STORY OF TEN YEARS' GROWTH Bankers Life Insurance Co. OF THE CITY OF NEW YORK INSURANCE in force January 1st, 1895 $3,970,244.00 INSURANCE in force January 1st, 1905 23,606,311.00 INCREASE OF INSURANCE, 594 per cent. INCREASE OF ANNUAL INCOME, 1226 per cent. INCREASE OF ASSETS, 1104 per cent. Such results have no parallel.” “And yet, the growth of the Company has not been of a spasmodic character." Volume has not been attained at the expense of safety.” While this progress has caused surprise to others, it has been to us a source of pride and gratiscation.” May 10, 1893, Insurance in force $1,401,856.00 January 1, 1905, it has increased to 23,606,311.00 indicating a remarkable gain of $22,204,455.00 in practically eleven years. INVESTIGATE OUR POLICIES The Financial Position, New York Connections and Endorsements of this Company are second to no other C. H. BUNKER, President FRANKLIN H. HEAD, Vice-President A. A. SMITH, Secretary H. G. B. ALEXANDER, 2d Vice-Pres, and Gen. Mgr. Continental Casualty Co. CAPITAL STOCK, $300,000.00 GENERAL OFFICES 1208 Michigan Ave. Chicago I POLICIES PROTECTED BY OVER ONE OVER SIX MILLION DOLLARS PAID IN Good Contracts in good territory to good men. Producers, Address H. G. B. ALEXANDER; L Vice-President and General Manager, 1208 Michigan Ave., Chicago TABLE OF CONTENTS . PAGE. Assets, Policies and Claims of Life Companies .143-148 Attorneys and Counsellors, Insurance. .A179 Austria, Accident Insurance Companies in..., 127 Austria, Life Insurance Companies in.... 123 Bahama Islands, Life Insurance in.. Balkan States, Accident Insurance in. Balkan States, Life Insurance Companies. 123 Barbados, Life Insurance in.... Belgium, Accident Insurance Companies in.... 127 Belgium, Life Insurance Companies in Bolivia, Life Insurance in..... British and American Miscellaneous Compa- British Life Offices, Total Sums Insured and British Life Offices, Interest of. British Guiana, Life Insurance in. British Honduras, Life Insurance in. British Life Companies in Canada.. British Life and Annuity Business in 1903- Business of Canadian Life Companies...... 138-143 Business in 1904 of United States Life Com- panies, Financial Standing and.... .196-199 Miscellaneous Insurance 10.... Assets, Policies and Claims of Life Com- British and American Miscellaneous Com. United States Companies. .152-156, 159-161 Canadian Life Companies, Business and Stand. Canada, List of Life, Tire and Miscellaneous Insurance Companies Licensed to do Busi- Canadian Miscellaneous Companies.. 157-159 Canary Islands, Life Insurance in.. Cape Colony, Life Insurance in.... Casualty Insurance in Great Britain. Casualty and Miscellaneous Companies Ex- hibit of Premiums Received and Losses Casualty Insurance Business in 1903, Synopsis Casualty Underwriters Associations. Companies in the Hands of Receivers. Compendium of Life Insurance Reports....453-540 Costa Rica, Life Insurance in. Counsellors, Insurance Attorneys and.. A179 PAGE. Accident and Sick Benefit Companies, Assess- ment: Directory of 560 Statistics of 614 Statutory Requirements .90-107 Accident Insurance Companies of Austria 127 Balkan States 127 Belgium and Holland. 127 Canada .157-159 France 127 Germany 127 Great Britain 115 Italy 128 Russia 128 Scandinavia 128 Switzerland 128 United States, 178-184, 194, 330-336, 353-365, 390-439 Actuarial Societies of Great Britain. 116-118 Actuaries, List oi..... 451 Addenda 635 Additional Notes from the Statutes. 34-87 Alabama: Life Insurance in..... 366 Miscellaneous Insurance in. 390 Statutory Requirements .33, 90 Algeria, Life Insurance in.... 129 American Life Insurance Companies: Analysis of the Assets oi... 202 Business by States of.... 366-389 Directors and Trustees of.. 172-178 Dividends to Stockholders of... 209-211 Financial Standing and Business in 1904.196-199 History 223-327 In Canada 137.162 Industrial Insurance of.... 214-217 Insurance in Force.. 208 Interest Earned by, Rate of. 219 Io the Hands of Receivers. 165 Lapse, Terminations by... 222 Liabilities of 204 New Business of.. 205 Oficers of 223-327 Payments to Policyholders in 20 years of.. 212 Policies Issued and Terminated oi. 206 Retired 163 Statistics for Forty-six Years. 200-202 Statistics from Organization of.. 223-327 Surrender, Terminations by...... Synopsis for Thirty Years.. 218 American Miscellaneous Insurance Companies: Business by States of..... 390-439 Directors and Trustees of. 178-184 Dividends of .194-195 Field Men of. .184-192 Oficers of 330-352 Retired 165 Statistics of 330-352 In Canada 157-159 Analysis of the Assets of Life Companies. 203 Annuity Business in 1903-1904, Life In surance and 112 Arabia, Life Insurance in.. 129 Argentine, Life Insurance in. 129 Arizona: Life Insurance in... 367 Miscellaneous Insurance in. 391 Statutory Requirements ..34, 90 Arkansas: Life Insurance in...... 367 Miscellaneous Insurance in. 391 Statutory Requirements .35, 90 Ancient Order of United Workmen. 541 Assessment Companies: Directory of 544-565 Statistics of .566-626 Statutory Requirements 90-107 Assets of Life Companies, Analysis of the..... 202 .. 221 PAGE. Danish Life Insurance Companies.... 126 Delaware: Life Insurance in..... .40, 92 Deposits of Companies Doing Business in Canada 102 Directors and Trustees of United States Life Insurance Companies 172-178 Directors and Trustees of United States Mis cellaneous Insurance Companies.........178-184 Directory of Life and Miscellaneous Companies in Great Britain.... . 108-111 Directory of Assessment and Fraternal Or. ganizations 514-565 District of Columbia: Life Insurance in. 369 Miscellaneous Insurance in.. Statutory Requirements .41, 92 Dividends to Stockholders of Life Insurance Companies 213-211 Dividends of United States Casualty and Mis. cellaneous Insurance Companies.... .194-195 Dutch Life Insurance Companies. 123 Egypt, Life Insurance in.... 131 European Casualty Insurance Business in 1903, Synopsis of ..127-128 European Life Insurance in 1903, Synopsis. . 123-126 Expense Rate Per Cent of Mean Insurance in Force, The 230 Failed or Retired Life Companies of United 269 Fidelity and Surety Companies in the United States 336-341 Field Men of Miscellaneous Ins. Cos. .184-192 Financial Standing and Business in 1904 of United States Life Companies.... .196-199 Florida: Life Insurance in... 363 Miscellaneous Insurance in.. 396 Statutory Requirements .42, 92 Foreign Business of American Life Com panies 538 Foreign Companies, Statistics of. .108.128 Foreign countries, Insurance in. .129-135 Forty-six Years, Life Insurance for... 200-202 France, Accident Insurance Companies in.... 127 France, Life Insurance Companies in. 124 Fraternal Orders: Directory of 546 Statistics of .574-613 Statutory Requirements ..90-107 Funds of British Life Offices, Total Sums Insured and 121 PAGE. Illinois: Life Insurance in..... 371 Miscellaneous Insurance in. Statutory Requirements . 46, 93 India, Life Insurance in... 131 Indiana: Life Insurance in ..... 370 Miscellaneous Insurance in. 400 Statutory Requirements .47, 94 Indian Territory: Life Insurance in 371 Miscellaneous Insurance in.. 403 Industrial Insurance in Great Britain. 114 Industrial Insurance in the United States..214-217 Insurance Agents, List oi.... A-3 Insurance in Canada .137.162 Insurance in Force of \'. S. Lise Companies.. 203 Insurance Officials, Canadian 136 Insurance Officials, l'nited States. 136 Insurance in Foreign Countries. ..129-135 Interest Earned on Mean Invested Funds, Rate of 219 Interest of British Life Offices. 120 Investment Insurance Companies in U. S..... 341 Iowa: Life Insurance in ...... 372 Miscellaneous Insurance in.. 402 Statutory Requirements 48, 95 Issued and Terminated Policies. . 206-207 Italian Accident Insurance Companies... 128 Italian Life Insurance Companies.. 125 Jamaica, Life Insurance in. 132 Japan, Life Insurance in... 132 Java, Life Insurance in... 132 Kansas: Life Insurance in........ 373 Miscellaneous Insurance in... 404 Statutory Requirements. .49, 95 Kentucky: Life Insurance in... 372 Miscellaneous Insurance in. 405 Statutory Requirements .50, 95 Korea, Life Insurance in.... 122 Lapses to Mean Number of Policies. Lapse, Termination by..... Legislatures, State and Territorial. 136 Liability Companies in the U. S... 341-342 Liability Decisions 444-450 Liabilities of Life Insurance Companies, The. 204 Life and Miscellaneous Companies in Great Britain, Directory of . 108-111 Life Insurance and Annuity Business in 1903-1904: Austria 123 Balkan States 123 Belgium 123 Denmark France 124 Germany 124 Great Britain 112 Holland 123 Italy 124 Norway 123 Russia 126 Scandinavia 125 Spain 126 Sweden 126 Switzerland 126 United States .196-199 Life Insurance by States 366-389 Life Insurance Business in 1903, Synopsis of European .123-126 Life Insurance Compendium 453-540 Admitted Assets 462-465 Admitted Surplus 484 Aggregates 529 All Other Assets 478 All Other Policies 523 Bonds Owned 469 Business of 1904 460-463 Cash on Hand..... 475 Collateral Loans 472 Combined Aggregates, 530 Deferred and Unpaid Premiums. Endowment Policies 521 Expenses of Management 498 Foreign Companies 633 Foreign countries, Business in. 538 Gross Assets and Surplus 489 Income Saved 502 Increase in Aggregates 532 126 .... 127 Gain and Loss Exhibit, 1904........ 440-443 Insurance Companies in the United .....184-192 Georgia: Life Insurance in 369 Miscellaneous Insurance in...... 398 Statutory Requirements .43, 93 German Accident Insurance Companies.. German Life Insurance Companies.. 125 Gibraltar, Life Insurance in. 131 Great Britain: Actuarial Societies of... 116-118 Casualty Insurance in 115 Directory of Life and Miscellaneous Com. panies in .108-111 Foreign Companies in.. 113 Industrial Insurance in.. 114 Life Insurance and Annuity Business in, 1903-1904 112 New Assurance Associations of. 119 Guadeloupe, Life Insurance in.. 131 Guatemala, Life Insurance in.. 131 .131, 370 398 476 131 123 Hawaii, Life Insurance in.. Miscellaneous Insurance in. Statutory Requirements Life Insurance in.. 370 398 .45, 93 373 PAGE, Life Insurance Compendium-Continued. Increase in Assets, Liabilities and Surplus. 487 501 Increase in Income 495 Icsurance Gained 516 Insurance in Force 518 Insurance Terminated 508-511 Interest and Other Income 492 Invested Assets 479 List of Companies 456-459 Mortgage Loans 467 Net or Ledger Assets 512 New Business Issued 504-507 New Business Placed 515 Notes 453-455 Ordinary and Special Surplus. 485 Payments to Policyholders 496 Premium Income 490 Premium Votes and Loans to Policyholders 473 Premium Receipts Since Organization.. 539 Rate of Interest and Profits Earned. 526 Rate of Interest Realized 524 Real Estate 466 Results from Organization .534-537 Stocks Owned 470 Surplus Earned 513 Total Disbursements 499 Total Income 493 Total Liabilities, 1903 482 Total Liabilities, 1904 481 Whole Life Policies 520 Life Insurance History 223-327 Life Insurance Payments by States, Summary of 193 Life Caderwriters Associations ..166-170 Lire Stock Companies in the United States.... 342 Live Stock Companies, Assessment: Directory of 564 Louisiana: Life Insurance in 406 Statutory Requirements .51, 96 Maine: Life Insurance in 373 Miscellaneous Insurance in 406 Statutory Requirements .53, 97 Managers of British Insurance Companies..108-111 Manaqua, Life Insurance in 132 Maryland: Life Insurance in 374 Miscellaneous Insurance in 408 Statutory Requirements .54, 97 Massachusetts: Life Insurance in 375 Miscellaneous Insurance in 409 Statutory Requirements ..55, 97 Mean Invested Funds, Rate of Int. Earned on. 219 Verico, Life Insurance in ... 132 Michigan: 374 Life Insurance in 411 Statutory Requirements .58, 98 Minnesota: Life Insurance in 375 Miscellaneous Insurance in 411 Statutory Requirements .59, 98 Miscellaneous Companies in Canada... 157-161 Miscellaneous Companies in Great Britain, Directory of Life and . 108-111 Miscellaneous Cos., Statistics of Canadian..157-159 Miscellaneous Insurance Companies in the United States .330-352, 390-439 Miscellaneous Insurance Companies: Business by States of 390-439 Directors and Trustees of 178-184 Field Men 184-192 Officers of 330-352 Statistics of 330-352 Stocks and Dividends of 194-195 Miscellaneous Insurance Companies Licensed in Canada, List of Life and. 162 Miscellaneous' Insurance Premiums and Losses for Eleven Years, 1894-1904 328 Mississippi: Life Insurance in 376 Miscellaneous Insurance in 413 Statutory Requirements .61, 98 Life Insurance in 377 Miscellaneous Insurance in 413 Statutory Requirements .62, 99 PAGE. 376 Miscellaneous Insurance in 414 Statutory Requirements .63, 99 Morocco, Life Insurance in 132 Mortgage Guarantee Companies in the United States 342 Mozambique, Life Insurance in. 132 Mutual Hail Insurance Companies in the United States .349-350 Mutual Live Stock Companies in the United States 351 Mutual Liability Cos. in the United States... 350 Mutual Miscellaneous Companies in the United States .349 350 Mutual Plate Glass Companies in the United States 351 Mutual Steam Boiler Insurance Companies in the United States 352 Natal, Life Insurance in 132 Nebraska: Life Insurance in 377 Miscellaneous Insurance in 415 Statutory Requirements ..64, 99 Nevada : Life Insurance in 378 Miscellaneous Insurance in 417 Statutory Requirements ..64, 100 378 Miscellaneous Insurance in 416 Statutory Requirements .65, 100 New Jersey: Life Insurance in 379 Miscellaneous Insurance in 418 Statutory Requirements .66, 100 New Mexico: Life Insurance in 378 Miscellaneous Insurance in 419 Statutory Requirements .67, 101 New Organizations 630 New York: Life Insurance in 378 Miscellaneous Insurance in 421 Statutory Requirements ..68, 101 North Carolina: Life Insurance in 380 Miscellaneous Insurance in 421 Statutory Requirements .71, 101 North Dakota: Life Insurance in 381 Miscellaneous Insurance in. .423, 636 Statutory Requirements .72, 101 Norwegian Life Insurance Companies. 126 Notes from the Statutes, Additional.. 34-87 Officers of Life Ins. Cos. in the U. S. .223-327 Officers of Miscellaneous Insurance Companies in the United States. .330-352 Official Changes 627 Officials Having Authority in Insurance Mat. ters, State 136 Ohio: Life Insurance in...... 381 Miscellaneous Insurance in. 422 Statutory Requirements ..73, 102 Oklahoma Territory: Life Insurance in. 380 Miscellaneous Insurance in.. 424 Statutory Requirements 74, 102 Oregon: Life Insurance in...... 381 Miscellaneous Insurance in... 425 Statutory Requirements .75, 103 Payments to Life Policyholders in Twenty Years, Synopsis of... 212 Paraguay, Insurance in.. 133 Pennsylvania: Life Insurance in. 382 Miscellaneous Insurance in. 424 Statutory Requirements .76, 103 Pernambuco, Life Insurance in.. 133 Persia, Life Insurance in.... 133 Peru, Life Insurance in. 133 Philippine Islands, Life Insurance in. 133 Plate Glass Cos. in the United States. 343-344 Policies Issued and Terminated.......... .206: Porto Rico, Life Insurance in..... Missouri: 133 ......... 328 7 PAGE. Portugal, Life Insurance in....... Premiums and Losses for Eleven Years, 1894 1904, Miscellaneous Insurance... Rate of Interest Earned on Mean Invested Funds ... ........ 219 Receivers, Companies in the Hands of........ Record of the Year ............................. Retired American Life Insurance Companies.. Retired American Miscellaneous Ins. Cos..... Retired Companies in 1904 ... Rhode Island: Life Insurance in..... 83 Miscellaneous Insurance in..... Statutory Requirements ..................77, 103 Russia, Accident Insurance Companies in..... 128 Russia, Life Insurance Companies in.......... 427 29 134 A 30 136 Se Securitü mutual.' Nebraska .......... 108-128 PAGE Manhattan 26 Maryland ......... 26 Massachusetts Mutual . 26 30 rity Mutual, New York..... Wisconsin Life ..... .33-10 Steam Boiler Ins. Cos, in the United States.. 34 Stipulated Premium Companies: Statistics of ......... ...........542-54 Statutory Requirements ...... ......90-10 Stockholders of Life Ins. Cos., Dividends to.209-21 Stock Miscl. Cos. in the United States......330-3€ Stocks and Dividends, Casualty and Miscel. laneous Insurance ........................194-19 Summary of Life Insurance by States......... 38 Summary of Life Insurance Payments by States ... Summary of Miscl. Insurance by States.... Surrenders to Mean Number of Policies.. Surrender, Terminations by............... Swedish Life Insurance Companies.. Suva, Fiji Islands, Life Insurance in.... Swiss Accident Insurance Companies. Swiss Life Insurance Companies .... Sums Insured and Funds of British Life Offices, Total ................ Synopsis of Life Insurance for Thirty Years. Synopsis of Payments to Life Policyholders in Twenty Years ............ K Syria, Life Insurance in........ 31 .: .....200-202 31 San Salvador, Life Insurance in................ ... 134 St. Helena, Life Insurance in.......... 134 St. Thomas, Life Insurance in.......... ..... 134 South Carolina: Life Insurance in...... Statutory Requirements 383 Miscellaneous Insurance in........ 428 Statutory Requirements ........... ...79, 104 Spanish Life Insurance Companies.... 126 I Years ... Companies from Organization..........223-327 Ætna Life .......... 224 American Central 226 American Life ... 226 American National 226 Baltimore Life .. 226 Bankers, New York... 228 228 232 Central of Iowa.. 999 Central Union Chicago Life. 232 Citizens Life ... 232 Colonial Life Columbia Life ... 234 Columbian National Life Connecticut General 234 Connecticut Mutual ... Conservative Life .. 238 Contentnea Life ... 238 Continental Life .... 240 244 Federal, Illinois. ... 244 246 256 Immediate Benef 256 Inter-State of Indiana..... 258 Tahita, Life Insurance in................ Life Insurance in ..... Statutory Requirements ...... Life Insurance in ................ |