Deduct amount of premiums paid to other companies for re-insurance.. $ 2,169,686 78 11,673 44 Loans on policies Other debts due the company. Rents from company's property. Total receipts during the year. Balance of net or ledger assets December 31, 1894. Total 599 31 10,476 70 27,074 72 $ 2,246,859 73 1,636,914 83 $ 3,883,774 56 DISBURSEMENTS DURING 1895. Total net amount actually paid for losses and matured endowments. $ 1,220,791 74 1,581 40 Dividends paid policy holders in cash. 36,759 78 Total paid policy holders.. Dividends applied by policy holders to pay running premiums. Surrender values paid in cash.. Surrender values applied by policy holders to purchase paid-up insurance and annuities Cash paid stockholders for interest or dividends Cash paid for commissions and bonuses to agents. 223,926 72 5,331 22 8,021 29 $ 1,491,412 15 6,977 60 815.689 68 Loans secured by pledge of bonds stocks or other collaterals. Loss made to policy holders on this company's policies assigned as collateral. 3,798 80 14,179 98 453 89 390 83 7,109 50 25,933 00 15,000 00 60,051 87 $ 101,366 15 70,709 54 $ 144,253 95 Total of invested and other assets.. Less items not admitted...... Total assets, less items not admitted.. LIABILITIES. Net present value of all outstanding policies in force December 31, 1895, according to actuaries table of mortality with 4 per cent. interest. Net reserve.... Total policy claims. All other liabilities.. Liabilities on policy holders account. Gross surplus..... Total liabilities.. $ 1,992,459 36 78,273 80 Issued in 1895 (new policies issued, old policies revived and additions)... 7,867 23,191,178 00 25,401,295 00 Terminated in 1895... 7,818 341 1,258,723 00 Surplus at end of previous year... Receipts from margins or loading on premiums during year, in excess of four per cent. Actuaries' net premiums (estimated). Receipts from interest, rents, dividends and discounts. Tabular or expected mortality (4 per cent. actuaries' table of mortality) estimated Reserve on policies lapsed, surrendered and purchased (four per cent. actuaries' table of mortality)... Total... Cost of conducting business during the year, being total of "miscellaneous expenses. Death loss incurred, less reserve on same. Interest required to maintain reserve (four per cent. Actuaries' table of mortality) estimated. Dividends declared $ 623,684 97 32,114 51 260,686 50 Loss realized on ledger assets, $.. ..; from "other assets,' less unadmitted... 32,114 57 Allowed for surrendered and purchased policies, including values given in exchange... 8,352 51 Premiums on new policies, without deductions. Surrender values applied to pay running premiums.. 1.840,113 65 10,012,060 36 903 77 1,377 85 513 09 Dividends applied to pay running premiums. Dividends applied to purchase paid up additions and annuities. Surrender values applied to purchase paid-up insurance. Consideration for annuities, other than matured installment policies.. Total Deduct amount of premiums paid to other companies for re-insurance... 35.449 88 6,659 90 $ 11,897,078 00 4,311 37 $ 11,892,766 63 299,720 43 231,103 62 2,283 70 4,253 90 141,982 18 13,427 97 $ 12,585,538 43 12,582,852 88 $ 25,168,391 31 DISBURSEMENTS DURING 1895. Total net amount actually paid for losses and matured endowments. Dividends applied by policy holders to pay running premiums. Dividends applied by policy holders to purchase paid-up additions and annuities. Surrender values applied by policy holders to pay running premiums. Surrender values applied by policy holders to purchase paid-up insurance and annuities Cash paid for salaries and all other compensation of officers.. Taxes on premiums... Cash paid for taxes on real estate.. Insurance department fees Cash paid for rent... Cash paid for commuting renewal commissions. Cash paid for advertising, etc. Cash paid for legal expenses Cash paid for repairs.. All other items Total disbursements. ASSETS. 246,073 23 497,214 93 156,773 20 Cost of real estate. Mortgage loans on real estate. Loans made to policy holders on this company's policies assigned as collateral.. $ 2,640,562 16 7,166,767 08 46,926 22 10,987 55 Net present value of all outstanding policies in force on December 31, 1895, according to actuaries' table of mortality, with four per cent. interest.. Net reserve.. Total policy claims. All other liabilities. $ 12,332,412 00 12,332,412 00 56,110 24 81,795 02 12,470,817 26 3,309,837 05 $ 15,780,154 31 Issued in 1895 (new policies issued, old policies revived and additions). 23,503 Terminated in 1895. 14,211,328 00 25,706,280 00 237,912 00 19.500 00 225,822 00 By lapse... 8,467 8,834,593 00 By change and decrease.. 146,363 00 Not taken.. 1,538 2,030,762 00 |