$ $ 135 204,000 4,363.786 186,500 09 198,500 *60,766,778 *2,232,919 156 153,000 344,500 (a) 37 *149,864 8,276,294 *429,648 147.500 1,314,650 (a) 129 141,250 5,213.948 355,580 *84,304 21,148,031 *283.972 31,000 2,040,900 1,477,000 *25,689 1,216,042 *25,285 7 24,000 6,754,200 10,000 14 1,148 2,517,715 271 363 243,080 None None 6,911,500 (d) None None 194,000 (a) None None 8,203,952 None None None 23,750 (a) None None 139.400 None None None 65,468,869 *722,921 Not separated 21,743,690 *4,623,300 705,128 16,000 Not separated 3.734,553 separated Not separated 2,385.947 60,500 329,941 | 805.340,705 | 9.569,296,851 1*799,607,052 a Commenced business in 1903. d Reorganized in 1903. Aggregates . EXHIBIT XLII.-LAPSED AND SURRENDERED POLICIES. Showing the amount of Policies Terminated by Lapse and Surrender during 1903, in comparison with a similar item for 1902. $ I 1 I 2 IO II 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Security Life and Accident. a Commenced business in 1903. $ $ 11,875 None. 121.590 None. 270,500 None. 1,157,325 1,000 4,016,975 320,500 1,166,356 16,000 166,181,356 3,462,381 1,649,420,463 34.501,752 7,658,080 201, 150 641,776.239 18,109.735 97.934,623 3,047.455 2,559,625 80,500 I01,648,834 3,569,531 322,247,469 11,347,648 127,961,117 4.795,262 140.318,254 5,362,664 155,348,835 6,416,002 164,186.129 6,827,702 217,242 471 9,590,000 59,607,604 2,668,353 19,834,547 934,009 22,135,096 1,045,542 15,031,792 823,723 73,763,830 3,721,005 94,893, 809 4,921,466 1.392,988,670 77,505,322 8,211,554 464.773 189,793,552 16,935,060 292,448,0531 17,412,238 55,751,912 3,584,335 1,351,182,669 86,956,105 121,997,238 8,237,529 122,300 8,500 66,361,863 4,735,267 d Reorganized in 1903. None. 25,012 3,128, 190 27,534.313 258,700 15,998.779 3,356,086 (d) 2,596,599 8,382,761 4.500,995 4,579.830 5,267,248 5,959,449 7,693,775 2,945.878 763,640 1,027,1 10 1,115,471 3,814.301 4,264,566 72,851.333 497.923 9,841.387 16,070,953 3,942,841 70,070,507 6,711,731 27,100 4,385,798 EXHIBIT XLII.-LAPSED AND SURRENDERED POLICIES.-Continued. 30 26 31 48 36 32 34 42 39 45 41 42 43 44 45 46 47 48 48 49 50 51 52 52 53 54 55 56 64 50 68 35 41 44 53 55 $ (a) 17,735,353 5,141,049 (a) 5,942,412 1,385,250 4,185,062 463,576 274,408 11,294,825 11,382,913 (d) 5,427,141 864.500 (d) 2,882,156 6,902,666 606,500 506.500 4,119,597 2,377,618 (a) 33,780,094 7,461,159 4,057,400 974,583 31,759,806 10,754.768 Pittsburgh L. and T.. $ $ 2,857,253 205,750 284,443,238 20,989.614 95,680,924 7,097,475 2.349.000 205,000 70,080,646 6,270,694 11,767,421 1,145,350 44,627,742 4,429,406 6,530,444 651,755 3,065,396 308,292 72,522,471 7,516,424 95,224,060 10,607,459 473,250 53,000 39,361,825 4,578,123 6,810,056 820,506 6,072,750 750,500 16,459,124 2,066,905 33,335,056 4,182,487 4.760,425 600,050 1,837,699 236,350 44,757,942 5,773,209 16,702,555 2,255,648 886,625 119,750 259,997,875 35,291,374 42,672,587 5.940,682 22,571,738 3,224,845 10,282,597 1,516,712 123,778,508 19,290,560 63,245,378 9,892,200 1,349,839 217.787 44,904,528 7,468,707 1,993,335 338,000 3,808,670 663,200 1,758,950 307,800 97.000 17,000 13.500 2,500 5,849,492 1,152,177 2,899,881 582,500 2,373,663 478,850 25,244,993 5,092,526 16,611,330 3.510,156 4,663,232 991,719 4,423,480 958,050 1,780,815 403,200 31,869,281 7,180,480 38,177,967 10,256,376 983,663 282,783 1,820,175 541,450 5,530,581 1,701,248 1,702,500 526,000 1,788,325 563,650 2,266,526 888,443 3,111,875 2,134,250 172,250 122,750 38 58 52 33 46 46 4,617,617 238,000 454,050 179.900 la) None. 1,338,988 352,000 (d) 5,043,688 2,721,985 574,218 1,394,536 242,950 3,528,479 62 49 57 54 47 67 56 48 82 83 1 2 I2 3 Aggregates..... Industrial Companies. Home Life of Delaware. John Hancock...... Metropolitan Prudential Life Insurance Co. of Virginia. Immediate Benefit.... Mutual of Baltimore.. Equitable Industrial.. Western and Southern. Baltimore Life... Providence Life. Colonial.. Hartford Life.. Columbian National. Contentnea Life.... 8 IO II 12 13 14 15 8 II 10 13 14 Aggregates.. a Commenced business in 1903. 1,888,133.7511 403,051,2461 406,289.711 c Not reported. d Reorganized in 1903. in 1903 20 (d) 16,500 16,700 EXHIBIT XLIII.-DEATH RATE. Showing the Death Losses of the companies in 1903, compared with the same item in 1902. 1902. Mean Insur- Death Rank. NAME OF COMPANY. ance in Force Losses Death lncurred. Losses Rank Incurred. $ $ 1 Columbia Life ..... 97,000 None. 1 Equitable Industrial.. 13.500 None. I Lite Association of America.. 2,349,000 None. I Reliance Life. 1,157.325 None. 1 Security Life and Accident. 11,875 None. 1 Southern Loan and Trust..... 121.590 None. I Texas Life.... 122,300 None. None. 1 Volunteer State Life. 270,500 None. 2 Columbian National. 4,016,975 3,500 None. I 3 Eastern Life 473,250 500 (d) 3 Liberal Life.. 1,702,500 2,000 II,000 Security L. and A., Phila. 2,559,625 3,000 (d) Bankers Reserve. 6,072,750 8,000 Mutual of Illinois.. 1.349,839 2,500 None. Inter-State of Indiana. 6,530,444 14,162 14,500 5 Meridian L. and T. 1,780,815 4,000 1,500 2 Federal Life...... 4,423,480 10 Security Mutual of Nebraska. 2,373,663 6,300 (d) 8 South Atlantic 2,899,881 10,250 11,000 13 9 American Life.. 1,788,325 7,500 1,200 9 Pittsburgh L. and T. 2,857,253 12,000 (*) IO Central of Iowa.... 2,808,670 10,700 9 II Register L. and A. 3,065,396 14,605 13.542 14 12 Kansas City Life.. 1,820,175 9,250 (d) 13 Colonial 2,266.526 12,057 14,000 23 14 Baltimore Life.. 983,663 5.500 2,000 6,810,056 1,200 16 Bankers of Nebraska. 10,282,597 59,610 26,596 16 Guaranty Mutual.. 172,250 1,000 17 Equitable of Iowa 19,834,547 115.993 135,673 23 18 State Life..... 44,627,742 270,902 171,000 11 19 Reserve Loan..... 4,760,425 29,000 22,500 20 Pacific Mutual. 44,757,942 389,175 371,605 21 Inter-State of Ohio. 1,837,699 13,000 17.500 22 Presbyterian Ministers. 7,658,080 54.760 50,275 23 Conservative Life... 16,459, 124 123.000 131,000 24 Union Central. 189,793,552 1,410,092 1,299,086 25 Metropolitan.. 259,997,875 2,020,396 1,669.997 26 Missouri State.. 5,849.492 45,848 55,773 39 National of U. S. A.. 31,869,281 258,112 265,098 43 National of Vermont 121,997,238 1,003,559 1,010,476 27 29 John Hancock...... 95,680,924 808,941 584,370 30 Royal Union 11,767,421 100,080 76,025 22 31 Penn Mutual... 292,448,053 2,792,129 2,602,945 31 Security Mutual of New York. 39,361,825 374,038 34 31 Southwestern Life.. 886,625 3,500 32 Northwestern Mutual.. 641,776,239 6,285,334 5,315,461 25 32 Security L. & A., Greensboro, N.C.. 1,758.950 17,200 6,000 15 33 Connecticut General. 22,135,096 218,720 168,276 24 33 Des Moines Life. 16,611,330 162,750 176,490 38 34 Boston Mutual.. 5.530.581 54,602 63.363 35 Prudential 284,443,238 2,855.250 1,497,328 36 Wisconsin Life. 1,993.335 20,000 I1,000 20 37 New York Life. 1,649,420,463 16,870,848 15,684,294 Western and Southern.. 3,111,875 32,000 7,000 I2 Franklin Life. 25,244,993 262,219 228,213 Massachusetts Mutual... 164,186, 129 1,705,024 1,620,941 39 Berkshire 59,607,604 627,446 718,317 Michigan Mutual. 42,672,587 448,519 463.962 Fidelity Mutual.. 95,224,060 1,029,722 1,138.847 Union Mutual.. 55,751,912 605,203 671.530 Provident Life and Trust. 155,348,835 1,704,692 1,331,940 26 Illinois Life..... 33.335,056 366,715 214,318 28 43 Northwestern National 38,177,967 435,326 44 Home of New York.. 66,361,863 825,787 718,136 37 44 State Mutual.... 97,934,623 1,230,168 695,961 21 45 Columbian National.. 1,623,138 21,060 403 I 45 Germania... 94,893,809 1,226,654 1,115,543 45 Travelers.. 127,961,117 1,653,691 1,206,494 31 Ætna Life 217,242,471 2,817,461 2,713,285 American Central.. 228,076 2,980 3,329 4 47 Provident Savings. 101,648,834 1,338,621 1,229,529 47 47 United States.. 44,904,528 590,620 578,333 49 * Commenced business in 1903. dReorganized in 2003. 370,528 38 38 36 45 46 46 Exhibit XLIV.-GROSS EXPENSES AND MEAN INSURANCE IN FORCE. Showing the Gross Expenses of Management and Mean losurance in Force in 1903, compared with a similar item for 1902. Presbyterian Ministers... Murual Benefit... Northwestern Mutual.. Connecticut Mutual. Hartford Life c... Lite A soc. of America. Phoenix Mutual.. 16 National of Vermont New York Life. 18 Michigan Mutual.. * Commenced business in 1902. Gross Ex penses of Management. $ 38,625 914,112 463,293 2,499,067 1,596,733 1,221,009 1,120,837 1,135,669 4,716,504 2,704,276 813,115 608,250 $ 7,658,080 41,791 127,961,117 997,274 59,607,604 476,643 322,247,469 2,628.999 189,793,552 1,612,971 164,186,129 1.474.957 140,318,254 1,280,006 155,348,835 1,422,426 641.776,239 5,930,326 292,448,053 2,751,024 97 934,623 911,843 166,181,356 1,586,453 217,242,471 2,089 822 75.057.715 725.890 19,834,547 191,506 1,157.325 113,844 8,211,554 85,809 1,351,182,669 14,543.339 2,349,000 25,422 73.703.830 799.341 121,997,238 1,331,941 1,649,420,463 18,279,212 42.672,587 497,222 c Includes industrial business. 10 II II 4 13 Ιο 9 12 5 II 18 14 90,306 13,500, 802 (*) 756,691 1,248,527 16 15 17 28 16 329.753 539,705 EXHIBIT XLIV.-GROSS EXPENSES AND MEAN INSURANCE IN FORCE.-Cont. 18 19 20 21 22 23 23 24 25 26 28 30 31 32 33 34 35 35 36 37 38 39 40 41 42 43 45 46 47 48 Mutual of New York.. Aggregates..... Industrial Companies. Home Life of Delaware. Metropolitan b... John Hancock • Providence Life.. Prudential b.... Life Insurance Co. of Virginia b. Mutual of Baltimore.. Equitable Industrial b. Western and Southern b. Baltimore Life ... Colonial ... Immediate Benefit Contentnea Life.. 40,819 1902. Mean Gross ExInsurance penses of Gross Exin Force in 1903. Management. penses of Rank, Management, $ $ 1,392,988,670 16,152,412 15.040,651 20 123,778,508 1,446,962 1,683,275 95,224,060 1,136,235 1,001,363 22,571,738 283,879 300,733 3,065.396 39,009 30.975 16,611,330 217,890 175.682 55,751,912 733,121 697,033 66,361,863 881,304 843,817 95.318,802 1,295,625 1,124,138 1,166,353 16,540 15.500 44,904,528 648,418 676,104 22,135,096 321,501 259,259 10,282,597 150,945 127,466 70,080,646 1,034,630 945.700 34 33.335,056 493,092 333.820 44,757,942 693.316 627,803 41 44,627,742 715,127 505.705 1,758,950 28.945 37,486 57 39.361,825 656,241 534.939 37 1,702,500 28.528 26,927 11,767,421 198.335 172,179 42 15,031,792 256,819 172,332 38,177.967 669,844 97.519 38 4,423,480 79.930 81.473 50 1,780,815 32,387 28,691 4,760,415 87,025 75,814 6,072,750 117,110 24.423 2,899,881 74.936 64,617 439,596 442,111 53 6,530,444 184,868 92,599 5,530,581 157,222 90,035 473,250 16,198 (d) 886,625 39,593 11,164 270,500 22,867 61 97,000 17,450 121,590 96,075 11,875 1,658 8,506,831,524 94,796,696 19,493,549 1.570,386 21,080 16,665 1,280.774,942 17,601, 163 16,133,040 304,016,252 4,827,077 4.507,694 707.781 11,898 11.525 886,643,326 15,104,224 13,369.935 37,066,881 847.482 722,367 3,521,667 81,980 70,037 2,522,591 61,943 35.366 24,045,133 671,897 580,236 8,434,782 285,492 294.966 9,355,283 365.989 353.506 625,380 35.779 542,139 11,180 2,073 (*) 2,559,296,784 39,917,037 85,641,765 c Includes industrial business. & Reorganized in 1963. 51 52 53 54 55 56 57 58 62 63 64 65 ( 5.981 avu 10 11 12 1 II 12 Aggregates.... * Commenced business in 1903. 6 Includes ordinary business. |