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