LIFE INSURANCE HISTORY. YEARLY BUSINESS OF ACTIVE UNITED STATES LIFE INSURANCE COMPANIES FROM DATE OF COMMENCING BUSINESS. The first State insurance department in the United States was established by act of the Massachusetts Legislature in 1855, and since that time annual reports have been issued by an increasing number of departments, and with growing completeness and fullness of detail, until at the present time nearly every feature of the insurance business is fully reported and brought under review for the enlightenment and benefit of the general insuring public. There are now over ninety active level premium American life insurance companies that report to the various insurance departments. Of these sixteen were transacting business before the establishment of State supervision, and consequently no public official record has been kept of their transactions during their earlier years. In the first years of State supervision the reports were, as was natural, very incomplete as to several matters of detail, which experience has since shown ought to have been more fully reported in order to insure a harmonious and complete record. Occasions often arise in the business experience of a company when it is necessary to refer back to the business of the earlier years of its own or some other company's existence. Before the compilation of the statistics in the following pages. was made there was no way of doing this, except by long and laborious researches through old insurance reports, insurance journals and antiquated records. Knowing the tediousness of these searches by experience, at great pains and expense we have made the tabulations given herewith. The New York Insurance Department report, as now compiled, was used as a standard, and during the past year the figures have again been carefully gone over, and corrections made where necessary, so that the work is as nearly accurate as it is possible to make it, and may confidently be accepted in lieu of the insurance department reports. Capital Stock, $2,000,000. ETNA LIFE INSURANCE Morgan G. Bulkeley, Pres.; J. L. English, Sec.; C. E. Gilbert, Asst. Sec.; W. E. A. Bulkeley, Auditor; Gurdon W. Russell, M.D., and E. K. Root, M. D., Medical Directors; P. H. Ingalls, M.D., and W. E. Western Division; Accident and Liability Department-Walter C. Faxon, Sec.; J. Scofield Rowe COMPANY, HARTFORD, CONN. Incorporated May 26, 1820. William H. Tubbs, Assistant Auditor; H. W. St. John, Actuary; M. H. Peiler, Assistant Actuary; Dickerman, M.D., Medical Examiners; Frank Bushnell, Agency Sec.; T. B. Merrill, Supt. of Agents, and J. M. P. rker, Jr., Asst. Secs.; L. M. Hastings, Supt. of Agents; P. B. Eyler, Chief Adjuster. Capital Stock, $137,000. AMERICAN CENTRAL LIFE INSURANCE A. H. Nordyke, Pres.; Charles E. Dark, Vice-Pres.; Milton A. Woollen, Sec.; W. W. Dark, C. B. Carr, Actuary; W. W. Woollen, Asst. Actuary; Augustin Boice, General M. H. Brinton, Pres.; W. B. Hanes, Vice-Pres.; E. D. Samson, Counsel; A. D. Hindman, F. S. Strobridge, Pres.; R. E. Bromwell, Vice-Pres.; W. O. MacGill, Sec.; A. S. Niles, W. C. Wilson, Pres.; D. W. Cook, Vice-Pres.; A. L. McPherson, 2d Vice COMPANY, INDIANAPOLIS, IND. Incorporated February, 1899. Asst. Sec.; George E. Hume, Treas.; C. P. Williams, Supt. of Agencies; D. A. Coulter, Auditor; Auditor; J. C. Griffith, Secretary; J. E. Himmel, Treas.; T. F. Kelleher, Med. Dir. 1899 * COMPANY, BALTIMORE, MD. Incorporated March 27, 1882. Commenced Business March 27, 1882.* Counsel; H. H. Goodman, M. D., Medical Director; T. G. Deford, Actuary; Pres.; J. H. Harley, Sec.; John H. Ames, Gen. Atty.; A. R. Mitchell, Med. Dir. 364 262.500 470,361 271,826 198,536 € 5,038,963 395,415 190 112,000 222,883 172,532 335.726 183,109 152,617 |