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FINANCIAL STANDING AND BUSINESS IN 1903 OF LIFE COMPANIES IN THE UNITED STATES. The following tabulation shows the aggregate of life insurance business transacted in the United States for 1903, and the financial condition

of the companies as of January 1, 1904. The figures are compiled from the sworn reports of the regular life insurance companies, made to the various insurance departments, and are issued in advance of any State Department report:

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274 FINANCIAL STANDING AND BUSINESS OF UNITED STATES LIFE COMPANIES.

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$

$ 225,765.843

12,002,866
7,571,955 1,464,688
2,155.425

734,200
11,594,847 2,624,500
22,245,145

-653,186
6,911,500 1,677,000
60,766,778 2,318,349
5,861,650 662,138
4,363,786

Ι,ΙΙΟ,232
194,000 194,000
c 6,754,200 6 5,474,450
6 2,630,959 6 2,015,643
23,526,066

2,781,941
166,504,486 646,261
; 21,743,690 | 10,569, 143

18,080,654 2,938,548
1,409,918,742 117,472,147
21,148,031 2,626,968
4.590,208

326,595
i 100,340,547 j 10,242,975

26,387,192 2,284,398 398,531,468 36,425,332

1,216,042 99,373

j 344,500 j 344.500 c73,286,547 c 1,538,152

6 2,873,146 6 675,804 i 69,410,582 ; 6,097,438 36,526,136 6,382,160 7.760,335 2,459,783 2,033,297 391,197 2.155,100

669,850 1,769,000

139,000

[graphic]

Columbian National, Boston, Mass. Connecticut General, Hartford, Conn... Connecticut Mutual, Hartford, Conn.. Conservative Life, Los Angeles, Cal.. Des Moines Life, Des Moines, Ia.. Equitable, New York, N. Y. Equitable of Iowa, Des Moines, Ia. Federal Life, Chicago, Ill.. Fidelity Mutual, Philadelphia, Pa.. Franklin Life, Springfield, m... Germania, New York, N. Y. German Mutual, St. Louis, Mo... Guaranty Mutual, Davenport, la Hartford Lite, Hartford, Conn. Home of New York, N, Y...... Illinois Life, Chicago, Ill, Inter-State of Indiana, Indianapolis. Inter-State of Ohio, Cincinnati.. Kansas City Life, Kansas City, Mo. Liberal Life, Anderson, Ind.

[blocks in formation]

454,080
223.3441

145,172
6,646,751

233,981
61,994,8441

506,588
1,198,805
2,924,862
3,214,604

401,821,662

5.707.312
4,694,796
28,360,3501
35,784,011

[blocks in formation]

352,652 048 047,105,047
178,200,625 P 5,614,764

5.199,634 366,466
d 6,385,413

d 836,901 60,785,960 € 7,057,489

73,382, 1741
26,155,650
1,094,395

1,767,054
11,848,667

34,604,247
15,106,2191

890,112

690,142
5,415,565

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Mutual of New York, New York, N. Y.
Mutual Reserve, New York, N. Y.
National of U. S. of A., Chicago, Ill.
National of Vermont, Montpelier, Vt..
New England, Boston, Mass.
New York Life, New York, N. Y.
Northwestern Mutual, Milwaukee, Wis.
Northwestern National, Minneapolis.
Pacific Mutual, San Francisco, Cal..
Penn Mutual, Philadelphia, Pa......
Phænix Mutual, Hartford, Conn.
Pittsburgh L. and 1,, Pittsburg, Pa.
Presbyterian Ministers, Philadelphia, Pa.
Provident Life and Trust, Philadelphia, Pa..
Provident Savings, New York, N. Y.
Register L. and A., Davenport, Ia...
Reliance Life, Pittsburg, Pa...
Reserve Loan, Indianapolis, Ind..
Royal Union, Des Moines, la..
Security L. and A., Greensboro, N. C..
Security L. and A., Philadelphia, Pa.
Security Mutual of Nebraska, Lincoln.
Security Mutual of New York, Binghamton.
Security T. and L., New York, N. Y.
South Atlantic, Richmond, Va.

17,011, 162

643,484
1,804,154
51,151,562
7,011,225

715.704
340,133

438,947
6,635,620

732,085)

2,969,606

152,097

232,538
6,453.9551
3,646,221

3.782,876

543,305

302,781
8,757,107
4, 205,082

1,716,470

28.703

82.230
4,585,152
1,765,090

28,422 4.908,000 4,698,000 4,698,000 2,823,5271

13,471,674 72,041.9871 5,122,682 284,739| 838,184

8,276,2941

129,481 4.823.004 21, 192,390 169,668,456 10,964,654

863.509
40,409

2,008,965 456.300
1,280,711 7,014,086 42,804,923 264.674
607,845 3.083.771 15,874.348

1,685,113
210,814
3,405,116

6,921,562 2,144,141
11,926,788
42,795,613 333,674,876

22,854,814
92,163 2,981,166 2,699,679 2,699,679
48,807,616 , 215,102,648 1,445,228,681 ; 104,480,022
4,663,637 % 14.501,801 | 119.596,827 ;--8,363.361
1,159,873 27,888.779 40,034,584 15,588,659
3,389,017 17,829,694) 125,692,778 7,391,080
4,813,803) 19.048,616

145.379,872 10,123,236
52,883.459 i 329,875,034 ; 1,745,212,899 1191,584,873
21,036,545 ; 80,355,422 662,851,194 i 42, 169,911
1,559,955 14.907,262

39,655,365 2,954,797
1.383,458 16,719,704 48,673,410 7,830,937
8,169,589 56,560,887 308,786,092 32,676,077
2,515,811 C10,999,274 76,663,067 5.798,475
274,151 6 6,643,007 6,004,257 6,004,257
124,021
1,424,050

8,203,953 1,091,744
5,980,637

18,287,993 159,548,435 8,399,200
3,353,668

27,951,787 105,138,035 6,978,402
66,065 885,663 .3.340,530 550,267
113,844 1,314,650 1 1,314,650 % 1,314,650
139,695 1,986,500

5,439,650 1,358,450
3,393,879 12,783,263 2,031,684
62,001 895.900

2,040,900 563,900
66,567

3,207,250 4,163,250 3,207,250

1,546,576 2,901,376 1,055,426
1,070 000 j 10,676,212 1. 42,386,784 6,049.918
856,811 ; 3,511,601 1 17,154,338 362,537
85,171
1,176,812 3,191,162

582,562
6,524
246,180

243,180
43,093 1,966,500 1,773,250 1,773,250
1,093,533 16,990,916 49,713.796 10,172,108
3,103,883 13,087,577 100,902,3991 5,935,729
13,009
42,700
139,400

34,200
3,296,458 ; 17,077,675 | 132,761,412 19,600,591

FINANCIAL STANDING AND BUSINESS OF UNITED STATES LIFE COMPANIES. 275

[blocks in formation]

303,268

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58,077

6,604
413.759
417,2151

10,235

284,339

108,235)

202,723 143,285

13,947
1,988,870 591,714
2,323.726 548,212

196,861
217,426

216,428
179,965 160,557
2,205,636 390,577
23,249,248 2,185,078

148,351 I20,918
d 40,105,849|d m 5,229,316

Southern Loan and Trust, Greensboro, N. C...
Southwestern Life, Dallas, Tex....
State Life, Indianapolis, Ind....
State Mutual, Worcester, Mass..
Texas Life, Waco, Tex....
T'ravelers, Hartford, Conn...

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FINANCIAL STANDING AND BUSINESS IN 1903 OF LIFE COMPANIES IN THE UNITED STATES.-Continued.

[blocks in formation]

3,434,208

69,106

86,344

168,4401

9.591,329 657,444,640

$ $ $ $ $

$
$

$
Union Central, Cincinnati, O.

38,630,328 6,014,433 6,667,073 8,804.971 2,701,236 4,314,207 28,790,690 197,040,899 14,494,594
Union Mutual, Portland, Me.

10,196,359 563,566 1,978,2891 2,386,627 960,6831 1,693,804 28,431,939 i 57,385,198 % 3,266,572 United States, New York, N. Y.. 8,783,134 575,1631 1,411,486 1.905.7131

1,108,981) 1,757.399 7.350,594 44,143,344 -1,530,369 Volunteer State Life, Chattanooga, Tenn.

242,918 240,681 12,175 62,175 22,867 541,000

541,000 541,000 Washington, New York, N. Y. 16,963.886 639,160 2,789,089 3,676,256 2,314,049

16,766,364 65,468,8691

4,437,982
Wisconsin Life, Madison..

143,338
10,690 80,606
87,709 20,049

1,143,225 2,385,947 785,225 Industrial Companies.

c601,542

C313,258

C 1,139,292
Baltimore Life, Baltimore, Md...

755,099 241,030

626,8441 596,472

508,566 223,074 6. 4.969,151 67.770,477

6 636,717

c] 1,402,877 C] 2,517.715 cj 502,577 Colonial, Jersey City, N. J. 378,455 159,355 364,588 512,8431 89,414 455,404

6 7,122,800

68,028,103 6 1,878,693
Equitable Industrial, Washington, D. C.

124.953) 118,578

95,425 99.343 24,401

1,694.914 2,719,699 394,216 Home of Delaware, Wilmington, Del....

142,672
45,398 51,453 14,954 36,034 1,400,000 1,733,363

284,400
C 103,298,426 C 15,235,004

C 23.531,293
John Hancock, Boston, Mass..
{ 27,133,6411 3,012,003 12,389,5291 13,572,7341 4,764,252

6 216,375,960 6 16,081,264

C 2,178,278 C5,213,948
Life Insurance Co. of Virginia, Richmond, Va

1,101,432
1,565,414 329,8731

486,863 1,509,4631 1,569,5291

1,334,344 6 11,906,867

6 34,503.483

c82,527,262 Metropolitan, New York, N. Y.

© 282,505.630 C 45,015.509 105,656,312

45.656,961 10,691,873 49,887,804 14,178,731 31,779,894

6 297,968,863 6 1,059,875,827 b 78,199.523 Mutual of Baltimore, Baltimore, Md.

328,444 41,743

188,158 203,054 86,440 168,420

1,815,548 3.734,553 425.773 Prudential, Newark, N. J.,

(j 102,822,648 cj 317,322,903; 65.759.329 72,394,760 10,193,3981 36,028,402

39,025, 128 11,544,899

6 613,935,910 63.471,645

Cj 3,492,250
Western and Southern, Cincinnati, O.

700.750
1,074,654
112,239

296,711
1,113,699 1,139,327

6 14,161,533 ó 22, 223,035 62,579,555

1,739,073,868 - 9,598,101,052 C 878.887,259
Aggregates year ending December 31, 1903... 2,276,299.337 294,934,625 447.511,910 552,096,868 225,802,567 360,256 115| 6'596,634,096 01.976,404.515 191,240,443
Increase during 1903.

c 143,164, 801
176,160,864 -707,729 40,151,447 47,666,707 26,065,280

1,595,909,067 c 8.719,213,793c 921,811,625 Aggregates year ending December 31, 1902.. 2,100,138,473 295,632,354 407.360,463 504.430,161 199,737,287 320,858,0167670,309,062 6 1,805, 164,072 164,064,651

(1.378,777.515 7,797,402,168 & 703,831,469 Aggregates year ending December 31, 1901... 1,912, 360,275 277,219,971 359,910,662 451,376,999 187,453,987 296,518,898) 8598,592,825 5 1,641,099,4216 169,811,292

1,275.315,638 (7,093,570,699 595,753,494 Aggregates year erding December 31, 1900.... 1,748,700,859 254,873,524 324,698,890 401,050,935 168,667,039 267,230,331 6566,037,948 6 1,468,956, 366, 174, 169,808

|C1,172,013,821 6,497,209,4054 798,831,520 Aggregates year ending December 31, 1899.... { 1,600,704.913 232,551,368 292,217.329 365.918,265 160,203,555 250,550,760) 3 520,817,223 61,293,633,616" 183.560, 107 & Industrial business. c Ordinary business. d Including accident branch. m At 8% per cent.

Including $3,788,651 accumulation on special forms of policies. At 8 per cent. j Paid for business only. surplus accumulations on tontine and semi-contine contracts, included with liabilities, o Including $82, 214,731 surplus reserved funds for dividends : $8,850,193 reserve above State standards, and $8,031,128 for all other contingencies. $25,897,879

The minus sign (-) indicates a decrease in insurance in force.

276 FINANCIAL STANDING AND BUSINESS OF UNITED STATES LIFE COMPANIES.

4,199,668

26,649, 124% 190,386,294

968,608 €12,944.500

39,398,099 0-13,674,966

ANALYSIS OF THE ASSETS OF LIFE INSURANCE COMPANIES. The following is a summary, analysis and classification of the various items comprising the admitted assets of life insurance companies reporting to the Insurance Department of New York State for thirty years ending January 1, 1904 :

NUMBER OF COMPANIES.

Year.

Real
Estate.

Bonds and
Mortgages.

U.S. Stocks

and
Securities.

Other Stocks
and Bonds.

Collateral

Loans.

Premium
Notes and

Loans.

Cosh in
Office and
in Bank.

Deferred
and Unpaid
Premiums.

All Other
Assets.

Total
Admitted
Assets.

1874 $18,344,944 $210,111,319 $21,786,486 $43,477,392 $5,947,628 $54,819,923 $13,876,976 $10,857.510 $8,059.720 $387,281,897 1875 22,638,380 219.705.750 23,094.714 50,835,116 5,810,666 49,115,257 14,574,268

8,723,523 8,645,308

403,142,982
1876 29,203,942 217,880,263 30,421, 142 55,284,762 6,181,891 41,394,358 12,605,928 5,566,339 8,867,707 407,406,333
1877 31,637.322 201,149,705 38,428,613

62,361,577 6,248,525

32,886,287 9,814,261 4,646,676 9,247,625 396,420.591
1878

42,803,658 189,127,804 41,901,008 70,913.489 4,911,306 29,095,755 12,478, 128 4,170,134 8,677,863 404,079,145
1879
49,172,260
173.788,393 42,560,074 73.711,051 12,620,545 24,632,710 13,858,928 4,080,601

7,293,113 401,718,685 1880 51,600,990 164,841,478 38,082,907 86,732,560 24,556,371 22,847,568 18,850,243

4,283,186

6.327,524 418,119,163
1881

51,095,636 160,150,738 29,418,789 99,800,342 40,944,623 21,030,449 17,148,050 4.444,137 5,498,548 429,531,313
1882 51,367,157 172,695,513 15.730,391 108,317,854 54,956,690 20,056,509 16,222,514 5,129,877 5.518,110 449,994,616
1883 51,658,281 187,650,233 13,917,536 123,665,167 48,071,315 19,554,249 16,184,916 5,820,370 5,847,032 472,369,099
1884 54.595,857 205,653, 148 12,574,649 139.576,454 29,323,177 19,082,071 18,994,772 6,279,445 6,162,024 492,240,597
1885
57,984, 316 212,880,527 15,716,287 166,927,973 16,956,741 18,694,821 22,419,197

7,078,450 6,048,124 524,705,494
1886 59,913,814 227,504,348 13,933,174 183,763.588

22,299,671

18,380,049 21,825,332 7,687,617 6,243,486 561,551,080
1887 63.420,525 244,867,218 12,402,594 195.428,857 25,540,962

18,060,548 22,687,046 8.730,234 6,508,862 597,646,847
1888 67.781,150 255,485,469 11,599,312 218,374,996 25,924,061 18,340,628 30,259.566 10,129,241 6,726,520 643,622,033
1889
74,738.636 275,702, 165 9,415,068 240,298,140 30,455,902 19,029,044

30,644,776 11,778,911

6,805,374

700,868,016 1890 80,018,574 301,949,520

6,448,959 263,499,050 35,508,462 19.316,757 31,837,383 13,069,866 6,665.084 758,313,654 1891 84,861,300 325,797,319 4,783,494 293 712,910 40,344,114 20,125,492

35,196,282

14,486,911 7.315,924 826,623,746
1892 95.354,245 342,303,532 4,373,115 338,616,904 37,322,513 21,105,284 39,486,698 17,232,234 7.940,012 903,734.537
1893 104,024,367 365,061,511 4,746,400 362,708,050 33,605,080 26,308,441 44,344,207 21,272,379 9.786,687 971,857,224
1894 | 115,556,793 384,541,200 15.378,336 402,510,709 30,531,549 29,474,627 47,146,172 20,880,423 10,311,874 1,056,331,683
1895 123.336,168 402,301,939

16,221,442
456,968,091 29,235,145 33.951,929 46,730,953 21,275,149

12,399,111 1,142,419,927
1896 134,056,013 432,804,324 21,409.773 475,279,081 38,851,538 43,016,972

45,421,280 23,669,630 13.815,730 1,228,324,342
1897 137,442,861 446,730,545 14,618,738 541,883, 174 44,287,550 51, 102,804 60,832,823 23,526,763 13,626,087 1,334,051,342
1898 143,825,440 449,533,058 12,813,195 637,256,001 43,188,0561 56,552,385 68,375,262 25,671,033 13,903,882 1,451,116,914
1899 151,838,650 461,547,993
9.351,202 724,880,573 49,921,949

69.221,457 66,384,175 28,360,349 14,828,325 1,576,334,673
1900 156,118,291 494,078,324
6,890,249 790,394,003 63,770,839

86,709,010 74,691,963 32,179,517 18,905.527 1,723.737.723
1901 | 162,517,058 522,388,811

5,180,295 882,899,227 64,940,715 101,907,537 86,985,879 33,536,721 19,268,321 1,879,624,564
1902 165,993,425 562,590,998 3,671,091 994,085,875 60,509, 188 124,119,550 94,120,944 36,993,839 20,345,894 2,062,430, 804
1903 172,502,479 610,023,103 2,585,580 1,052,421,573 66,012,028 152,598,028 106,909,393

40,697,626

22,673,393 2,226,423,202

50.
45
38.
34
34..

32.
31.
31.
31.
30..

30..
30...
30...
30...
30..

31.
31..
31
31.
32.

33
35.
36. .
35.
36.

37.
40.
38.
39..
42

Increase in 30 years..

$157,507,188 $420,233.304* – 19.362,098| $1017719245 | $58,848.666 $94.969,165 $92,840,014 $28,010,596 $15,516,438 $1,866,282,518

-Decrcase.

STATISTICS OF LIFE INSURANCE FOR FORTY-FIVE YEARS. The following tables show the financial condition and amount of business transacted by life insurance companies reporting to the New York Insuance Department from 1859 to 1903, inclusive :

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[blocks in formation]

14 17 17 18 22. 27 30. 39. 43 55 70. 71 68. 59 56. 50. 45. 38. 34. 34. 32. 31 31 31 30. 30. 30. 30. 30. 30. 31. 31. 31

1859 1860 1861 1862 1863 1864 1865 1866 1867 1868 1869 1870 1871 1872 1873 1874 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891

$1,575,000 $20,636,085
2,121,200 24,115,687
2,118,000 26,670,397
2,310,000 33.383,719
2,653,500 37,838,190
3,134,200 49,027,297
3,498,200 64,232,130
4,790,600

91,062,152
5,577,600

125,548,951
8,387,768 175,262,330
9,876,364 229,097,425
10,519,484 269,520,441
10,898,359 302,558,199
9,667,416 335,168,543
9,313,456 360,140,684
7,227,000 387,281,897
5,746,700 403,142,982
5,176,500 407,406,333
4,866,500 396,420,591
4,950,500 404,079,145
5,262,900 411,555,247
4,050,500 418,119,163
3,150,500 429,788,508
3,637,087

449,994,616
4,396,500

472,369,099
4 405,500 492,240,597
4,440,000 524,705,494
4,440,000 561,551,080
4,787,800 597,646,847
4.767,800

643,622,033
5.527,100

700,868,017 5,936,750 258,313.654 7,157.700

826,623,746

$15,464,936

$5,071,149
17,159,873 6,955,814
18,278,402 8,391,995
24,010, 863 9.378,856
28,655,154 9,173,036
34,718,231

14,309.066
49,304,829 14.927.301
65,270,583 25.791,569
88,597,422 36.951,529
135,806,958 39,455,372
180,932,859 48,164,566
221,160,702 48,359,739
254,551,781 48,006,418
288,327,107 46,841,436
311,550,928 48,589,756
328,392,552

58,889,345
342,330,953

60,812,029
346,279,780 61,126,553
334,816,493 61,604,098
339,585,627 64,493.518
341,857,542 69,697,705
346,472,555

71,646,608
357,153,509 72,634,999
373,050,680

76,943,936
391,895,733 80,473.366
410,099,879 82,140,718
431,550,945 93,154,549
459,763.315 101,787,765
*524,733,876 *72,912,971
564,488,564 79,133.469
613,051,245 87,816,772
668,228,379

90,085,275 728,535,726 98,088,020

$3,970,125 4,770,346 4,913,391 5,751,058 8,503,969 13,181,974 21,540,045 35,921,814 50,342,045 67,767,863 85,995,363 90,215,300 96,615,820 96,520,575 95,815,349 89,223,702 83,393,656 71,712,290 62,672,063 56,771,541 52,096,253 51,953,594 54,454,141 59,413,683 65,959,615 71,836,635 78,784,824 89, 123,718 101,617,392 115,616,765 134,683.894 151,944,632 166,355,396

$1,260,320

1,227,798 1,379,025 1,698,623 2,121,017 2,981,164 3,285.996 4,523,133 6,096,851 9.546,833 12,454,164 14,727,882 16,779,685 20,703,346 22,396,413 26,297,718 24,856,573 24,301,885 23,228,454 23,226,664 23,460,301 23,037,221 23,441,265 24.578,858 25,257,636 24,986,954 27,055,401 28,285,062 30,144,458 32,762,490 35,180,300 38,055 787 39,610,953

65,462
57.792
82,966
95,057
82,108
184,740
211,294
394,855
344,408
261,627
464,794

747,027
1,212,207
1,925,107
1,662,186
2,191,415
1,307,367
1,197.302
1.717,492
1,909,027
2,402,260
2,921,803
3.246,193
2,914.373

$5,230,445

5,998,144 6,292,416 7,449,681 10,624,986 16,163,138 24,826,041 40,486,320 56,481,997 77,382,158 98,507,319 105,026,148 113,490,562 117,306,029 118,396,502 115,732,714 108,645,084 96,358,583 86,162,144 80,462,999 76,303.581 76,203,022 79,820,513 85,654,727 93,408,666 98,130,956 107,037.527 119,126,272 133,670,877 150,781,515 172,785.997 193.246,612 208,880,722

$763,237

744,801
792,100

834,292
1,935,011
2,299,142
4,025,905
6,745.434
9,480,443
13,789,689
17,278,478
18,349,431
20,242,707
18,006,861
17,208,206
15,986,881
14,128,594
13,174,419
13,327,565
10,992,051
11,278,356
13.924,284
13,308,595
13,622,618
15.760,746
18,781,616
20,813,089
22,250,571
26,628,952
30,703,494
37.487,658
42,413.339
45.328,408

$2,634,143 2,908,936 3,638,481 3,721,561 5,764,043 7,021,649 10,595.357 17,057,049 26,325,213 40,959,021 54,471,576 63,876,840 77,536,280 78,207,257 84,501,446 81,232,333 79,982,466 76,618,183 74,337,324 72, 128,070 68,965,599 66,561,687 65,815,377 66,693.779 72,445,653 77,603,161 81,499,913 84,111,350 95,979,784 106,284,574 118,092,648 131,288,705 141,041,093

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