Report of the Insurance Department of the Comptroller-General's Office for the Year Ending December 31, 1922

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Collection:: Georgia Government Publications
Serial:: Report of the Insurance Department of the Comptroller-General's Office for the year ending ...
Title:: Report of the Insurance Department of the Comptroller-General's Office for the Year Ending December 31, 1922
Creator:: Georgia. Insurance Department
Publisher:: Atlanta : Franklin Print. and Pub. Co.
Date of Original:: 1922
Subject:: Insurance--Georgia--Statistics
Location:: United States, Georgia, 32.75042, -83.50018
Medium:: state government records
annual reports
Type:: Text
Format:: application/pdf
Description:: Began with 1897/98.
Imprint varies.
Title varies slightly.
Report year irregular.
Publication suspended 1931-1940/41?
Report year ends Dec. 31.
Reports for 1883/84-1896/97 and 1941/42- included in the Report of the Comptroller-General.
Description based on: 1904.
Latest issue consulted: 1930.
External Identifiers:: Call Number GA C720 .A1 1922
Metadata URL:: https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-bc720-b-pa1-b1922
Digital Object URL:: https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-bc720-b-pa1-b1922
Language:: eng
Holding Institution:: University of Georgia. Map and Government Information Library
Rights:

RE P O R T
OF THE
INSURANCE DEPARTMENT
OF THE
STATE OF GEORGIA
FOR THE
YEAR ENDING DECEMBER 31
1922
xy
2762
UBHfttfiS
Byrd Printing Co Atlanta
iI
REPORT
OF THE
I
INSURANCE DEPARTMENT
OF THE
STATE OF GEORGIA
FOR THE
YEAR ENDING DECEMBER 31
1922
Byrd Printing Co Atlanta
INSURANCE DEPARTMENT OF THE STATE OF
GEORGIA
Atlanta Georgia January 1 1923
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 Insur
ance Department for the year ending December 31 1922
The report given shows the results of the operations of the
several insurance companies associations and fraternal socie
ties licensed to transact business in this State and their finan
cial condition at the close of the year In the preparation of
this report I have followed the plan adopted last year con
densing the compilation as much as possible and yet including
all important data concerning the business transacted and the
financial condition of each company The information is
clearly set forth in a convenient manner but if among those
persons or insurance companies finding use for the report
there are some who need more detailed information than is
here given this may be had very quickly by inquiry of the
Department

VOLUME OF BUSINESS
In former reports attention has been called to the steady
growth of the insurance business in the State of Georgia The
year 1920 still holds the record for volume of premiums col
lected but the year 1922 is very nearly equal to it in most
respects and surpasses it in some There is a steady and re
markable development in amount of life insurance written
upon citizens of Georgia This branch of the insurance busi
ness largely surpassed in 1922 all records of previous years and
yet with a decided decrease in the amount of death claims and
other policy obligations incurred The casualty group shows
smaller amounts both of premiums collected and losses paid
than in 1921 Special attention was directed last year to thew
results shown in the report of fire and marine insurance for
1921 during which year there was shown to he nearly 3000
000 less premium income on Georgia business than in 1920
but with losses almost double those of 1920 the ratio of losses
reported in 1921 being 10853 of the total premium income
It is a pleasure to report that during 1922 with an increase in
premium income paid by Georgia citizens of over 267000 the
losses have diminished from 13567260 in 1921 to 7890803
in 1922 showing a loss ratio to premium income of 6177 as
against a ratio of 10853 in 1921 This is indeed encourag
ing and inasmuch as fire losses throughout the country inevit
ably run parallel with business conditionsadversely affected
by business depression and lessened by business prosperity
the results here shown may very safely be taken as a sure indi
cation of decidedly better business conditions throughout the
State There is still considerable room for improvement how
ever in the matter of prevention or lessening of fire losses
There is a tremendous waste of property that could otherwise
be saved to the citizens of the State and it would be well I be
lieve to consider ways and means of diminishing such waste
The tables following summarize the business of the three
larger groups of companies reporting to this Department and
make comparison of volume over a series of years No com
parative tables have been made up in connection with the
smaller groups of companies industrial life and health as
sessment fire and fraternal societies but the financial state
ments submitted by these organizations and the examinations
made by this Department show fair development where the
companies are properly managedSTATISTICAL REPORT
Showing Business Transacted by Insurance Companies Licens
ed to Operate in the State of Georgia During the Year End
ing December 31 1922 Also Financial Condition of Such
Companies on December 31 1922 as Shown by Companies
Reports on Pile with the Insurance Department of the State
of Georgia
COMPARATIVE TABLE OP PREMIUMS LOSSES AND
INSURANCE IN FORCE FOR THE YEARS STATED
BUSINESS IN GEORGIA
FIRE MARINE and INLAND and TORNADO
COMPANIES
Year Premiums Collected Losses Incurred
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
1922 12774991 7890803
Losses Paid in 1922 9129831LIFE 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
1922 23760651 740597811
Claims Paid in 1922 8527093
MISCELLANEOUS COMPANIES
Year Premiums Collected Losses Paid
14333
832971
827347
1517844
83227a
971756
1262424
1867054
2070874
2373105
2104260
The foregoing do not include assessment industrial and fra
ternal organizations
1903 122957
1913 1653515
1914 1639581
1915 2430287
1916 1893341
1917 3073238
1918 3124705
1919 4914904
1920 4921820
1921 4877050
1922 4752262
COMPANIES LICENSED
During the year 1922 classes and numbers of companies
licensed to transact business in the State of Georgia were as fol
lows

Fire Marine and Inland and Tornado152
Life Legal Reserve 63
Miscellaneous Casualty Surety etc 74
Assessment Life and Accident 2
Local Industrial Life Health and Accident11
Local Assessment Fire 15
Fraternal Societies35
Total 352
Deduct number of Life Companies reporting mis
cellaneous business16
Net336
ADMISSIONS IN 1922
Fire and Marine Companies
Bankers Fire Insurance Co Durham N C
Carolina Mutual Insurance Co Charleston S C
National Security Fire Insurance Co Omaha Neb
Richmond Insurance Co West New Brighton N Y
Miscellaneous
Home Life and Accident Insurance Co Little Rock Ark
Phoenix Indemnity Company New York N Y
InterOcean Casualty Company Cincinnati Ohio
Southern Surety Company Des Moines Iowa
Local Assessment Fire
Planters Peoples Mutual Fire Association Statesboro
GeorgiaWITHDRAWALS IN 1922

Local Industrial Life and Health
Fireside Mutual Insurance Co Atlanta Ga Reinsured
with Interstate Life Accident Co Chattanooga Tenn
Fire and Marine Companies
Great Southern Fire Insurance Co Atlanta Ga Rein
sured with Bankers Fire Insurance Co Durham N C
Miscellaneous
Manufacturers Liability Insurance Co Jersey City N J
Fraternals
Masons Annuity Atlanta Ga Receivers appointed by
Court February 2 1922

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 in
surance companies organized under the laws of Georgia
special examiners appointed by the Department and reporting
under oath to the Insurance Commissioner the financial condi
tion of the companies examined with recommendations for
consideration have examined and reported upon the following
companies during the year 1922
Life
American Insurance Company Savannah Ga
Georgia Mutual Industrial Life Health Ins Co Augus
ta Ga
Guaranty Mutual Life Health Ins Co Savannah Ga
Liberty Mutual Life Health Ins Co Savannah Ga
Pilgrim Health Life Ins Co Augusta Ga
Miscellaneous
Georgia Casualty Company Macon Ga
Fire
Great Southern Fire Insurance Co Atlanta Ga
8FIRE INSPECTOR
Your attention has been called heretofore to the valuable
and untiring work of the State Fire Inspector in connection
with the investigation of suspicious fires A comparative
statement covering the past eight years will serve to show
somewhat the scope of his work and its increasing importance
as well as its enlarged volume
1915 Suspicious fires investigated101
1916 n n 85
1917 n ii 43
1918 It ii 34
1919 it ii 32
1920 ii ii 20
1921 ii ii 63
1922 ii ii 71
According to the report of the Fire Inspector on file with
this Department and briefly summarized herewith these 71
fires investigated resulted in prosecution with the following
results
32 Indictments returned for arson
Persons Cases
Convictions12 7
Acquittals 3 3
Cases pending13 g
Arrests made no indictments resulting 4 3
Warrants issued no apprehensions to date 2 2
Investigations now in hands of Grand Jury None
Investigations where no cases were made 48
Total Investigations 71
Report of the Fire Inspector followsAtlanta Ga January 1 1923
Hon Wm A Wright
Insurance Commissioner
Atlanta Georgia
My dear Sir
I have the honor to submit to you condensed report of my
investigations as State Fire Inspector for the year 1922
During that year investigations were made in connection
with seventyone fires reported to this Department as being of
suspicious origin Full reports of these investigations are now
in your hands and a brief summary thereof is attached
The work of the office continues to increase The number of
investigations mentioned do not by any means represent the
number of calls received by the office but since an assistant was
given me in September 1922 we have been able to cover more
fully the calls for investigations It is yet however physically
impossible to meet all demands Each investigation consumes
a great deal of time if they are to be made worth while and the
preparation of cases for court and the attendance at court
trials of the eases presented keep this office very active
I append herewith a summary of the results of the investiga
tions of myself and of my assistant
32 Indictments returned in 20 cases
Cases Persons
Convictions of Arson 7 12
Acquittals of Arson 3 3
Arson cases pending 8 13
Arrests made no indictments 3 4
Warrants issued no apprehension to date 2 2
Investigations in hands of Grand Jury None
Investigations where no cases were made 48
Total number of investigations
10
71Places visited and investigations made are summarized as
follows
riace Date of Investigatio
Fire Report
Sale City 11121 1322
Griffin 12821 11222
Dublin 122121 11822
Chester 91121 11822
DuPont 111621 12422
Adrian near 32121 12422
Statesboro 71621 12422
Aline 9 721 12622
Carrollton 102121 12622
Dixie 101621 12722
Columbus 12 821 13122
Dublin 92921 10202 2 322
Cuthbert near 121321 2 621
Columbus 82521 2 622
Atlanta 112821 21622
Atlanta 121321 21622
Atlanta 12022 21822
Cartersville near 2 922 22822
DeKalb County 21622 3 322
Wrightsville 1021 3 422
Atlanta 12 221 31022
Savannah 31821 32222
Augusta 11322 11422 4 522
Nicholson 22022 41022
Augusta 31822 41122
TyTy 21722 42522
11
Place Date of Investigation
Fire Report
Colquitt 31522 42522
Moultrie 12222 42822
Moultrie 11322 42822
Pelham 2 922 5 222
Newnan 4 322 51522
Rome 3 222 51822
Armuchee 4 522 51922
Griffin 4 122 52222
Jesup 32322 52422
Bowdon 51922 6 622
Macon near 21822 6 722
Augusta 41822 61222
Augusta 42222 61322
Augusta near 3 922 61622
Norcross near 5 922 62222
Cave Spring 122020 62322
Newnan 61522 62722
Columbus 41522 62922
Everett Springs 6 7 822
Augusta 7 622 71922
Augusta 7 822 72022
Norwood 31722 72822
Woolsey 6 722 82522
Wesley 2 722 9 722
Alamo 41222 9 722
Lumber City 61422 9 922
McRae 3 9 922
Sparta 41822 91522
Chickamauga 71821 101021
Swainsboro 72722 101022
Moultrie 11 522 111822
Hilton 5 722 112122
Brooks County 7 522 112222
Moultrie 111222 112422
LaGrange 31722 112722
Decatur County 33022 112722
12

Atlanta 10 122 12 122
Bast Point 62922 12 122
Collins
Milan
Macon
Dawsonville
Savannah
Flovilla
Dallas
10 122 12 122
62922 12 122
51322 12 222
5 722 12 222
111722 121322
5 121822
112522 122622
111622 122622
10 122 122622
All of the foregoing cases were brought to our attention by
reason of strong suspicion of arson directed against some indi
vidual or individuals in each instance Thorough investigation
was made in each case in some instances as much time as two
or three weeks being devoted to running down the various lines
of evidence or suspicion Where the facts warranted it each
matter was laid before the Solicitor General of the district and
he advised as to whether or not the evidence was of sufficient
value to be presented to the Grand Jury In many cases not
sufficient evidence to warrant prosecution could be found even
where there had been much cause for suspicion and these cases
togetherwith other cases where suspicion had been misdirected
were dropped
The cases in which prosecution followed investigation are
given below together with the outcome of each
Griffin One arrest and indictment trial pending
Dublin Two arrestsGrand Jury returned no bill
Statesboro Two indictments cases nol prossed for cause
so far not recorded
Carrollton Eight negroes arrested and indicted for arson
and burglary Two convicted of arson two of burglary four
indictments nol prossed for lack of evidence of connection with
crime
13Atlanta Fire insurance adjuster for the assured indicted
for attempt to cheat and swindle Convicted and fined and
sentenced to chaingang Case against assured and his clerk
still in hands of Solicitor General
Atlanta Man indicted with adjuster in previous case In
this case also the above mentioned adjuster was convicted and
sentence of fine or twelve months on chaingang imposed Case
against his associate not yet decided
Atlanta Arrest and indictment for arson but acquitted by
trial jury
Colquitt County Two brothers arrested and indicted for
larceny and arson One tried for larceny and sentenced to
twelve months on chaingang Arson case pending Charge of
larceny and arson pending in other case
v Moultrie Arrest and indictment for arson trial upon com
pletion of sentence for another crime committed by this individ
ual
Augusta Arrest and indictment for arson Acquitted by
trial jury
Augusta Arrest and indictment for arson acquitted by
trial jury
Norwood Arrest on warrant for arson bound over to Grand
Jury at committal Grand Jury returned no bill
Woolsey Two persons indicted by Grand Jury for arson
Not yet tried
Lumber City Assured and other persons indicted by Grand
Jury for arson Case has not yet come to trial
Sparta Indictment drawn against the property owner and
a negro Arson charged No bill was returned against
property owner but negro was indicted pleaded guilty and
sentenced to one year on chaingang
14
Quitman Assured wife and three other persons indicted for
arson two pleading guilty sentenced to from three to seven
years One person now fugitive from justice and the other
case pending
Dawsonville Evidence presented to Grand Jury which re
turned no bill
Macon Husband of assured indicted and convicted for ar
son sentenced ten to twelve years
Flovilla Case now ready to be presented to Grand Jury
Dallas One indictment for arson Case not yet tried
Haralson County This case brought over from 1921 Evi
dence presented at trial resulted in conviction and a sentence of
five years
Sandersville This case mentioned in 1921 report One per
son was tried in 1921 and acquitted Five other persons in
cluded in indictments returned by the Grand Jury were nol
prossed by Solicitor General

Center Two cases held over from 1921 and reported during
that year are still pending in court the accused both being a
fugitive from justice
Tifton As shown in 1921 report nine indictments were ob
tained in three closely connected cases In one case we re
ported confession as being followed by acquittal The remain
ing eight cases then pending have not yet been brought to trial
by the Solicitor General of that district and we have so far been
unable to get action thru his office
COMMENTS
In the report of the preceding year mention was made of the
difficulty of obtaining convictions in the cases brought to trial
the reasons then stated being those given me by prosecuting at
15
Ill
torneys and jurors who gave their impression that the existing
arson laws provide too severe sentence following conviction of
arson the average jury in the country districts particularly
being unwilling to bring in a verdict upon which such a heavy
sentence can be imposed
During my investigations of 1922 I have met many other at
torneys and jurors who have the same opinion expressing their
belief that a less drastic law say one providing for a penalty of
from one to five years would be equally effective and I respect
fully repeat my suggestion for the adoption of the Model Ar
son Law of the Fire Marshals Association of North America
with such modifications as may fit conditions in the State of
Georgia
As stated last year I do not believe that the State of Georgia
should be without a law on its statute books whereby a person
can be punished for setting fire to his own property of whatever
nature outside of corporate limits Just now there is no
such law and provided a person does not damage or endanger
the property of others he cannot be prosecuted for setting fire
to his own property regardless of whether or not it is done with
intent to defraud the insurance companies carrying the fire in
surance upon such property The absence of such a law makes
it extremely difficult to follow up such a case with the idea
either of punishment or of deterring others from similar acts
The result of this years work is encouraging As I go a
bout the State in the conduct of my duty I find a greater in
terest being taken in the work for which this office was
created Solicitors General are more ready than before to help
many of them realizing keenly the importance of the work in
which this office is engaged I find also that the public is be
coming more educated to the ideas of fire prevention that we
are striving to impress upon them and as our work becomes
better known to the citizens of Georgia we look forward con
fidently to greater cooperation on the part of the public
both in the attempt to discourage fire waste and in the effort
to bring to punishment those who disregard the property rights
of others by the attempt to burn
16The help given me during the latter part of 1922 by the
appointment of an assistant has been most valuable in further
ing the conduct of my work and in expediting the investiga
tions A glance over the summary heretofore given will re
veal considerable delay in the earlier part of the year in reach
ing the scene of a fire in order to conduct investigation Up to
the time of the appointment of my assistant it was physically
impossible many times to reach the scene of a fire with suffi
cient promptness to be of much service in ascertaining the
cause and those responsible The dividing up of the work how
ever has rendered it possible to respond more promptly to
calls and with so many old cases now out of the way we shall
be able to render more effective service hereafter
The foregoing is presented for your information and the
suggestions for such action as you deem wise
Respectfully submitted
J ALBERT SHARP
State Fire Inspector
The additional help requested last year to assist the Fire In
spector in a more prompt investigation of suspicious fires has
resulted iu a decided improvement in the handling of this
phase of the work By authority of the Legislature an assist
ant fire inspector was engaged and put to work early in Sep
tember 1922 and while there are so many calls as to keep
both the State Inspector and his assistant well occupied all
the time they are able to answer more promptly the demands
for investigation where their services are required
As mentioned in previous reports the law providing for the
appointment of fire inspectors defines their duty to be that of
making investigation after a fire occurs I again 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 enormous losses just as both now pay the pen
17
alty incident to the present experience I believe it would be
well to grant the fire inspector and any assistants he might be
given authority to go upon any premises for the purpose of
examination 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 au
thorities any violation of such laws ordinances or regulations
recommending to the owners of properties examined the adop
tion of such precautionary measures as will diminish the risk of
fire and thus better not only their own condition but also de
crease the hazard to adjoining property Measures 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 regulations exist the State
should require the adoption of some standard of safety and its
enforcement The required investigations of suspicious fires
and the prosecution of those guilty of arson are right and
proper and should be most vigorously conducted but the pre
vention of fires or the lessening of losses is of far more im
portance to the State and its people and proper means taken
to bring these about will most certainly be worth while to all
I
18
REVENUE RECEIVED FROM INSURANCE COMPANIES
The following statement is submitted showing the revenue
collected thru the Insurance Department from companies
licensed by the Department to transact business in Georgia as
well as the expense of maintenance of the Department for the
year ending December 311922 This amount of revenue shown
does not include collections for the fire inspectors fund pro
vided by statute for the maintenance of that Division of the de
partmental activities This fund is separately handled exclu
sively to maintain the fire inspection service
REVENUE COLLECTED
License fees for companies and agents 5683300
Tax on premium income of the companies on
Georgia business 1 12 per cent of gross collec
tions except where otherwise provided by law 59204972
Total Revenue64888272
DEPARTMENTAL EXPENDITURES
Furnishings and supplies 24680
Postage 24000
Telegrams 1478
Printing and Stationery including
54228 for printing annual re
port of 1921 business 66373
Advertising 200
Salaries 1040000
Total Expenses 1156731
Net Revenue to State of Georgia63731541
Ratio of total cost of maintenance of Insurance
Department to total revenue178 per cent
19
CONDITION OF STATE FIRE INSPECTORS FUND
Cash in bank January 1 1922 691710
Cash in hands of Fire Inspector 4473
696183
Special Tax levied in 1922 on Fire Insurance
Companies1193020
Interest on Savings Account 14768
1903971
Disbursements
Salary Fire Inspectors336667
Traveling and incidental expenses494183
Legal and other expenses 22400
In hands of Fire Inspector 10290 863540
Cash balance December 31 19221040431
In the matter of revenue from insurance companies there
is approximately 20000 withheld by eleven different com
panies pending decision of the Court in a suit brought by one
of them to determine the extent of the exemption or deduction
allowed by law If the State is sustained this amount with ac
crued interest will of course be collected

Attention is directed to the very nominal amount of funds
expended for the maintenance of the Insurance Department
As a matter of information I looked into the reports of more
than onefourth of the Insurace Departments of the United
States with no attempt at selection but taking the States at
random and in no instance was I able to find any Department
20where percentage of expense of operation to revenue collected
for the State could in any way approach the Insurance De
partment of the State of Georgia on the basis of economical
administration This Department during all the years of its
existence has been actuated solely by the desire to render good
serviceadequate protection to the citizens of Georgia and
proper prompt and intelligent service to those insurance com
panies placing themselves under its supervision The same
spirit will continue to actuate it as long as I am permitted to
hold office Such close economy of administration however
has tremendous drawbacks and renders good service difficult
to obtain and more difficult to maintain This is especially
true in connection with the item of salary to my deputy and
a time and condition have been reached when attention must
be given this particular matter Reference to the law creat
ing the Insurance Department in the year 1912 and the author
ization of the appointment of a Deputy Insurance Commisioner
will show that the salary then allowed 3000 per annum has
not since been increased notwithstanding the enormous in
crease in living costs since that period and the further fact
that within that same period wages salaries and incomes of
almost every class of worker have generally much more than
doubled This is particularly so with relation to the only
class qualified by education and experience to fill adequately
and acceptably the office of deputy insurance commisioner of
the State of Georgia I have always had difficulty in secur
ing the services of a competent deputy for the salary allowed
under the laws of the State such difficulty increasing as the
years have gone by and invariably my deputies have gone
elsewhere after a more or less brief term of service to receive
higher and more adequate compensation I am frank to say
that in my opinion my present deputy Lewis A Irons is the
most capable man that has filled that office since the Insurance
Department was organized His experience and personality
most admirably qualify him for the office and it is the gen
erally expressed opinion in insurance circles by company of
ficials and representatives and such of the public as have
come in contact with this work that the State of Georgia is
indeed fortunate in his appointment In this I most sincerely
21concur but I am confronted with the knowledge of the fact
that unless his salary is without delay made more nearly com
mensurate with the quality of his service it will not be pos
sible to keep him and the State will be the loser It is only
at my earnest solicitation that he has consented until now to
remain with the Department and this solicitation on my part
was made in the hope that ihe Legislature at its coming ses
sion would see fit to allow an adequate increase in salary in
his behalf I am certain that nothing less than a salary of
4500 will suffice and it is my earnest recommendation that
this sum or as much more as the Legislature sees fit to allow
be appropriated for this purpose It might not be out of place
here to say that by reason of a change of style adopted in the
publication of the annual report of the Insurance Department
my deputy last year saved the State an expense of 4000
with a similar saving this year and continuously as long as
this form of report may continue to be used

22
COMPANIES 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 Commissioner
March 16 1916 the policies then in force with the exception
of a few held by dissenters were reinsured by the Inter
national 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 re
serve upon any policy The largest asset of the company its
home office building in Atlanta known as the Flatiron Build
ing was sold by me as previously reported and the proceeds
of this and other assets of the company now on deposit at
interest with interest payable semiannually will be ready for
distribution upon Court order after the expiration of the seven
year period from the time of the taking over of the companys
affairs The question of priority of creditors will be decided
by the Court and the Supreme 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 re
alized 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
23Atlanta Ga February 21 1923
Honorable William A Wright
Insurance Commisioner State of Georgia
Atlanta Georgia
Dear Sir
Acting in accordance with your instructions we have made
an auditing examination of the books records and transactions
of the Empire Life Insurance Company Atlanta Georgia in
liquidation for the calendar year 1922 and present our report
herewith
STATEMMENT OF INCOME AND DISBURSEMENTS
JANUARY 1st TO DECEMBER 31 1922
1 Amount of Ledger Assets Book Value
as per balance December 31 192155633274
Income
2 Interest on bonds 2125
3 Interest on purchase money
notes 100000
4 Interest on certificates of deposit
and savings deposits 1095747
5 Total income items 2 to 4 inclusive 1197872
6 Sum of items 1 and 556831146
Disbursements
7 Settlement of claim by order
W D Ellis Judge S C Atlanta
Circuit250000
8 TaxesCity of Atlanta and De
Kalb County 771099
9 Actuarial and Auditing611735
10 Advertising Legal Notices 11790
11 Rent of Office 42000
12 RentSafe Deposit Box 300
13 Miscellaneous Expenses 157
14 Total Disbursements items 7 to 13 in
clusive 1687081
15 Balance item 6 less item 1455144065
24STATEMENT OF BOOK ASSETS AND LIABILITIES AS
OF DECEMBERR 31 1922
Assets
46190
58059
Cash items on hand doubtful of realization
Cash in banks
Cash in banks not on interest 803840
Cash in banks on interest10347518
Certificates of Deposit on interest 16533138 27684496
Certificates of Deposit doubtful of
realization 202000
Liberty Bond second issue 50000
Mortgage Loans 220592
Collateral Loans 1233883 1454475
Policy Loans notes liens Dissenting
Policyholders 1041325
Notes Receivable for Capital Stock 15659159
Accounts Receivable 1929762
Agents debit balances 4686184
Real EstateDeKalb County Ga 148000
Furniture and Fixtures 1393335
Treasury Stock 107 shares Em
pire Life Ins Co 791080
Total Assets Book Value as per balance55144065
Liabilities
Reinsurance Liens Reserve as estab
lished by the reinsurance con
tract March 17 191650217420
Less lapsed liens to March 16 1922 19810292

25
Total Reinsurance Liens in force March 16192230407128
Reserve for Dissenting Policyholders 1158762
International Life Insurance Co St Louis Mo 8055698
Policy Dividends 323971
Death Claims 13385147
Sick and Accident Claims 38842
Contested Death Claims 2100000
Notes Payable 1592000
Accounts Payable 449463
Agents Credit Balances 175824
Medical Examiners Balances 61500
Accrued Salaries of Officers 115232
Taxes 1090410
Dividends Unpaid 33410
Total Liabilities exclusive of Capital Stock58987387
Capital Stock December 31 192228555250
The assets shown on the foregoing statements are at book
and not realizable values
Respectfully submitted
WOMACK HARPER BANSLEY
Certified Public Accountants
Reported by
J D Bansley C P A
Audit No 515
26March 26 1923
Hon Wm A Wright
Insurance Commissioner
Atlanta Georgia
Dear Sir
I present for your information and consideration report of the
State Mutual Life Insurance Company for the year 1922 in
cluding Exhibit showing Income and Disbursements during the
calendar year and the assets and liabilities of the Company us
shown by its books at the close of the year This Exhibit or
Statementattached hereto and marked Exhibit Ashould be
considered in connection with this letter though most if not
all of the items will probably be found selfexplanatory
Referring particularly to the item of Real Estate 17946403
appearing under heading ASSETS and to the item of 4705000
included under Disbursements as reduction in valuation of
Real Estate the subject of the Companys real estate holdings
having been fully discussed in previous reports I refer to
same at this time only to say that we have kept in mind the
purpose to dispose of such holdings in accordance with your in
structions as rapidly as it may be done at fair prices in the
meantime adjusting book valuations to market or investment
values as same can be more accurately determined During the
year 1922 the book valuations of several of the Companys real
estate holdings were reduced to meet these conditions As point
ed out in a previous report this does not mean that there was
a loss or depreciation of any such amount during the year cov
ered by the report but only that the valuation at which the
real estate is now carried more correctly represents the actual
market or investment value of such holdings which as investi
gation showed were carried on the books of the Company at a
much inflated figure when you took charge
27

Quite a number of small sales were made during the year
but general business conditions and the lack of demand for this
character of real estate at reasonable figures made it impracti
cable to dispose of more of the Companys holdings However
the income from real estate was increased by approximately
1600 the gross rental received being 1877374
An analsysis of the results for the year shows that substantial
gains were made from both mortality savings and interest earn
ings
The actual mortality experienced during the year was only
6467 of the expected based on the American Experience
Table This very favorable result considering the fact that
the Company has written no new business during recent years
evidences the good quality of the Companys outstanding busi
ness All death claims accruing were settled promptly by full
payment on receipt of proofs of death and claim
We have pursued the same policy as heretofore in regard to in
vestment of the Companys funds seeking the largest interest
return consistent with safety with the result that for the fourth
successive year there was an increase in the rate of interest
realized on the Companys Assets
The business in force at close of the year was 732710425
the decrease through deaths lapses cancellations etc being
only 855 of the business in force January 1 1922
The year closed with much for which to be thankful and we
have entered 1923 with what we consider well warranted but
conservative optimism as to the Companys future
Yours very truly
HAMILTON YANCBY
Special Deputy Insurance Commissioner
28EXHIBIT A
Attached to and forming part of Report for the year ending
December 31 1922
Ledger Assets December 31st 1921290868470
INCOME
Premiums21574804
Interest
Mortgage Loans6598906
Bonds 937295
Policy Loans etc7336956
Deposits 196255
Rents Including
2500 for own
occupancy 1877374
Total Interest and Rents16946786
Other Items 15061
Total Income 385366
51
329405121
Disbursements
Death Claims 9237471
Disability Claims 87500
Annuities 1046778
Surrendered Policies
Values applied to
cancel policy loans 15366956
Endowments 100000
Coupon reduction of
premiums 2527947
29

Total Payments on Policies28366652
Renewal Commissions 125909
Traveling Expenses 30320
Salaries 1415008
Rent own occupancy 250000
Printing Postage etc 70467
Legal Expenses 59130
Repairs and Expenses
on Real Estate 527360
Fire Insurance 102487
Taxes on Real Estate and Per
sonalty 1151542
Federal Taxes 328054
Taxes on Premiums 63054
Department and Municipal Licenses
and fees 10525
Miscellaneous Expenses 284359
Profit and Loss Account
Reduction Valuation of
Real Estate 4705000
Other Items 242670
4947670
Total Disbursements 377 32537
Ledger Assets 123122291672584

LEDGEE ASSETS
December 31 1922
Real Estate 17946403
Mortgage Loans 102812667
Policy Loans 135696998
Premium Notes 60 67424
Bonds U S State and Municipal 22134784
County Warrants interest bearing 1888738
Cash on Deposit at Interest 5060941
Cash in Office 64629
291672584
30NON LEDGER ASSETS
Interest due and accrued
On Mortgage Loans4106737
On Bonds 387366
On Bank Balances 4465
On Warrants 78819
Rents due and accrued 96114
Unearned Fire Insurance Premiums 47931
Net uncolleeted and deferred premiums 1289598 6011030
Gross Assets297683614
ASSETS NOT ADMITTED
Policy Loans and Lien Notes in Excess of Reserve 92190
Total Admitted Assets2975 91424
LIABILITIES
Net Value of outstanding policies282720752
Present Value of amounts incurred but not yet
due for total and permanent disability benefits 1158695
Death Claims in process of adjustment 100000
Claims for Death Losses adjusted and not due 357058
Death Claims resisted litigation pending when
Insurance Commissioner took charge of Company 300000
Coupons and Dividends left to accumulate with
Interest 1062780
Interest paid in advance 29 082 83
Renewal Commissions to Agents 146662
Miscellaneous bills and accounts 1736 45
Reserve for Taxes 6 761 93
Unassigned funds or Contingency Reserve for
death losses incurred but unreported annuity
claims depreciation or shrinkage of values etc 7987355
Total297591424
Respectfully submitted
HAMILTON YANCEY
Special Deputy Commissioner in Charge of Affairs of State
Mutual Insurance Co Rome Ga
31
Little can be added by me to the reports and the comments
here presented The business of the State Mutual Insurance
Company of Rome Ga taken over by this Department in
1915 and immediately placed by me in charge of Colonel Yan
cey as Special Deputy has been exceedingly well handled and
the interests of the policyholders splendidly cared for and the
wisdom of the insurance laws of this State permitting such
action to be taken in behalf of the companys membership and
the public is demonstrated in the results shown
I have the honor to be sir
Your very obedient servant
WM A WRIGHT
Insurance Commissioner
32FIRE MARINE AND INLAND INSURANCE COMPANIES
Financial Condition as of December 31 1922 and Business Transacted During the Year
1922
Company and Location
Abeille Fire Ins Co of Paris France Providence R I
Aetna Ins Co Hartford Conn
Agricultural Ins Co Watertown New York
The Allemannia Fire Ins Co No 7 Wood St Pittsburgh Pa
Alliance Ins Co Philadelphia Pa
American Alliance Ins Co 1 Liberty St New York City
American Central Ins Co 816 Olive St St Louis Mo
The American Druggists Fire Ins Co Cincinnati Ohio
American Eagle Fire Ins Co 80 Maiden Lane New York
The American Ins Co 70 Park Place Newark N J
Atlantic Mutual Fire Ins Co of Savannah Ga 19 East Bay
St Savannah Ga
Atlas Assurance Co Ltd of London 100 William St New York
N Y
Total
Admitted
Assets
Liabilities
Including
Reserves
but ex
cluding
Capital and
Surplus
Paidup
Capital
Surplus
The Automobile Ins Co
Hartford Conn
of Hartford Conn 650 Main St
Bankers Fire Ins Co Durham N C
Bankers Shippers Ins Co 59 John St New York N Y
Berkshire Mutual Fire Ins Co Pittsfield Mass
Boston Ins Co 87 Kelby St Boston Mass
British America Assurance Co 18 20 and 22 Front St Toronto
Canada
Caledonian Ins Co 052 Pine St New York N Y
California Ins Co San Francisco Cal
The Camden Fire Ins Assn 432 Federal St Camden NJ
The Carolina Mutual Ins Co Charleston S C
Central Manufacturers Mutual Ins Co Van West Ohio
Citizens Ins Co St Louis Mo
City of New York Ins Co New York
Columbia Ins Co Jersey City N J
Commercial Union Assurance Co Limited 114 Fifth Ave New
YorkNY
The Commercial Union Fire Ins Co 114 Fifth Ave New York
N Y
i 1497
40375
8036
3302
5844
4601
7855
1024
6579
19036
66422
94113
90163
01928
30370
73546
69938
35709
66588
74349
t 10S2
23873
4955
1800
2745
1596
4979
203
3799
12269
11030
3072
2395
15449
16248
62845
07023
255
00314
91393
The Commonwealth Ins Co of New York 76 William St New
York N Y
The Concordia Fire Ins Co of Milwaukee Milwaukee WisJ
The Connecticut Fire Ins Co Hartford Conn
The Continental Ins Co 80 Maiden Lane New York N Y
The County Fire Ins Co Manchester N H
Dixie Fire Ins Co Greensboro N C
Eagle Star British Dominions Ins Co Ltd 123 William St
New York City N Y
Equitable Fire Marine Ins Co Providence R IZ
Federal Ins Co 1 Montgomery St Jersey City N J
Fidelity Fire Ins Co Sumter S C
FidelityPhenix Fire Ins Co of New York 80 Maiden Lane
New York City
Fire Association of PhiladelphiaI
Firemans Fund Ins Co San Francisco Cal
Firemens Ins Co 784 Broad St Newark N J
Fitehburg Mutual Fire Ins Co 781 Main St Fitchburg Mass
The Franklin Fire Ins Co of Philadelphia Philadelphia Pa
The Georgia Home Insurance Co Columbus Ga
Girard Frre Marine Ins Co 502 Walnut St Phila Pa
Glens Falls Ins Co Glens Falls N Y
Globe Rutgers Fire Ins Co Ill William St New York N Y
Great American Ins Co No 1 Liberty St New York City N Y
35724895
564422750
1263398796
29108S51
395533123
67129978
1287487414
230290246
396741309
314482657
735374622
28895714
223447781
119164443
394472364
212442304
1516480707
220977717
489230281
492879623
134576940
4977018951
187816546
178656125
13056579
413083571
837150308
6485478
225440830
52049292
786509586
149113998
273460331
174960935
451362625
2718892
106297067
84063582
233594768
89233820
200
5000
1000
500
1000
1000
1000
300
1000
2500
000 On
0000
00000
00000
00000
00000
00000
00000
00000
00000
10000000
200000000
25261954
100000000
Io666o6766
200000OG
20OCO0O0
10000000c
12500000
i 215553
11502633
2081662
1001864
2099141
2005107
1876629
521101
1780662
4266829
505346053
383629816
693805492
44431661
3682078523
1733789519
2284948338
1569068721
68407595
748542719
72729070
477591198
1126230122
5010979427
4533349522
987298950
1654751IS
282094376
334554048
807606544
226990397S
79824333
93251405
200000 Of
10000000
4000000C
2000000C
5000000C
75000001
100000001
1000000000
50000001
5000000C
384369051
113505889
40389199
14540605
1870261195
1173008620
1533370714
900430101
50744731
456625556
37331070
266567850
731583728
3229040478
1981641787
100000001
10000000
20000000
50000000C
16000000C
300000001
22500000C
100000000
20000000
100000000
100000000
350000000
1250000000
12668316
15133917G
226248488
2329348
70092293
150806
400977828
61176248
103280978
39521722
159011997
26176822
117150714
15100861
60877596
83208478
529181757
3550259f
157135905
83325575
438161865
1707114975
57992212
35404717
INCOME
Net
Premiums
120977002
170123930
189913495
9891056
1311817328
460780899
451577624
443638620
17662864
191917163
1539800C
111023348
294646394
143193894f
1301707735
95785641
2125264706
427479592
14893573f
244416147
137802640
449394214
30058058
3477128
9768070
19434000
415725690
1098847313
6389449
237140859
61297690
618152131
134329348
269430144
159536675
384776452
490602C
164977974
79909874
210728367
87262101
960364876
156801802
276923551
278360551
7073261fiS
18376109Of
74624011
122872271
Total
Income
S 1024
22976
4733
1704
2699
1585
4865
341
408
10613
03958
46211
2S705
27014
45442
69676
031SI
42400
10417
49955
26604503
456645724
1138916572
10677455
253695722
64141580
6S749149C
189605063
288484635
175129553
451468412
667697
17547666
83088931
243957261
102396132
DISBURSEMENTS
Net Losse
Paid
Total Dis
bursements
454939681
106898141
416969947
173203IS
1409179861
929153727
1585786972
841533934
69599658
299119023
36840343
170779279
704225035
2392938069
17424826951
1154009470
16342942
301620912
33598119J
70571428
2563400071
82094793
13327547C
510444527
12588114
451543447
19616112
2013904S9S
1022237100
1688076318
1592931560
77974652
337865932
48737100
2485120OS
781580355
2637019S31
1989834424
615305
812767
445918
815306
233389
633140
495333
82501
632643
372049
770921C
240933585
61577693C
3706017
129525896
28655058
395047484
8757309C
982
23006
4485
1631
2381
1331
4549
240
2951
9909
20682
0761
01172
48751
89952
28194
49537
21273
60597
06801
1347
1002
2488
7
852
279
1230
608
92016
87973
52575
94123
5C995
56344
33823
33059
491218085
83732815
133297180
1 55424326
359768117
943061611
24669545
70352518
318236573
59558777
188767582
12478160
771081336
521784357
935312220
33998862
31862392
173527804
18854047
83094965
363663821
1603146101
1037901230
25754913
457836691
1057028901
9471133
217789133
59137669
717818050
188208450
268738184
178661532
4657122
3740638
17539498
73565077
20721218
115291933
1032452393
142900374
2669257IS
316043052
702225504
1923848132
61404841
1263645S4
509109901
105967741
394294380
33259278
1504448094
97967067
1654628944
959999015
72002150
305123530
49039350
223662145
092262965
2725767298
2211324701
BUSINESS IN GEORGIA IN 1922
Xot risks
Net Losses
Paid
Net Losses
Incurred
Net
Premiums
252587400
5l33732100
093600000
5i2972900
3 53421200
178115700
510766500
18532500
1158045600
1494151700
039141200
808360300
3118969200
218201900
5H756450C
30727400
12267800
302526300
233991800
26437800
173387600
9472300
119805700
755666101
316958000
114920200
129405100
2s4263100
222469900
0 1321500C
S 18823101
57116664900
193729500
2846861
020227000
172598600
2038740100
309200
4509201700
184960100
2273514800
734522900
70599500
5009462700
373299900
258161000
1221287000
2505002700
2259690800
United States Deposit
Guarantee Fund
Deficit
3694453
62094033
4252159
734513
2030208
737524
35015 1 1
39491
6677829
13815033
255936S
8128865
9826670
288205
5249295
541884
5484043
1901813
2230039
3136131
49 9095
27 7
1800250
4249630
il43571
18605554
2082075
319882
387127
4343491
29450891
1512551
2543037
9563694
ll9222r
52282
395444
23332921
15560437
21237235
7259331
470600
8856243
2236238
3687168
5181349
49481381
21445180
28823 53
53598213
4160664
579211
1645507
446124
2944744
39491
5786263
10691808
2676575
6236002
9653069
428205
566779
368250
3250140
1887199
2403451
2655731
3525357
2775
1321931
4498458
3526451
556811
16220626
2069831
496546C
3418471
2599884
20370330
154173
222914S
7626815
169520
1375687
26873
20447955
14438007
20378770
4521925
279042
10512078
1932132
3355612
6001076
46617917
17740180
3644817
60399808
6874299
2754135
3656320
1528480
6517852
270893
8035201
19224365
6167216
9464017
18160257
2504229
8812870
531553
5036112
3307023
3004774
3059071
6002546
225435
1987681
11401301
5053967
1335981
34581755
3023761
2903107
8240775
7007754
38350559
2078157
2840801
7108577
1400380
4059333
85103
30677481
26388005
36108134
8504265
1390108
11188013
5130953
2551610
8079555
36809218
21384884IFIRE MARINE AND INLAND INSURANCE COMPANIESContinued
Financial Condition as of December 31 1922 and Business Transacted During the Year 1922
Company and Location
Total
Admitted
Assets
Liabilities
Including
Reserves
but ex
cluding
Capital and
Surplus
The Hanover Fire Ins Co 34 Pine St New York City
Hardware Dealers Mutual Fire Ins Co Stevens Point Wis
Hartford Fire Ins Co Hartford Conn
Home Fire and Marine Ins Co San Francisco Cal
The Home Ins Co 56 Cedar St New York
Hudson Ins Co 100 William St New York N Y
The Importers Exporters Ins Co of N Y 47 Beaver St New
York City
Indiana Lumbermens Mutual Ins Co 518 No Delaware St
Indianapolis Ind
Insurance Co of North America Philadelphia Pa
The Ins Co of the State of Pennsylvania Philadelphia Pa
The Liverpool London Globe Ins Co Ltd Washington
Place Newark N J
London Assurance Corporation 84 William St New York City
The London Lancashire Ins Co Ltd 5759 William St New
York N Y
London Provincial Marine General Ins Co Ltd 80 Maiden
Lane New York
London Scottish Assurance Corporation Ltd New York N Y
The Lumbermens Mutual Ins Co Mansfield Ohio
The Lumber Mutual Fire Ins Co of Boston Mass Beacon and
Raleigh Sts Boston Mass
Maryland Motor Car Ins Co Garrett Building Baltimore Md
Massachusetta Fire Marine Ins Co 4 Liberty Square Boston
Mass
Mechanics Ins Co 500 Walnut St Philadelphia Pa
The Mercantile Ins Co of America 76 William St New York
New York
Mercantile Mutual Fire Ins Co 10 Weybosset St Providence
RI
Merchants Manufacturers Mutual Ins Co Mansfield Ohio
Merrimack Mutual Fire Ins Co Main St Andover Mass
Millers Mutual Fire Ins Co of Texas Fort Worth Texas
Milwaukee Mechanics Ins Co Milwaukee Wis
Minnesota Implement Mutual Fire Ins Co 211 North Cedar
St Owatonna Minn
National Ben Franklin Fire Ins Co 120122 Ohio St West
Pittsburg Pa
Nationale Fire Ins Co of Paris France 17 Custom House St
Providence R I
National Fire Ins Co of Hartford Hartford Conn
National Liberty Ins Co of America 709 Sixth Ave New York
City N Y
The National Mutual Ins Co 128J West Market St Celina
Ohio
National Security Fire Ins Co Omaha Neb
National Union Fire Ins Co 7th Ave and Smithfkld St Pitts
burgh Pa
The Netherlands Ins Co Chicago 111
Newark Fire Ins Co 41 Clinton St Newark N J
The New Brunswick Fire Ins Co 70 Bayard St New Bruns
N Y
New Hampshire Fire Ins Co Manchester N H
68S916453
139572914
6715935062
396871540
7939157519
235680063
282180126
169313712
4664932362
518711311
1981307675
786592517
801400281
68865796
184560736
197505970
209762254
73596618
140625892
346178832
454319424
54828079
26025840
8389S914
67396600
836878401
169252249
378162269
491803493
968413
4375467875
184301436
4376024894
113489956
159683819
53353918
2591786164
311877469
1337348366
470118973
430446963
1784698
68734169
119043180
565844
375282
1209603152
295154
577333
375097
326298
676724
467462
254752
51152816
13250894
3837353f
191625122
226415525
28460294
11166427
6730987
3160958
4S247134C
123864350
Paidup
Capital
100000000
800000000
100000000
1800000000
50000000
70000000
Mutual
500000000
100000000
20000000
132903333
1082110
20025218
762398763
159588
212118
5964927
582755
2916982
94373S
5856561
50000000
50000000
60000000
100000000
125000000
NoneMtl Co
100000000
20000000
20000000C
150000000
4000000
25000000
200000000
20000000
50000000
2M00000
200000000
Surplus
INCOME
Net
Premiums
Total
Income
DISBURSEMENTS
Net Losses
Paid
Total Dis
bursements
157536690
42731526
1540467187
112570104
1763132625
72190107
52496307
115959794
1573146198
106833842
643959309
316473546
370953318
50841497
115826567
78462790
158609438
400177846
147340423
4830804669
177266853
4146557271
85713637
196748042
93918976
2395611835
187197931
1178923674
431560015
343735260
20796285
68832145
176567671
95919463
10345724 21462850
52252353
94553710
127903899
26367785
14859413
16589044
35787015
354407061
453878
145258936
283734
8350064
S 301230004
95566
115214
1410170
543543
1259741
323724
3398190
27210820
122200409
219468088
42978707
18063781
72614036
64283878
38260531
16955071
23183438
957
16570
85644
33280
571416471
253
143
5499
301
2783
746
4376
44933
89278
80752
47363
40527
67398
6959ll
476452628
152478883
5065032747
267111365
4629803052
98539575
211335980
101880252
2586370472
256489684
1359236211
479439778
382611673
24320736
95527922
1848 97484
1 09368797
26259029
33549500
1753 52900
239756346
45821262
19091354
77884095
67828063
426053152
177528351
6801020
101732721
1777266160
628138040
26675750
37121086
626913283
45798247
296981310
123378537
505701725
211572323
49850284
2374975611
97765178
2564803093
51516902
119495950
31064161
1144920702
164088175
767589681
179774939
179519169
11311565
40792103
74242201
33478364
7960218
12357606
55979667
93141863
2568367
8582059
29632765
26813745
203007164
59201677
138834102
615
8746
65582
89
316120007
98
65
2910
344
1520
393
2585
17270
94835
19233
24586
18432
51506
77283
417414664
140039929
4562338063
177518719
5069958997
119980253
209471289
89380222
2283434187
260863017
14338
4486
31543
078 54
378480434
229
527
1700
954
239
251
1649
93301
50470
77314
03923
35659
52516
12009
19991075
425
182
354
687
2161
91826
98166
51954
87540
59351
148655663
1681665 56
97812333
164492077
69627878
22714077
30643674
563170894
635085 72
260812347
124562342
549873597
BUSINESS IN GEORGIA IN 1922
Not risks
298804900
112603900
7078468300
365062000
47158381900
210579300
15958600
39763200
1627960000
380834700
28204
1986
80800
10700
Net Losses
Paid
654100200
1522
1890
1304
18000
22900
95200
12052251
54857600
225
2691
05100
29600
2 02179600
1
252
321
360
7466
25000
51000
05300
22500
19800
215075500
333989200
252587400
2009063900
933623100
13312200
713445500
yia2ooo
189618000
844747800
Net Losses
Incurred
2086472
350000
67374273
1848494
41244505
2536987
2099184
612063
22448497
6843148
18137268
1482979
4446164
681728
3027063
1278901
825286
1814175
35755
3742482
520029
85177
83442
88293
12975
41 72024
1513568
2215752
3694454
21968473
13657703
219941
10919358
2121540
3794637
929970
4033810
1991012
360000
56722676
2080579
34198240
2178859
2432343
455488
18812190
5684471
17199068
1475440
4610171
493428
1888391
918513
658436
672273
75845
2582814
124829
40426
283442
156787
107582
3665223
1371493
2152211
2882353
13814297
10151165
62931
9752342
1021131
2399510
349170
4211098
Net
Premiums
4055802
1626460
95473030
4437544
54491317
3215421
1102506
606343
40127717
5150054
29490228
2625924
7606985
1745823
2416419
1725525
1271175
1814175
182692
3683428
1792821
1697671
507672
540035
607581
0184673
2819086
4227099
3044816
26135328
14134582
417070
12013646
217492
3324533
2620398
6881472
Credit
U S Deposit 1 i

FIRE MARINE AND INLAND INSURANCE COMPANIESContinued
Financial Condition as of December 31 1922 and Business Transacted During the Year
Company and Location
Total
Admitted
Assets
Liabilities
Including
Reserves
but ex
cluding
Capital and
Surplus
Paidup
Capital
Surplus
INCOME
Net
Premiums
Total
Income
DISBURSEMENTS
Net Losses
Paid
Total Dis
bursements
New Jersey Ins Co 18 Washington Place Newark N J
New Zealand ns Co Ltd 110 William St New York
Niagara Fire Ins Co 123 William St New York City N Y
North British Mercantile Ins Co Ltd 76 William St New
York N Y
The Northern Assurance Co Ltd of London Eng 55 John St
New York N Y
Northern Ins Co of New York 83 Maiden Lane New York
City N Y
The North River Ins Co 110 William St N Y
Northwestern Fire and Marine Ins Co Minneapolis Minn
Northwestern Mutual Fire Association Seattle Wash
Norwich Onion Fire Ins Society Ltd 75 Maiden Lane New
York N Y
The Ohio Hardware Mutual Ins Co Coshocton Ohio
Orient Ins Co 2022 Trinity St Hartford Conn
Pacific Fire Ins Co 59 John St New York N Y
The Palatine Ins Co Ltd 114 Fifth Ave New York N Y
Palmetto Fire Ins Co Sumter S C
The Pennsylvania Fire Ins Co Philadelphia Pa
Pennsylvania Lumbermens Mutual Fire Ins Co 806 LaFay
ette Building Philadelphia Pa
Pennsylvania Millers Mutual Fire Ins Co WilkesBarre Pa
Peoples National Fire Ins Co 419 Walnut St Philadelphia Pa
Phenix Fire Ins Co of Paris France 17 Custom House St
Providence R I
Phoenix Assurance Co Ltd 100 William St New York Citv
N Y
The Phoenix Ins Co Hartford Conn
Providence Washington Ins Co Providence R I
Queen Ins Co of America 84 William St New York City
The Reliance Ins Co Philadelphia Pa
Retail Hardware Mutual Fire Ins Co Minneapolis Minn
Rhode Island Ins Co 17 Custom House St Providence R I
Richmond Ins Co of N Y West New Brighton N Y
Royal Exchange Assurance U S Branch 83 Maiden Lane New
York N Y
Royal Ins Co Ltd 84 William St New York N Y
St Paul Fire and Marine Ins Co St Paul Minn
Savannah Fire Ins Co Savannah Ga
t 243380365
210197327
1682017922
1350822072
946717613
301191732
1105932549
165846886
220373022
619979258
32433207
613689153
332090293
518312804
85108552
1140146906
183161199
144391111
232350433
151637076
692181375
2600761389
1042251695
1885937946
174919188
225225480
336503377
182716038
546810509
2125368904
2051728108
53518324
t 132335004
112604110
1005895059
843269064
626614565
176005600
673370633
103078225
186626109
432108297
16402958
354948375
191461309
343341116
29644595
705806892
47846191
59795398
112617314
108211030
417643757
113542542r
576272131
1018171699
97794157
112381043
210648257
104231353
325897634
1545813869
1043804916
23640911
100000000
40000000
300000000
40000000
40000000
50000000
200000000
40000000
100000000
40000000
40000000
100000000
10000000C
20000000
4000000
300000000
100000000
300000000
40000000
6oo6566J
20000001
40000300
40000000
200000000
20000000
11045361
63089979
376122863
4675
2801
751
2325
227
337
53008
03048
86132
61916
68661
46913
142793629
104235520
906819639
784351309
566481389
1505
6789
798
2875
77495
20323
86532
40795
187870061
160
1587
30249
40778
100628984
174971688
15463957
334340014
141315008
84595713
19733119
23426046
234537618
1165335960
305979564
567766247
37125031
112844437
65855120
58484685
220912875
539555035
807923192
9877413
434592672
295
2404
95915
16360
214060555
310878025
38372563
521831096
85494817
80771289
100188372
95785644
409493091
999187289
623086283
944677344
72902410
172093S77
166183843
96040408
292254778
1316446530
1053332021
34139435
158445909
129759253
1002141872
840063969
637841397
170867968
774585473
425631814
301010331
476140647
30837315
263934984
229743452
340078915
4330717
576981635
101948041
86635237
116453313
102207024
466092415
1154730729
680655143
1016608285
111361989
182988807
178349345
105637674
361221186
1438041334
1151010617
37544227
87075949
59328169
504015361
373505407
338560016
71613441
340117974
27237169
111441136
233093523
10178944
117281114
126543004
173341138
18520490
263131722
29829050
58420322
57111432
61565582
211582592
504277056
363279482
479941087
38945396
61082656
102826081
59255013
158790890
732716295
622461182
15566748
155800272
131774354
1029038109
773077952
677678223
146635489
666245307
400576558
274819138
461816818
25123087
233717411
209881743 340150309 41859231 549612643
81782843 91592031 124624970
97676219
450513171 1029018160 625310372
1006165358
82646462 161120179 179318793 100406430
414413069 1492532197
1114685232 29022790
922
BUSINESS IN GEORGIA IN 1922
t risks
Net Losses
Paid
18374500
1068000
55400
Nil
141289800
0GS621500
TO108400
1225800
1935700
61088700
670670800
50137215
491212400
475262000
989239800
18156000
048857800
3J887215
5491700
3710000
25J587400
097194600
1349330500
861741600
2383721500
22U 69500
101302900
178255000
14255100
341648000
5034017600
2038275100
174745500
Net Losses
Incurred
1995967
1330818
7225007
10458322
4884438
1140859
3679667
2037497
8319
2908151
853055
2849642
5903776
7517798
835274
1375201
715509
662373
2477178
3694454
5722331
8169020
7990386
16375081
957043
1133682
6259062
3796802
26336763
9658948
1310226
2083023
996618
596S493
7951022
4853320
1049077
3153567
2037497
408639
2098591
870913
2476079
5676895
6395701
545168
1222490
558334
450389
2324136
2882353
4686603
8904018
7045420
17402797
737905
1133682
4019526
3382150
25216590
7594790
14589 19
Net
Premiums
4940499
2399853
9234038
15390689
8228977
3305446
4266147
8525553
870376
5916750
992075
4742809
7771326
10419682
765227
6703183
656206
826033
6284262
3644817
6847894
14532318
10416605
27689272
2776457
1324583
6910872
130898
4304198
31980555
11066158
2551506
U S DepositFIRE MARINE AND INLAND INSURANCE COMPANIESContinued
Financial Condition as of December 31 1922 and Business Transacted During the Year 1922
Company and Location
Total
Admitted
Assets
Liabilities
Including
Reserves
but ex
cluding
Capital and
Surplus
Paidup
Capital
Surplus
INCOME
Net
Premiums
Total
Income
DISBURSEMENTS
Net Losses
Paid
Total Dis
bursements
BUSINESS IN GEORGIA IN 1922
Net risks
Net Losses
Paid
Net Losses
Incurred
Scandinavian American Assurance Corp Ltd 100 William St
New York City
Scottish Union and National Ins Co 75 Elm St Hartford Conn
Security Ins Co 115 Elm St New Haven Conn
Southern Mutual Ins Co Athens Ga
Springfield Fire and Marine Ins Co 195 State St Springfield
Mass
Standard Fire Ins Co Hartford Conn
Standard Marine Ins Co Ltd 6365 Beaver St New York
City New York
Star Ins Co of America New York N Y
Sterling Fire Ins Co Indianapolis Ind
Stuyvesant Ins Co Ill William St New York City N Y
Sun Insurance Office New York City
Superise Fire Ins Co Pittsburgh Pa
Svea Fire and Life Ins Co 100 William St New York N Y
Texas State Mutual Fire Ins Co Dallas Tex
Thames Messey Marine Ins Co Ltd 27 William St
York City
Tokio Marine and Fire Ins Co Ltd 3 So William St New
York
New
Union Assurance Society Ltd 114 Fifth Ave New York N Y
Union Fire Ins Co of Paris France
Union Insurance Society of Canton Ltd 175 W Jackson Blvd
Chicago 111
Union Marine Ins Co Ltd 27 William St New York City
United Firemens Ins Co Philadelphia Pa
United States Fire Ins Co New York N Y
United States Lloyds Inc N Y
Urbaine Fire Ins Co 123 William St New York City N Y
Victory Ins Co of Philadelphia Philadelphia Pa
Virginia Fire and Marine Ins Co Richmond Va
Westchester Fire Ins Co 100 William St New York City N Y
Western Assurance Co Toronto Dominion of Canada
World Auxiliary Ins Corp Ltd 175 W Jackson Blvd Chicago
111
The Yorkshire Ins Co Ltd 80 Maiden Lane New York N Y
1
67522807
17856864
06447153
13562559
13437680
64659133
49106404
89601641
62099843
59352134
09350273
80694941
05494022
2160S229
154203444
566594437
2958409
179815904
845914595
138163006
228788394
1665809362
38218240
543956804
167186933
307131674
1114959837
459127571
91746219
300896336
69805513
444753026
516871124
26949800
1384127818
80905817
171451326
177960162
118028402
1562034
488564377
229198738
165467039
12949029
63395448
160218209
197201447
11797056
599252249
59939053
152701688
100018916
226581203
408010178
85033052
149164551
769315447
318177060
34739311
162518505
840000000
20000000
100000000
250000000
50000000
20000000
100000000
85000000
70000000
20000000
80000000
20000000
40000000
20000000
40000000
20O000O0
40000000
200000000
80000000
50000000
50000000
100000000
40000000
20000000
57717294
453103838
189576029
86612759
579309862
33753316
157655078
111641479
59071441
33148656
200785896
71496203
140026983
8659200
70807996
366376228
98639542
41845337
206662346
58223953
36086706
465620195
75001204
135946626
32153881
107967123
245644390
100950511
37006908
20000000 118377831
70742831
364492653
441811158
35966262
1261166264
71374580
197299034
163948732
114725234
146484515
402434457
214487428
133954220
13198932
49220891
172973996
192529352
100978618
694508524
35925131
105249808
941256760
253162276
386470998
55915415
117185861
700081363
214870054
31405882
176461359
44269757
405212505
501942497
43813735
1352836610
77875165
296274429
2253097
129464198
184619498
477374107
243490424
183070796
14655705
91316690
261896661
229538831
108506503
838246124
86559475
118296784
1064719690
292286262
413925338
92310974
130829732
752756540
256644425
39690302
187765620
72393014
195260171
267166971
9970423
658900272
41073130
78844637
118034558
50842842
107195908
200785808
112675595
86873460
106
355
97S
1091
632
3826
131
497
5167
1742
2535
527
653
4096
1392
400
1154
31715
56725
55626
96764
41569
34600
77997
47009
01395
92957
23485
46902
23622
75738
05129
59558
07626
131180121
36826123
502534937
34245843
1236820527
82097600
281667261
185648554
111093733
181590634
486432619
225801002
183944284
17452040
125728820
237683633
218789461
103225030
753487130
94784751
110441453
950344948
326483661
415720101
83555167
123712527
742739420
274234244
76965607
198645032
741151500
576640800
4530928500
1516175900
1796655200
541774600
250657800
530120500
700138600
265095800
180276100
38967300
1197925200
441919400
395138700
402135100
465839000
173844400
106707900
692386400
310997000
130814200
324762400
133187800
790153800
447900900
4128000
1012373000
6807985
4443201
9970423
7490376
1120293
3587016
2256746
5212015
6363300
712452
1338359
507201
3175298
1893590
2746207
6659584
8453800
75846
822410
5747550
2002780
6962993
1878154
1314766
4795943
2106684
458224
9626039
6502985
3157383
9137519
8323173
793793
4083516
2228466
4018887
5367090
622961
1060294
360166
4067598
1502502
2214908
5842200
5457644
167346
778647
6882550
2158056
6099180
1704554
1321561
3444155
1987296
236305
7707863
Net
Premiums
7868535
6530609
35966262
10712253
12045864
5364013
3673122
2935429
10774106
2835335
2597247
957728
13063401
4835847
4732469
6491401
6966424
943233
757459
9261451
2980936
8799727
3737889
1840035
7942182
4355214
242866
17079540
Credit
U S Deposit
T
Financial Condition as
Company and Location
LIFE INSURANCE COMPANIES
of December 31 1922 and Total Business Transacted During the Year 1922
Aetna Life Ins Co Hartford Conn
American Central Life Ins Co Indianapolis
Ind
American National Ins Co GalvestonTeias
Atlantic Life Ins Co Richmond Va
The Bankers Reserve Life Co Omaha Neb
Carolina Life Ins Co Columbia S C
Cloverleaf Life and Casualty Co
The Columbian National Life Ins Co 77 Frank
lin St Boston Mass
Connecticut Mutual Life Ins Co Hartford
Conn
The Conservative Life Ins Co WheelingWVa
The Equitable Life Assurance Society of the
U S 120 Broadway New York City N Y
Federal Life Ins Co 166168 N Michigan Ave
Chicago III
The Fidelity Mutual Life Ins Coj 112116 N
Broad St Philadelphia Pa
The Franklin Life Ins Co Springfield 111I
George Washington Life Ins Co Charleston
W Va
The Guardian Life Ins Co of America 50 Union
Square New York N Y
Home Life Ins Co 256 Broadway New York
N Y
Illinois Life Ins Co Chicago 111
Indiana Natonal Life Ins Co Indianapolis fnd
International Life Ins Co 722 Chestnut St
St Louis Mo
InterSouthern Life Ins Co Louisvilfe Ky
Interstate Life and Accident Co Chattanooga
Tenn
Admitted
Assets
Liabilities
including Re
serves but
excluding
Capital and
Surplus
Paidup
Capital
Surplus
Insurance
issued in 1922
Paid for
Jefferson Standard Life Ins Co Elm St Greens
boro N C
Life and Casualty Ins Co of TennNashville
Nashville Tenn
Life Ins Co of Virginia Capitol f lOthSts
Richmond Va
Lincoln Reserve Life Ins Co Birmingham Ala
The Manhattan Life Ins Co 64 66 68 and 70
Broadway New York City
Maryland Assurance Corp 40th St and Cedar
Ave Baltimore Md
Maryland Life Ins Co of Baltimore 8 and 10
South St Baltimore Md
Massachusetts Mutual Life Ins Co 500 Main
St Springfield Mass
Metropolitan Life Ins Co 1 Madison Ave New
York City N Y
Michigan Mutual Life Ins Co 105 Jefferson
Ave West
20704177945
936620811
1429662393
1037583410
1286539598
36782861
75666592
24S1522700
10320190293
243210585
66374706432
598441760
5143924427
1462273514
292923787
4273856211
4625371461
2144165811
253552878
2070342458
737127427
33548319
1970086823
241962720
3263393305
91162174
1970667480
96070991
451841583
16317580705
125985032523
18181655616
896774968
12011777
958865072
1141345826
26078354
50124408
2317356942
9822005902
189536725
56338729248
556817360
4922752945
1386098401
262923787
3963599771
4449843102
1998299320
233954622
1911924961
657197635
15633660
1880086823
161835126
2851282150
70725243
500000000
13700000
100000000
30000000
10000000
10000000
22000000
100000000
3i5iibbb
10000000
30000000
16676o6766
25000000
20000000
1910152710
39843060
410290416
15553684902
119836691398
100000000
12500000
78750000
6788917
15000000
70000000
60000000
200000000
12345000
10000000
50000000
10000000
1679309044 15728203
25000000
2022522329
26145843
128484605
48718338
135193772
704507
3542184
64165758
504184391
19129860
10025977184
11624400
221171482
66175113
5000000
290256440
175528359
45866491
7098256
79667497
12040617
2914659
20000000
20127594
212111155
8091931
50514770
6227931
31551167
763895803
6148341125
81488656
35129498551
3196S
82775
16748
16400
59900
96100
1735286400
13365
2057
06700
24900
2585423400
66916
5469
87750
25700
54354577300
1158759400
3903124300
2982258300
387522100
3542249300
2793727100
2254678369
206116359
3036269000
1418072400
30925000
4566970000
8267766200
4702784600
208570000
915473100
380513300
178793000
14582742900
180211068600
1700879566
Total
Insurance
in force
133402850785
115587
181457
90380
48800
79600
50700
8150600700
13682
7003
85800
S6300
15615944434
447300
23512
01695
65200
306142393200
4847395100
23915152900
13515513500
1859572482
20628298900
23216305200
14108837527
1543928841
14409063600
6259139800
148987100
18074962100
6416338300
23032216300
761393000
7141818500
1213839700
1702109800
91233528600
780755695700
9436240544
INCOME
Total
Premium
Income
3368484993
2359
5300
2925
00980
74409
00747
273604356
869
172
40637
79779
440663493
13622
701
04630
96821
11130126353
130749601
878259716
385874561
58849400
736625612
736983469
400143293
44542307
462414135
183667348
68752234
60192133
452407437
765542854
35083233
205529345
23340113
50197222
2792125671
27684491349
255381642
Total
Income
DISBURSEMENTS
Paid to
Policyholders
and Bene
ficiaries
Total
Disbursements
niJSINESS IN GEORGIA
Insurance
in Force
Insurance
Issued 1922
842810621
30669621
6606798
3574184
341133051
926745
1126344
630472706
1956228818
81991886
15392371497
239087599
1169783473
497138503
86476522
1022719062
984110317
511824758
77242875
654107813
226605204
71046879
709367348
473209573
947757152
51042949
327946918
27222857
75919956
3852405322
34066830130
345282766
2537452625
107313313
128981059
104932172
36441386
37756184
3759253
182690742
492748452
20424001
11102201102
39331307
548586874
103902983
2654182013
227755262
341276581
201262346
228496031
88255894
102607525
368808382
1322202301
44845473
14686779751
2OSS64464
805612972
375641109
14818002 60570856
532300475 796772589
324954487
102480358
10416347
170932791
90234160
26692490
214366224
173950193
173236694
9223855
143928600
2059855
30194884
759190330
7722445138
168923915
74213380
34101996
57800062
378299976
170890463
65920341
470580475
445409434
597014464
38098411
344515893
16948654
63620810
2344218079
20318843201
266871284
2321620653
100579500
1482849400
160246000
59362950
299158300
10972900
551301000
778179200
8000000
2445754600
27079900
636739600
715529400
233749800
528350400
183538200
471597500
37050000
509089400
465339500
11643800
1113624600
555758700
2013S7570C
72494100
225431800
10946000
308012800
222352250
80783294
206950759
575709283
30282900
688216600
22783900
16990375
402356700
13174500
120675000
123942400
13450000
568108600
3048200
111200200
164547500
37809300
161202000
23032700
93702900
86831600
19100000
342750000
1014738200
557047300
55050000
17749700
I 733300
28865300
300772700
2294752500
48b39965
Losses
Paid
Claims
Incurred
329778OS
1100000
11188101
300000
451300
9160358
9041134
3734100
100000
80895028
075000
13363215
5994007
1338848
4804949
5246534
3485000
500000
5229700
6524828
4235121
10109104
14295182
330000
3914000
4388522
10550900
82468944
1122720
33720708
1100000
11014852
300000
551300
9319408
8741134
3749100
100000
31241979
675000
3750000
0194007
1338848
4253396
3881488
2635000
500000
5422200
0882002
3594680
10593554
14258688
500000
4415245
3433422
17003100
80294905
2566948
Premiums
Received
60175425
2757705
13645534
5287247
1648275
17679840
324355
14096277
23001091
314208
82138305
298839
20151440
20050308
6775198
17551086
4912446
10169823
870762
15560463
10139160
16826578
37902475
27349697
78898365
3100751
5373442
301644
9646052
76593486
281474814
5702925LIFE INSURANCE COMPANIESContinued
Financial Condition as of December 31 1922 and Total Business Transacted During the Year 1922
Company and Location
Admitted
Assets
Liabilities
including Re
serves but
excluding
Capital and
Surplus
Paidup
Capital
Surplus
Insurance
issued in 1922
Paid for
Total
Insurance
in force
INCOME
Total
Premium
Income
Total
Income
DISBURSEMENTS
Paid to
Policyholders
and Bene
ficiaries
Total
Dispursements
Missouri State Life Ins Co St Louis Mo
The Morris Plan Ins Society 680 Fifth Ave
New York City
The Mutual Benefit Life Ins Co 750 Broacfst
Newark N J
The Mutual Life Ins Co of New York 34
Nassau St New York City
The National Life Accident Ins Co Nashville
Tenn
National Life Ins Co of the United States of
America Chicago III
National Life Ins Co Montpelier Vermont
New England Mutual Life Ins Co Boston
Mass
New York Life Ins Co 346 BroadwayNew
York N Y
North Carolina Mutual Life Ins Co Durham
N C
The Northwestern Mutual Life Ins Co Mil
waukee Wis
The Pacific Mutual Life Ins Co of California
Los Angeles Cal
PanAmerican Life Ins Co New Orleans La
Penn Mutual Life Ins Co 6th and Walnut Sts
Philadelphia Pa
Phoenix Mutual Life Ins Co Hartford ConnI
The Provident Life Accident Ins Co of Chat
tanoga Tenn Chattanooga Tenn
Provident Mutual Life Ins Co of Philadelphia
Cor 4th Chestnut Sts Philadelphia Pa
The Prudential Ins Co of America 755 to 769
Broad St Newark N J
Reliance Life Ins Co of Pittsburgh Fifth Ave
and Wood St Pittsburgh Pa
Reserve Loan Life Ins Co Indianapolis Ind
Security Life Trust Co Greensboro N C
Security Mutual Life Ins Co Binghamton
n y
The Southern Ins Co Nashville Tenn
The Southern States Life Ins Co General Offices
Atlanta Ga
Standard Life Ins Co Atlanta Ga
The State Life Ins Co Indianapolis Ind
State Mutual Life Assurance Co 340 Main St
Worcester Mass
The Travelers Ins Co
Conn
Life Dept Hartford
The Union Central Life Ins Co Cincinnati Ohio
United Life and Accident Ins Co 24 S Main
St Concord N H
39642
382
330475
691125
84603
61402
60885
63543
857894541
23224
84503
127966
988552
1632
546296
80018
02413
78769
21096
00970
30843
Volunteer State Life Ins
Tenn
Co Chattanooga
7335681848
1117126067
25371532748
6849737001
14359194
13301069751
139722467
2175191509
627S11400
33009472
1280171752
155426293
467960469
2042439
28658532 57
7865028249
25028755195
17493802332
249392085
720114304
3673211329
4008478
33047560885
65379348388
684512659
2161078972
7959534345
12102806867
98855221096
152027188
51267566836
6952851750
955036683
25371532748
6849737001
95535235
13301069751
87059635131
2029772370
581450590
16884884
1218017044
132034802
442407312
183799217
2665853257
7370111492
200000000
10000000
60000000
50000000
91073274
24252924
3733215155
113381882
111401046
490768068
693871902
150000000
100000000
23018895386
16490655701
172817442
656640697
30000000
200000000
100000000
20000000
15000000
15885250
10000000
12500000
750000000
250000000
50000000
50000000
11173782
3362064007
232830098
62089384
18056712
3380087330
45419139
26360810
11245
62154708
7506241
15553157
7944751
200000000
494916757
1259859800
753146631
26574643
10000000
11822078400
818067500
18075370300
39246593000
7428204400
2521648631
5209948900
8779132700
61050028300
2202744600
26578186500
8463432800
1769399400
15588493800
4669289300
297208000
8377007300
110828438700
1202
11438
84400
31900
211239800
10934
16587
10482
8378
25198
06700
17500
61100
53500
34400
4696980500
55677421400
12275914300
1013262400
1227220200
47267659500
863797500
152874925100
263060373700
10331406500
14225S59041
35820716500
66079775800
404216965800
3839999600
249962981100
43371568000
9075957800
116192027900
34350834400
1175327700
61011834900
631424766500
610669200
5106434400
684534800
7151079000
3342847800
4091561300
2288157500
15895305300
36537725300
205642373300
89851951100
3283816600
6071372100
1115364275
19582398
5077119866
9738790454
1041214460
425617226
1264942876
2163038242
15675707782
157417116
8182820219
1492852825
281515578
4017029490
1222492088
166423366
2190052964
21003694923
737888476
157591755
21712576
240585037
79571169
119305706
102963154
544873064
1159924460
46S3395260
3020825197
94334104
166765062

1471247192
21359034
0791269505
14100310248
1083396340
807814709
1703775281
2842241204
21324840597
165627929
11088138209
1930656447
351549954
5522074553
1659217389
185936734
2888935299
26113648483
8915
1962
51310
44705
23038567
105
734
523
155
7257
97381
03853
96513
33394
64800
1632813843
4102012656
109221314
220351712
232192603
3116317
1439437799
10369075721
420417332
245719806
972601000
642047453
16263407461
51105159
1036341750
11138963
4097913916
12735589639
944619020
657662365
1324774453
1729460895
20183324722
154147663
5872908716 7421088124
349753965
121449127
3067535727
403891617
62210200
768138783
8703950183
113724518
76444423
1900000
88466512
18447177
19299098
212814
127264745
761553763
5777419142 1741092889
1170136146
34545096
1250863587
243277573
4100125488
1104024001
166380642
2209887825
14923581690
506572086
155103143
17173041
251071754
62979105
98674341
69841067
475001376
1046182419
3143725771
2906870482
79031193
BUSINESS IN GEORGIA
Insurance
in Force
56539862 89600415
Geoigia Totals
1557996800
6105000
3592974800
5107096835
703893400
401633209
1394454727
1700612800
6785709900
628130500
3121266200
772423600
428972900
4781509300
504748041
38100000
714551000
3081174600
610669200
150917300
6250000
191099365
587496176
1601874400
411119400
909958900
504753000
1863282100
4180103100
41702900
343052200
74059781100
Insurance
Issued 1922
Losses
Paid
Claims
Incurred
55034700
6205000
325634700
828686718
487749600
40348736
149015758
248329900
1183385800
385820800
329450300
85188600
11859560C
321503400
57716707
1035000C
150019000
472882800
120284400
28535001
6000000
11743757
S87496176
454736900
111650000
138888500
88702500
400063200
512644000
0850000
130727700
15704135200
3941830
40000
41585700
64233520
Old 600000
Ind 26521200
9304679
19332092
8919900
87920336
0095000
38425323
6924400
3831732
57996594
4903690
20000
10858700
32606860
4020186
2344424
5112725
208600
02000It
4169700
4000000
4890285
14881111
47902973
141005
17456800
2370065200
5358265
40000
42835700
64783900
Ord 000000
Ind 27265900
9594679
12051548
8019000
87930520
0007501
39364180
7034400
4187932
53843394
460369C
40000
900000
32354397
3510446
1700001
5112725
209000
10284534
3809700
4400000
4890285
14632311
48231173
233850
1299240
852709300
Premiums
Received
46623794
172673
111840000
175585292
66314167
21910705
45288235
46415347
230111345
29008944
89581120
23784935
11092719
159404700
18208877
772894
19513334
83382386
18721091
4128549
313651
6543033
4494101
48686611
16707864
18493029
15940000
39097315
111515532
1270623
939367
750566700MISCELLANEOUS COMPANIES
Finacial Condition as of December 31 1922 and Business Transacted During the Year 1922
Company and Location
Admitted
Assets
Liabilities
Including Re
serves exclud
ing Capital
and Surplus
Paidup
Capital
Surplus
INCOME
The Aetna Casualty and Surety Co650 Main St Hartford Conn
Aetra Life Ins Co Hartford Conn
American Automobile Ins Co Pierce Bldg St Louis Mo
American Casualty Co Reading Pa
The American CreditIndemnity Co of New York Sll Locust St
St Louis Mo
American Indemnity Co Galveston Texas
American Mutual Liability Ins Co of Boston 245 State St Boston
Mass
American National Ins Co Galveston Texas
American ReInsurance Co 242 So 13th St Philadelphia Pa
American Surety Co of New York 100 Broadway New York City
Carolina Life Ins Co Columbia S C
Cloverleaf Life and Casualty Co
Columbia Casualty Co New York N Y
Columbian National Life Ins Co Boston Mass
Commonwealth Casualty Co Philadelphia Pa
Continental Casualty Co Hammond Ind
Employers Indemnity Corp Kansas City Mo
The United States Branch of The Employers Liability Assurance
Corp Ltd 33 Broad St Boston Mass
The Equitable Life Assurance Society of The United States 120
Broadway New York City N Y
Federal Casualty Co Detroit Mich
Federal Life Ins Co Chicago 111
The Fidelity and Casualty Co of New York 9294 Liberty St
97103 Cedar St New York City
Fidelity Deposit Co of Md N W Corner Charles and Lexing
ton Sts Baltimore Md
Fidelity Union Casualty Co Dallas Texas
General Accident Fire and Life Assurance Corp Ltd 4th and Wal
nut Sts Philadelphia Pa
Georgia Casualty Co Macon Ga
Globe Indemnity Co Administration Office Newark N J
Hartford
Hartford Accident and Indemnity Co 690 Asylum Ave
Conn
Hari ford Live Stock Ins Co 75 Maiden Lane New York N Y
The Hartford Steam Boiler Inspection and Ins Co Hartford Conn
Home Life and Accident Co Little Rock Ark
Indemnity Ins Co of North America Philadelphia Pa
Integrity Mutual Casualty Co Chicago 111
InterOcean Casualty Co Cincinnati Ohio
Interstate Casualty Co Birmingham Ala
Interstate Life and Accident Co Chattanooga Tenn
Liberty Mutual Ins Co Boston Mass
Lloyds Plate Glass Ins Co No 1 Liberty St New York City
London Guarantee Accident Co Ltd 134 So LaSalle St Chi
cago 111
Loyal Protective Ins Co 581 Boylston St Boston Mass
Lumbermens Mutual Casualty Co Chicago 111
Lumber Mutual Casualty Co 41 E 42nd StNew York City N Y
165392997
See Life Report
384121842
161320606
249073877
178492610
1209679972
1429662393
361470087
1554552434
See Life Report
See Life Report
408320639
See Life Reprt
71260367
1022605374
267235508
3089101941
10659885
56638090
See Life Report
2841680864
1470275823
80062453
1024009238
221859282
18773964
1677981319
135390099
1076687579
22609324
693219194
215246692
43550955
85540627
See Life Report
760970703
191209653
1865133888
75282538
225978659
110575696
1093182108
293989050
86098250
136926181
76437909
925581906
1201177788
220596306
835420331
256230044
36961690
772605374
160059794
2251149162
166442848
11559393
2035434206
879940341
50083369
840376902
166802145
1383786675
1217547531
48839250
571414873
184939116
466145239
165246692
12551825
48372453
599371753
77827784
1613342722
38152975
187740832
77909273
2000OOOOC
30000000
50000000
35000000
60000000
100000000
75000000
50000000C
100000000
30000000
150000000
70000000
25000000
See Life Report
35000000
400000000
300000000
20000000
50000000
30054000
150000000
100000000
50000000
200000000
25000000
100000000
Mutual Co
20000000
30000000
75000000
80000000
10000000
360747870
60132792
25222356
77147696
42054701
284098066
128484605
65873781
219132103
52090595
4298677
100000000
37175714
812952779
See Life Report
10078706
406246658
290335482
9979084
133632336
25003137
343609793
300433788
25746946
305272706
16154131
127073955
50000000
10999130
7168174
161598950
38381869
171791166
37129563
38237827
32666423
Total Net
Premiums
Total Income
DISBURSEMENTS
Net Losses
Paid
Total
Disbursements
1096112172
327981254
90301472
14950I794
3454X325
767991 60
42084340
101790037
7510KS 82
30S303318
80881725
1146791186
173870356
1964010433
186675201
40312853
1808142420
904074991
80558122
1007334004
210075 55
1341443294
1341044493
81651000
38415531
61157004
557820341
190164030
89772067
94993108
60141085
99964090
98018111
225931045
69085376
1158464366
343514240
98827810
163853301
43688848
874463184
660679804
131625404
859618695
338600137
85233750
1189110202
187812069
2208920038
187009892
44115686
1934037806
1034415826
86748613
1052729144
224286811
1415712279
1404047877
86087949
405843317
117592128
677015360
222147861
92141744
100474349
597326303
107098107
111431339
253438564
72934584
38070606f
141671160
33222447
142979866
27685261
398634128
16623259
23517196
247161288
90958945
3759776f
51273784f
109254887
985061398
114545520
13644485
744143818
262342820
4483441
437195487
1083711
500552317
50062595
58217563
39981547
2945778t
161933158
92250276
34141411
44448444
283844729
25496758
59628013
76407371
38719238
1061269730
294420013
81338210
205437147
54805931
873193175
470257640
77813157
792183472
225456576
76756791
1113392385
232579364
2149027763
189158948
58411800
1941453277
861890553
85079547
897593299
222175303
1167481020
1114737171
95096071
315916873
78021861
393094948
189210628
92731607
97646747
592234298
145401676
113405893
185531252
73932980MISCELLANEOUS COMPANIESContinued
Financial Condition as of December 31 1922 and Business Transacted During the Year 1922
Company and Location
Admitted
Assets
Maryland Casualty Co Baltimore Md
Masonic Accident Ins Co Springfield Mass
Massachusetts Bonding and Ins Co 7781 State St Boston Mass
The Massachusetts Protective Association Inc 18 Franklin St
Worcester Mass
The Metropolitan Casualty Ins Co of N Y
Metropolitan Life Ins Co New York N Y
Missouri State Life Ins Co St Louis Mo
National Casualty Co 422 Majestic Bldg Detroit Mich
National Life Ins Co of U S A Chicago 111
National Relief Assurance Co 244 S 8th St Philadelphia Pa
National Surety Co New York N Y
New Amsterdam Casualty Co 227 St Paul St Baltimore Md
New York Plate Glass Ins Co New York N Y
North American Accident Ins Co Chicago 111
Norwich Union Indemnity Co 75 Maiden Lane New York N Y
United States Branch of The Ocean Accident Guarantee Corp
Ltd New York Office 114 Fifth Ave New York City
The Pacific Mutual Life Ins Co of California Los Angeles Cal
PanAmerican Life Ins Co New Orleans La
Phoenix Indemnity Co 75 Maiden Lane New York N Y
The Preferred Accident Ins Co of New York N Y 80 Maiden
Lane New York N Y
Provident Life Accident Ins Co Chattanooga Tenn
Reliance Life Ins Co Fifth Ave and Wood St Pittsburgh Pa
The Ridgely Protective Assn 18 Franklin St Worcester Mass
Royal Indemnity Co 84 William St New York City
Southern Surety Co Des Moines Iowa
Standard Accident Ins Co 640 Temple Ave Detroit Mich
The Travelers Indemnity Co Hartford Conn
The Travelers Ins Co Accident Dept Hartford Conn
Union Indemnity Co New Orleans La
United States Casualty Co 80 Maiden Lane Now York N Y
United States Fidelity Guaranty Co Baltimore Md
Zurich General Accident and Liability Ins Co Ltd 175 W Jack
son St Chicago 111
3159886073
43648209
762550195
326245945
159107522
See Life Report
See Life Report
57214096
See Life Report
18931330
3068234643
1028008795
200197181
125859595
240804431
1876202100
7335681848
See Life Report
121983966
808603560
See Life Report
2175191509
69024561
1709772826
684752038
1551968558
1001020678
25028755195
445431615
794956953
3580817454
1028812311
Liabilities
Including Re
serves exclud
ing Capital
and Surplus
2114802640
25623087
499999167
230188426
73017969
19202185
31
16229
7565
815
880
1407
17347
69528
219
5686
91362
18185
47619
53599
22175
05471
90619
51750
60587
03560
2029772370
32800188
1332274021
527182215
1087389398
733499176
23018895386
294213423
629534978
2332408621
859118404
Paidup
Capital
Surplus
500000000
10000000
150000000
50000000
30000000
20000000
10000000
1000000000
150000000
11461176
50000000
20000000
50000000
75000000
150000000
50000000
140000000
100000000
10000000
100000000
100000000
250000000
150000000
750000000
100000000
100000000
500000000
45000000
545083433
8025122
112551028
46057519
56089553
18011911
57
4453
1100
686
178
500
664
2328
500
1000
39968
16458
00000
43582
37420
98960
11481
30098
23379
00000
45419139
26224373
277498805
57569823
214579160
117521503
1259859809
51218192
100089172
748408833
124693907
1MCOME
Total Net
Premiums
Total Income
DISBURSEMENTS
Net Losses
Paid
2015454201
75331378
656623111
428508239
112542865
120725742
32781766
1391645025
755090308
118856186
204538728
181599233
1261407025
419607757
2186S695
28514901
109731489
1151766717
646273961
986057879
853434547
3733455437
379005771
636809532
2655990242
740230868
2267700039
88488611
693636089
500835212
121207565
128570781
36803546
1685067258
874002770
138530916
215426572
189998745
1359585807
451400123
28574505
891551310
127985190
1212176734
670869595
1001155854
895426833
4168539632
434748893
675134018
2846009495
786790884
912573170
36758753
284679511
258789016
31891117
52675947
12146204
519513474
300092228
35085798
81453013
68641589
709769790
131223814
1764508
14815195
65718690
459020590
246172838
444789000
310751413
1749897232
143642928
305538265
1184934787
362158550
Total
Disbursements
21
82537197
81786362
643643888
455679574
111529458
122945480
35771583
1705053024
694092225
130901000
201831949
156656139
1454586142
344582733
17186255
506572086
126345241
1091200396
582890348
1047966220
775131055
3997281708
382115072
055580581
2755393293
735225971MISCELLANEOUS COMPANIES
Accident
Aetna Casualty and Surety CoLos
Aetna LifeLoTea
American AutomobileLosss
American CasualtyPs
American Credit IndemnityLosS
American Indemnityfttamj
American Mutual LiabilityLoaSs
American National
American ReInsurance CoLosSI
Premiums
Losses
American Surety
General Accident Fire and Life
Georgia Casualty
Globe Indemnity
Premiums
Losses
Premiums
Losses
Premiums
Losses
Carolina Life
Cloverleaf Life and CasualtyLos
Columbia Casualty
Columbian National Life
Commonwealth CasualtyPremiums
Continental Casualty lobs
Employers Indemnity Corporation Losses
Employers Liability Assurance CorporationPie LosSs
Equitable Life Assurance Society
Premiums
Losses
Federal Casualty
Federal Life
Fidelity and Casualty
Fidelity and Deposit Co of MarylandLosS
Fidelity Union Casualty
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
9260
327353783
1264281
AccHealth
4337955
623967
7325
AccHealth
AccHealth
229657
20732
607213
173133
AccHealth
4106354
1585856
AccHealth
227408
16550
601117
112840
AccHealth
1147555
488507
3517339
1564638
1218414
325246
192520
17873
GEORGIA BUSINESS 1922
Health
Auto
Liability
Liability
Other than
Auto
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
Receved
4916
IiU7576
781274
1217194
534665
4337955
2889988
11154383
7007608
2583066
1068283
218525
185187
260601
284522
236935
222797
1410962
1294732
151320
196734
159072
44688
1031692
830872
184762
83172
732
28786i9
1777360
442018
38475
695913
160300
2732
133716
373981
51500
20971
4354939
3141290
1142424
1121511
123359
105533
2374963
355132
183
1306877
1098050
87232
1000000
268941
193875
5133
847126
271190
Auto other
1308343
95840
1768753
334720
124368
52900
698813
75460
4736408
2090717
1514686
1097357
3235393
1498596
5298842
3020186
2265
162258
9725
8500
02802
9124
93962
61245
1954502
608337
9348
132783
31755
986607
1086260
645470
90900
1084904
418737
167512
107707
210307
86410
2088489
1120519
2039839
569376
1850033
1485819
637687
173560
7204358
4498648
3106558
1175367
1124690
134002
7920498
4508687
5742743
2767308
1277810
69872
1016591
306895
5605487
1122351
9007604
395737
917788
185123
236640
81718
187146
147040
329531
44007
74679
8399
303138
39334
1011295
181235
92336
6256
797693
170161
734390
109265
579468
402513
88921
43285
880
1312
663140
129988
457563
619352
97825
9678
163065
31160
1482756
423444
269031
49090
73916
20565
343345
268923
274172
204143
1330366
1957706
159972
480
39218
4451
460435
20613
12408
109026
3478
4970
77025
1535597
958249
194987
24971
368662
236305
187101
56858
1415858
538242
394408
87055
93845
507055
237044
1370495
498466
332649
88562
2941137
1504645
969807
318358
14819
245
15230
100301
319
6010
238710
68568
17316
1553
2164
350
11526
8943
5938
4790430
l2l7739ri8
637005
2645676
1330366
1742
6128546
867759116
373799
1417891725
11154383
25783066
6314117
76704
236935
7108579i
164980
53798l85
167328769
184762
117475755
18054694
l567l93778
197837761
4365022
1767ll77l2
97804794
Losses
Paid
1887580
64495761
63446
2l72159o
197677766
235329
3372247I9
3139755
5761026
7007608
l676823
2085840
47576755
222797
33773l7lf
292268
is726786
974377I2
83172
47885757
7343672
3212l735
l573877l9
1839915
96a97764
3377377I9MISCELLANEOUS COMPANIESContinued
GEORGIA BUSINESS 1922
Accident
Hartford Accident and IndemnityPums
Hartford Live Stock
Hartford Steam Boiler and Inspection Colotsm
Home Life and AccidentPremiums
Indemnity Insurance Co of North AmericaLosses
Integrity Mutual Casualty CoLosses
InterOcean Casualty CoXes
Interstate Casualty CoLosS
InterState Life and AccidentLoSes
Liberty Mutual Insurance CoLoSes
Lloyds Plate GlassPr
London Guarantee and Accident Co LtdLosss
Loyal ProtectivePs
Lumbermens Mutual Casualty Co Tosses
Lumber Mutual Casualty CoPro0
Maryland Casualty Cooes
Masonic Accident Insurance CoLos
Massachusetts Bonding and Insurance CoLosses
Massachusetts Protective AssociationLosses
Metropolitan CasualtyLoses
Metropolitan LifePlJSS
Missouri State Life
National Casualtyemiums
National Life Insurance Co of U S AToSes
National Relief AssuranceLosSs
National Surety XTes
New Amsterdam CasualtyPrCL0s
371145
134313
379507
69169
11879
24385
AceHealth
AccHealth
1930164
1019375
AccHealth
3347119
1937407
AccHealth
AccHealth
AccHealth
348i93
16786
321089
28414
AccHealth
AccHealth
AccHealth
226111
9623
Healtii
222
211
3 13069
2511038
I 133
8428
I 250
5200
13955121
4809779
1714628
802053
174605
124161
2420627
1668579
2327425
1422805
1739695
812070
7351419
6002120
443754
138180
1118265
20071
1296315
660647
9728505
3356002
2234041
1128111
114700
31295
Auto
Liability
Liability
Other than
Auto
Workmens
Compensation
Fidelity
Surety
Plate
Glass
65 2609621
67 581791
1200
2296388
875255
1671333
234865
2037204
1303314
36174
21000
2965801
2196082
500994
130450
5174646
2117584
579105
90300
603532
120395
427271
123450
303472
76375
43777
5000
20145
16813
702292
379774
14T82
2986856
1617238
67668
139506
1699478
497080
764516
238660
1735765
609536
81894
58458
3495830
2023239
2473555
1381650
359137
244644
10960021
6648958
652258
651962
1178933
27161
337129
1333907
35127
607383
61044
8544177
6442254
1869583
185121
539982
3304435
513422
475566
65000
9081977
1976955
496759
114038
779105
270365
12512
1700
342490
72677
89586
4575
30590
17267
1656323
376492
367731
82184
415032
147512
200959
75863
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
1100176
313806
351031
111655
800812
378503
2097218
717943
248394
159037
231187
599837
27615
286314
96838
228800
124725
7577
3829758
21423
120435
16567
855886
4420
1103408
271962
2000
418403
43238
1598764
700820
600
1162000
428399
543338
190013
1051188
716128
15994
1599339
1020845
165185
118632
3455807
2153755
361800
39524
346066
150576
25535
3970
5922
4223
19150
25173
11125
1800
819845
601749
1800
11599830
87l98 45
49r33i66
iioo
7261069
40i36637
250
3i08537
139551721
150875
342490
l4652683
iUebh
3i89429
359i37
38271221
2327425
4449T42
735JL4i9
4a5032
fIOf
439354
1296315
9728505
l8372l6Ti2
257i336
2835125
66l749
214723
2325916
167739727
52bb
26I442
i7e97r79
79458
72677
nliiM
l724l76l
l667i49
244644
17775034
H22I6iT
l369l759
66762I726
I7475712
l7o5266
544185
eeoeir
3356062
irmrir
lMoOi
ii736o752MISCELLANEOUS COMPANIESContinued
GEOEGIA BUSINESS 1922

Accident
Health
Auto
Liability
New York Plate GlassPremiums
Losses
North American AccidentPremiums
Losses
Norwich Union IndemnityPremiums
Losses
Ocean Accident and Guarantee Corporation LtdPremiums
Losses
Pacific Mutual LifePremiums
Losses
PanAmerican LifePremiums
Losses
Phoenix IndemnityPremiums
Losses
Preferred AccidentPremiums
Losses
Provident Life and AccidentPremiums
Losses
Reliance LifePremiums
Losses
Ridgely Protective AssociationPremiums
Losses
Royal Indemnity CoPremiums
Losses
Southern Surety CoPremiums
Losses
Standard AccidentPremiums
Losses
Travelers IndemnityPremiums
Losses
Travelers Insurance CoPremiums
Losses
Union IndemnityPremiums
Losses
United States CasualtyPremiums
Losses
United States Fidelity and GuarantyPremiums
Losses
Zurich General Accident and LifePremiums
Losses
Totals Premiums
Losses
3439835
1900243
69007
4500
866887
193172
2430164
399005
13748
5T66
574189
96612
AccHealth
413471
415096
AccHealth
491879
70411
328
5395724
1667938
168297
40650
10569610
5117809
151093
8486
1161884
375846
1517745
595944
5633
53642045
20318807
46615
473GU
582B6S
235693
2499409
1016307
7072
142100
138184
8095892
4550873
493971
428145
328025
266319
301509
76640
2025842
1250740
16902
2JMJi284
1072276
34590
1155683
592308
983316
654986
93209492
51636993
Liability
Other than
Auto
766298
134208
2837790
1029550
1200
4i6395
56200
29634
1688224
432760
10324
51500
1272766
555386
8936991
3764889
432154
69185
2974076
873127
5372110
1534127
585008
72125
61606000
22778752
34274
37500
751348
522851
1650
667550
183800
158032
2638765
1140015
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
356765
30965
3589014
2419360
877 86
11 434 64
8 673 73
21 684 49
4 014 30
1 no 26
218 35
185 340 36
90 646 87
2292964
1150104
912839
250783
14637669
8661637
240064
57638
5412895
2880665
11042923
7256947
264283
59211
87898059
49276422
1565179
412644
1679
71711
710
6152508
3294124
35958347
17698611
1433181
742414
15987
02671
16716
11290
6188
74163
97311
231677
13632986
3242649
47132844
8735667
743150
248155
719356
172018
83350
358L97
48662
1182301
267019
12132413
2908757
I 4 7 703
3110
380477
267157
3672
163935
6680
394955
199359
13224
3365384
895930
60154
29766l
126138
2326187
402178
17132861
5914402
545600
1228304
469068
4017
94798
947
21 C7153
31S 6010
19548
408320
480
124725
7577
52036
1143584
107411
6982828
178902
185958
1893
1011353
854924
2904987
906470
288366
102471
1648813
992575
600
216046
97695
11452
842967
464988
4924
3200
733073
523226
4610362
1690854
282239
207829
1546591
561247
2852283
1339316
251934
78237
33901332
16129085
1000
850
17555
2325
18412
9490
172080
216179
43000
19875
60255
561247
34894
17399
721994
476679
828788
607687
402671
3439835
i72lol8
12258381
4929573
20820
7622
1532731
i36978
907262
28025
Io287666
45810
lolMeeii
11207498
38984319
1817818
l4lil6646
473l35250
1217884
475226224
iii7ia
1966243
372i44
6993262
l4l53Tl2
395371
4556873
iZ2AV
26aZW
39831168
54700
4257563
39779T6u
1975662T
363623
63i34635
igooeilio
231408
2l6425988
M
INDUSTRIAL LIFE HEALTH AND ACCIDENT INSURANCE COMPANIES
Financial Condition as of December 31 1922 and Business Transacted During the Year 1922
STOCK COMPANIES AND LOCATION
Atlanta Life Insurance Co Atlanta Ga
Bankers Health and Life Insurance Co The Macon Gil
Guaranty Mutual Life and Health Ins Co Savannah Ga
Industrial Life and Health Ins Co Atlanta Ga
Pilgrim Health and Life Ins Co 1143 Gwinnett St Augusta
Ga
MUTUAL COMPANIES
American Ins Co 115 Park Ave W Savannah Ga
Chatham Mutual Life and Health Insurance Co 458 W
Broad St Savannah Ga
Georgia Mutual Industrial Life and Health Insurance Co 827
Gwinnett St Augusta Ga
Liberty Mutual Life and Health Ins Co Savannah Ga
Peoples Health and Life Ins Co The 455 Cotton Ave
ASSESSMENT COMPANIES OF OTHER STATES
Guarantee Fund Life Association Omaha Neb
National Life Association Des Moines Iowa
Admitted
Assets
Liabilities
including
Reserves but
excluding
Capital and
Surplus
Paidup
Capital
40581009
14643686
5400863
47250781
16114689
930076
1111266
2529896
805290
914362
595291178
197448081
26384139
8284118
2860928
18834964
10509037
785875
930375
2052311
766212
445997
151243868
60966957
10000000
2500000
2500000
10400000
2500000
Surplus
4196870
3859568
39935
18015817
3105652
144201
180891
477585
3907 8
468365
444047310
Paid for
Issues
in 1922
719029200
39832300
3964225
2161850
2479400000
1090700000
Total
Insurance
in Force
INCOME
Premiums
Received
974597780
326999200
109480000
26124800
10856665
8046440
14339550000
7289650000
85416400
58647675
20322883
218054510
60841844
3026505
8092221
19765894
2866968
3330317
235866154
126051485
Total
Income
DISBURSEMENTS
Paid to
Policyholders
Total
Disbursements
881 824 54
593 237 08
206 312 91
2198 836 98
629 047 06
36 549 00
82 660 53
205 023 79
30 010 05
34 113 34
2672 414 90
1357 869 62
BUSINESS IN GEORGIA IN 1922
Insurance
in Force
Insurance
Issued 1922
Premiums
Received
Claims
Paid
344704 15
259344 10
88 696 69
1013 228 07
30841272
15 671 68
33 181 76
94 432 43
10282 59
13 871 00
752 755 19
490 750 00
79901520
58562171
20672065
222174481
63347242
3646760
8284803
20189457
3029036
3401605
168360179
95964659
Total Georgia Business of Industrial Life Health and Accident Insurance
681299745
326999200
109480000
473960200
462258100
20539972
26124800
39241000
102552780
10856605
8046440
1868210
12550000
16700000
29250000
2270068800
447434100
281402400
87678500
277738400
80562454
11748159
39832300
19550000
12323405
1975635
2161850
758432
6700000
6700000
1257359100
58328957
25092695
20322883
109687755
60841844
2742741
Total
3026505
8092221
19765894
2866968
3330317
370818
250565
280402
537100
311893000
Death
Sick Ace
D
SA
D
SA
D
SA
D
SA
7415807
17500905
3611225
22323145
1436160
7340409
8392395
43774905
6833418
24007854
D
SA
276890
1149472
1420362
Death 275100
Sick Ace 1292068
D
8A
D
SA
D
SA
D
SA
626405
2691771
1561418
7881825
122170
900089
209080
1180020
D
SA
27922
139517
Total107439
D 30481200
KAI2889N900
Total 59380100
Losses
Incurred
7415807
17500905
3709225
21538470
1389260
7989270
8294217
43885115
6884621
24031242
270931
754450
1031381
281913
1294068
676775
2982884
1575568
7899352
126920
808339
205000
1170800
28661
142425
171086
30559200
89087500
120246700Showing
ASSESSMENT FIRE COMPANIES
Business Transacted in the State of Georgia During the Year 1922
Name of Company and Location
Admitted
Assets
American Liberty Fire Insurance Co Cartersville Ga
Bartow County Mutual Fire and Storm Insurance Co dairsville Ga
Farmers Cooperation Fire Insurance Co Jackson Ga
Farmers Mutual Fire Insurance Co of Georgia Dawso Ga
Farmers Protective Fire Insurance Co of Ga Lithonin Ga
Free State Cooperative Fire Insurance Co Danielsvilii Ga
Georgia Farmers Fire Insurance Co Gainesville Go
Gordon County Mutual Fire and Insurance Co Calhom Ga
Home Mutual Fire Insurance Co Atlanta Ga
Planters and Peoples Mutual Fire Association of Bulloch Co Statesboro
Gu
Southern Cooperative Fire Insurance Co Macon Ga
South Georgia Farmers Fire Insurance Assn Thomasville Ga
TOTALS
102306
78077
7792
940405
38628
60548
641383
30815
55393
311325
24160
19118
Liabilities
Surplus
40293
7792
54500
447500
142500
156350
17850
102306
37784
769613400
885905
408872
60548
498883
30815
55393
154175
Premiums
Received
24160
1268
371160
247214
3656354
2083000
739837
113029
1011706
185191
284670
504635
141135
9550701
Total
Income
371160
247214
3656354
2083000
760791
113029
1011706
235191
359670
504635
141135
292470
9776355
Total
Disbursements
323445
245423
3655963
1852791
1711331
75985
943725
276646
329122
466523
151715
278665
10311334
Losses
Paid
9700
209650
3363883
1678600
1057500
57877
450326
251307
8400
376850
35000
140522
7329615
Losses
Incurred
9700
249943
3679583
1723100
1155000
2500
490326
251307
8400
533200
35000
140522
8278581
i
FRATERNAL BENEFIT SOCIETIES
Financial Condition as of December 31 1922 and Business Transacted During the Year 1922
Society and Location
Admitted
Assets
Matured
Liabilities
American Insurance Union Columbus Ohio
American Woodmen Supreme Camp Denver Colo
American Workmen 71611th St N W Washington D C
Benefit Association of Railway Employees WO N State St
Chicago Ill
Ben Hur Supreme Tribe Crawfordsvifle Ind
Catholic Knights of America 211 N 7th St St Louis Mo
Columbian Circle Chicago 111
Columbian Mutual Life Assurance Society Mi mphisTenn
Fraternal Aid Union Fraternal Beneficiary Society Law
rence Kans
Golden Cross United Order of Empire Bldg Knoxville Tenn
Golden Seal Assurance Society Roxbury N V
Grand Fraternity 162628 Arch St Philadelphia Pa
Heralds of Liberty 40101214 Chestnut St Philadelphia Pa
Knights of Columbus 45 Wall St New Haven Conn
Knights of Pythias Ins Dept Supreme Lodge Indianapolis
Ind
Maceabecs 5065 Woodward Ave Detroit Mich
Masonic Mutual Life Association Washington D C
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 266 and 268 Grand
St New York City N Y
Praetorians Modern Order of Dallas Texas
Railway Mail Association 10 Congress St Portsmouth N H
Royal Arcanum Supreme Council of 407 Shawmut Ave
Boston Mass
Royal Neighbors of America Rock Island 111
Security Benefit Association Topeka Kans
Travelers Protective Assn of America St Louis Mo
United American Mechanics of the US Beneficiary Degree
of the National Council of the Jr Order Pittsburgh Pa
United Commercial Travelers of America Columbus Ohio
Womans Benefit Association of the Maccabees Port Huron
Mich
Womens Catholic Order of Foresters 140 N Dearborn St
Chicago 111
Woodmens Circle Supreme Forest of Omaha Neb
Woodmen of the World Sovereign Camp Omaha Neb
Workmens Circle The 175 E Broadway New York N Y
SI711570S3
99994134
24379427
82085012
401057720
109025693
60346495
242901900
523748461
13334195
103288160
65075634
19401137
1628178430
1547529050
1712950884
669075434
614446810
3397648845
67740618
395511990
18632756
394415108
25187874
1371913007
1326615925
278596124
92879118
134116532
189405400
1793102491
540724514
1206474400
5612990755
234496167
24713083
2405252
391246
12135674
13706702
6392971
8520314
224425900
339361558
7266070
95250888
13181127
4835144
1185037030
1356953256
903683614
607993693
33024418
251879418
11870501
340761723
8308169
7174067
957800
49648884
50264960
74709895
18116729
3767424
22575100
28463552
14120139
29394100
163292416
9452776
Actuarial Ratio of
Assets to Liabilities
Certificates
Issued Dur
ing Year
Total
Amount of
Certificates
in Force
INCOME
From
Members
From all
Sources
2 Classes
10876
10269
10069
19400
98099
6718
14584
Not Reported
1023
10000
7784
11100
8372
8100
13365
11200
605
1166
1012
8389
5584
7439
919
1056
2 Classes
XXX
2 Classes
2 Classes f
8769
f 6166
3 Classes 10391
l 14065
Accident Benefits Only
99144
2 Classes 16904
1 7237
10000
Accident Benefits Only
8629
Accident Benefits Only
2 Classes
10063
8751
10037
10287
1017
12635
1906206034
841040000
55800000
136700300
783470500
62525000
79650000
698150000
1451989300
134325000
597000000
176370400
332550000
2206700000
1180175000
1362400000
3594216100
1 390680000
12940400000
587130000
138504300
19650000
1240350000
441600000
1 2488400000
2558550000
8S51500000
243750000
5254500000

2450775000
141150000
997660000
4112835000
1C1310000
111529866154
2429770000
291700000
312600000
6864300800
1878039149
2118973227
3245353000
8017205300
1325377500
1355310318
1290180900
1067370000
24129511133
11487825400
28587232200
12268510000
5604446706
163145750000
2612070000
5709895800
750175000
4496280400
6475600000
20343862500
40089750000
26691174900
51009000000
2044100000
52998500000
18854947535
5994865000
13466135700
64600315600
2153110000
233659362
49757400
16335207
118156514
164505688
45453367
73659684
85229500
343298091
42354731
24579568
28363414
40529100
287410301
336763719
904539614
321460857
121318571
2205885040
40045907
301517307
29649371
103610802
14964975
580472902
563454571
389238376
83821000
52417039
131446300
349552854
201697939
267874100
1306922878
100415300 I
260651288
55528818
19244355
122093632
185675423
50818299
77183104
98394000
368512773
42891513
38519906
34785132
43208392
449820832
408837403
990660944
364182693
153918161
2641371932
42146634
313406815
33118845
141484431
18330116
667799497
697251610
404315489
88105360
59416175
144085800
433123706
234381160
325150700
1618150391
122201500
DISBURSEMENTS
To Members
Total
Disbursements
BUSINESS IN GEORGIA IN 1922
Certificates
in Force
123122
Written in
1922
Claims
Paid
Claims
Reported
Premiums
Received from
Members
141530973
16792022
3104370
54935826
83623302
46255945
50771745
31391700
191288032
39904688
11318709
18670371
21835000
141072149
210234341
633504486
56969429
80099331
1836562710
30016214
212508825
27522200
51753651
9531700
451920193
286103333
297784301
62163977
15354795
91573900
184158500
155172791
121580200
725513371
42091800
210928204
39757194
13231321
108113852
119450079
53486751
75565579
06747600
264931615
45379638
24943188
31078898
36272425
219720668
264090521
948929133
171439129
101830379
2102762442
41034247
255348657
30758666
100743722
11716312
484436204
346382134
377714150
77632987
33223840
1 20293000
265151338
167555555
195202100
981136857
80919600
Georgia Totals
7150000
63700000
7215001
1350000
44122800
22539371
1000000
127927500
114216600
2175000
25125000
850001
26950000
48065000
409665800
119650000
153740000
13350000
514650000
63480000
100078100
1250000
166279000
174800000
321275600
3750000
5750000
1618000000
45500000
432000000
78975000
305853200
2529317400
7280000
87557030400
200000
53070000
325000
13813400
200000
30666766
8000000
4200000
850000
7050000
3100000
10750000
6400000
69767500
100000
80700000
7110000
1206200
50000
154025000
15600000
9750000
5200000
430500000
1800000
29500000
30080000
77180000
426765000
660000
1462994600
1521500
809519
797911
254559
1350000
1709500
2581488
100000
500000
300000
7400800
2055084
900000
300000
3420000
952500
5575000
300000
308700
8340501
2109100
486670
92860C
600805
3073700
25793296
50600
127154900
2057500
863468
753925
425000
1950000
1670000
2835100
1000
100000
150000
300000
6526800
2337644
1000000
300000
3000000
875000
5600000
500000
351000
9298552
5150000
945200
260000
440000
600000
3137900
24081101
50600
71239900
123595
3759514
2606500
1149198
823400
570542
19960
2824500
4950987
42542
550211
271898
505381
661886
0129468
2375467
3288398
228779
7176610
1057707
5363689
15280
2950626
432050
11171213
83160
112208
3485900
833596
1090000
724880
5921600
51178995
321970
75289800
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
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
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
These Societies have included reserve in their liabilities
Changed to Old Line basis as of 1123 with change of name to Acacia Mutual Life Association
be held to he legally
If the ratio is below
solvent so long as the funds in its
100 per cent the probability is thatI
UNIVERSITY OF GEORGIA LIBRARIES
3 ElDfi D542M HbM r