Report of the Insurance Department of the Comptroller-General's Office for the Year Ending December 31, 1923

REPORT
OF THE
INSURANCE DEPARTMENT
OF THE
STATE OF GEORGIA
FOR THE
YEAR ENDING DECEMBER 31
1923
v xj v x i
REPORT
OF THE
INSURANCE DEPARTMENT
OF THE
STATE OF GEORGIA
FOR THE
YEAR ENDING DECEMBER 31
1923
i
Commercial Press Inc Atlanta
INSURANCE DEPARTMENT OF THE STATE OF
GEORGIA
Atlanta Georgia January 1 1924
To His Excellency
Clifford Walker Governor
Sir
In compliance with the law of the State of Georgia I
have the honor to submit herewith the annual report of the
Insurance Department for the year ending December 31st
1923
The report given shows the results of the operations of
the several insurance companies associations and fratern
al societies licensed to transact business in this State and
their financial condition at the close of the year In the
preparation of this report I have followed the plan adopted
the last two years condensing 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 con
venient 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 this State The year
1923 has surpassed all other records There is a steady and
remarkable development in the line of life insurance writ
ten upon citizens of Georgia the year 1923 showing about
2000000 more in premiums paid than in 1922 with over
75000000 additional insurance in force and with only
1500000 additional death and endowment claims paid
Special comment has been made in other years as to the
report of fire and marine insurance especially as to the
ratio of losses paid to premium income in the years of 1921
and 1922 A parallel was drawn between this showing andthe then existing business conditions which parallel point
ed out a decided improvement in 1922 over the conditions
of 1921 In 1921 the loss ratio on fire and marine insur
ance was 10853 of the total premium income In 1922
thru more care in the avoidance of risk and by reason of
better business conditions the ratio had been reduced to
6177 There is a still better condition in 1923 the losses
reported being 5285 of the total premium income on
this class of business
Fire losses throughout the country inevitably run paral
lel with business conditionsadversely affected by busi
ness depression and lessened by business prosperityand
the results here shown may very safely be taken as a sure
indication of decidedly better business conditions through
out the State There is still considerable room for im
provement however in the matter of prevention or lessen
ing of fire losses There is a tremendous waste of prop
erty that could otherwise be saved to the citizens of the
State and it would be well I believe 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
comparative tables have been made up in connection with
the smaller groups of companies industrial life and health
assessment fire and and fraternal societies but the finan
cial statements submitted by these organizations and the
examinations made by this Department show fair develop
ment where the companies are properly managed
STATISTICAL REPORT
Showing Business Transacted by Insurance Companies Li
censed to Operate in the State of Georgia During the Yeai
Ending December 31 1923 Also Financial Condition of
Such Companies on December 31 1923 as Shown by Com
panies Reports on File with the Insurance Department of
the State of Georgia
COMPARATIVT TABLE OF PREMIUMS LOSSES AND
INSURANCE IN FORCE FOR THE YEARS STATED
BUSINESS IN GEORGIA
FIRE MARINE and INLAND and TORNADO
COMPANIES
Year Premiums Collected Losses 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
1923 13473353 7131294
Losses Paid in 1923 7118367LIFE INSURANCE COMPANIES
Year Premiums Collected Insurance in Force
1893 23755244 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
1923 25761450 825948442
Claims Paid in 1923 10060009
Year
1903
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
MISCELLANEOUS COMPANIES
Premiums Collected Losses Paid
122957
1653515
1639581
2430287
1893341
3073238
3124705
4914904
4921820
4877050
4752262
5544161
14333
832971
827347
1517844
832279
971756
1262424
1867054
2070874
2373105
2104260
2572475
The foregoing do not include assessment industrial and
fraternal organizationsCOMPANIES LICENSED
During the year 1923 classes and numbers of companies
licensed to transact business in the State of Georgia were as
follows
Fire Marine and Inland and Tornado 155
Life Legal Reserve 67
Miscellaneous Casualty Surety etc 78
Assessment Life and Accident 2
Local Industrial Life Health and Accident 9
Local Assessment Fire 16
Fraternal Societies 34
Total 361
Deduct number of Life Companies reporting
miscellaneous business 18
Net 343
ADMISSIONS IN 1923
Fire and Marine Companies
East West Insurance Co New Haven Conn
Export Insurance Co New York N Y
National Implement Mutual Insurance Co Owatonna
Minnesota
Old Colony Insurance Co Boston Mass
Patriotic Insurance Co of America New York N Y
Philadelphia Fire Marine Insurance Co Philadel
phia Pa
Southern Home Insurance Company Charleston S C
Life Companies
Gem City City Life Insurance Co Dayton Ohio
7National Benefit Life Insurance Co Washington D C
United States National Life Casualty Co Chicago
Illinois
Miscellaneous Companies
Benefit Association of Railway Employees Chicago
Illinois
General Indemnity Corporation of America Rochester
New York
Home Accident Insurance Co Fordyce Ark
Independence Indemnity Co Philadelphia Pa
New York Indemnity Co New York N Y
U S National Life Casualty See Life Companies
Sun Indemnity Co New York N Y
Gem City Life Insurance Co Dayton Ohio See Life
Companies
Fraternal
National Fraternal Society of the Deaf Chicago 111
Local Assesment Fire Companies
Planters Cooperative Fire Insurance Association of
Randolph County Cuthbert Ga
Farmers Cooperative Insurance Association of Floyd
County Rome Ga
Farmers Mutual Insurance Association Lafayette Ga
Middle Georgia Farmers Mutual Fire Insurance Co
Griffin GaWITHDRAWALS IN 1923
Fire and Marine Companies
ScandinavianAmerican Assurance Corporation Ltd
New York N Y
Netherland Insurance Co Chicago 111
Fidelity Fire Insurance Co Sumter S C
Life Companies
Indiana National Life Insurance Co Indianapolis Ind
Reinsured with another company
Benefit Association of Railway Employees Chicago
Illinois
Miscellaneous Companies
American Indemnity Co Galveston Tex
American ReInsurance Co Philadelphia Pa
Home Life Accident Co Fordyce Ark
Manufacturers Liability Insurance Co Jersey City
New Jersey
Local Assessment Fire Companies
Farmers Cooperative Fire Insurance Co Jackson Ga
In Process of Organization
United American Life Insurance Co Macon Ga
EXAMINATION OF COMPANIES
In compliance with the laws of the State which provide
that the Insurance Commissioner shall within any fiveyear
period examine or cause to be examined the affairs of the
several insurance companies organized under the laws of
Georgia special examiners appointed by the Department
and reporting under oath to the Insurance Commissionerthe financial condition of the companies examined with
recommendations for consideration have examined and re
ported upon the following companies during the year 1923
Life
Bankers Health Life Insurance Co Macon Ga
Chatham Mutual Health Life Insurance Co Savan
nah Georgia
Guaranty Mutual Life Health Insurance Co Savan
nah Georgia
Peoples Health Life Insurance Co Macon Ga
Fire
Southern Mutual Fire Insurance Co Athens Ga
FIRE INSPECTOR
Your attention has been called heretofore to the valu
able and untiring work of the State Fire Inspector in con
nection with the investigation of suspicious fires A com
parative statement covering the past nine years will serve
to show somewhat the scope of his work and its increasing
importance as well as its enlarged volume
1915 Suspicious fires investigated 101
1916 85
1917 43
1918 34
1919 32
1920 20
1921 63
1922 71
1923 78
According to the report of the Fire Inspector on file with
this Department and briefly summarized herewith these
10
fires investigated resulted in prosecution with the results
shown by the report of the Fire Inspector following
Atlanta Ga January 1 1924
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 1923
During that year investigations were made in connec
tion with seventyeight fires reported to this Department
as being of suspicious origin Full reports of these inves
tigations are now in your hands and a brief summary
thereof is attached
The work of the office continues to increase The num
ber of investigations mentioned does not by any means rep
resent the number of calls received by the office but since
an assistant was given me in 1922 we have been able to
cover more fully the calls for investigations It is yet how
ever physically impossible to meet all demands Each in
vestigation consumes a great deal of time if it is to be made
worth while and the preparation of cases for court and
the attendance at court trials of the cases presented keep
this office very active
I append herewith a summary of the results of the in
vestigations of myself and of my assistant
Persons Involved
Indictments returned 33
Convictions of Arson 10
Acquittals of Arson 6
Arson cases pending 17
Arrests made no indictments 2
Investigations in hands of Grand Jury 3
Investigations where no cases were made 52
11Places visited and investigations made are summarized
as follows
Place
Milam
Augusta
Cartersville
Faceville
Blackshear
Savannah
Berlin
Augusta
Dublin
Manchester
Elberton3 fires
property
Brooks
Greensboro
Rutledge
Clarkesville
Decatur
Cobbtown
Hogan
Tallapoosa
Bremen
Rutledge
Wrightsville
Maysville
Kirkwood
Haney
Statesboro
Jackson
Macon
Atlanta
Rome
Dallas
Yatesville
Date of Fire
111222
122022
1 323
32422
1 223
12 322
12422
1 523
112423
122422
121922
122122
122222
111122
12323
2 423
12923
21923
1 823
13023
111722
31023
5 22
2 823
11623
31623
3 523
2 23
31223
22523
41223
31323
32423
3 623
4323
Report Filed
1 5 23
1 823
11023
11022
11223
11823
12023
12523
12923
2 923
21023
21323
21623
21623
22323
3 423
3 823
31023
31523
32223
32323
32323
32623
33123
33123
4 323
4 623
4 723
41223
42023
42523
42823

12Place
Atlanta
Flovilla
Flovilla
Whigham
Wigham
Bainbridge
Melrose near
Abbeville
Sparta
Thomasville
Fort Gaines
Macon near
Dublin
Sparta near
Boston
Charlton County
Savannah
Savannah
Rome
Pelham
Byron
Atlanta
Columbus
Loganville
Royston
Yatesville
Marshallville
Richland
Dublin
Stillmore
Atlanta
Atlanta
Milan
Milan
Perry
Thomasville
Guyton
Date of Fire Report Filed
42623 42923
42223 43023
41523 43023
42223 5 523
42223 5 623
12023 5 723
11023 5 823
12023 51523
21823 51823
5 423 51823
21723 6 123
42723 6 223
4 823 6 523
41923 61523
42523 7 923
32523 71823
6 322 73023
72323 72423 73023
72623 73023
41423 81323
8 823 81323
71923 81823
8 623 82423
8 323 82923
32623 83123
7 723 9 123
71423 91223
71923 91523
82623 91523
81423 91523
81323 92423
83023 92923
61423 10 423
92923 10 523
82623 10 823
82023 101823
91123 101823
13Place Date of Fire Report Filed
Thomasville 92423 101923
Metter 101223 102623
Quitman 102123 11 623
Atlanta 42823 11 723
Atlanta 101423 11 723
Faceville 93023 112023
Cartersville 9 123 16 623
Waynesboro 81523 121123
Savannah 82723 121223
Sylvania 31423 12 823
All of the foregoing cases were brought to our atten
tion by reason of strong suspicion of arson directed against
some individual or individuals in each instance Thorough
investigation was made in each case in some instances as
much time as one to four weeks being devoted to run
ning 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
together with other cases where suspicion had been mis
directed were dropped This particular condition existed
in connection with the fire occuring at Decatur Ga on
February 19 1923 in which two girls lost their lives and
three fires occurring at almost the same moment in the City
of Quitman on October 21 1923 In each case strong sus
picion was directed to certain individuals but it was abso
lutely impossible to obtain sufficient evidence to warrant
the presentation of any charges to the Grand Jury In the
former case confession has since been made but nothing
has developed in connection with the Quitman fire

The cases in which prosecution followed are given be
low with the outcome of each
14Augusta Arrest and indictment with acquittal
Cartersville Arrest indictment and acquittal
Blackshear Arrest and indictmentcase pending
Dublin Two indictments not yet tried
Clarksville Three arrests and indictments trial pend
ing
Tallapoosa Twelveyearold boy guilty and sent to re
form school
Dallas One arrest Grand Jury returned no bill
Statesboro Arrest and conviction with sentence of five
to six years imposed
Macon Arrest and indictment trial pending
Sparta Arrest and conviction with sentence of from
three to five years imposed
Thomasville Arrest indictment and acquittal
Savannah Indictment followed by plea of guilty sen
tence of from five to six years imposed
Byrom Two arrests followed by conviction at trial
each sentenced to three to five years
Atlanta Two arrests and convictions with sentences
of five years each
Atlanta One arrest and conviction sentence five to
six years
Richland One indictment trial pending
Dublin One indictment trial pending
Stillmore Two indictments cases not yet tried
Atlanta Two indictments acquittal on trial
Metter Four indictments two persons tried one ac
quitted the other convicted and sentenced to five to six
years The other two not yet tried
15Thomasville Tried and convicted sentenced five to six
years
Atlanta Two indictments case pending
Atlanta Two indictments case pending
In reports of preceding years mention has been made of
the difficulty of obtaining convictions in all cases brought
to trial by reason of the apparent disinclination of the
average jury to impose a sentence of five to twenty years
upon conviction of arson The report shown above indi
cates a somewhat different attitude at this time Some of
this may be due to a realization of the enormous fire losses
of the country in general and of this State in particular
much of which is preventable and a great deal of which is
due to incendiary acts The public is gradually becoming
educated to the importance of at least discouraging the lat
ter and with the other seems to be a developing sense of
obligation to prevent loss thru carelessness
In the furtherance of the work of this office by myself
and assistant we are meeting with more and heartier co
operation on the part of the officials in the various judicial
districts of the State and with this cooperation and a
more drastic attitude on the part of juries toward offend
ers against the arson law we look forward confidently to
a lessened number of fires whether due to carelessness or
incendiarism
It will be recalled that in 1922 we recommended the
adoption of the Model Arson Law of the Fire Marshals
Association of North America with such modification as
might fit the conditions of the State of Georgia Such a
bill was presented to the legislature in 1923 and at this
time stands as unfinished business having progressed
thru first and second readings and is ready for passage
in its order at the next session It is a most important law
in the estimation of all who have studied it It does not
seem proper that the State of Georgia should be without
a law on its statute books whereby a person can be pun
ished for setting fire to his own property of whatever nature
16outside 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 car
rying the fire insurance 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 and it is earnestly hoped that the
bill will have the support ofall members of the legisla
ture and other persons who are interested in bettering the
property conditions of this State and discouraging the enor
mous fire waste
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
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 encour
age fire prevention Both State and people would reap the
benefit of any lessening of the present enormous losses
just as both now pay the penalty incident to the present
experience I believe it would be well to grant the fire
inspector and any assistants he might be given authority to
so 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 authorities
and violation of such laws ordinances or regulations rec
ommending to the owners of properties examined the adop
tion of such precautionary measures as will diminish the
17risk of fire and thus better not only their own condition
but also decrease the hazard to adjoining property Meas
ures might also well be taken to compel the adoption of
such recommendations unless good and sufficient reason
could be presented to the contrary and where no local laws
or regulations exist the State should require the adoption
of some standard of safety and its enforcement The re
quired investigations of suspicious fires and the prosecu
tion of those guilty of arson are right and proper and
should be vigorously conducted but the prevention of fires
or the lessening of losses is far more important to the State
and its people and proper means taken to bring these
about will most certainly be worth while to all
I

18REVENUE RECEIVED FROM INSURANCE COMPANIES
The following statement is submitted showing the rev
enue collected thru the Insurance Department from com
panies licensed by the Department to transact business in
Georgia as well as the expense of maintenance of the De
partment for the year ending December 31 1923 This
amount of revenue shown does not include collections for
the fire inspectors fund provided by the statute for the
maintenance of that Division of the departmental activi
ties This fund is separately handled exclusively to main
tain the fire inspection service
REVENUE COLLECTED
License fees for companies and agents 5993800
Tax on premium income of the companies on
Georgia business iy2 per cent of gross collec
tions except where otherwise provided by law 62917595
Total Revenue68901395
The question of what deductions from premium receipts
were allowed by the law imposing a tax on insurance com
panies was raised in 1922 by several life insurance com
panies and it became necessary for this department to re
sort to the courts to enforce the collection of approximate
ly 20000 withheld by eleven companies The amount of
the tax held up for 1923 awaiting a decision was 27
44715 The decision was in favor of the State in both
the Superior Court and the Court of Appeals The case is
now pending in the Supreme Court of Georgia having been
recently certioraried from the Court of Appeals If the
Supreme Court affirms the decision of the Court of Ap
peals the taxes due the State for the years 1922 and 1923
with interest at 7 will amount to about 52000
19DEPARTMENTAL EXPENDITURES
Furnishings and supplies 15963
Postage 35500
Telegrams 1198
Printing and Stationery including
40702 for printing annual re
port of 1922 business 123463
Salaries 1040000
Total Expenses 1216124
Net Revenue to State of Georgia67685271
Ratio of total cost of maintenance of Insurance
Department to total revenue176 percent
CONDITION OF STATE FIRE INSPECTORS FUND
Cash in Bank January 1 1923 1040431
Cash in hands of Fire Inspectors 10290
1050721
Special Tax levied in 1923 on Fire
Companies 1193334
Interest on Savings Accounts 26250
2270305
Disbursements
Salary Fire Inspec
tors 470000
Traveling and inci
dental expenses 685241
Legal or other ex
penses 6942
Cash in hands of
Fire Inspectors 5148
Cash in Bank De
cember 31 1923 1102975
1162183
1108122
20
2270305In the matter of revenue from insurance companies
there is approximately 40000 withheld by a number of
different companies pending decision of the Court in a
suit brought by one of them to determine the extent of the
exemption or reduction allowed by law If the State is
sustained this amount with accrued interest will of course
be collected
NB As this report is being prepared we have notice
of the decision of the Court of Appeals which is favorable
to the contention of the State Collection will be made in
due course and will be reported as a part of the income of
1924

21COMPANIES IN PROCESS OF LIQUIDATION
Last years report showed that the Empire Life Insur
ance Company formerly of Atlanta Ga was the only com
pany in the hands of the Insurance Department for liquida
tion Under the orders of the court all assets were to re
main in the hands of the Insurance Commissioner for a
period of seven years from March 16 1916 at which time
the affairs of the Empire Life were placed in his charge
During that period all assets have been liquidated and as
soon as possible after its expiration an order of court was
obtained permitting distribution Careful management in
the liquidation proceedings has brought about the accumu
lation of sufficient cash to enable the payment of 71628
of all policy and miscellaneous obligations Out of what
seemed to be an almost hopeless tangle in 1916 distribu
tion has now been made and the affairs of the company
finally closed in accordance with report made to and ap
proved by the Superior Court of Fulton County Georgia
Reference has been made in preceding years to the State
Mutual Life Insurance Co of Rome Georgia taken over
by this Department in 1915 and immediately placed by me
in charge of Colonel Hamilton Yancey as Special Deputy
I append herewith the report of Colonel Yancey covering
the business of this company for the year 1923

March 25 1924
Hon Wm A Wright
Insurance Commissioner
Atlanta Georgia
Dear Sir
As Special Deputy Insurance Commisisoner in charge of
and conducting the business of the State Mutual Life Insur
ance Company of Rome Georgia it becomes my duty at
this time to make formal report to you as to operations of
said Company for the year 1923
22Attached heretoand marked Exhibit Ayou will
find statement showing Income and Disbursements for the
calendar year also schedule of the assets and liabilities of
the Company as shown by its books at the close of business
on December 31 1923 The several items are I feel sure
selfexplanatory
Comparison of this statement with that for the year end
ing December 31 1922 shows an increase of 2369280 in
assets This notwithstanding payment of death claims
aggregating 11299392 and cancellation of policy loans to
taling 14832108 because of discontinuance of policies
Interest and rent realized on the Companys assets ex
ceeded by 874106 the receipts from that source for the
preceding year reflecting continued improvement in the
quality of assets and the income derived therefrom
In line with our fixed policy of liquidating the Companys
real estate holdings as fast as it is practicablt to do so at
reasonable prices we made a number of sales during the
year including disposition of the part remaining of the real
estate located at Bridgeport Alabama This was sold at a
price of 327437 in excess of the valuation at which it was
carried on the books of the Company As you will recall
this particular holding acquired before you took charge of
the Company under Orders of Court was for a long time a
burden on the Company
Notwithstanding some exceptionally heavy individual
death claims the mortality was within the expected accord
ing to the American Experience Table As heretofore since
you took charge of the Companys affairs death claims ac
cruing during the year were settled promptly and m full
upon receipt of proofs of death there being no due and un
paid claims outstanding
Analysis of results shows a substantial improvement in
the Companys condition The business in force at close of
the year was 675048375 The decrease from all causes
23
deaths lapses expirations cancellations etc was only
787 of the amount in force January 1st 1923
Very respectfully
HAMILTON YANCEY
Special Deputy Insurance Commissioner
EXHIBIT A
Attached to and forming part of Report for the year
ending December 31 1923
Ledger Assets December 31st 1922291672584
Income
Premiums19848345
Interest
On Mortgage
Loans 7396223
On Bonds 994760
On Policy Loans etc 7111251
On Deposits 205293
On Other Interest 141524
Rents including 2500
for own occupcy 1971841
Total Interest and Rents 17820892
Profit on sale of real estate 467846
Total Income 38137083
329809667
24Disbursements
Death Claims 11299392
Disability Claims 87500
Annuities 649169
Surrendered Policies
Values applied to
cancel policy loans 14832108
Endowments 100000
Coupon reduction
of premiums 2346047
Total Payments on Policies
Renewal Commissions
Traveling Expenses
Salaries
Rent Own Occupancy
Printing Postage etc
Legal Expenses
Repairs and Expenses on Real
Estate
Fire Insurance
Taxes on Real Estate and Person
alty
Federal Taxes
Taxes on Premiums
Department and Municipal Li
censes and Fees
Miscellaneous Expenses
Profit and Loss Account
Reduction Valuation of Real
Estate 1498465
Other Items 90275
29314216
117107
61800
1426661
250000
72333
95500
549517
120656
1106438
431134
58310
10575
143480
1588740
Total Disbursements
35346467
Ledger Assets 123123 294463200
25LEDGER ASSETS
December 31 1923
Real Estate 16430000
Mortgage Loans including balance payable on
property sold by Company 113647475
Policy Loans 131474383
Premium Notes 5616972
Bonds U S State and Municipal 18961889
County Warrants interest bearing 3358503
Cash on Deposit at Interest 4964518
Cash in Office 9460
294463200
NON LEDGER ASSETS
Interest due and accrued
On Mortgage Loans3894041
On Bonds 301325
On Bank Balances 2769
On Warrants 145521
Rents due and accrued 70331
Unearned Fire Insurance Premiums 53876
Net Uncollected and deferred pre
miums 1143132 5610995
Gross Assets300074195
ASSETS NOT ADMITTED
Policy Loans Lien Notes in Excess of Re
serve 113491
Total Admitted Assets299960704
26LIABILITIES
Net Value of outstanding policies280320722
Present Value of amounts incurred but not yet
due for total and permanent disability bene
fits 1110330
Death Claims in process of adjustment None
Claims for Death Losses adjusted and not due 322071
Coupons and Dividends left to accumulate with
interest 1109092
Interest paid in advance 2768236
Renewal Commissions to Agents 147904
Miscellaneous bills and accounts 181076
Reserve for Taxes 695782
Unassigned funds or Contingency Reserve for
death losses incurred but unreported an
nuity claims depreciation or shrinkage of
values etc 13300491
Total299960704
The report of this company shows a most remarkable
condition of affairs When this Department took charge
there was such an enormous inflation of asset values that it
seemed to be almost impossible to rearrange them in ac
cordance with reasonable market values and maintain the
solvency of the company This has been done however no
new insurance has been written in all these years most of
the effort having been put forth in conversation of assets
and of membership Equal success has been met with along
both lines and there has been a splendid demonstration of
the care given the interests of the policyholders
I have the honor to be sir your very obedient servant
WM A WRIGHT
Insurance Commissioner
27COMPARATIVE TABLES
Fire Companies
also
Marine and Inland
HtoO
FIRE MARINE AND INLAND INSURANCE COMPANIESContinued
Financial Condition as of December 31 1923 and Business Transacted During the Year 1923
Company and Location
The Hanover Fire Ins Co 34 Pine St New York
Hardware Dealers Mutual Fire Ins Co Stevens Point Wis
Hartford Fire Ins Co Hartford Conn
Home Fire Marine Ins Co of California No 401 California St
San Francisco Cal
The Home Ins Co 59 Maiden Lane New York City N Y
Hudson Ins Co 75 Maiden Lane New York N Y
The Importers Exporters Ins Co of New York New York City
Indiana Lumbermens Mutual Ins Co Indianapolis Ind
Insurance Co of North America Philadelphia Pa
The Insurace Co of the State of Pennsylvania Philadelphia Pa
The Liverpool London Globe Ins Co Ltd New York
London Assurance Corporation 84 William St New York City
The London Lancashire Ins Co Ltd New York N Y
London Provincial Marine GeneralIns Co Ltd N Y
United States Branch London Scottish Assurance Corporation
Ltd 110 William St New York N Y
The Lumbermens Mutual Ins Co Mansfield Ohio
The Lumber Mutual Fire Ins Co of Boston Mass Beacon
Raleigh Sts Boston Mass
Maryland Motor Car Ins Co Garrett Bldg Baltimore Md
Massachusetts Fire Marine Ins Co Boston Mass
Mechanics Ins Co of Philadelphia Philadelphia Pa
The Mercantile Ins Co of America New York N Y
Mercantile Mutual Fire Ins Co Providence R I
Mercnants Manufacturers Mutual Ins Co Mansfield Ohio
Merrimack Mutual Fire Ins Co Bank Bldg Andover Mass
Millers Mutual Fire Ins Co of Texas Fort Worth Texas
Milwaukee Mechanics Ins Co Milwaukee Wis
Minnesota Implement Mutual Fire Ins Co Owatonna Minn
National Ben Franklin Fire Ins Co Pittsburgh Pa
Nationale Fire Ins Co of Paris France Providence R I
National Fire Ins Co of Hartford 95 Pearl St Hartford Conn
National Implement Mutual Ins Co Owatonna Minn
National Liberty Ins Co of America 709717 Sixth Ave New
York City N Y
The National Mutual Ins Co Celina Ohio
National Security Fire Ins Co Omaha Neb
National Union Fire Ins Co Pittsburgh Pa
Newark Fire Ins Co 41 Clinton St NewarK N J
The New Brunswick Fire Ins Co New Brunswick N j
New Hampshire Fire Ins Co 156 Hanover St Manchester N H
New Jersey Ins Co 59 John St N Y
New Zealand Ins Co Ltd 110 William St N Y
Niagra Fire Ins Co 123 William St New York N Y
U S Branch North British Mercantile Ins Co Ltd 76 William
St New York City N Y
The Northern Assurance Co Ltd of London England 55 John St
New York City N Y
Northern Ins Co of New York 83 Maiden Lane New York City
The North River Ins Co 110 William St New York City N Y
Northwestern Fire Marine Ins Co Minneapolis Minn
Northwestern Mutual Fire Assn Seattle Wash
U S Branch Norwich Union Fire Ins Society Ltd of Norwich
England 75 Maiden Lane New York City N Y
The Ohio Hardware Mutual Ins Co Coshocton Ohio
Old Colony Ins Co Boston Mass
Orient Ins Co 2022 Trinity St Hartford mZZZZZZZ
Total
Admitted
Assets
790707926
161017923
74 493 584 39
4 270 856 09
82 454 768 32
242577431
277389555
1 752 502 02
46 090 036 93
5 271 662 19
2070371955
8 374 949 81
8 420 859 87
928 891 33
201360776
1 846 813 66
211214201
842
1462
3 673
4712
616
277
930
715
8940
1 932
679 59
81525
818 99
649 01
658 82
680 87
19203
294 80
82216
574 84
Liabilities
Including
Reserves
but ex
cluding
Capital and
Surplus
5 500497792
121976917
5230718390
211122246
i47071481 02
1 292 325 32
1 520 272 01
605 560 76
29 273 366 68
316995408
14 598 776 90
519081637
441297093
26731639
926 084 57
114975319
560 401 21
475754129
1 498 031 98
32 200 948 35
487 577 43
12518
347
1056
10 063
5207
1313
11275
2804
2081
175i0
51671
638 64
329 43
93767
441 16
498 35
626 67
673 61
822 26
21782
13 838 495 51
902582779
382515652
12 323 399 60
1 89733773
2 491 842 81
695909672
384 661 00
4 708 090 47
636911459
232
407
2208
2511
342
121
746
352
5277
1461
275 30
515 83
445 09
948 00
269 60
98753
146 39
31371
001 33
896 88
Paidup
Capital
2 938 245 94
1 089 557 64
2109937777
328 247 96
8015
220
222
6937
3 285
932
5 873
1650
1261
10847
623 52
21519
15832
264 59
472 65
774 71
39723
090 64
072 49
083 61
864816511
652202417
1 881 666 71
774041651
1 271 046 29
2 043 441 13
4 850 676 83
200 221 22
2 037 830 26
3 367 983 77
1 500 000 00
TlbWIboooo
1 000 000 00
18 000 000 00
500 000 00
700 000 00
Mutual
5 000 000 00
1 000 000 00
200 000 00
400 000 00
500 000 00
500 000 00
600 000 00
1 000 000 00
Surplus
Mutual
1 250 000 00
1 000 000 00
200 000 00
2 000 000 00
1500
40
500
2000
500
200
2000
1000
400
300
000 00
000 00
000 00
000 00
000 00
000 00
000 00
000 00
000 00
000 00
400 000 00
400 000 00
1 000 000 00
2 000 000 00
400 000 00
1000 000 00
1 000 000 00
I 1 402 101 34
390 410 06
1418640049
1 159 633 63
1648328730
633 448 99
553 623 54
1 146 941 26
15 746 010 33
110170811
610494265
318413344
4 007 888 94
461 574 94
68752319
697 060 47
1 551 740 80
11040429
555 299 42
865 373 90
1200 701 01
274 389 22
155 693 34
184 045 64
362981 09
2 413 820 83
470 677 96
819 295 35
208 474 34
910157058
15932947
INCOME
Net
Premiums
4502
87
334
1 126
1421
180
3402
154
628
3733
893 19
423 45
17111
673 00
968 51
723 64
229 44
582 97
609 60
13421
479033040
210380362
943 489 81
2 582 983 09
226 291 44
448 401 68
210841989
17924478
1 670 260 21
200113082
4 478 042 94
1 820 634 79
60 942 399 82
2 051 452 28
50 271 632 48
118200883
1 729 005 63
1 06971201
2911739301
246876919
13 685 958 65
4 648 296 65
3 643 036 54
304 34750
952 666 40
1 674 780 40
1 064 404 39
401
300
1 507
2572
430
194
819
675
4428
2103
490 69
865 68
332 46
130 91
158 80
463 34
72526
273 86
322 95
758 44
Total
Income
315376643
963 955 02
1798831399
479 682 04
6524
353
211
6 937
3169
839
5040
1 638
1 215
11215
521 01
910 36
844 97
34813
069 92
261 07
974 34
76992
21583
814 53
8 013 154 10
610975759
175523795
8 200 595 29
961764 72
3 055 769 69
4 835 810 65
363 874 06
1 86407741
258421029
t 4 924 773 62
1 891 656 21
63 944 472 40
222064270
5410223387
1 286 522 52
16215992
116696797
31 053 705 96
2 755 720 21
1501059133
5 439 967 42
4 268 267 26
415 276 37
126547419
176153759
1 230 682 67
447
370
1674
2762
469
206
856
714
5179
2179
533 37
903 69
894 94
861 15
66781
831 03
026 09
18333
425 50
950 44
336011855
1 022351 10
19 344 334 35
50610353
707526781
36419480
496 455 28
741132065
3 368 756 69
95614296
553078872
1 810 978 69
1 38994118
12 035 988 48
8 538 667 72
6629811 47
212735504
8 738 295 85
5 430 392 85
315272296
567616931
37780071
2 079 591 84
2 872 470 51
DISBURSEMENTS
Net Losses
Paid
220733226
601 882 82
3108695820
1 065 064 61
26 732 264 29
567871 86
1 090 750 93
47023118
13 802 328 01
1 27212820
700411830
1 913 432 73
1649 498 24
15726905
420 432 73
894 986 88
480 94768
8731433
166 024 20
646 478 03
126346001
20 820 28
78 519
349 883 24
25603811
187771551
1 508 090 74
77748158
653 351 60
8 863 303 90
350 873 87
Tttal Dis
bursements
3042
145
91
3 330
1535
407
2626
814
603
6015
545 71
663 65
479 38
699 68
67703
13119
185 64
16746
608 72
15001
397275730
330977488
81022591
376772589
464 554 90
1286 247 48
2 368 410 36
150471 11
93292715
110132681
f 5 068 018 54
1 163 761 34
5756531080
1 919 560 47
5011853490
119614011
769 894 18
110101712
2729018933
261182991
1389900937
4S01 43669
376958376
344 670 60
984 046 63
1870 236 72
1171 111 32
317
325
1413
2506
388
187
754
669
4508
1939
431 19
460 25
428 53
363 88
911 56
282 24
63705
352 69
821 65
698 71
242330757
1 080 831 36
1747637593
419 280 29
6 728
319
278
i 561
1768
1027
5 057
1 452
I 287
ID 990
368 27
121 63
013 79
993 72
367 87
76715
454 95
484 32
233 65
276 58
8 284 242 79
i 793 381 35
1 668 592 67
754379968
512797451
2 932 956 71
4 805 406 54
32455681
1 739 674 46
51829727
BUSINESS IN GEORGIA IN 1922
Net risks
4411 031 00
1 534 223 00
11440869700
5 668 713 00
55687461 00
2 647 819 00
627052 00
361375 00
56 591 105 00
553610600
2907211300
2 914 047 00
7234311 00
1 955 546 00
1 977 903 00
1 356 424 00
410 435 82
21757000
2 519 891 00
3 009 239 00
965 894 00
250 600 00
23 383 00
348 416 00
693788600
2 468 069 00
1 00413200
2 558 670 00
29 299 296 00
76514800
6925
365
23
11322
2249
3445
6954
3 528
1762
6073
18500
962 00
775 00
582 00
039 00
305 00
644 00
41200
579 00
682 00
1416121800
8 066 349 00
291755400
279085500
5 202 546 00
770 489 00
765088500
363 138 00
1 367 770 00
474729200
Net Losses
Paid
26 456 04
33 373 43
704 496 29
20 289 28
38441512
2989931
3 861 66
5 882 76
182 696 65
33 854 42
17314389
1316229
37462 62
5 203 80
912429
15 459 94
6 460 23
1082951
712 46
1166920
9 428 32
8521
3 440 29
713207
6 024 23
3143670
4440249
16 645 72
3105002
11568805
2 555 30
49 622 73
2 554 85
77301
73 433 44
14 025 49
1473806
23 858 96
2631141
10 278 43
43 392 42
59 508 28
61 696 96
901998
26 746 60
3970710
14 829 43
28 776 12
1145210
1 035 67
3469125
Net Losses
Incurred
28 056 30
33 901 87
64961876
18720 85
422 848 83
28 951 50
8 904 66
5 882 76
20510040
2922516
153 021 86
1168729
35 565 60
6 091 80
7341 12
14 683 94
6 560 23
906751
734 46
1146943
14 544 32
12813
3 440 29
772130
6 023 99
34 091 28
2050812
1166569
31328 43
11845426
2 597 30
2831673
2 553 75
773 01
79 640 77
11 044 49
1832551
3417859
2166670
8 475 4
46 824 24
6752428
5031904
7376 00
2611332
4155868
10 871 80
26 768 78
924511
1 01969
34 306 54
Net
Premiums
58234 76
1765739
1 020 292 85
56 582 93
598 280 70
2916731
4 853 88
5 695 85
448 856 93
66 423 06
31268743
3207221
72 998 57
2309213
22 007 67
1723684
13 263 75
25 898 88
1733 55
3317493
22 543 69
1 908 86
110460
5 943 30
931635
9060211
26 065 69
18 294 30
3676771
25959491
772606
10595166
6 955 22
324 82
11594382
33 079 27
44 423 25
63726 30
5395977
21 53853
84 331 51
155 370 95
84752 34
4119960
3828761
75 544 34
1184952
71 775 40
8 020 69
9096 94
4909110COMPARATIVE TABLES
Fire Companies
also
Marine and Inland
Pto Y
FIRE MARINE AND INLAND INSURANCE COMPANIESContinu d
Financial Condition as of December 31 1923 and Business Transacted During the
Company and Location
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
Patriotic Ins Co New York City N Y
The Pennsylvania Fire Ins Co 50810 Walnut St Philadelphia Pa
Pennsylvania Lumbermens Mutual Fire Ins Co 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 Providence R I
Philadelphia Fire Marine Ins Co Philadelphia Pa
Phoenix Assurance Co Ltd 100 William St New York N Y
The Phoenix Insurance Co Hartford Conn
Providence Washington Ins Co Providence R I
Queen Ins Co of America 84 William St New York City N Y
The Reliance Ins Co of Philadelphia 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 New York West New Brighton N Y
Royal Exchange Assurance 83 Maiden Lane N Y
Royal Ins Co Ltd 84 William St New York N Y
Savannah Fire Ins Co Bryan and Drayton Sts Savannah Ga
Scottish Union r National Ins Co 75 Elm St Hartford Conn
Security Ins Co New Haven Conn
Southern Home Ins Co Charleston S C
Southern Mutual Ins Co Athens Ga
Springfield Fire and Marine Ins Co Springfield Mass
Standard Fire Ins Co No 18 Asylum St Hartford Conn
Standard Marine Ins Co Ltd 63 Beaver St New York City N Y
Star Insurance Co of America No 1 Pershing Square N Y
Sterling Fire Ins Co Indianapolis Ind
St Paul Fire Marine Ins Co Ill W Fifth St St Paul Minn
The Stuyvesant Ins Co 11 William St New York City N Y
Sun Ins Office New York City N Y
Superior Fire Ins Co 1310 Beaver Ave Pittsburgh Pa
Svea Fire Life Ins Co Ltd 75 Maiden Lane New York N Y
Texas State Mutual Fire Ins Co Dallas Texas
Thames Mersey Marine Ins Co Ltd of Liverpool England
No 27 William St New York City N Y
Tokio Marine Fire Ins Co Ltd 3 So William St N Y
Union Assurance Society Ltd 114 Fifth Ave New York N Y
Union Fire Ins Co of Paris France Providence R I
United States Branch Union Ins Society of Canton Ltd 175 West
Jackson Blvd Chicago 111
Union Marine Ins Co Ltd of Liverpool England No 27 William
St New York City N Y
United Firemens Ins Co Philadelphia Pa
United States Fire Ins Co 110 William St New York City N Y
United States Merchants Shippers N Y
Urbaine Fire Ins Co 123 William St New York City N Y
Victory Ins Co of Philadelphia Philadelphia Pa
Virginia Fire Marine Ins Co 1015 E Main St Richmond Va
Westchester Fire Ins Co 100 William St New York City N Y
Western Assurance Co Crum Forster U S Mgrs 110 William
St N Y
The World Auxil ary Ins Corpn Ltd Chicago 111
The Yorkshire Ins Co Ltd 12 Gold St New York N Y
Total
Admitted
Assets
3852
5359
937
1415
11 929
1 948
1531
2401
1 425
3 279
7320
29 397
11297
18307
146 04
069 96
470 65
505 94
510 85
604 61
265 70
351 01
623 92
17015
80755
972 60
221 98
514 05
I 296 193 07
226010778
3 520 360 73
1 996 008 84
5 275 923 18
21 756 058 67
589
8319
8502
811
1218
22 473
1 590
3391
4389
2879
21 413
2699
7227
4543
2797
842 52
098 79
583 40
467 44
663 35
09616
81758
69756
060 97
690 19
890 21
11267
782 20
938 26
781 30
Liabilities
Including
Reserves
but ex
cluding
Capital and
Surplus
240 357 98
1 466 656 02
6054621 08
307593731
175276255
8 964 639 77
1 26030777
2 448 821 97
1862451876
444778662
5 671 342 70
1 258 804 01
3161 60548
12 733 963 37
4 296 821 77
754 483 65
316983461
335 242 69
595 553 65
38915989
634 690 76
392 458 00
52602017
65368740
201 15556
089 557 63
13325357
842 214 8
247 378 80
125 561 93
13471614
69554751
1 326 697
2 363 834 68
1 041 528 68
3 355 180 22
15 892 200 32
305
4738
5407
346
271
14 022
903
1804
2119
1 429
11327
1591
5080
2791
1 649
850 91
092 66
576 92
283 02
430 87
004 19
423 93
439 48
77992
594 56
443 99
924 86
37712
648 62
268 07
160 936 61
546808 90
1 95077704
22836801
1 296 397 50
711772065
50276836
1 603 580 80
11 821 77637
233120202
4 758 609 22
540794 81
I 558 443 12
808927851
286511264
371 650 03
1 790 440 51
Paidup
Capital
400 000 00
4ob6ob ioo
200 000 00
000 000 00
Surplus
1 000 000 00
200 000 00
1 000 000 00
400 000 00
5 000 000 00
1 000 000 00
3 000 000 00
400 000 00
600 000 00
500 000 00
400 000 00
200 000 00
200 000 00
1 000 000 00
300 000 00
3500
500
200
1000
850
4000
700
400
1000
000 00
000 00
000 00
000 00
000 00
000 00
000 00
000 00
000 00
200 000 00
400 000 00
200 000 00
400 000 00
200 000 00
400 000 00
2 000 000 00
1 000 000 00
500 000 00
500 000 00
1500 000 00
400 000 00
200 000 00
200 000 00
116903 35
7635163
14831076
58081518
53705285
422 584 44
877 578 30
20019545
136 066 29
145 916 58
078 592 73
15059380
171 66005
17279791
INCOME
Net
Premiums
200 645 56
933 409 90
556 526 05
454 480 16
1 920 742 96
5 463 858 35
83
3381
2095
165
947
4951
187
1387
1269
600
6086
407
1 747
752
1148
991 61
006 13
006 48
18442
232 48
091 97
393 65
258 08
281 05
095 63
446 22
18781
405 08
289 64
513 23
79 421 37
71984712
370384404
79225720
256 365 05
144691912
55753941
445241 17
4 802 742 39
1 11658460
912733 48
21800920
1 10316236
3 144 684 81
1 031 709 13
182 833 62
1 17939410
2763
3620
564
755
5730
924
862
987
963
1679
5001
12 922
6551
9490
580 93
04931
00415
624 95
23782
727 00
14730
021 35
955 02
69733
664 98
099 88
104 26
290 75
83656738
183404916
218425883
972 076 97
2 880 228 81
1431550383
Total
Income
320
3873
5125
586
360
13120
731
1 832
2130
1 408
11 500
1750
4456
2642
1422
551 36
041 46
746 87
049 62
11009
91755
240 37
876 57
449 64
76967
202 25
74994
433 21
584 81
20677
17856717
56414205
216776722
242509760
117719805
8 778 838 09
34311921
114256159
11 89398311
2 499 957 80
5 088 422 93
76475374
1 264 798 86
755210953
2 331 470 82
36991867
2 028 845 64
3000
4027
622
1 577
6251
1 113
920
1 136
1 020
3 194
549
14 288
7158
10217
702 86
669 33
45219
498 67
04765
17900
236 75
81450
659 80
995 32
896 61
928 83
553 69
348 04
DISBURSEMENTS
Net Losses
Paid
900 040 62
194779682
2 358 091 02
1061 40619
3191 42245
15 448 453 99
390
340
549
663
432
157
847
2415
2284
1572
12519
2247
5081
3020
1 737
14
513 89
368 51
925 78
432 36
635 43
305 78
258 39
094 65
269 99
020 39
13711
558 08
22297
883 79
911 63
190 245 47
663 066 85
2 483 287 25
2 548 991 8
1 244 619 36
925268878
48269078
135316766
12 828 577 40
270904714
5 346 076 99
844 297 24
1 435 945 53
9 105 755 94
2617721 18
422 867 69
218853361
1376
1892
276
264
2910
464
468
526
653
205
2094
6062
3646
4854
45410
035 82
281 58
01894
392 84
791 00
71790
756 83
351 60
80614
083 84
18384
501 15
909 25
563 509 07
72551860
989 996 66
60066745
1 606 270 57
7338 949 86
194
1 838
2728
145
97
7384
382
812
883
703
6142
080 62
045 93
14752
04675
15718
220 60
309 70
84615
872 99
61991
57614
2 079 481 62
112121892
790 472 35
8011182
28951807
1 098 030 24
1 26504114
739 455 72
4 534 762 78
128 099 77
49756876
5 383 882 90
1 542 820 93
2 926 501 78
50217700
664 044 94
4 250 403 41
I 322 908 35
24812938
993 965 53
Year 1923
Total Dis
Iur3ements
BUSINESS IN GEORGIA IN 1922
Net risks
231
3719
518
6B
5 615
i o
K25
1 053
1 177
9l
3110
124
6 403
10 tS3
413 32
539 20
504 38
330 35
846 24
404 00
201 76
076 48
854 78
586 88
843 84
078 63
70034
734 22
1339 213 90
l9tt04797
203064318
120279510
5 2 231 94
14 973 221 79
33650766
495080617
461
350
14 356
869
2427
1784
1306
2033
4884
2472
1906
371 31
81192
47715
936 87
121 36
449 45
945 22
121 06
75939
653 34
970 34
798 52
16705274
81768902
201926481
2 382 872 27
1231284 34
8 570 961 03
625 153 89
1 284 636 22
10 889 949 07
275730006
5 015 524 77
1 222 829 98
1 295 429 53
784539311
2 820 828 91
f54 507 87
1143065 18
6080
10225
861
1 461
6841
382
593
3 595
2558
7677
8399
15198
042 00
623 00
70500
10700
055 00
399 00
832 00
005 00
671 00
91700
10900
039 00
22 667 923 00
2 335 280 00
2 093 193 00
5 964 936 00
321 293 00
314573700
4971934600
8433
8630
394
45 923
19 553
1 138
7194
5901
4282
17001
2640
10 421
1 816
2039
494 00
643 00
75700
371 00
41800
26700
502 00
094 00
775 00
554 00
436 00
399 00
775 00
51300
528 800 00
6 365 945 00
5 695 333 00
3 892 691 00
4 914 252 00
8 685 309 00
2 099 820 00
1 713 052 00
8 358 393 00
1 504 916 00
7033 909 00
3 343 530 00
1 555 855 00
831742400
2 500 592 00
324 364 00
10 233 409 00
Net Losses
Paid
3574410
30 845 20
4771 35
146 00
31 363 20
5 882 75
5 933 80
26 243 89
31 050 03
6021 52
41 19615
7291669
5377411
15620931
1210767
39 584 04
4343681
511022
19 634 28
17657212
12 849 69
52 772 09
25 238 30
937 69
9715718
6591796
3 658 05
678893
2861847
19 030 22
56 872 32
2776653
59 938 00
15 956 45
2204921
595912
4 363 59
19 810 76
2266531
4653312
43 479 09
4 684 22
4 420 34
51 58778
10 987 66
59 955 65
21 441 67
15 442 55
2849710
7351 11
393717
78 848 25
Net Losses
Incurred
39 608 32
31755 56
109601
664 00
3311020
5 882 75
6 362 38
2748757
31 328 44
6 021 52
4266815
75 274 65
46 806 64
13122131
1641673
39 584 04
6465743
6 346 46
1958911
15026312
1231557
4915909
2673711
1 686 25
9639218
62261 24
397514
28 478 07
22 679 47
22 946 94
6433793
26 003 33
61 676 00
1525851
22 491 80
595912
210959
1916512
21 891 5
5784032
4517771
269722
4 840 34
1776719
8 069 27
5335317
22 394 67
1116784
31030 81
2492726
3 945 92
72 389 25
Net
Premiums
9413065
11385817
1372118
1598194
7731375
6 939 89
844310
5612582
3676771
51 032 13
7305721
14680326
102 033 93
27787316
31 12211
14 596 28
8187007
1 88857
3962212
31090294
23 422 34
85 022 93
77335 98
5 399 68
36011009
11464867
4 855 96
3072669
51 355 44
5277027
12133645
44241 03
121 09061
3517490
26 940 60
961619
70 622 58
48 295 76
46 522 92
71 509 09
110 06702
8 505 52
1243928
11288710
1964527
109 28130
39 067 42
20 687 36
78 580 34
30 772 44
2 680 05
161 80792LIFE COMPANIES
A toM
LIFE INSURANCE COMPANIES
Financial Condition as of December 31 1923 and Business Transacted During the Year 1923
Company and Location
Acacia Mutual Life Assn Washington D C
Aetna Life Ins Co Hartford Conn
American Central Life Ins Co Indianapolis Ind
American National Ins Co Galveston Texas
Atlanta Life Ins Co 132 Auburn Ave Atlanta Ga
Atlantic Life Ins Co Richmond Va
The Bankers Reserve Life Co Omaha Neb
Carolina Life Ins Co 1708 Sumter St Columbia S C
Cloverleaf Life Casualty Co Jacksonville 111
The Columbian National Life Ins Co 77 Franklin St
Boston Massj
Connecticut Mutual Life Ins Co Hartford Conn
The Conservative Life Ins Co 16th Market St Wheel
ing W Va
The Equitable Life Assurance Society of the United
States 120 Broadway New York City N Y
Federal Life Ins Co 166 North Michigan Ave Chicago
The Fidelity Mutual Life Ins Co 112116 North Broad
St Philadelphia Pa
The Franklin Life Ins Co Springfield 111
George Washington Life Ins Co 1014 Kanawha St
Charleston W Va
The Guardian Life Ins Co of America 50 Union Square
New York N YI
Home Life Ins Co 256 Broadway New York N Y
Illinois Life Ins Co Chicago 111
International Life Ins Co St Louis Mo
InterSouthern Life Ins Co Louisville Ky
Interstate Life and Accident Co Chattanooga Tenn
Jefferson Standard Life Ins Co Greensboro N C
Life and Casualty Ins Co of Tennessee Nashville Tenn
Life Ins Co of Virginia Capitol and 10th Sts Richmond
Va
Lincoln Reserve Life Ins Co Birmingham Ala
Manhattan Life Ins Co 646668 and 70 Broadway New
York N Y
Maryland Assurance Corp 40th St and Cedar Ave Bal
timore Md
Maryland Life Ins Co of Baltimore 8 and 10 South St
Baltimore Md
Massachusetts Mutual Life Ins Co Springfield Mass
Metropolitan Life Ins Co No 1 Madison Ave New York
City N Y
Michigan Mutual Life Ins Co 153171 Madison Ave
Detroit Mich
Missouri State Life Ins Co St Louis Mo
The Morris Plan Ins Society 19 West 44th St New York
City
The Mutual Benefit Life Ins Co 750 Broad St Newark
N J
ea

Admitted
Assets
The Mutual Life Ins Co of New York 34 Nassau St
New York City
9 259 890 68
224 647296 06
10 395 054 53
1707058849
495 342 82
12 032 374 40
13 975 003 00
421 392 70
110898215
2733206594
11033313694
2 913 85763
68694435727
6 981929 60
5615862393
1619859791
including Re
serves but
excluding
Capital and
Surplus
3246
45 339
48 655
23708
23 103
10 464
378
23217
3153
36 916
1119
19 536
1105
4674
182613
660 63
283 55
22212
932 61
18801
497 66
74280
318 93
125 41
613 75
584 34
742 83
699 35
408 66
798 31
1 431 39941827
18019
45 989
425
355310
695748
372 09
946 28
514 07
194 85
508 39
8 446 369 53
196 863 406 92
996116465
1450186704
36019872
1097717147
12 540 748 62
31187350
75016628
2558051143
104 218 973 25
2331 32773
591 841 530 25
Paidup
Capital
10 000 000 00
13700000
1 000 000 00
100 000 00
500 000 00
100 000 00
100 000 00
250 000 00
1 000 000 00
345 440 00
100 000 00
6 547543 46 300 000 00
100 000 00
53 573 923 97
1507771107
2919
42 008
46 639
21672
21 249
9537
200
22 012
2250
32 373
919
18 234
566
4231
173226
986 65
203 69
72582
244 14
381 90
643 27
804 57
215 39
037 00
20724
629 87
026 24
590 28
11657
955 88
1 356 650 006 04
16730
43 083
47
355 310
653 034
852 44
394 59
069 00
19485
16602
250 000 00
200 000 00
1 000 000 00
93750000
674 956 53
15000000
700 000 00
700 000 00
2 000 000 00
11964000
100 000 00
500 000 00
100 000 00
250 000 00
2 000 000 00
100 000 00
Surplus
f 81352115
1778388914
296 889 88
156872145
3514410
555 202 93
1 334 254 38
951920
108 815 87
751 554 51
536416369
237089 90
95 002 827 02
13438614
2 584 699 96
1 020 886 84
Insurance
issued in 1923
Paid for
76
3131
2015
1036
916
251
27
505
203
2543
80
673 98
079 86
496 30
688 47
30611
897 86
938 23
103 54
088 41
406 51
31447
120271659
3910907
343 292 09
9 386 842 43
74 749 412 23
1 038 519 65
906551 69
278 445 07
4179695000
51161054368
40 680 453 00
96 841 203 00
1861687310
21 468 772 00
18 482 324 00
12 768 030 00
381119900
31 700 538 00
7847119998
717764300
62870961100
13 684 334 00
48 653 771 00
35 681 568 00
43 772
32 002
25 980
43 283
689 00
210 00
468 00
890 00
425
62 691
86210
59152
2565
422 00
70000
409 00
10800
573 00
4271434237
1212947900
4291911 00
2 133 259 00
16741890500
2 359 034 859 00
2041712843
155 449 489 00
8 075 850 00
197245 235 00
42418496600
Total
Insurance
in force
15219070000
59358874982
13576192200
21503740400
1133359000
102 023 085 00
8573730000
15 774 969 00
953518900
16791448800
49310454576
2719286400
3 446 574 467 00
5417444700
267 248 034 00
15013794000
21 579
228443
247 373
150 301
162 309
88 502
1681
215784
82 355
255168
8536
640 80
643 00
210 00
990 62
900 00
568 00
710 00
945 00
19300
568 00
338 00
75 951 527
14 473 455
17741069
1 028 401 673
9 238 254 068 00
10370385715
475735998
9129700
1653277782
2817761 195
INCOME
Total
Premium
Income
Total
Income

3 970
63311
2713
6146
942
3269
902 41
895 84
21458
711 40
396 62
278 27
2 855 683 44
849 559 05
232 354 90
535124810
1503407619
818 603 54
124 249 494 42
2 486 065 86
980034789
4 393 359 14
658 41547
813557301
768685521
4 341 381 42
516726978
2 486 604 51
191 765 24
716586820
5 320 524 70
8 596 259 60
342 579 30
2131
290
522
31 830
01619
14471
64016
090 47
320 055 060 10
2786
13 970
200
54 677
104 268
024 39
904 40
65731
870 72
099 55
4512985
75430133
3487891
7791843
975 894
4048145
3 590 378 04
885811
1704 299
6 891 468
21564521
962 932
164772939
3 053 729 48
13 212 038
5892182
1 037 800
11350180
10 409 267
5597818
27999212
6094614
914 900
8661724
5741560
10711 139
490 404
3 363 722
332 487
784333
i 847 540
43
39631166425
778 055
237 086
218892
765 402
706 207
DISBURSEMENTS
Paid to
Policyholders
and Bene
ficiaries
869 505 91
37 042 039 39
1 268 936 93
1 584 829 28
351 336 85
1 315051 53
1 41132135
31775929
41403 64
251911728
1006801957
214782 00
10929156794
1065 586 80
5 904 860 82
211677640
128
5870
5871
1 082
1995
1344
59
2393
1848
1 952
79
95726
318 06
544 00
077 67
551 78
52768
646 38
340 1
555 78
468 75
860 44
351030166
58 253 27
269 037 39
1714932381
13368170973
1 564 465 32
521345570
32 275 90
37 230 606 54
11760532749
Total
Disbursements
2 283 932 35
64 260 659 30
2 529 653 27
5 085 833 85
898 870 80
2 641 202 10
251288778
81703690
1 412 065 00
456687961
14 825 471 46
51937524
144657711 42
210030403
883260970
427835170
745
8815
7894
3313
22 565
3 102
878
5096
5081
6 493
364
040 46
346 78
265 66
161 39
892 81
22419
015 85
570 9l
060 16
49915
091 51
525 400
209 409
638 659
669725
25
234 966 403 63
622 974
575 086
172 793
029 235
675155
BUSINESS IN GEORGIA
Insurance
in Force
1 833 300
26788881
1 082 524
16176477
6 343 741
1447675
53525700
3 428 545
9535189
5 638 694
7781 72
141499
26 365 218
26896700
6367396
7155294
2667899
6Ml 571
1 745811
4 395 625
5029019
3I 919
la 148 938
12368986
8 068 379
21 743656
53 522
2254318
j139 960
Ml 753
235 225
11219699500
069 507
832 677
101300
800 909
497444
Insurance
Issued 1923
570 500 00
788264469
276 095 00
761695600
3 874 396 80
130 500 00
81 491 50
390911700
3811 19900
125 684 00
I 378 600 00
40 999 00
5 138 569 00
52 229 00
1 71464400
2 078 944 00
727
2420
87
545
539
525
70
3564
11298
7233
318
047 00
055 00
263 00
171 00
136 00
875 00
250 00
300 00
240 00
446 00
397 00
13000000
38 500 00
259 826 00
3 028 369 00
40 229 659 00
231 355 56
412098400
101 300 00
375720600
8 335 832 34
Losses
Paid
14 462 86
31788502
4 865 46
11771721
88 202 00
11 223 25
3 000 00
43 221 00
41 40364
77 054 07
41 992 00
795 976 53
11808558
77841 18
15 003 88
33101 31
1259733
4735000
6751400
4075000
77 556 99
11668451
196 576 34
7 000 00
35 282 45
14799 00
17665400
1 357356 65
38 268 67
76 526 92
250 00
323 518 00
1 03127939
Claims
I neinTeil
13 462 K
31788502
3 500 00
122 956 45
8K 702 00
11 223 25
43 696 00
25 090 28
79 457 35
44 497 00
279 487 60
66 944 00
75 841 18
16 003 88
4811660
13 000 00
5735000
6926700
4918200
77851 99
11476851
19725144
8 000 00
32 257 00
21 21800
16954400
952 938 48
2241917
74 370 66
250 00
316 018 00
1 022 088 39
Premiums
Received
3570266
658 868 48
30 833 92
55293761
191 65600
4690610
1562634
110451 00
5720 45
93 470 80
25448211
3 877 34
88982775
239771
247 872 56
225746 22
79 853 88
217411 49
4081290
95 041 24
152 573 86
11436900
2 939 79
41340717
368 088 36
888 549 28
30691 41
4214130
3 577 57
92 055 77
794 672 27
334057915
53 039 68
50432741
2 657 85
115436042
1 920 362 27mLIFE COMPANIES
Nto VLIFE INSURANCE COMPANIESContinued
Financial Condition as of December 31 1923 and Business Transacted During the Year 1923
Company and Location
Admitted
Assets
Liabilities
including Re
serves hut
excluding
Capital and
Surplus
Paidup
Capital
Surplus
Insurance
issued in 1923
Paid for
Total
Insurance
in force
INCOME
Total
Premium
Income
Total
Income
DISBURSEMENTS
Paid to
Policyholders
and Bene
ficiaries
Total
Disbursements
Insurance
in Force
BUSINESS IN GEORGIA
Insurance
Issued 1923
Losses
Iaid
Claims
Incurred
Premiums
Received
National Benefit Life Ins Co 609 F St N W Washing
ton D C
The National Life Accident Ins Co Nashville Tenn
National Life Ins Co Montpelier Vt
National Life Ins Co of the United States of America
Chicago 111
New England Mutual Life Ins Co Boston Mass
New York Life Ins Co 346 Broadwav New York N Y
North Carolina Mutual Life Ins Co 114 Parrish St
Durham N C
The Northwestern Mutual Life Ins Co Milwaukee Wis
The Pacific Mutual Life Ins Co of California Los Ange
les Cal
PanAmerican Life Ins Co New Orleans La
Penn Mutual Life Ins Co 6th and Walnut Sis Phila
delphia Pa
Phoenix Mutual Life Ins Co Hartford Conn
The Provident Life Accident Ins Co Chattanooga
Tenn Chattanooga Tenn
Provident Mutual Life Ins Co of Philadelphia Philadel
phia Pa
The Prudential Ins Co of America 755 to 769 Broad St
Newark N J
Reliance Life Ins Co of Pittsburgh Pittsburgh Pa
Reserve Loan Life Ins Co Indianapolis Ind
Security Life and Trust Co 223 N Main St Winston
Salcm N C
Security Mutual Life Ins Co Binghamton N Y
The Southern Ins Co Nashville Tenn
The Southern States Life Ins Co Mityleve Ala
Standard Life Ins Co Atlanta Ga
The State Life Ins Co Indianapolis Ind
State Mutual Life Assurance Co Worcester Mass
The Travelers Hartford Conn
The Union Central Life Ins Co Cincinnati Ohio
United States National Life and Casulaty Co 29 South
La Salle St Chicago III
United Life and Accident Ins Co Concord N H
Volunteer State Life Ins Co Chattanooga Tenn
85985518
1083241769
89 212 325 28
2574617408
14032731998
1 003 773 762 46
1 945 521 95
589 029 701 23
8191326591
12 725 862 88
270 136 059 65
75 360 355 57
1 864 239 37
143 502 208 35
1 039 412 822 86
2618067572
7 086 895 75
66284771
1334388039
1 349 593 46
5 256 338 78
2 655 036 33
3093782806
8467926111
286 092 880 85
190 248 915 47
604 345 77
3 004 194 95
829774916
657231 30
870880638
8371861424
2301610019
13116078451
1003 773 762 46
1 870 885 52
551 544 503 69
7777782408
1102050837
27013605965
71 61792311
1 301 461 75
143 502208 35
994 075 504 52
2456748371
6 535 648 63
32348971
12 688 488 49
1 090 926 99
4 953 583 75
2 253 249 97
28 937 828 06
78 851 222 03
260 766690 82
17797640742
14151193
217375643
739774916
123 438 82
600 000 00
1 000 000 00
7918506
152361131
5493711 04
1 730 073 89
916653547
14 994 886 00
1 500 000 00
1 000 000 00
74 636 43
3748519754
2 635 441 83
705 354 51
6029945100
29 596 265 64
9614802500
69845621400
1784407400
30547774900
105 264 478 00
2130321400
134 301 401 00
389 081 039 00
15403606990
719 421 634 00
4 376 729 804 00
4114878700
2 689 218 038 00
102745808
1212133912
1376474048
452766029
2378635821
16965921162
1 70890797
8798417563
118465795
1263331208
1846247718
869230151
3115004918
226 486 346 81
1 820 954 23
11998191535
262 162 50
4411 52398
10 641 413 44
2 580 960 56
7251 38306
16579141323
606 458 48
61 570 293 33
1 068 260 43
10 462 501 33
1412308428
774794519
1917509595
20895919536
1 505 601 80
78 488 499 64
300 000 00
3 742 432 46
262 777 62
2 000 000 00
1 000 000 00
200 000 00
250 000 00
17370250
100 000 00
250000 00
10 000 000 00
2 500 000 00
300 000 00
500 000 00
600 000 00
4333731834
61319201
35124712
89 358 00
655 391 90
84 927 97
20275503
151 786 36
2 000 000 00
5 828 039 08
1532619003
9 772 508 05
162 833 84
330 438 52
300 000 00
18879619600
52 002 58600
541144400
9309492600
1 246 252 98400
5596748500
1429064400
549706700
1291413600
884677200
499 040
108 687
1 262 418
370 000
15701
657 609
7137083
255 869
56 564
161 00
71100
26700
733 00
233 00
790 00
391 00
686 00
53700
17145563
3 349 495
43160658
13 569 537
2 530 886
24 059 000
254116849
8 344 065
1 752269
22 021
4162
60 454
18 577
834 87
996 87
77295
218 03
2 754 083 84
3246097707
306777
10 332
2187
109 56
372 31
146 71
3 931 257
1 129 305
31965128
8 260 928
927104
15769407
110316884
1379 998
595 622
14779
2669
43216
11 988
2318
20811
180 164
5818
1389
835 48
969 37
174 27
420 98
794 40
51117
18327
324 24
840 04
11 01527700
75 309 053 00
2712761600
47 662 255 00
3613892200
53 976 712 00
690 900 69400
16708708100
17872831600
39818305900
243831714500
1 00711038500
14 748 053 00
68057101 00
362 289 92
259894321
116528617
1 386 662 65
1 17864024
611416378
12 479 234 87
5496131160
33 250 374 23
590 352 20
1131 686 35
1 795 893 04
480 754 34
331865496
1 392 469 91
1 700 853 24
1 741 621 69
788840953
1753459938
6697058113
4505764871
81954941
127079552
2 404 241 04
54 610 43
1 778 778 92
29177681
470 537 05
278 263 97
1 52415746
8 863 523 80
20 532 404 23
21766911 44
182 713 30
319 222 85
553 669 84
247 660 26
2798201 13
1 563 208 65
1 12244963
1 18082073
561631671
12 000 452 94
3773616987
3107057753
634 921 62
803 383 05
1 40024313
9091 02 III
14 082 076 20
4 522 608 43
18 373 682 00
73 684 789 00
647512600
32 915 252 00
8 013
4589
11500
868 00
47 588
5024
000 00
18290
539
650 00
6 874 359 00
34 132
6784
1541
91201
98700
978 00
84 000 00
1 628 560 00
4 032 256 20
18 495 6K8 00
4 46130 00
991780800
556817300
19 330 449 00
45196711HI
31702900
4 002 525 00
2 052 091 00
166661158
114678499
2 826 439 00
13811 50400
3 082 209 00
3 539 050 00
1 140
1660
3967
761
771
6408
1 740
389
889 00
422 00
945 00
61766
000 00
816 00
41800
928 00
17600
24 000 00
80 500 00
1 321 675 20
512670400
1 216 250 00
2 392 836 00
93751000
3 821759 00
590419300
291 028 80
32922821
49 805 00
59 276 00
73602901
13691550
38077668
105 433 00
43 234 00
605 005 00
58 941 67
2 000 00
20 000 00
608 715 53
75 059 67
10 376 41
2 500 00
35 042 25
4732980
108 496 24
40 556 00
10376312
45 994 08
224 140 55
328 366 03
20 500 00
1 415 635 00
2 865 69
26 572 00
28443216
123 630 00
49 805 00
59 276 01
731 59501
141 06485
373 549 58
102110011
3975815
595 537 00
61 976 73
2 000 00
60961763
71 096 29
267734
2 500 00
29 042 25
4731980
120 151 00
41 056 00
11476312
49 994 08
23724115
324 398 03
3 072 84
28 922 00
755 443 69
459 292 33
132 202 00
597 258 96
2501 94913
300 922 25
92958512
254781 19
11684668
151167664
144 268 98
11 600 00
198 58 42
934 430 03
207623 43
3840441
409011
60 046 57
120851 38
54213348
18841071
202 395 79
17350571
421 26941
1 41075970
f633l00
12693654mamMISCELLANEOUS COMPANIES
A to I
I
I

IMISCELLANEOUS COMPANIES
Financial Condition as of December 31 1923 and Business Transacted During the Year 1923
Company and Location
Admitted
Assets
Liabilities
Including Re
serves exclud
ing Capital
Paidup
Capital
Surplus
INCOME
Total Net
Premiums
Total Income
DISBURSEMENTS
Net Losses
Paid
Total
Disbursements
The Aetna Casualty and Surety Co 650 Main St Hartford Conn
Aetna 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 511 Locust St St
Louis Mo
American Mutual Liability Ins Co 245 State St Boston Mass
American Surety Co of New York 100 Broadway New York CityN Y
Benefit Assn of Railway Employees Chicago 111
Columbia Casualty Co 114 Fifth Ave New York N Y
Commonwealth Casualty Co Philadelphia Pa
Continental Casualty Co 910 So Michigan Ave Chicago 111
Employers Indemnity Corpn 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 Broad
way New York City N Y
Federal Casualty Co Detroit Mich
The Fidelity and Casualty Co of New York 9294 Liberty St 97103
Cedar St New York City
Fidelity Deposit Co of Md Baltimore Md
Fidelity Union Casualty Co Dallas Texas
General Accident Fire and Life Assurance Corp Ltd 4th and Walnut
Sts Philadelphia Pa
General Indemnity Corp of America Rochester N Y
Georgia Casualty Co Macon Ga
Globe Indemnity Co Newark N J
Hartford Accident and Indemnity Co 690 Asylum Ave Hartford
Conn
Hartford Live Stock Ins Co New York N Y
The Hartford Steam Boiler Inspection and Ins Co 56 Prospect St
Hartford Conn
Home Accident Ins Co Fordyce Ark
Indemnity Ins Co of North America Philadelphia Pa
Independence Indemnity Co N E Corner 3rd and Walnut Sts Phila
delphia Pa
Integrity Mutual Casualty Co Chicago 111
InterOcean Casualty Co 821 Union Central Bldg Cincinnati Ohio
Interstate Casualty Co Birmingham Ala
Interstate Life and Accident Co 540 McCallie Ave Chattanooga
Tenn
18 999 653
224647296
4669756
1776356
2 664 072
11 903883
16 539 408
808 591 95
1268441475
196 863 406 92
3 641 430 65
1 00591553
1 410 336 58
980492751
9 351955 66
139 59140
4866
921
12189
2855
30 315
61
559
29 055
16 220
927
214 92
980 0
500 29
153 74
433 13
674 77
904 47
191 89
336 80
727 70
11521 64356
537 087 08
2 549 603 99
2098330122
19 942 894 80
121315895
1216602813
152124772
831713658
3 888 413 63
1 605 008 26
533 365 64
782 920 22
378 742 80
2 000 000 00
10 000 000 00
300 000 00
500 000 00
700 000 00
5 000 000 00
3243
575
9189
1 749
22 098
1931
113
20153
9622
563
018 82
548 70
500 29
664 64
510 46
399 81
812 26
67710
144 07
802 97
1000
300
2000
700
250
See Life
350
4000
5000
300
000 00
000 00
000 00
000 oo
000 oo
Report
000 00
000 00
000 00
000 00
4 315 238 38
1778388914
72832615
270 440 57
553 736 08
2 098 955 61
218745254
669 000 55
62319610
46 431 31
1 000 000 00
405489 10
7966 922 67
See Life Report
96 092 21
490151479
159819273
63 924 73
1281174490
24 624 690 27
401748001
1 038 422 58
1 745 458 68
1016741047
8 055 244 62
1 061 073 88
966378051
21 325 67
204586670
15 983 301 22
15 494 947 23
49622475
6 305 865 46
86913366
5 919 553 94
181707267
1 205 008 26
23324810
424773 30
200 804 57
500 000 00
200 000 00
300 540 00
1 500 000 00
1 000 000 00
500 000 00
2 500 000 00
500 000 00
1 000 000 00
1 000 000 00
Mutual Co
200 000 00
300 000 00
150 000 00
1357863 04
315761 41
20319729
3 500 000 00
344794757
216 934 20
3 360 162 67
15211406
139758264
1071340 96
400 000 00
10011754
5814692
27938 23
13 494 360 69
25 943 761 35
4 171 509 99
112964028
1 879 864 67
11 050 050 98
945610152
184921034
3867
1092
12525
2057
20 388
1598
477
18 623
9575
963
620 26
34 III
281 25
369 73
914 45
788 08
993 33
314 88
48216
999 61
1169640076
22 626 31
275015670
1510314325
1731660881
921 183 86
4 040 564 74
108117323
729314412
270899882
1 453 671 92
1 453 816 89
92474502
68921491
451191619
12 254 083 52
1 568 690 04
371 46976
531 070 96
5 333 476 85
2 558 229 55
541 30913
4024
1840
13717
102
22 060
1598
560
20 064
10 535
1084
443 84
771 06
315 86
79517
090 12
962 67
329 65
991 62
336 92
91755
1222984651
46 310 34
2 952 669
15911 05702
1795049809
961 370 68
468874851
174739765
7 574 231 59
281386670
1 50913593
1 475 358 03
1 034 528 00
91490012
1144519792
2693601481
324681328
97360774
1 957682 28
1069343107
8 466 083 68
1 049 578 98
1595
452
5802
926
11165
940
162
8538
2689
609
827 64
12600
85788
974 33
326 35
091 38
966 85
970 20
18826
716 48
541757469
1 304 388 50
6 690 002 03
721583315
651 121 80
610 224 43
504 945 54
2 819 015 75
552 071 76
1 31861681
50991761
524 854 37
306 626 04
3254
913
12426
1103
22 446
1370
549
19081
11268
1 056
441 55
588 00
925 26
588 73
81459
428 74
887 33
620 64
079 36
351 17
10 813 046 27
2790019
2 622 968 55
13401 52289
1467951006
1 009 597 74
417186799
845 498 38
610663794
1 695 540 83
2 059 423 56
1373801 77
1 100 078 75
878 015 85

MISCELLANEOUS COMPANIES
L toZMISCELLANEOUS COMPANIESContinued
Financial Condition as of December 31 1923 and Business Transacted During the Year 1923
Company and Location
Liberty Mutual Ins Co 210 Lincoln St Boston Mass
Lloyds Plate Glass Ins Co No 1 Liberty St New York City N Y
London Guarantee Accident Co Ltd 134 So LaSalle St Chicago
111
Loyal Protective Ins Co Boston Mass
Lumbermens Mutual Casualty Co 4624 Sheridan Road Chicago 111
Lumber Mutual Casually Ins Co 41 East 42nd St New York N Y
Maryland Casualty Co Baltimore Md
Massachusetts Bonding and Insurance Co 1420 Kilby St Boston
Mass
The Massachusetts Protective Assn Inc 18 Chestnut St Worcester
Mass
The Metropolitan Casualty Ins Co of New York 55 Fifth Ave New
York N Y
Monarch Accident Ins Co Springfield Mass
National Accident and Health Ins Co 244 S Eighth St Philadelphia
Pa
National Casualty Co 422 Majestic Bldg Detroit Mich
National Surety Co New York N Y
New Amsterdam Casualty Co 227 St Paul St Baltimore Md
New York Indemnity Co 115 Broadway New York N Y
New York Plate Glass Ins Co New York N Y
North American Accident Ins Co 209 So LaSalle St Chicago 111
Norwich Union Indemnity Co 75 Maiden Lane New York N Y
The United States Branch of The Ocean Accident and Guarantee Corp
Ltd of London England New York office 114 Fifth Ave New
York City
Phoenix Indemnity Co 75 Maiden Lane New York N Y
Preferred Accident Ins Co of New York N Y 80 Maiden Lane New
York N Y
The Ridgely Protective Assn 18 Franklin St Worcester Mass
Royal Indemnity Co 84 William St New York N Y
Southern Surety Co Des Moines Iowa
Standard Accident Ins Co Detroit Mich
Sun Indemnity Co of New York 55 Fifth Ave New York N Y
The Travelers Indemnity Co Hartford Conn
Union Indemnity Co New Orleans La
United States Casualty Co 80 Maiden Lane New York City N Y
United States Fidelity and Guaranty Co Baltimore Md
Admitted
Assets
Zurich General Accident and Liability Ins Co Ltd 175 W Jackson
St Chicago 111
7885
1973
18485
739
2786
1150
32081
8233
3881
2269
502
682 63
989 72
696 92
458 04
121 79
482 55
549 26
14861
24751
76616
252 65
214 946 85
63770708
31 900 223 42
12 330 27730
4 349 207 94
211388151
134470766
2 791205 62
19 035
1837
8765
648
18 940
6595
16 483
1704
15118
494 63
239 42
60196
759 89
009 92
08126
76814
1086761766
5946
8645
36877
413 70
103 90
874 32
Liabilities
Including Re
serves exclud
ing Capital
6550
761
15 844
367
2327
812
21475
5415
2669
825
296
579 96
17305
300 53
720 52
255 08
69785
429 22
98728
560 30
20043
838 00
40 804 39
24589015
1777903311
8 980 277 30
2 478 442 47
863 348 67
95757201
174718322
17584
739
6110
318
14 662
4986
11803
699
40119
032 58
929 23
248 43
782 44
19299
11353
594 53
7933 998 94
3793
6437
26 936
195 45
274 95
063 74
Paidup
Capital
1101155578 937282166
750 000 00
750 000 00
100 000 00
5 000 000 00
1 500 000 00
500 000 00
750000 00
100 000 00
100 000 00
200 000 00
10 000 000 00
1 750 000 00
1 000 000 00
500 000 00
200 000 00
500 000 00
750
500
1400
100
1000
1000
2500
700
000 00
000 00
000 00
000 00
000 00
000 00
000 00
000 00
1 500 000 00
1500
1000
5000
000 00
000 00
000 00
600 000 00
Surplus
1 33510267
462 816 67
1 891 396 39
27173752
458 866 71
33778470
5606 120 04
131716133
71168721
694565 73
105 414 65
7414246
191 81693
12119031
600 000 00
87076547
750 532 84
18713565
544 022 40
700
598
1254
230
3277
608
2179
305
74899
462 05
31019
353 53
97745
816 93
96773
173 61
1433 618 72
653
1081
4941
218 25
33183
810 58
INCOME
Total Net
Premiums
7775
1044
16 492
1013
2870
678
21 940
6940
4944
1 292
898
62720
239 66
70821
007 77
762 21
399 31
026 69
12830
445 91
055 42
946 49
37404915
1 323 014 35
1652709316
8 803 220 76
319592600
1 33805875
2 105 816 86
2 331 270 69
13 875
966
4700
1167
13251
6 395
11895
839
88579
825 98
062 69
954 56
274 50
615 46
600 47
40721
8 654 635 76
5176
7131
30 528
833 89
337 93
632 06
Total Income
8185
1123
17496
1159
2960
720
790 05
926 84
53214
002 12
481 61
342 22
2380370711
7343
5641
658 36
585 79
1546
1 049
364 51
21010
42091747
1 385 109 41
17974481 08
1009745100
4 278 870 00
1 428 432 69
2 241 619 50
258768174
14791
1024
5035
1355
13 989
6676
12 807
1125
824 95
708 43
301 61
215 49
91732
979 67
12117
69912
910990133
6097
7544
33 080
831 06
595 54
38079
1 05873412 823195099 896359555 659757217 806571534
DISBURSEMENTS
Net Losses
Paid
3875
391
8562
616
1027
407
11011
2830
3047
507
465
884 46
546 26
423 94
978 01
288 99
583 51
350 05
460 07
648 88
54881
542 09
131 46324
58844711
677449571
390812800
51559700
51105860
84951428
105981446
7132
246
1815
779
6135
3265
5509
52724
588 32
950 82
54073
612 00
666 27
942 68
236 73
3 680 337 86
2094
3829
14267
16483
70510
271 06
Total
Disbursements
7722
1056
17300
1162
2 432
720
23 678
6690
4964
1301
978
763 03
369 57
980 97
021 47
287 04
60910
772 17
19101
41361
961 72
47570
39521545
I 323 764 98
16 234 497 99
8 284 391 27
1 620 141 00
131378033
213773922
214920121
14 257
684
4258
1384
12 004
6942
11725
492
326 39
380 03
001 99
490 40
01126
334 36
422 43
514 73
8 254 016 92
5090
7183
31297
63674
422 49
735 98COMPARATIVE TABLES
GEORGIA BUSINESS
Miscellaneous Companies
A to F
MISCELLANEOUS COMPANIES
GEORGIA BUSINESS 1923
Auto Liabilities other than Auto Workmens Compensation Fidelity Surety Plate Glass Burglary Credit Sprinkler Workmens Collective Steam Boiler Engine and Fly Wheel Auto Property Damage and Collision Property Damage and Collision other than Auto Live Stock Physic Liabilities TOTALS
H Premiums Received Losses Paid
1 2 3 4 5 Losses Aetna LifePremiums Losses Losses American CasualtyPremiums Losses American Credit Indemnity Premiums Losses American MutualPremiums Losses American National Premiums Losses American SuretyPremiums Losses Benefit AssociationPremiums Losses Losses CloverleafPremiums Losses Losses ColumbianPremiums Losses CommonwealthPremiums Losses ContinentalPremiums Losses Employers IndemnityPremiums Losses Employers LiabilityPremiums Losses EquitablePremiums Losses Losses Tj i Losses Fidelity and CasualtyPremiums Losses fidelity and DepositPremiums TJ Losses Fidelity UnionPremiums Losses Totals Premiums 58 K 4 l 41 729 3J 23 204 9C Ace Health 3884 13 730 09 j 744775 13 523 86 513570 2040 36 424 32 14 021 40 5 839 99 642 63 5 555 96 2 265 50 900 1791370 2 976 60 44 644 80 29 052 98 1149516 321 41 1041801 1088 3 885 03 113158 354 99 69187 6 549 48 1 840 72 31842 420 00 6 676 07 117451 152 82 155 35858 1731509 9711 41 2 606 28 861 16 3 357 42 116827 11030 51 434 05 154 442 26 8 446 27 2311065 1317295 76 703 66 150379 9 681 34
6 7 8 9 46 355 00 8 143 48 Ace Health 46 355 00 29 842 05 1146601 593919 152795 00 1872500 3 950 21 585 00 5 864 91 564 00 10742839 60 573 83 27 593 83 21 091 09 6 072 34 146705 269416 206478 486 29 11930829 9271000 15577869 1146601 269416 62 209 12 3798553 5015197
10 11 15279500 593919 18 725 0C
12 13 2 320 25 41891 4 258 28 523 63 Ace Health 70 753 25 2020312 2 208 97 93221 2 022 44 972 21 3 880 21 848 85 Ace Health 1790421 6 061 74 33 521 58 1621917 870801 172783 565 66 1878 09 118844 16 665 32 146 00 861491 3 653 37 1 195 32 4 259 71 2 080 49 884 49 218321 1369113 9 692 60 5812 30 868 58 71 983 60 613637 870801 3937921
14 15 3 576 97 285745 2141177 24 452 85 2 872 90 2 225 58 1000 2 226 10 1 312 31 873 01 303 03 218177 332 42 2 704 32 223 86 117338 6 546 27 2 643 63 3 576 97 11994811 285745
1 602 30 54 313 93
16 183 20 129441 8 093 93
17 1 288 80 794 83 6 588 46 448151 175020 806 32 1089759 1197990 6 828 77 2 099 75 2211498 105755 158 35 888 30 4846 45 00 6 260 67 3 598 39 54 276 92 469755
18 19 719 40 749 75 4118655
10 468 67
5 330 36 806 32
19 20 1750 20
21 36 232 50 21 449 90 724343 18 569 02 6 834 97 20 452 58 9 922 37 329217 14 775 29 5 885 98 521 33 102619 13 94933 736168 250 88 15770 98979 1 200 00 1790421 17848797 136 866 47 6061 74
22 1550210 42 269 99 2319181 92 483 03 1258 79 4 393 45 211345 259117 98 958 50 2704177
22501164 77532 38 344694 56 14717726 1704720 3 840 32 14671524 6011640 5987 5163414 12 631 32 1417419 9 383 79 224 388 79 148461 03 138 435 08 5110705 169 249 77 2236076 335 61 38 68 2391047 8 208 93 3631962 15 144 93 6 676 07 2 694 16 117451 6 930 37 521 33 4 456 28 4846 67085 38 35 568 43 8192 556 37 15770 989 79 1 200 00 31 698 79 1448 228 08 1326279
152 84 583 082 96

COMPARATIVE TABLES
GEORGIA BUSINESS
Miscellaneous Companies
GtoMMISCELLANEOUS COMPANIESContinued
GEORGIA BUSINESS 1923
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
General AccidentPremiums
Losses
General IndemnityPremiums
Losses
Georgia CasualtyPremiums
Losses
Globe IndemnityPremiums
Losses
Hartford Accident
Hartford Live Stock
Premiums
Losses
Premiums
Losses
Hartford Steam Boiler and Inspcc Co Premiums
Losses
Home Life and AccidentPremiums
Losses
Indemnity Insurance Co of N AmericaPremiums
Losses
IndependencePremiums
Losses
Integrity Mutual Casualty CoPremiums
Losses
InterOcean Casualty Co
InterState Casualty Co
InterState Life and Accident
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
Premiums
Losses
London Guarantee and Ace Co Ltd Premiums
Losses
Loyal Protective Premiums
Losses
Lumbermens Mutual Casualty CoPremiums
Losses
Lumber Mutual Casualty CoPremiums
Losses
Maryland Casualty CoPremiums
Losses
Liberty Mutual Insurance Co
Life and Casualty
Lloyds Plate Glass
Accident
1121180
16 246 65
1 925 48
1 102 06
1245017
1408 50
3 688 84
1 215 931
338 50
14187
cHeaTth
Health
Health
9281 64
5 402 30
141700
1 474 94
4579
1979 63
Totals Premiums
Losses
25 349 66
10 861 83
Ace Health
3220736
24 069 09
8731368
54 904 06
2 820 04
1 600 34
166 06
569 27
115400
21496
191564 01
90 585 34
19 234 46
1075613
1768 95
624 37
2101218
14 306 40
252 998 00
12751368
Auto
Liabilities
other than
Auto
10 733 81
351413
54 832 16
25 103 42
26 706 45
26 228 28
3254312
8 139 26
278730
339 50
16738 28
817116
1 356 92
2500
1177175
210850
2457231
1704637
525 75
870 00
36 068 89
13 954 01
413483
817972
46 303 05
2571207
26907662
139 391 42
1 438 51
10750
1402794
7 006 77
10 610 50
3 568 99
10 771 42
259 35
Workmens
Compen
sation
164 50
417406
1 013 28
37587
356719
31587
220 45
1 048 40
7 299 45
1 984 38
2491754
16 929 21
75 494 25
31 079 93
Fidelity
5 573 06
3 249 87
7081929
44 453 36
40 430 99
2046617
2509748
15 853 68
1570788
5 680 47
10 385 42
375282
43734
400
1974492
16 232 58
332752
2 395 64
48 385 07
29 018 27
2919142
26 464 22
1 887 89
2 122 23
15219886
101 711 82
42318714
271 405 13
695719
1 929 21
10 626 20
3 389 59
451059
17920
1000
s964722
10 728 82
1 500 67
10 929 85
3 345 99
4972687
10 344 66
Surety
11 44881
1773 83
1864707
725280
1 191 94
324783
365766
1246212
23 326 36
1071301
6776613
1973964
Plate
Glass
2805 98
67719
971743
3 048 35
6 095 63
328814
4 466 69
1638 55
13668
908 59
390 22
5569l
5544
3 753 67
1370 01
1945 68
24991
916
33710
1604474
4 908 6
51922 79
1748183
Burglary
138278
81987
435 12
890 58
806 32
13572
79466
891151
1 945 72
4 190 76
2 400 13
524 70
206770
Credit
857396
356530
1925
18 713 25
10 160 70
50 984 33
24 492 70
Sprinkler
Workmens
Collective
Steam
Boiler
Engine and
Fly Wheel
2742497
941 90
782 90
1357507
4 293 97
97758
375403
553 71
375403
553 71
97758
1 802 62
586 50
1316362
261730
4317411
414570
5 446 60
76992
476747
1211 94
2378914
6 275 83
Auto
Property
Damage
and
Collision
Property
Damage and
Collision
other than
Auto
5 051 40
1 25913
28 260 54
150446
1006651
4726 78
18 409 65
28 973 89
1 298 92
11653
8 918 83
7441 86
531 34
146 8
4 452 55
2 502 94
I09479h
7 362 35
223 75
420 00
178153
98365s
1 826 79
1 1861i
2599841
14 506 35
133 802 00
93 524 03
800
Live Stock
59 00
5000
4 046 91
51621
130 58
3835
4290
Tf93
63l26
21091
5800
11762
1600
480 68
900 00
199 35
12917
5 945 14
170773
5 650 77
3 991 00
Physic
Liabilities
565077
3 991 00
TOTALS
Premiums
Received
47 486 98
435712
T8f60694
1237841 il9
146 633 56
5650777
Ti766b64
197958760
63 581 24
i407M
lTioTbo
ssflSFM
1917564 Si
512542
37753767
196 20788
176895
357662713
TjeisJM
393 536 07
1 545 560 58
Losses
Paid
31 276 64
95 512 85
697859727
70 879 32
399i7db
57235787
6436760
2768331
17586
217468773
214796
24768747
907685734
37685764
i37001
837699750
624737
377667726
2422723
23087629
806 551 05
COMPARATIVE TABLES
GEORGIA BUSINESS
Miscellaneous Companies
M toR

MISCELLANEOUS COMPANIESContinued
GEORGIA BUSINESS 1923
Accident Health Auto Liabilities other than Auto Workmans Compensation Fidelity Surety Plate Glass Burglary Credit Sprinkler Workmens Collective Steam Boiler Engine and Fly Wheel Auto Property Damage and Collision Property Damage and Collision other than Auto Live Stock Physic Liabilities TOTALS
Premiums Received Losses Paid
47 Losses Massachusetts Bonding and Ins CoPremiums Losses Massachusetts Protective Assn Premiums Losses Metropolitan CasualtyPremiums Losses Metropolitan LifePremiums Losses National AccidentPremiums Losses National CasualtyPremiums Losses National Life and AccidentPremiums Losses Losses National SuretyPremiums Losses New AmsterdamPremiums Losses New York IndemnityPremiums Losses New York Plate Glass Premiums Losses North American AccidentPremiums Losses Norwich Union Indemnity Premiums Losses Ocean Acci and Guarantee Corpn Ltd Premiums Losses Pacific Mutual LifePremiums Losses Phoenix IndemnityPremiums Losses Preferred AccidentPremiums Losses Provident Life and AccidentPremiums Losses Reliance LifePremiums Losses Ridgely Protective AssociationPremiums Losses Losses AccHealth AceHealth Ace Health 2179661 14 834 73 19 482 90 813789 63 646 98 5017996 21796 61
1483473
48 9 746 64 3 17700 113774 5 929 93 223 39 5 661 65 3 325 84 291732 102512 4 642 07 888 00 462184 1 041 90 12762 5426771
1781914
49 63 646 98
5017996
50 142 99 11000 4 540 69 2 015 21 9443 488811
201521
51 6 536 81 181108 Ace Health Ace Health Ace Health AccHealth 778769 2741 77 14 324 50
4 552 85
52 25 646 88
1157030 15 64107 916266 1157030
53 15 641 07
916266
54 33 322 69
11635 57 1163557
55 10518956
3597410 3597410
56 9854716 64 448 45 610724 6160 90 00 67001 26 16 536 43 7105 31 738512 45118 3 763 47 2 472 24 48631 204 00 6 28149 17921503
8143606
57 2 459 69 283 47 250 32 1326 25 859 70 30726 15 362 26 5 240 25 2 620 84 2 958 53 124 00 26709 11681 23 4222 66 1 858 56 15 50 2 006 73 1038 42 17535 7922 54 321 OS 858 34 300 40 60 993 65
227 66 1774605
58 6540 6979 47
297 35
59 6702 28 670228
AccHealth 43734 293 90 8 832 03 1 226 51 25 67188 8 406 13 700 3393521 14 719 28 44150 34747 6 268 71 2 091 52 31 375 73 2 080 84 2 080 84
60 33 935 21
14719 28
61 790175 4 034 00 3061311 18 882 07 2261 05 225 00 8 449 40 3 543 50 741687 2 538 46 5314470 3766718 31657 8478 4 882 58 181815 953 07 1740 13 2 74302 210678 1607575 9 380 33 23793 338 21 15363 22 862 73
1170873
62 787739 870 12 319500 1 370 39 663 85 3811 170413 16649 229 00 14187314
7711688
63 5704761
2418150
64 1702 615 20 464 00 11 25 1244 1 12691

65 492911 443 21 AccHealth 1016236 316444 AccHealth 7 076 79 918228 66 363 33 24888 87 117456 79900 10315671 38 738 42 1417594 10 580 52 3 816 80 985 28 1 541 87 972 22 133 00 12 580 62
1 940 20 2930 418393
66 110 334 95
1 452 57 4019099
67 24 338 30
1374496
68 3 730 50 212040 212040
69 4 552 62 2641 53 492 959 37 23291019 26716 88 3 246 18 103 973 54 3797227 739603 4 213 00 23 085 04 810550 21 988 08 1454277 96 553 44 58 986 57 15 862 68 3 830 49 126 680 00 68 563 93 1109697 1 213 53 90 975 19 21 075 80 5331 17 2 882 99 2687269 1094551 6964 92 2 931 03 1903 3 660 28 5714 6 538 30 4846 8 242 43 4846 15 876 39 912211 4965219 25 839 49 1 029 00 132 331 86 53 869 33
33 163 31 8 552 83 9 476 49 965 44 1823 87 153 63 113277637
T 1370 39 501 140 82
1
COMPARATIVE TABLES
GEORGIA BUSINESS
Miscellaneous Companies
S toZMISCELLANEOUS COMPANIESContinued
GEORGIA BUSINESS 1923
Accident Health Auto Liabilities other than Auto Workmens Compensation Fidelity Surety Plate Glass Burglary Credit Sprinkler Workmens Collective Steam Boiler Engine and Fly Wheel Auto Property Property Damage and Collision other than Auto Live Stock Physic Liabilities TOTALS
Damage and Collision Premiums Received Losses Paid
70 Southern Surety Co Premiums Losses Standard Accident Premiums Losses Losses Travelers IndemnityPremiums Losses Travelers Insurance Co Premiums Losses Losses United States CasualtyPremiums Losses United States Fidelity and Guaranty Premiums o Losses United States NationalPremiums Losses Zurich General Accident and LifePremiums Losses Premiums Losses 1 548 81 23710 4 522 00 21794 1 469 54 4900 1006517 566214 1764 269 50 500 00 8350 20 905 80 1 053 09 188 00 650 88 215007 335 66 818855 5 33216 33 024 73
1 072 66
71 5779214 1746025 271 93 2571 2 135 68 43415 11948678 8591514 1314 00 51281 13 818 79 401708 1715483 379371 Ace Health 129 52 24 816 65 1431588 7500 15 444 60 374799 117949 1 300 61 805 00 161 05 62116 1 02148 6500 1 22708 4381 250 12060475
4739092
72 3125 572 38 230874
2571
73 6500 616746 3 203 98 3074965 997552 281894 2681 96 16 383 07 48 26 963 63 18075 1 769 81 202010 10250871
513897 56220 14
74 2172607 13 080 66 354 21 279 56 1412069 8 357 30 1259019 8965 58 2246211 7 363 08 95 630 51 3738406 641782 1 599 85 32 933 37 18 589 09 59 576 28 1676372 28 347 98 10 066 90 1 053 47 15415 838477 347270 1767418 5 970 50 174 961 57 133 612 52 44015291
280 059 28
75 7 570 39 3 898 76 5766339 1 55867 120 85 24 315 70 1 250 00 1 962 40 291 22 2 955 61 1 384 87 14 064 39 4 978 89 1 249 76 333 33 2 1 13 7 34 15 31650 936 20 396 33 063 27 804 35 242 35 36942 31635 550 04 353 20 290 89 151 95 48 482 34
10696 18
76 3 428 89 3 021 47 8118 150273 35
43 363 87 146 224 73 97083 03 77478 26 400 29 451499 8745734
77 5101257 5 969 22 103 816 00 16 635 25 16735 402 25 483776 05
180 471 44
78 2246211
7363 08
79 5000 5 514 50 4 553 41 1 910 75 2 846 73 2531 63 613 24 534 12 2 3 112 59 403 61 858 64 1400247
10 943 68
213 652 48 11215885 96 49702 52 402 24 221218 57 8263812 59 050 75 20 469 25 40081916 286 200 95 52 924 24 6 590 07 149 689 91 1788525 2783767 1011506 64 240 67 10 762 07 16735 402 25 9 975 52 281894 268196 16 383 07 795 42 949 03 3 023 97 284410 3021 47 8118 141759616
681 700 43

I
Premiums Losses 592 34113 269 484 16 118714995 560 003 37 740 981 97 32011821 20926418 72 286 00 114494853 765053 68 36776619 13660571 47768100 81061 45 130 543 62 46 751 33 18470793 58 952 53 1615256 4 064 55 5 095 89 1108 78 97758 63 740 28 754311 3916981 22 755 82 363 33499 214881 9R 10 490 92 6 533 40 8 825 87 407218 989 79 1 200 00 554416119 YjSnTffsM

INDUSTRIAL AND ASSESSMENT
COMPANIES
Life Health and AccidentINDUSTRIAL LIFE HEALTH AND ACCIDENT INSURANCE COMPANIES
Financial Condition as of December 31 1923 and Business Transacted During the Year 1923
STOCK COMPANIES AND LOCATION
Atlanta Life Ins Co Atlanta Ga
Bankers Health and Life Insurance Co The Macon Ga
Guaranty Mutual Life and Health Ins Co Savannah Ga
Industrial Life and Health Ins Co Atlanta Ga
Pilgrim Health and Life Ins Co 1143 Gwinett 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
Admitted
Assets
Georgia Mutual Industrial Life and Health Insurance Co 827
Gwinett St Augusta Ga
Liberty Mutual Life and Health Ins Co Savannah Ga
Peoples Health and Life Ins Co The 455 Cotton Ave
Macon Ga
ASSESSMENT COMPANIES OF OTHER STATES
Guarantee Fund Life Association Omaha Neb
National Life Association Des Moines Iowa
495 342 82
237603 96
58 586 52
574 954 13
20722141
1073767
12 524 40
28 883 52
970492
8 514 50
699647797
231270189
Liabilities
including
Reserves but
excluding
Capital and
Surplus
36019872
llfi32704
2936576
203 600 04
12048014
9 664 64
5 239 00
2383160
795112
515084
Paidup
Capital
1 72402556
11165533
100 000 00
10010000
25 000 00
104 000 00
25 000 00
Surplus
3514410
21 17692
2 099 30
267354 09
61 741 27
1 073 03
4 285 40
5 051 92
1753 80
3 363 66
5 272 452 41
2 201 046 56
Paid for
Insurance issued
in 1923
1861687310
3 356 928 40
Total
Insurance
in Force
11 333590 00
1 463 041 49
3 421 862 25
INCOME
Premiums
Received
5669501 10
31141900
1 084 200 00
2710500000
16151 50000
100 580 50
161 873 500 00
80 060 500 00
942 396 62
750 235 62
210921 88
243846175
71311398
38 632 45
85 979 51
19219047
28 680 39
3615627
250047418
1 41888658
Total
Income
975 894 54
75911525
21528114
2 464 459 77
730 016 78
4012271
8766262
19678377
29 59724
36 868 29
2881 28307
154330787
DISBURSEMENTS
Paid to
Policyholders
Total
Disbursements
351 336 85 898 870 85
313 291 78
8491018
069 766 51
308 042 04
19 496 60
32 923 11
83 532 98
11 139 52
12 282 31
913 378 21
628 366 50
744 070 66
21084068
233981857
68642951
3939379
8766262
194 376 29
2782916
35 374 59
1 893 733 90
12372734
BUSINESS IN GEORGIA IN 1923
Insurance
in Force
Total Georgia Business
691924095
5 644 896 00
1 463 041 49
5 055 755 00
5669501 10
Insurance
Issued 1923
2475243454
311 41900
322 904 23
1 084 200 00
11238400
100 580 50
I 931 48773
198 000 00
162 500 00
360 500 00
2704442227
3 874 396 80
318261200
3 356 928 40
3 523 032 00
1 046 920 10
Claims
Paid
Losses
Incurred
24976104 25247929
1493388930
331 961 00
233 875 00
19251630
4271330
24 550 00
82561560
96 000 00
3 500 00
99 500 00
1590900490
31329178
8491018
541 823 50
297 286 09
1 48707259
19 496 60
3292311
83 532 98
1113952
12 282 31
15937452
2 000 00
2 000 00
1 64844711
31401128
8469618
541 484 62
299 831 43
1 492 502 80
Premiums
Received
5 41088312
750 235 62
21092188
117187470
69414903
238 064 35

1985385
32 825 43
82 959 98
11 111 52
12 293 81
159 044 59
2 000 00
2 000 00
1 65354739
38 632 45
8597951
19219047
28 680 39
3615627
38163909
2 923 44
285816
5781 60
625 485 04
Claims Paid
Death
Sick Ace
8770206
49 448 55
21 10755
93 840 00
83 001 39
33509955
2 923 07
712591
20 026 34
1 667 00
214506
3378738
2 000 00
2 000 00
370 886 93
16205898
263 843 23
63 546 63
44798350
214 284 70
1151 71704
1657353
2579720
63 506 64
9 572 52
1013725
12558714
Claims Incurred
Dr Ill
Sick Ace
88 202 06
50 312 55
21 88415
93401 17
84776 04
338 575 97
16427723
26369873
68701 99
448 083 65
21505539
115981696
311457
6 297 26
19 809 84
1 542 00
213406
3289773
2 000 00
2 000 00
127730418 37347370
16 848 28
2652817
6315014
9 669 52
1015975
126 255 86
1 286 072 85GEORGIA
ASSESSMENT FIRE COMPANIESASSESSMENT FIRE COMPANIES
Showing Business Transacted in the State of Georgia During the Year 1923
Name of Company and Location
American Liberty Fire Ins Co Cartersville Ga
Bartow County Mutual Fire and Storm Ins Co Adairsville Ga
Farmers Cooperative Fire Insurance Co Rome Ga
Farmers Mutual Ins Assn of Walker County LaFayette Ga
Farmers Mutual Fire Ins Co of Georgia Dawson Ga
Farmers Protective Fire Ins Co of Georgia Lithonia Ga
Free State Cooperative Fire Ins Co Danielsville Ga
Georgia Farmers Fire Ins Co Gainesville Ga
Gordon County Mutual Fire and Storm Ins Co Calhoun Ga
Home Mutual Fire Ins Co Atlanta Ga
Middle Georgia Farmers Mutual Fire Ins Co Griffin Ga
Planters Cooperative Fire Ins Assn Cuthbert Ga
Planters and Peoples Mutual Fire Ins Assn Statesboro Ga
Southern Cooperative Fire Ins Co Macon Ga
South Georgia Farmers Fire Ins Assn ThomasviHe Ga
TOTALS
Admitted
Assets
I 32715
143 52
916 75
386 24
M5922
i70161
292 77
1604 22
202 09
052 06
00000
582 79
113341
17330
445 00
Liabilities
1 500 00
1775 00
3 500 00
8 604 22
2 314 30
435 00
Surplu
132715
10 384 22
201 61
1 292 77
202 09
1 052 06
158279
81911
173 30
1000
Premiums
Received
10253
78
7941
11910
22 078
12 270
600
11 280
5670
4749
6278
1469
8312
965
2045
105 905 09
Total
Income
10 253 00
3 248 82
794131
12 561 04
2207815
13 000 84
81768
1769454
575758
474955
6 278 00
1 469 92
8 984 54
965 32
223703
118 03752
Total
Disbursements
9948
3355
10 474
12174
15847
13 361
202
9090
5864
4726
4278
1387
6943
913
1792
100 360 83
Losses
Paid
52914
2 976 27
9 306 75
11 30310
11 74225
824000
3 964 00
5 639 32
24321
4 278 00
925 00
601200
275 00
263 00
65 697 04
Losses
Incurred
52914
2 976 27
9 306 75
1280310
1351726
974469
3 664 00
567061
24321
4 278 00
925 00
661795
275 00
463 00
71 013 98FRATERNAL SOCIETIESFRATERNAL BENEFIT SOCIETIES
Financial Condition as of December 31 1923 and Business Transacted During the Year 1923
Society and Location
American Insurance Union Columbus Ohio
The Supreme Camp of The American Woodmen Denver Colo
Ihe American Workmen Insurance Co Washington D C
The Supreme Tribof BenHur Crawfordsville Ind
Catholic Knights of America 211 N 7th St St Louis Mo
Thf Columbian Circle 333 W North Ave Chicago 111
Columbian Mutual Life Assurance Society Memphis fenn
The Fraternal Aid Union Lawrence Kans
United Order of the Golden Cross Knoxville Tenn
Golden Seal Assurance Society Roxbury N Y
The Grand Fraternity 1626 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 Indian
apolis Ind
The Maccabees 5065 Woodward Ave Detroit Mich
Modern Brotherhood of America Mason City Iowa
Modern Woodmen of America Rock Island 111
Mosaic Templars of America 904 Broadway Little Rock Ark
National Fraternal Society of the Deaf 130 N Wells St
Chicago 111
National Union Assurance Society Toledo OhioZIZI
United States Grand Lodge of the Order B rith Abraham 266
268 Grand St New York City N Y
Modern Order of Praetorians Dallas Texas
Railway Mail Association Portsmouth N H
Royal Arcanum Supreme Council of 407 Shawmut Av
Boston Mass
Royal Neighbors of America Rock isiand 111
Security Benefit Association Topeka Kans
Travelers Protective Assn of America St Louis Mo
United American Mechanics of the U S Beneficiary De
gree of the National Council of the Jr Order PittsburghPa
The Order of United Commercial Travelers of America Col
umbus Ohio
Womans Benefit Association of the Maccabees Port Huron
Mich
Womens Catholic Order of Foresters Chicago IIIZ
Woodmens Circle Supreme Forest of Omaha Neb
Woodmen of the World Sovereign Camp 14th Farnam St
Omaha Neb
Workmens Circle The 175 E Broadway New York N7y
Admitted
Assets
2 136 564 94
1 246 160 26
321 272 64
4 489 310 64
1 14224611
67748633
2 762 054 46
6 423 670 35
11754089
1 020 332 87
700 289 59
203 008 33
18 338 430 81
16 679 05709
1904715060
6 668 297 48
38 656 809 19
65126111
531 955 34
485671097
170 285 36
440677820
199 268 93
14 934 264 53
1668022612
3 363 646 43
1 036 857 83
1 639 715 77
1 80320700
Matured
Liabilities
19556891 42
6 452 968 46
13651 37247
6117861426
2 656 986 47
5 27962341
4879655
490798
140 485 23
89 790 02
671 591 20
2 687 000 25
455077444
10960359
960 432 02
15861777
31 401 96
1317287330
1481127383
17785 40482
421 585 53
2 506 806 88
58 445 37
36572554
485671097
65 835 55
96 859 71
Actuarial Ratio of
Assets to Liabilities
6 845 50
50400417
43958372
822 106 48
19215241
78 561 57
294 620 23
410 951 94
14771852
13 210 570 51
295916766
11407805
10652
100 69
101 47
2 Classes Not
reported
101 09
1027
100 00
9706
106 00
7885
871
134 61
11100
2 Classes
2 Cla
3 Cla
104 82
8336
842
5597
8422
141 30
1040
851
8589
12871
10657
6015
Accident Benefits Only
2 Classes
9910
7295
158 69
100 00
Accident Benefits Only
102 87
Accident Benefits Only
104 44
100 88
102 89
102 04
11381
Surplus
Certificates
Issued Dur
ing Year
119736371
316 364 66
11 05245609
589513
75 054 21
59 900 85
17160637
1 261 745 78

3615000231
166 229 80
192 423 43
2 541 539 95
2953759709
1015250000
850 430 00
810314200
51750000
938 000 00
5 000 00
12 530 414 00
880 500 00
7 356 400 00
1 505 929 00
7 449 000 00
24 463 750 00
11 79325000
1504500000
4 067 270 00
14574900000
9 346 200 00
408 250 00
1 81716000
149 500 00
1322900000
7388 000 00
5 079 366 00
3 589 000 00
16 814 250 00
Total
Amount of
Certificates
in Force
1 51800752
1 52858756
58 219 446 60
1764050000
6707000000
1530585000
1 71075000
1059550000
416700
256570000
129 259 084 30
2716440000
376743000
67887951 00
1733067701
16 580 145 87
1 20068700
86 084 031 00
1218717500
1539731977
13 104 944 00
19 300 700 00
2491721963
11740865400
211 25627976
54 951 125 82
1 664 454 000 00
33 058 500 00
4 355 719 00
48 374 910 00
6 879 250 00
4722544700
69 092 000 00
194 145 768 00
419 679 000 00
345 458 391 00
INCOME
From
Members
22 942 00000
54781500000
185 474 999 55
58 678 958 50
13248210400
628 338 216 00
21 87770000
2 351 585 77
566 972 61
216 893 34
1626 686 19
31248329
756 060 05
879 520 84
3 392 144 28
41261775
248 404 12
283 044 28
531 090 19
2 697944 41
2 990 895 38
949915499
126737103
22 145 880 90
43578495
11258494
272379689
292 833 83
1 043 582 55
11356630
5827531 46
6 523 466 50
4 363 205 07
1 05991319
678 644 87
1 243 861 50
From all
Sources
DISBURSEMENTS
3 571 477 63
193218476
2 640 806 32
11915991 82
1 035 455 83
2 791 696 94
634 023 43
23118771
1 868 159 49
54022573
80819954
1 01604583
3 952 081 05
41772428
830 257 85
384451 1
545 784 67
4 475 473 47
4206531 40
1071278741
1 621 036 76
2714708149
46722661
14164742
290783258
30351445
1 466 084 03
123 491 33
648000517
727935851
4 502 266 08
1103521 12
763 985 71
1 615 988 66
To Members
4 521 782 33
231733278
3 325 428 43
15 540 272 30
1 255 507 74
1 495 839 63
18497916
45 650 18
964 788 83
452 057 65
506 008 49
36091203
2 051 288 91
37345101
14516510
21468775
258 300 00
156766702
212826019
5 552 493 89
866 772 16
19 853 534 05
361439 70
20 287 94
1 649 468 62
280 586 24
474 484 69
14679758
475442619
2 990 034 28
3 230 933 77
82494413
161 67647
916 79265
1 996 921 55
1 059 944 87
1 22265410
704873021
427 983 00
Total
Disbursements
2 351 385 95
416 578 50
152 400 09
1 369 404 45
501 350 40
73317072
670 006 18
2789415 71
429311 27
79231065
335 040 25
51617001
244741541
267499675
8 783 014 68
1 14854211
2298857610
492 544 03
48 356 83
195779595
314321 14
1 012 489 34
17380483
5 136 044 72
3829213 92
3 973 240 83
990 226 09
44791913
145898713
BUSINESS IN GEORGIA IN 1923
Certinca
in Foro
123123
Written in
1923
2 929 346 42
1 230 222 62
1747991 95
932616241
862 484 86
Georgia Totals
69 000 00
1 91820000
91569000
421 728 00
228 393 74
11 00000
1 200 687 00
1 130 884 00
21 75000
228 750 00
8601100
26950000
545300 Oil
3997801 00
1009791100
144 500 00
522550000
634 800 00
51 30000
722 698 00
II 50000
996Oio 00
1 800 000 on
3212 7Von
38000 00
5750000
2 000 00
612 950 00
15014000
86 250 00
3 000 00
5 000 00
125 400 00
39 000 00
529 0m
417500000
788 400 00
Hisii77 sm
25851 82400
7280000
595520774
845 500 00
11300000
91 50000
495 500 00
17 000 00
1 276 000 00
195 800 00
3 500 00
2 122 01
753 750 00
21600000
55 000 00
4 500 00
9 000 00
60750000
705 000 00
21650000
721 000 00
568 650 00
760000
t lllllLS
Paid
2 500 00
1977000
10 494 44
10 903 00
181941
Claims
Reported
5 410 00
31 12033
35 00
4 500 00
8 829 28
53 069 00
682 210 00
250 00
25 384 00
14 640 00
5810000
15 00000
377400
101 350 82
2 000 00
10 500 00
1613374
5 450 00
21 560 5
251 221 58
960 00
2 500 00
20 150 110
12424 67
10 500 00
1750000
5 650 00
30 641 76
Premiums
Received from
Members
35 00
4 500 00
10110000
53 829 00
1618744
ooi 32
30 000 00
14 575 00
4210000
10 000 00
3 867 00
34819500
9 500 00
850 000 00
5 500 00
792816200 135116567 177627907
21 22331
25304570
2 865 81
116085
41 50333
2781255
5 850 59
5 222 42
159 29
25 649 94
45 057 24
445 22
5 279 71
233 40
20 285 44
6 596 36
99 09768
2717646
2 250 65
6715295
828 30
488 52
29 095 60
2 990 90
104 487 07
830 00
1 05749
14 669 78
9731 00
9 902 35
6418307
511361 04
113055920
Fraternal Societies report under a called Solvency talated as above but which affords no indication of the legal solvency of the society under the law which stipulates that a fraternal society shall be held to be
te obligations Ifatoiol nr rJi jt Jf the1prfent va ue f Psed benefits and setting aside such sum as a reserve for payment of such benefits If the ratio b below lOOAr cent
These Societies have included reserve7r theiilabilities indication that present rates are adequate wth proper management to meet all certificate obligations
ession are equal to or in excess of its matured liabilities Th
in the future to enable payment in full of certifica
legally solvent so long as the funds in its poss
the probability is that rates must be increased1

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