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 ri I i