneficiaries under Class B
inadequate rate certificates Pending such decision no valuation was required by Insurance Department1I

UNIVERSITY
OF GEORGIA UBWffif
210a 05424 215b