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SYNOPSIS OF PAYMENTS TO LIFE POLICYHOLDERS IN TWENTY YEARS. The following tables show the total annual payments to policyholders by thirty prominent life companies for twenty years (1884–1903), compared with the increase of assets during same period :

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$

Ætna, Hartford.
Berkshire, Pittsfield.
Connecticut General, Hartford.
Connecticut Mutual, Hartford.
Equitable, N. Y..
Germania, N. Y.
Home, New York.
John Hancock Mutual, Boston.
Manhattan, N. Y..
Massachusetts Mutual, Springf'd..
Metropolitan, N. Y.
Michigan Mutual, Detroit.
Mutual, New York.
Mutual Benefit, Newark.
National, Montpelier..
New England Mutual, Boston.
New York, N. Y..
Northwestern Mutual.
Pacific Mutual, San Francisco.
Penn Mutual, Philadelphia..
Phenix Mutual, Hartford..
Provident Life and Trust, Phila..
Provident Savings, New York.
Prudential, Newark
State Mutual, Worcester.
Travelers, Hartford
Union Central, Cincinnati, O
Union Mutual, Portland, Me.
United States, N. Y
Washington, N. Y.

Aggregates (30 companies)

728,904

$
$
$
$
$
$
$

$
2,960,728 3,119,472 2,978,024 3,025,659 3,181,119 3,641,441 3.556,414 3,754,898 4,194,280 3,903, 170 4, 103,637 4,549,204
565,955
633,834
686,155
698,163 593,943

613,078

699,889 764,969 838,251 843,215 962,881 1,019,860
112,515 126,220 131,997 117.572 119,767 152.887 159,180

189.704 201,435 166,976 215,383 208,507
5,512,307 5,824,584 5,285,001 5,414,301 5,385,348 5,839.313 5,833,592 5,815,371 5,957,100 5,824,015 6,199,813 6,282,518
7,194,787 7,138,689 8,336,608 10,062,510 11,884,457 11,842,858 13,256,672 14,793,696 16,534,448 17,650,315 19,473,353 19,568,300
1,261,675 1,300,526 1,200,829 1,302,161 1,352,910 1,537,773 1,568,516 | 1,862,083 1,799,886 1,900,167 1,877,004 2,227,842
517,321 512,038 603,553 559,369 613,160

628,897
657,810
796,619 990,339 833,580 1,023,542

936,781
388,775 389,246 449,134 475,372 650,857 822,890 901,822 1,103,909 1,168,304 1,319,827 1,499,730 1,821, 162
1,077,715 1,177.729 1,187,567 1,282,514 1,406,446 1,441,588 1,358,348 1,590,470 1,668,941 1,737,030 1,831,616 1,624,175
797,966

821,673 958,870 1,015,234 1,061,789 1,092,009 1,222,384 1,364,388 1,495,048 1,651,862 1,956,033 1,890,336
1,221,228 1,422, 364 1,677,561 2,194,007 2,623,059 3,107,515 3,803,136 4,462,961 4,932,945 5,793,707 5,930,506 6,781,837
166,714
197,860
193,512 256,387 248,519

278,346 311,253 338,212 370,804 439.555 594.322 551,993
13,923,062 14,402,050 13,129,104 14,128,424 14,727 556 15,200,608 16,973,200 18,755,712 19,386,532 20,885,472 21,089,257 23,126,728
4,118,965 4,452,002 4,688,849 4.726,176 4,953,800 5,039,817 5,378,799 5,813.308 5,833,914 6,667,506 6,738,088 6,849,871
305,812 299,150 336,369 445,240

619,497 639,165

948,701

954,878 1,088,644 1,206,607 1,385,047
2,176,901 2,092,285 1,971,574 2,055,847 2,303,8282,254,043 2,512,289 2,573,853 2,514,230 2,906,788 2,828,944 2,665,113
6,734,955 7,681,874 7,627,230 9,535,211 10,973,070 12,121,122 13,279.544 12,671,491 13.995,012 15,038,450 15.665,003 16,793,532
2,485,969 2,637.794 2,413,999 3,347,809 2,799,697 3,542,122 3,923,136 4,161,043 4,854,666 5,299.509 5,151,762 5,684,865
243,436 269.377 201,193 227.508

226,974
343.013 355,395 381,876 384,863

398,228
1,037.521 1,345,552 1,279,125 1,313,134 1,620,096 1,790,047 2,071,460 2,312,043 2,417,367 2,862,363 3,105,874 3,184.563
1,144,254 1,187,529 1,023.774 1,015,389 957,893 1,147,242 1,051,768 966,214 1,079.588 1,093.421 1,087,556 1,113,250
801,280 703,468 852,824 904,068 1,214,004 1,290,254 1,536,643 1,540,263 1.731,566 2,081,826 2,527,798 2,487,470

91,643 215,257 410,859 693,428 782,642 924.746 1,055,079 1,105,410 1,173,498 1,328,783 1,405,818 1,491,412
322,382

418,622 593,273 853,914 1,096,884 1,331,323 1,754,898 2,105,302 2,539,657 2,916,207 3,237,195 3.915,491 362,806 443,469 494,624 490,975 619,453 592,927

813,354

922,492 1,165,179 1,151,609 1,210,023 349.984 379,571 428,306 448,501 580,543

553.312

767,912 734,541 845,101 922,349 1,017,539 1,010, 117
215,724 263,828 301,615

298,554 457.940 650,577 726,600 259,810 810,386 1,011, 173 1,241,583 1,232,278
668,878 819,676 681,666 743,634 690.152 549,845 732,388 692,900 695,066 681,606

738,296
636,149
500,506 526,368 524.730 527.414

662,446
657,852
742,118

839,480 894,201 934.535 764,813 1,149,641 993.442 1,111,383 1,088,600 1,219,584 | 1,279,608 1,289,096 1,447,000 1,542,042 1,544.182 1,469,177 1,811,591

268,114

345,800

618 836

734,281

58,546,148 61,769,687 61,760,94669,244.391 75,492,400 80,835,913 88,730,433 95.335.738 102,670,032 110,835.941 176,658,074 123,272,771

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NEW BUSINESS ISSUED. The following table shows the particulars of the new business written by all companies reporting to the New York Insurance Department during thirty-eight years ending with January 1, 1904.

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$

$

$
$

$ 1903.... 42 945,366 1694,701,189 24,342 36,870,598|*6,482 *28,109,736

976,191 1,759,681,523 1902... 39 868,510 1557,948,826 23,181 39,389,988 15,480 38,896,564 9,777,803 907,171 1,646,013,181 1901.. 38 752,813 1397, 162,009 21,970 37,432,547 12,964 26,575,175 9,148,156 787,747 1,470,317,887 1900. 40 663,092 1298,771,229 15,123 26,834,488 8,790 22,143,100 9,020,836 687,005 1,356,769.653 1899. 37607,535 1239,890,685 13,965 26,357,504 11,204 28,789,247 9,268,592 632,704 1,304,306,028 1898.... 36 471,001 975,024,562 10,659 23,503,155 4,075 9,312,990 10,525,320 485,735 1,018,366,027 1897 35 418,778 882,667,547 9,440 22,831,573 3,239 7,854,536 10,451,220 431,457 923,804,876 1896.... 35 338,159 755,660,192 8,436 19,780,252 3,511 14,733,870 5.950,012 350,106 796, 124,326 1895.... 34 355,917 816,433,866 10,053 25,471,535 1,599 13,812,665 8,979,368 366,565 864,815,534 1894.. 32 372,561 914,067,279 18,085 46,160,659 2,590 16,835,406 8,357,589 396,843 985.520,033 1893.... 31 375,941 991,374,980 17,096 50,368,922 1,199 7,745,561 9,172,754 404,236 1,058,659,846 1892.... 30 339,186 895,107,518 11,741 35,586,224 1,051 6,977,933 10,709,842 353,083 952,884,380 1891.... 30 314,844 882,011,836 10,424 33,008,830 1,105 4,773,908 11,911,040 327,260 932,705,515 1890.... 31 279,728 844,641,401 6,855 21,276, 126 647 3,160,808 13,706,404 288,281 883,787,019 1889.. 31 242,513 737,649,272 6,326 19,238,900 504 4,344,466 13,933,646 250,577 787,665,283 1888. 29 199,401 603,290,423) 4,412 13,220,273 651 1,672,260 12,557,737 204,365 631,731,701 1887 29 170,381 504,046,082 3,681 10,993,218 598 1,498,084 13,522,310 174,675 531,170,783 1886. 29 146,663 427,187,668 3,212 9.732,175 665 1,463,180 13,138,739 151,102 448,514,242 1885 29 151,752 354,138,561 2,493 9.362,734 735 1,469.574 13,243,953 156,214 378,214,523 1884 29 124,141 297.999.559 2,916 8,696,180 255 737,964 13,667,467 127,965 321,310,170 1883 29 107,368 287,194,576 2,464 7,063,045 476 1,103,694 12,635,642 I10, 302 308,064,893 1882.. 30 88,867 236,204,979 2,409 7,045,247 669 1,417,886 12,538,095 91,945

257,517,216 1881.... 30 76,929 202,904,030

2,440 6,671,283 780 1,648,358 11,446,710 80,929 222,582,483 1880. ... 30 68,230 166,084,259 3,349 9,545,529 686 1,839,362 9,937,906 72,267 187.504,256 1879

31 62,291 143,500,140 4,334 12,501,132 874 2,429,347 9,635,701 67,399 167,865,390 1878... 34 60,478 127,493,7411 5,032 14,357,906 1,530 3,892,133 10,567,349 67,040 156,501,129 1877 34 75,943 154,203,757 4,485 13,043,070 1,009 2,647,288 29,407,112 81,909 178,283,617 1876. 38 91,711 204,256,355 5,446 15,833 044 769! 1,889,397 28,170,689 99,036 232,665,489 1875... 45 126,682 276,981,809 6,017 17,468,885 235 583,947 4,203,766 133,095 299,276,337 1874.. 50 147, 168 318,314,777 9,019 24,783,378 76 1.404,067 4.303,350 144,783

351,803,670 1873.... 56 189,682 431,244,627 6,722 18,665,907 2,666 5,979,798 10,820,592 199,050 465,614,001 1872.... 59 187,173 445,389,184 7,920 23,158,525 950 3,125,375 6,863,701 201,366 489,924,857 1871.... 68

187,881 429,906,054 7,248 20,110,179 2,699 4,552,494 3,432,259 209,753 488,665,022 1870. 71 220,530 524,992,564 5.567 15,490,044 1,912 3,239,537 24,748,306 237,180 587,863,236 1869. 70 224,995 595,842,354 4,071 11,296,660 830 2,780,033 3,648,999 231,269 614,762,420 1868. 55 192,749 554,417,404 3,391 9,535,878 996 1,582,134 2,809,967 201,922 579,657 371 1867 43 154,055 457,878,617 2,524 7,067,433

16

263,190 1,915,972 158,605 471,611,744 1866. 39 130,813 395,944,163 1,871 4,218,123 32 156,160

423,227 134.300 404,508,474

DIVIDENDS TO STOCKHOLDERS OF LIFE INSURANCE

COMPANIES.
FOR 25 YEARS—1879-1903 INCLUSIVE.

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1879.. 1880.. 1881. 1882.. 1883.. 1884.. 1885.. 1886. 1887 1888.. 1889.. 1890.. 1891.. 1892.. 1893.. 1894.. 1895.. 1896.. 1897 1898.. 1899.. 1900.. 1901.. 1902 1903..

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Dividends.

Capital.

Dividends.

Capital.

Dividends.

Dividends.

Capital.

Dividends.

6,325

41,860

$ $ $

$ $

$
$

$

$ 1879.. 100,000

100,000

6,000
500,000

5.900

9,000 1880. 6,000

1,380

100,000 1881.. 6,000

1,380 1882. 12,000 893,58714

9.900 1883. 24,000 1,000,000

103,000

14,500 1884.. 9,055 24,000

106,000 20,500 1885.. 10,945 24,000

115,000 49,450 1886.. 10,000 24,000

149,500 14,950 1887.. 10,000 24,000 48,300

80.730 1888.. 10,000 24,000 44,610

209.300 20,930 1889.. 10,000 12,000

46,470 1890.. 10,000 + 1,050

46,590

418,600

83,720 1891.. 10,000

46,370 6,978 837,200 83,720 1892..

48,730
6,977

83,720 1893.. 10,000 None

46,970 6,978

200,000 1894.. 8,000

47,170

6,977

2,000,000 200,000 1895. 8,000

48,790 6,978

200,000 1896.. 8,000

6,978

200,000 1897.. 200,000 8,000

45.970 3,489

200,000 1898.. 11,600

48,370 10,466

200,000 1899.. 14,000

43,205
6,978

200,000 1900. 14,000

41,065
6.978

200,000 1901.. 500,000 14,000

40,500
6,978

200,000 1902.. 26,775

40,040
6,975

200,000 1903.. 35,000

40,670
6,972

200,000 + By vote of the policyholders the capital stock was bought in in 1889, except $1050, which was not retired until 1893. Company is now purely mutual.

The charter of this company provides that the interest earned by the capital goes to the trust department, from which source dividends are also paid. The figures from 1887 to 1903 are from the Massachusetts reports. Earlier figures are not obtainable.

44,620

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