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THE LIBRARY OF THE 

UNIVERSITY OF 

NORTH CAROLINA 




THE COLLECTION OF 
NORTH CAROLINIANA 



C328.h 

N87 
1903 
Vol.2 
c.2 



UNIVERSITY OF N.C. AT CHAPEL HILL 



00034046112 

This book must not 
be taken from the 
Library building. 




Digitized by the Internet Archive 

in 2010 with funding from 

Ensuring Democracy through Digital Access (NC-LSTA) 



http://www.archive.org/details/publicdocumentso19032nort 



PUBLIC DOCUMENTS 



OF THE 



State of North Carolina 



SESSION 1903 



VOL. II 



RALEIGH : 

E. M. Uzzell & Co., State Printers and Binders. 
1903. 



INDEX TO VOLUME II. 



Doc. No. 

10. Annual Reporl of the Insurance Commissioner, 1901. 

10. Annual Report of the Insurance Commissioner, 1902. 

11. Biennial Report of the Institution for the Deaf and Dumb and the Blind 

at Raleigh. 

12. Biennial Report of the State Hospital at Raleigh. 

13. Biennial Report of the State Hospital at Morganton. 

14. Biennial Report of the State Hospital at Goldsboro. 

15. Biennial Report of the State's Prison. 
17. Biennial Report of the State Librarian. 

is. Biennial Report of the Agricultural and Mechanical College. 

19. Biennial Reporl of the Board of Health. 

20. Biennial Reporl of the Institution for the Deaf and Dumb at Morganton. 

22. Biennial Report of the Highway Commission. 

23. Biennial Reporl of the Agricultural and Mechanical College (Colored). 

24. Biennial Report of the Commissioner of Agriculture. 

25. Memorial to the Legislature by the Board of Agriculture. 

2(i. Biennial Report of the President, Treasurer and Bursar of the State 
University. 

27. Biennial Report of the Oyster Commissioner. 

28. Biennial Report of the Board of Public Charities. 

29. Report of the Committee to Examine the Books of the State Treasurer 

and Auditor. 



ANNUAL REPORT 



OF THE 



INSURANCE COMMISSIONER 



STATE OE NORTH CAROLINA. 



FOR THE YEAR ENDING APRIL 1, 1901. 



JAMES R. YOUNG, Insurance Commissioner. 



% TRUDETffi jg" j COUNCI L^ 



RALEIGH: 

\\. M. Uzzell, State Printer and Binder. 

1901. 



TABLE OF CONTENTS, 



PAGE. 

Commissioner's Report and Comments E — N 

Statistical Tables— 

Fire and Fire and Marine Companies I — XIX 

Life Companies XI — XXXI 

Fraternal Orders XXXIII— XXXIX 

Fidelity and Casualty Companies XLII — LI 

North Carolina Business for 1900 LII— LIII 

Detailed Statements— 

Life Companies 5 — 79 

Fire and Fire and Marine Companies 83 — 313 

Fidelity and Casualty Companies 317 — 352 

Fraternal Orders 355—391 

Index of Companies' Detailed Statements 393 — 396 

(see end of volume for index). 



INSURANCE COMMISSIONER'S REPORT. 



State of North Carolina, 

Insurance Department, 

Raleigh, April 1, 1901. 

To His Excellency, Charles B. Aycock, 

Governor of North Carolina. 

Dear Sir : — In obedience to the statute of North Carolina, I have 
the honor to submit to Your Excellency the Annual Report of the In- 
surance Department for the year ending April 1, 1901. As directed 
in the law, I have included herein the acts of the Commissioner and 
a statement of the condition of the insurance companies and other 
corporations reporting to the Department, as shown by the sworn 
statements of their officers, for the year ending December 31, 1900. 

THE DEPARTMENT. 

The Insurance Department was established by the General As- 
sembly at its session in 1899, and has been in active operation since 
the eighth day of March, 1899, when the present Commissioner 
qualified as provided by law and entered upon the discharge of the 
duties of the office. The act forming this Department as a separate 
one in the State Government, placed under its supervision all of the 
insurance companies doing business in the State, and provided for 
the manner of licensing domestic companies as well as the admittance 
and licensing of foreign companies. The Commissioner is charged 
with the execution of the laws governing all kinds of insurance com- 
panies, associations and orders, including Life, Fire, Accident, 
Surety, Health, Burglary, Title and Guarantee Companies or Asso- 
ciations. The Commissioner is required to issue all licenses to com- 
panies and their agents and to collect all licenses, taxes and fees im- 
posed upon them by the State. 



Itsurance Commissioner's Report. 



COMPANIES LICENSED IN 1900. 



The following companies were admitted to do business in the State 
under the general insurance Law, where they had not been already 
admitted, and were licensed for the year ending April 1, 1901 : 



LIFE COMPANIES. 



Aetna Life, 

American Union, 

Bankers Life Insurance Co., 

Carolina Benevolent Association, 

Equitable Life Assurance Society, 

Equity Life Association, 

Fidelity Mutual, 

Hartford Life, 

Life of Virginia, 

Maryland, 

Michigan Mutual, 

Mutual Life of Kentucky, 

Mutual Life of New York, 

New York Life, 

Washington 



Pacific Mutual, 
Penn Mutual, 
Phcenix Mutual, 
Provident Savings, 
Royal Union Mutual Life, 
Security Mutual Life, 
Security Trust and Life, 
South Atlantic Life, 
State Mutual, 
State Life of Indiana, 
Sun Life of Canada, 
Travelers, 
Union Central, 
Union Mutual Life of Maine, 
Life. New York, 



FIRE, AND FIRE AND MARINE COMPANIES. 



Aetna, 

American of New York, 

American of Pennsylvania, 

Assurance Company of America, 

Atlanta Home, 

Bavarian Mortgage and Exchange Bank, 

British America, 

British American, 

Caledonian, 

Carolina, 

Citizens of New York, 

Cologne Reinsurance, 

Commercial Union, 

Continental, 

Delaware, 

Eastern, 

Equitable of South Carolina, 

Equitable Fire and Marine, 

Farmers Mutual Fire, 

Fire Association of Philadelphia, 

Firemens of Baltimore, 

Fireman's Fund, 



Georgia Home, 

German Alliance, 

German- American, 

Globe and Rutgers Fire Insurance Co., 

Greenwich, 

Hamburg-Bremen, 

Hanover, 

Hartford Fire, 

Helvetia Swiss Fire, 

Home, 

Home Protection, 

Home Mutual Fire Protection Assoc'n, 

Imperial, 

Indemnity Fire, 

Insurance Company of North America, 

Lancashire, 

Lafayette Fire, 

Law Union and Crown, 

Lion, 

Liverpool and London and Globe, 

London Assurance, 

London and Lancashire, 



Insurance Commissioner's Report. 



g 



Magdeburg Fire, 

Manchester, 

Manhattan, 

Moscow Fire, 

Munich Reinsurance, 

National Fire, 

National-Standard, 

New Hampshire Fire, 

Niagara, 

North British and Mercantile, 

North Carolina Home, 

Northern Assurance, 

Norwich Union, 

Orient, 

Pacific Fire, 

Palatine of London, 

Pamlico Insurance and Banking Co., 

Pennsylvania, 

Phenix of Brooklyn, 

Phoenix of Hartford, 

Piedmont, 

Prussian National, 

Queen, 

Wilmington 



Rochester German, 
Royal, 

Royal Exchange Assurance, 
Saint Paul Fire and Marine, 
Saint Petersburg Fire, 
Salamandra, 

Scottish Union and National, 
Skandia, 

Southern Stock Mutual, 
Southern, 

Springfield Fire and Marine, 
Sun Insurance Office, 
Sun, 

Svea Fire, 
Teutonia, 

Traders of Chicago, 
Underwriters of Greensboro, 
United States Fire, 
Union Assurance Society, 
Virginia Fire and Marine, 
Virginia State, 
Westchester, 
Western, 
Underwriters. 



ACCIDENT AND SURETY COMPANIES. 
American Bonding and Trust Company, Hartford Steam Boiler, 



American Surety of New York, 

City Trust, Safe Deposit and Surety Co., 

Employers Liability, 

Fidelity and Casualty, 

Fidelity and Deposit of Maryland, 



Maryland Casualty, 

National Surety Company, 

New Y'ork Plate Glass Insurance Co., 

Preferred Accident, 

Standard Life and Accident, 



United States Fidelity and Guaranty. 
FRATERNAL ORDERS. 



Ancient Order Amoreans, 

Anvil, 

American Guild, 

Bankers Union of the World, 

Order of Columbus, 

Endowment Rank Knights of Pythias, 

Fraternities Accident Order, 

Family Protection Union, 

Improved Order Hepta sophs, 

Knights of Honor, 

Knights and Ladies of Honor, 

Knights of Harmony, 

Knights of Kadosh, 



Knights of Mystic Chain, 

Knights Templar and Masons, 

Masonic Mutual Relief, 

Mutual Benefit Fraternity, 

Supreme Ruling Mystic Circle, 

National Union, 

Protected Knights of America, 

Sovereign Camp Woodmen of the World, 

Royal Arcanum, 

Royal Benefit Society, 

Royal Circle, 

United States Benevolent Society, 

Union Indemnity League, 



h Insurance Commissioner's Report. 

THE WORK OF THE YEAR. 

The work of the Department for the past year has been fairly suc- 
cessful in carrying out the provisions of the law and organizing and 
systematizing the work. This has not been done as successfully as 
was desired because of the many and varied duties required of the 
Commissioner and the lack of clerical force in the Department, caused 
by the small allowance (only $1,000 per annum) for the employ- 
ment of clerical aid. Much was accomplished and there has been 
a decided improvement in all the work of the Department, and such 
an improvement as augurs well for the future of this, one of the 
most important departments of our State Government. 

RECOMMENDATIONS OF INSURANCE COMMISSIONER TO THE 

LEGISLATURE OF 1900. 

As required by law, I had the honor on the 28th day of Jan- 
uary, 1901, to transmit to Your Excellency, to be transmitted to the 
General Assembly then in session at Raleigh, the following recom- 
mendations, which you promptly sent in to the bodies, accompanied 
by a special message : 

State of North Carolina, 

Insurance Department, 

Raleigh, January 28, 1901. 

To His Excellency } Charles B. Aycock, 

Governor of North Carolina. 

Section seven, chapter 54, Laws of 1899, says : "It shall be the duty 
of the Insurance Commissioner from time to time to report to the 
General Assembly any change which in his opinion should be made 
laws relating to insurance and other subjects appertaining to this 
his Department. 

In obedience to this law, I desire to submit to you, to be trans- 
mitted to the General Assembly with my last report, the following 
statements as to our Insurance Law and suggestions as to the changes, 
which in the opinion of the Commissioner, should be made in the 
laws relating to insurance and other subjects appertaining to this 
Department : 



Insurance Commissioner's Report. i 

THE LAWS OF 1899. 

The general Insurance Law passed by the General Assembly in 
1899 is by far the best and most comprehensive law that has ever 
been placed upon our statute books for the supervision of insurance 
companies and the collection of revenue from them. The law has 
worked nicely, resulting in increased revenue to the State, lower rates 
to the assured and a better feeling in this department of business, 
not only with the citizens of the State, but among the officers and 
agents of the companies doing business here. For years many com- 
panies have done business in the State in defiance of the law, with- 
out paying the State any revenue, and very frequently without pay- 
ing their honest claims. The law was especially drawn to stop the 
operation in the State of these "under-ground" and "wild cat" in- 
surance companies. This has been accomplished to a large extent, 
but there are still some companies doing business in the State in de- 
fiance of the law, and without paying the State any taxes. 

RECOMMENDATIONS. 

1. The law should be amended in many places to correct clerical 
errors, remove doubtful or uncertain meanings, and to perfect the 
machinery necessary for the Department. 

CLERICAL HELP. 

2. The Department is now allowed $1,000 for clerical help. This 
amount should be increased to $1,500 to enable the Department to 
employ a stenographer. A stenographer is necessary, and has been 
employed during the past two years, part of salary being taken from 
salary of clerk and the balance paid by the Commissioner person- 
ally. 

UXAUTHOR J ZED COMPANIES. 

3. Because of the fact that unauthorized companies are still 
operating in the State, the law should be amended to enable the De- 
partment more effectually to catch up with and punish them. Every 
company should be required to either obey our laws and pay their 
proper proportion of taxes or stop business in our State. 



J Insurance Commissioner's Report. 

BOND INVESTMENT COMPANIES. 

4. That an act be passed amending' the Insurance Law so as to 
require all Bond, Investment, Diamond, Guarantee, Registry, De- 
benture, Title, Title Guarantee and such companies and associations 
to be licensed by the Insurance Department before doing business in 
the State, and pay licenses and taxes therefor. 

FORMATION OF LIFE INSURANCE COMPANIES. 

5. The law should be amended so as to provide the manner of form- 
ing and organizing Life Insurance Companies through the Insurance 
Department as is now provided for Fire Companies. As the law 
now stands no Life Insurance Company can be organized in the State 
except during a meeting of the General Assembly. 

THE "CRAIG" LAW. 

6. That the general Insurance Law be amended so as to give the 
Insurance Commissioner power to revoke the licenses of all com- 
panies in his Department who remove or file applications to remove 
cases from the State Courts to the Federal Courts, and then to ex- 
cept insurance companies from the provisions of the "'Craig" act. 
The law as above suggested has been and is working well and satis- 
factorily in many States, and accomplishes in them, so far as in- 
surance companies are concerned, what is desired to be accomplished 
by the "Craig" act here. 

FRATERNAL ORDERS. 

7. The State law governing Fraternal Orders should be so amended 
that they can be held to as strict account as other Life Companies 
and Associations by the Insurance Department. Laws of this char- 
acter are desired by the best of the Orders, and are being passed by 
many of the States. They are necessary in Xorth Carolina to pre- 
vent our State from becoming the "dumping-ground" of the worthless 
and irresponsible ones. 

NEW COMPANIES. 

8. In chartering new companies in the State and otherwise fram- 
ing our laws, no company, association, or set of companies or associa- 
tions, should be excepted from our general laws and the supervision 



Insurance Commissioner's Report. k 

of the Department, and it is desirable that all should pay at least so 
much taxes and licenses as will impress upon them the fact that they 
are amenable to the law and the Department. 

SUPREME COURT REPORTS. 

9. The Department should be furnished with copies of our Su- 
preme Court Reports and put upon the same basis as other Depart- 
ments as to the supply of these and other books of the State and in- 
cidental expenses. 

LICENSES AND TAXES. 

10. The laws fixing the licenses and taxes should be so amended 
as to perfect the machinery of the Department and collect of insur- 
ance companies doing business in the State their proper proportion of 
revenue necessary for the increased expenditures of the State. 

ACT FOR INVESTIGATION OF FIRES. 

11. That chapter 5S, Laws 1899, be so amended as to perfect its 
machinery and to apply its provisions to fires occurring in the 
country. A strict construction would now confine these investiga- 
tions to cities and towns. The tax collected is ample for this pur- 
pose. 

GENERAL REMARKS. 

I have not entered into any details as to how these suggestions, if 
approved by the General Assembly, shall be embodied in our law. 
The distinguished members of that body can perform this duty bet- 
ter than I can, but the Commissioner stands ready to furnish such 
aid and information as may be desired at any time of his Depart- 
ment upon these or any other subjects appertaining thereto. Wise and 
conservative legislation, such as I am confident will be enacted by our 
present General Assembly, will do much to build up our home in- 
stitutions ; encourage foreign companies operating in our State, 
satisfy the insuring public by bringing about a feeling of safety 
and reduction of rates, while the State can exercise a better super- 
vision and collect more revenue. 

I am, my dear sir, with great respect, 

Your obedient servant, 

JAMES R. YOUNG, 
Insurance Commissioner. 



Insurance Commissioner's Report. 



NEW LAWS. 

The General Assembly promptly enacted legislation carrying out 
all of the suggestions made in the recommendations of the Commis- 
sioner except the increase of the amount allowed for clerical help and 
the provision for the formation of life companies. Because of the 
failure to make any provision for the formation and organization of 
life insurance companies, associations and orders, these can only be 
formed and chartered by the Legislature, when they meet once in 
two years. The increase of the allowance for clerical help must 
eventually be allowed, unless it is desired to impair the usefulness 
of the Department. A clerk who is a first-class book-keeper and 
accountant cannot be hired out of this fund and then have enough 
left to hire a first-class stenographer. The Commissioner, with all 
the time that he can devote to the clerical work himself, cannot have 
the work of the Department promptly and effectively done with less 
than two good assistants. 

The Legislature also passed laws requiring the Insurance Com- 
missioner to examine all insurance policies on State property and 
to approve of them and the bills for same before any officer can pay 
them. 

The Legislature also amended the general Insurance Law so that 
all Bond, Investment, Debenture, Diamond and all similar companies 
are now placed under the supervision of this Department, and they 
and each of their agents are required to be licensed in the same 
way as other companies under the Department. 

INVESTIGATION OF FIRES. 

ft 

The law for the investigation of all fires occurring within the State 
(chapter 58, Laws 1899, as amended by chapter 387, Laws 1901) is 
among the wisest provisions of our Insurance Law, and has already 
shown its value in the decrease of incendiary fires in the State and the 
consequent reduction of fire premiums. The act requires that every 
fire occurring in an incorporated city or town shall be reported to 
the Insurance Commissioner by the Chief of the Lire Department or 
Chief of Police, and that all fires occurring outside of an incorporated 
city or town shall be so reported by the Sheriff of the county. The 



Insurance Commissioner's Repokt. m 

Insurance Commissioner is required, with these officers, to investi- 
gate fully the origin and circumstances of all fires, and where the 
circumstances are suspicious to hold a special examination, and where 
the evidence is sufficient, cause the arrest of any person charged with 
arson and prosecute the same. 

Provision is also made for the examination of all premises and the 
removal therefrom of all combustible material or inflammable con- 
ditions, and a penalty is provided against all officers neglecting or re- 
fusing to comply with the requirements of this law. 

The costs of these investigations are provided for by a tax upon the 
gross receipts of all fire insurance companies doing business in the 
State. The companies express themselves as pleased with this law 
and its enforcement. The Commissioner has received on this fund 
during the past year $1,284.43 and paid out $297.62, as appears of 
record on the books of the Department. 

STATISTICAL TABLES. 

The statistical tables accompanying this report (pages I to LII) 
have been prepared with considerable care and are worthy of special 
examination. The information contained in them is valuable to citi- 
zens of this State, as well as to insurance men. They show what 
each company, as well as class of companies, has done during the pre- 
ceding vear. 

DETAILED STATEMENT BY COMPANIES. 

The companies under this Department are required to file with 
the Department detailed statements of their business, assets and con- 
dition. These statements are given with this report, and upon ex- 
amination will show in detail the character of the business and in- 
vestments of each company, as well as their general financial condi- 
tion. 

FINANCIAL. 

Under the law the Insurance Commissioner is required to collect 
from insurance and other companies, associations and orders, under 
his Department all licenses, fees and taxes imposed upon them in this 
State. During the past year the Commissioner has collected and 
paid monthly to the Hon. State Treasurer: 



n Insurance Commissioner's Report. 

For taxes on gross receipts $ 60,599 75 

For licenses for companies 24,741 67 

For fees 2,731 00 

For licenses for sub-agents 3,000 50 

Total $ 91,072 92 

For publication of annual statements in news- 
papers $1,629 00 

For investigation of fires 1,284 43 

2,913 43 
$ 93,986 35 

While the collection of the licenses, taxes and fees involves much 
work and a heavy responsibility, especially as it is seen that the 
amount is gradually increasing, yet this is not by any means the hard- 
est or most profitable work done by the Department. The passing 
upon the application of companies for admittance to do business in 
the State, the licensing of them and each of their agents in the State, 
supervising their work, the investigation of incendiary fires and all 
violations of the insurance laws of the State, as well as the giving of 
special information about companies and their contracts, as it is called 
for by the citizens of the State, furnishes work that will take the full 
time of the Commissioner and at least three good clerks, and when 
properly done will be of incalculable benefit to our State and her citi- 
zens. The work is gradually increasing each year and every effort is 
being made to have it well done. 

Respectfully submitted, 

JAMES R. YOUNG, 

Insurance Commissioner. 



STATISTICAL TABLES 

RELATING TO FIRE AND FIRE AND MARINE 
INSURANCE COMPANIES. 



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4,517 

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14,820 

1,283 

4,171 

8,623 

3 

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21,347 

6,338 

5,219 

1,417 

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11,012 
4,324 

5,010 

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522,092.00 
318,160.00 

2,103,259.110 

1,862,240.00 
822.911.00 
740,002.00 

1,666,844.00 
169,195.00 
301,868.00 

3,508,661.00 
545,704.00 

1,167,897.00 
474,033.00 
660,823.00 

1,289,150.00 
1,256,577.00 
2,203,533.00 

so, 700. oo 
3,591,289.00 

453,497.00 

481,570.00 

1,117,484.00 

663,239.00 

869,809,00 

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1,983,818.00 

3,026,760.00 


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British America J 

Cologne Re-insurance 

Commercial Union ___.__.__.. 

Hamburg-Bremen. . 

Helvetia Swiss 

Impeiial . 

Lancashire __ - __ _ . . . 

Law Union and Crown ____ __. 

Lion __ _ . 

Liverpool and London and tilobe.. 
London Assurance. _. _ 
London and Lancashire _ __________ 

Magdeburg Fire _ 

Manchester _________ _ 

Moscow Fire _ _ 

Munich Re-insurance ____ 

North British and Mercantile 
Northern Assurance. ______ 

Norwich Union. _ _ _ 

Palatine _ __ _ __ 

Prussian .National . _ __ . ___. 

Royal _ 

Royal Exchange _ _ _ 
St. Petersburg Fire. 

Salamandra ... ___ __ .. _ _ 

Scottish Union and National. 
Skandia _ . __ _ 

Sun Insurance Ollice __ _ 

Svea Fire _ __ 

Union Assurance Society _ _ _ 
Western _ __ 


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(xix) 



STATISTICAL TABLES 

RELATING TO LIFE INSURANCE 
COMPANIES. 



TABLE No. 

Showing the Character of the ASSETS of Life Insurance 

ending December 



Name of Company. 



JEtna Life 

American Union 

Bankers Life Insurance Co. 

Carolina Benevolent Association 

Equitable Life Assurance Society.-. 

Equity Life Association 

Fidelity Mutual 

Hartford Life 

Life of Virginia 

Maryland 

Michigan Mutual 

Mutual Life of Kentucky 

Mutual Life of New York 

New York Life 

Pacific Mutual 

Penn Mutual 

Phoenix Mutual 

Provident Savings 

Security Mutual Life 

Security Trust and Life 

South Atlantic Life 

State Mutual 

State Life of Indiana 

Sun Life of Canada 

Travelers 

Union Central 

Union Mutual Life of Maine 

Washington Life 



Real Estate. 



$ 469,086.71 



Bond and 

Mortgage 

Loans. 



38,188,725.12 

5,388.32 

1,296,066.08 

272,005.00 

71,7511.(11) 

209,102.50 

425,708.77 

437,781.91 

23,575,S40.73 

16,925,900.00 

922,985.14 

2,611,747.49 

1,017, 025. Ill 

467,157.61 

9,966.45 

952,500.00 



1,722,000.00 



1,072,072.66 
2,071,534.51 
460,612.09 
1,184,741.98 
5,712,250.00 



Totals 105,082,548.26 



824,107,274.86 
73,000.00 



Collate if 
Loans. 



$ 918,308.67 



45,411, 
14, 

229 
298 ', 
513, 
235, 
5,042, 
1,120, 
77,2: : >.. r ,, 
34,798 
724, 
15,882, 
6,780, 
423, 
292 

iioo' 



662. 86 
124.39 
450.35 
320.00 
885.93 
640.00 
390. 09 
965.15 
867.38 
942.34 
39.79 
57! 1. 23 
531.98 
200.00 
975.00 
800. 00 



25,371,587.00 



23,986.57 

700.00 

47,913.29 

21,500,00 

33,000.00 

74,573.15 

12,170,000.00 

2,894,000.00 



4,402,748.03 

1,000.00 

20,705.13 
19,858.72 



2,887,185.79 
500,072.50 
3,627,855.72 
5,950,339.28 
20,538,620.16 
1,272,791.43 
7,688,200.00 



116,305.00 

520,460.00 

4,264.22 

131,190.00 

1,182,450.00 



633,671.94 



260,751,514.23 48,588,221.72 



Premium 

Notes and 

Policy 

Claims. 



S 2,366,155.15 



14,313.20 



7,372,645.27 

9,456.24 

304,798.39 

104,104.93 

84,380.50 

99, 854. SI 

694,701.96 

342,102.34 

8,629,769.43 

16,516,133.23 

208, 929. 5S 

4,410,335.34 

837,873.57 

975,381.07 

74,220.03 

61,572.56 

2,255.70 

896,007.65 

3,972.28 

841,670.97 

1,586,652.20 

3,512,934.47 

198,153.39 

1,142,154.60 



41,290,528.86 



(xxii) 



VII-ASSETS. 

Companies (licensed to do business in this State) for year 
31, 1900. 



Stocks and 
Bonds Owned. 


Cash in Office 
and Banks. 


Sff ] ' Deferred aQd 

and Unpaid 

Accrued. Premiums. 

I 


All Other. 


Total. 


|$ 19,487,133.91 


$ 7,323,806.89 


8 768,293.60 : | 606,581.65 


$ 45,444.57 


$ 56,092,086.01 


491,525.00 


71,052.30 






705,111.19 


160,792,803.00 

(',2,1100. Oil 

918,855.411 

487,877.93 

85,848.49 

1,433,441.18 

165,500.00 

889,258.25 

183,368,624.91 

170,354,973.41 

1,736,526.90 

14,122,745.nii 

3,851,445.24 


17,718,576.56 

7,784.32 

165,948.72 

423,354.28 

94,944.15 

53,775.85 

223,620.45 

49,672.90 

13,299,316.32 

14,070,177.02 

128,315.69 

777,774.63 

422,549.55 

468,528.18 

157,478.43 

176,149.26 

25,024.23 

473,560.86 

51,346.86 

254,515.10 

1,782,773.13 

426,268.34 

48,353.13 

493,621.99 


2,700,430.54 6,517,450.00 
1,053.12 1 77,897.12 

20.005.49 ' 409,213.95 

16.120.50 ! 62,763.59 
17,464.31 ' 87,908.00 
12,727.81 9,295.21 

120,423.48 85,540.37 

6S,236.19 22,554.19 

2,813,261.15 I 4,660,472.59 

1,680,405.23 4.955.981.00 




304,073,880.35 

184,588.18 
3,395,459.06 
9,125,568.37 
1,013,030.12 
2,094,027.97 
6,791,578.52 
3,018,714.23 
325,753,152.51 
262,196,512.23 


6,884.67 

27,131.11 

1,460,322.14 

8,935.45 

17,690.61 

693.40 

13,701.15 




39,159.80 

403,623.76 

142,304.72 

63,530.71 

10,034.25 

8,288.44 

89.41 

207,074.34 

6,010.88 

176,651.32 

275,551.52 

437,726.90 

68,234.55 

135,457.84 


162,458.15 
1,028,046.85 
230,177.68 
576,093.00 
116,312.84 

67,318.56 

5,277.67 

404,703.46 

93,305.87 
357,682.32 
642,626.63 
339,832.64 
247,567.02 
255,794.94 


136,156.96 
211,382.46 


4,059,372.01 
43,850,982.79 

13,283,007.93 


837,490.53 
324,540.50 


65,137.31 


3,897,223.54 
1,005,386.22 


90,025.84 
54,100.00 

10,082,637.00 


21,478.85 
2,409.91 


1,478,133.51 

205,461.92 

17,793,029.10 


1, .Oil 

3,986,613.08 

17,436,404.25 

177,800.00 

4,792,942.78 

683,013.08 


11,397.86 

32,200.78 


671,370.47 
10,480,451.95 
30,92S,331.52 
26,101,914.42 
8,458,240.80 
16,144,433.47 


208,119.82 
11,784.58 
33,941.02 


597,315,125.68 


59,188,189.14 


10,193,458.97 


22,077,248.78 


, 2,314,812.75 


1,146, S01, 648. 39 



( x x i i i ) 






TABLE No. VIII- 

Showing the Character of the LIABILITIES of the Life Insurance 

ending December 



Name of Company. 



iEtna Life 

American Union 

Bankers Life Insurance Co 

Carolina Benevolent Association -. 
Equitable Life Assurance Society . 

Equity Life Association 

Fidelity Mutual 

Hartford Life 

Life of Virginia 

Maryland 

Michigan Mutual 

Mutual Life of Kentucky 

Mutual Life of New York 

New York Life 

Pacific Mutual 

Penn Mutual 

Phoenix Mutual 

Provident Savings 

Security Mutual Life 

Security Trust and Life 

South Atlantic Life 

State Mutual 

State Life of Indiana 

Sun Life of Canada 

Travelers 

Union Central 

Union Mutual Life 

Washington Life 



Totafs 



Net Reserve. 



|47, 504,083.00 
397, 321 76o 



235, 

2 



1, 

6, 

2, 

200, 

213, 

3, 

37, 

12, 

3, 



15, 

9, 
22, 

22, 

15, 



343,493. 
71,109. 
509,819. 
354,377. 
704,732. 
754,151. 
351,160. 
805,005. 
502,260, 
032,202, 
503,431. 
034,484. 
512,039. 
236,500. 
187,053. 
750., 417, 
4,045. 
866,996. 
390,693. 
808,543. 
860,661. 
345,481. 
766, 170. 
255,021. 



928,702,974.06 



Present Value 

of Matured 

Endowment 

Policies. 



$ 34,598.00 



498,022.00 

1,647.33 

23,256.62 



0,758.41 



Losses and Claims. 



Adjusted and 
Unadjusted. 



$ 244,854.71 



3,000.00 



2,066,425.47 

8,000.00 
163,935.00 
422,050.00 

6,355.00 
20,870.26 



343,259.00 
27,457.00 j 
9,134.10 
47,193:34 



1,352.52 



8,489.02 

1,045,536.00 

26,783.00 

24,952.00 



2,098,438.34 



16,000.00 

1,497,349.09 

1,996,911.18 

30,106.50 

182,406.76 

34,593.00 

113,800.00 

39,500.00 

64,980.00 



43,833.38 
10,000.00 
96,430.79 

883,739.74 
70,280.00 
98,727.42 

126,807.55 



8,241,021.85 



Resisted. 



71,800.14 

~~8~6o6~oo 



138,800.00 

2,000.00 

33,000.00 

6,000.00 



50,811.00 
83,750.00 
19,000.00 



50,500.00 
23,000.00 
31,600.00 



7,000.00 
5,000.00 



98,031.30 
59,948.00 



688,246.44 



(xxiv) 



LIABILITIES. 



Companies (licensed to do business in this State) for year 
31, 1900. 



Unpaid 
Dividends. 


All Other 
Liabilities. 


Total as to 
Policy-hol- 
ders. 


Gross 
Divisible 
Surplus. 


Capital 
Stock. 


Total. 


$ 750,340.38 


$ 2,360,594.38 


8 51,026,876.61 


$ 3,315,209.40 


$ 1,750,000.00 


$ 56,092,086.01 




39,289.01 


447,610.01 


257,501.18 


100,000.00 


705,111.19 






346 195.01 


67.958.00 


238,460,893.48 

82,816.45 

2,773,137.78 

2,245,381.66 

778,298.72 

1,781,455.81 

6,378,209.63 

2,827,205.00 

326,313,152.51 

216,207,261.06 

3,733,169.16 

40,636,491.07 

12,715,223.00 

3,417,735.71 

359,719.76 

895,149.66 

6,194.16 

15,934,181.90 

409,594.82 

9,951,162.73 

26,385,204.71 

22,615,564.29 

7,895,997.76 

15,389,549.03 


65,612,986.87 




304,073,880.35 
88,816.45 




6,000.00 

500,000"00~ 

100,000.00 

100,000.00 

250,000.00 

100,000.00 


194.51 
2,255.65 


42,932.65 

1,460,099.01 

67,211.72 

1,725.49 

19,731.74 

6,200.00 

55,172,543.76 

909,986.52 

180,631.07 

3,010,947.95 

141,134.00 

7,681.61 

62,973.42 

42,152.66 

2,149.16 

15,000.00 

3,143.79 

17,040.36 

1,497,235.93 

101,956.78 

2,075.83 

7,720.48 


622,321.28 
380,186.71 
134,731.40 
212,572.16 
163,368.89 
91,509.23 

2,440,000.00 

45,989,251,17 

126,202.85 

3,214,491.72 
567,784.93 
379,487.83 
645,666.46 
82,983.85 
199,267.76 

1,859,447.20 
261,775.65 
424,289.22 

3,543,126.81 

3,386,350.13 
586,040.24 
791,521.71 


3,395,459.06 
3,125,568.37 
1,013,030.12 


4,709.06 
559.45 


2,094,027.97 
6,791,578.52 
3,018,714.23 


90,182.66 
184,411.36 


525,753,152.51 

262,196,512.23 

4,059,372.01 




200,000.00 


65,393.36 


43,850,982.79 

13,283,007.93 

3,897,223.54 




100,000.00 




1,005,386.22 




500,000.00 


1,478,133.51 




205,461.92 






17,793,629.10 


757.56 




671,370.47 


20,659.45 


105,000.00 

1,000,000.00 

100,000.00 


10,480,451.95 
30,928,331.52 
26,101,914.42 
8,482,038.00 
16,181,070.74 


11,109.51 
4,072.51 


125,000.00 






1,480,840.47 


65,230,115.32 


1,006,442,236.48 


135,288,074.65 


5,036,000.00 


1,146,766,311.13 



( X X V ) 



TABLE No. IX- 
Showing RECEIPTS of Life Insurance 



Name of Company. 



*^Etna Life 

American Union 

Bankers Life Insurance Company. 
Carolina Benevolent Association _. 
Equitable Life Assurance Society _ 

Equity Life Association 

Fidelity Mutual 

Hartford Life 

Life of Virginia 

Maryland 

Michigan Mutual 

Mutual Life of Kentucky 

Mutual Life of New York 

New York Life , 

*Pacific Mutual 

Penn Mutual 

Phoenix Mutual 

Provident Savings 

Security Mutual Life 

Security Trust and Life 

South Atlantic Life 

State Mutual 

State Life of Indiana 

Sun Life of Canada 

*Travelers 

Union Central 

Union Mutual Life 

Washington Life 



Totals- 



Premiums. 



8,257,624.59 
535,954.46 



Interest and 
Dividends. 



45,319, 

48, 
2,168, 
2,2iio 
1,087, 

232, 
1,178, 

554, 
47,211, 
48,758, 
1,374, 
8,821, 
2,542, 
3,421, 

777 

680, 

26, 

3,113, 

640, 
2,347, 
6,774, 
4,842, 
1,575, 
2,48S, 



138.69 
315.90 
965.31 

459.86 
272.H2 
211.91 
171.57 
118.56 
171.38 
578.13 
521.52 
538. 65 
092.80 
058.59 
579.37 
969.57 
221.11 
914.14 
968.09 
571I.H2 
400.46 
779.69 
176.25 
817.45 



196,849,145.89 



2,306,273.74 



16,371.65 



10,206, 

1, 

82, 

90, 

40. 

81, 

345, 

195, 

11,728, 

3,276, 

134, 

1,858, 

591, 

89, 

28, 

14, 

3, 

636, 

21, 

416, 

1,229, 

1,411, 

290, 

491, 



405.72 
193.55 
782.29 
767.34 
749.33 
360.26 
705.70 
312.02 
548.26 
705.10 
812.12 
852.81 
753.04 
706.37 
746.27 
959.28 
887.32 
81 15. 14 
354.26 
177.04 
976. S9 
001.11 
009.69 
9S1.34 



35,592,197.64 



♦Receipts from Accident Department included. 



( xxvi) 



RECEIPTS. 

Companies for year ending December 31, 1900. 



Rents. 



36,097.33 



All Other. 



11,050.50 

17,789.54 



Total Receipts. 



Excess of 
Receipts over 

Disbursements. 



10,611,045.16 
572,115.65 



2,677,966.40 
236,970.20 



Excess of 
Disbursements 
over Receipts. 



2,049,262.23 

833.32 

70,317.03 

13.519.09 

2,088.50 

10,129.35 

21,323,36 

21,101.98 

1,062,277.51 

6,830,420.82 

33,409.3S 

193,949.86 

52,667.34 

25,236.98 

608.00 

134,772.39 



105,690.79 



24,233.85 

109,040.99 

30,552. SI 

21,273.58 

277,836.12 



11,127,542.61 



432,324.34 



11,097.29 

39,459.04 

8,057.29 

3,486.25 

11,8411.114 

8,994.98 

580,805.16 

48,814.74 

489,492.71 

61,640.18 

150,180.83 

31,995.45 

13,847.45 

29,989.66 



1,500.00 
2,016.64 
1,236.61 

71.402.82 
4,935.25 

73,422.49 
1,860.83 



2,107,240.99 



58,007, 

50, 

2,333, 

2,344, 

1,139, 

327, 

1,557,- 

779, 

60,582, 

58,914, 

2,032, 

10,935, 

3,204, 

3,567, 

S20, 

860, 

30 

3,S57, 

664, 

2,789, 

8,184, 

6,289, 

1,959, 

3,260, 



130.98 
342.77 
161.92 
205.33 
OCT. 14 
187.77 
041.57 
527.54 
802.31 
518.79 
235.73 
981.50 
212.81 
997.39 
781.09 
710. 90 
108.43 
910.07 
38.99 
226.52 
830.16 
268.86 
882.01 
495.74 



21,508,004.47 

6,534.03 

469,688.70 



40, 

69, 
502, 
174, 

21,136, 

23,788, 

228, 

4,228, 

942, 

690, 

197 

75, 



068.27 
300.00 

949. 53 
514.114 
188.80 
155.85 
050. 13 
258.01 
750. 06 
9G1.41 
442.08 
356.73 



214,219.05 



1,436,379.26 
235,386.70 

1,253,053.85 

2,631 .376.97 

2,711,747.65 

433,192.42 

325,448.33 



6,3S7.90 



245,676,127.13 



86,004,773.89 



220,606.95 



(xxvii) 



TABLE No. X- 
Showing DISBURSEMENTS of Life 



Name of Company. 



*JEtna Life 

American Union 

Bankers Life Insurance Company. 
Carolina Benevolent Association- 
Equitable Life Assurance Society- 
Equity Life Association 

Fidelity Mutual 

Hartford Life 

Life of Virginia 

Maryland 

Michigan Mutual 

Mutual Life of Kentucky 

Mutual Life of New York 

New York Life 

*Pacific Mutual 

Penn Mutual 

Phoanix Mutual 

Provident Savings 

Security Mutual Life 

Security Trust and Life 

South Atlantic Life 

State Mutual 

State Life of Indiana 

Sun Life of Canada 

♦Travelers 

Union Central 

Union Mutual Life 

Washington Life 



Claims 
Paid. 



$ 4,134,839.86 



81,924.03 



16, 
1, 



18 
15, 

2, 

1, 



907,613.01 
14,222.50 
934,957.47 
652,606.88 
379,405.66 
139,688.53 
438,850.93 
226,313.43 
874,292.58 
530,568.47 
330,208.13 
805,388,19 
989,163.64 
312,525.01 
333,530.76 
274,037.64 



Totals . 



982,418.40 
92,000.00 
584,230.80 
735,544.89' 
484,608.34 
747,063.37 
495,871.12 



Paid 
Annuitants. 



668,923.98 



781.91 



1,403,971.83 

1,558,451.70 

3,785.66 

111,317.06 

6,825.73 

1,644.40 



73,910,729.48 



38,070.78 
17,015.86 
16,455.21 
1,311.34 
27,925.43 



3,857,086.89 



For Policies 

Surrendered, 

Etc. 



$ 356,004.82 



19,384.12 



4,907,821.66 

3,640.21 

65,918.17 

3,135,00 

74,710.61 

16,708.52 

134,993.52 

133,034.88 

3,825,532.60 

1,137,019.90 

52,632.82 

691,181.64 

212,432.39 

92,226.07 

1,387.03 

3,618.65 



279,358.69 
1,739.25 
161,594.55 
155,701.14 
197,414.36 
88,077.70 
184,400.18 



12,800,274.55 



♦Disbursements in Accident Department included. 



(xxviii) 



DISBURSEMENTS. 

Companies for year ending December 31, 1900. 



Dividends to 
Policy-holders. 


Dividends to 

Stockholders. 


Commissions. 


Salaries, 

Medical and 

Employees' 

Fees. 


All Other. 


Total. 


8 878,893.59 


8 218,750.00 


$ 1,364,783.95 


S 336,717.36 


$ 843,094.52 


$ 7,933,084.10 


1,988.38 


5,500.00 | 110,194.64 


51,118.22 


65,036.06 


335,145.45 


3,481,646.65 
1,638.45 


7,on0.00 


5,903,097.11 

8,491.22 

325,946.18 

253,936.09 

331,112.66 

27,701.42 

203,638.69 

71,252.74 


1,453,206.97 

9,373.75 

261,036.49 

186,340.42 

207,300.68 

32,528.79 

93,566.01 

51,722.18 

2,600,272.58 

2,898,670.66 

72,221.03 

349,602.59 

194,440.61 

395,163.21 

68,180.99 

54,427.69 

13,335.38 

138,874.76 

72,903.44 

192,751.07 

335,685.17 

231,244.43 

221.581.22 

324,664.78 


3,169,823.13 

6,436.61 
236,222.60 
122,927.20 

74,744.89 

20,917.90 
118,160.24 
112, 513. 3(5 
3,231,814.43 
3,586,976.74 
581,992.03 
735,906.04 
209,944.09 
387,347.32 

85,595.59 
180,898.25 

14,646.03 
234,004.75 

51,178.52 
148,786.42 
694,396.86 
655, 162. 36 
146,335.99 
269,106.37 


36,490,126.51 

43,808.74 


39,392.31 




1,863,473.22 
2,558,424.38 
1,098,998.87 

257,887.77 
1,054,092.04 

604,983.50 


59,478.84 
19,824.37 
13,560.70 
39,982.54 
10,146.91 


280,000.00 

12,000.00 

6,000.00 

25,000.00 


2,258,066.90 

2,828,153.71 

85,788.48 

907,050.50 

144,380.67 

121,199.75 

4,040.56 


_ 


7,252,562.67 

6,586,521.76 

209,707.33 

1,108,277.47 

404,275.62 

587,347.32 

140, 604. OS 

172,371.94 

8,514.92 

374,315.47 

188,249.19 


39,446,613.51 




35,126,362.94 

1,804,185.60 
6 707 723 49 


14,ooo.oi; 


6,977.60 


2,261,462.75 

2,877,035.98 

633,339.01 




785,354.17 

36,496.33 

2,421,530.81 

42S 952 29 




412,358.74 
22.281.89 
59,843.96 






15.750.90 

150,000.00 

10,000.00 

~8~750.0(T 


335.138.03 
1,349,509.28 
708,791.22 
266,976.44 
422,197.16 


1,536,172.67 
5 548 453 19 


273,845.32 

54,943.47 

202,131.37 


3,577,521.24 
1,526,689.59 
2,935,047.41 


12,920,632.06 


759,727.00 


28,715,516.60 


10,853,030.48 


15,984,068.50 


159,801,965.56 



(xxix) 



TABLE No. XI-BUSINESS 
Showing BUSINESS IN NORTH CAROLINA of Life 



Name of Company. 



JEtna Life 

American Union 

Bankers Life Insurance Company 
Carolina Benevolent Association __, 
Equitable Life Assurance Society. 

Equity Life Association 

Fidelity Mutual 

Hartford Life 

Life of Virginia 

Maryland 

Michigan Mutual 

Mutual Life of Kentucky 

Mutual Life of New York 

New York Life 

Pacific Mutual 

Penn Mutual 

Phoenix Mutual 

Provident Savings 

Security Mutual Life 

Security Trust and Life 

South Atlantic Life 

State Mutual 

State Life of Indiana 

Sun Life of Canada 

Travelers 

Union Central 

Union Mutual Life 

Washington Life 



Policies in Force 

at Beginning of 

Year. 



No. 



1,966 
213 



Amount. 



3,234 

604 

780 

573 

36,997 

195 

57 

37S 

2,639 

2,753 

48 

1,397 

1,015 

1,027 

142 

ISO 



Totals 



339 
86 

1,587 
401 

2,251 

26 

263 



59,141 



3,100,175.00 
807,000.00 



6,741, 
843, 

1,357, 

1,427, 

4,051, 

290, 

105, 

488, 

8,2(15, 

6,114, 

109 

3,156, 

1,518, 

2,576, 

326, 

296, 



005.00 
500.00 
306.50 
000.00 
315.00 
725.00 
532.43 
655.00 
315.00 
313.00 
525.00 
800.00 
052.0(1 
000.00 

01111.00 

498.00 



545,523.00 

284,000.00 

526,706.30 

1,204,489.00 

3,167,387.00 

77,751.22 

357,698.00 



47,638,271.45 



Policies Issued 

During the 

Year. 



No. 



867 
"221 



803 

157 

95 

130 

23,473 

91 

106 

33 

590 

473 

95 

650 

30S 

295 

28 

98 

38 

75 

194 

424 

158 

495 

64 

142 



30,113 



Amount. 



$ 1,295,424.00 



868,500.00 



1,661, 
190, 
150, 
321, 

2,391, 
135, 
141, 
52, 
98G, 
936, 
109, 

1,056, 
438, 
624, 
78, 
142, 
54 
123 
412, 
308, 
632, 
721, 
118, 
162, 



243.00 
000.00 
782.50 
000.00 
807.00 
900.00 
612.85 
225.00 
147.00 
130.00 
500.00 
850.00 
320.00 
501.00 
022.00 
209.00 
500.00 
703.00 
000.00 
255.35 
2S3.00 
411.00 
535.00 
567.00 



14,114,427.70 



(xxx) 



IN NORTH CAROLINA. 

Insurance Companies for year ending December 31, 1900. 



Policies Ceased 
During the 


Policies in Force 

December 31, 

1900. 




Losses. 




Total 

Premiums 

Received 

During the 

Year. 


Year. 


Unpaid at Incurred 


Paid 

During the 
Year. 


No. 


Amount. 


No. 


Amount. 


Beginning 
of Year. 


During the 
Year. 


314 


S 542,275.00 


2,519 


$ 3,853,324.00 


S 1,647.00 


8 72,751.00 


$73,686.13 


$ 105,444.91 


103 


408,000.00 


331 


1,267,500.110 








37,927.23 










397 

122 

105 

127 

17,061 

62 

21 


934,457.00 

167,niiii.iii) 

172.IKI1. mi 

326,000.00 

1,549,837.00 

88, Cii in. "ii 

18,507.76 

51,729.00 

406,265.00 

409,699.00 

63,000.00 

393,300.00 

261,827.00 

439.493.00 

110,500.00 

119,387.00 

1,000.00 

49,4( in. On 

696, .00 

266,703.25 

243,000.00 

300,765.00 

19,000.00 

81,118.00 


3,640 

639 

770 

579 

43,409 

244 

142 

385 

2,992 

3.027 

107 

1,846 

1,151 

1.144 

117 

210 

37 

384 

241 

1,299 

2,54.". 

75 

347 


7,467,791.00 

866,500.00 

1,336,088.00 

1,422.000.11(1 

4,893,285.00 

£38,025.00 

198,637. 13 

449,151.51 

8,785,197.00 

6, 040,744.00 

156,025.00 

3,821,350.00 

1,094,545.00 

2,761,008.00 

293,522.00 

319,320.00 

53,500.00 

619,826.00 

583,000.00 

568,258.40 

1,594,772.00 

3,588.033.00 

147. 

439,147.00 


2,100.00 
50o. on 
4,000.00 
5,000.00 
3,689.00 
1,000.00 


161,562.00 

6, i.oo 

23,800.12 

73,500.00 

71,195.00 

5,000.00 


63,173.00 
2,500.00 

20. son. 12 
04,0110.00 
74,529.00 

6,000.00 


225,589.60 
15,188.00 
39,257.35 
42,281.82 

100.732. (Mi 

10,460.90 

5,865.89 


26 

237 

199 

36 


5,340.00 


3,04(1.00 
73,795.75 
88,553.68 


3,640.00 
73,795.75 
68,093.68 


12,208.10 
217,772.80 

227,440.72 
5,621.59 


201 
172 


3,000.00 


36,786.76 

9,033.00 
32,000.00 

2,00(1.110 
2,500-00 


23,755.00 
9,033.00 

34,000.00 
2,000.00 
4,500.00 


124,215.08 

58,968.96 

81,555.68 

5,162.54 


178 
53 


4,000.00 


68 

1 


2,000.00 


4,500.00 

875.37 


30 
39 




2,335.95 

l.Ooo. no 
12,268.17 

6,559.12 
20,175.00 

1,000.00 

6,536.90 


2,335.95 
1,000.00 

12,384.67 
7,559.12 

18,175.00 
1,000.00 
6,336.90 


20,973.85 
12,703.57 


712 

93 

201 


700.30 
2,000.00 


17,542.66 

29,828.73 

123,776.93 


15 
58 




4,213.79 
15,381.60 










20,631 


8,177,864.01 


68,726 


54,147,835.56 


39,982.30 


652,038.45 


578,341.32 


1,624,469.75 



(sxxi) 



STATISTICAL TABLES 

RELATING TO FRATERNAL 
ORDERS. 



TABLE No. XII- 
Showing INCOME, DISBURSEMENTS, ASSETS AND 



Name of Company. 



American Guild 

Ancient Order Amoreans 

Anvil 

Bankers Union of the World 

Endowment Rank Knights of Pythias 

Family Protective Union 

Fraternal Union of America 

Fraternities Accident Order 

Improved Order Heptasophs 

Knights of Honor 

Knights of Kadosh 

Knights and Ladies of Honor 

Knights of Harmony 

Knights of Mystic Chain 

Knights Templar and Masons 

Masonic Mutual Relief 

National Union 

Order of Columbus 

Royal Arcanum 

Royal Benefit Society 

Royal Circle 

Sovereign Camp Woodmen of the World- 
Supreme Ruling Fraternal Mystic Circle 

Union Indemnity League 

United States Benevolent Society 



Receipts. 



From 
Members. 



$ 114,908.29 



Totals . 



3.699.02 

66,456.07 

1,497,476.41 

12,611.63 



43,511.82 
1,146,514.15 
3,545,785.28 

8,370.95 
1,365,469.31 



Miscella- 
neous. 



$ 32,069.70 



15,310.51 

29,844.25 

50.45 



2,9S9.72 

439,723.94 

31,811.43 

1,624,378.13 



6,767,173.84 
34,487.63 



1,978,555.26 

242,300.28 

6,803.50 



18,933,026.66 



218.46 
3,593.53 
S, 288. 28 
5,405.38 
5,902.84 



758.35 

21,980.11 

3,722.06 

2,664.71 



59,808.82 

9.00 



76,097.52 
19,096.36 

225.00 



285,045.33 



Total 



$ 146,977.99 



3,699.02 

81,766.58 

1,527,320.66 

12,662.08 



Dis- 



To 
Members. 



$ 92,025.35 



2,000.00 

28,902.11 

1,356,217.25 

2,687.62 



43,730.28 
1,150,107.68 
3,554,073.56 

13,776.33 
1,371,372.15 



3,748.07 

461,71)4.05 

35,533.49 

1,627,042.84 



6,826,982.66 
34,496.63 



2,054,652.78 

261,396.64 

7,028.50 



19,218,071.99 



15,661.46 

1,042,616.44 

3,433,877.29 

1,725.92 

1,267,885.20 



224.(10 

335,847.79 

26,313.05 

1,502,150.00 



6,277,075.15 
11,003.40 



1,702,774.55 

193,590.32 
4,283.25 



17,273,830.15 



(xxxiv) 



FRATERNAL ORDERS. 

LIABILITIES for year ending December 31, 1900. 



BCESEMENTS. 



Miscel la- 



Total. 



• - 138,578.81 



Assets in Funds. 



Mortu- 
ary. 



Reserve. 



$41,202.72 3 60,936.01 



Emergency. 



Expense. 



Total 
Assets. 



Total 
Liabilities. 



S 



241.80 S 153,824.18 



S 41,750.00 



5,779.42 
52,337.62 

1311,709.93 
9,Hi7.7n 



7,77:i. 42 

81, 239. 73 

1,495,927. 18 

11,795.32 



194,194.86 
1,169.53 



724.40 



267.00 



31,613.12 
248.42 



5,101.47 . 
24,435.80 
644,969.12 
2,409.35. 



3,584.00 
419,161.14 



26,386.110 
332.94 

92,377.20 

7,238.64, 

123,631.56 

25.50 

3,32 

67.309.51 

8, 822. 4i: 

122,099.81 



42, 047.4C 

1,142,449.38 

3,526,254. 19 

8,964.56 

1,391,519.76 

25.50 

3,547.65 

403,157.30 

35, 13.-.. 51 

1,624,249.81 



7,519.68|. 
28,142.95 

147.22. 

108,382.49'. 



32,694.36 



139.53 



46,999.39 
1,925.73' 

314.55 
17,923.49 



195.05 



110,716.05 



385,788.56 
129,407.17 



208.40 



18,691.12 



12,765.63 

130,892.35 

361,890.19 

2,211.51 

126,305.98 

24.5H 

703.45! 

475,335.27 

17,021.71 

377,407.17 



62,000.00 

220,900.97 

1,749.74 

111,129.28 



89,546.71 

8,524.01 
248,000.00 



162,073.84 
21,523.13 



6,439,148.99 
32,524.53 



273,811.86 



1,395,593.40 137,739.90 2,582,307.32 
I 3,411.26 4,211.26 



775,162.10 
3,411.26 



842,049.04 
57,722.63 

2,784.5o 



1,944,793.59 

251,312.95 

7,067.75 



6,476.13 71.946.67 — 



189.53 



543,570.90 
126,653.04 

5S5.42 



217,320.90 

74,903.04 



1,310,691.54 18,584,521.69 



672,258.541 166,301.44 

I 



1,911,195.72 259,506.71 5,592,625.621 2,277,143.15 



(xxxv) 



TABLE No. XIII- 
Showing EXHIBIT OF CERTIFICATES 



Name of Company. 


In Fokce December 
31, 1899. 


Issued 


During 1900. 




No. 


Amount. 


No. 


Amount. 


American Guild . . 


4,156 


$ 5,151,000.00 


1,831 


$ 1,936,500.00 


Ancient Order Amoreans . _ . 


Anvil _ _ 






489 

13,097 

11,324 

1,151 


928,500.00 


Bankers Union of the World 


5,956 

60,522 

1,399 


5,234,400.00 

108,389,500.00 

1,239,500.00 


13 187 750 00 


Endowment Rank Knights of Pythias. 

Family Protective Union . 


16,051,000.00 

838 500 00 


Fraternal Union of America . 




Fraternities Accident Order . 


5,355 

52,830 

66,863 

341 

51,799 


17,303,000.00 

89,384,000.00 

IIS, 496, 000.00 

510,500.00 

61,660,000.00 


4,290 
9,401 
3,125 
2,943 
8,955 


In 123 500 00 


Improved Order Heptasophs 


13,195 000 00 


Knights of Honor __ _ _ 


3 9 95 5O0 00 


Knights of Kadosh . _ 


4,698,500.00 


Knights and Ladies of Honor 


7,764,000.00 


Knights of Harmony . 


Knights of Mystic Chain . __ _______ 










Knights Templar and Masons 


6,603 

1,247 

53,039 


20,103,250.00 

1,247,000.00 

138,977,000.00 


727 

263 

9,847 


1,703.500.00 


Masonic Mutual Relief 


263,000.00 
15,306,Oi«i.OO 


National Union .. . _ 


Order of Columbus _____ _ 


Royal Arcanum . 


193,868 
2,815 


539,920,500.00 
714,040.00 


24,086 
4,357 


40,777,500.00 
657,525.00 


Roval Benefit Society 






Sovereign Camp Woodman of the World 

Supreme Ruling Fraternal Mystic Circle 

Union Indemnity League 


113,473 

11,875 

1,182 


199,067,300.00 
20,318,500.00 


38,671 
3,296 
1,658 


52,972,100.00 
3,888,500.00 


United States Benevolent Society. . 














Totals __ 


653,323 


1,327,755,090.00 


isfl.sn 


187,4S9 875.00 












(xsxvi) 






FRATERNAL ORDERS. 

for year ending December 31, 1900. 



Term 


i.nated During 
1900. 


In Force December 
31, 1900. 


] 


NCREASE. 


Decrease. 


No. 


Amount. 


No. 

4,634 


Amount. 


No. 


Amoum. 


No. 


Amount. 


1,353 


$ 1,492,000.00 


S 5,595,500.00 


478 


8 444,500.00 





$ 


107 


294,500.00 
1,128,400.00 
8,077,000.00 

928,000.00 


382 

12,851 

60,561 

1,437 


634,000.00 

17,293,750.00 

116,363,500.00 

1,145,000.00 










1,202 


11,895 

6,039 

38 


12,059,350.00 
7,974,000.00 






5,285 






1,113 




94,500.00 









2,934 


8,185,500.00 

10,885,0011.00 

16,628,000.00 

911,500.00 

12,212,000.00 


6,711 
55,102 
59,932 

2,602 
49,785 


19,241,000.00 

91,694,000.00 

105,136,500.00 

4,297,500.00 

57,212,000.00 

- . - 


1,356 
2,272 


1,938,000.00 
2,310,000.00 






7,129 






10,056 

682 


6,931 


13,359,500.00 


2,261 


3,787,000.00 




10,969 




4,448,000.00 
















1,096 


3,408,500.00 

156,000.00 

9,391,000.00 


6,234 

1,354 

58,152 


18,398,250.00 

1,354,000.00 

144,892,000.00 






369 


1,705,000.00 


156 


107 
5,113 


107,000.00 
5,915,000.00 


4,734 










7,880 


21,873,ooii.i'0 
557,490.00 


210,074 
4,352 


558,825,000.00 
814,075.00 


16,206 
1,537 


18,904,500.00 
100,035.00 






2,820 












22,307 


32,208,200.00 
2,990,416.67 


129,837 

12,889 

1,194 


219,831,200.00 
21,216,583.33 


16,364 

1,014 

12 


20,763,900.00 
898,083.33 






2,282 






1,646 






























73,781 


131,326,506.67 


679,083 


1,383,943,858.33 


64,992 


76,191,368.33 


9,314 


19,007,000.00 



■ xxr.viw, 



TABLE No. XIV— 
Showing BUSINESS IN NORTH CAROLINA 



Name or Company. 


certificates in force 
December 31, 1899. 


Certificates Issued 
in 1900. 




No. 


Amount. 


No. 


Amount. 


American Guild _ . _ 


140 


$ 264,000.00 


23 


$ 23,500.00 


Ancient Order Amoreans . 


Anvil— . __ _ 










Bankers Union of the World.. 










Endowment Rank Knights of Pythias 

Family Protective Union 


1,254 
91 


2,442,000.(10 
91,000.00 


118 

61 


170,000.00 
58 500 00 


Fraternal Union of America . 




Fraternities Accident Order _ _ 










Improved Order Heptasophs _ __. 


951 

1,005 


1,808,000.00 
1,962,000.00 


172 

3 

209 

49 


314 000 00 


Knights of Honor . ._ 


4,000.00 
389,500.00 


Knights of Kadosh ... _ 


Knights and Ladies of Honor _ 


339 


537,500.00 


49 son 00 


Knights of Harmony 


' 


Knights of Mystic Chain ._ . 








Knights Templar and Masons 

Masonic Mutual Relief. 


852 

1 

238 


2,037,498.00 

1,0110.00 
493,000.00 


25 

8 

353 


37,000.00 
8,000.00 


National Union. _. .... 


561,000.00 






Royal Arcanum 


1,808 
688 


5,193,500.00 
161,425.00 


236 
425 


470,000.00 
65,425.00 


Royal Benefit Society _ . 


Royal Circle _ 


Sovereign Camp Woodmen of the World 

Supreme Ruling Fraternal Mystic Circle 

Union Indemnity League _ _ 


838 
320 
358 


1,662,300.00 
710,000.00 


157 

79 
757 


241,200.00 
116,000.00 


United States Benevolent Society 
















Totals _ . ... 


8,943 


17,363,223.00 


2,675 


2,510,625.00 







(xxxviii) 



FRATERNAL ORDERS. 

for year ending December 31, 1900. 



Certificates Termina- 
ted IN 1900. 


Certificates in Force 
December 31, 1900. 


Assessments 
Collected. 


Losses. 


No. 


Amount. 


No. 


Amount. 


Incurred. 


Paid. 


27 


S 34,500.00 


136 


$ 253,000.00 


$ 3,669.91 


$ 4,000.00 


$ 4,000.00 




















110 

28 


175,000.00 
24,000.00 


1,262 
124 


2,437,000.00 
125,500.00 


27,959.30 
490.55 


24,000.00 
205.00 


26,000.00 
205.00 






24 
984 
901 
206 
304 


87,000.00 

1,881,000.00 

1,654,500,00 

383,500.00 

478,000.00 


194.10 
17.859.60 
56,965.35 

266.11 
15,227.98 


35.70 
18,000.00 
50,000.00 


35.70 
16,000.00 
56,000.00 


139 

167 

3 


241,000.00 

312,000.00 

6,000.00 

102,000.00 


84 


17,000.00 


18,000.00 
















79 


180,000.00 


798 

9 

496 


1,894,498.00 

9,000.00 

928,000.00 




19,000.00 


8,000.00 




68.97 
5,829.26 


95 


126,000.00 


13,000.00 


16,000.00 


92 

286 


264,000.00 
57,150.00 


1,952 
827 


5,399,500.00 
169,700.00 


68,146.19 
8,541.82 


90,000.00 
1,201.00 


96,000.00 
826.00 


83 

31 

615 


149,800.00 
61,500.00 


912 
368 
500 


1,753,700.00 
764,500.00 


13,995.32 
7,475.86 
1,283.50 


10,600.00 

6,000.00 

730.65 


16,400.00 
3,000.00 










1,839 


1,732,950.00 


9,803 


18,218,398.00 


22S,072.82 


253,772.35 


260,466.70 



(xxxix) 



STATISTICAL TABLES 

RELATING TO ACCIDENT, CASUALTY, FIDELITY 
AND SURETY COMPANIES. 



TABLE No. XV- 

Showing ASSETS of Fidelity and Casualty 



Name of Compatjy. 


Real Estate. 


Loans, 
Bonds and 
Mortgages. 


Bonds and 

Securities 

Owned. 


*JEtna (Accident Department) _ 


$ . 




" 150~56iT86~ 
18,583.76 
69,700.00 


$ 


American Bonding and Trust Co. .- . . 


23,404.44 

3,028,217.16 

657,100.00 


940,210.25 
1,156,437.50 

437,790.50 
1 281 853 75 


American Surety of New York _ 


City Trust, Safe'Deposit and Surety Co. 

Employer's Liability 


Fidelity and Casualty 


_ . . . 

567,737.29 




2,880,483.25 
3,364,357.00 
1 8'?1 365 00 


Fidelity and Deposit of Maryland . 


600,000.00 




Hartford Steam Boiler _. 


30,712.00 


458,450.00 


Maryland Casualty _ 


1,244,522.45 

1,256,050.00 

337 685 00 


National Surety Co. __ _ . 


11,225.00 


13,704.39 
2,500.00 


New York Plate Glass Insurance Co. _ 


Preferred Accident 




637 145 00 


Standard Life and Accident . 


87,930.43 


255,687.00 


522,031.00 


♦Travelers (Accident) 


United States Fidelity and Guaranty . __ ._. 


138,467.04 


300.00 


876,541.75 




Totals.. 


5,143,853.16 


969,489.01 


16,757,472.45 





♦Assets shown in Life Tables. 



(xlii) 






ASSETS. 

Companies for year ending December 31, 1900. 



Collateral 
Loans. 



271,785.61 
644,211.57 

1,329,597.24 



603,850.00 
32,000.00 



Cash. 



84, 105. 3! I 
263,930.37 
669,899.90 

34,678.91 
143,098.92 
319,584.71 
150,068.37 
117,337.03 

67,967.70 

25,509.77 
170,748.46 

96,702.47 



Interest and 

Rents Due 

and Accrued. 



17,640.58 

13,051.52 

23,943.00 

10,134.58 

3,739.71 

~12,616.93 
4,430.00 
8,416.72 

2,788.15 
12,049.10 



Unpaid 
Premiums 



Miscellaneous. 



60,073. 

93,081. 

9,330. 

224,716. 

341,156, 

97,372. 
223,391. 
256,1111. 

43,9-^3. 

30,821. 

88,550. 
180,822. 



93 
60 
35 
36 
43 
08 
28 
60 
75 
18 
00 
63 



93,223.61 

150,994.33 



4,423.48 
99,853.85 
75,254.09 



Total. 



1,641 
5,217, 
3,348, 
1,551, 
3,936, 
4,381, 
2,701, 
2,326, 
1,608, 
396, 
899, 
1,155, 



065.67 
513.48 
355.32 
383.60 
215.60 
313.79 
027.06 
095.53 
541.65 
516.25 
231.61 
222.63 



790,789.00 


266,740.52 


10,603.66 


172,755.86 





2,256,197.83 


3,672,233.42 


2,410,373.12 


119,413.15 


1,822,098.35 


423,749.36 1 


31,318,680.02 



(xliii) 



TABLE No. XVI- 
Showing LIABILITIES of Fidelity and Casualty 



Name of Company. 



Total Claims 






— *■ — 
c ® « 






♦..Etna (Accident Department) 

American Bonding and Trust Co. 

American Surety of New York 

City Trust, Safe Deposit and Surety Co.. 

Employer's Liability 

Fidelity and Casualty 

Fidelity and Deposit of Maryland 

Hartford Steam Boiler 

Maryland Casualty 

National Surety Co 

New York Plate Glass Insurance Co 

Preferred Accident 

Standard Life and Accident 

*Travelers (Accident) 

United States Fidelity and Guaranty 



17,2-20.00 
- 120,282.00 



Totals 



14,428.02 



78,000.00 
41,570.00 



319,155.00 
557,900.00 



178,084.30 



137,900.00 



$ 



22,450.04 






to 



24,803.47 
291,616.17 

62,525.90 
465.00 

28,747.23 
155,163.09 



1,055.00 



271,500.02 1,193,039.30; 23,505.04 



275.00 
43,542.14 



10,568.99 



4,332.62 
~3~253.58 



30,271.34 



637,409.34 18,155.19 



♦Liabilities shown in Life Tables. 



(xliv) 



LIABILITIES. 

Companies for year ending- December 31, 1900. 



Unpaid. 



<b a. 

— _ « 

■- c a 
5." « 

CD J 



S 



1,132.34 ___ 



17,851.85 
2,238.00. 



o 



24,803.47 
291, CIO. 17 

62,525.90 
336,840.00 
741,08(1.60 
155,163.09 

17,851.85 
199,357.94 

43,542.14 
3,253.58 

78,000.00 
ISO, 525. 00 



a. 

s« 

Eh 



< 



a. 



210, 
592, 
129, 
644, 

,859, 
650, 

,561, 
673, 
263, 
128, 
430, 
506, 



408. 
251 . 
824. 
565. 
134. 
248. 
434. 
725. 
987. 
090. 
066, 
484. 



30 1 
67 — 
89 2, 
511 
49! 
39 1 — 
36.. 
49! 
48 
93 1 
78 
75 



3,143. 



395,730. 

11,268. 

193,004 



25 1 1 

— I 2 
97 
4<; 
38 
1 



25,029. 
108,687. 

7,096. 

2,723. 
12,851. 



,000,000. 
,500,000. 

500,000. 

200,000. 

250,000. 
,500,000. 

500,0110. 

750,000. 

500,000. 

100,000. 

♦00,000. 

250,000. 



a. 
CD 



00 403, 
00 1,833, 
260, 
358, 
892, 
2,075, 
621. 



677, 
592, 
158, 
188, 
205, 



676.65 
645.64 
273.56 
709.63 
996. IS 
902.31 
740.85 
982.35 
324.62 
075.45 
441.48 
361.52 



o 



1,642, 
5,217, 
3,348, 
1,551, 
3,936, 
4,381, 
2,701, 
2,326, 
1,508, 
396, 
899, 
1,155, 



031.67 
513.48 
355.32 
383.60 
215.60 
313.79 
027.06 
095.5.3 
541.65 
516.25 
231.61 
222.63 



30,271.34 



461,358.60 



1,500,000.00 



264,567.89 2,256,197.83 



21,222.19 2,164,831.08 



8,111,581.64 



2,759,535.22 9,750,000.00 



8,533,698.08' 31,319,646.02 



(xlv) 



TABLE No. XVII- 
Showing RECEIPTS of Fidelity and Casualty 



Name of Company. 



Premiums 



Accident. 



Employer's 
Liability. 



Burglary. 



1,220,490.53 

1,377,229.80 



.Etna (Accident Department) $1,106,408.53 8 

American Bonding and Trust Co. 

American Surety of New York 

City Trust, Safe Deposit and Surety Co 

Employer's Liability ." 151,090.98 

Fidelity and Casualty 1,113,283.24 

Fidelity and Deposit of Maryland 

Hartford Steam Boiler 

Maryland Casualty 177,920.6(5 1,103,998.30 

National Surety Co. 

New York Plate Glass Insurance Co 

Preferred Accident 1,087,558.03 

Standard Life and Accident 733,007.73 445,650.03 



297,418.84 



Travelers (Accident Department) 

United States Fidelity and (xuaranty 



Totals 7,824,361.73 4,147.378.26 



3,455,092.56 



Fidelity 
and Surety. 



381,510.19 
986,966.39 
222,607.38 
22,065.84 
290,884.99 
1,138,262.47 



558,746.78 



9,587.11 



I 



307,oo.-,.:).-, 



767,321.81 



4,368,265.85 



(xlvi) 



RECEIPTS. 

Companies for year ending December 31, 1900. 



Received. 


Rents, 

Interest and 

Dividends. 


All other. 


Total 
Receipts. 


Plate 
Glass. 


Steam 
Boiler. 


Sprinkle 

and 
Leakage. 


Total Premi- 
um Income. 


8 


• 


S 


S 1,106,408.53 

381,510.19 
986,696.39 
222,607.38 

1,393,647.35 

3,572,502.36 

1,138,262.47 

1,148,040.14 

1,447,419.04 

558,746.78 

248,079.29 

1,087,558.03 

1,178,667.36 

3,455,092.56 

776,808.92 


$2,342,370.07 

55,638.17 

264,684.84 

113,199.90 

52,503.91 

161,450.33 

174,124.75 

115,899-16 

76,880.87 

40,588.22 

12,193.14 

20,641.50 

34,347.93 


3 11,050.50 
31,922.36 

103,418.85 
7,887.24 
42,202.36 
12,305.00 
73,743.53 
24,336.75 
56,920.14 
58,205.24 
156.35 


S3, 459,829. 10 
469,070.72 






1,355, 0711. us 






343,694.52 






1,488,353.62 


213 805.15 


279,880.34 




3,746,257.69 






1,386.130.75 




1,148,040.14 

67,577.39 




1,288,276.05 


69,515.04 


28,407.65 


1,581,220.05 
657,540.35 


248,079.29 






260,428.78 






1,108,199.53 








65,000.00 


1,278,015.29 








3,455,092.56 








62,097.97 


30,544.20 


869,451.09 










531,399.48 


1,495,497.87 


28,407.65 


18,702,316.79 


3,526,620.87 


517,692.52 


22,740,630.18 



(xlvii) 



TABLE No. XVIII- 
Showing DISBURSEMENTS of Fidelity and Casualty 



Name of Company. 



Mtna. (Accident Department) 

American Bonding and Trust Co. 

American Surety of New York 

City Trust, Safe Deposit and Surety Co. . 

Employer's Liability 

Fidelity and Casualty 

Fidelity and Deposit of Maryland 

Hartford Steam Boiler 

Maryland Casualty 

National Surety Co. 

New York Plate Glass Insurance Co. 

Preferred Accident 

Standard Life and Accident 

Travelers (Accident Department) 

United States Fidelity and Guaranty 



Totals 3,061,629.95 1,707,927.19 



Losses 



Accident. 



$ 453,571.89 



61,807.85 
402,483.38 



Employer's 
Liability. 



516,570.75 
673,627.69 



78,943.32 325,121.39 



348,386.45 

336,180.42 

1,378,256.64 



192,607.36 



Burglary. 



109,874.25 



25.00 



109,899.25 



Fidelity 

and 
Surety. 



83,699.70 
385,285.05 

42,581.21 
8,787.48 

29,750.61 
371,259.86 



95,129.61 



188,415.09 



1,204,908.61 



( xlviii) 



DISBURSEMENTS. 

Companies for year ending December 31, 1900. 



Paid. 



Plate 
Glass. 



Steam 
Boiler. 



Sprinkler 

and 
Leakage. 



$ 



Total 

Losses 

Paid. 



453,571.89 

83,099.70 

385,285.05 

i : 42, 58 1.21 

■ 587,166.08 

95,238.55i 56,853.96 1,367,828.44 

! 371,259.86 

[109,331.531 

14,130.63 3,424.92 



28,410.29 
129,341.09 



252,989.93 



109,331.53 
450,030.55' 
95,129.61 
129 ,-341. 09 
34S,386.45 
528,787.78 
1,378,256.54 
188,440.09 



Dividends. 



Salaries 
and Com- 
■ missions 
Officers and 

Agents. 



$ 43,750, 

60,000, 

200,000, 

30,030, 



00 

cm 
00 i 
001 



50,000, 
262,447. 

so, c , 

89,970. 

50,000. 
10,00(1. 
12,000. 
10,000. 



f 427 
154 
436 
183 
384 

1,482 
408 
830 
627 
229 
113 
482 



75,000.00 



,165.00 
,868.14 

,949.15 
,665.04 

,9X1.76 
.020.41 
,990.50 
,090.73 
,400.86 
,911.93 
,249.75 
,177.27 
,999.65 



345,791.36 



180,316.12 3,424.92 6,520,095.97 973,197.751 6,552,267.55 



All Other. 



83,727.69 
111,716.11 
258,505.48 

56,310.39 
229,729.55 
527,449.42 
179,816.43 
103,428.80 
197,168.14 
147,519.21 

22,590.97 
128,810.22 

99,927.20 



174,433.12 



Total 
Disburse- 
ments. 



SL oc is, 

410, 

1,280, 

312, 

1,211, 

3,430, 

1,222, 

1,122, 

1,364, 

522, 

275, 

971, 

1,071, 

1,378, 

783, 



214.58 
283.95 
739.68 

586.64 
87 7.: 39 
304.27 
514.29 
851.06 
569.81' 
560.75 
181.81 
373.94 
714.63 
256.64 
664.57 



2,321,132.73 16,366,694.00 



(xlix) 



TABLE No. XIX— 
Showing RISKS and PREMIUMS of Fidelity and 



Name of Company. 


Accident. 


Employee's Liability. 


Btm- 


Amount. 


Premiums. 


Amount. 


Premiums. 


Amount. 


.fEtna (Accident Department) . 


8 339,017,183.33 


1,132,087.33 


$ 


$ - — 


ft..... 












:_.::::::::: 






Oity Trust Safe Deposit and Surety Co. 








) 




40,803,915.00 
521,172,008.32 


181,350.74 
1,644,876.63 


321, 499, 086. 00 
218,079,333.00 


1,428,884.82 




1,678,224.27: 46,545,363.81 
















77,801,575.00 


236,282.15 


68,857,499.00 


1,325,193.84 






New York Plate Glass Insurance Co. 












575,320,000.00 

144,740,970.00 

639,122,551.00 

. _ _ 


1,125,301.75 
899,746.22 






Standarcl Life and Accident 


51,322,000.00 486.050.00 




Travelers (Accident Department) 






_ _ 


U. S. Fidelity and Guaranty 








2,501,597.96 













Totals — . 


2,294,978,202.65 


5,219,844.82 


659.757.917.00 


4,918,352.93 


49,136,961.77 







RISKS AND PREMIUMS. 

Casualty Companies for year ending December 31, 1900. 



GLABT. 


Fidelity and Surety. 


Plate Glass. 


Steam Boileb. 


Sprinkler Leakage. 


Prems. 


Amount. Prems. 

1 


Amount. 


Prems. 


Amount. 


Prems. 


Amount. 


Prems. 






S . 


8 


S 


$ 




97,980,845.20 450.495.68 






348,251,059.00 

87,399,306.96 

6,063,745.00 

89,722,940.17 

249,046,365.00 


1,197,130.01 

248,276.18 

20,949.98 

352,855.51 

1,135,321.65 










































350,340.67 


10,634,559.04 


252,414.62 


97,392,668.50 


379,041.66 
















133,904,232.00 
«fi san Rim no 


1,212,363.30 
72,894.72 










1,6(6,449.69 


91.659.05 


2 9°5 650 00 


•31 fili >7C 




190,904,741.00 


653,848.88 


' ' 







13,987,373.28 


319,477.20 
















































23,376.77! 232,374,942.31 


961,084.96 




























373,717.44 


1,281,644,944.04 


5,025,962.85 


26,225,382.01 


663,550.87 


257,127,500.50 


1,664,299.68 


2,925,650.00 


31,814.76 



(H) 



TABLE No. XX-BUSINESS 
Showing RISKS and PREMIUMS for 





Accident. 


Employer's Liability. 


Name of Company. 


Amount. 


Premiums. 


Amount. 


Premiums. 




$ 881,000.(1(1 


$ 4,230.14 


$ 


$ 






























208,464.00 
4,465,S75.00 


926.51 
10,840.28 


326,506.00 
1,600.000.00 


1,451.14 




11,787.93 


















799,350.00 


2,991.66 


142,000.00 


1,793.76 
















Preferred Accident - 


2,876,000.00 

959,210.00 

4,653,495.00 


5,561.25 
6,304.94 










Travelers (Accident Department). — 




















Totals — - - - 


14,843,394.00 


30,854.78 2,068,500.00 


15,032.84 







(lii) 



IN NORTH CAROLINA, 
year ending December 31, 1900. 



Burglary. 


Fidelity and Surety. 


Plate Glass. 


Steabi Boiler. 


Amount. 


Premiums. 


Amount. 


Premiums. 


Amount. 


Premiums. 


Amount. 


Prems. 


8 


8 


8 

2~573, 759 7oo" 
1,340,733.00 
93,300.00 


8 
~9jiI727" 
2,525.14 
515.00 


$ 


8 


$ 


8 
































118,960.00 


866.34 


25,250.00 
1,031,250.00 


133.35 
6,133.89 


45,067.10 


1,096.71 


1,179,000.00 


4,523.23 








2,195,000.00 
115,000.00 


12,354.27 


:::::::::::: 








10,792.30 


436.36 


309.05 






1,305,605.00 


3,426.73 










20,853.96 518.91 




































1 










2,184,249.48 


10,626.52 


















118,960.00 


866.34 


8,554,146.48 


39,101.90 


76,713.36 


2,051.98 1 3,489,000.00 


17,186.55 



(liii) 



REPORTS 



OF 



INSURANCE COMPANIES. 



LIFE COMPANIES. 



ABSTRACTS FROM ANNUAL STATEMENTS FILED IN THIS DEPART- 
MENT, SHOWING THEIR TRANSACTIONS FOR THE 
YEAR OF 1900 AND THEIR CONDITION ON 
THE 31ST DAY OF DECEMBER, 1900. 



.ETNA LIFE INSURANCE COMPANY. 

Located at Hartford, Conn. Incorporated 1820. Commenced Business 1850. 
M. G. Bulkeley, President. J. L. English, Secretary. 



Cash capital, $1,750,000. 

Amount of net or ledger assets December 31, 1899 $ 50, 184, 732. 07 

INCOME. 

Premiums on new policies $ 1,342,096.52 

Renewal premiums 5,042,410.20 

Dividends applied to pay running premiums 563,339.94 

Surrender values applied to purchase paid-up insur- 
ance 7,269.29 

Received for annuities 196,100.11 



Total premium income $ 7,151,216.06 

Rents 36,097.33 

Interest on mortgage loans 1,235,860.08 

Interest on collateral loans and premium notes 180,671.30 

Interest and dividends on stocks and bonds 833,182.44 

Interest on other debts due the company 55,111.81 

Profit on sales of real estate and securities 11,050.50 

From all other sources (including Accident Department) 1,107,855.64 

Total income 10,611,045.16 



Aggregate last balance and income $ 60, 795, 777. 23 

DISBURSEMENTS. 

Paid for losses and additions $ 2,363,464.45 

Paid for matured endowments and additions 1,313,709.83 

Installment death claims 4,093.69 



Net amount paid for losses and matured endowments $ 3,681,267.97 

Cash dividends paid policy-holders 315,553.05 

Dividends applied to pay running premiums 563,339.94 

Surrender values paid in cash 152,635.42 

Surrender values applied to pay running premiums 7,269.29 

Surrender values applied to purchase paid-up insurance 196,100.11 

Total paid policy-holders $ 4,916,166.38 

Interest or dividends to stockholders 175,000.00 

Commissions and bonuses paid to agents— new policies, $680, 958. 25; 

renewals, $313,876.25 994,834.50 

Salaries and allowances for agencies 21,042.99 

Salaries of officers and home-office employees 181,069.37 

Medical examiners' fees and inspections 77,389.45 

Taxes od premiums, reserves, municipal and State licenses 204,947.08 

Tax on real estate and investments 9,046.99 

Insurance Department fees and agents' licenses 7,628.20 

Repairs and expenses on real estate 58,541.87 

Rents 29,870.41 



6 Document No. 10. [Session 

Advertising, printing, stationery and postage $ 09,645.83 

Legal expenses 14,837.11 

All other expenses (including disbursements in Accident Depart- 
ment) 1,173,163.92 

Total disbursements $ 7, 933, 084. 10 

Balance $ 52,862,693.13 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 469,080.71 

Loans on mortgages 24,107,274.86 

Loans on collaterals 918,308.67 

Loans to policy-holders on this company's policies 1,904,942.00 

Premium noteson policies in force 461,213.15 

Book value of stocks and bonds 17,632,610.28 

Cash in company's office 76,620.07 

Cash in bank 7,252,186.82 

Bills receivable 43,316.65 

Agents' debit balances 33,316.66 

Total $ 52, 893, 881. 87 

Deduct ledger liabilities — 

Agents' credit balances 8 27,907.57 

All other 3,281.17 

31, 188. 74 



Total net ledger assets $ 52,862,693. 13 

OTHER ASSETS. 

Interest and rents due and accrued 768, 293. 60 

Market value of bonds and stocks over book value 1, 854, 517. 63 

New 
Business. Renewals. 

Gross premiums due and unreported on policies in 

force December 31, 1900 8 395,914.15 8 182,651.58 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 89,321.73 250,954.37 



Totals 8 485,235.88 $ 439,605.95 

Deduct cost of collection of same 242,617.94 20,376.36 



8 242,617.94 8 413,229.59 



Net amount of uncollected and deferred premiums 655, 847. 53 

Total assets $ 56,141,351.89 

Deduct non-admitted assets — 

Loans on personal security $ 20,359.22 

Premium notes, loans or liens, etc 253.67 

Commissions payable to agents on premium notes when paid.. 2,197.63 

Agents' debit balances unsecured 20,455.36 

Total deductions 49,265.88 



Total admitted assets $ 56,092,086.01 



1903.] Document No. 10. 



LIABILITIES. 

Net present value of all policies in force December 31,1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 per 
cent, interest $47,607,567.00 

Deduct net value of risks re-insured 42,884.00 



Net reserve $ 47,564,683.00 

Present value of undue installment policies 34, 598. 00 

Matured endowments due and unpaid $ 73,707.00 

Death losses in process of adjustment or adjusted and not due 102,132.00 

Death losses reported but no proofs received 22,348.00 

Policy claims resisted by the company 11,579.00 

Total policy claims 209,766.00 

Unpaid dividends, etc., due policy-holders 750, 340. 38 

Due^and accrued for salaries, rents, etc 10,000.00 

Premiums paid in advance 19, 400. 00 

Surrender values 6, 963. 00 

Special reserve, in addition to 4 per cent, reserve 1, 934, 000. 00 

Total liabilities, accident business 497, 125. 57 

Liabilities on policy-holders' account $ 51, 026, 876. 61 

Surplus 3,315,209.40 

Capital stock paid up 1,750,000.00 

Total liabilities $ 56, 092, 086. 01 

EXHIBIT OF POLICIES. 

No. Policies. Amount. 

Policies and additions in force December 31, 1899 100,271 $ 168,449,790.00 

Written during 1900 20,241 38,832,178.00 

Revived duringl900 50 160,988.00 

Changed and increased during 1900 172 328,081.00 

Totals - — 120,734 $ 207,771,037.00 

Policies terminated— No. Policies. Amount. 

By death 

By maturity 

By expiry 

By surrender 

By lapse 

By change and decrease 

By not being taken 

Total policies terminated during 1900 8,274 15,178,221.00 

Policies in force December 31, 1900 112,460 3 192,592,816.00 

Policies re-insured 43 268,417.00 



1,484 


$ 2,395,062.00 


987 


1,330,712.00 


183 


• 367,400.00 


1,083 


1,689,748.00 


2,160 


4,513,436.00 


168 


386,756.00 


2,209 


4,495,107.00 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Policies in force December 31, 1899 . 

Written during 1900 

Terminated during 1900 

In force December 31, L900 

Losses unpaid December 31, 1899 __. 

Losses incurred during 1900 

Losses paid during 1900 

Premiums collected during 1900 — 



No. Policies. 


Amount. 


1,966 ! 


5 3,100,175.00 


867 


1,295,424.00 


314 


542,275.00 


2,519 


3,853,324.00 


3 


1,647.00 


46 


72,751.00 


47 


73,686.13 




105,444.91 



8 



Document No. 10. 



[Session 



BANKERS LIFE INSURANCE COMPANY OF NEW YORK. 

Located at New York City. Ke-incorporated 1899. Commenced Business 1869. 
Richard Morgan, President. Charles S. Gaubert, Secretary. 



Cash capital, $100,000. 
Amount of net or ledger assets December 31, 1899 

INCOME. 

Premiums on new policies $ 140,362.97 

Renewal premiums 393,557.31 

Dividends applied to pay running premiums 1,988.38 

Surrender values applied to purchase paid-up in- 
surance 45.80 

Total premium income $ 535,954.46 

Interest on mortgage loans 3,280.00 

Interest on collateral loans and premium notes 474.04 

Interest and dividends on stocks and bonds 10,973.92 

Interest on other debts due the company 1,083.71 

Interest on deferred premiums 559.98 

Profit on sales of real estate and securities 1,763.35 

From all other sources 18,037.19 

Total income ! 

Aggregate last balance and income 

DISBURSEMENTS. 

Paid for losses and additions $ SI, 924. 03 

Net amount paid for losses and matured endowments $ SI, 924. 03 

Premium notes voided by lapse 839. SS 

Dividends applied to pay running premiums 1,988.38 

Surrender values paid in cash 841.04 

Surrender values applied to pay running premiums 45.80 

Advance payments applied and returned 1,503.73 

Advance premiums received with applications applied and re- 
turned to rejected applicants 16,993.55 

Total paid policy-holders $ 104,136.41 

Interest or dividends to stockholders 5,500.00 

Commissions and bonuses paid to agents — new policies, $89,167. 44; 

renewals, $21,027.20 110,194.64 

Salaries and allowances for agencies 7,843.06 

Salaries of officers and home office employees 36,855.21 

Medical examiners' fees and inspections 6,419.95 

Taxes on premiums, reserves, municipal and State licenses 2,456.82 

Insurance Department fees and agents' licenses 1,186.41 

Rents 9,584.58 

Advertising, printing, stationery and postage 17,539.69 

Legal expenses 16,056.24 

All other expenses 17,372.44 

Total disbursements 

Balance $ 



$ 420, 311. 93 



572, 115. 65 

$ 992, 427. 58 



$ 335, 145. 45 
657, 282. 13 



1903.] Document No. 10. 9 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Loans on mortgages $ 73,000.00 

Loans to policy-holders on this company's policies 5,110.56 

Premium notes on policies in force 9,202.64 

Book value of stocks and bonds 476,735.61 

Cash in company's office 2,763.74 

Cash in bank 68,288.56 

Bills receivable 1,210.73 

Agents' debit balances 19,910.50 

Furniture and fixtures 1,059.79 

Total net ledger assets $ 657, 282. 13 

OTHER ASSETS. 

Interest and rents due and accrued 865. 21 

Market value of bonds and stocks over book value 14, 789. 39 

New 
Business. Renewals. 

Gross premiums due and unreported on policies in 

force December 31,1900 S 502.29 $ 15,844.19 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 6,676.63 39,814.09 - 

Totals $ 7,178.92 $ 55,658.28 

Deduct cost of collection of same .: 4,307.35 4,174.37 



$ 2,871.57 8 51,483.91 



Net amount of uncollected and deferred premiums 54,355.48 

Total assets $ 727,292.21 

Deduct non-admitted assets — 

Furniture, fixtures and supplies $ 1,059.79 

Agents' debit balances unsecured 19,910.50 

Bills receivable unsecured 1,210.73 



Total deductions 22,181.02 

Total admitted assets $ 705,111.19 

LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 per 
cent, interest $ 397,321.00 



Net reserve $ 397, 321. 00 

Premium notes or loans on policies and other obligations in excess 

of the net value of their policies 1, 879. 55 

Death losses reported but no proofs received $ 3,000.00 

Policy claims resisted by the company 8,000.00 

Total policy claims 11,000.00 

Due and accrued for salaries, rents, etc 24,124.08 

Premiums paid in advance 792. 42 

Special liability on account of deficient premiums 11, 404. 00 

Premiums paid on policies applied for 264. 59 

Agents' credit balances 824.37 

Liabilities on policy-holders' account $ 447, 610. 01 



10 



Document No. 10. 



[Session 



Surplus 












-$ 




257 501 18 


Capital stock paid up 












100, 000. 00 
705 111 19 


Total liabilities 














EXHIBIT OF POI 

December 31, 1899 . 


JCIES. 

No. 


Polici 
5,098 
1,761 
56 




Policies and additions in force 

Written during 1900 . 

Revived during 1900 -_ 


ES. 


$ 


Amount. 
16,103,000.00 
5,144,726.00 
221,600.00 


Totals _ . 




6,915 
958 




$ 


21,469,326.00 


Policies terminated — 
By death _ 




No. Policies. 

52 

17 
726 
163 


$ 


Amount. 
86,800.00 
57,000.00 

2,484,000.00 
524,300.00 


By surrender . 

By lapse 






By not being taken 


luring 
1900 . 




Total policies terminated c 


1900 _ _ 






3,152,100.00 


Policies in force December 31, 




5,957 




18,317,226.00 



GAIN AND LOSS EXHIBIT DURING THE YEAR. 
(Upon basis of Actuaries 1 Mortality and 4 per cent, interest). 
Surplus at beginning of the year f> 

Loading earne"d on premiums of insurance and annuity-- 

Interest, rents, etc., earned $ 16,336.24 

Profit and loss items • 3,493.03 



Cost of insurance 

Reserves released by surrender and lapse, of which $8, 297. 91 was 
from policies upon which three years' premiums had not been 
paid 

Total credits 



Insurance expenses incurred_- 
Investment expenses incurred 



228,134.98 
2,874.06 



Interest required to maintain reserve , 

Death losses incurred 8 

Less re-insurance reserves and compromises on losses, and re- 
serves released by death of annuitants 



86,800.00 
4,118.62 



Surrender and lapse values allowed 

Dividends to policy-holders 

Dividends to stockholders 

Guarantee fund and surplus at end of year- 
Total debits 



163, 987. 76 
163, 124. 39 



12, 843. 21 
245, 443. 84 



11, 541. 39 



$ 596, 940. 59 



231, 009. 04 
13, 187. 96 



82, 682. 38 

5, 071. 65 

1, 988. 38 

5, 500. 00 

257, 501. 18 

-$ 596, 940. 59 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Policies in force December 31, 1899 

Written during 1900 

Terminated during 1900 

In force December 31, 1900 

Premiums collected during 1900 



No. Policies. 


Amount. 


213 


S 807,000.00 


221 


868,500.00 


103 


408,000.00 


331 


1,267,500.00 




37,927.23 



1903.] 



Document No. 10. 11 



EQUITABLE LIFE ASSURANCE SOCIETY OF THE 

UNITED STATES. 

Located at New York City. Incorporated 1859. Commenced Business 1859. 
James W. Alexander, President. William Alexander, Secretary. 



Cash capital, $100, 000. 

Amount of net or ledger assets December 31, 1899 $260, 599, 597. 48 

INCOME. 

Premiums on new policies $ 5.565,331.55 

Renewal premium? 36,554,294.52 

Dividends applied to purchase paid-up insurance — 762,335.51 
Surrender values applied to purchase paid-up insur- 
ance 1,457,983.00 

Received for annuities 980,274.56 

Less amount paid for re-insurance 1,080.45 

Total premium income $ 45,319,138.69 

Rents 2,049,262.23 

Interest on mortgage loans 1,836,301.93 

Interest and dividends on stocks and bonds 6,655,334.44 

Interest on other debts due the company 1,714,769.35 

From all other sources 432,324.34 



Total income $ 58,007,130.98 

Aggregate last balance and income $318, 606, 728. 46 

DISBURSEMENTS. 

Paid for losses and additions $14,823,257.15 

Paid for matured endowments and additions 2,046,660.86 

Paid for installment death claims 37,695.00 



Net amount paid for losses and matured endowments 8 16,907,613.01 

Paid to annuitants 668,923.98 

Cash dividends paid policy-holders- 2,719,305.14 

Dividends applied to purchase paid-up insurance 762,335.51 

Surrender values pai'd in cash 3,449,838.66 

Surrender values applied to purchase paid-up insurance 1,457,983.00 

Total paid policy-holders $25,965,999.30 



Interest or dividends to stockholders 7, 000. on 

Commissions and bonuses paid to agents — new policies, $2,537,490.15; 

renewals, $2,342,426.33; annuities, 829,374 61 4,909,291.09 

Salaries and allowances for agencies 284,150.92 

Salaries of officers and home office employees 770,282.48 

Medical examiners' fees and inspections 398,773.57 

Taxes on premiums, reserves, municipal and State licenses 373, 275. 9S 

Taxes on real estate and investments 367,724.06 

Insurance Department fees and agents' licences 104,607.67 

Repairs and expenses on real estate 549,712.63 

Rents 364,889.18 



12 Document No. 10. [Session 

Advertising, printing, stationery and postage $ 595,566.55 

Legal expenses 275,283.83 

All other expenses 1,522,569.25 

Total disbursements $ 36,499,126.51 

Balance $282,107,601.95 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 38,188,725.12 

Loans on mortgages 45,411,662.86 

Loans on collaterals 25,371,587.00 

Loans to policy-holders on this company's policies 7,372,645.27 

Book value of stocks and bonds ." 147,520,222.00 

Cash in company's office 15 870.31 

Cash in bank 8,942,587.17 

Cash in hands trust company at interest 8,760,119.08 

Agents' balances 524,183.14 

Total net ledger assets $282, 107,601.95 

OTHER ASSETS. 

Interest and rents due and accrued 2, 700, 430. 54 

Market value of bonds and stocks over book value 13, 272, 581. 00 

New 
Business. Renewals. 
Gross premiums due and unreported on policies in 

force December 31, 1900 $ 2,665,705.00 $3,194,910.00 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 324,596.00 2,406,489.00 

Totals $ 2,990,301.00 $5,601,399.00 

Deduct cost of collection of same 1,791,181.00 280,069.00 

$ 1,196,120.00 $5,321,330.00 



Net amount of uncollected and deferred premiums $ 6, 517, 450. 00 

Total assets $304,598,063.49 

Deduct non-admitted assets — 

Agents' balances unsecured $ 524,183.14 

Total deductions 1 524, 183. 14 



Total admitted assets $304,073,880.35 

LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 per 
cent, interest $235,343,493.00 



Net reserve * $235,343,493.00 

Present value of undue installment policies 498, 022. 00 

Matured endowments due and unpaid $ 157,442.13 

Death losses due and unpaid 231,778.45 

Death losses in process of adjustment or adjusted and not due 93,221.42 

Death losses reported but no proofs received 1,529,946.86 

Policy claims resisted by the company 138,800.00 

Due and unpaid on annuities and installment policies 54,036.61 

Total policy claims 2, 205,225.47 



1903.] Document No. 10. 13 

Unpaid dividends, etc., due policy-holders $ 346, 195.01 

Under debenture bonds 67,958.00 

Liabilities on policy-holders' account $238,460,893.48 

Surplus 65,612,986.87 

Total liabilities $304,073,880.35 

EXHIBIT OF POLICIES. 

Policies and additions in force December 31, 1899 

Written during 1900 

Revived during 1900 

Totals 

Policies terminated — No. Policies. Amount. 

By death 4,446 815,305,819.00 

By maturity 406 2,019,434.00 

By expiry 759 2,962,010.00 

By surrender 6,340 22,379,328.00 

By lapse 18,606 55,180,672.00 

By change and decrease 703,642.00 

By not being taken 11,308 46,076,713.00 



No. Policies. 


Amount. 


347,607 


81,054,416,422.00 


66,633 


202,693,601.00 


1,302 


4,392,642.00 


415,542 


81,261,502,665.00 



Total policies terminated during 1900 41,865 144,627,618.00 

Policies in force December 31,1900 373,677 $ 1,116,875,047.00 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Policies in force December 31, 1899 
Written during 1900 

Terminated during 1900 

In force December 31, 1900 

Losses unpaid December 31, 1900 

Losses incurred during 1900 

Losses paid during 1900 

Premiums collected during 1900__. 



No. Policies. 


Amount. 


3,234 8 


6,741,005.00 


803 


1,661,243.00 


397 


934,457.00 


3,640 


7,467,791.00 


3 


2,100.00 


40 


101,562.00 


36 


63,173.00 




225,589.60 



EQUITY LIFE ASSOCIATION OF VIRGINIA. 

Located at Staunton, Va. Incorporated 1888. Commenced Business 1888. 

P. H. Trout, President. E. M. Funkhouser, Secretary. 



Cash capital, $6, 000. 

Amount of net or ledger assets December 31, 1899 $115, 002. 71 

INCOME. 

Premiums on new policies 8 9,665.08 

Renewal premiums 35,074.94 

Dividends applied to pay running premiums 1,638.45 



14 Document No. 10. [Session 

Surrender values applied to purchase paid-up insur- 
ance 7 ® 657 - 30 

Received for annuities 1,280.13 

Total premium income $ 48,319.90 

Rents 833 - 32 

Interest on mortgage loans 637.18 

Interest on collateral loans and premium notes 276.37 

Interest and dividends on stocks and bonds 280.00 

Total income $_ 50, 342. 77 

Aggregate last balance and income $ 165, 345.48 

DISBURSEMENTS. 

Paid for losses and additions $ 14,022.50 

Installment death claims 200.00 

Net amount paid for losses and matured endowments $ 14,222.50 

Premium notes voided by lapse 2,673.87 

Dividends applied to pay running premiums 1,638.45 

Surrender values applied to pay running premiums 657.30 

Surrender values paid in cash 1,708.78 

Surrender values applied to purchase paid-up insurance 1,280.13 

Total paid policy-holders $ 22,181.03 

Commissions and bonuses paid to agents— new policies, $6,035.41; 

renewals, $2,205.91 8,241.22 

Salaries and allowances for agencies 4,455.25 

Salaries of officers and home office employees 4,000.00 

Medical examiners' fees and inspections 918.50 

Taxes on premiums, reserves, municipal and State licenses 447.93 

Taxes on real estate and investments 207.08 

Insurance Department fees and agents' licenses 522.00 

Rents * e00 - 00 

Advertising, printing, stationery and postage 842.00 

Legal expenses 322.30 

All other expenses 1,0 71.43 

Total disbursements 43, 808. 74 

Balance $ 121, 536. 74 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 5,388.32 

Loans on mortgages 14,124.39 

Loans to policy-holders on this company's policies 787.67 

Premium notes on policies in force 8,668.57 

Book value of stocks and bonds 62,000.00 

Cash in company's office.- 373.93 

Cash in bank 7,410.39 

Bills receivable 22,783.47 

Total net ledger assets $ 121. 536. 74 

OTHER ASSETS. 

Interest and rents due and accrued 1,053. 12 

Renewals. 

Gross deferred premiums in force December 31, 1900 $ 8,774.58 

Total S 8,774.58 

Deduct cost of collection of same 877.46 

$ 7,897.12 



1903.] Document No. 10. 15 

Net amount of uncollected and deferred premiums $ 7, 897. 12 

Total assets $ 130,486.98 

Deduct non-admitted assets- 
Premium notes or loans and net premiums in excess of re- 
serve on policies 8 1,754.92 

Agents' debit balances unsecured 6,943.88 

Bills receivable unsecured 7,200.00 

Total deductions 15, 898. 80 

Total admitted assets $ 114, 588. 18 

LIABILITIES. 



71,169.12 



Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 
per cent, interest 8 

Net reserve ' $ 71,169. 12 

Present value of undue installment policies 1, 647. 33 

Death losses in process of adjustment or adjusted and not due $ 2,000.00 

Death losses reported but no proofs received 6,000.00 

Policy claims resisted by the company 2,000.00 

Total policy claims 10, 000. 00 

Liabilities on policy-holders' account $ 82,816.45 

Capital stock paid up 6 * 0Q0 - Q0 

Total liabilities — $ 88,816.45 

EXHIBIT OF POLICIES. 

No. Policies. Amount. 

Policies and additions in force December 31, 1899 1,565 S 2,260,739.00 

Written during 1900____- 374 564,500.00 

Revived during 1900 107 193,000.00 

Totals 2,046 « 3,017,239.00 

Policies terminated— No. Policies. Amount. 

By death - 15 8 24,000.00 



By surrender 29 66,500.00 

By lapse.. 242 447,500.00 

By change and decrease 22 46,017.00 

By not being taken 19 49,000.00 



Total policies terminated during 1900. 



327 633,017.00 



Policies in force December 31, 1900 M 19 8 7,385,222.00 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

No. Policies. Amount. 

Policies in force December 31, 1899 604 $ 843,500.00 

Written during 1900 157 190,000.00 

Terminated during 1900 122 167,000.00 

In force December 31, 1900 639 866,500.00 

Losses unpaid December 31, 1899 X A 500 - 00 

Losses incurred during 1900 5 6,000.00 

Losses paid during 1900 3 2,500.00 

Premiums collected during 1900 15,188.00 

Number of agents working in State for company during year, 6. 



16 Document No. 10. [Session 

FIDELITY MUTUAL LIFE INSURANCE COMPANY OF 

PENNSYLVANIA. 

Located at Philadelphia, Pa. Incorporated 1878. Commenced Business 1879. 
L. G. Fouse, President. W. S. Campbell, Secretary. 



Amount of net or ledger assets December 31, 1899 $2, 603, 874. 78 

INCOME. 

Premiums on new policies $ 439,062.46 

Renewal premiums 1,707,178.16 

Dividends applied to pay running premiums 21,739.50 

Surrender values applied to pay running expenses.. 484.54 

Received for annuities 500.65 



Total premium income. $ 2,168,965.31 

Rents 70,317.03 

Interest on mortgage loans 12,963.90 

Interest on collateral loans and premium notes 21,191.46 

Interest and dividends on stocks and bonds 25,599.55 

Interest on other debts due the company 7,019.39 

Interest on deferred premiums 16,007.99 

Profit on sales of real estate and securities 11,023.19 

From all other sources 74.10 



Total income 2,333,161.92 

Aggregate last balance and income $ 4, 937, 036. 70 

DISBURSEMENTS. 

Paid for losses and additions $ 928,009. 11 

Installment death claims 6,948.36 

Net amount paid for losses and matured endowments $ 934,957.47 

Cash dividends paid policy-holders 17,652.81 

Dividends applied to pay running premiums 21,739.50 

Surrender values paid in cash 65,433.63 

Surrender values applied to pay running premiums 484.54 

Total paid policy-holders $ 1,040,267.95 

Commissions and bonuses paid to agents— new policies, $227, 154.25; 

renewals, $83,687.28; annuities, $252.25 311,093.78 

Salaries and allowances for agencies 82,578.78 

Salaries of officers and home-office employees 125,888.^3 

Medical examiners' fees and inspections 52,568.88 

Taxes on premiums, reserves, municipal and State licenses 21,996.07 

Taxes on real estate and investments 15,392.14 

Insurance Department fees and agents' licenses 22,490.85 

Repairs and expenses on real estate 16,188.45 

Rents 47,069.11 

Advertising, printing, stationery and postage 54,300.45 

Legal expenses 15,090.46 

All other expenses 58,547.47 

Total disbursements 1, 863,473. 22 

Balance $ 3,073,563.48 



1903.] Document No. 10. 17 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 1,198,027.35 

Loans on mortgages 229,450.35 

Loans on collaterals 23,986.57 

Loans to policy-holders on this company's policies 210,959.08 

Premium notes on policies in force 93,839.31 

Book value of stocks and bonds 891,486.60 

Cash in company's office 139.(57 

Cash in bank 165,809.05 

Bills receivable 12,949.00 

Agents' debit balances 236,014.82 

Due from other companies 11,009.20 

Due from suspended banks 390.50 

Total $ 3,074,061.50 

Deduct ledger liabilities — 

All other $ 498.02 



498. 02 



Total net ledger assets $ 3,073,563.48 

OTHER ASSETS. 

Interest and rents due and accrued 20, 008. 49 

Market value of real estate over book value 98,038.73 

Market value of bonds and stocks over book value 

New 
Business. Renewals. 
Gross premiums due and unreported on policies in 

force December 31, 1900 $ 95,225.79 $ 39,850.52 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 64,308.89 308,183.65 



Totals $ 159,534.68 $ 348,034.17 

Deduct cost of collection of same 72,252.34 26,102.56 



$ 87,282.34 S 321,931.01 



Net amount of uncollected and deferred premiums 409, 213. 95 

Total assets $ 3,628,193.45 

Deduct non-admitted assets — 

Premium notes or loans and net premiums in excess of re- 
serve on policies-.,, $ 19,985.14 

Suspended banks 390.50 

Commissions payable to agents on premium notes when paid 15,271.03 

Agents' debit balances unsecured 184,13s. 72 

Bills receivable unsecured 12,949.00 



Total deductions 232,734.39 

Total admitted assets _ $ 3,395,459.06 

LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to Actuaries' Table of Mortality, with 4 per 
cent, interest $ 2,512,048.00 

Deduct net value of risks re-insured 2,229.00 



Net reserve $ 2,509,819.00 

Present value of undue installment policies 23, 256. 62 

2 



18 



Document No. 10. 



[Session 



Death losses due and unpaid .— 

Death losses in process of adjustment or adjusted and not due. 

Death losses reported but no proofs received 

Policy claims resisted by the company 



5,000.00 

108,935.00 

50,000.00 

33,(100.00 



Total policy claims $ 196,935.00 

Unpaid dividends, etc., due policy-holders 194.51 

Due and accrued for salaries, rents, etc 33,400.95 

Premiums paid in advance 2, 870. 70 

Surrender values claimable 6,661.00 



Liabilities on policy-holders' account 1 2, 773, 137. 78 

Surplus 622,321.28 

Total liabilities $ 3,395,459.06 



EXHIBIT OF POLICIES. 



Policies and additions in force December 31, 1899- 

Written during 1900 

Revived during 1900 

Changed and increased during 1900 



Totals 

Policies terminated — 

By death 

By expiry 

By surrender 

By lapse 

By change and decrease 

By not being taken 

Total policies terminated during 1900 

Policies in force December 31, 1900 



No. Policies. 




Amount. 


35,226 


8 


77,182,941.00 


8,940 




19,086,146.00 


Tl 




202,305.00 


763 




1,886,928.00 


45,oiil 


% 


98,358,320.00 



No. Policies. Amoitnt. 

396 $ 1,001,898.00 



126 

145 

4,572 

777 
1,192 



243,000.00 

324,081.00 

9,098,210.00 

2,352,096.00 

2,619,850.00 



7,208 



16,239,135.00 



37,793 $ 82,119,185.00 



GAIN AND LOSS EXHIBIT DURING THE YEAR. 

(Upon basis of Actuaries' Mortality and 4 per cent, interest). 

Surplus at beginning of the year $ 

Loading earned on premiums of insurance and annuity 

Interest, rents, etc., earned $ 

Profit and loss items 



159,545.05 
14,686.16 



Cost of insurance 

Reserves released by surrender and lapse, of which $22, 170. 51 was 
from policies upon which three years' premiums had not been 
paid 

Total credits -$ 



680, 923. 36 
859, 298. 76 



144, 858. 89 
956, 075. 48 



98, 660. 51 
2, 739, 817. 00 



Insurance expenses incurred.. 
Investment expenses incurred. 



837,043.37 
34,772.98 



Interest required to maintain reserve 
Annuity payments incurred, $936,363.86 



.$ 936,363.86 



871,816.35 
100, 489. 59 

936, 363. 86 



1903.] Document No. 10. 19 

Surrender and lapse values allowed $ 92, 928. 32 

Dividends to policy-holders 115, 897. 60 

Guarantee fund and surplus at end of year 622,321.28 

Total debits - $ 2,739,817.00 

, BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

No. Policies. Amount. 

Policies in force December 31, 1899 780 $ 1,357,306.50 

Written during 1900 95 150,782.50 

Terminated during 1900 105 172,001.00 

In force December 31, 1900 770 1,336,088.00 

Losses unpaid December 31, 1899 2 4,000.00 

Losses incurred during 1900 13 23,800.12 

Losses paid during 1900 14 27,800.12 

Premiums collected during 1900 26,800.12 

Number of agents working in State for company during year, 12. 



HARTFORD LIFE INSURANCE COMPANY OF 

CONNECTICUT. 

Located at Hartford, Conn. Incorporated 1866. Commenced Business 1866. 

George E. Keeney, President. Charles H. Bacall, Secretary. 



Cash capital $500, 000. 
Amount of net or ledger assets December 31, 1899 $ 2,968, 271. 00 

INCOME. 

Premiums on new policies ,. 3 309,437.20 

Renewal premiums 1,890,608.62 

Dividends applied to pay running premiums \__ 414.04 

Total premium income . $ 2,200,459. SG 

Rents 13,519.09 

Interest on mortgage loans 11,934.73 

Interest on collateral loans and premium notes 4,914.21 

Interest and dividends on stocks and bonds i 21,969.31 

Interest on other debts due the company 50,238.49 

Interest on deferred premiums 1,710.60 

Profit on sales of real estate and securities 421.45 

From all other sources 39,037.59 



Total income 2, 344, 205. 33 

Aggregate last balance and income $ 5, 312, 476. 33 

DISBURSEMENTS. 

Paid for losses and additions '.$ 1,659,649.88 

Deduct re-insurance 7,043.00 



Net amount paid for losses and matured endowments $ 1,652,606.88 



20 Document No. 10. [Session 

Advanced payments used $ 6,548.49 

Cash dividends paid policy-holders 9,010.67 

Dividends applied to pay running premiums 50,468.12 

Surrender values paid in cash 3,135.00 

Total paid policy-holders $ 1,721,769.16 



Interest or dividends to stockholders 30,000.00 

Paid stockholders dividends from stockholders' surplus and re- 
paid by them to increase capital stock 250,000.00 

Commissions and bonuses paid to agents — new policies, $216, 570. 97 ; 

renewals, $37,365.12 253,936.09 

Salaries and allowances for agencies 66,633.70 

Salaries of offi?ers and home-office employees 82,433.85 

Medical examiners' fees and inspections , 37,272.87 

Taxes on premiums, reserves, municipal and State licenses 29,426.85 

Taxes on real estate and investments 3,681.00 

Insurance Department fees and agents' licenses 5,119.50 

Repairs and expenses on real estate 1,491.56 

Rents 14,233.55 

Advertising, printing, stationery and postage 33,272.45 

Legal expenses 23,109.29 

All other expenses 6,044.51 



Total disbursements $ 2,558,424.38 

Balance $ 2, 754,051.95 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 261,101.93 

Loans on mortgages 298,320.00 

Loans on collaterals 700.00 

Loans to policy-holders on this company's policies 53,931.00 

Premium notes on policies in force 50,173.93 

Book value of stocks and bonds 471,941.67 

Cash in company's office ' 8,778.49 

Cash in bank 414,575.79 

Bills receivable 1,000.00 

Safety funds in Security Company of Hartford, Conn 1,194,429.14 

Total $ 2,755,051.95 

Deduct ledger liabilities — 

Agents' credit balances $ 1,000.00 



1,000.00 



Total net ledger assets $ 2, 754, 051. 95 

OTHER ASSETS. 

Interest and rents due and accrued 16, 120. 50 

Market value of real estate over book value 10, 903. 07 

Market value of bonds and stocks over book value 15, 936. 26 

New 
Business. Renewals. 

Gross premiums due and unreported on policies in 

force December 31, 1900 $ $ 19, 074. OS 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 74,807.47 15,862.73 

Totals . $ 74,807.47 $ 34,936.81 

Deduct cost of collection of same . 44,884.48 2,096.21 

$ 29,922.99 $ 32,840.60 



1903.] Document No. 10. . 21 

Net amount of uncollected and deferred premiums $ 62, 763. 59 

Premiums in course of collection in Safety Fund Department 349, 000. 00 

Total assets $ 3,208,775.37 

Deduct non-admitted assets — 

Premium notes in excess of reserve $ 247.00 

Depreciation in safety funds 81,960.00 

Bills receivable unsecured 1,000.00 



Total deductions 83,207.00 



Total admitted assets $ 3, 125, 568.37 

LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 
per cent, interest 1 $ 358,031.00 

Deduct net value of risks re insured 3,G54.00 



Net reserve $ 354,377.00 

Death losses in process of adjustment or adjusted and not due $ 393,750.00 

Death losses reported but no proofs received 22,900.00 

Policy claims resisted by the company 12,000.00 

Total policy claims 428,650.00 

Unpaid dividends, etc., due policy-holders 2,255.65 

Due and accrued for salaries, rents, etc 2,861.50 

Premiums paid in advance 2,953.01 

Net safety fund in Security Company 1, 112, 569. 14 

For mortuary bonds 111,495.36 

Reserve safety fund policies 230,220.00 

Liabilities on policy-holders' account $ 2, 245, 381. 66. 

Surplus 380,186.71 

Capital stock paid up 500, 000. 00 

Total liabilities $ 3, 125, 568. 37 

EXHIBIT OF POLICIES. 

No. Policies. Amount. 

Policies and additions iu force December 31, 1899 1 39,637 $ 78,943,230.00 

Written during 1900 7,865 11,717,951.00 

Revived during 1900 21 46,800.00 

Totals 47,523 $ 90,707,981.00 

Policies terminated— No. Policies. Amount. 

By death 096 $ 1,718,974.00 

By expiry 1 1,000.00 

By surrender 8 4,929.00 

By lapse 4,775 9,623,075.00 

By change and decrease 840 1,165,900.00 

Total policies terminated during 1900 6,320 12,523,878.00 

Policies in force December 31, 1900 ' 41,203 « 78,184,103.00 

Policies re-insured 49 229.00 

GAIN AND LOSS EXHIBIT DURING THE YEAR. 
{Upon basis of Actuaries' Mortality and 4 per cent, interest). 

Surplus at beginning of the year $ 634, 135. 43 

Loading earned on premiums of insurance and annuity 443, 384. 14 



22 , Document No. 10. [Session 

Interests, rents, etc., earned $ 64,353.51 

Profit and loss items 58,077.39 

$ 122, 430. 90 

Cost of insurance 81,930.32 

Reserves released by surrender and lapse, of which $11, 209. 00 was 
from policies upon which three years' premiums had not been 

paid 25,552.00 

Total credits $ 1,307,432.89 

Insurance expenses incurred $ 540,375.81 

Investment expenses incurred 6,530.05 

$ 546, 905. 86 

Interest required to maintain reserve 13, 060. 76 

Death losses incurred $ 102,335.85 

Less re-insurance reserves and compromises on losses, and re- 
serves released by death of annuitants 27,616.00 

74, 719. 85 

Surrender and lapse values allowed 3, 135. 00 

Dividends to policy-holders 9,424. 71 

Dividends to stockholders 280,000.00 

Guarantee fund and surplus at end of year 380, 186. 71 

Total debits $ 1,307,432.89 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

No. Policies. Amount. 

Policies in force December 31, 1899 573 $ 1,427,000.00 

Written during 1900 130 321,000.00 

•Terminated during 1900 124 326,000.00 

In force December 31, 1900 579 1,422,000.00 

Losses unpaid December 31, 1899 2 5,000.00 

Losses incurred during 1900 • 20 73,500.00 

Losses paid during 1900 17 64,000.00 

Premiums collected during 1900 42,281.48 

Number of agents working in State for company during year, 17. 



LIFE INSURANCE COMPANY OF VIRGINIA. 

Located at Richmond, Va. Incorporated 1871. Commenced business 1871. 

J. G. Walker, President. Jas. W. Pegram, Secretary. 



Cash capital, $100, 000. 

Amount of net or ledger assets December 31, 1899 $ 849, 809. 19 

INCOME. 

Premiums on new policies— $ 1,078,090.29 

Dividends applied to pay running premiums 7,331.56 

Surrender values applied to pay running premiums. 1,850.17 

Total premium income S 1,087,272.02 



1903.] 



Document No. 10. 



23 



Rents 

Interest on mortgage loans 

Interest on collateral leans and premium notes. 

Interest and dividends on stocks and bonds 

Profit on sales of real estate and securities 

From all other sources 



2,988.50 
32,222.35 
4,774.08 
3,752.90 
8,041.81 
15.48 



Total income 

Aggregate last balance and income 

DISBURSEMENTS. 

Paid for losses and additions $ 384,405.66 

Deduct amount from other companies 5,000.00 

Net amount paid for losses and matured endowments J 

Cash dividends paid policy-holders 

Dividends applied to pay running premiums 

Surrender values paid in cash 

Surrender values applied to purchase paid-up insurance 

Total paid policy-holders $ 473,940.64 



-$ 8,139,067.14 
-$ 1,988,876.33 



Interest or dividends to stockholders 

Commissions and bonuses paid to agents 

Salaries and allowances for agencies 

Salaries of officers and home-office employees 

Medical examiners' fees and inspections 

Taxes on premiums, reserves, municipal and State licenses. 

Taxes on real estate and investments 

Insurance Department fees and agents' licenses 

Repairs and expenses on real estate 

Rents 

Advertising, printing, stationery and postage 

Legal expenses 

All other expenses 



379,405.66 

12,492.81 

7,331.56 

72,860.44 

1,850.17 

12,000.00 

331,112.66 

111,530.19 

67,558.45 

28,212.04 

24,683.15 

682.31 

144.31 

1,042.97 

9,023.08 

15,812.98 

5,339.92 

17,316.17 



Total disbursements 1,01)8,998. 87 



Balance $ 



889, 877. 46 



ASSETS. 



AS PER LEDGER ACCOUNTS. 



Book value of real estate 

Loans on mortgages 

Loans on collaterals 

Loans to policy-holders on this company's policies 

Book value of stocks and bonds 

Cash in company's office 

Cash in bank 

Bills receivable 



56,897.40 
513,885.93 
47,913.29 
84,380.50 
82,201.16 
3,831.01 
91,112.51 
10,274.47 



Total 

Deduct ledger liabilities — 
All other 



-$ 890, 556. 96 



679.50 



679. 50 



Total net ledger assets $ 889,877.46 



OTHER ASSETS. 

Interest and rents due and accrued 

Market value of bonds and stocks over book value - 



17, 464. 31 

18, 439. 87 



24 Document No. 10. [Session 

New 
Business. Renewals. 

Gross premiums due and unreported on policies in 

force December 31, 1900 $ $ 1,923.35 

Gross deferred premiums on policies in force De- 
cember 31, 1900 3,030.00 99,135.65 

Totals $ 3,630.00 $ 101,059.00 

Deduct cost of collection of same 1,815.00 14,966.00 



1,815.00 $ 80,093.00 



Net amount of deferred and uncollected premiums $ 87, 908. 00 

Total assets $ 1, 013, 689. 64 

Deduct non-admitted assets — 

Bills receivable unsecured $ 659.52 



Total deductions 659. 52 



Total admitted assets $ 1,013,030. 12 

LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 
per cent, interest $ 704,909.00 

Deduct net value of risks reinsured 177.00 



Net reserve $ 704, 732. 00 

Matured endowments due and unpaid $ 6,355.00 

Total policy claims 6,355. 00 

Premiums paid in advance 12. 72 

Special reserve 65, 000. 00 

All other 2,199.00 



Liabilities on policy-holders' account $ 778, 298. 72 

Surplus 134,731.40 

Capital stock paid up . 100,000.00 

Total liabilities $ 1,013,030. 12 

EXHIBIT OF POLICIES. 

Policies and additions in force December 31, 1899 

Written during 1900 

Revived during 1900 



No. Policies. 




Amount. 


222,564 


s 


22,556,471.00 


90,919 




9,261.996.00 


3,042 




294,855.00 



Totals 316,525 $ 32,113,322.00 

Total policies terminated during 1900 76,284 6,543,320.00 



Policies in force December 31, 1900 240,241 $ 25,570,602.00 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

No. Policies. Amount. 

Policies in force December 31, 1899 36,997 $ 4,051,315.00 

Written during 1900 23,473 2,391,807.00 

Terminated during 1900 17,061 1,549,839.00 

In force December 31, 1900 43,409 4,893,285.00 

Losses unpaid December 31, 1899 4 3,689.00 

Losses incurred during 1900 727 71,195.00 

Losses paid during 1900 730 74,529.00 

Premiums collected during 1900 169,732.00 

Number of agents working in State for company during year, 145. 



1903.] 



Document No. 10. 



25 



MARYLAND LIFE INSURANCE COMPANY. 

Located at Baltimore, Md. Incorporated 1864. Commenced Business 1865. 

War. H. Blackford, President. Jxo. W. Hanson, Secretary. 



Cash capital, $100, 000. 
Amount of net or ledger assets December 31, 1899 -- 



.$ 1,906,292.39 



INCOME. 

Premiums on new policies $ 32,252.31 

Renewal premiums 183,008.18 

Dividends applied to pay running premiums 11,617.42 

Dividends applied to purchase paid-up insurance — 1,243.84 

Surrender values applied to pay running premiums. 206.87 

Received for annuities 3,883.29 



Total premium income. 
Rents 



Interest on mortgage loans 

Interest on collateral loans and premium notes. 

Interest and dividends on stocks and bonds 

Interest on other debts due the company 

Profit on sales of real estate and securties 

From all other sources 



232,211.91 

10,129.35 

15,301.25 

6,208.15 

59,522.58 

328.28 

1,042.76 

2,443.49 



Total income 



327, 187. 77 



Aggregate last balance and income $ 2, 233, 480. 16 

DISBURSEMENTS. 

Paid for losses and additions $ 128,335.18 

Paid for matured endowments and additions 11,353.35 



Net amount paid for losses and matured endowments $ 

Paid to annuitants 1 

Cash dividends paid policy-holders 

Dividends applied to pay running premiums 

Dividends applied to purchase paid-up insurance 

Surrender values paid in cash 

All other 

Total paid policy-holders $ 171,288.10 

Interest or dividends to stock-holders 

Commissions and botfuses paid to agents — new policies, $18,052.30; 

renewals, $9,532.62; annuities, $116.50 

Salaries and allowances for agencies 

Salaries of officers and home office employees 

Medical examiners' fees and inspections 

Taxes on premiums, reserves, municipal and State licenses 

Taxes on real estate and investments 

Insurance Department fees and agents' licenses 

Rents 

Advertising, printing, stationery and postage 



139,688.53 

781.91 

699.44 

11,617.42 

1,243.84 

16,501.65 

755.31 

6,000.00 

27,71)1.42 

7,126.47 

21.S91.32 

3,511.00 

3,654.43 

2,296.01 

488.88 

110.01 

4,880.87 



26 Document No. 10. [Session 

Legal expenses $ 1,651.52 

All other expenses 7,284.74 

Total disbursements $ 257, 887. 77 

Balance $ 1,975,592.39 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 209,102.50 

Loans on mortgages 235,640.00 

Loans on collaterals 21,500.00 

Loans to policy-holders on this company's policies 82,136.00 

Premium notes on policies in force 17,718.81 

Book value of stocks and bonds 1,337,028.62 

Cash in company's office 2,659.27 

Cash in bank 51,116.58 

Agents' debit balances 2,862.00 

All other 16,878.78 

Total $ 1,976,642.56 

Deduct ledger liabilities — 

Agents' credit balances $ 964.25 

All other S5.92 



1,050.17 



Total net ledger assets $ 1, 975, 592. 39 

OTHER ASSETS. 

Interest and rents due and accrued 12, 727. 81 

Market value of bonds and stocks over book value 96, 412. 56 

New 
Business. Renewals. 

Gross premiums due and unreported on policies in 

force December 31, 1900 $ 17,674.14 $ 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 21,034.14 



Total L $ 38,708.28 $_ 

Deduct cost of collection of same 7,741.66 __ 



$ 30,966.62 $_ 



Net amount of uncollected and deferred premiums 30, 966. 62 

Total assets $ 2,115,699.38 

Deduct non-admitted assets- 
Furniture, fixtures and supplies 8 657.77 

Depreciation real estate 5,452.50 

Agents' debit balances unsecured 2,862.00 

All other 12,699.14 



Total deductions - 21, 671. 41 

Total admitted assets $ 2,094,027.97 

LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 
per cent, interest $ 1,786,568.00 

Deduct net value of risks reinsured 32,417.00 



Net reserve ---I 1,754,151.00 



1903.] Document No. 10. 27 

Matured endowments due and unpaid, unclaimed $ 219.66 

Death losses due and unpaid, unclaimed 2,239.89 

Death losses in process of adjustment or adjusted and not due 8,553.52 

Death losses reported but no proofs received 5,582.94 

Death losses awaiting receipts 4,274.55 



Total policy claims $ 20,870.26 

Unpaid dividends, etc., due policy-holders 4, 709. 06 

Premiums paid in advance 675. 32 

All other 1,050. 17 



Liabilities on policy-holders' account § 1,781,455.81 

Surplus 212,572.16 

Capital stock paid up 100,000.00 

Total liabilities $ 2,094,027.97 

EXHIBIT OF POLICIES. 

No. Policies. Amount. 

Policies and additions in force December 31, 1899 3,704 $ 7,225,175.00 

Written during 1900 591 1,059,353.00 

Revived during 1900 7 12,000.00 

Totals 4,302 $ 8,296,528.00 

Policies terminated — No. Policies. Amount. 

By death 53 S 110,954.00 

By maturity 4 11,353.00 

By expiry 1 8,645.00 

By surrender 36 84,497.00 

By lapse 263 476,705.00 

By change and decrease 5 8,135.00 

By not being taken 50 • 68,200.00 

Total policies terminated during 1900 412 768,489.00 

Policies in force December 31, 1900 3,890 S 7,528,039,00 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Policies in force December 31, 1899 

Written during 1900 

Terminated during 1900 

In force December 31, 1900 

Losses unpaid December 31, 1899 

Losses incurred during 1900 

Losses paid during 1900-^ 

Premiums collected during 1900 



No. Policies. 


Amount. 


195 ! 


£ 290,725.00 


91 


135,900.00 


62 


88,600.00 


224 


338,025.00 


1 


1,000.00 


4 


5,000.00 


5 


6,000.00 




in. 460.90 







Number of agents working in State for company during year, 23. 



28 Document No. 10. [Session 

MICHIGAN MUTUAL LIFE INSURANCE COMPANY. 

Located at Detroit, Mich. Incorporated 1867. Commenced Business 1867. 

O. R. Looker, President. A. F. Moore, Secretary. 



Cash capital, $250,000. 
Amount of net or ledger assets December 31, 1899 $ 6, 066. 924. 11 

INCOME. 

Premiums on new policies $ 200,720.79 

Renewal premiums 931,459.41 

Dividends applied to pay running premiums 21,634.65 

Dividends applied to purchase paid-up insurance 12,272.46 

Surrender values applied to pay running premiums. 6,084.26 

Total premium income $ 1,178,171.57 

Rents . r 21,323.36 

Interest on mortgage loans 295,120.80 

Interest on collateral loans and premium notes 42,335.84 

Interest and dividends on stocks and bonds 2,766.00 

Interest on other debts due the company 5,483.00 

Profit on sales of real estate and securities 3,569.26 

From all other sources 8,371.68 

Total income 1,557,041.57 

Aggregate last balance and income $ 7, 623,965. 68 

DISBURSEMENTS. 

Paid for losses and additions, etc $ 448,850.93 

Paid for matured endowments and additions 10,000.00 

Net amount paid for losses and matured endowments $ 438,850.93 

Cash dividends paid policy-holders 6,075.43 

Dividends applied to pay running premiums 21,634.65 

Dividends applied to purchase paid-up insurance 12,272.46 

Surrender values paid in cash 101,617.13 

Surrender values applied to purchase paid-up insurance 6,084.26 

All other 27,292.14 

Total paid policy-holders $ 619,644.75 

Interest or dividends to stockholders 25,000.00 

Commissions and bonuses paid to agents— new policies, $145,036.67; 

renewals, $58,602.02 203,638.69 

Salaries and allowances for agencies 35,922.89 

Salaries of officers and home-office employees 45,762.71 

Medical examiners' fees and inspections 11,880.41, 

Taxes on premiums, reserves, municipal and State licenses 18,011.98 

Taxes on real estate and investments 8,458.45 

Insurance Department fees and agents' licenses 1,147.80 

Repairs and expenses on real estate 10,192.59 

Rents 12,397.67 

Advertising, printing, stationery and postage 25,558.90 



1903.] Document No. 10. 29 

Legal expenses $ 17,094.69 

All other expenses 19,380.51 

Total disbursements $ 1,054,092.04 

Balance $ 6,569,873.64 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate S 415,167.26 

Loans on mortgages , 5,042,390.09 

Loans on collaterals 33,000.00 

Loans to policy-holders on this company's policies 600,281.82 

Premium notes on policies in force .. '.i4, 120.14 

Book value of stocks and bonds « 158,391.00 

Cash in company's office 10,623.03 

Cash in bank 212,997.42 

Agents' debit balances 2,930.92 

Total $ 6,570,201.68 

Deduct ledger liabilities — 

Agents' credit balances $> 328.04 

328. 04 



Total net ledger assets •- $ 6, 569, 873. 64 

OTHER ASSETS. 

Interest and rents due and accrued 120,423.48 

Market value of real estate over book value 10, 541. 51 

Market value of bonds and stocks over book value _. 7, 109. 00 

New 
Business. Renewals. 

Gross premiums due and unreported on policies in 

force December 31, 1900 3 28,262.63 $ 24,103.37 

Gross deferred premiums on policies in force Decem- 
ber 31,1900 34,466.53 40,203.77 

Total* $ 62,729.16 $ 64,3117.14 

Deduct cost of collection of same 37,637.50 3,858.43 



8 25,091.66 $ 60, 4 is. 71 



Net amount of uncollected and deferred premiums 85, 540. 37 

Total assets $ 6,793,488.00 

Deduct non-admitted assets — 

Premium notes or loans and net premiums in excess of reserve, $ 1,909.48 

Total deductions 1, 909. 48 

Total admitted assets $ 6,791,578.52 

LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 
per cent, interest $ 6,377,442.03 

Deduct net value of risks re- insured 26,282.00 

Net reserve $ 6,351,160.03 

Present value of undue installment policies 6, 758. 41 

Unpaid dividends, etc., clue policy-holders 559. 45 



30 Document No. 10. [Session 

Due and accrued for salaries, rents, etc $ 5, 820. 27 

Premiums paid in advance 12, 411. 47 

Deposit account 1, 500. 00 

Liabilities on policy-holders' account $ 6,378,209.63 

Surplus 163,368.89 

Capital stock paid up 250,000.00 

Total liabilities $ 6,791,578.52 

EXHIBIT OF POLICIES. 

No. Policies. Amount. 

Policies and additions in force December 31, 1899 18,168 $ 31,509,641.30 

Written, revived, changed and increased daring 1900 7,901 9,041,454.16 

Totals 26,069 $ 40,611,095.46 

Total policies terminated during 1900 4,333 6,234,565.97 

Policies in force December 31, 1900 21,736 $ 34,376,529.49 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

No. Policies. Amount. 

Policies in force December 31, 1899 57 $ 105,532.43 

Written during 1900 106 141,612.85 

Terminated during 1900 1 21 48,507.76 

In force December 31, 1900 142 198,637.43 

Premiums collected during 1900 5,865.89 

Number of agents working in State for company during year, 9. 



MUTUAL LIFE INSURANCE COMPANY OF KENTUCKY. 

Located at Louisville, Ky. Incorporated 1866. Commenced Business 1866. 

George W. Morris, President. David Meriwether, Secretary. 



Cash capital, $100, 000. 
Amount of net or ledger assets December 31, 1899 $2, 712, 988.49 

INCOME. 

Premiums on new policies $ 79,246.00 

Renewal premiums 423,017.99 

Dividends applied to pay running premiums 4,984.24 

Dividends applied to purchase paid-up insurance 2:17. 84 

Surrender values applied to pay running premiums _ 136.49 

Total premium income $ 554,118.56 

Bents 21,101.98 

Interest on mortgage loans 129,105.57 

Interest on collateral loans and premium notes 24,360.44 



1903.] 



Document No. 10. 



31 



Interest and dividends on stocks and bonds § 37,945.25 

Interest on other debts due the company 3,218.76 

Profit on sales of real estate and securities 8,994.98 

From all other sources 682.00 



Total income 

Aggregate last balance and incotne- 



-$ 779,527.54 
-$ 3, 492, 516. 03 



DISBURSEMENTS. 

Paid for losses and additions $ 203,566.00 

Paid for matured endowments and additions 22,747.43 



Net amount paid for losses and matured endowments § 

Cash dividends paid to policy-holders 

Dividends applied to pay running premiums 

Dividends applied to purchase paid-up insurance 

Surrender values paid in cash 

Surrender values applied to purchase paid-up insurance 

All other 

Total paid policy-holders 8 380,612.55 

Commissions and bonuses paid to agents — new policies, $51,758.38; 

renewals, $19,494.36 . 

Salaries and allowances for agencies 

Salaries of officers and home-office employees 

Medical examiners' fees and inspections 

Taxes on premiums, reserves, municipal and State licenses 

Taxes on real estate and investments 

Insurance Department fees and agents' licenses 

Repairs and expenses on real estate 

Rents 

Advertising, printing, stationery and postage 

Legal expenses 

All other expenses 



226,313.43 

4,864.83 

4,984.24 

297.84 

86,462.39 

46,436.00 

11,253.82 



71,252.74 

11,626.14 

27,970.04 

12,126.00 

7,330.44 

10,432.42 

3,982.21 

9,536.47 

3,941.25 

14,875.81 

7,496.90 

43,800.53 



Total disbursements - 



604,983.50 

Balance $ 2, 887, 53*753 



ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 412 727.85 

Loans on mortgages 1,120,965. 15 

Loans on collaterals 74 573,15 

Loans to policy-holders on this company's policies 

Premium notes on policies in force 

Book value of stocks and bonds 

Cash in company's office 

Cash in bank 

Bills receivable 

Agents' debit balances 



289,272.87 

52,829.47 

873,920.90 

4,400.31 

45,272.59 

1,400.00 

L3,040.50 



Total $ 2,888,402.88 

Deduct ledger liabilities- 
Agents' credit balances $ 870.35 



870. 35 



Total net ledger assets $ 2, 887, 532. 53 



32 Document No. 10. [Session 

OTHER ASSETS. 

Interest and rents due and accrued $ 68,236. 19 

Market value of real estate over book value 25, 054. 06 

Market value of bonds and stocks over book value 15, 337. 26 

New- 
Business. Renewals. 
Gross premiums due and unreported on policies in 

force December 31, 1900 $ 10,712.86 $ 12,266.50 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 2,736.13 22,849.5:-! 

Totals 3 13,448.99 $ 35,116.09 

Deduct cost of collection of same 7,396.94 1,053.48 

$ 6,052.05 $ 34,062.61 



Net amount of uncollected and deferred premiums 40, 114. 66 

Total assets $ 3,036,274.70 

Deduct non-admitted assets — 

Loans on renewals $ 1,400.00 

Commissions payable to agents on premium notes when paid- 1,143.44 

Agents' debit balances unsecured 8,017.03 

All other 7,000.00 



Total deductions 17, 560. 47 

Total admitted assets $ 3, 018, 714. 23 

LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 
per cent, interest § 2,807,005.00 

Deduct net value of risks re-insured 2,000.00 

Net reserve $ 2,805,005.00 

Death losses reported but no proofs received $ 16,000.00 

Total policy claims 1 16, 000. 00 

Due and accrued for salaries, rents, etc. 5,000.00 

Premiums paid in advance 1, 200. 00 

Liabilities on policy-holders' account „ | 2,827, 205. 00 

Surplus 91,509.23 

Capital stock paid up „ 100, 000. 00 

Total liabilities $ 3,018, 714.23 

EXHIBIT OF POLICIES. 

No. Policies. Amount. 

Policies and additions in force December 31,1899 9,761 $ 15,526,150.00 

Written during 1900 1,357 1,989,516.00 

Revived during 1900 317 245 599.00 

Changed and increased during 1900 105 95,200.00 

Totals 11,540 $ 17,856,465.00 

Policies terminated— No. Policies. Amount. 

By death 134 $ 219,566.00 

By maturity 17 22,747.00 

By expiry , 2 4,000.00 

By surrender 303 457,584.00 



1 



1903.] Document No. 10. 33 

By lapse 435 8 718,100.00 

By change and decrease 105 225,919.00 

By not being taken 71 163,000.00 

Total policies terminated during 1900_ 1,067 S 1,810,916.00 

Policies in force December 31, 1900 10,473. $ 16,045,549.00 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

No. Policies. Amount. 

Policies in force December 31, 1899 378 8 448,655.00 

Written during 1900 33 52,225.00 

Terminated during 1900 26 51,729.00 

In force December 31, 1900 385 449,151.00 

Losses incurred during 1900 4 3,646.00 

Losses paid during 1900 4 3,646.00 

Premiums collected during 1900 12,208.10 



THE MUTUAL LIFE INSURANCE COMPANY OF 

NEW YORK. 

Located at New York City. Incorporated 1842. Commenced Business 1843. 
Richard A. McCurdy, President, William J. Easton, Secretary. 



Amount of net or ledger assets December 31, 1899 $276, 684, 362. 86 

INCOME. 

Premiums on new policies $ 7,276,001.04 

Renewal premiums 33,804,930.80 

Dividends applied to purchase paid-up insurance — 1,427,751.26 
Surrender values applied to purchase paid-up insur- 
ance 1,356,935.33 

Surrender values applied to pay renewal premiums _ 641,005.94 

Received for annuities 2,704,547.01 

Total premium income $ 47,211,171.38 

Rents 1,062,277.51 

Interest on mortgage loans 3,079,183.42 

Interest on collateral loans and premium notes r,.so,750.39 

Interest and dividends »n stocks and bonds 6,964,793.85 

Interest on other debts due the company 258,906.06 

Interest on deferred premiums 138,914.54 

Profit on sales of real estate and securities 480,805.16 

From all other sources 100,000.00 

Total income 60,582,802.31 

Aggregate last balance and income , $337, 267, 165. 17 



34 Document No. 10. [Session 

DISBURSEMENTS. 

Paid for losses and additions $15,052,652.92 

Paid for matured endowments and additions 3,821,639.58 

Net amount paid for losses and matured endowments $ 18,874,292.50 

Paid to annuitants 1,403,971.83 

Cash dividends paid policy-holders 830,315.04 

Dividends applied to purchase paid up insurance 1,427,751.26 

Surrender values paid in cash 1,827,591.33 

Surrender values applied to pay running premiums 641,005.94 

Surrender values applied to purchase paid-up insurance 1.350,935.33 

Total paid policy-holders $26,361,863.83 

Commissions and bonuses paid to agents — new policies, $5,112,170.10; 
renewals, $1,993,473.87; annuities, $123,734.28; single premi- 
ums, $23,184.42 7,252,562.67 

Salaries and allowances for agencies 1,330,873.82 

Salaries of officers and home-office employees 709,529.90 

Medical examiners' fees and inspections 559, 868. S6 

Taxes on real estate and investments 382,445.42 

Insurance Department fees, taxes on premiums and reserves and 

agents' licenses 467,240.17 

Repairs and expenses on real estate 468,141.84 

Rents 175,000.00 

Advertising, printing, stationery and postage 980,421.99 

Legal expenses 304,756.85 

All other expenses 453,908.16 

Total disbursements $ 39, 446, 613. 51 

Balance $297, 820, 551. 66 



ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 23,575,840.73 

Loans on mortgages 77,235,867.38 

Loans on collaterals 12,170,000.00 

Loans to policy-holders on this company's policies 8,629,709.43 

Book value of stocks and bonds 162,575,496.34 

Cash in company's office 9,212.52 

Cash in bank 13,290,103.80 

Agents' debit balances 400,391.71 

Total $297,886,681.91 

Deduct ledger liabilities — 

Agents' credit balances . $ 33,905.05 

Allother '. 32,225.20 

66, 130. 25 
Total net ledger assets-— $297,820,551.66 

OTHER ASSETS. 

Interest and rents due and accrued 2, 813, 261. 15 

Market value of stocks and bonds over book value 20, 793, 128. 57 



1903.] Document No. 10. 35 

New 
Business. Renewals. 

Gross premiums due and unreported on policies in 

force December 31, 1900 $ 52,849.08 12,788,106.53 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 205,342.05 2,147,291.90 

Totals $ 258,191.73 14,935,398.43 

Deduct cost of collection of same 180,734.21 286,253.11 



77,457.52 $4, 049, 145. 32 



Net amount of uncollected and deferred premiums $ 4, 726, 602. 84 

Total assets $326,153,544.22 

Deduct non-admitted assets — 

Agents' debit balances unsecured $ 400,391.71 



Total deductions 400,391.71 

Total admitted assets $325,753,152.51 

LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 per 
cent, interest .. $200,512,075.00 

Deduct net value of risks re-insured 9,809.00 



Net reserve $266,502,266.00 

Matured endowments due and unpaid 5 204, 032. 37 

Death losses in process of adjustment or adjusted and not due 1,007,271.59 

Death losses reported but no proofs received 57,903.00 

Policy claims resisted by the company 50,811.00 

Due and unpaid on annuities and installment polieie- 107,542.13 

Total policy claims I 1,548, 160.09 

Unpaid dividends, etc., due policy-holders 90, 182. 66 

Due and accrued for salaries, rents, etc. 35,310.85 

Premiums paid in advance 191, 891. 66 

Under non-forfeiture clause of lapsed policies 353,227.00 

For mortuary bonds 470, 092. 00 

Guarantee fund 54,122,022.25 

Liabilities on policy-holders' account $323, 313, 152. 51 

Surplus 2,440,000.00 

Total liabilities ' $325, 753, 152. 51 

EXHIBIT OF POLICIES. 

Policies and additions in force December 31, 1899 

Written during 1900 

Revived during 1900 

Changed and increased during 1900 



No. Policies. 


Amount. 


397,310 


$ 1,051,247,540.00 


74,525 


172,758,621.00 


1,308 


3,089,238.00 


48 


158,171.00 



Totals 473,221 $ 1,227,253,570.00 

Policies terminated — No. Policies. Amount. 

By death 4,904 $15,271,852.00 

By maturity 1,130 3,832,322.00 

By expiry 248 782,384.00 

By surrender 2,837 6,465,105.00 



36 Document No. 10. [Session 

By lapse 24,627 $60,892,223.00 

By change and decrease 35 69,155.00 

Total policies terminated during 1900 33,781 $ 87,313,041.00 

Policies in force December 31, 1900 439,440 $ 1,139,940,529.00 

Policies re-insured 2,244,149.00 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

No. Policies. Amount. 

Policies in force December 31, 1899 2,639 $ 8,205,315.00 

Written during 1900 590 986,147.00 

Terminated during 1900 237 406,265.00 

In force December 31,1900 2,992 8,785,197.00 

Losses incurred during 1900 34 73,795.75 

Losses paid during 1900 34 73,795.15 

Premiums collected during 1900 217,772.80 



NEW YORK LIFE INSURANCE COMPANY. 

Located at New York, N. Y. Incorporated 1841. Commenced Business 1845. 
John A. McCall, President. Charles C. Whitney, Secretary. 



Amount of net or ledger assets December 31, 1899 $223, 121, 943. 52 

INCOME. 

Premiums on new policies $ 11,658,382.60 

Renewal premiums 36,828,322.18 

Dividends applied to pay running premiums 395,509.28 

Surrender values applied to pay running premi- 
ums 12,788.04 

Total premium income, less re-insurance $ 48,758,578.13 

Rents 529,358. 66 

Interest on mortgage loans 1,552,644.58 

Interest on collateral loans and premium notes 991,909.27 

Interest and dividends on stocks and bonds a_ 6,830,420.82 

Interest on other debts due the company 202,792.59 

Prom all other sources 48,814.74 

Total income 58,914,518.79 



Aggregate last balance and income $282, 036, 462. 31 

DISBURSEMENTS. 

Paid for losses and additions $ 12,561,479.85 

Paid for matured endowments and additions 2,949,574.98 

Net amount paid for losses and matured endowments, less re- 
insurance $ 15,530,568. 47 

Paid to annuitants 1,558,451.70 



1903.] Document No. 10. 37 

Cash dividends paid policy-holders $ 2,828,153.71 

Reserve values paid 2,280,661.44 

Installments paid 20,970.98 

Surrender values paid in cash 1,124,231.86 

Surrender values applied to pay running premiums 12,788.04 

Total paid policy-holders S 23,355,826.20 

Commissions and bonuses paid to agents— new policies, $5,399,144.71; 

renewals, $1,187,377.05 6,586,521.76 

Salaries and allowances for agencies 1,544,748.71 

Salaries of officers and home-office employees 735,954.31 

Medical examiners' fees and inspections 617,967.64 

Taxes on premiums, reserves, municipal and State licenses 432,540.45 

Rents 429,746.56 

Advertising, printing, stationery and postage 702,766.11 

All other expenses 7 20,291.20 

Total disbursements $ 35, 126, 362. 94 

Balance $246, 910, 099. 37 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate S 16,925,900.00 

Loans on mortgages 34,798,942.34 

Loans on collaterals 2,894,000.00 

Loansjto policy-holders on this company's policies 14,382,768.65 

Premium notes on policies in force 2,133,364.58 

Book value of stocks and bonds 160,177,823.24 

Cash in bank 14,070,177.02 

Agents' debit balances 1,273,319.90 

Suspense account 253,803.55 

Tota i $246,910,099.37 

OTHER ASSETS. 

Interest and rents due and accrued 1, 680, 405. 23 

Market value of bonds and stocks over book value 10, 177, 150. 17 

New 
Business. Renewals. 

Gross premiums due and unreported on policies in 

force December 31,1900 S S 2,505,409.00 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 - 426,711.00 2,554,204.00 

Totals - $ 426,711.00 $ 5,059,613.00 

Deduct cost of collection of same 277,362.90 252,981.00 

S 159,349.00 $ 4,806,632.00 



Net amount of uncollected and deferred premiums-- 4, 955, 981. 00 

Total assets 1263,723,635.77 

Deduct non-admitted assets — 

Suspense account S 253,803.55 

Agents' debit balances unsecured 1,273,319.99 

Total deductions 1, 527, 123. 54 

Total admitted assets §262, 196, 512. 23 



38 Document No. 10. [Session 

LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 per 
cent, interest $213,247,839.00 

Deduct net value of risks re-insured 215,637.00 



Net reserve $213, 032, 202. 00 

Matured endowments due and unpaid $ 200,993.14 

Death losses due and unpaid 341,837.37 

Death losses in process of adjustment or adjusted and not due 1,335,370.04 

Policy claims resisted by the company 83,750.00 

Due and unpaid on annuities and installment policies 118,710.63 

Total policy claims 2,080,661.18 

Unpaid dividends, etc., due policy-holders 181,411.36 

Premiums paid in advance 457, 380. 64 

Trust funds held by company 452, 605. 88 

Additional policy reserve 4, 283, 077. 00 

Surplus fund to provide for dividends 31, 385, 855. 11 

All other 10,320,319.06 

Total liabilities $262,196,512.23 

EXHIBIT OF POLICIES. 

No. Policies. Amount. 

Policies and additions in force December 31, 1899 437,770 $1,001,871 ,"985. 00 

Written during 1900 115,299 232,388,255.00 

Revived during 1900 1,033 2,036,000.00 

Changed and increased during 1900 359,370.00 

Totals 554,108 $1,290,655,610.00 

Policies terminated — No. Policies. Amount. 

By death 4,077 $ 12,735,114.00 

By maturity 1,013 2,948,191.00 

By expiry 10,889 30,198,869.00 

By surrender 4,500 13,022,857.00 

By lapse 15,349 28,909,003.00 

By change and decrease 6,084,920.00 

Total policies terminated during 1900 42,508 94,498,945.00 

Policies in force December 31, 1900 511,000 $1,202, 156, 665. oo 

Policies re-insured 2,290,823.00 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Policies in force December 31, 1899 
Written during 1900 

Terminated during 1900 

In force Deeember 31, 1900 

Losses unpaid December 31, 1899 _. 

Losses incurred during 1900 

Losses paid during 19C0 

Premiums collected during 1900.— 



No. Policies. 


Amount. 


2,753 $ 0,114,313.00 


473 


936,130.00 


199 


409,699.00 


3,027 


0,040,744.00 


2 


5,340.00 


35 


88,553.08 


34 


68,093.68 




227,440.72 



1903.] Document No. 10. 39 

PACIFIC MUTUAL LIFE INSURANCE COMPANY OF 

CALIFORNIA. 

Located at San Francisco, Cal. Incorporated 1867. Commenced Business 1868. 
George A. Moore, President. S. M. Marks, Secretary. 



Cash capital, $200,000. 
Amount of net or ledger assets December 31, 1899 $ 3, 420, 234. 07 

INCOME. 

Premiums on new policies 5 277,218.83 

Renewal premiums 979,634.94 

Dividends applied to pay running premiums 38,7(14.11 

Dividends applied to purchase paid-up insurance 46,808.31 

Surrender values applied to pay running premiums. 3,410.63 
Surrender values applied to purchase paid-up insur- 
ance 24,445.88 

Received for annuities 4,238.82 

Total premium income $ 1,374,521.52 

Rents 33,409.38 

Interest on mortgage loans 39,000.69 

Interest on collateral loans and premium notes 1,941.91 

Interest and dividends on stocks and bonds 73,164.35 

Interest on other debts due the company 12,184.35 

Interest on deferred premiums 8,520.82 

Profit on sales of real estate and securities 10,730.86 

From all other sources (income Accident Department) 478,761.85 

Total income 2,032,235.73 

Aggregate last balance and income $ 5, 452, 469. 80 

DISBURSEMENTS. 

Paid for losses and additions $ 360,178.76 

Paid for matured endowments and additions 51,797.82 

Net amount paid for losses and matured endowments $ 411,976.58 

Paid to annuitants 3,785.66 

Cash dividends paid policy-holders 2,163.06 

Dividends applied to pay running premiums 38,704.11 

Dividends applied to purchase paid-up insurance 46,808.31 

Surrender values paid in cash 24,776.31 

Surrender values applied to pay running premiums 3,411.63 

Surrender values applied to purchase paid-up insurance 24,445.88 

Total paid policy-holders $ 556,130.54 

Interest or dividends to stockholder 14,000.00 

Commissions and bonuses paid to agents — new policies, $201, 747. 70; 

renewals, $115,602.86 377,350.56 

Salaries and allowances for agencies 137,313.09 

Salaries of officers and home-office employees 57,230.66 

Medical examiners' fees and inspections 40,382.29 



40 Document No. 10. [Session 

Taxes od premiums, reserves, municipal and State licenses $ 16,043.36 

Taxes on real estate and investments 11,379.50 

Insurance Department fees and agents' licenses 3,223.70 

Repairs and expenses on real estate 9,842.77 

Rents 19,645.87 

Advertising, printing, stationery and postage 25,581.23 

Legal expenses 10,716.27 

Disbursements, Accident Department 456,745.08 

All other expenses 68,600.68 



Total disbursements $ 1,804, 185.60 

Balance $ 3,648,284.20 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate 1 922,985.14 

Loans on mortgages 724,839.79 

Loans to policy-holders on this company's policies 173,672.78 

Premium notes on policies in force 35,256.80 

Book value of stocks and bonds 1,611,621.85 

Cash in company's office 1,628.65 

Cash in bank 126,687.04 

Bills receivable 4,460.30 

Agents' debit balances 36,842.18 

Furniture and fixtures 23,109.65 



Total $ 3,661,103.68 

Deduct ledger liabilities — 

Agents' credit balances $ 12,819.48 

12, 819. 48 



Total net ledger assets $ 3, 648, 284. 20 

OTHER ASSETS. 

Interest and rents due and accrued 39, 159. 80 

Market value of bonds and stocks over book value --.- 124, 905. 55 

New 
Business. Renewals. 

Gross premiums due and unreported on policies in 

force December 31, 1900 $ 70,356.67 $ 63,420.18 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 21,168.08 48,127.76 

Totals 8 91,524.75 9 111,547.94 

Deduct cost of collection of same 18,304.95 22,309.59 



$ 73,219.80 $ 89,238.35 



Net amount of uncollected and deferred premiums 162, 458. 15 

Eevenue stamps and printed supplies 8, 783. 95 

Accident Department 128, 525. 10 

Total assets $ 4, 112, 116. 75 

Deduct non-admitted assets — 

Furniture, fixtures and supplies $ 29,109.65 

Agents' debit balances unsecured 19,174.79 

Bills receivable unsecured 4,460.30 

Total deductions 52,744.74 

Total admitted assets $ 4,059,372.01 



1903.] Document No. 10. 41 

LIABILITIES. 

Net present value of all policies in force December 31,1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 per 
cent, interest • 5 3,531,347.59 

Deduct net value of risks re-insured 27,916.00 



Net reserve $ 3,503,431.59 

Death losses in process of adjustment or adjusted and not due S 7,645.00 

Death losses reported but no proofs received 22,461.50 

Policy claims resisted by the company 19,000.00 

Total policy claims 49, 106. 50 

Liabilities Accident Department 180, 631. 07 

Liabilities on policy-holders' account f> 3,733,169.16 

Surplus 126,202.85 

Capital stock paid up 200,000.00 

Total liabilities $ 4,059,372.01 

EXHIBIT OF POLICIES. 

No. Policies. Amount. 

Policies and additions in force December 31, 1899 10,960 $ 21,255,954.00 

Written during 1900 6,046 10,013,436.00 

Revived during 1900 - 75 132,000.00 

Changed and increased during 1900 4,105.00 

Additions by dividends 73,425.00 

Totals 17,081 $ 31,478,920.00 

Policies terminated— No. Policies. Amount. 

By death 111 S 2S2, 750.00 

By maturity IS 50,300.00 

By expiry 18 29,500.00 

By surrender 165 362,705.00 

By lapse 1,378 2,017,690.00 

By change and decrease 42,428.00 

By not being taken 894 1,541,940.00 

Total policies terminated during 1900 2,584 4,327,308.00 

Policies in force December 31, 1900 14,497 8 27,151,612.00 

Policies re-insured S7 223,870.00 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Policies in force December 31, 1899 . 

Written during 1900 

Terminated during 1900 

In force December 31, 1900 

Premiums collected during 1900 



No. Policies. 




Amount. 


48 


$ 


109,525.00 


95 




109,500.00 


36 




63,000.00 


107 




156,025.00 
5,621.59 



42 Document No. 10. [Session 

PENN MUTUAL LIFE INSURANCE COMPANY OF 

PENNSYLVANIA. . 

Located at Philadelphia, Pa. Incorporated 1847. Commenced Business 1847. 
Harry F. West, President. Henry C. Brown, Secretary. 



Amount of net or ledger assets December 31, 1899 $ 37, 696, 340. 07 

INCOME. 

Premiums on new policies 8 1,328,473.15 

Renewal premiums 5,835,425.99 

Dividends applied to pay running premiums 690,130.36 

Dividends applied to purchase paid-up insurance 216,914.14 

Surrender values applied to pay running premiums. 54,602.18 
Surrender values applied to purchase paid-up insur- 
ance ." 143,850.00 

Received for annuities 552, 136. S3 



Total premium income $ 8,821,538.65 

Rents . 193,949.86 

Interest on mortgage loans 787,828.84 

Interest on collateral loans and premium Dotes 433,607.51 

Interest and dividends on stocks and honds 621,436.41 

Interest on other debts due the company 15,980.05 

Profit on sales of real estate and securities 59,623.63 

From all other sources __, 2.016.55 



Total income 10,935,981.50 



Aggregate last balance and income •? 48, 632, 321. 57 

DISBURSEMENTS. 

Paid for losses and additions $ 2,181,971.19 

Paid for matured endowments and additions 623,417.00 



Net amount paid for losses and matured endowments $ 2,805,388.19 

Paid to annuitants 111,317.06 

Premium notes voided by lapse ■ 37,104.37 

Dividends applied to pay running premiums 690,136.36 

Dividends applied to purchase paid-up insurance 216,914.14 

Surrender values paid in cash 492,729.46 

Surrender values applied to pay running premiums 54,602.18 

Surrender values applied to purchase paid-up insurance 143,S50.00 

Total paid policy-holders -• $ 4,552,041.76 

Com missions and bonuses paid to agents — new policies, §726,903.39; 

renewals, $365,672.76; annuities, §10,627.58 1,103,203.73 

Salaries and allowances for agencies .__ 86,712.46 

Salaries of officers and home-office employees 170,957.21 

Medical examiners' fees and inspections 91,932.92 

Taxes on premiums, reserves, municipal and State licenses 112,954.13 

Taxes on real estate and investments 238,30S.76 

Insurance Department fees and agents' licenses 45,555.39 

Repairs and expenses on real estate 116,264.17 



1903.] Document No. 10. 43 

Rents 8 41,299.52 

Advertising, printing, stationery and postage 68,730.53 

Legal expenses 22,030.80 

All other expenses 57,732.11 

Total disbursements $ 6, 707, 723. 49 

Balance $^41,924,598.08 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate 5 2,611,747.49 

Loans on mortgages 15,882,579.23 

Loans on collaterals 4,402,748.03 

Loans to policy-holders on this company's policies 3,341,332.00 

Premium notes on policies in force 1,069,003.34 

Book value of stocks and bonds 13,580,864.60 

Cash in company's office 5,774.63 

Cash in bank 772,000.00 

Bills receivable 150,142.55 

Agents' debit balances 5,565.89 

Obligations for premiums 104,207.22 

Furniture 3,9oo.QO 

Total $ 41,929,864.98 

Deduct ledger liabilities- 
Agents' credit balances S 5,266.90 

5, 266. 90 
Total net ledger assets . $ 41,924,598.08 

OTHER ASSETS. 

Interest and rents due and accrued 403, 623. 76 

Market value of bonds and stocks over book value 541, 880. 40 

New 
Business. Renewals. 

Gross premiums due and unreported on policies in 

force December 31, 1900 8 292,542.29 8 355,147.17 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 107,104.35 536,595.38 

Totals $ 399,646.64 $ 891,742.55 

Deduct cost of collection of same 215,009.89 48,332.45 



$ 184,636.75 $ 843,410.10 



Net amount of uncollected and deferred premiums 1,028,046. 85 

Total assets $ 43, 898, 149. 09 

Deduct non-admitted assets — 

Furniture, fixtures and supplies S 3,900.00 

Commissions payable to agents on premium notes 14,029.82 

Agents' debit balances unsecured 3,184.137 

Bills receivable unsecured 26,051.81 

Total deductions 47, 166. 30 

Total admitted assets $ 43,850,982.79 



44 Document No. 10. [Session 

LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 
per cent, interest $ 37,086,592.00 

Deduct net value of risks re-insured 52,108.00 

Net reserve $ 37,034,484.00 

Present value of undue installment policies 343, 259. 00 

Death losses in process of adjustment or adjusted and not due $ 182,406.76 

Total policy claims 182,406.76 

Unpaid dividends, etc., due policy-holders 65,393.36 

Premiums paid in advance 36,565.10 

Scrip outstanding 8,580.00 

Trust deposits 12,778.00 

Special reserve 469, 041. 00 

Surplus upon special forms of policies 2, 483, 983. 85 

Liabilities on policy-holders' account $ 40, 636,491. 07 

Surplus 3,214,491.72 

Total liabilities $ 43, 850,982. 79 

EXHIBIT OF POLICIES. 

Policies and additions in force December 31, 1899_ 

Written during 1900 

Revived during 1900 

Changed and increased during 1900 

Totals 93,673 $ 235,419,880.00 

Policies terminated — No. Policies. Amount. 

By death 757 $2,081,925.00 

By maturity 

By expiry 

By surrender 

By lapse 

By change and decrease 

By not being taken 

Total policies terminated durine 1900 9,304 25,019,134.00 

Policies in force December 31, 1900 84,369 $ 210,400,746.00 

•Policies re-insured . 24 149,160.00 

Annuities in force December 31, 1900 319 126,189.92 



No. Policies 


Amount. 


74,267 


$ 185,528,746.00 


18,243 


46,874,204.00 


1,070 


2,308,862.00 


93 


708,068.00 



228 


481,957.00 


292 


777,176.00 


1,229 


2,885,517.00 


3,953 


8,771,758.00 


101 


1,535,957.00 


2,744 


8,484,844.00 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Policies in force December 31, 1899 . 
Written during 1900 

Terminated during 1900 

In force December 31, 1900 

Losses unpaid December 31, 1899 

Losses incurred during 1900 

Losses paid during 1900 

Premiums collected during 1900 



No. Policies. 


Amount. 


1,397 $ 3,156,800.00 


650 


1,056,850.00 


201 


392,300.00 


1,846 


3,821,350.00 


1 


3,000.00 


15 


36,786.76 


12 


23,753.00 




124,215.08 



1903.] Document No. 10. 45 

PHCENIX MUTUAL LIFE INSURANCE COMPANY OF 

CONNECTICUT. 

Located at Hartford, Conn. Incorporated 1851. Commenced Business 1851. 
Jonathan B. Bunce, President. Charles H. Lawrence, Secretary. 



Amount of net or ledger assets December 31, 1899 $ 11, 810, 069. 50 

INCOME. 

Premiums on new polieies $ 583, 712.71'. 

Renewal premiums 1,626,919.58 

Dividends applied to pay running premiums 186,840.66 

Dividends applied to purchase paid-up insurauce ___ 53,254.20 
Surrender values applied to pay running premiums. 4,460.05 
Surrender values applied to purchase paid-up insur- 
ance 57,604.00 

Received for annuities 29,301.55 

Total premium income S 2,542,092.80 

Rents 52,667.34 

Interest on mortgage loans 358,182.41 

Interest on collateral loans and premium notes 52,058.34 

Interest and dividends on stocks and bonds 171,437.56 

Interest on other debts due the company 9,899.89 

Discount on claims paid in advance 184.84 

Profit on sales of real estate and securities 14,720.18 

From all other sources 2,979.45 

Total income 3, 204, 212. 81 

Aggregate last balance and income $ 15, 014, 282. 31 

DISBURSEMENTS. ■ 

Paid for losses and additions S 872,198.64 

Paid for matured endowments and additions 116, 965. oo 



Net amount paid for losses and matured endowments $ 989,163.64 

Paid to annuitants 6,825.73 

Cash dividends paid policy-holders 4,285.81 

Dividends applied to pay running premiums 186,840.66 

Dividends applied to purchase paid-up insurance 53,254.20 

Surrender values paid in cash 150,368.34 

Surrender values applied to pay running premiums 4,460.05 

Surrender values applied to purchase paid-up insurance 57,604.00 

Premium notes voided by lapse 5,173.60 

Total paid policy-holders $ 1,457,976.03 

Commissions and bonuses paid to agents— new policies, $288,905.33; 

renewals, $113,488.33; annuities, $1,502.06 403,895.62 

Salaries and allowances for agencies _ 63,316.98 

Salaries of officers and home-office employees 78,431.63 

Medical examiners' fees and inspections 52,692.00 

Taxes on premiums, reserves, municipal and State licenses _, 63,148.86 

Taxes on real estate and investments 18,829.12 



46 Document No. 10. [Session 

Insurance Department fees and agents' licenses $ 4,513.64 

Repairs and expenses on real estate 20,409.69 

Rents 25,954.70 

Advertising, printing, stationery and postage 45,539.03 

Legal expenses 5,440.42 

All other expenses 21,315.03 



Total disbursements $ 2,261,462.75 

Balance $ 12,752,819.56 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 1,017,625.19 

Loans on mortgages 6,780,531.98 

Loans on collaterals 1,000.00 

Loans to policy-holders on this company's policies 534,457.00 

Premium notes on policies in force 303,416.57 

Book value of stocks and bonds 3,693,739.27 

Cash in company's office 358.42 

Cash in bank 422,191.13 



Total net ledger assets $ 12,752,819.56 

OTHER ASSETS. 

Interest and rents due and accrued 142, 304. 72 

Market value of bonds and stocks over book value 157, 705. 97 

New- 
Business. Renewals. 
Gross premiums due and unreported on policies in 

force December 31, 1900 $ 56,719.13 $ 70,586.21 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 30,816.40 135,172.05 



Totals $ 87,535.53 $ 205,758.26 

Deduct cost of collection of same 50,770.61 12,345.50 



36,764.92 $ 193,412.76 



Net amount of uncollected and deferred premiums 230,177.68 

Total admitted assets $ 13,283,007.93 

LIABILITIES. 

Net present value of all policies in force E>ecember 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 per 
cent, interest $ 12,551,800.00 

Deduct net value of risks re-insured 39,761.00 



Net reserve $ 12,512,039.00 

Present value of undue installment policies 27, 457. 00 

Special policy reserve 132, 427. 00 

Death losses in process of adjustment or adjusted and not due 8 19,275.00 

Death losses reported but no proofs received 15,318.00 

Total policy claims 34,593.00 

Premiums paid in advance 8, 707. 00 

Liabilities on policy-holders' account $ 12,715,223.00 

Surplus 567,784.93 

Total liabilities $ 13,283,007.93 



1903.] Document No. 10. 47 

EXHIBIT OF POLICIES. 

>"o. Policies. Amount. 

Policies and additions in force December 31, 1899 35,512 $ 57,988,162.00 

Written during 1900 8,885 14,924,155.00 

Revived during 1900 67 101,810.00 

Changed and increased during 1900 20,898.00 

Transferred 1 380 690,319.00 

Totals 44.844 $ 73,725,344.00 

Policies terminated — ■ No. Policies. Amount. 

By death 552 $ 881,517.00 

By maturity 88 116,964.00 

By expiry 80 137,500.00 

By surrender 498 879,340.00 

By lapse 2,286 3,644,690.00 

By change and decrease 120,552.00 

By not being taken 1,951 3,452,323.00 

Transferred 380 690,319.00 



Total policies terminated during 1900 5,835 9,923,205.00 

Policies in force December 31, 1900 39,009 $ 63,802,139.00 

Policies re-insured 45 353,631.00 

Annuities in force December 31, 1900 45 9 284.67 



GAIN AND LOSS EXHIBIT DURING THE YEAR. 

( Upon basis of Actuaries Mortality and 4 per cent, interest). 

Surplus at beginning of the year $ 537,925.00 

Loading earned on premiums of insurance and annuity 521, 995. 00 

Interest, rents, etc., earned $ 650,244.00 

Profit and loss items 87,158.00 

737, 402. 00 

Cost of insurance 721,966.00 

Reserves released by surrender and lapse, of which $73, 493 was 
from policies upon which three years' premiums had not been 
paid 312,947.00 



Total credits $ 2,832,235.00 



Insurance expenses incurred $ 744,665.00 

Investment expenses incurred 56,239.00 

$ 800, 904. 00 

Interest required to maintain reserve 489, 219. 00 

Death Josses incurred, 8878,417; annuity payments incurred, §6,826, $ 885,243.<"> 
Less re-insurance reserves and compromises on losses, and re- 
serves released by death of annuitants 370,718.00 

514, 525. 00 

Surrender and lapse values allowed 215,234.00 

Dividends to policy-holders 244, 568. 00 

Guarantee fund and surplus at end of year 567, 785. 00 

Total debits $ 2,832,235.00 



48 Document No. 10. [Session 
BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

No. Policies. Amount. 

Policies in force December 31, 1899 1,015 $ 1,518,052.00 

Written during 1900 308 438,320.00 

Terminated during WOO 172 261,827.00 

In force December 31, 1900 _ 1,151 1,694,545.00 

Losses incurred during 1900 8 9,033.00 

Losses paid during 1900 8 9,033.00 

Premiums collected during 1900 58,968.96 

Number of agents working in State for company during year, 49. 



PROVIDENT SAYINGS LIFE ASSURANCE SOCIETY OF 

NEW YORK. 

Located at New York. Incorporated 1875. Commenced Business 1875. 

Edward W. Scott, President. Wm, E. Stevens, Secretary. 



Cash capital, $100, 000. 

Amount of net or ledger assets December 31, 1899 $ 2,614,117.23 

INCOME. 

Premiums on new policies $ 730,542.91 

Renewal premiums—' 2,562,842.01 

Dividends applied to pay running premiums 104,185.38 

Surrender values applied to purchase paid-up in- 
surance 22,188.29 

Received for annuities 1,300.00 

Total premium income .$ 3,421,058.59 

Rents 25,236.98 

Interest on mortgage loans 16,169.29 

Interest on collateral loans and premium notes 32,873.77 

Interest and dividends on stocks and bonds 32,909.01 

Interest on other debts due the company 7,754.30 

Profit on sales of real estate and securities 0,437.08 

From all other sources 22,558.37 

Total income 3,567,997.39 

Aggregate last balance and income $ 6, 182, 114. 62 

DISBURSEMENTS. 

Paid for losses and additions...: $ 1,322,255.18 

Paid for matured endowments and additions 269.83 

1,322,525.01 
Deduct re-insurance 10,000.00 

Net amount paid for losses and matured endowments $ 1,312,525.01 

Paid to annuitants 1,644.40 

Premium notes voided by lapse 89,071.72 



1903.] Document No. 10. 49 

Cash dividends paid policy-holders 8 17,014.37 

Dividends applied to pay running premiums 104,185.38 

Surrender values paid in cash 70,037.78 

Surrender values applied to purchase paid-up insurance 22,188.29 

Total paid policy-holders —8 1,616,666.95 

Interest or dividends to stockholders 6,977.60 

Commissions and bonuses paid to agents— new policies, $366,548; 

renewals, 8123,495.98; annuities, $65 490,108.98 

Salaries and allowances for agencies 122,439.15 

Salaries of officers and home-office employees 185,731.74 

Medical examiners' fees and inspections 86,992.22 

Taxes on premiums, reserves, municipal and State licenses 41,794.98 

Taxes on real estate and investments 20,959.46 

Insurance Department fees and agents' licenses 4,995.48 

Repairs and expenses on real estate 8,915.09 

Rents 44,976.57 

Advertising, printing, stationery and postage 60,811.28 

Legal expenses 31,195.38 

All other expenses 154,471. In 

Total disbursements $ 2,877,035.98 

Balance $ 3,305,078.64 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 458,435.22 

Loans on mortgages 423, 200. 0u 

Loans on collaterals 20,705.13 

Loans to policy-holders on this company's policies 255,855.47 

Premium notes on policies in force 719,525. 60 

Book value of stocks and bonds 773,949.80 

Cash in company's office 28,708.08 

Cash in bank 439,820.10 

Bills receivable 2,264.42 

Agents' debit balances 182,949.23 

Total $ 3,305,413.05 

Deduct ledger liabilities — 

Agents' credit balances 9 334.41 

334. 41 



Total net ledger assets $ 3,303,078.64 

OTHER ASSETS. 

Interest and rents due and accrued 63, 530. 71 

Market value of bonds and stocks over book value 72, 263. 12 

New 
Business. Renewal-. 
Gross premiums due and unreported on policies in 

force December 31, 1900 $ 174,930.00 $ 267,176J 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 25,351.00 233,827.00 



Totals $ 200,281.00 $ 501,003.00 

Deduct cost of collection of same 100,141.00 25,050.00 

$ 100,140.00 8 475,953.00 



50 Document No. 10. [Session 

Net amount of uncollected and deferred premiums $ 576,093.00 

Revenue stamps on hand S, 369. 62 

Total assets $ 4,025,335.09 

Deduct non-admitted assets — 

Premium notes or loans $ 6,326.90 

Agents' debit balances unsecured 119,520.23 

Bills receivable unsecured 2,264.42 

Total deductions 128, 111: 55 

Total admitted assets $ 3,897,223.54 

LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to Actuaries' Table of Mortality, with 4 per 
cent, interest $ 3,241,109.00 

Deduct net value of risks re-insured 4,549.00 



Net reserve $ 3,236,560.00 

Present value of undue installment policies 9, 134. 10 

Death losses in process of adjustment or adjusted and not due $ 60,000.00 

Death losses reported but no proofs received 53,860.00 

Policy claims resisted by the company 50,500.00 

Total policy claims 164,360.00 

Premiums paid in advance 5, 398. 00 

Surrender values on cancelled policies 1, 783. 61 

Trust funds held by company 500.00 

Liabilities on policy-holders' account $ 3, 417, 735. 71 

Surplus 379,487.83 

Capital stock paid up 100,000.00 

Total liabilities $ 3,897,223.54 

EXHIBIT OF POLICIES. 

Policies and additions in force December 31, 1S99 

Written during 1900 

Revived during 1900 

Changed and increased during 1900 



Totals 

Policies terminated — No. Policies. Amount. 

By death 396 $1,334,804.00 

By maturity 1 250.00 

By expiry 5,892 23,S13,279.00 

By surrender 104 358,678.00 

By lapse 1,346 4,930,169.00 

By change and decrease 2,101 6,558,940.00 

By not being taken 1,977 6,368,277.00 



No. Policies. 




Amount. 


32,689 


8 


107,040,100.00 


9,523 




33,000,226.00 


138 




457,500.00 


2,178 




5,752,699.00 


44,52S 


$ 


146,250,525.00 



Total policies terminated during 1900 11,817 43,364,397.00 

Policies in force December 31, 1900 32,711 8 102,886,128.00 

Policies re-insured 40 436,000.00 

Annuities in force December 31, 1900 3 1,707.40 



1903.] 



Document No. 10. 



51 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

No. Policies. Amount. 

Policies in force December 31, 1899 1,027 $ 2,576,000.00 

Written during 1900 295 624,501.00 

Terminated during 1900 178 439,493.00 

In force December 31, 1900 1,144 2,761,008.00 

Losses unpaid December 31,1899 2 4,000.00 

Los?es incurred during 1900 16 32,000.00 

Losses paid during 1900 16 34,000.00 

Premiums collected during 1900 81,555.68 

Number of agents working in State for company during year, 32. 



SECURITY MUTUAL LIFE INSURANCE COMPANY OF 

NEW YORK. 

Located at Binghamton, N. Y. Incorporated 1886. Commenced Business 1887. 
W. G. Phelps, President. Charles M. Turner, Secretary. 



Amount of net or ledger assets December 31, 1899 $ 790, 116. 52 

INCOME. 

Premiums on new policies § 201,895.96 

Renewal premiums 571,642.85 

Dividends applied to pay running premiums 4,040.56 

Total premium income $ 777,579.37 

Rents 608.00 

Interest on mortgage loans 16,090.32 

Interest on collateral loans and premium notes 904.53 

Interest and dividends on stocks and bonds 9,386.13 

Interest on other debts due the company 2,365.29 

Profit on sales of real estate and securities 1,100.00 

From all other sources 12,747.45 

Total income 820,781.09 

Aggregate last balance and income $ 1, 610, 897. 61 

DISBURSEMENTS. 

Paid for losses and additions S 333,530.76 

Net amount paid for losses and matured endowments $ 333,530.76 

Return premiums 328.42 

Dividends applied to pay running premiums 4,040.56 

Surrender values paid in cash 1,387.03 

Total paid policy-holders $ 339,286.77 

Commissions and bonuses paid to agents— new policies, 591,785.50; 

renewals, $48,818.58 140,604.08 

Salaries and allowances for agencies 20,119.26 

Salaries of officers and home-offiee employees 31,351.04 



52 Document No. 10. [Session 

Medical examiners' fees and inspections 8 16,710.69 

Taxes on premiums, reserves, municipal and State licenses 10,584.77 

Taxes on real estate and investments 194.61 

Insurance Department fees and agents' licenses 3,543.66 

Repairs and expenses on real estate 354.47 

Rents 14,448.42 

Advertising, printing, stationery and postage 13,452.73 

Legal expenses 2,578.13 

All other expenses 40,110.38 

Total disbursements $ 633, 339. 01 



Balance $ 977,558.60 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 9,966.45 

Loans on mortgages 292,075.00 

Loans on collaterals 19,858.72 

Loans to policy-holders on this company's policies 74,220.03 

Book value of stocks and bonds 322,050.25 

Cash in company's office 4,460.79 

Cash in bank 153,017.64 

Bills receivable 140.35 

Agents' debit balances 99,597.40 

Suspense 1,271.97 

Total net ledger assets $ 977, 558. 60 

OTHER ASSETS. 

Interest and rents due and accrued 10, 034. 25 

Market value of bonds and stocks over book value 2,490. 25 

New 
Business. Renewals. 

Gross premiums due and unreported on policies in 

force December 31, 1900 $ 39,691.90 $ 85,002.48 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 24,897.77 

Totals $ 39,691.90 $ 109,900.25 

Deduct cost of collection of same 27,784.30 5,495.01 



$ 11,907.60 $ 104,405.24 



Net amount of uncollected and deferred premiums 116, 312. 84 

Total assets $ 1,106,395.94 

Deduct non-admitted assets — 

Suspense . $ 1,271.97 

Agents' debit balanees unsecured 99,597.40 

Bills receivable unsecured 140.35 



Total deductions 101, 009. 72 

Total admitted assets $ 1,005,386.22 

LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 
per cent, interest $ 187, 053. 00 

Net reserve $ 187, 053. 00 



1903.] 



Document No. 10. 



53 



Present value of undue installment policies $ 

Death losses in process of adjustment $ 30,500.00 

Death losses reported but no proofs received 3,000.00 

Policy claims resisted by the company 23,000.00 



47, 193. 34 



Total policy claims 62,500.00 

Due and accrued for salaries, rents, etc 19,712.42 

Loans on policies in excess of net value of same 43, 261. 00 

Liabilities on policy-holders' account $ 359, 719. 76 

Surplus 645,666.46 

Total liabilities $ 1, 005, 386. 22 



EXHIBIT OF POLICIES. 



Policies and additions in force December 31, 1899 . 
Written during 1900 

Revived during 1900 

Changed and increased during 1900 

Transferred 



No. Policies. 

14,582 

3,907 

306 



466 



Totals 

Policies terminated — 

By death 

By surrender 

By lapse 

By change and decrease 
Transferred 



19,321 



Amount. 

$ 29,308,883.00 

7,306,274.00 

743,052.00 

26,417.00 

828,030.00 

$ 38,212,056.00 



No. Policies. 
157 
25 
3,344 



466 



Amount. 

359,980.00 

73,500.00 

6,415,745.00 

58,000.00 

828,030.00 



Total policies terminated during 1900. 
Policies in force December 31, 1900 



3,992 



15,329 



7,735,255.00 
S 30,477,401.00 



GAIN AND LOSS EXHIBIT DURING THE YEAR. 

(Upon basis of Actuaries' Mortality and 4 per cent, interest). 

Surplus at beginning of the year $ 

Loading earned on premiums of insurance and annuity 

Interests, rents, etc., earned 



Profit and loss items 



31,489.13 
102,537.29 



Cost of insurance . 

Reserves released by surrender and lapse, of which $3, 587 was 
from policies upon which three years' premiums had not been 
paid 

Total credits $ 

Insurance expenses incurred $ 300,001.70 

Investment expenses incurred 1,395.41 



$ 



Interest required to maintain reserve 

Death losses incurred I 

Less re-insurance reserves and compromises on losses, and re- 
serves released by death of annuitants 



359,980.99 
23, 470. OS 



567, 643. 47 
218, 451. 14 



134, 026. 42 
333, 682. 04 



41, 796. 00 
1, 295, 599. 07 



301, 397. 11 
6, 603. 00 



336, 504. 91 



54 Document No. 10. [Session 

Surrender and lapse values allowed $ 1, 387. 03 

Dividends to policy- holders 4, 040. 56 

Guarantee fund and surplus at end of year 645, 666. 46 

Total debits $ 1,295,599.07 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

No. Policies. Amount. 

Policies in force December 31, 1899 142 $ 326,000.00 

Written during 1900 28 78,022.00 

Terminated during 1900 53 110,500.00 

In force December 31, 1900 117 293,522.00 

Losses incurred during 1900 1 2,000.00 

Losses paid during 1900 1 2,000.00 

Premiums collected during 1900 5,162.54 

Number of agents working in State for company during year, 10. 



SECURITY TRUST AND LIFE INSURANCE COMPANY OF 

PENNSYLVANIA. 

Located at Philadelphia, Pa. Incorporated 1871. Commenced Business 1895. 
Robert E. Pattison, President. Edwin S. Bartlett, Secretary. 



Cash capital, $500, 000. 

Amount of net or ledger assets December 31, 1899 $ 1, 327, 169. 78 

INCOME. 

Premiums on new policies S 208, 272. 3S 

Renewal premiums 461,342.47 

Premium note advances : 8,354.72 

Total premium income $ 680,969.57 

Rents 134,772.39 

Interest on mortgage loans 5,456.68 

Interest on collateral loans and premium notes 6,235.35 

Interest and dividends on stocks and bonds 3,287.25 

From all other sources 29,9S9.66 

Total income 860, 710. 90 

Aggregate last balance and income $ 2, 187, 880. 68 

DISBURSEMENTS. 

Paid for losses and additions $ 274,037.64 

Net amount paid for losses and matured endowments S 274,037.64 

Paid for health claims 10,911.06 

Premium notes voided by lapse 6,062.25 



1903.] Document No. 10. 55 

Surrender values paid in cash $ 3,618.65 

Premiums returned 406.17 

Total paid policy-holders S 295,035.77 

Commissions and bonuses paid to agents— new policies, $142, 802. 77; 

renewals, $29,567.17 172,371.94 

Salaries and allowances for agencies 4,023.80 

Salaries of officers and home-office employees 34,524.43 

Medical examiners' fees and inspections 15,879.46 

Taxes on premiums, reserves, municipal and State licenses 14,118.94 

Taxes on real estate and investments 35,755.45 

Insurance Department fees and agents' licenses 4,190.38 

Repairs and expenses on real estate 41,022.15 

Rents 21,022.79 

Advertising, printing, stationery and postage 12,378.06 

Legal expenses 9,065.24 

All other expenses 125,965.76 

Total disbursements $ 785,354.17 

Balance $ 1,402,526.51 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 952,500.00 

Loans on mortgages 100,800.00 

Loans to policy-holders on this and other companies' policies 17,127.55 

Premium notes on policies in force 44,445.01 

Book value of stocks and bonds 90,025.84 

Cash in bank 176,149.26 

Bills receivable 10,953.96 

Agents' debit balances 23,869.99 

Allother 23,998.63 

Total $ 1,439,868.24 

Deduct ledger liabilities — 

Borrowed money 3 36,000.00 

All other 1.341.73 

37, 341. 73 



Total net ledger assets $ 1, 402, 526. 51 

OTHER ASSETS. 

Interest and rents due and accrued 8, 288. 44 

New 
Business. Renewals. 

Gross premiums due and unreported on policies in 

force December 31, 1900 $ 38,379.05 $ 10,214.25 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 20,434.86 63,394.44 

Totals 9 58,814.51 $ 73,608.69 

Deduct cost of collection of same 35,288.71 4,416.52 

$ 23,525.80 $ 69,192.17 



Net amount of uncollected and deferred premiums 92, 717. 97 

Total assets * 1,503,532.92 



56 Document No. 10. [Session 

Deduct non-admitted assets — 

Company's stock— owned _: $ 18,500.00 

Depreciation in bonds and stocks 1,495.84 

Depreciation in sundry accounts 2, ('■23. 57 

Bills receivable unsecured 2,780.00 



Total deductions $ 25, 399. 41 

Total admitted assets $ 1,478,133.51 

LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 
per cent, interest $ 75(5,417.00 

Net reserve $ 756,417.00 

Death losses in process of adjustment or adjusted and not due $ 56,400.00 

Death losses reported but no proofs received 8,580.00 

Policy claims resisted by the company 31,600.00 

Total policy claims 96,580.00 

Due and accrued for salaries, rents, etc 4,483.61 

Premiums paid in advance L 260. 90 

Health claims in process of adjustment 1, 319. 26 

Accrued interest 35, 088. 89 

Liabilities on policy-holders' account $ 895,149.66 

Surplus - 82,983.85 

Capital stock paid up 500, 000. 00 

Total liabilities $ 1,478,1 33.51 

EXHIBIT OF POLICIES. 

No. Policies. Amount. 

Policies and additions in force December 31, 1899 5,755 $ 12,628,318.00 

Written during 1900 3,391 7,132,064.00 

Revived during 1900 41 93,972.00 

Changed and increased during 1900 1,474 2,679,652.00 

Totals 10,661 $ 22,534,006.00 

Policies terminated— No. Policies. Amount. 

By death 105 $ 306,617.00 

By expiry 2 3,500.00 

By surrender 100 294,072.00 

By lapse -• 990 1,969,643.00 

By change and decrease 1,482 2,721,002.00 

By not being taken 1,583 3,861,713.00 

Total policies terminated during 1900 4,262 9,156,547.00 

Policies in force December 31, 1900 6,399 $ 13,377,459.00 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Policies in force December 31, 1899 
Written during 1900 

Terminated during 1900 

In force December 31, 1900 

Losses unpaid December 31, 1899— 

Losses incurred during 1900 

Losses paid during 1900 

Premiums collected during 1900 



No. Policies. 


Amount. 


180 : 


I 296,498.00 


98 


142,209.00 


68 


119,387.00 


210 


319,320.00 


2 


2,000.00 


1 


2,500.00 


3 


4,500.00 




10,796.33 



1903.] Document No. 10. 57 

SOUTH-ATLANTIC LIFE INSURANCE COMPANY OF 

VIRGINIA. 

Located at Richmond, Va. Incorporated 1900. Commenced Business 1900. 
Beverly B. Munford, President. Louis T. Dobie, Secretary. 



Cash capital, $223, 907. 
Amount of net or ledger assets $ 223, 907. 00 

INCOME. 

Premiums on new policies $ 25,075.4S 

Premiums on business written prior to December 31- 1,145.63 



Total premium income $ 26,221.11 

Interest on collateral leans and premium notes 3,454.56 

Interest on other debts due the company 432.76 

Total income 30,108.43 

Aggregate last balance and income $ 254, 015. 43 

DISBURSEMENTS. 

Commissions and bonuses paid to agents — new policies $ 8,514.92 

Salaries and allowances for agencies 241.78 

Salaries of officers and home-office employees 11,333.60 

Medical examiners' fees 1,760.00 

Taxes on premiums, reserves, municipal and State licenses 655.58 

Insurance Department fees and agents' licenses 319.16 

Rents 1,218.75 

Advertising, printing, stationery and postage 6,482.98 

Legal expenses 1,676.15 

All other expenses 4,293.41 



Total disbursements 36,496.33 

Balance $ 217, 519. 10 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Loans on collaterals $ 136,899.26 

Premium notes on policies in force 2,255.70 

Book value of stocks and bonds 511,930.00 

Cash in company's office. 1,337. 51 

Cash in bank 23,686.72 

Agents' debit balances 2,465.78 

Total $ 217,574.97 

Deduct ledger liabilities — 

Agents' credit balances $ 55.87 



55.87 



Total net ledger assets $ 217, 519. 10 

OTHER ASSETS. 

Interest and rents due and accrued 89. 41 

Market value of bonds and stocks over book value 3, 170. 00 



58 



Document No. 10. 



[Session 



New 
Business. 



Renewals. 



Gross premiums due and unreported on policies in 
force December 31, 1900 J 

Gross deferred premiums on policies in force De- 
cember 31, 1900 

Totals i 

Deduct cost of collection of same 



5,203.69 $ 
4,697.82 



9,901.51 $ 
4,623.84 



5,277.67 $ 



Net amount of uncollected and deferred premiums $ 5, 277. 67 

Furniture and fixtures 1, 676. 15 

Printing and stationery 2, 000. 00 



Total assets $ 

Deduct non-admitted assets — 

Company's stock— owned $ 20,594.26 

Furniture, fixtures and supplies 3,676.15 



Total deductions 

Total admitted assets 



LIABILITIES. 



Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 
per cent, interest 

Deduct net value of risks re-insured 



4,981.00 
936.00 



Net reserve 

Due and accrued for salaries, rents, etc. -- 

Liabilities on policy-holders' account 
Surplus 

Total liabilities 



EXHIBIT OF POLICIES. 



New policies issued 

Totals 

Policies terminated — 

By expiry 

By lapse 

By not being taken. 



No. Policies. 

576 

576 



No. 


Policies. 




Amount. 






4 


8 


7,000.00 




4 




2,500. 


00 




1G 




25,500. 


00 



Total policies terminated during 1900- 

Policies in force December 31, 1900 

Policies re-insured 



24 



552 



229, 732. 33 



24, 270. 41 
205, 461. 92 



4, 045. 00 
2, 149. 16 



-$ 6, 194. 16 

199, 267. 76 

.$ 205, 461. 92 



Amount. 
1,018,250.00 

1,018,250.00 



35,000.00 



983,250.00 
145,000.00 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Written during 1900 

Terminated during 1900 

In force December 31, 1900 

Premiums collected during 1900 



No. Policies. 


A 


MOUNT. 


38 




54,500.00 


1 




1,000.00 


37 




53,500.00 

875.37 



Number of agents working in State for company during year, 6. 



1903.] Document No. 10. 59 

STATE MUTUAL LIFE ASSURANCE COMPANY OF 

MASSACHUSETTS. 

Located at Worcester, Mass. Incorporated 1844. Commenced Business 1845. 
A. G. Bullock, President. H. M. Witter, Secretary. 



Amount of net or ledger assets December 31, 1899 $ 15, Oil, 248. 41 

INCOME. 

Premiums on new policies § 386,081.24 

Renewal premiums * 2,321,314.17 

Dividends applied to pay running premiums 304,805.92 

Dividends applied to purchase paid-up insurance 101,712.81 



Total premium income $ 3,113,914.14 

Rents 105,690.79 

Interest on mortgage loans 118,661.22 

Interest on collateral loans and premium notes 81,584.11 

Interest and dividends on stocks and bonds 422,196.76 

Interest on other debts due the company 10,585.12 

Interest on deferred premiums 3,519.51 

Discount on claims paid in advance 258.42 

From all other sources 1,500.00 



Total income 3,857,910.07 

Aggregate last balance and income $ 18,869, 158.48 

DISBURSEMENTS. 

Paid for losses and additions $ 1,002,418.40 

Paid for matured endowments and additions 20,000.00 



Net amount paid for losses and matured endowments $ 982,418.40 

Premium notes voided by lapse 5,709.00 

Cash dividends paid policy-holders 5,840.01 

Dividends applied to pay running premiums 304,805.92 

Dividends applied to purchase paid-up insurance 101,712.81 

Surrender values paid in cash 279,358.69 

Total paid policy-holders $ 1,679,844.83 



Commissions and bonuses paid to agents — new policies, $185,295.25; 

renewals, $189,020.22 374,315.47 

Salaries and allowances for agencies 44,381.25 

Salaries of officers and home-office employees 65,233.68 

Medical examiners' fees and inspections 29,259.83 

Taxes on premiums, reserves, municipal and State licenses 42,047.46 

Taxes on real estate and investments 26,781.06 

Insurance Department fees and agents' licenses 5,312.28 

Repairs and expenses on real estate 38,846.39 

Rents 32,369.12 

Advertising, printing, stationery and postage 19,287.60 

Legal expenses 5,588.11 

All other expenses 58,263.73 



Total disbursements 2,421,530.81 

Balance $ 16,447,627.67 



60 Document No. 10. [Session 

Deduct premium notes (included in deferred premiums) $ 152, 191. 37 



Total balance $ 16,295,436.30 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 1,722,000.00 

Loans on mortgages 2,887,185.79 

Loans on collaterals 520 460.00 

Loans to policy-holders on this company's policies 896,007.65 

Book value of stocks and bonds 9,796,222.00 

Cash in company's office 7,495.65 

Cash in bank 466 065.21 

Total net ledger assets $ 16, 295, 436. 30 

OTHER ASSETS. , 

Interest and rents due and accrued 207, 074. 34 

Market value of bonds and stocks over book value 886, 415. 00 

New 
Business. Renewals. 
Gross premiums due and unreported on policies in 

force December 31, 1900 $ 55,060.42 $ 145,711.01 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 50,298.04 225,564.48 

Totals $ 111,358.46 $ 371,275.49 

Deduct cost of collection of same 52,349.61 25,580.88 

$ 59,008.85 $ 345,694.61 



Net amount of uncollected and deferred premiums 404, 703. 46 

Total admitted assets $ 17, 793, 629. 10 

LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 
per cent, interest $ 15,908,692.00 

Deduct net value of risks re-insured 41,696.00 

Net reserve $ 15,866,996.00 

Present value of undue installment policies 1,352.52 

Death losses reported but no proofs received $ 43,833.38 

Policy claims resisted by the company 7,000.00 

Total policy claims 50,833.38 

Special reserve for deferred dividends 15, 000. 00 

Liabilities on policy-holders' account $ 15,934,181.90 

Surplus 1,859,447.20 

Total liabilities $ 17, 793, 629. 10 

EXHIBIT OF POLICIES. 

No. Policies. Amount. 

Policies and additions in force December 31, 1899 27,364 $ 74,933,729.00 

Written during 1900 5,082 12,161,378.00 

Revived during 1900 6 14,500.00 

Changed and increased during 1900 42,701.00 

Additions 196,929.00 

Transferred 10 22,350.00 

Totals 32,462 $ 87,371,587.00 



1903.] Document No. 10. 61 

Policies terminated— No. Policies. Amount. 

By death 270 $ 813,717.00 

By maturity 67 213,856.00 

By expiry 5 11,000.00 

By surrender 696 1,395.085.00 

By lapse 951 1,936,495.00 

By change and decrease 40 806,006.00 

By not being taken 534 1,283,981.00 

Transferred 10 22,350.00 

Total policies terminated during 1900 2,573 $ 6,482 490.00 

Policies in force December 31, 1900 29,889 $ 80,889,097.00 

Policies re-insured 30 360,'eOO.OO 

GAIN AND LOSS EXHIBIT DURING THE YEAR. 

(Upon basis of Actuaries'' Mortality and 4 per cent, interest). 

Surplus at beginning of the year $ 1,605,835. 15 

Loading earned on premiums of insurance and annuity 691, 119. 70 

Interest, rents, etc., earned $ 767,082.30 

Profit and loss items 117 623.62 

884, 705. 92 

Cost of insurance 892,476.33 

Reserves released by surrender and lapse, of which $34, 149. 02 was 
from policies upon which three years' premiums had not been 
paid 341,451.23 

Total credits $ 4,415,588.33 

Insurance expenses incurred $ 633,414.35 

Investment expenses incurred 85,404.79 

$ 718, 819. 14 

Interest required to maintain reserve 607, 195.41 

Death losses incurred $ 791,804.66 

Less re-insurance reserves and compromises on losses, and re- 
serves released by death of annuitants 274,263.76 

517, 540. 90 

Surrender and lapse values allowed 285, 067. 69 

Dividends to policy-holders 427, 358. 74 

Guarantee fund and surplus at end of year 1, 859, 606. 45 

Total debits $ 4,415,588.33 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

No. Policies. Amount. 

Policies in force December 31, 1899 339 $ 545,523.00 

Written during 1900 75 123,703.00 

Terminated during 1900 30 49 400. 00 

In force December 31, 1900 384 619,820.00 

Losses incurred during 1900 . 7 2 335.95 

Losses paid during 1900 7 2 335.95 

Premiums collected during 1900 20,973.85 

Number of agents working in State for company during year, 8. 



62 



Document No. 10. 



[Session 



STATE LIFE INSURANCE COMPANY OF INDIANA. 

Located at Indianapolis, Ind. Incorporated 1894. Commenced Business 1894. 
Andrew M. Sweeney, President. Wilbur S. Wynn, Secretary. 



Amount of net or ledger assets December 31, 1899 $ 336,628. 13 

INCOME. 

Premiums on new policies $ 228,811.33 

Renewal premiums 388,722.24 

Dividends applied to pay running premiums 22,267.52 

Surrender values applied to pay running premiums _ 336.32 
Surrender values applied to purchase paid-up insur- 
ance 830.68 

Total premium income S 640,968.09 

Interest on mortgage loans 18,184.19 

Interest on collateral loans and premium notes 793.96 

Interest on other debts due the company 947.48 

Interest on deferred premiums 1,428.63 

From all other sources 2,016.64 

Total income 6 64, 338. 99 

Aggregate last balance and income $ 1, 000, 967. 12 

DISBURSEMENTS. 

Paid for losses and additions $ 92,600.00 

Net amount paid for losses and matured endowments $ 92,600.00 

Cash dividends paid policy-holders 14.37 

Dividends applied to pay running premiums 22,267.52 

Surrender values paid in cash 572.25 

Surrender values applied to pay running premiums 336.32 

Surrender values applied to purchase paid-up insurance 830.68 

Total paid policy-holders $ 116,621.14 

Commissions and bonuses paid to agents— new policies, $141,960.40; 

renewals, $46,288.79 188,249.19 

Salaries and allowances for agencies 14,939.06 

Salaries of officers and home-office employees 45,235.38 

Medical examiners' fees and inspections 12,729.00 

Taxes on premiums, reserves, municipal and State licenses 6,894.94 

Taxes on real estate and investments 1,593.63 

Insurance Department fees and agents' licenses 4,111.98 

Rents 3,855.50 

Advertising, printing, stationery and postage 11,052.78 

Legal expenses 6,720.89 

All other expenses 16,948.80 

Total disbursements 428, 952. 29 

Balance $ 572,014.83 



1903.] Document No. 10. 63 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Loans on mortgages $ 500,072.50 

Loans on collaterals 4,264.22 

Loans to policy-holders on this company's policies 3,972.28 

Book value of stocks and bonds 1,000.00 

Cash in company's office 3,332.27 

Cash in bank 48,014.59 

Agents' debit balances 11,358.97 

Total net ledger assets $ 572,014. 83 

• OTHER ASSETS. 

Interest and rents due and accrued 6,010. 88 

New 
Business. Renewals. 

Gross premiums due and unreported on policies in 

force December 31, 1900 $ 69,300.83 $ 49,427.44 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 3,481.57 23,322.38 



Totals $ 72,782.40 $ 72,7-19.82 

Deduct cost of collection of same 43,669.44 3,637.49 



S 29,112,96 S 69,112.33 
Less agents' unapplied cash credits 4,919.42 



Net amount of uncollected and deferred premiums 93, 305. 87 

Renewal premium (extension) notes not included in above 11, 397. 86 

Total assets $ 682, 729.44 

Deduct non-admitted assets — 

Agents' debit balances unsecured $ 11,358.97 

Total deductions 11, 358. 97 

Total admitted assets $ 671, 370. 47 

LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 
per cent, interest $ 390,693.47 



Net reserve $ 390,693.47 

Death losses in process of adjustment oradjusted and not due $ 10,000.00 

Policy claims resisted by the company 5,000.00 

Total policy claims 15,000.00 

Unpaid dividends, etc., due policy-holders 757.56 

Due and accrued for salaries, rents, etc. 1,881.48 

Premiums paid in advance 1, 262. 31 

Liabilities on policy-holders' account $ 409,594.82 

Surplus 261,775.65 

Total liabilities T $ 671,370.47 



64 



Document No. 10. 



[Session 



EXHIBIT OF POLICIES. 



Policies and additions in force December 31, 1899 

Written during 1900 

Revived during 1900 

Changed and increased during 1900 

Totals 

Policies terminated — 

By death 

By surrender 

By lapse 

By change and decrease 

By not being taken 

Total policies terminated during 1900 

Policies in force December 31, 1900 _. 



No. Policies. 

5,070 

3,841 

54 

978 



9,949 



Amount. 
'22,208,470.00 
10,910,007.00 
247,500.00 

3,987,250.00 

37,359,227.00 



No. Policies. 

23 

72 
848 
97S 
348 



Amount. 

92, GOO. 00 

312,500.00 

3,578,900.00 

3,987,250.00 

1,048,100.00 



2,269 



9,019,350.00 



,680 



2S,339,S77.00 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Policies in force December 31, 1899. 

Written during 1900 

Terminated during 1900 

In force December 31, 1900 

Losses incurred during 1900 

Losses paid during 1900 

Premiums collected during 1900--. 



No. 


Policies. 


Amount. 




86 8 


284,000.00 




194 


412,000.00 




39 


113,000.00 




241 


583,000.00 




1 


1,000.00 




1 


1,000.00 
12,703.57 



Number of agents working in State for company during year, 1. 



SUN LIFE ASSURANCE COMPANY OF CANADA. 

Located at Montreal, Canada. Incorporated 1865. Commenced Business 1871. 
Robertson Macauley, President. T. B. Macauley, Secretary. 



Cash capital, $105,000. 

Amount of net or ledger assets December 31, 1899 

INCOME. 

Premiums on new policies ■ $ 420,503.54 

Renewal premiums 1,733,366.79 

Dividends applied to pay running premiums 13,136.08' 

Dividends applied to purchase paid-up insurance— 30,023.41 

Surrender values applied to pay running premiums. 1,131.84 

Received for annuities 65,372.04 

Thrift Department 84,045.82 

Total premium income S 2,347,579.02 



$ 8, 643, 886. 55 



1903.] 



Document No. 10. 



65 



Rents 8 24,233.85 

Interest on mortgage loans 

Interest on collateral loans and premium notes _ 

Interest and dividends on stocks and bonds V. 416,177.04 

Interest on other debts due the company 

Interest on deferred premiums 

Profit on sales of real estate and securities 1,072.50 

From all other sources 164.11 



Total income 

Aggregate last balance and income 

DISBURSEMENTS. 

Paid for losses and additions $ 489,989.22 

Paid for matured endowments and additions 94,241.154 



? 2, 789, 226. 52 
-§ 11,433,113.07 



Net amount paid for losses and matured endowments 8 

Paid to annuitants 

Cash dividends paid policy-holders 

Dividends applied to pay running premiums 

Dividends applied to purchase paid-up insurance 

Surrender values paid in cash 

Surrender values applied to purchase paid-up insurance 

Total paid policy-holders 8 843,746.15 

Interest or dividends to stockholders 

Commissions and bonuses paid to agents — new policies, §247,341. 53; 
renewals, $87,796.50 

Salaries and allowances for agencies 

Salaries of officers and home-office employees 

Medical examiners' fees and inspections 

Taxes on premiums, reserves, municipal and State licenses 

Insuiance Department fees and agents' licenses 

Rents 

Advertising, printing, stationery and postage 

Legal expenses 

All other expenses 



584,230.86 
38,076.78 
16,684.47 
13,136.08 
30,023.41 

160,462.71 
1,131.84 

15,750.0 I 

335,138.03 
96,407.29 
64,761.67 

31,583.11 

7,783.62 

14,745.51 

2(1,162.0? 
33,208.83 

3,396.48 
69,689.95 



Total disbursements 



1,536, 172.67 



Balance $ 9,896,940.40 



ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 1,072,072.66 

Loans on mortgages 3,627,855.72 

Loans on collaterals 131,190.00 

Loans to policy holders on this company's policies 648,073.58 

Premium notes on policies in force 1,092.35 

Book value of stocks and bonds 3,934,462.26 

22,531.55 

231,983.55 

2,972.91 

192,505.04 

38,640.00 



Cash in company's office 

Cash in bank 

Agents' debit balances 

Policy loans under non-forfeiture agreements. 
Ground rents 



Total $ 9,903,379.62 

Deduct ledger liabilities — 

All other 3 6,439.22 

6, 439. 22 
Total net ledger assets $ 9,896,940.40 

5 



6Q Document No. 10. [Session 



OTHER ASSETS. 

Interest and rents due and accrued $ 176, 651. 32 

Market value of bonds and stocks over book value 52, 150. 82 

New 
Business. Renewals. 

Gross premiums due and unreported on policies in 

force December 81, 1900 8 83,275.00 8 172,967.83 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 27,231.36 110,029.54 



Totals 8 110,506.96 $ 228,997.37 

Deducl cost of collection of same 33,152.09 8,669.92 



8 77,354.87 $ 280,327.45 



Net amount of uncollected and deferred premiums 357,682.32 

Total assets $ 10,483,424.86 

Deduct non-admitted assets — 

Agents' debit balances unsecured 8 2,972.91 



Total deductions 2,972.91 

Total admitted assets $ 10,480,451.95 

LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 per 
cent, interest 8 9,814,334.02 

Deduct net value of risks re-insured 5,790.91 



Net reserve I 9,808,543.11 

Present value of undue installment policies 8, 489. 02 

Matured endowments due and unpaid $ 2,610.27 

Death losses in process of adjustment or adjusted and not due — 32,943.87 

Death losses reported but no proofs received 39,416.65 

Due and unpaid on annuities and installment policies 1,460.00 

Total policy claims 96,430.79 

Unpaid dividends, etc., due policy-holders 20,659.45 

Unpaid dividends and interest due stockholders 7, 875. 00 

Premiums paid in advance 9, 066. 90 

Accident department 98. 46 

Liabilities on policy-holders' account $ 9, 951, 162. 73 

Surplus 424,289.22 

Capital stock paid up 105, 000. 00 

Total liabilities $ 10,480,451.95 

EXHIBIT OF POLICIES. 

Policies and additions in foree December 31, 1899 

Written during 1900 

Revived during 1900 

Changed and increased during 1900 

Totals 



No. Policies. 




Amount. 


48,925 


8 


52,806,036.00 


12,606 




11,819,448.00 


438 




309,028.00 


86 


8 


623,900.00 


62,055 


65,558,412.00 



1903.] Document Xo. 10. 67 

Policies terminated — No. Policies. Amount. 

By death 499 $ 528,871. Of 

By maturity 73 97,090.00 

By expiry 3 10, .500.00 

By surrender 757 1,320,143.00 

By lapse 7,295 3,048,473.00 

By change and decrease 242 547,713.00 

By not being taken 1,981) 2,024,987.00 

Total policies terminated during 1900 10,849 8 7,577,777.00 

Policies in force December 31, 1900 51,206 8 57,980,635.00 

Policies re-insured 3 31,050.00 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

No. Policies. Amount. 

Policies in force December 31, 1899 1,587 8 226,706.30 

Written during 1900 424 308,255.35 

Terminated during 1900 712 266,703.25 

In force December 31, 1900 1,299 568,258.40 

Losses unpaid December 31, 1899 706.30 

Losses incurred during 1900 12,268.17 

Losses paid during 1900 12,434.92 

Premiums collected during 1900 17,542.66 

Number of agents working in State for company during year, 32. 



TRAVELERS LIFE INSURANCE COMPANY OF 

CONNECTICUT. 

Located at Hartford, Conn. Incorporated 1863. Commenced Business 1864. 
James G. Battersox, President. John E. Morris, Secretary. 



Cash capital, $1,000,000. 
Amount of net or ledger assets December 31, 1899 $ 26,036,193.03 

INCOME. 

Premiums on new policies 8 3,972,921 

Renewal premiums 2,780,510.84 

Surrender values applied to pay running premiums. 397.86 

Received for annuities 20,570.10 

Total premium income 8 6, 774, 400. 4G 

Rents 109,040.99 

Interest on mortgage loans 322,873.154 

Interest on collateral loans and premium notes 160,043.48 

Interest and dividends on stocks and bonds 683,909.46 

Interest on other debts due the company 61,487.84 

Discount on claims paid in advance 1,672.47 

Profit on sales of real estate and securities 48,825.79 

From all other sources 22,576.03 

Total income 8,184,830.16 

Aggregate last balance and income $ 34, 221, 023. 19 



68 Document No. 10. [Session 

. DISBURSEMENTS. 

Paid for losses and additions $ 2,412,003.02 

Paid for matured endowments and additions 302,481.87 



Net amount paid for losses and matured endowments, less re- 
insurance S 2,735,544.89 

Paid to annuitants 17,6J5.86 

Surrender values paid in cash 155,303.28 

Surrender values applied to pay running premiums 397.8(5 

Total paid policy-holders S 2,908,801.89 

Interest or dividends to stockholders 150,000.00 

Commissions and bonuses paid to agents— new poliei-s, SI, 198,728. 21; 
renewals, $150,105.70; annuities,$640.23; single premium poli- 
cies, $35.14 1,349,509.28 

Salaries and allowances for agencies 144,619.22 

Salaries of officers and home-office employee* 200,055.06 

Medical examiners' fees and inspections 91, 010.89 

Taxes on premiums, reserves, municipal and State licenses 122,405.88 

Taxes on real estate and investments 33,698.91 

Insurance Department fees and agents' licenses 10,807.23 

Repairs and expenses on real estate 132,898.06 

Rents 40.348.27 

Advertising, printing, stationery and postage 131,655.48 

Legal expenses 29,488.90 

All other expenses 35,038.07 

Total disbursements $ 5,548,453.19 

Balance I 28, 672, 570. 00 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate 3 1,909,891.79 

Loans on mortgages 5,950,339.28 

Loans on collaterals 1,182,450.00 

Loans to policy-holders on this company's policies 1,586,652,20 

Book value of stocks and bonds _ 16,251,060.63 

Cash in company's office 3,611.73 

Cash in bank 1,779,161.40 

Agents' debit balances 9,402.97 

Total net ledger assets $ 28. 672, 570. 00 

OTHER ASSETS. 

Interest and rents due and accrued 275, 551. 52 

Market value of real estate over book value 161, 642. 72 

Market value of stocks and bonds over book value 1, 185, 343. 62 

Nr.w 

Business. Renewals. 
Gross premiums due and unreported on policies in 

force December 31, 1900 § 105,120.85 $ 230,147.00 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 74,368. 10 348,478.22 

Totals $ 179,488.95 $ 578,025.22 

Deduct cost of collection of same 80,770.03 34,717.* 



$ 98,718.92 § 543,907.71 



Net amount of uncollected and deferred premiums 642, 626. 63 

Total assets $ 30,937,734.49 



1903.] Document No. 10. 69 

Deduct non-admitted a-set- — 

Agents' debit balances unsecured 8 9,402.97 

Total deductions $ 9,402.97 

Total admitted assets $ 30,928,331.52 



LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 per 
cent, interest $ 23,347,517.74 

Deduct net value of risks re-insured 486,856.00 



Net reserve -, $ 22,860,661.74 

Present value of undue installment policies 1,045,536.00 

Matured endowments due and unpaid S 4,047.00 

Death losses in process of adjustment or adjusted and not due 116,276.15 

Death losses reported but no proofs received 149,682.30 

Policy claims resisted by the company 98,031.30 

Policy claims resisted for employers 623,734.29 

Total policy claims, less $10,000 due for re-insurance 981, 771. 04 

Due and accrued for salaries, rents, etc. 110,000.00 

Premiums paid in advance 18, 744. 93 

Additional reserve on life policies 1, 118, 491. 00 

Special reserve, Liability Department 250,000.00 

Liabilities on policy-holders' account $ 26,385,204.71 

Surplus 3,543, 126.81 

Capital stock paid up 1,000,000.00 

Total liabilities $ 30,928,331.52 

EXHIBIT OF POLICIES. 

No. Policies. Amount. 

Policies and additions in force December 31, 1899 39,311 8 100,334,554.00 

Written during 1900 7,953 18,501,577.00 

Revived during 1900 53 160,489.00 

Changed and increased during 1900 25,541.00 

Transferred 488 1,604,733.00 

Totals 47,805 $ 120,626,894.00 

Policies terminated — No. Policies. Amount. 

By death 507 3 1,413,887.00 

By maturity 189 356,852.00 

By expiry 257 740,450.00 

By surrender 384 896,101.00 

By lapse 1,624 3,308,177.00 

By change and decrease 137 531,063.00 

By not being taken 1,073 2,755,780.00 

By transfer 488 1,604,733.00 



Total policies terminated during 1900 4,659 11,697,043.00 

Policies in force December 31, 1900 43,146 8 109,019,851.00 

Policies re-insured 353 3,512,434.00 

Annuities in force December 31, 19U0 56 20,379.00 



70 Document No. 10. [Session 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

No. Policies. Amount. 

Policies in force December 31, 1899 1,488 $ 4,471,418.00 

Written during 1900 2,292 5,280,778.00 

Terminated during 1900. 2,034 4,432,595.00 

In force December 31,1900 1,746 4,325,601.(10 

Losses unpaid December 31, 1899 3 3,600.00 

Losses incurred during 1900 415 22,741.58 

Losses paid during 1900 417 24,491.58 

Premiums collected during 1900 ! 60,410.70 



UNION CENTRAL LIFE INSURANCE COMPANY OF OHIO. 

Located at Cincinnati, Ohio. Incorporated 1867. Commenced Business 1867. 
John M. Pattison, President. E. P. Marshall, Secretary. 



Cash capital, §100, 000. 

Amount of net or ledger assets December 31, 1899 $ 22,589,627.11 

INCOME. 

Premiums on new policies $ 92fi,475.68 

Renewal premiums 3,642,274.55 

Dividends applied to pay running premiums 94,805.16 

Dividends applied to purchase paid-up insurance — 35,750.79 
Surrender values applied to pay running premiums, 6,904.07 
Surrender values applied to purchase paid-up insur- 
ance 93,133.59 

Received for annuities 43,435.85 

Total premium income § 4,842,779.69 

Rents 30,552. SI 

Interest on mortgage loans 1,157,537.64 

Interest on collateral loans and premium notes 680,046.02 

Interest and dividends on stocks and bonds 7,724.48 

Interest on other debts due the company 177,692.97 

Profit on sales of real estate and securities 4,935.25 

Total income 6,289,268.86 

Aggregate last balance and income $ 28, 878, 895. 97 

DISBURSEMENTS. 

Paid for losses and additions $ 963,241.40 

Paid for matured endowments and additions 529,366.88 

Net amount paid for losses and matured endowments, less re- 
ceived on re-insured $ 1,484,608.34 

Paid to annuitants 16,455.21 

Premium notes voided by lapse 156,096.59 



1903.] Document No. 10. 71 

Cash dividends paid policy-holders $ 143,289.37 

Dividends applied to pay running premiums 94,805.1.0 

Dividends applied to purchase paid-up insurance 35,750.79 

Surrender values paid in cash 97,370.70 

Surrender values applied to pay running premiums 0,904.07 

Surrender values applied to purchase paid-up insurance 93,133.59 

Total paid policy-holders S 2,128,419.82 

Interest or dividends to stockholders 10,000.00 

Commissions and bonuses paid to agents— new policies, $470,842.60; 

renewals, 1235,776.83; annuities, S2.171.79 708,791.22 

Salaries and allowances for agencies 55,094.90 

Salaries of officers and home-office employees 120,638.53 

Medical examiners' fees and inspections 55,511.00 

Taxes on premiums, reserves, municipal and State licenses 64,535.49 

Taxes on real estate and investments 10,055.73 

Insurance Department fees and agents' licences 13,595.82 

Repairs and expenses on real estate 13,378.10 

Rents 28,052.01 

Advertising, printing, stationery and postage 40,996.35 

Legal expenses 24,033.98 

All other expenses 304,418.29 

Total disbursements $ 3, 577, 521. 24 

Balance $ 25,301,374.73 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 460,012.09 

Loans on mortgages 20,53S,(320.16 

Loans to policy-holders on this company's policies 2,466,240.49 

Premium notes on policies in force 1,046,093.98 

Book value of stocks and bonds 163,912.41 

Cash in company's office 970.83 

Cash in bank 425,297.51 

Bills receivable 29,559.59 

Agents' debit balances 177,433.74 

Total $ 25,309,340.80 

Deduct ledger liabilities — 

Agents' credit balances 8 7,966.07 

7, 966. 07 



Total net ledger assets $ 25,301,374.73 

OTHER ASSETS. 

Interest and rents due and accrued 822, 170. 96 

Market value of bonds and stocks over book value 13, 887. 59 

New 
Business. Renewals. 

Gross premiums due and unreported on policies in 

force December 31, 1900 $ 172,968.85 S 165,543.21 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 28,352.17 78,186.66 

Totals S 201,321.02 S 243,729.87 

Deduct cost of collection of same 90,594.46 14,623.79 



S 110.726.56 g 229,106.08 



72 Document No. 10. [Session 

Net amount of uncollected and deferred premiums $ 339,832.64 

Single premiums uncollected, less cost of collection 9, 092. 56 

Total assets 26,486.358.48 

Deduct non-admitted assets — 

Commissions payable to agents on premium notes when paid _J 131,389.63 

Depreciation in real estate 46,061.20 

Agents' debit balances unsecured 177,433.74 

Bills receivable unsecured 29,559.59 



Total deductions 384,444.06 

Total admitted assets $ 26,101,914.42 

LIABILITIES. 

Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 per 
cent. 'interest $ 22,537,321.00 

Deduct net value of risks re-insured 191,840.00 



Net reserve $ 22,345,481.00 

Present value of undue installment policies 26, 783. 00 

Matured endowments due and unpaid $ 1,000.00 

Death losses in process of adjustment or adjusted and not due 8,014.00 

Death losses reported but no proofs received 120,072.00 

Policy claims resisted by the company 59,948.00 

Total policy claims, less due from solvent companies for re- 
insurance 130,234.00 

Unpaid dividends, etc., due policy-holders 11,109.51 

Premiums paid in advance 101, 956. 78 

Liabilities on policy-holders' account $ 22,615,564.29 

Surplus -'-- 3,386,350.13 

Capital stock paid up 100,000.00 

Total liabilities $ 26, 101,914.42 

EXHIBIT OF POLICIES. 

No. Policies. Amount. 

Policies and additions in force December 31, 1899 74,008 8 130,157,485.00 

Written during 1900 10,104 32,302,156.00 

Revived during 1900 353 729,845.00 

Additions by dividends 57,470.00 



Totals 90,585 $ 109,204,956.00 

Policies terminated— No. Policies. Amount. 

Reversionary additions cancelled $ 15,785.00 

By death 562 985, 271. Mi 

By maturity 401 r.42,665.on 

By expiry — 133 247,250.00 

By surrender 455 1,148,992.00 

By lapse 5,097 9,240,071.00 

By change and decrease 258 1,387,398.00 

By not being taken 2,702 0,752,787.00 

Total policies terminated during 1900 9,008 20,426,219.00 

Policies in force December 31,1900 80,917 $ 148,820,737.00 

Policies re-insured 454 5,422,157.00 

Annuities in force December 31, 1900 06 18,079.89 



1903.] Document No. 10. 73 

GAIN AND LOSS EXHIBIT DURING THE YEAR. 

{Upon basis of Actuaries' Mortality and 4 per cent, interest). 

Surplus at beginning of the year $ 2,927, 762.00 

Loading earned on premiums of insurance and annuity 841, 543. 00 

Interest, rent?, etc., earned $ 1,589,607.00 

Profit and loss items 208,944.00 

1,380,663.00 

Cost of insurance 1,328,685.00 

Reserves released by surrender and lapse, of which §251,666 was 
from policies upon which three years' premiums had not been 
paid 522, 643. 00 

Total credits $ 7,001,296.00 

Insurance expenses incurred 8 1,122,221.00 

Investment expenses incurred 232,649.00 

$ 1, 354, 870. 00 
Interest required to maintain reserve 836, S02. 00 

Death losses incurred, 8982,311; annuity payments incurred, §15,386-8 997,697.00 
Less ve-insuranee reserves and compromises on losses, and re- 
serves released by death of annuitants 211,400.00 

786, 297. 00 

Surrender and lapse values allowed 351, 361. 00 

Dividends to policy-holders 275, 616. 00 

Dividends to stockholders 10,000.00 

Guarantee fund and surplus at end of year 3, 386, 350. 00 

Total debits $ 7,001,296.00 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

No. Policies. Amount. 

Policies in force December 31, 1899 2,251 S 3,167,387.00 

Written during 1900 495 721,411.00 

Terminated during 1900 201 300,765.00 

In force December 31, 1900 2,545 3,588,033.00 

Losses incurred during 1900 16 20,175.00 

Losses paid during 1900 . 16 18,175.00 

Premiums collected during 1900. '- 123,776.93 



74 Document No. 10. [Session 

UNION MUTUAL LIFE INSURANCE COMPANY OF 

MAINE. 

Located at Portland, Maine. Incorporated 1848. Commenced Business 1849. 
Fred. E. Richards, President. J. Frank Lang, Secretary. 



Amount of net or ledger assets December 31, 1899 $ 7, 528, 779. 82 

INCOME. 

Premiums on new policies $ 299,874.12 

Renewal premiums 1,213,340.36 

Dividends applied to pay running premiums 16,585.01 

Dividends applied to purchase paid-up insurance 24,675.41 

Surrender values applied to pay running premiums. 6,928.58 
Surrender values applied to purchase paid-up insur- 
ance 13,766.77 



Total premium income $ 1,575,176.25 

Rents 21,273.58 

Interest on mortgage loans 69,630.89 

Interest on collateral loans and premium notes 43,060.05. 

Interest and dividends on stocks and bonds 170,116.96 

Interest on other debts due the company 5,649.S9 

Interest on deferred premiums 1,551.90 

Profit on sales of real estate and securities 68,391.98 

From all other sources 5,030.51 

Total income 1,959,882.01 

Aggregate last balance and income $ 9, 488, 661. 83 

DISBURSEMENTS. 

Paid for losses and additions $ 616,266.00 

Paid for matured endowments and additions 130,797.37 



Net amount paid for losses and matured endowments $ 747,063.37 

Paid to annuitants " 1,311.34 

Premium notes restored by revival 14,535.70 

Collateral loan notes 809. 50 

Cash dividends paid policy-holders 13,683.05 

Dividends applied to pay running premiums 16,585.01 

Dividends applied to purchase paid-up insurance 24,675.41 

Surrender values paid in cash 67,782.41 

Surrender values applied to pay running premiums 6,928.58 

Surrender values applied to purchase paid-up insurance 13,766.77 

Total paid policy-holders $ 907,141.14 



Com missions and bonuses paid to agents— new policies, $185,915.49; 

renewals, 179,598.37 265,513.86 

Salaries and allowances for agencies 118,863.86 

Salaries of officers and home-office employees 68,154.11 

Medical examiners' fees and inspections 34,563.25 

Taxes on premiums, reserves, municipal and State licenses 26,085.12 

Taxes on real estate and investments 10,397.26 



1903.] Document No. 10. 75 

Insurance Department fees and agents' licenses -• 0,738.34 

Repairs and expenses on real estate 7,149.47 

Rents 20,656. 12 

Advertising, printing, stationery and postage 31,389.26 

Legal expenses 9,413.49 

All other expenses 19,161.73 

Total disbursements 3 1,526,689.59 

Balance § 7,961,972.24 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate S 1,184, 741. 'is 

Loans on mortgages 1,272,791.43 

Loans on collaterals 633,671.94 

Loans to policy-holders on this company'.- policies 18,519. nn 

Premium notes on policies in force 179,633.43 

Book value of stocks and bonds 4,589,282.78 

Cash in company's office 592.74 

Cash in bank 47,760.39 

Bills receivable 13,550.99 

Agents' debit balances 20,576.83 

Cash in transit December 31, 190n 849.77 



Total net ledger assets $ .7,961,972.24 

OTHER ASSETS. 

Interest and rents due and accrued 68, 234. 55 

Market value of bonds and stocks over book value 203, 660. 00 

New 
Business. Renewals. 

Gross premiums due and unreported on policies in 

force December 31, 1900 § 86,944.34 8 87,948.70 

Gross deferred premiums on policies in loroe Decem- 
ber 31, 1900 40,794.85 93,770.89 



Totals § 127,739.19 $ 181,719.59 

Deduct costof collection of same 25,547.84 30,313.92 



$ 102,191.35 $ 145,375.67 



Net amount of uncollected and deferred premiums 247, 567. 02 

Forborne premiums to be deducted in settlement of policy claims 

included in liabilities . 604. 19 



Total assets $ 8,482,038.00 

Deduct non-admitted assets — 

Premiums more than three months past due S 5,363.10 

Agents' debit balances unsecured 4,422.02 

Bills receivable unsecured 14,012.08 



Total deductions 23,797.20 



Total admitted assets $ 8,458,240.80 

LIABILITIES. 

Net present value of all policies in force December 31, 190", com- 
puted according, to the Actuaries' Table of Mortality, with 4 
per cent, interest $ 7,769,028.00 

De.duct net value of risks re-insured 3,458.00 



Net reserve $ 7,766, 170.00 



76 Document No. 10. [Session 

Present value of undue installment policies $ 24, 952. 00 

Matured endowments due and unpaid $ 12,719.49 

Death losse's in process of adjustment or adjusted and not due 42,227.84 

Death losses reported but no proofs received 13,780.09 

Total policy claims 98, 727. 42 

Unpaid dividends, etc., due policy-holders 4,072.51 

Premiums paid in advance 1,038.83 

All other liabilities 1,037. 00 

Liabilities on policy-holders' account $ 7,895,997.76 

Surplus 586,040.24 



Total liabilities $ 8,482,038.00 

EXHIBIT OF POLICIES. 

Policies aud additions in force December 31, 1899 

Written during 1900 

Revived during 1900 

Changed and increased during 1900 

Transferred 



Totals 

Policies terminated — . No. Policies. Amount. 

By death 332 8 600,451.54 

By maturity 112 132,048.91 

By expiry 450 810,372.00 

By surrender 287 480,898.23 

By lapse 2,44s 3,076,508.15 

By change and decrease 77 211,091.85 

By not being taken 1,040 1,737,408.00 

By transfer ::sl 570,199.00 



No. Policies. 




Amount. 


29,790 


$ 


46,054,819.85 


7,957 




10,945,217.00 


61 




83,715.31 


77 




162,S79.26 


384 




570,199.00 


38,2(39 


« 


57,816,830.45 



Total policies terminated during 1900 5,130 7,624,977.68 

Policies in force December 31, 1900 33,139 $ 50,191,852.77 

Policies re-insured 16 115,000.00 

Annuities in force December 31, 1900 9 1,311.34 



GAIN AND LOSS EXHIBIT DURING THE YEAR. 

{Upon basis of Actuaries' Mortality and 4 per cent, interest). 

Surplus at beginning of the year $ 576, 807. 50 

Loading earned on premiums of insurance and annuity 389, 496. 23 

Interest, rents, etc., earned $ 313,090.01 

Profit and loss items 122,035.70 



435, 125. 71 

Cost of insurance 515,296.00 

Reserves released by surrender and lapse, of which $163, 211 was 
from policies upon which three years' premiums had not been 
paid 358,505.00 

Total credits $ 2,275,230.44 



Insurance expenses incurred $ 601,624.20 

Investment expenses incurred 27,170.49 

$ 628, 794. 69 
Interest required to maintain reserve 302, 540r00 



1903.] Document No. 10. 77 

Death losses incurred, $603,450.02; annuity payments incurred, 

$1,311.34 S 604,761.36 

Less re-insurance reserves and compromises on losse.*, and re- 

servesreleased by death of annuitants 200,092.00 

$ 404, 669. 36 

Surrender and lapse values allowed 298,098.00 

Dividends to policy holders 55,088. 15 

Guarantee fund and surplus at end of year 586, 040. 24 

Totaldebits $ 2,275,230.44 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

No. Policies. Amount. 

Policies in force December 31, 189!) 26 ? 77,751.22 

Written during 1900 64 118,535.00 

Terminated during 190U 15 19,000.00 

In force December 31, 1900 75 147,286.22 

Losses incurred during 1900 , 1 1,000.00 

Losses paid during 1900 1 1,000.00 

Premiums collected during 1900 , 4,213.79 



WASHINGTON LIFE INSURANCE COMPANY OF 

NEW YORK. 

Located at New York City. Incorporated 18(50. Commenced Business 1860. 
W. A. Brewer, Jr., President. Graham H. Brewer, Secretary. 



Cash capital, §125,000. 

Amount of net or ledger assets December 31, 1899 $ 15, 186, 653.08 

INCOME. 

Premiums on new policies $ 478,858.48 

Renewal premiums 1,663,119.05 

Dividends applied to pay running premiums 75,f.74.37 

Dividends applied' to purchase paid-up insurance 126,457.00 

Surrender values applied to purchase paid-up insur- 
ance 84,079.77 

Received for annuities 60,628.78 

Total premium income S 2,488,817.45 

Rents 277,836.12 

Interest on mortgage loans 385,500.12 

Interest on collateral loans and premium notes 67,362.11 

Interest and dividends on stocks and bonds 78,053.54 

Interest on other debts due the company 4,113.95 

Interest on deferred premiums 6,921.62 

Profit on sales of real estate and securities 1,860.83 

Total income 3,260,495.74 

Aggregate last balance and income $ 18, 447, 14S. 82 



78 Document No. 10. [Session 

DISBURSEMENTS. 

Paid for losses and additions S 941,732.84 

Paid for matured endowments and addition- 554,138.28 



Net amount paid for losses and matured endowments $ 1,495,871.12 

Paid to annuitants 27,925.43 

Return premiums 3,388.87 

Dividends applied to pay running premiums 75,674.37 

Dividends applied to purchase paid-up insurance 126,457.00 

Surrender values paid in cash 100,320.41 

Surrender values applied to purchase paid-up insurance 84,079.77 

■ Total paid policy-holders 8 1,913,716.97 

Interest or dividends to stockholders 8,750.00 

Commissions and bonuses paid to agents — new policies, $261, 466. 71; 

renewals, $103,485.41 ; annuities, $2,931.52 367,886.64 

Salaries and allowances for ageocies 141,551.81 

Salaries of officers and home-office employees 115,723.13 

Medical examiners' fees and inspections 67,389.84 

Taxes on premiums, reserves, municipal and State licenses 39,422.75 

Taxes on real estate and investments 38,941.58 

Insurance Department fees and agents' licenses 2,593.87 

Repairs and expenses on real estate _ 50,888.66 

Rents 76,965.90 

Advertising, printing, stationery and postage 32,202.38 

All other expenses 24,703.36 . 

Total disbursements $ 2,935,047.41 



Balance $ 15,512, 101.41 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 5,471,170.72 

Loans on mortgages 7,688,200.00 

Loans to policy-holders on this company's policies 1,142,154.60 

Book value of stock sand bonds 683,013.08 

Cash in company's office 51,954.99 

Cash in bank 441,667.00 

Agents' debit balances 25,055.00 

Office furniture 8,886.03 



Total net ledger assets $ 15,512, 101.41 

OTHER ASSETS. 

Interest and rents due and accrued 135, 457. 84 

Market value of real estate over book value 241,079.28 

New- 
Business. Renewals. 

Gross premiums due and unreported on policies in 

force December 31, 1900 $ 91,959.63 $ 66,056.03 

Gross deferred premiums on policies in force Decem- 
ber 31, 1900 49,409.62 176,763.73 



Totals $ 141,369.25 $ 242,819.76 

Deduct cost of collection of same 77,187.61 14,569.19 



64,1S1.64 $ 228,250.57 



Net amount of uncollected and deferred premiums 292, 432. 21 

Total assets $ 16, 181,070. 74 



1903.] Document No. 10. 79 

Deduct non-admitted assets — 

Furniture, fixtures and supplies 8 8,886.02 

Depreciation in bonds and stocks 2,696.25 

Agents' debit balances unsecured 2,055.00 

Total deductions $ 36, 737. 27 

Total admitted assets $ 16, 144, 433. 47 

LIABILITIES. , 

Net present value of all policies in force December 31, 1900, com- 
puted according to the Actuaries' Table of Mortality, with 4 
per cent, interest § 15,255,021.00 

Net reserve $ 15,255,021.00 

Matured endowments due and unpaid 8 27,397.85 

Death losses in process of adjustment or adjusted and not due 45,355.80 

Death losses reported but no proofs received 54,053.90 

Total policy claims 126,807.55 

Premiums paid in advance 7, 720.48 

Liabilities on policy-holders' account § 15,389,549.03 

Surplus 791,521.71 

Capital stock paid up 125,000.00 

Total liabilities $ 16, 181, 070. 74 

EXHIBIT OF POLICIES. 

No. Policies. Amount. 

Policies and additions in force December 31, 1899 28,534 $ 57,398,572.00 

Written during 1900 6,627 16,098,871.00 

Revived during 1900 479 1,204,367.00 

Additions by dividends 163,701.00 

Totals 35,640 8 74,865,511.00 

Policies terminated — 

By death 

By maturity 

By discount 

By surrender 

By lapse 

By not being taken 

Total policies terminated during 1900 5,461 13,781,822.00 

Policies in force December 31, 1900 30,179 $ 61,083,689.00 

Annuities in force December 31, 1900 70 31,703.53 



No. Policies. 


Amount. 


409 


$ 958,772.00 


244 


5( is, 385. 00 


50 


lln,637.00 


463 


977,165.00 


3,057 


7,677,452.00 


1,238 


3,549,411.00 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

No. Policies. Amount. 

Policies in force December 31, 1899 263 8 357,698.00 

Written during 1900 142 162,567.00 

Terminated during 1900 58 81,118.00 

In force December 31, 1900 347 439,147.00 

Losses incurred during 1900 6 6,536.90 

Losses paid during 1900— 5 6,336.90 

I Premiums collected during 1900 15,381.60 



FIRE AND FIRE AND MARINE 
COMPANIES. 



ABSTRACTS FROM ANNUAL STATEMENTS FILED IN THIS DEPART- 
MENT, SHOWING THEIR TRANSACTIONS FOR THE 
YEAR OF 1900 AND THEIR CONDITION ON 
THE 31ST DAY OF DECEMBER, 1900. 



6 



^ETNA INSURANCE COMPANY OF CONNECTICUT. 

Located at Hartford, Conn. Incorporated 1819. Commenced Business 1819. 
"William B. Clark, President. William H. King, Secretary. 



Cash capital, $4, 000, 000. 

Amount of net or ledger assets December 31, 1899 $ 10, 391, 066. 06 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums 8 5,082,040.78 $ 422,153.41 

Deduct re-insurance, rebate, abatement and return 

premiums 1,160,330.74 105,202.20 

Net cash received for premiums $ 3.921,710.04 $ 316,951.21 



4, 238, 661. 25 

Deposit premiums received for perpetual risks 6, 784. 25 

Rents 5,472.72 

Interest received on mortgages 936. 00 

Interest received on collateral loans 499. 65 

Interest and dividends on stocks and bonds 507,268.30 

Interest and dividends from all other sources 1, 967. 64 

Profit on sale or maturity of ledger assets 450. 00 

From all other sources 168. 00 



Total income $ 4,762,208.66 

Aggregate last balance and income $ 15, 153, 274. 72 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 2,874,883.30 8 232,389.71 

Deduct salvage and re-insurance 437,118.23 68,106.35 



Net cash paid for losses 8 2,437,765.07 8 164,283.38 

2. 602, 048. 43 

Deposit premiums returned 2,265.00 

Paid stockholders (interest or dividends) : 720, 000. 00 

Commissions or brokerage and allowances to agents 705, 217. 59 

Salaries and fees of officers and employees 298, 358. 39 

Taxes 128,011.80 

Loss on sales or maturity — ledger assets 31,930.90 

All other expenditures 310,907.06 

Total disbursements during the year $ 4,798,739. 17 

Balance December 31, 1900 $ 10,354,535.55 



84 Document No. 10. [Session 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 298,059.35 

Loans on mortgages 15,600.00 

Loans on collaterals 3,600.00 

Book value of stocks and bonds 9,127,673.91 

Cash in company's office 2,479.17 

Cash in bank 805,816.25 

Agents' debit balances 383,548.88 

$ 10, 634, 298. 39 
Deduct agents' credit balances $ 279,762.84 

279, 762. 84 
Total net or ledger assets 10, 354, 535. 55 

OTHER ASSETS. 

Rents and interest due and accrued 736.00 

Market value of stocks and bonds over book value 2, 613, 147. 21 

Uncollected premiums 472, 587. 21 

Gross assets $ 13,441,005.97 

Non-admitted assets — 

Agents' debit balances unsecured $ 15,652.90 

Depreciation in book value of real estate, etc 68,059.35 

Total deductions 83,712.25 



Total admitted assets $ 13,357,293.72 

LIABILITIES. 

Losses adjusted and unpaid $ 75,830.95 

Losses in process of adjustment 438,064.33 

Losses resisted 19, O92.oo 



Net amount of unpaid losses $ 532,987. 28 

Total unearned premiums 3, 355, 346. 29 

Amount reclaimable on perpetual fire risks 70, 851. 62 

Commissions due agents and brokers 118, 146. 80 

Return and re-insurance premiums 70, S88. 08 

Total liabilities $ 4,047,342.69 

Cash capital 4,000,000.00 

Net surplus 5,309,951.03 

Total liabilities, including cash capital and net surplus $ 13, 3-57, 273. 92 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Prbmiums. 

In force at beginning of year , $ 586,375,155.00 $ 6,606,629.53 

Written during year 449,746,863.00 5,082,040.78 

Total SI, 030, 122,018. 00 S 11,688,670.31 

Deduct those expired and marked off as terminated 412,647,827.00 4,584,408.42 



In force at end of year $ 623,474,191.00 $ 7,104,261.89 

Deduct amount re-insured 69,700,987.00 772,890.02 

Net amount in force at end of year S 553,773,204.00 S 6,331,371.87 

Largest amount in any one hazard S 100,000.00 



1903.] 



Document No. 10. 



85 



Marine and 

Inland. Premiums. 

In force at beginning of year $ 6,906,484.00 8 181,276.04 

Written during year 137,715,918.00 422,153.41 

Total 8 144,622,402.00 8 603,429.45 

Deduct those expired and marked off as terminated 137,010,697.00 368,031.90 

In force at end of year 8 7,611,705.00 8 235,397.55 

Deduct amount re-insured 1,249,608.00 42,699.29 

Net amount in force at end of year 8 6,362,097.00 8 192,698.26 

PERPETUAL RISKS. 

Amount. Deposits. 

In force at beginning of year 8 3,028,128.00 8 70,087.65 

Written during year 273,550.00 6,784.25 

Total 3 3,301,678.00 8 76,871.90 

Deduct those marked off as cancelled 113,750.00 2,291.25 

In force at end of year 8 3,187,928.00 8 74,580.65 

Losses incurred during year 8 289.43 

Losses paid during year 289.43 

Largest amount in any one hazard 15,000.00 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Year Fraction Amount 

Written. Term. Unearned. Covered. 

In 1900 1 year or less One-half 8 213,446,895.00 

In 1899 2 years One-fourth 7,633,789.00 

In 1900 2 years Three-fourths _. 8,658,843.00 

In 1898 3 years One-sixth 69,752,800.00 

In 1899 3 years One-half 74,091.945.00 

In 1900-. 3 years Five-sixths 74,784,908.00 

In 1897 4 years One-eighth 2,675,629.00 

In 1898 4 years Three-eighths __ 4,124,591.00 

In 1899 4 years Five-eighths 3,718,987.00 

In 1900 4 years Seven-eighths ._ 4,136,519.00 

In 1896 5 years One-tenth 13,103,820.00 

In 1897 5 years Three-tenths -__ 14,866,038.00 

In 1898 5 years One-halC 19,351,287.00 

In 1899 5 years Seven-tenths 20,282,016.00 

In 1900 5 years Nine-tenths 23,155,077.00 

Perpetual 95 per cent 3,187,928.00 



Premiums 
Charged. 

2,662,286.58 

73,180.41 

86,402.34 

717,823.76 

756,532.60 

787,979.31 

27,872.05 

44,629.68 

39,617.17 

44,481.80 

161,362.60 

183,702.61 

218,831.50 

243,817.29 

283,851.97 

74,580.65 



Premiums 
Unearned. 

1,331,143.29 

18,295.10 

64,801.74 

119,637.29 

377,766.30 

656,649.40 

3,484.00 

16,736.20 

24,760.70 

38,921.54 

16,136.26 

55,110.78 

109,415.75 

170,672.10 

255,466.71 

70,851.62 



Totals 8 556,961,132.00 8 6,405,952.52 8 3,329,848.78 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year 

Net premiums received dur- 
ing year 

Increase in gross uncollected 

premiums 8 37,669.63 

Increase in re-insurance 

fund 147,343.09 



8 4,243,180.50 



109,673.46 

Total net premiums earned, 8 4,133,507.04 

Interest, etc., received 8 516,144.31 

Increase in accrued interest, 

etc 305,431.35 



Total interest earned- 



821,575.66 



5,157,615.07 



86 Document No. 10. [Session 

Total premiums and interest 

earned 8 4,955.082.70 

Net losses paid during year.? 2,602,048.43 
Increase in net unpaid losses, 21 1, 476. 57 

Total net losses incurred 8 2,622,525.00 

Expenses paid $ 1,442,494.84 

Increase in unpaid expenses, 17,726.90 

Total expenses incurred 1,460,221.74 

Total losses and expenses 

incurred 4,082,746.74 

Net gain for year $ 872,335.96 

Total dividends incurred for 

year 8 720,000.00 

Increase in surplus for year. 152,335.96 

Surplus at end of year 8 5,309,951.03 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written -•- 8 3,527,649.00 

Gross premiums received 48,013.78 

Losses paid - 14,254.99 

Losses incurred 19,983.82 

Number of agents working in the State during year, 86. 



AMERICAN FIRE INSURANCE COMPANY OF NEW YORK. 

Located at New York, N. Y. Incorporated 1857. Commenced Business 1857. 
George S. A. Young, President. Walter S. Alley, Secretary. 



Cash capital, $400,000. 

Amount of net or ledger assets December 31, 1899 $ 1, 192, 897. 79 

INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums * 8 1,375,520.59 8- r - 

Deduct re-insurance, rebate, abatement and return 

premiums 433,832.96 ____ 



Net cash received for premiums 8 941,687.63 



941,687.63 

Interest received on mortgages 759. 17 

Interest received on collateral loans .-« 924. 18 

Interest and dividends on stocks and bonds . — ... 40, 198. 45 



1903.] Document No. 10. 87 

Interest and dividends from all other sources $ 834.09 

Profit on sale or maturity of ledger assets 14, 666. 04 

Total income 999, 069. 56 

Aggregate last balance and income $ 2, 191, 967. 35 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses , $ 793,163.17 $ 

Deduct salvage and re-insurance 98,929.06 



Net cash paid for losses S 694,234.11 $. 



694, 234. 11 

Commissions or brokerage and allowances to agents 195, 664. 30 

Salaries and fees of officers and employees 63, 204. 31 

Taxes 29,086.46 

All other expenditures 62, 319. 10 

Total disbursements during the year $ 1, 044, 5 08. 28 

Balance December 31, 1900 $ 1, 147, 459. 07 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of stocks and bonds $ 1,044,773.17 

Cash in company's office 2,358.30 

Cash in bank 100,327 .67 

Total net or ledger assets $ 1> 147, 459. 07 

OTHER ASSETS. 

Rents and interest due and accrued 2, 295. 83 

Market value of stocks and bonds over book value 44, 401. 83 

Uncollected premiums 230, 480. 91 

Gross assets $ 1,424,637.64 

Non-admitted assets — 

Premiums more than three months due $ 666.00 

Total deductions -"- 666. 00 

Total admitted assets $ 1,423,971.64 

LIABILITIES. 

Losses adjusted aud unpaid $ 53,553.75 

Losses in process of adjustment 72,821.70 

Losses resisted 1,342.68 

Net amount of unpaid losses $ 127, 718. 13 

Total unearned premiums 604,355.49 

Return and re-insurance premiums 7,620. 76 

Total liabilities $ 711, 763. 09 

Cash capital 400,000.00 

Net surplus 312, 208. 55 

Total liabilities, including cash capital and net surplus t> 1, 423, 971. 64 



38 



Document No. 10. 



[Session 



MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 156,985,845.00 $ 1,174,662.55 

Written during year 180,163,840.00 1,380,488.77 

Total .8 337,149,694.00 8 2,555,151.32 

Deduct those expired and marked off as terminated 165,884,972.00 1,205,193.79 

In force at end of year $ 171,264,722.00 $ 1,349,957.53 

Deduct amount reinsured 21,600,515.00 201,255.29 

Net amount in force at end of year $ 149,664,207.00 $ 1,148,702.24 

Largest amount in any one hazard $ 30,000.00 



RECAPITULATION OP FIRE RISKS AND PREMIUMS. 



Yeak 




\\ RITTEN. 




In 1900 ... 


1 


In 1899 


2 


In 1900 


2 


In 1898 


3 


In 1899 


3 


In 1900— 


3 


In 1897. . 


4 


In 1898 


4 


In 1899 . 


4 


In 1900 


4 


In 1896.. 


5 


In 1897 . . 


fi 


In 1898 . 


5 


In 1899 


5 


In 1900. . 


5 



Fraction 
Unearned. 



Amount 
Covered 



Term. 
year or less One-half 8 91,871,849.00 



years One-fourth 

years Three-fourths 

years One-sixth 

years One-half 

years Five-sixths 

years One-eighth 

years Three-eighths 

years Five-eighths 

years Seven-eighths 

years One-tenth 

years Three-tenths 

years One- half , 

years Seven-tenths 

years Nine-tenths 



978,350.00 

260,200.00 

14,362,943.00 

14,694,392.00 

18,246,089.00 

200,500.00 

253,940.00 

179,218.00 

104,900.00 

177,545.00 

844,049.00 

3,069,031.00 

2,128,162.00 

2,293,039.00 



Premiums 
Charged. 

703,269.69 

7,372.34 

1,669.61 

71,132.69 

92,429.26 

122,767.78 

1,513.39 

1,443.89 

1,039.97 

1,414.97 

1,287.34 

8,915.69 

20,181.41 

24,684.31 

28,979.90 



Totals 8 149,664,207.00 8 1,148,702.24 



Premiums 
Unearned. 

381,634.85 

1,843.08 

1,252.21 

11,855.45 

46,214.63 

102,306.49 

189.17 

541.46 

1,025.00 

1,238.09 

128.73 

2,674.70 

10,090.7° 

17,279.02 

26,081.91 

604,355.49 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year.. 
Net premiums received during 
year 

Increase in gross uncollected 

premiums i 8 

Increase in re-insurance fund 



Total interest earned. 



Total premiums and interest 

earned 

Net losses paid during year S 

Decrease in net unpaid losses 

Total net losses incurred 

Expenses paid 8 

Decrease in unpaid expenses 

Total expenses incurred 



5,934.75 
55,132.76 



Total net premiums earned 

Interest, etc., received 8 42,715.89 

Increase in accrued interest, etc., 52,229.96 



694,234.11 
29,409.01 



342,485.23 
243.20 



941,687.63 



49,198.01 



892,489.02 



94,945.85 



064,825.10 



342,242.03 



.8 331,840.21 



987,435.47 



1903.] Document No. 10. 89 

Total losses and expenses in- 
curred 8 1,007,067.13 

Net loss for year 19,631.66 

Decrease in surplus for year S 19,631.66 

Surplus at end of year $ 312,208.55 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fiee Risks. 

Gross risks written $ 382,149.00 

Gross premiums received 6,817.22 

Losses paid 1 9,277.01 

Losses incurred 9,327.01 

Number of agents working in State during year, 31. 



AMERICAN FIRE INSURANCE COMPANY OF 
PENNSYLVANIA. 

Located at Philadelphia, Pa. Incorporated 1810. Commenced Business 1810. 



Thomas H. Montgomery, President. 



Richard Maris, Secretary. 



Cash capital, §500, 000. 

Amount of net or ledger assets December 31, 1899 $ 2,599,075.65 

INCOME. 

Mabine and 
Fiee. Inland. 

Gross cash received for premiums $ 1,697,384.16 $ 

Deduct re-insurance, rebate, abatement and return 

premiums 394,175.81 



Net cash received for premiums $ 1,303,208.35 



Deposit premiums received for perpetual risks- 
Rents 

Interest received on mortgages 

Interest received on collateral loans 

Interest and dividends on stocks and bonds--- 
Interest and dividends from all other sources-- 

Profit on sale or maturity of ledger assets 

From all other sources 



1,303,208.35 

26, 793. 45 

8, 854. 00 

50, 377. 55 

1, 249. 54 

39, 344. 39 

66.38 

500.00 

3, 315. 42 



Total income -' $ 1,433,708.98 



Aggregate last balance and income $ 4, 032, 784. 63 



90 Document No. 10. [Session 



DISBURSEMENTS. 



Marine and 
Fire. Inland. 



Gross cash paid for losses $ 1,096,389.44 

Deduct salvage and re-insurance 108,651.20 



Net cash paid for losses $ 987,738.24 



$ 987, 738. 24 

Deposit premiums returned 18, 154. 37 

Paid stockholders (interest or dividends) 35,000.00 

Commissions or brokerage and allowances to agents 294, 989. 85 

Salaries and fees of officers and employees 116, 300. 00 

Taxes 47,885.63 

Loss on sales or maturity— ledger assets 1, 273. 48 

All other expenditures 104, 874. 50 

Total disbursements during the year $ 1, 606, 216. 07 

Balance December 31, 1900 2,426,568.56 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 404,379.50 

Loans on mortgages 936,475.55 

Loans on collaterals 3,800.00 

Book value of stocks and bonds 772,784.78 

Cash in company's office 9,310.51 

Cash in bank 139,098.29 

Ground rents , , 20,320.00 

Agents' 1 debit balances 133,139.87 

AH other 7,260.00 

Total net or ledger assets— $ 2,426,568.56 

OTHER ASSETS. 

Rents and interest due and accrued 15, 574. 97 

Market value of stocks and bonds over book value 34, 925. 47 

Total admitted assets $ 2,477,069.00 

LIABILITIES. 

Losses adjusted and unpaid $ 37,170.40 

Losses in process of adjustment 82,941.09 

Losses resisted , 5,991.55 



Net amount of unpaid losses $ 126, 103. 04 

Total unearned premiums 1,026,228.08 

Amount reclaimable on perpetual fire risks 577,377.46 

Total liabilities - $ 1, 729, 708. 58 

Cash capital 500,000.00 

Net surplus 247,360.42 

Total liabilities, including cash capital and net surplus $ 2, 477, 069. 00 



1903.] 



Document No. 10. 



91 



MISCELLANEOUS. 



RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year . 3 190,651,410.00 $ 2,101,712.37 

Written during year 198,369,660.00 1,697,384.16 

Total $ 389,021,077.00 8 3,799,096.53 

Deduct those expired and marked off as terminated 190,651,410.00 1,624,128.93 

In force at end of year $ 198,369,667.00 2,174,967.60 

Deduct amount re-insured 10,956,468.00 124,111.50 

Net amount in force at end of year .... $ 187,413,199.00 § 2,050,856.10 

Largest amount in' any one hazard •? 30,000.00 



RECAPITULATION OP FIRE RISKS AND PREMIUMS. 



Year Fraction 

Written. Teem. Unearned. 

In 1900 1 year or less.One-half $ 

In 1900 2 years Three-fourths 

In 1898 3 years One-sixth 

In 1899 3 years One-half 

In 1900 3 years Five-sixths 

In 1897 4 years One-eighth 

In 1898 4 years Three-eighths 

In 1S99 4 years Five-eighths 

In 1900 4 years Seven-eighths 

In 1896 5 years One-tenth 

In 1897 5 years , Three-tenths 

In 1898 5 years One-half ' 

In 1899 5 years Seven-tenths 

In 1900 5 years Nine-tenths 

In 1894 7 years 1... One-fourteenth 

In 1899 7 years Eleven-fourteenths __ 

In 1900 7 years Fifteen-Sixteenths.. _ 

In 1891 10 years One-twentieth 

In 1892 10 years Three-twentieths 

In 1896 10 years Eleven-twentieths ... 

In 1897 10 years Thirteen-twentieths.. 

In 1898 10 years Three-fourths 

In 1899 10 years Seventeen-twentieths 

In 1900 10 years Nineteen ; twentieths _ 

Perpetual 



Amount 


Premiums 


Premiums 


Covered. 


Charged. 


Unearned. 


88,581,318.00 3 


1,038,501.92 5 


! 519,250.96 


23,5511.0(1 


197.15 


147.85 


22,088,328.00 


229,086.08 


38,181.01 


23,145,564.00 


227,282.67 


113,641.34 


22,807,579.00 


218,819.96 


182,349.97 


261,100.00 


2,626.93 


328.37 


280,150.00 


2,297.08 


861.40 


214,350.00 


1,873.85 


1,171.15 


l!IU,275.0O 


1,495.49 


1,308.56 


4,735,164.00 


50,945.53 


5,094.55 


6,615,200.58 


73,489.32 


22,046.80 


6,608,740.00 


71,102.00 


05,551.01 


5,816,678.00 


64,819.75 


45,373.82 


5,912,395.00 


66,874.74 


60,187.27 


7,000.00 


235.00 


16.78 


3,500.00 


56.00 


44.00 


6,750.00 


79.00 


74.53 


15, 20o. ini 


361.00 


18.0.5 


1,400.00 


10.50 


1.57 


l,4oo. oil 


21.00 


11.55 


34,000.00 


191.00 


124.15 


5,000.00 


28.50 


21.37 


25,400.00 


160.25 


136.21 


33,100.00 


300.85 


285.81 
577,377.46 



Totals S 1S7, 413, 199.00 $ 2,050,856.10 8 1,603,605. .".4 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year S 

Net premiums received during 

year .$ 1,311,847.43 

Increase in re-insurance fund $ 54,484.29 54,484.29 



Total net premiums earned 

Interest, etc., received S 85,846.52 

Increase in accrued interest, etc. . 23,134.91 



Total interest earned. 



$ 1,257,363.14 



108,981.43 



Total premiums and interest 
earned 



$ 1,360,344.57 



388,934.50 



92 Document No. 10. [Session 

Net losses paid during year $ 987,738.24 

Decrease in net unpaid losses 44,282.28 

Total net losses incurred $ 943,455.90 

Expenses paid $ 547,462.80 

Decrease in unpaid expenses 18,000.05 

Total expenses incurred 529,462.75 

Total losses and expenses in- 
curred $ 1,472,918.71 

Net loss for year— $ 106,574.14 

Dividends to stockholders 35,000.00 

Total dividends incurred foryear— $ 35,000.00 • 

Decrease in surplus for year 141,574.14 

Surplus at end of year $ 247,3(50.42 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 1,345,764.00 

Gross premiums received 22,077.50 

Losses paid 7,779.13 

Losses incurred 8,837.83 

Amount at risk 1,480,340.00 



ATLANTA HOME INSURANCE COMPANY OF GEORGIA. 

Located at Atlanta, Ga. Incorporated 1881- Commenced Business 1882. 

Robert J. Lowry, President. Joel Hurt, Secretary. 



Cash capital, $500,000. 

Amount of net or ledger assets December 31, 1899 $ 682, 921. 49 

INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums $ 132,499.78 8_ 

Deduct re-insurance, rebate, abatement and return 

premiums 64,331.95 _. 



Net cash received for premiums $ 68,167.83 



68, 167. 83 
Rents 4,568.95 

Interest received on mortgages 8, 552. 25 

Interest received on collateral loans 675.22 

Interest and dividends on stocks and bonds 11, 060. 93 

Interest and dividends from all other sources 1, 625. 79 



1903.] Document No. 10. 93 

Profit on sale or maturity of ledger assets $ 904. 90 

From all other sources 16 - 9 " 

Total income $ 95, 572. 84 

Aggregate last balance and income $ 778,494.33 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 182,864.12 8 

Deduct salvage and re-insurance 33,606.00 



Net cash paid for losses $ 149,258.12 ?. 



149, 258. 12 

Commissions or brokerage and allowances to agents 12, 674. 27 

Salaries and fees of officers and employees 13, 904. 20 

Taxes 10,454.58 

All other expenditures .- _ 12, 367. 04 

Total disbursements during the year $ 198, 658. 21 

Balance December 31, 1900 $ 579, 836. 12 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 103,785.76 

Loans on mortgages 132,508.64 

Loans on collaterals 1,708.75 

Book value of stocks and bonds 284,337.50 

Cash in company's office 466.33 

Cash in bank 56,343.55 

Allother 1,760.64 

$ 580, 911. 17 

Deduct ledger liabilities S 1,075.05 

1,075.05 
Total net or ledger assets 579, 836. 12 

OTHER ASSETS. 

Rents and interest due and accrued 11, 981. 15 

Uncollected premiums 23,184.82 

Office furniture 4, 595. 53 

Total admitted assets $ 619, 597. 62 

LIABILITIES. 

Losses adjusted and unpaid $ 5,569.62 

Losses in process of adjustment 3,673.00 

Losses resisted 33,375.00 

Xet amount of unpaid losses, less re-insurance $ 31, 272.51 

Total unearned premiums 70, 018. 40 

Total liabilities $ 101,290.91 

Cash capital 500,000.00 

Xet surplus 18, 306. 77 

Total liabilities, including cash capital and net surplus $ 619, 597. 62 



94 



Document No. 10. 



[Session 



MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. 

In force at beginning of year $ 26,955,837.00 

Written during year 10,510,813.00 

Total $ 37,466,050.00 

Deduct those expired and marked off as terminated 23,778,571.00 

In force at end of year $ 13,688,079.00 

Deduct amount re-insured 2,032,608.00 

Net amount in force at end of year $ 11,655,471.00 

Largest amount in any one hazard $ 49,000.00 



Premiums. 
314,571.78 
122,205.74 

436,777.52 
261,731.20 

175,046.32 
26,196.48 

148,849.84 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Year 
Written. 

In 1900 1 

In 1S99 2 

In 1900 2 

In 1898 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1896 5 

In 1897 5 

In 1898-1 5 

In 1899 5 

In 1900 5 



Fraction 
Term. Unearned. 

year or less One-half 

years, One-fourth 

years Three-fourths. 

years One-sixth 



Amount 
Covered. 

_$ 4,607,955.00 

57,934.00 

26,700.00 

2,208,103.00 

years— ..One-half 1,698,046.00 



years Five-sixths 

years One-eighth 

years Three- eighths 

years Five-eighths.. 

years Seven-eighths 

years One-tenth 

years Three-tenths.. 

years One-half 

years Seven-tenths 

years Nine-tenths 



733,873.00 

10,300.00 

45,800.00 

6,450.00 

8,050.00 

306,246.00 

234,865.00 

762,321.00 

657,375.00 

291,453.00 



Premiums 
Charged. 

54,556.31 

410.40 

488.49 

23,067.18 

20,894.88 

9,767.01 

207.76 

625.75 

155.28 

160.40 

6,791.63 

5,260.04 

11,804.25 

10,057.81 

4,602.65 



Totals $ 11,655,471.00 $ 148,849.84 



Premiums 
Unearuned. 

27,278.15 

102.60 

366.36 

3,844.53 

10,447.44 

8,139.17 

25.97 

234,65 

97.05 

140.35 

679.16 

1,578.01 

59,02.12 

7,040,46 

4,142.38 

70,018.40 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year- 
Net premiums received during 

year 

Decrease in gross uncollected 

premiums 8 

Decrease in re-insurance fund 

Total net premiums earned 

Interest, etc., received 8 

Increase in accrued interest, etc., 

Total interest earned 



Total expenses incurred 

Total losses and expenses in- 
curred 



Net loss for year 

Decrease in surplus for year 

Surplus at end of year 



10,294.04 
68,412.28 



23,034.30 
1,253.90 



Total premiums and interest 
earned 

Net losses paid during year $ 149,258.12 

Decrease in net unpaid losses 30,634.29 

Total net losses incurred 

Expenses paid 8 45,839.26 



68,167.83 



58,118.24 



126,286.07 



24,288.20 



118,623.83 
45,839.26 



150,574.27 



164,463.09 



13,888.82 
13,888.82 



32,195.53 



18,306.71 



1903.] Document No. 10. 95 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 247,900.00 

Gross premiums received 3,365.04 

Re-insurance premiums 61.71 

Losses paid 3,330.60 

Losses incurred 1,732.46 



Number of agents working in State during year, 17. 



BRITISH AMERICA ASSURANCE COMPANY. 

Located at Toronto, Canada. 

Incorporated 1833. Commenced Business in U. S. in 1874. 

George A. Cox, President. P. H. Sims, Secretary. 



Amount of net or ledger assets December 31, 1899 $ 1, 169, 531. 10 

INCOME. 

Marine and 
Fire. Inland. 

Gross oash received for premiums 8 1,250,405.95 $ 385,587.76 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 259,645.68 115,005.24 



Net cash received for premiums $ 990,760.27 S 270,582.52 



1, 261, 342. 79 

Interest and dividends on stocks and bonds 31, 114. 23 

Profit on sale or maturity of ledger assets 1, 975. 06 

From all other sources 38,380.27 



Total income $ 1,332,812.35 

Aggregate last balance and income $ 2, 502, 343. 45 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses 828,688.54 228,128.04 

Deduct salvage and re-insurance 125,797.99 62,776.28 



Net cash paid for losses $ 702,890.55 $ 165,351.76 



868, 242. 31 

Commissions or brokerage and allowances to agents 230, 378. 76 

Salaries and fees of officers and employees 60, 366. 34 

Taxes 40, 414. 31 

All other expenditures 64, 116. 70 

Total disbursements during the year $ 1, 263, 518.42 

Balance December 31, 1900 $ 1,238,825.03 



96 Document No. 10. . [Session 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Loans on mortgages $ 10,000.00 

Book value of stocks and bonds 964,304.06 

Cash in bank 86,071.40 

Agents' debit balances 177,373.29 

Bills receivable 170.28 



Total net or ledger assets § 1, 238, 825. 03 

OTHER ASSETS. 

Rents and interest due and accrued 14, 338. 37 

Market value of stocks and bonds over book value 3, 144. 70 

Total admitted assets $ 1, 256,308. 10 

LIABILITIES. 

Losses adjusted and unpaid $ 21, 935 i 20 

Losses in process of adjustment 83,399.19 

Losses resisted 3,598.00 

Net amount of unpaid losses $ 108,932.39 

Total unearned premiums 689,496.86 

Total liabilities $ 798,429.25 

Net surplus 457, 878. 85 



Total liabilities, including casb capital and net surplus $ 1, 256, 308. 10 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 129,158,982.00 $ 1,190,856.64 

Written during year 105,027,258.00 1, •.'50,405.95 



Total $ 234,186,240.00 8 2,441,262.59 

Deduct those expired and marked off as terminated 112,105,317.00 1,113,171.26 

In force at end of year — $ 122,080,923.00 $ 1,328,091.33 

Deduct amount re-insured 2,014,518.00 22,183.05 

Net amount in force at end of year 1 $ 120,066,405.00 8 1,305,908.28 



Marine and 

Inland. Premiums. 

In force at beginning of year $ 2,411,469.00 $ 43,380.76 

Written during year 36,916,882.00 385,587.76 



Total 3 39,328,351.00 S 428,968.52 

Deduct those expired and marked of! as terminated 37,357,413.00 368,939.14 

Net amount in force at end of year $ 1,970,938.00 $ 60,029.38 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 1900 1 year or less One-half $ 60,327,365.00 $ 775,603.52 $ 387,801.76 

In 1898 3 years One-sixth 18,354,220.00 125,723.35 20,953.89 

In 1899 3 years One-half 15,232,726.00 130,712.40 65,356.23 

In 1900 3 years Five-sixths 12,286,324.00 127,765.47 106,471.22 

In 1896 5 years One-tenth 2,272,602.00 22.862.97 2,286.30 



1903.] . Document No. 10. 97 

In ls.i7 5 years Three-tenths ... $ 2,614,616.00 - 20,735.G1 $ 8,020.68 

In 1898 5 years One-half 3,136,364.00 29,540.05 14,770.03 

In 1899 5 years Seven-tenths 3,448,749.00 35,199.90 24,639.97 

In 1900 5 years Nine-tenths 2,393,449.00 31,764.89 28,588.40 



Totals $ 120,066,405.00 8 1,305,908.28 $ 658,8S8.48 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year S 484,872.89 

Net premiums received dur- 
ing year 

Increase in re-insurance 
fund 

Total net premiums earned- 

Interest, etc., received 

Increase in accrued interest, 
etc 

Total interest earned 



Total premiums and interest 
earned 

IS'et losses paid during year_8 
Increase in net unpaid losses, 

Total net losses incurred 

Expenses paid 

Total expenses incurred 

Total losses and expenses in- 
curred 

IS'et loss for year 

Transferred from home of- 
fice 





8 


1,201,342.79 
89,370.22 


8 




$ 31,114.23 
9,536.81 


S 


1,171,972.57 

40,651.114 








8 868,242.31 
14,479.50 

8 395,276.11 


8 


882,721.81 
395,276.11 


1.212,023.01 












1,277,997.92 




8 


65,374.31 
38,380.27 



Decrease in surplus for year, 20,994.04 

Surplus atend of year $ 457.S78.85 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Fii;e Risks. 



Gross risks written 8 016,838.00 

Gross premiums received 12,825.48 

Losses paid 3,042.97 

Losses incurred 3,057. 17 



98 



Document No. 10. 



[Session 



BRITISH-AMERICAN INSURANCE COMPANY OF 

NEW YORK. 

Located at New York, N. Y. Incorporated 1898. Commenced Business 1898. 
Silas P. Wood, President. Joseph M. Biggeet, Secretary. 



Cash capital, $200, 000. 

Amount of net or ledger assets December 31, 1899 

INCOME. 

Marine and 
Fire. , Inland. 

Gross cash received for premiums $ 355,020.28 $ 

Deduct re-iDsurance, rebate, abatement and re- 
turn premiums 221,320.85 

Net cash received for premiums $ 134,299.43 $ 



-$ 303, 713. 82 



Interest and dividends on stocks and bonds-- 
Interest and dividends from all other sources- 
Profit on sale or maturity of ledger assets 

From all other sources 



Total income 

Aggregate last balance and income- - 



Gross cash paid for losses 

Deduct salvage and re-insurance- 
Net cash paid for losses 



DISBURSEMENTS. 

Marine and 
Fire. Inland. 

8 139,050.46 $ 

21,220.57 



134, 299. 43 
8, 871. 23 

695. 57 
3, 194. 03 

460. 52 

-$ 147,520.78 

-$ 451,234.60 



-$ 117,829.89 



Commissions or brokerage and allowances to agents 

Salaries and fees of officers and employees 

Taxes 



All other expenditures 

Total disbursements during the year 

Balance December 31, 1900 

ASSETS. 

AS PEE LEDGER ACCOUNTS. 

Book value of stocks and bonds $ 212,875.00 

Cash in bank 58,631.80 

All other . 9,718.27 



117,829.89 

42, 958. 98 

3, 420. 41 

3, 104. 90 

2, 695. 35 

-$ 170, 009. 53 

-$ 281,225.07 



Total net or ledger assets- 



281, 225. 07 



1903.] 



Document No. 10. 



99 



OTIIER ASSETS. 

Rents and interest due and accrued $ 

Market value of stocks and bonds over book value- -- 
Uncollected premiums, re-insurance 

Total admitted assets 



LIABILITIES. 

Losses in process of adjustment 

Net amount of unpaid losses, less re-insurance - 
Total unearned premiums 



10,806.06 



583. 33 

2, 375. 00 

530. 69 



$ 284, 714. 09 



9, 286. 31 
34, 490. 22 



Total liabilities $ 47,776.53 

Cash capital 200,000.00 

Net surplus 36, 937. 56 

Total liabilities, including cash capital and net surplus $ 284, 714. 09 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year 8 34,522,171,00 $ 257,315.29 

Written during year 24,122,433.00 293,265.87 



Total - $ 58,644,604.00 

Deduct those expired and marked off as terminated 49,736,442.00 



In force at end of year. 
Deduct amount re-insured- 



8,908,162.00 $ 
973,936.00 



Net amount in force at end of year 

Largest amount in any one hazard $ 



.$ 7,934,226.00 $ 



10,000.00 



550,581.16 
471,741.82 



78,839.34 
9,875.24 



68,964.10 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Fraction 
Unearned. 



Year 
Written. Term. 

In 1900 1 year or less One-half $ 

In 1899 2 years One-fourth 

In 1900 2 years Three-fourths ._ 

In 1898 3 years One-sixth 

In 1899 3 years One-half 

In 1900 3 years Five-sixths 

In 1898 5 years One-half 

In 1899 5 years Seven-tenths ___ 

In 1900 5 years Nine-tenths 



Amount 


Premiums 


Premiums 


Covered. 


Charged. 


Unearned. 


5,089,101.00 $ 


49,444.43 $ 


24,722.22 


27,869.00 


28.70 


7.18 


44,424.00 


215.70 


161.78 


264,576.00 


1,101.77 


183.63 


786,480.00 


3,777.51 


1,888.75 


832,531.00 


5,879.60 


4,899.67 


189,150.00 


958.02 


479.01 


390,408.00 


3,272.70 


2,290.89 


309,087.00 


4,285.67 


3,857.09 



Totals 3 7,934,226.00 $ 



68,964.10 $ 



38,490.22 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year. 

Net premiums received dur- 
ing year 

Increase in gross uncollected 
premiums $ 

E»ecrease in re-insurance 
fund 



Total net premiums earned- 



62,354.41 
76,021.22 



134,299.43 



13,666.81 



147,966.24 



30,067.27 



100 Document No. 10. [Session 

Interest, etc., received $ 9,566.80 

Increase in accrued interest, 

etc 5,316.42 

Total interest earned $ 14,833.22 

Total premiums and interest 

earned $ 162,849.46 

Net losses paid during year_$ 117,829.89 

Decrease in net unpaid losses 13,638.90 

Total net losses incurred f 104,190.99 

Expenses paid $ 51,788.18 

Total expenses incurred 51,788.18 

Total losses and expenses in- 
incurred 155,979.17 

Net gain for the year $ 6,870.29 

Increase in surplus for year_ 6 870.29 

Surplus at end of year $ 36,937.56 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fiee Risks. 
Gross risks written « g 343 qq 

Gross premiums received , 169.25 

Number of agents working in State during year, 1. 



CALEDONIAN INSURANCE COMPANY OF GREAT 

BRITAIN. 

Located in TJ. S. at New York, N. Y. 

Incorporated 1805. Commenced Business in U. S., 1890. 

Charles H. Post, U. S. Manager. H. A. McNeil, Assistant Manager. 



Cash capital, $537, 500. 

Amount of net or ledger assets December 31, 1900 $ 1, 702, 812. 29 

INCOME. 

Marine and 
Fire. Inland. 
Gross cash received for premiums $ 1,699,886.13 $ 

Deduct re-insurance, rebate, abatement and return 

premiums 471,477.72 



Net cash received for premiums $ 1,228,408.41 



1, 228, 408. 41 

Interest and dividends on stocks and bonds 62, 762. 90 

Profit on sale or maturity of ledger assets 14, 392. 70 

Total income $ 1, 305, 564. 01 

Aggregate last balance and income $ 3, 008, 376. 30 



1903.] Document No. 10. 101 

DISBURSEMENTS. 



Marine and 
Fire. Inland. 



Gross cash paid for losses S 988,840.45 $_ 

Deduct salvage and re-insurance 138,352.20 __ 

Net cash paid for losses 8 850,488.25 S- 



$ 850, 488. 25 

Commissions or brokerage and allowances to agents 259, 400. 45 

Salaries and fees of officers and employees 90, 008. 27 

Taxes 40,320.19 

All other expenditures 120, 830. 16 



Total disbursements during the year $ 1, 361, 047. 32 

Balance December 31, 1900 $ 1, 647, 328. 98 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book v.alue of stocks and bonds 8 1,536,309.90 

Cash in company's office r_ 903.12 

Cash in bank 123,931.95 

Agents' debit balances 621.28 

Bills receivable 493.96 

All other 9,582.80 



$ 1, 671, 843. 01 

Deduct agents' credit balances 8 2,356.10 

All other 22,157.93 



24, 514. 03 



Total net or ledger assets $ 1, 647, 328. 98 

OTHER ASSETS. 

Rents and interest due and accrued 14, 484. 15 

Market value of stocks and bonds over book value 68, 350. 10 

Uncollected premiums 128, 779. 13 

Gross assets $ 1,858,942.36 

Non-admitted assets — 

Furniture and supplies S 7,463.30 

Agents' debit balances unsecured 621.28 

Total deductions 8, 0S4. 58 

Total admitted assets $ 1,850,857.78 



LIABILITIES. 

Losses adjusted and unpaid $ 78,436.12 

Losses in process of adjustment 48,540.70 

Losses resisted 11,196.12 

Net amount of unpaid losses, less re-insurance $ 112, 465. 46 

Total unearned premiums 919,157.28 

All other liabilities 10,000.00 

Total liabilities $ 1,041,622. 74 

Net surplus 809, 235. 04 

Total liabilities, including cash capital and net surplas § 1, 850, 857. 78 



102 



Document No. 10. 



[Session 



MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 201,164,302.00 $ 1,976,143.54 

Written during year 156,983,363.00 1,702,843.15 

Total $ 358,147,665.00 $ 3,678,986.69 

Deduct those expired and marked off as terminated 152,761,443.00 1,598,166.24 

In force at end of year $ 205,386,222.00 $ 2,080,820.45 

Deduct amount re-insured 23,791,040.00 259,121.00 

Net amount in force at end of year $ 181,595, 182.00 $ 1,821,699.45 

Largest amount in any one hazard 8 60,000.00 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Year 
Written. 

In 1900 1 

In 1899 2 

In 1900 2 

In 1898 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 "__4 

In 1896 5 

In 1897 5 

In 1898 5 

In 1899 6 

In 1900 5 



Fraction 
Term. Unearned. 

year or less One-half 

years One-fourth 

years Three-fourths. 

years One-sixth 

years One-half 



Amount 
Covered. 

.$ 88,641,802. 
900,915 
750,057. 

. 24,322,026. 

. 21,999,601. 
years Five-sixths _. 23,894,458. 



years One-eighth 

years Three-eighths 

years Five-eighths__. 

years Seven-eighths . 

years One- ten th 

years Three- ten ths__. 

years One-half 

years Seven-tenths__ 

years Nine-tenths 



236,159 

548,161 
459,945. 
390,236, 

3,130,110. 

3,464,809. 

4,027,267. 

4,196.647 

4,632,989, 



00 $ 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 

00 



Premiums 
Charged. 

937,721.08 

7,186.27 

6,221.44 

208,419.35 

187,825.97 

211,151.90 

2,182.05 

4,648.22 

4,560.61 

4,040.55 

39,442.30 

51,736.15 

48,138.32 

51,470.06 

56,955.18 



Totals S 181,595,182.00 $ 1,821,699.45 



Premiums 
Unearned. 

468,860.54 

1,796.57 

4,666.08 

34,736.55 

93,912.99 

175,959.92 

272.76 

1,743.08 

2,850.38 

3,535.48 

3,944.23 

15,520.84 

24,069.16 

36,029.04 

51,259.66 

919,157. 2S 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of 'year 

Net premiums received during 

year 

Increase in gross uncollected 

premiums $ 

Increase in re-insurance fund 



Total net premiums earned 

Interest, etc., received 

Increase in accrued interest, etc.. 

Total interest earned 



Total premiums and interest 

earned 

Net losses paid during year $ 

Decrease in net unpaid losses __ 



Total net losses incurred 

Expenses paid 

Increase in unpaid expenses 

Total expenses incurred 



Total losses and expenses in- 
curred 



2,957.02 
24,625.23 



62,762.90 
35,258.42 



S 1,228,408.41 



21,668.21 
S 1,206,740.20 



98,021.32 



850,488.25 
53,625.73 



472,081.06 
3,017.69 



$ 1,304,761.52 



796,862.52 



475,098.75 



814,912.80 



1,271,961.27 



Net gain for year. 



32,800.25 



1903.] Document No. 10. 103 

Remitted to home office during 

year 3 38,478.01 

Decrease in surplus for year $ 5,677.76 

Surplus at end of year $ 800,235.04 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written 3 522,092.00 

Gross premiums received 8,240.05 

Losses paid : 7,973.29 

Losses incurred 5,391.64 

Number of agents working in State during year, 43. 



CAROLINA INSURANCE COMPANY OF NORTH 

CAROLINA. 

Located at Wilmington, N. C. Incorporated 1887. Commenced Business 
D. L. Gore, President. M. S. Willard, Secretary. 



Cash capital, §50,000. 

Amount of net or ledger assets December 31, 1899 $> 75, 308. 73 

INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums $ 19,969.91 $_ 

Deduct re-insurance, rebate, abatementand return 

premiums 7,020.56 __ 

Net cash received for premiums $ 12,949.35 S- 



12, 949. 35 
Eents 507.50 

Interest received on mortgages 2, 172. 90 

Interest received on collateral loans 126. 12 

Interest and dividends on stocks and bonds 850. 00 

Total income § 16, 605. 87 

Aggregate last balance and income $ 91,914. 60 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses 8 8,530.25 8 

Deduct salvage and re-insurance l,4'.i7.17 



Net cash paid for losses 8 ' 7,033.08 



7, 033. 08 



104 



Document No. 10. 



[Session 



Paid stockholders (interest or dividends) $ 3, 117. 00 

Commissions or brokerage and allowances to agents- 2, 865. 55 

Salaries and fees of officers and employees 225. 00 

Taxes 350. 17 

Loss on sales or maturity — ledger assets 100.44 

All other expenditures 2, 044. 57 

Total disbursements during the year $ 15, 735. 81 

Balance December 31, 1900 $ 76, 178. 79 

ASSETS. 

AS PER 'LEDGER ACCOUNTS. 

Book value of real estate owned $ 5,000.00 

Loans on mortgages 36,215.00 

Loans on collaterals 7,275.00 

Book value of stocks and bonds 20,375.00 

Cash in bank 6,280.34 

All other l.OTl.oi 

$ 76, 219. 94 

Deduct agents' credit balances 8 41.15 

41.15 

Total net or ledger assets $ 76, 178. 79 

OTHER ASSETS. 

Interest and rents due and accrued 871. 00 

Market value of stocks and bonds over book value 945. 00 

Total admitted assets $ 77, 994. 79 

LIABILITIES. 
Losses in process of adjustment S 25.00 

Net amount of unpaid losses $ 25. 00 

Total unearned premiums 11, 594. 11 

Unpaid dividends due stockholders 112. 10 

All other liabilities 41. 15 

Total liabilities $ 11, 772. 36 

Cash capital 50,000. 00 

Net surplus 16, 222. 43 

Total liabilities, including cash capital and net surplus $ 77, 994. 79 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fibe Risks. Premiums. 

In force at beginning of year $ 1,269,533.00 $ 24,374.58 

Written during year 959,013.00 15,518.73 

Total $ 2, 229, 140. 00 $ 39,893.31 

Deduct those expired and marked off as terminated 673,750.00 12,385.2° 

In force at end of year $ 1,535,396.00 $ 27,508.11 

Deduct amount reinsured 345,637.00 4,869.11 

Net amount in force at end of year 8 1,209,759.00 $ 22,639.00 



1903.] 



Document No. 10. 



105 



Year Fraction 

Written. Term. Unearned. 

In 1900 1 year or less One-half $ 

In 1898 3 years One-sixth 

In 1899 3 years One-half 

In 1900 3 years Five-sixths 

In 1890 5 years One-tenth 

In 1897 5 years Three-tenths 

In 1898 5 years One-half 

In 1899 5 years Seven-tenths 

In 1900 5 years Nine-tenths 



Totals . 



RISKS AND 


PREMIUMS. 






Amount 




Premiums 


P 


REMIUMS 


Covered. 




Charged. 


L) 


NEARNED. 


WO, 531. 00 


$ 


10,910.87 S 




5,455.43 


140,673.00 




2,009.00 




334.83 


213,424.00 




3,072.17 




1,536.08 


243,568.00 




3,930.91 




3,275.75 


9-, 62.".. on 




269.09 




26.91 


14,415.00 




354.35 




106.30 


5,603.00 




144.71 




72.35 


30,489.00 




253.16 




177.21 


29,514.00 




C76.95 




609.21 



1,273,842.00 S 



21,621.21 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Gross risks written 

Gross premiums received. 
Losses paid 

Losses incurred 



11,594.11 



Fire Risks. 

959,613.00 

15,518.73 

7,033.08 

6,050.47 



CITIZENS INSURANCE COMPANY OF NEW YORK. 

Located at New York, N. Y. Incorporated 1836. Commenced Business 1837. 
E. A. Walton, President, George H. McLean, Secretary. 



Cash capital, $300, 000. 

Amount of net or ledger assets December 31, 1899 $ 

INCOME. 



Gro^s cash received for premiums $ 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 

Net cash received for premiums 



Marine and 
Fire. Inland. 

876,665.92 $ 

193,234.56 



683,431.36 $_ 



Rents 

Interest received on mortgages ' 

Interest received on collateral loans 

Interest and dividends on stocks and bonds-- 
Interest and dividends from all other sources 

Profit on sale or maturity of ledger assets 

From all other sources 



Total income 

Aggregate last balance and income 



432, 212. 04 



683, 431. 36 

5,311.66 

1,164.00 

541. 27 

15, 820. 00 

11.77 

9, 303. 55 

2, 000. 00 

-I 717,583.61 

-$ 1,149,795.65 



106 



Document No. 10. 



[Session 



DISBURSEMENTS. 

FlEE. 



Marine and 
Inland. 



Gross cash paid for losses 

Deduct salvage and re-insurance 

N»t cash paid for losses 



568,627.53 $_ 
109,934.42 __ 



458,693.11 $_ 



Paid stockholders (interest or dividends) 

Commissions or brokerage and allowances to agents 

Salaries and fees of officers and employees 

Taxes 

All other~expenditures 

Total disbursements during the year 

Balance December 31, 1900 



.$ 



ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 58,517.46 

Loans on mortgages 20 3no.no 

Loans on collaterals 15 000.00 

Book value of stocks and bonds 207,782.23 

Cash in company's office 2 314.0:) 

Cash in bank 33,909.34 



Deduct ledger liabilities $ 5,160.71 

Total net or ledger assets $ 

OTHER ASSETS. 

Rents and interest due and accrued 

Market value of real estate over book value 

Market value of stocks and bonds over book value 

Uncollected premiums 

Due from other companies 

Total admitted assets $ 



LIABILITIES. 

Losses adjusted and unpaid 8 15,504.S9 



Losses in process of adjustment- 
Losses resisted 



27,733.11 
3,108.50 



Net amount of unpaid losses, less re-insurance $ 

Total unearned premiums 

Unpaid dividends due stockholders 

Salaries, rents, etc., due and accrued 

Return and re-insurance premiums 

Total liabilities $ 

Cash capital : 

Net surplus j. 

Total liabilities, including cash capital and net surplus $ 



458, 693. 11 
23, 989. 30 

162, 088. 67 

66, 748. 08 

9, 197. 18 

36, 416. 30 

757, 132. 64 



-$ 392, 663. 01 



397, 823. 72 

5, 160. 71 
392, 663. 01 

5, 884. 83 

31,482.54 

183, 167. 77 

146, 699. 76 

8, 665. 78 

76§ , 563. 69 



32, 150. 00 

331, 084. 50 

416. 20 

700. 00 

2, 659. 88 

367, 010. 5S 
300, 000. 00 
101,553.11 

768, 563. 69 



1903.] Document No. 10. 107 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginningof year 8 86,588,321.00 8 637,259.07 

Written during year 107,348,282.00 899,380.23 

Total 8 193,936,603.00 8 1,536,639.30 

Deduct those expired and marked off as terminated 109,886,713.00 844,821.30 

In force at end of year 8 84,049,890.00 8 G9I,818.0'< 

Deduct amount re-insured 8,738,342.00 69,893.62 



Net amount in force at end of year 8 75,311,548.00 $ 621,924.38 



RECAPITULATION OF FIRE RISKS AXD PREMIUMS. 

Year Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 1900 1 year or less One-half f 27,801,317.00 8 271,130.36 8 135,565.18 

In 1899 2 years One-fourth 1,063,405.00 8,216.55 2,054.14 

In 1900 2 years Three-fourths 1,313,072.00 8,322.68 6,242.01 

In 1898 3 years One-sixth 12,472,762.0(1 79,692.32 13,282.05 

In 1899 3 years One-half 13,066,123.00 92,320.68 46,160.34 

In 1900 3 years Five-sixths 15,078,179.00 106,899.12 89,082.00 

In 1897 4 years One-eighth 4(1,801. on 445.20 55.65 

In 1898 4 years.... Three-eighths 46,107.00 476.38 178.64 

In 1899 4 years Five-eighths 186,485. on 2,086.11 1,303.82 

In 1900 4 years Seven-eighths 461,240.00 2,931.48 2,565.04 

In 1896 5 years One-tenth 141, 216. no 2,091.35 209.14 

In 1897 5 years Three-tenths 247,755.00 2,797.48 839.24 

In 1898 5 years One-half 548,113.00 o, 703.77 3,351.88 

In 1899 5 years Seven-tenths 1,502,879.00 19,175.17 13,422.(11 

In 1900 5 years Nine-tenths 1,341,494.00 18,635.73 16,772.16 

Totals 8 75,311,548.00 § 621,924.38 $ 331,084.50 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 120,484.14 

Net premiums received during 

year 8 683,431.36 

Increase in gross uncollected 

premiums 8 2", 087.14 

Increase in re-insurance fund__ 24,683.61 



Total net premiums earned 678,834.89 

Interest, etc., received $ 21,978.08 

Increase in accrued interest, etc., 3S.338.90 

Total interest earned 60,316.98 



Total premiums and interest 

earned $ 739,151.87 

Net losses paid during year 8 458,693.11 

Decrease in net unpaid losses 5,992.67 

Total net losses incurred $ 452,700.44 

Expenses paid 8 282,934.91 

Increase in unpaid expenses 7,802.85 

Total expenses incurred 290,737.76 

Total losses and expenses in- 
curred 733,438.20 



Net gain for year 8 5,713.67 

Dividends to stockholders 8 23,989.30 

Dividends to scrip-holders 644.70 



108 



Document No. 10. 



[Session 



Decrease in same to stockholders, $ 10.70 

— — S 10.70 

Total dividends incurred for 

year $ 24,644.70 

Decrease in surplus for year 18,931.03 

Surplus at end of year $ 101,553.11 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 263,566.00 

Gross premiums received 4,436.61 

Re-insurance premiums 4,356.78 

Losses paid 2,77".. SI 

Losses incurred 2,813.67 



COLOGNE (U. S. BRANCH) RE-INSURANCE COMPANY 

OF GERMANY. 

Located at Hartford, Conn. 
Incorporated 1852. Commenced Business in U. S. 1S98. 

Richard Lewis, U. S. Manager. 



Deposit capital, $200, 000. 

Amount of net or ledger assets December 31, 1899 $ 

INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums $ 413,398.06 

Deduct re-insurance, rebate, abatement and return 

premiums 64,537.45 



Net cash received for premiums $ 348,860.61 



Interest and dividends on stocks and bonds 
Profit on sale or maturity of ledger assets 
From all other sources 



Total income * 

Aggregate last balance and income $ 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 131,764.57 3 

Net cash paid for losses S 131,764.57 $ 



397, 843. 08 



348, 860. 61 
18, 140. 00 
15, 774. 25 

100, 000. 00 

482, 774. 86 
880, 617. 94 



131,764.57 



1903.] 



Document No. 10. 



109 



Commissions or brokerage and allowances to agents $ 100, 083. 96 

Taxes 5,594.73 

All other expenditures 126, 375. 73 

Total disbursements during the year § 363, 818. 99 

Balance December 31, 1900 $ 516, 798. 95 

ASSETS. 

AS PER LEDGER ACCOUNTS. 



Book value of stocks and bonds. 
Cash in bank 



513,807.09 

■2, '.191. 86 



Total net or ledger assets $ 

OTHER ASSETS. 

Market value of stocks and bonds over book value 

Uncollected premiums 

Total admitted assets 

LIABILITIES. 



516, 798. 95 

18, 660. 41 
68, 096. 03 

$ 603, 555. 39 



Losses adjusted and unpaid 

Losses in process of adjustment. 



8,417.60 
39,204.00 



Netamountof unpaid losses 

Total unearned premiums 

Salaries, rents, etc., due and accrued 

Total liabilities 

Net surplus 



Total liabilities, including cash capital and net surplus $ 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 



In force at beginning of year- 
Written during year 



Fire Risks. 
14,735,844.00 
57,593,180.00 



47,621.60 

225, 870. 26 

185. 40 

273, 677. 26 
329, 878. 13 

603, 555. 39 



Premiums. 
123,960.72 

459,044.70 



Total 

Deduct those expired and marked orf as terminated. 



72, 329, 0-24. (X) $ 
26,296,596.00 



583,005.42 
189,361.53 



In force at end of year $ 46,032,428.00 $ 



393,643.89 



Net amount in force at end of year $ 46,032,428.00 $ 

Largest amount in any one hazard S 25,000.00 



393,643.89 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Fraction 
Unearned. 



Ykar 
Written. Term. 

In 1900 1 year or less One-half 3 

In 1899 2 years One-fourth 

In 1900 2 years Three-fourths __ 

In 1898 3 years One-sixth 

In 1899 3 years One-half 

In 1900 3 years Five-sixths 

In 1897 4 years One-eighth 

In 1898 4 years Three-eighths .. 

In 1899 4 years Five-eighths 



Amount 
Covered. 

33,577,292.00 

205,471.00 

1,154,248.00 
174,267.00 
793,513.00 

8,186,578.00 



Premiums 
Charged. 

289,353.91! 

1,435.54 

6,466.67 

1,485.70 

8,196.78 

62,747.17 



Premiums 
Unearned. 

144,67H. its 

358.89 

4,850.nii 

247.62 

4,098.39 

52,289.31 



7,692.00 
90,698.00 



96.17 
9-s. 93 



36.06 
618.08 



110 Document No. 10. [Session 

In 1900 4 years Seven-eighths _.$ 441,544.00 $ 3,800.05 $ 3,325.04 

In 1896 5 years One-tenth 

In 1897 5 years Three-tenths . 

In 1898 5 years One-half 148,236.00 1,047.87 823.94 

In 1899 5 years Seven-tenths 433,280.00 5,682.96 3,978.07 

In 1900 5 years Nine-tenths 819,603.00 11,742.09 10,567.88 



Totals $ 40,032,428.00 $ 393,643.89 $ 225,870.26 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year 8 378,197.39 

Net premiums received dur- 
ing year $ 348,860.61 

Increase in gross uncollected 

premiums $ 45,646.64 

Increase in re-insurance 

fund 157,260.58 111,013.94 



Total net premiums earned, 8 237,246.67 

Interest, etc., received $ 18,140.00 

Increase in accrued interest, 

etc 11,228.00 



Total interest earned 29,368.00 



Total premiums and interest 

earned $ 266,614.73 

Net losses paid during year_S 131,704.57 

Increase in net unpaid losses, 37,294.24 



Total net losses incurred $ 169,058.81 

Expenses paid $ 105,891.59 

Increase in unpaid expenses, 13,820.76 



Total expenses incurred 119,712.35 

Total losses and expenses 

incurred 288,771.16 



Net loss for year $ 22,150.43 

Remitted to home office 

during year 26,162.83 



Decrease in surplus for year, $ 48,319.26 



Surplus at end of year 329,878.13 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written ,_ $ 318,160.00 

Re-insurance premiums received 5,078.36 

Losses paid 5,517.54 

Losses incurred 4,517.54 



Number of agents working in State during year, 2. 



1903.] Document No. 10. Ill 

COMMERCIAL UNION ASSURANCE COMPANY 
OF GREAT BRITAIN. 

U. S. Branch Located at New York, N. Y. 
Incorporated 1861. Commenced Business 1861. 

A. H. Wray, Manager. 



Cash capital, $1,250,000. 

Amount of net or ledger assets December 31, 1899 $ 3, 170, 430. 95 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 3,140,901.02 8 101,740.40 

Deduct re-insurance, rebate, abatement and return 

premiums 646,694.54 1 8,557. 5S 

Net cash received for premiums $ 2, 494, 207. TO $ 83,182.82 

2, 577, 389. 90 
Rents 44, 561. 80 

Interest received on mortgages 11,032.50 

Interest and dividends on stocks and bonds .--- 74, 680. 13 

Profit on sale or maturity of ledger assets 6, 529. 63 

From all other sources 38, 494. 93 

Total income $ 2,752,688.89 

Aggregate last balance and income $ 5, 923, 119. 84 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 1,899,872.25 $ 42,284.99 

Deduct salvage and re-insurance 131,714.14 8,967.47 

Net cash paid for losses $ 1,768,158.11 33,317.52 

1,801,475.63 

Commissions or brokerage and allowances to agents 492, 586. 90 

Salaries and fees of officers and employees 140, 631. 61 

Taxes 95,100.28 

All other expenditures 254,501.03 

Total disbursements during the year $ 2, 784, 295. 45 

Balance December 31, 1900 $ 3,138,824.39 



112 Document No. 10. [Session 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 800,000.00 

Loans on mortgages 230,500.00 

Book value of stocks and bonds 765,740.83 

Cash in company's office 10,605.86 

Cash in bank 177,098.83 

Due from Palatine Insurance Company 143,266.53 

Bills receivable 5, 875. 67 

All other 5,736.67 

Total net or ledger assets $ 3,138,824.39 

OTHER ASSETS. 

Rents and interest due and accrued 29, 374. 25 

Market value of real estate over book value 88, 148. 69 

Market value of stocks and bonds over book value 117, 652. 92 

Uncollected premiums 425, 495. 62 

Gross assets $ 3, 799, 495. 87 

Non-admitted assets — 

Agents' debit balances unsecured 5$ 891. -40 

Premiums more than three months due 10,504.02 

Depreciation in book value real estate, etc 1,(363.12 



Total deductions 13,058.54 



Total admitted assets $ 3,786,437.33 

LIABILITIES. 

Losses adjusted and unpaid I 145, 110. on 

Losses in process of adjustment 150,415.00 

Losses resisted 49,500.00 



Net amount of unpaid losses, less re-insurance $ 321, 649. 00 

Total unearned premiums 1, 957, 128. 72 

Amount reclaimable on perpetual fire risks 97, 723. 54 

Eeturn and re-insurance premiums 7, 176. 57 

Total liabilities _ $ 2,383,677.83 

Net surplus 1,402,759.50 

Total liabilities, including cash capital and net surplus $ 3, 786, 437. 33 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fikb Risks. Premiums. 

In force at beginning of year $ 423,184,788.00 $ 3,929,601.28 

Written during year '_ 309,974^637.00 3,226,627.04 



Total | 733,159,4-25.00 $ 7,156,288.32 

Deduct those expired and marked off as terminated 303,424,536.00 3,076,165.29 



In force at end of year $ 429,734,889.00 $ 4,080,123.03 

Deduct amount re-insured 28,017,211.00 222,799.62 



Net amount in force at end of year $ 401,717,678.00 $ 3,857,323.41 

Largest amount in any one hazard 8 50,000.00 



1903.] Document No. 10. 113 

Marine and 

Inland. Premiums. 

In. force at beginning of year 8 385,720.00 8 19,255.8& 

Written during year 38,509,391.00 102,216.47 

Total 8 38,895,111.00 J 121,472.33 

Deduct those expired and marked off as terminated 38,086,015.00 85,259.67 

In force at end of year . 8 809,096.00 8 30,212.66 

Deduct amount re-insured 53,000.00 2,08(1.73 

Net amount in force at end of year 8 756,096.00 $ 3-1,131.93 

PERPETUAL RISKS. 

Amount. Deposits. 

In force at beginning of year . $ 5,107,328.11 8 100,737.57 

Written during year 368,141.92 7,530.80 

Total - 8 5,475,470.03 8 114,268.37 

Deduct those marked off as cancelled 282, 303. on 5,686.66 

In force at end of year S 5,193,107.03 8 108,581.71 

Losses incurred during year ? 013.24 

es paid during year 613.24 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year Fraction Amount Premiums ■ Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 1900 1 year or less.One-half $163,758,831.00 $ 1,919,103.38 $ 959,551.00 

In 1899 2 years One-fourth 3,198,431.00 17,820.85 4,450.71 

In 1900 2 years Three-fourths 1,010,567.00 11,104.81 8,373.00 

In 1898 3 years One-sixth 62,646,047.00 435,823.44 72,637.24 

In 1899 3 years One-half 55,807,045.00 414,482,17 207,241.08 

InlOOo 3 years... Five-sixths 55,272,574.00 441,912.10 388,260.14 

In 1897 4 years One-eighth 879,916.00 7,918.72 989.84 

Jn 1898 4 years Three-eighths 886,542.00 7,518.96 2,819.01 

In 1899 4years ..Five-eighths 1,366,104.00 11,583.35 7,239.59 

In 1900 4 years Seven-eighths 1,038,354.00 8,242.96 7,212.59 

In 1890 5 years One-tenth 10,316,817.00 108,896.64 10,889.66 

In 1897 5 years Three-tenths 9,891,822.00 105,380.84 31,014.24 

In 1898 5 years One-half 12,366,139.00 118,334.60 59,167.30 

In 1899 5 years Seven-tenths 10,473,137.00 113,554.79 79,488.36 

In 19oo 5 years Nine-tenths 11, 182, 802. on 128,917.37 116,025.64 

Over 5 years Pro rata 1,010,550.00 6,662.37 4, 095.47 

Perpetual 95 per cent 5,193,107.00 108,581.71 97,723.54 



Totals §406,910,785.00 $ 3,965,905.12 8 2,037,786.30 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year 8 1,325,610.16 

Net premiums received during 

year 8 2,577,389.90 

Increase in gross uncollected pre- 
miums 8 91,707.58 

Increase in re-insurance fund 30,959.93 03,747.65 



Total net premiums earned 8 2,641,137.55 

Interest, etc., received S 102,465.84 

Increase in accrued interest, etc. __ 15,231.32 



Total interest earned 117,097.10 

8 



114 Document No. 10. [Session 

Total premiums and interest 

earned $ 2,758,834.71 

Net losses paid during year $ 1,801,475.03 

Decrease in net unpaid losses 48,994.00 

Total net losses incurred $ 1,752,481.63 

Expenses paid $ 853,566.44 

Decrease in unpaid expenses 12,6S7.44 

Total expenses incurred 866,253,88 

Total losses and expenses in- 
curred 2,618,735.51 

Net gain for year $ 140,099.20 

Remitted to home office during 
year, less received from for- 
eign companies 62,949.86 

Increase in surplus for year $ 77,149.34 

Surplus at end of year ig 1,402,759.50 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 2,163,259.00 

Gross premiums received 17,240.49 

Re-insurance premiums 293.59 

Losses paid 1 20,696.69 

Losses incurred 26,040.61 



CONTINENTAL INSURANCE COMPANY OF NEW YORK. 

Located at New York, N. Y. Incorporated 1852. Commenced Business 1853. 
F. C. Moore, President. Edward Lanning, Secretary. 



Cash capital,; $1,000, 000. 

Amount of net or ledger assets December 31, 1899 $ 8, 709, 143. 99 

INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums L Sf 4,929,695.41 $. 

Deduct re-insurance, rebate, abatement and return 

premiums 635,164.43 — 



Net cash received for premiums S 4,294.530.98 



4, 294, 530. 98 
Rents 68, 810. 56 

Interest received on mortgages 3, 769. 14 

Interest and dividends on stocks and bonds 329, 437. 60 



1903.] Document No. 10. 115 

Interest and dividends from all other sources $ 17, 681. 35 

Profit on sale or maturity of ledger assets 405, 180. 05 

Total income $ 5,119,409.68 

Aggregate last balance and income $ 13, 828, 553. 67 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses 3 2,357,305.30 $ 

Deduct salvage and re-insurance 137,005.99 



.Net cash paid for losses S 2,220,299.31 8- 



2, 220, 299. 31 

Paid stockholders (interest or dividends) 250, 000. 00 

Commissions or brokerage and allowances to agents 880, 650. 39 

Salaries and fees of officers and employees 317, 278. 20 

Taxes 146,785.14 

All other expenditures 276, 518. 81 

Total disbursements during the year $ 4,091,531.85 

Balance December 31, 1900 $ 9, 737, 021. 82 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 1,106,250.00 

Loans on mortgages 60,210.00 

Book value of stocks and bonds 7,932,147.99 

Cash in company's office 2,301.01 

Cash in bank 636,109.82 



Total net or ledger assets $ 9,737,021.82 

OTHER ASSETS. 

Rents and interest due and accrued 69, 855. 06 

Market value of stocks and bonds over book value 153, 732. 01 

Uncollected premiums 677, 662. 58 

Total admitted assets $ 10,638,271.47 

LIABILITIES. 

Losses in process of adjustment $ 319,335.01 

Losses resisted 40,815.00 



Net amount of unpaid losses, less re-insurance $ 371, 666. 75 

Total unearned premiums 4, 272, 117. 52 

Commissions due agents and brokers 120, 828. 56 

Salaries, rents, etc., due and accrued 15,000.00 

Return and re-insurance premiums 13,550.00 

All other liabilities 334,569.34 

Total liabilities $ 5,127,732.17 

Cash capital 1,000,000.00 

Reserve or guarantee fund 600, 000. 00 

Net surplus--' 3,910,539.30 

Total liabilities, including cash capital and net surplus $ 10, 638, 271. 47 



116 



Document No. 10. 



[Session 



MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 845, S8S, 9H9.no $ 7,815,812.37 

Written during year 600,640,582.00 4,960,236.11 

Total $1,446,529,521.00 $ 12,776,048.48 

Deduct those expired and marked off as terminated 544,069,152.00 4,304,904.68 

In force at end of year $ 902,460,369.00 $ 8,471,143.80 

Deduct amount re-insured 21,351,398.00 233,825.50 

Net amount in force at end of year $ 881,108,971.00 $ 8,237,318.29 

Largest amount in any one hazard $ 100,000.00 



Year 

Written. 

In 1900 1 

In 1S99 2 

In 1900 2 

In 1898 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1896 5 

In 1897 5 

In 1898 5 

In 1899 5 

In 1900 5 

Over 5 years— 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Fraction 
Term. Unearned. 

year or less One-half 

years One-fourth 

years Three- fourths 

years One-sixth 

years One-half 

years Five-sixths 

years One-eighth 

years Three- eighths 

years Five-eighths 

years Seven-eighths 

years One-tenth 

years Three-tenths 

years One-half 

years Seven-tenths 

years Nine-tenths 

._ Pro rata 



Amount 


Premiums 


Premiums 


Covered. 


Charged. 


Unearhed. 


249,832,198.00 $ 


i 2,617,106.68 


$ 1,308,553.34 


3,990,038.(10 


23,356.06 


5,839.02 


3,307,529.00 


20,866.80 


15,650.10 


157,059,936.00 


1,022,714.39 


170,452.39 


133,320,127.00 


1,027,291.46 


513,645.73 


145,332,979.00 


1,172,747.34 


977,289.45 


1,962,900.00 


14,397.49 


1,799.68 


3,915,451.00 


17,561.55 


6,585,58 


3,409,456.00 


18,409.10 


11,505.69 


3,199,091.110 


26,129.06 


22,862.93 


27,138,318.00 


357,399.70 


35,739.97 


30,325,749.00 


392,242.52 


117,072.75 


39,185,096.00 


451,117.59 


225,558.80 


35,038,568.00 


510,393.70 


361,475.59 


40,891,814.00 


544,633.06 


490,169.75 


2,893,718.00 


14,951.79 


7,316.75 



Totals S 881,108,971.00 $ 8,237,318.29 



4,272,117.52 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year. 
Net premiums received during 

year 

Increase in gross uncollected 

premiums $ 

Increase in re-insurance fund __ 

Total net premiums earned 

Interest, etc., received 

Increase in accrued interest, etc., 

Total interest earned 



Total premiums and interest 
earned 

Net losses paid during year $ 

Increase in net unpaid losses 

Total net losses incurred 

Expenses paid 8 

Increase in unpaid expenses 

Total expenses incurred 

Total losses and expenses in- 
curred 



11,919.02 



373,089.38 
193,993.84 



$ 4,294,530.98 

4,306,450.00 
303,780.82 

| 4,002,669.18 



507,083.22 



2,220,299.31 
47,263.88 

1,574,601.37 
2,043.65 



2,267,563.19 



1,576,645.02 



_S 4,034,995.11 



3 4,509,752.40 



3,844,208.21 



1903.] Document No. 10. 117 

Net gain for year $ 725,544.19 

Dividends to stockholders S 250,000.00 

Total dividends incurred for 

y eav 250,000.00 

Increase in surplus for year $ 475,o44.19 

Surplus at end of year $ 4,510,539.30 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. FlRE AND 

Tornado Risks. 

Gross risks written » 2,067,999.00 

Gross premiums received 32,285.49 

, ■, 12, H03.42 

Losses paid ' 

Losses incurred - 9,817.63 



EQUITABLEiFIRE INSURANCE COMPANY OF SOUTH 

CAROLINA. 

Located at Charleston, S. C. Incorporated 1894. Commenced Business 1895. 

James F. Redding, President. Wm. G. Mazyck, Secretary. 



Cash capital, $117,800. 

Amount of net or ledger assets December 31, 1899 $ 126,159.02 

INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums S 55,787.05 $. 

Deduct re-insurance, rebate, abatement and return 

premiums 21,032.69 .. 



Net cash received for premiums $ 34,154.96 $_ 



34, 154. 96 

Interest received on mortgages 2, 901. 05 

Interest received on collateral loans 1. 889. 28 

Interest and dividends on stocks and bonds 1,525.00 

Interest and dividends from all other sources 132. 30 

From all other sources 3, 963. 65 

Total income $_ 44, 566. 24 

Aggregate last balance and income $ 170, 725. 26 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses S 12,720.39 § 

Deduct salvage and re-insurance 2,043.81 

Net cash paid for losses S 10,676.58 S 



10, 676. 58 



118 



Document No. 10. 



[Session 



Paid stockholders (interest or dividends) $ 

Commissions or brokerage and allowances to agents 

Salaries and fees of officers and employees 

Taxes 

All other expenditures 

Total disbursements during the year $ 

Balance December 31, 1900 $ 

ASSETS. 



AS PER LEDGER ACCOUNTS. 



Loans on mortgages 

Loans on collaterals 

Book value of stocks and bonds. 

Cash in company's office »._. 

Cash in bank 

All other 



54,245.79 

36,846.44 

4(1,000.00 

1,838.63 

1,424.11 

2,970.50 



LIABILITIES 



Losses adjusted and unpaid 

Losses in process of adjustment. 
Losses resisted 



4,597.79 
300.00 
960.00 



Net amount of unpaid losses, less re-insurance $ 

Total unearned premiums 

Commissions due agents and brokers 

Salaries, rents, etc., due and accrued 

Return and re-insurance premiums 

Total liabilities $ 

Cash capital ' 

Net surplus 

Total liabilities, including cash capital and net surplus $ 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. 

In force at beginning of year $ 2,543,768.70 

Written during year 4,511,652.10 



7, 068. 00 

6,031.51 
6, 475. 00 
2, 227. 66 
1,961.54 



34, 440. 29 



136, 284. 97 



Total net or ledger assets $ 137,334.47 

OTHER ASSETS. 

Rents and interest due and accrued 2,80(5. 28 

Market value of stocks and bonds over book value 4, 690. 00 

Uncollected premiums, including re-insurance 10, 667. 70 

Gross assets 1 f> 



155, 498. 45 



4, 879. 84 

24,081.04 

27.98 

1, 402. 38 

1, 893. 05 



32, 284. 29 

117, 800. 00 

5,414.16 

155, 498. 45 



Premiums. 
33,083.78 
58,378.75 



Total $ 7,055,420.80 

Deduct those expired and marked off as terminated 3,606,577.96 



91,462.53 
33,821.91 



In force at end of year $ 3, 448, 842. s4 

Deduct amount reinsured 692,718.31 

Net amount in force at end of year $ 

Largest amount in any one hazard $ 7,500.00 



57,640.62 
12,059.20 



2,756,124.53 



45,581.42 



1903.] 



Document No. 10. 



119 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Fraction 
Term. Unearned. 

.1 year or less One-half 

_3 years One-sixth 

.3 years One-half 

_3 years Five-sixths 

.5 years One-tenth 

In 1S97 5 years Three-tenths _, 

In 1898 5 "years One half 

In 1899 5 years Seven-tenths _. 

In 1900 5 years Nine-tenths .. 



Year 
Written. 

In 1900— 

In 1898... 
In 1899— 

In 1900 

In 1896— 



Totals . 



Amount 
Covered. 

1,427,069.30 g 

159,613.85 

198,165.50 

294,277.33 
20,200.00 
14,873.55 
32,285.00 
27,022.00 
42,175.00 

$ 2,215,681.5:; $ 



Prejmu'jik 
Charged. 

30,395.29 

2,835.00 

3,502.39 

5,690.72 

350.10 

390.03 

718.27 

616.93 

1,082.69 

45,581.42 



Premiums 
Unearned. 

15,197.65 

472.50 

1,751.19 

4,742.27 

35.01 

117.01 

359.14 

431.85 

974.42 

24,081.04 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 

Net premiums received during 

year S 34,154.90 

Increase in gross uncollected 

premiums S 90.35 

Increase in re-insurauee fund — 0,837.59 



Total net premiums earned 

Interest, etc., received $ 10,411.28 

Increase in accrued interest, etc., 2,705.50 



Total interest earned. 



Total premiums and interest 

earned 

Net losses paid during year i 

Increase in net unpaid losses 

Total net losses incurred 

Expenses paid $ 

Decrease in unpaid expenses 

Total expenses incurred 



Total losses and expenses in- 
curred 

Net gain for year 

Dividends to stockholders 

Total dividends incurred for 
year 

Increase in surplus for year 



Surplus at end of year. 



10,299.84 

2,300.52 



10,525.21 
458.98 



0,747.24 
27,407.72 



13,110.78 



12,000.36 



16,066.23 



40,524.50 



28,666.59 



11,857.91 
7,068.00 



7,06S.OO 
4,789.91 



024.25 



5,414.16 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Gross risks written 

Gross premiums received . 
Re-insurance premiums _. 
Losses paid 

Losses incurred 



Number of agents working in State during year, 22. 



Fire Risks. 

160,808.00 

2,338.77 

165.49 

1,431.40 

1,455.40 



120 Document No. 10. [Session 

EQUITABLE FIRE AND MARINE INSURANCE COMPANY 

OF RHODE ISLAND. 

Located at Providence, R. I. Incorporated 1859. Commenced Business 1860. 
Fred. W. Arnold, President. James E. Tillixghast, Secretary. 



Cash capital, §400,000. 

Amount of net or ledger assets December 31, 1899 $ 830,961.45 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 548,464.13 8 7,211.70 

Deductre-insuranee, rebate, abatementand return 

premiums .. 85,856.80 426.12 

Net cash received for premiums $ 462, 607. 33 - 6,785.64 



469, 392. 97 

Rents 6, 188. 00 

Interest received on mortgages 7, 683. 61 

Interest received on collateral loans 2,575.96 

Interest and dividends on stocks and bonds 18, 558. 29 

Profit on sale or maturity of ledger assets 263. 89 

From all other sources 16, 038. 26 



Total income - $ 520,700.98 

Aggregate last balance and income $> 1,351,662.43 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 294,704.67 3 9,527.88 

Deduct salvage arid re-insurance 15,018.32 5,322.00 



Net rash paid fcr losses 9 279,686.35 8 4,205.88 



283, 892. 23 

Paid stockholders (interest or dividends) 28,000.00 

Commissions or brokerage and allowances to agents 98, 894. 89 

Salaries and fees of officers and employees 36,964.30 

Taxes-. 18,171.43 

Loss on sales or maturity — ledger assets 397. 47 

All other expenditures 32, 755. 91 

Total disbursements during the year $ 499, 076. 23 

Balance December 31, 1900 $ 852.586.20 



1903.] Document No. 10. 121 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned f 125,000.00 

Loans on mortgages 145,950.00 

Loans on collaterals 50,000.00 

Book value of stocks and bonds 393,700.00 

Cash in company's office 269.95 

Cash in bank 49,905.37 

Bills receivable 363.75 

All other 87,337.13 



Total net ledger assets $ 852,586.20 

OTHER ASSETS. 

Rents and interest due and accrued 1, 285. 00 

Market value of stocks and bonds over book value 65, 140. 00 



Gross assets $ 919, OIL 20 

Non-admitted assets — 

Premiums more than three month' due $ 508.02 



Total deductions 50S. 02 



Total admitted assets $ 918,503.18 



LIABILITIES. 

Losses adjusted and unpaid $ 9,608.38 

Losses in process of adjustment 29,083.62 

Losses resisted 3,04:;.i>'i 



Net amount of unpaid losses $ 41, 735. 00 

Total unearned premiums 332, 477. 22 

Commissions due agents and brokers 7, 710. 10 

Salaries, rents, etc., dne and accrued 3,500.00 

Return and re-insurance premiums 3, 000. 00 

Total liabilities $ 388, 422. 32 

Cash capital 400,000.00 

Net surplus 130,080.86 

Total liabilities, including cash capital and net surplus '-$ 918, 503. 18 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 48, 116, 709. 00 $ 518,198.52 

Written during year 49,689,746.00 562,757.07 



Total $ 97,806,455.00 $ 1,080,955.59 

Deduct those expired and marked off as terminated 38,363,502.00 421,053.04 

In force at end of year S 59,442,953.00 $ 659,902.55 

Deduct amount re-insured 2,767,990.00 29,992.45 

Net amount in force at end of year $ 56,674,963.00 $ 629,910.10 

Largest amount in any one hazard $ 25,000.00 



Marine and 

Inland. Premiums. 

In force at beginning of year $ 10,583.00 $ 395.41 

Written during year 808,007.00 8,957.08 



Total $ 618,590.00 $ 9,352.49 



122 Document No. 10. [Session 

Deduct those expired and marked oft as terminated $ 511,897.00 $ 3,487.71 

In force at end of year $ 106,693.00 8 5,864.78 

Net amount in force at end of year $ 106,693.00 $ 5,S64.78 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year. Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 1900 1 year or less— One-half $ 28,934,030.00 $ 363,761.90 $ 181,880.95 

In 1899 2 years One-fourth 384,157.00 3,572.90 893.24 

In 1900 2 years Three-fourths 165,287.00 1,6,75.51 1,256.63 

In 1898 3 years One-sixth 3,342,312.00 31,594.03 5,265.67 

In 1899 3 years One-half . 5,114,590.00 43,722.33 21,861.17 

In 1900 3 years Five-sixths 6,837,614.00 63,092.96 52,577.47 

In 1897 4 years One-eighth 33,350.00 267.38 33.42 

In 1898 4 years Three-eighths 71,852.00 733.27 274.98 

In 1S99 4 years Five-eighths 44,500.00 320.40 200.25 

In 1900 4 years Seven-eighths 90, 914. no 77S.32 6S1.03 

In 1896 5 years One-tenth 2,145,980.00 22,411.67 2,241.17 

In 1897 5 years Three-tenths 2,190,822.00 22,003.38 6,601.01 

In 1898 5 years One-half 2,084,940. oo 21,230.60 10,615.30 

In 1899 5 years Seven-tenths 2,347,144.00 24,053.13 16,837.19 

In 1900 5 years Nine-tenths 2,887,471.00 30,692.26 27,623.03 

Totals $ 56,674,963.00 $ 629,910.10 $ 328,842.51 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 176,569.69 

Net premiums received during 

year $ 469,392.97 

Increase in gross uncollected 

premiums $ 15,038.26 

Increase in re-insurance fund 78,226.17 63,187.91 



Total net premiums earned $ 406,205.06 

Interest, etc., received $ 29,921.30 

Increase in accrued interest, etc., 17,734.20 



Total interest earned 47,705.50 



Total premiums and interest 

earned $ 453,910.56 

Net losses paid-duiing year § 2S3, 892.23 

Increase in net unpaid losses 0,257.00 

Total net losses incurred $ 290,149.23 

Expenses paid $ 181,574.96 

Increase in unpaid expenses 675.20 

Total expenses incurred 182,250.10 

Total losses and expenses in- 
curred 472,399.39 



Net loss for year S 18,488.83 

Dividends to stockholders 28,000.00 



Totaldividendsincurredforyear, $ 28,000.00 

Decrease in surplus for year 40,488.83 

Surplus at end of year 130,080.86 



1903.] Document No. 10. 123 

FIRE ASSOCIATION OF PHILADELPHIA. 

Located at Philadelphia, Pa. 

Incorporated 1820. Commenced Business in 1817. 

E. C. Irvin, President. Benjamin T. Herkness, Secretary. 



Cash capital, $500,000. 

Amount of net or ledger assets December 31, 1899 $ 5, 144, 298. 69 

INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums $ 3,719,781.09 $_ 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 802, 165.. it 



Net cash received for premiums > 2,917,615.58 



2, 917, 615. 58 

Deposit premiums received for perpetual risks 87, 929. 01 

Rents 18,697.93 

Interest received on mortgages 1 103, 76S. 77 

Interest received on collateral loans 3, 475. 93 

Interest and dividends on stocks and bonds 136, 031. 94 

Interest and dividends from all other sources 1, 630. 71 

Profit on sale or maturity of ledger assets 5, 704. 60 

Total income $ 3,274,854.47 

Aggregate last balance and income $ 8, 419, 153. 16 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses § 2,ii8<;,iji;s.i)h « 

Deduct salvage and re-insurance 243,087.89 



Net cash paid for losses S 1,843,580.11 8- 



1,843, 5S0. 11 

Deposit premiums returned 92, 876. 88 

Paid' stockholders (interest or dividends) 200, 000. 00 

Commissions or brokerage and allowances to agents 685, 563. 75 

Salaries and fees of officers and employees ' 210, 837. 2H 

Taxes 112, 147. 59 

All other expenditures 137,092.21 

Total disbursements during the year $ 3,282,097.80 

Balance December 31, 1900 $ 5, 137,055.36 



124 Document No. 10. [Session 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 497,332.37 

Loans on mortgages 1,506,810.89 

Loans on collaterals So, 140. 01 

Book value of stocks and bonds 2, 701, 580. 00 

Cash in company's office 25,483.50 

Cash in bank 230,701.90 

Total net or ledger assets $ 5, 137, 055. 36 

OTHER ASSETS. 

Rents and interestdue and accrued 65, 227. 61 

Market value of stocks and bonds over book value 2S0, 840. 00 

Uncollected premiums, including re-insurance 694, 506. 75 

Grossassets $ 6,177,629.72 

Non-admitted assets — 

Company's stock— owned S 40,800.00 

Depreciation in book value of real estate, etc 3,732.37 

Total deductions 44,532.37 

Total admitted assets $ 6, 133, 097. 35 

LIABILITIES. 

Losses adjusted and unpaid S 170,014.02 

Losses in process of adjustment 1 144,639.90 

Losses resisted 40,994.71 

Net amount of unpaid losses, less re-insurance $ 314, 190. 43 

Total unearned premiums 2,308,360.54 

Amount reclaimable on perpetual fire risks 1, 945, 077. 48 

Return and re-insurance premiums 180, 219. 73 

Total liabilities -' , $ 4,747,848.18 

Cash capital 500,000.00 

Net surplus 929, 781. 54 

Total liabilities, including cash capital and net surplus $ 6, 177, 629. 72 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year S 388,091,323.00 $ 4,301,022.92 

Written during year 304,327, 744.00 3,753 , 912.24 

Total - $ 093,319,007.00 $ S, 115,535. 16 

Deduct those expired and marked off as terminated 2S2, 037, 311.00 3,321,767.20 

In force at end of year 8 410,081,750.00 $ 4,793,767.96 

Deduct amount re-insured - 20,900,799.00 3 29,805.94 

Net amount in force at end of year 8 383,780,957.00 S 4,403,872.02 

Largest amount in any one hazard S 50,000.00 



1903.] Document No. 10. 125 

RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 1900 lyearorless One-half $154,728,229.00 8 2,085,982.38 $ 1,042,991.19 

In 1899 2 years One-fourth 765,439.00 7,304.19 1,826.05 

In 1900 2 years Three-fourths 864,369.00 7,510.27 5,632.71 

In 1898 3 years One-sixth 51,369,316.00 455.886.39 75,981.06 

In 1899 3 years One-half 42,750,412.00 457,490.28 228,745.14 

In 1900 3 years Five-sixths 52,656,595.00 569,794.32 474,828.60 

In 1S9T 4 years One-eighth 411, 746. no 4,434.11 554.26 

In 1898 4 years Three-eighths 686, 753. oo 6,144.26 2,304.09 

In 1899 4 years Five-eighths 650,487. on 6,0<)9.08 3,811.93 

In 1900 4 years Seven-eighths 739,098.00 7,029.71 6,151.00 

In 1896 5 years One tenth 12,988,306.00 141,255.04 14,125.50 

In 1897 5 years Three tenths 14,365,865.00 148,405.42 44,521.62 

In 1898 5 years One-half 15,504,954.00 169,435.93 84,717.97 

In 1899 5 years Seven-tenths 16,196,752.00 176,105.71 123,273.99 

In 1900 5 years Nine-tenths 19,102,636.00 220,994.93 198,895.43 

Perpetual 95 per cent 88, 116, 071.00 2,116,012.61 1,945,077.48 



Totals 8 471,897,028.00 8 6,579,884.63 $ 4,253,438.02 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year 8 1,039,432.84 

Net premiums received during 

year 8 2,912,667.71 

Increase in gross uncollected 

premiums S 29,196.91 

Increase in re-insurance fund 215,020.56 185,823.65 



Total net premiums earned 5 2,726,844.06 

Interest, etc., received 8 246,391.24 

Increase in accrued interest, etc., 42,770.72 



Total interest earned 289,161.96 



Total premiums and interest 

earned 8 3,016,006.02 

Net losses paid during year 8 1,843,580.11 

Decrease in net unpaid losses __ 46,349.56 

Total net losses incurred $ 1,797,230.55 

Expenses paid 8 1,128,426.77 

Total expenses incurred 1,128,426.77 



Total losses and expenses in- 
curred 2,925,657.32 



Net loss for year 8 90,348.70 

Total dividends incurred for 

year 200,000.00 



Decrease in surplus for year 8 109,651.30 



Surplus at end of. year 929,781.54 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written 8 1,582,736.00 

Gross premiums received 20,808.02 

Losses paid 11,469.01 

Losses incurred - 12,187.03 



126 



Document No. 10. 



[Session 



FIREMENS INSURANCE COMPANY OF MARYLAND. 

Located at Baltimore, Md. Incorporated 1825. Commenced Business 1826. 

F. E. S. Wolfe, President. Harry L. Riall, Secretary. 



Cash capital, $900,000,. 

Amount of net or ledger assets December 31, 1899 $ 838, 759. 08 

Increase of paid-up capital during 1900 400, 000. 00 



INCOME. 



Gross cash received for premiums , $ 

Deduct re-insurance, rebate, abatement and return 
premiums 

Net cash received for premiums 



Fire. 
796,709.47 $ 

296,877.2(j .. 



Marine and 
Inland. 



$ 499,832.21 $. 



Rents 

Interest and dividends on stocks and bonds- 
From all other sources 



499, 832. 21 

8, 834. 54 

21, 348. 10 

121, 217, 52 



Total income $ 051,232.37 

Aggregate last balance and income $ 1, 889, 991. 45 

DISBURSEMENTS. 



Gross cash paid for losses 

Deduct salvage and re-insurance 



Marine and 
Fire. Inland. 

451,394.19 $ 

115,607.56 



Net cash paid for losses g 335,786.63 $- 



Paid stockholders (interest or dividends) 

Commissions or brokerage and allowances to agents 

Salaries and fees of officers and employees 

Taxes 

Loss on sales or maturity — ledger assets 

All other expenditures — 

Total disbursements during the year $ 522, 232. 26 

Balance December 31, 1900 $ 1,367,759.19 



335, 786. 63 
39, 629. 44 
73, 076. 18 
13, 752. 00 
30, 105. 39 
129. 34 
29, 753. 2S 



ASSETS 



AS PER LEDGER ACCOUNTS. 



Book value of real estate owned. 

Loans on collaterals 

Book value of stock and bonds _. 

Cash in company's office 

Cash in bank 

All other 



170,000.00 

20,200.00 

124,907.57 

5,435.19 

46,058.39 

558.04 



Total net or ledger assets $ 1,367, 759. 19 



1903.] 



Document No. 10. 



127 



OTHER ASSETS. 



Rents and interest due and accrued $ 17, 298. 94 

Market value of real estate over book value 25, 000. 00 

Market value of stocks and bonds over book value 21, 783.93 

Uncollected premiums, re-insurance, office fixtures, etc 57, 929. 19 



Gross assets 

Non-admitted assets — 

Furniture and supplies S 5,19S-.36 

Aleuts' debit balances unsecured 558.04 



$ 1, 489, 771. 25 



5, 756. 40 



Total deductions 

Total admitted assets $ 1,484,014.85 

LIABILITIES. 

Losses adjusted and unpaid S 8,322.43 

Losses in process of adjustment 23,540.55 

Net amount of unpaid losses $ 31, 862. 98 

Total unearned premiums 334, 200. 76 

Unpaid dividends due stockholders 838. 56 

Return and re-insurance premiums 24, 493. 90 

All other liabilities 10, 000. 00 



Total liabilities 

Cash capital 

Net surplus 

Total liabilities, including cash capital and net surplus-- 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Firk. Risks. 
In force at beginning of year S 06,417,361.00 

Written during year 92,336,062.00 

I 

Total -i § 158,753, 42:;. mi 

Deduct those expired and marked off as terminated 56,995,912.00 

In force at end of year $ 101,757,511.00 

Deduct amount re-insured 16,045,201.00 



-$ 401,396.20 
900, 000. 00 
182,618.65 

-$ 1,484,014.85 



Net amount in force at end of year S 85,712,310.00 

Largest amount in any one hazard S 30,000.00 



Premiums. 
S 574,859.22 

7S5, 829.71 

1,360,688.93 
521,297.58 

$ 839,391.35 
164,950.98 

$ 674,440.37 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Year 
Written. 



Fraction 
Unearned. 



Term. 

In 1900 1 year or less One-hall 

In 1898 3 years One-sixth 

In L899 3 years One-half 

In 1900 3 years Five-sixths 

In 1896 5 years One-tenth 

In 1897 5 years Three-tenths 

In 1898 5 years One-half 

In 1899 5 years Seven-tenths 

In l'.n m 5 years Nine-tenths 

Totals 



Amount 
Covered. 

42,957,130.76 

14,072,841.50 

11,166,755.66 

6,313,200.00 

1,529,492.50 

2,542,831.00 

2,970,897.30 

2,543,048.34 

1,616,112.94 



Premiums 
Charged. 

368,543.66 

74,348.35 

81,685.36 

511,1)99.21 
9,860.76 
18,409.33 
'S7.59 
25, .'I 
18,942.88 



.$ 85,712,310.00 3 674,440.37 



Premiums 
Unearned. 

! 184,271.83 

12,391.39 

40,842.68 

41,749.35 

986.08 

5,522.79 

13,493.79 

17,894.24 

17,048.61 

| 334,200.76 



128 



Document No. 10. 



[Session 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year 8 96,S69.39> 

Net premiums received during • 

year $ 499,832.21 

Decrease in gross uncollected 

premiums 8 15,822.44 

Increase in re-insurance fund — 63,843.94 73,666.38 

Total net premiums earned § 420,105.83 

Interest, etc., received $ 2S,241.01 

Increase in accrued interest, etc , ,154,566.27 

Total interest earned 182,807.28 

Total premiums and interest 

earned 1 $ 602,973.11 

Net losses paid during year $ 335,786.63 

Increase in net unpaid looses 4,104.70 

Total net losses incurred $ 339,891.33 

Expenses paid $ 144,745.22 

Decrease in unpaid expenses 7,412.70 

Total expenses incurred 137,332.52 

Total looses and expenses in- 
curred 477,223.85 

Net gain for year $ 125,749.26 

Dividends to stockholders 39,629.44 

Increase in same to stockholders, $ 370.56 

Total dividends incurred for 

year $ 40,000.00 

Increase in surplus for year 85,749.26 

Surplus at end of year 182,618.65 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. • 

Gross risks written $ 806,573.00 

Gross premiums received 11,695.31 

Re-insurance premiums » 2,415.69 

Losses paid 3,863. 62 

Losses incurred 4,697.42 



1903.] Document No. 10. 129 

FIREMAN'S FUND INSURANCE COMPANY 
OF CALIFORNIA. 

Located at San Francisco, Cal. Incorporated 1863. Commenced Business 1863. 
William J. Dutton, President. Louis Weinmann, Secretary. 



Cash capital, $1, 000, 000. 

Amount of net or ledger assets December 31, 1S99 $ 3, 366, 621. 22 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premium? $ 2,255,417.59 $ 879,280.(30 

Deduct re-insurance, rebate, abatement and return 

premiums 657,924.96 556,103.55 



Net cash received for premiums 8 1,597,492.03 $ 323,1S3.05 



1,920,675.68 

Rents 27,952.09 

Interest received on mortgages 32, 609. 15 

Interest received on collateral loans 9, 140.34 

Interest and dividends on stocks and bonds 105, 813. 29 

Interest and dividends from all other sources 2, 485. 45 

Profit on sale or maturity of ledger assets 10, 826. 59 

From all other sources 10, 163. 12 

Total income - $ 2, 119, 665. 71 

Aggregate last balance and income $ 5, 486, 286. 93 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses 3 1,236,900.34 8 542,487.50 

Deduct salvage and re-insurance 247,948.60 344,990.05 



Net cash paid for losses $ 988,951.74 $ 197,496.85 



,1,186,448.59 

Paid stockholders (interest or dividends) 120, 000. 00 

Commissions or brokerage and allowances to agents 257, 301. 45 

Salaries and fees of officers and employees 236, 017. 74r 

Taxes 58,432.45 

Loss on sales or maturity — ledger assets 4, 486. 63 

All other expenditures 191,008.91 

Total disbursements during the year f> 2, 063, 695. 77 

Balance December 31, 1900 $ 3,422,591.16- 

9 



130 Document No. 10. [Session 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 562,710.91 

Loans on mortgages 280,187.64 

Loans on collaterals 181,100.00 

Book value of stocks and bonds 2,212,121.25 

Cash in company's office 14,472.07 

Cash in bank 176,032.43 

Bills receivable 1,500.00 

All other 14,435.46 



$ 3,442,565.76 

Deduct agents' credit balances $ 14,734.81 

All other 5,239.79 

19, 974. 60 



Total net or ledger assets $5 3.422,591. 16 

OTHER ASSETS. 

Rents and interest due and accrued 7, 703. 64 

Market value of real estate over book value 983. 09 

Market value of stocks and bonds over book value ^ 50, 703. 75 

Uncollected premiums 449, 868. 91 

Total admitted assets $ 3,931,850.55 

LIABILITIES. 

Losses adjusted and unpaid $ 32,093.30 

Losses in process of adjustment 267,363.41 

Losses resisted 5,825.00 



Net amount of unpaid losses, less re-insurance $ 176, 694. 22 

Total unearned premiums 1, 413, 288. 18 

Total liabilities $ 1, 589, 982. 40 

Cash capital 1,000,000.00 

Net surplus 1,341,868.15 

Total liabilities, including cash capital and net surplaa $ 3, 931, 850. 55 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year 5 225,949,659.00 $ 2,692,293.65 

Written during year 192,755,941.00 2,316,597.26 



Total $ 41S, 705,600.00 $ 5,008,890.91 

Deduct those expired and marked off as terminated 167,293,911.00 1,982,621.48 

In force at end of year $ 251,411,689.00 $ 3,026,269.43 

Deduct amount re-insured . 34,161,293.00 409,297.15 

Net amount in force at end of year $ 217, '250, 396. 00 $ 2,016,972.28 

Largest amount in any one hazard $ 125,000.00 



1903.] 



Document No. 10. 



131 



Marine and 

Inland. Premiums. 

In force at beginning of year $ 12,493,114.00 $ 308,107.38 

Written during year 101,564,872.00 862,050.30 

Total $ 114,057,986.00 $ 1,170,157.68 

Deduct those expired and marked oft as terminated 103,524,793.00 831,061.85 

In force at end of year $ 10,533,193.00 $ 339,095.83 

Deduct amount re-insured 6,002,708.00 177,915.41 

Net amount in force at end of year $ 4,530,425.00 $ 161,1S0.42 



Year 
Written. 

In 1900 1 

In 1899 2 

In 1900 2 

In 189S 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1896 5 

In 1897 5 

In 1898 5 

In 1899 5 

In 1900 5 

Totals 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Fraction 
Term. Unearned. 

year or less One-half $ 90,856,043 

years One-fourth 

years Three-fourths 

years One-sixth 

ye'ars One- half 

years Five-sixths 

years ..One-eighth 

years Three-eighths . 

years Five-eighths 

years Seven-eighths 

years One- tenth 

years Three- tenths 

years One- half 

years Seven- tenths 

years Nine-tenths 



Amount 


Premiums 


Premiums 


Covered. 


Charged. 


Unearned. 


90,S56,043.00 $ 


1,153,362.88 $ 576,681.44 


2,327,848.00 


19,354.92 


4,838.73 


2,174,815.00 


24,635.14 


18,476.35 


30,902,998.00 


367,255.93 


01,209.32 


26,020,837.00 


299,858.49 


149,929.24 


29,212,029.00 


338,282.97 


281,902.47 


502,319.00 


5,349.42 


668.68 


970,786.00 


9,424.65 


3,534.24 


529,432.00 


5,465.75 


3,416.08 


966,281.00 


9,690.80 


8,479.45 


5.498.706.00 


02,319.30 


6,231.93 


5,693,355.00 


05,506.38 


19,051.91 


0,443,848.00 


73,660.95 


36,830.47 


6,539,616.00 


70,796.67 


53,757.66 


8,611,823.00 


106,008.03 


95,407.27 



217,250,396.00 $ 2,010,972.28 $ 1,321,015.24 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year 

Net premiums received during 

year $ 1,920,675.68 

Increase in gross uncollected 

premiums $ 43,943.37 

Increase in re-insurance fund __ 96,464.99 52,521.62 

Total net premiums earned $ 1,868,154.06 

Interest, etc. , received $ 167,097.82 

Increase in accrued interest, etc., 49,474.82 

Total interest earned 210,572.04 

Total premiums and interest 

earned $ 2,084,726.70 

Net losses paid during year $ 1,186,448.59 

Increase in Det unpaid looses 5,009.05 

Total net losses incurred $ 1,191,457.64 

Expenses paid 9 741,858.05 

Increase in unpaid expenses 2,263.50 

Total expenses incurred 744,121.55 

Total losses and expenses in- 
curred 1,935,579.19 

Net gain for year $ 149,147.51 

Dividends to stockholders 120,000.00 



.8 1,312,720.64 



132 



Document No. 10. 



[Session 



Total dividends incurred for 

year' $ 120,000.00 

Increase in surplus for year 29,147.51 

Surplus at end of year $ 1,341,868.15 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Marine and 
Fire Risks. Inland. 

Gross risks written $ 857,582.00 $ 512,000.00 

Gross premiums received 15,889.01 2,236.00 

Losses paid 12,090.77 

Losses incurred 14,255.07 



GEORGIA HOME INSURANCE COMPANY OF GEORGIA. 

Located at Columbus, Ga. Incorporated 1859. Commenced Business 1859. 

Rhodes Browne, President. Wm. C. Coart, Secretary. 



Cash capital, $300,000. 
Amount of net or ledger assets December 31, 1899--- 



INCOME. 



Gross cash received for premiums $ 

Deduct re-insurance, rebate, abatement and return 
premiums 



Fire. 

356,130.75 $ 

118,793.38 _ 



Marine and 
Inland. 



Net cash received for premiums $ 



237, 



37 



Eents 

Interest received on mortgages 

Interest and dividends on stocks and bonds 
Profit on sale or maturity of ledger assets-- 
Froru all other sources 



864, 580. 31 



237, 337. 37 

5, 278. 68 

12, 057. 48 

25, 204. 42 

47, 762. 14 

7, 063. 56 



Total income $ 334,703.65 

Aggregate last balance and income $ 1, 199, 283. 96 



DISBURSEMENTS. 



Gross cash paid for losses 

Deduct salvage and re-insurance 



Fire. 

173,593.81 $ 
40,034.59 _ 



Marine and 
Inland. 



Net cash paid for Josses $ 133,559.22 $. 



133, 559. 22 



1903.] Document No. 10. 133 

Paid stockholders (interest or dividends) $ 36, 000. 00 

Commissions or brokerage and allowances to agents-. 62, 089. 26 

Salaries and fees of officers and employees 17, 009. 39 

Taxes 13, 818. 87 

Loss on sales or maturity — ledger assets 2, 114.43 

All other expenditures 37, 518. 15 

Total disbursements during the year $ 302, 109. 32 

Balance December 31, 1900 $ 897, 174. 64 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 174,275.00 

Loans on mortgages 90,843.28 

Loans on collaterals 36,166.43 

Book value of stocks and bonds 551,543.41 

Cash in bank 79,305.42 

Bills receivable 4,680.93 

All other 6,646.32 



Deduct borrowed money $ 46,286.15 



LIABILITIES. 

Losses adjusted and unpaid S 6,984.34 

Losses in process of adjustment 8,555.95 

Losses resisted 9,967.68 



943, 460. 79 
46, 286. 15 



Total net or ledger assets $ 897, 174. 64 

OTHER ASSETS. 

Market value of stocks and bonds over book value 15, 374. 00 

Uncollected premiums 50, 196. 02 

Gross assets $ 962, 744. 66 

Non-admitted assets — 

Agents' debit balances unsecured S 3,587.33 

Loans on personal security 18,717.19 

Depreciation in book value real estate, etc 9,450.00 

Total deductions 31,754.52 



Total admitted assets $ 930, 990. 14 



Net amount of unpaid losses, less re-insurance $ 19, 993. 72 

Total unearned premiums 227, 383. 70 

Unpaid dividends due stockholders 3, 678. 50 

Total liabilities $ 251,055.92 

Cash capital 300,000.00 

Net surplus » 379,934.22 

Total liabilities, including cash capital and net surplus $ 930, 990. 14 



134 



Document No. 10. 



[Session 



MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 2(5,571,824.00 $ 464,384.98 

"Written during year 19,(113,104.00 356,130.G5 

Total $ 46,184,988.00 $ 820,515.63 

Deduct those expired and marked off as terminated 19,751,423.00 346,985.08 

In force at end of year $ 2(5,433,565.00 $ 473,530.55 

Deduct amount re-insured 4,170,746.00 69,599.94 

Net amount in force at end of year $ 22,262,819.00 $ 403,930.61 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Year 
Written 



Fraction 
Unearned. 



Amount 
Covered. 



Term. 
In 1900 1 year or less One-half $ 11,396,565.00 $ 



In 1S9S 3 years One-sixth 

In 1899 3 years One-half 

In 1900 3 years Five-sixths __ 

In 1896 5 years One-tenth _.. 

In 1897 5 years Three-tenths. 

In 1898 5 years One-half 

In 1899 5 years Seven-tenths. 

In 1900 5 years Nine-tenths _. 

Reserve for contingencies 



2,685,225.00 
2,865,738.00 
2,679,962.00 
679,520.00 
418,498.00 
543,828.00 
531,207.00 
662,276.00 



Totals S 22,262,819.00 



Premiums 
Charged. 

171,785.04 

46,974.33 

52,280.30 
52,642.39 
19,200.86 
15,417.61 
15,759.98 
13,275.17 
16,594.93 



403,930.61 



Premiums 
Unearned. 

85,892.52 

7,829.05 

26,140.15 

43,8(58.65 

1,920.08 

4,(525.28 

7,879.99 

9,292.57 

14,935.41 

25,000.00 

227,383.70 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 

Net premiums received during 



year 

Increase in re-insurance fund 

Total net premiums earned 

Interest, etc., received S 

Increase in accrued interest, etc., 

Total interest earned 



Total premiums and interest 
earned 

Net losses paid during year $ 

Decrease in net unpaid losses 

Total net losses incurred 

Expenses paid 8 

Total expenses incurred 

Total losses and expenses in- 
curred 



Net gain for year 

Dividends to stockholders- 



Total dividends incurred 
year 

Increase in surplus for year. 

Surplus at end oi year__ 



for 



42,540.58 
39,145.04 



140,403.40 
37,561.35 



102,073.96 



237,337.37 
20,267.43 



217,069.94 



79,685.62 



102,842.05 

102,073.96 



296,755.56 



204,916.01 



91,839.55 
36,000.00 



36,000.00 
55,839.55 



324,094.67 



379,934.22 



1903.] Document No. 10. 135 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written » 1,164,132.00 

Gross premiums received 14,784,30 

Re-insurance premiums 1,999.30 

Losses paid 5,587.62 

Losses incurred 4,587.41 



GERMAN ALLIANCE INSURANCE COMPANY OF 

NEW YORK. 

Located at New York, N. Y. Incorporated 1897. Commenced Business 1897 
Adolph A. Strohn, President. Charles G. Smith, Secretary. 



Cash capital, $400, 000. 

Amount of net or ledger assets December 31, 1899 $ 850, 146. 43 

INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums 8 330,498.75 $_ 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 60,374.78 



Net cash received for premiums $ 276,123.97 S- 



276, 123. 97 
Interest and dividends on stocks and bonds 36, 800. 58 

Total income - $ 312,924.55 

Aggregate last balance and income $ 1, 163, 070. 98 

DISBURSEMENTS. 

Marine and 

Fire. Inland. 

Gross cash paid for losses $ 202,082.67 $ 

Deduct salvage and re-insurance 2,028.37 



Net cash paid for losses $ 200,054.30 $. 



200, 054. 30 

Commissions or brokerage and allowances to agents 61, 276. 95 

Salaries and fees of officers and employees 1,800.00 

Taxes 19,920.89 

All other expenditures 42. 15 

Total disbursements during the year $ 283,094.29 

Balance December 31, 1900 $ 879,976.69 



136 



Document No. 10. 



[Session 



ASSETS. 

AS PER LEDGER ACCOUNTS. 



Book value of stocks and bonds. 
Cash in bank 



853,333.75 

26,642.94 



Total net ox - ledger assets $ 

OTHER ASSETS. 

Market value of stocks and bonds over book value 

Uncollected premiums 

Total admitted assets $ 

LIABILITIES. 

Losses adjusted and unpaid $ 25,135.33 

Losses in process of adjustment 19,642.00 



Net amount of unpaid losses $> 

Total unearned premiums 

Salaries, rents, etc., due and accrued 

Total liabilities J? 

Cash capital 

Net surplus-- 

Total liabilities, including cash capital and net surplus $ 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. 

In force at beginning of year § 45,067,175.00 

Written during year 41,897,984.00 



Total 

Deduct those expired and marked off as terminated. 



86,965,159.00 
35,071,438.00 



In force at end of year $ 51,893,721.00 



Net amount in force at end of year # $ 51,893,721.00 

Largest amount in any one hazard $ 25,000.00 



879, 976. 69 

57, 946. 25 
50, 418. 12 

988,341.06 



44, 777. 33 

202, 620. 29 

159. 15 

247, 556. 77 
400, 000. 00 
340, 784. 29 

988,341.06 



Premiums. 

339,958.32 

348,478.69 

688,437.01 
293,640.92 

394,796.09 

394,796.09 



Year 
Written. 

In 1900 1 

In 1899 2 

In 1900 2 

In 1898 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1897 5 

In 1898 5 

In 1899 5 

In 1900 5 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Fraction Amount Premiums 

Term. Unearned. Covered. Charged. 

year or less One-half 3 24, 176, 571. on $ 226,266.51 

years One-fourth 1,393,111.00 6,132.25 

years Three-fourths _. 798,635.00 4, 707. 03 

years One-sixth 7,210,383.00 37,022.44 

years One-half 6,434,069.00 33,185.67 

years Five-sixths 6,051,479.00 36,372.43 

years One-eighth 116,998.00 1,039.16 

years Three-eighths _. 241, 334. no 1,679.45 

years Five-eighths 488,148.00 2,514.52 

years Seven-eighths.. 283,041.00 2,331.60 

years Three-tenths 620,008.00 6,552.16 

years (Hie-half 2,063,012.00 12,835.10 

years Seven-tenths 1, OSS, 253. 00 12,432.32 

years Nine-tenths 928,679.00 10,825.45 



Totals $ 51,893,721.00 $ 



394.796.09 $ 



Premiums 
Unearned. 

113,133.25 

1,533.06 

3,530.27 

6,320.40 

10,592.84 

30,310.36 

129.89 

629.79 

1,571.57 

2,040.15 

1,965.64 

6.417.55 

8,702.62 

9,742.90 

202,620.29 



1903.] Document No. 10. 137 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year S 282,028.77 

Net premiums received during 

year 8 270,123.97 

Increase in gross uncollected 

premiums S 11,991. 69 

Increase in re-insurance fund 15,644.29 3,652.60 

Total net premiums earned S 272,471.37 

Interest, etc., received s 30,800.58 

Increase in accrued interest, etc., 25,144.48 

Total interest earned 61,945.06 

Total premiums and intere>t 

earned - 334,410.43 * 

Net losses paid during year g 200,054.30 

Decrease in net unpaid losses 11,159.75 

Total net losses incurred $ 188,894.55 

Expenses paid S 83,039.99 

Increase in unpaid expenses 4,320.37 

Total expenses incurred 87,300.30 

Total losses and expenses in- 

curred 270,200.91 

Net gain for year 8 58,155.52 

Increase in surplus for year 58,155.52 

Surplus at end of year $ 340,784.29 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written g 228,161.00 

Gross premiums received 3,858.29 

Losses paid 1,002.93 

Losses incurred 1,002.93 

Number of agents working in State during year, 19. 



GERMAN AMERICAN INSURANCE COMPANY 
OF NEW YORK. 

Located at New York, N. Y. Incorporated 1872. Commenced Business 1872. 
William N. Kremer, President. Charles G. Smith, Secretary. 



Cash capital, $1, 000, 000. 

Amount of net or ledger assets December 31, 1899 $ 7,263,937.59 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums S 4,037,G7S.4S S 

Deduct re-insurance, rebate, abatement and return 

premiums 1,042,490.40 



Net cash received for premiums 8 2,995.1.; 

2, 995, 188. 08 



138 Document No. 10. [Session 

Interest received on mortgages $ 2, 234. 45 

Interest and dividends on stocks and bonds 308, 443. 87 

Interest and dividends from all other sources 2,169.29 

Profit on sale or maturity of ledger assets 38, 386. 49 

Total income § 3,346,422.18 

Aggregate last balance and income $ 10, 610, 359. 77 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 2,494,(365.51 $ 

Deduct salvage and re-insurance 782,208.68 



Net cash paid for losses $ 1,712,456.83 



1, 712, 456. 83 

Paid stockholders (interest or dividends) 300, 000. 00 

Commissions or brokerage and allowances to agents 482, 068. 07 

Salaries and fees of officers and employees 209, 502. 70 

Taxes 98,730.82 

All other expenditures 326, 777. 77 

Total disbursements during the year $ 3, 129,536. 19 

Balance December 31, 1900 $ 7,480,823.58 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of stocks and bonds $ 15,000.00 

Loans on mortgages 13,000.00 

Book value of stocks and bonds 7,092,419.23 

Cash in company's office 9,599.34 

Cash in bank 350,805.01 



Total net or ledger assets $ 7, 480, 823. 58 

OTHER ASSETS. 

Rents and interest due and accrued 173. 00 

Market value of stocks and bonds over book value 609, 040. 77 

Uncollected premiums 470, 952. 37 

Total admitted assets $ 8,560,996.72 

LIABILITIES. 

Losses adjusted and unpaid 3 169,939.00 

Losses in process of adjustment 241,677.00 

Losses resisted 41 , 863.00 



Net amountof unpaid losses, less re-insurance $ 371, 883. 00 

Total unearned premiums 2, 742, 697. 52 

Salaries, rents, etc., due and accrued 17,173.66 

Return and re-insurance premiums 161, 530. 84 

Total liabilities $ 3,293,285.02 

Cash capital r 1,000,000.00 

Net surplus 4,267, 711. 70 

Total liabilities, including cash capital and net surplus $ 8, 560, 996. 72 



1903.] 



Document No. 10. 



139 



MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 720,917,823.00 $ 5,841,188.49 

Written during year 529,306,767.00 4,731,936.23 

Total SI, 250, 224, 590. 00 $ 10,573,124.72 

Deduct those expired and marked off as terminated 456, 724, 930. on 4,050,183.76 

In force at end of year S 793,499,660.00 8 6,522,940.96 

Deduct amount re-insured 142,112,740.00 1,050,483.90 

Net amount in force at end of year $ 051,386,914.00 $ 5,472,457.06 

Largest amount in any one hazard $ 325,000.00 



Year 

Written. 

In 1900 1 

In 1899 2 

In 1900 2 

In 1S98 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1896 5 

In 1897 5 

In 1898 5 

In 1899 5 

In 1900 5 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Fraction Amount Premiums 

Term. Unearned. Covered. Charged. 

year or less One-half S 205,S39,255.00 $ 2,177,353.11 

years One-fourth 2,953,306.00 28,459.81 

years Three-fourths __ 2,648,846.00 21,947.98 

years One-sixth 122,510,278.00 780,947.87 

years One-half 104,625,354.00 715,648.81 

years Five-sixths 105,600,577.00 777,622.48 

years One-eighth 18,294,998.00 16,016.40 

years Three-eighths.. 3,300,162.00 16,524.37 

years Five-eighths 2,300,191.00 13,128.85 

years Seven-eighths ._ 2,083,312.00 12,386.51 

years One-tenth 15,207,112.00 157,368.53 

years Three-tenths — _ 2,425,317.00 181,514.79 

years One-half 28,218,626.00 205,141.25 

years Seven-tenths ... 18,153,704.00 185,485.67 

years Nine-tenths 17,159,870.00 182,883.63 



Premiums 
Unearned. 

1,088,676.55 

7,114.95 

10,460.94 

130,102.48 

357,824.40 

i'4s, 018. 74 

2,002.05 

6,196.63 

8,205.50 

10,838.19 

15,736.85 

54,454.43 

102,570.62 

129,839.91 

164,595.28 



Totals _„ $ 651,386,914.00 $ 5,472,457.00 $ 2,742,697.52 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year- 
Net premiums received during 
year 

Decrease in gross uncollected 
premiums 8 

Increase in re-insurance fund.. 



.$ 3,946,576.79 



11,877.95 
2,221.58 



Total net premiums earned 

Interest, etc., received S 312,847.61 

Increase in accrued interest, etc., 210,440.32 



Total interest earned. 



Total losses and expenses in- 
curred 



S 2,995,1S8.08 



14,099.53 
2,981,088.55 



523,287.93 



Total premiums and interest 
earned 

Net losses paid during year $ 1,712, 456. S3 

Increase in net unpaid losses 32,804.60 

Total net losses incurred 

Expenses paid $ 1,117,079.36 

Increase in unpaid expenses 20,840.78 

Total expenses incurred 



1,745,321.43 



1,137,920.14 



$ 3,504,376.48 



2,883,241.57 



140 Document No. 10. [Session 

Net gain for year $ G21,134.91 

Dividends to stockholders 300,000.00 

Total dividends incurred for 

year § 300,000.00 

Increase in surplus for year 321,134.91 

Surplus at end of year $ 4,267,711.70 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 2,816,91S.OO 

Gross premiums received 16 863.51 

Re-insurance premiums 29,460.39 

Losses paid 25,528.65 

Losses incurred 23,427.65 

Number of agents working in State during year, 66. 



GLOBE AND RUTGERS FIRE INSURANCE COMPANY 

OF NEW YORK. 

Located at New York, N. Y. Incorporated 1899. Commenced Business 1899. 



E. C. Jameson, President. 



Lyman Candee, Secretary. 



Cash capital, S400, 000. 

Amount of net or ledger assets December 31, 1899 $ 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums S 382,165.70 $ 

Deduct re-insurance, rebate, abatement and return 

premiums 76,175.59 



Net cash received for premiums $ 305,990.11 S_ 



Rents 

Interest received on mortgages 

Interest and dividends on stocks and bonds- 
Profit on sale or maturity of ledger assets --- 
From all other sources 



367, 760. 51 



305, 990. 11 

3, 125. 00 

2, 937. 50 

10, 408. 39 

1, 471. 50 

374. 00 



Total income $ 324,306.50 

Aggregate last balance and income $ 692, 067. 01 



1903.] Document No. 10. 141 

DISBURSEMENTS. 

Making and 
Fire. Inland. 

Gross cash paid for losses $ 240,644.17 ? 21,490.74 

Deduct salvage and re-insurance 72,051.71 959.81 



Net cash paid for losses $ lfi8,592.46 20,530.93 



$ 189, 123. 39 

Commissions or brokerage and allowances to agents 45, 286. 09 

Salaries and fees of officers and employees 13, 859. 50 

Taxes 5,003.94 

All other expenditures 15, 068. 87 

Total disbursements during the year $ 268, 341. 79 

Balance December 31, 1900 S 423, 725. 22 

ASSETS. 

AS PER LEDGER ACCOUNTS. 



Book value of real estate owned J$ 64,500.00 

Loans on mortgages 58,700.00 

Book value of stocks and bonds 265,214.24 

Cash in company's office 2,959.31 

Cash in bank 65,310.98 

Bills receivable 5,000.00 

$ 458, 725. 22 
Deduct borrowed money § 35,000.00 

35, 000. 00 



Total net or ledger assets $ 423,725.22 

OTHER ASSETS. 

Bents and interest due and accrued 4,832.55 

Market value of real estate over book value 1, 000. 00 

Market value of stocks and bonds over book value 102, 285. 51 

Uncollected premiums 93, 301. 83 

Total admitted assets $ 625, 145. 11 

LIABILITIES. 

Losses adjusted and unpaid $ 1,611.72 

Losses in process of adjustment 39,266.71 

Losses resisted 850.00 



Net amount of unpaid losses, less re-insurance $ 41,230.07 

Total unearned premiums 160,807.70 

Total liabilities '. $ 202, 037. 77 

Cash capital 400,000.00 

Net surplus 23,107.34 

Total liabilities, including cash capital and net surplus $ 625, 145. 11 



142 



Document No. 10. 



[Session 



MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 42,681,900.00 $ 400,875.02 

Written during year 29,550,000.00 412,704.75 



Total - — S 72,231,900.00 $ 819,579.77 

Deduct those expired and marked off as terminated 48,235,003.00 503,452.78 



In force at end of year. 
Deduct amount re-insured. 



23,996,897.00 8 

77,382.00 



316,120.99 
438.52 



Net amount in force at end of year $ 23,919,515.00 $ 



315,688.47 



Year 

Written. 

In 1900... 
In 1899— 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Fraction 
Term. Unearned. 

.1 year or less One-half $ 22,788,918.00 

.2 years One fourth 



In 1900 2 years Three-fourths. 

In 1898 3 years One-sixth 

In 1899 3 years One-half 

In 1900 3 years Five-sixths ... 

In 1900 5 years Nine-tenths ... 



Amount 


Premiums 


Premiums 


Covered. 


Charged. 


Unearned. 


12,788,918.00 $ 303,916.82 $ 151,958.41 


148,287.00 


2,247.51 


1,685.63 


51,390.00 


520.99 


86.83 


120,780.00 


1,467.48 


733.74 


803,000.00 


6,585.17 


5,4S7.64 


17,140.00 


950.50 


855.45 



Totals $ 23,919,515.00 



315,688.47 $ 



160,807.70 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year S 

Net premiums received during 



3,038.94 



year 

Increase in gross uncollected 

premiums $ 30,539.05 

Increase in re-insurance fund 133.975. 16 

Total net premiums earned 

Interest, etc., received 14,331.25 

Increase in accrued interest, etc. 33,686.48 



305,990.11 



103,436.11 



Total interest earned. 



202,554.00 



48,017.73 



Total premiums and interest 
earned 

Net losses paid during year § 189,123.39 

Decrease in net unpaid losses 34,793.41 

Total net losses incurred 

Expenses paid „ $ 77. 078.76 

Decrease in unpaid expenses 905.41 



250,571.73 



Total expenses incurred. 



154,329.98 



76,173.35 



Total losses and expenses in- 
curred 

Net gain for year 

Increase in surplus for year 

Surplus at end of year 



230,503.33 



20,068.40 

20,068.40 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



23,107.34 



Gross risks written 

Gross premiums received . 
Losses paid 

Losses incurred 



Fire Risks. 

.$ 625,000.00 

11,499.59 

4,738.05 

5,638.05 



Number of agents working in State during year, 27. 



1903.] Document No. 10. 143 

THE GREENWICH INSURANCE COMPANY OF 

NEW YORK. 

Located at New York, N. Y. Incorporated 1834. Commenced Business 1835. 
Mason A. Stone, President. Walter B. Ward, Secretary. 



Cash capital, S2Q0, 000. 

Amount of net or ledger assets December 31, 1899 8 990, 703. 40 

INCOME. 

Marine and 

Fire. Inland. 

Gross cash received for premiums $ 1,684,444.33 S 205,188.49 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 307,035.96 26,994.47 

Net cash received for premiums S 1,286,808.37 S 178,194.02 



1,465,002.39 

Rents 16,125.00 

Interest and dividends on stocks and bonds 45, 422. 47 

Interest and dividends from all other sources 7. 24 

Profit on sale or maturity of ledger assets 3,739.63 

From all other sources 869. 58 



Total income I 1,531,166.31 

Aggregate last balance and income § 2, 521, 869. 71 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ S7(i,629.r,2 8 105,221.13 

Deduct salvage and re-insurance 137,379.87 15,2ij9.9i> 

Net cash paid for losses $ 739,249.75 3 89,951.23 



829, 200. 98 

Paid stockholders (interest or dividends) 20,000.00 

Commissions or brokerage and allowances to agents 287, 248. 20 

Salaries and fees of officers and employees 133, 764. 17 

Taxes 38,726.42 

Loss on sales or maturity — ledger assets 11, 715. 84 

All other expenditures 202,256.22 

Total disbursements during the year $ 1,522,911.83 

Balance December 31, 1900 $ 998,957.88 



144 Document No. 10. [Session 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 127,500.00 

Book value of stocks aud bonds 946,063.42 

Cash in company's office 15,616.95 

Cash in bank 12,945.28 

Bills receivable 13,991.07 

.All other 1,754.90 

$ 1,117,871.62 

Deduct borrowed money $ 117,000.00 

All other 1,91:5.71 

118, 913. 74 
Total net or ledger assets $ 998,957.88 

OTHER ASSETS. 

Market value of real estate over book value 172,500.00 

Market value of stocks and bonds over book value 308, 386. 58 

Uncollected premiums 241, 820. 66 

Grosd assets $ 1,721,665.12 

Non-admitted assets — 

Depreciation in book value real estate, etc $ 5,000.00 

Total deductions 5, 000. 00 

Total admitted assets $ 1, 716, 665. 12 

LIABILITIES. 

Losses adjusted and unpaid 8 9,666.29 

Losses in process of adjustment 167,138.78 

Losses resisted 7,775.00 

Net amount of unpaid losses, less re-insurance $ 166, 965. 20 

Total unearned premiums — 1,123,126.19 

Amount reclaimable on perpetual fire risks 931. 50 

Salaries, rents, etc., due and accrued 5,000.00 

Keturn and re-insurance premiums 20, 124. 75 

Total liabilities $ 1,316,147.64 

Cash capital 200,000.00 

Net surplus 200,517.48 

Total liabilities, including cash capital and net surplus $ 1, 716, 665. 12 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 263,037,812.00 $ 1,684,496.57 

Written during year 211,775,301.00 1,785,380.36 

Total $ 474,813,113.00 $ 3,469,876.93 

Deduct those expired and marked off as terminated 164,428,586.00 1,223,500.79 

In force at end of year $ 310,384,527.00 $ 2,246,376.14 

Deduct amount re-insured 29,559,597.00 . 242,701.91 

Net amount in force at end of year 8 280,824,930.00 $ 2,003,674.23 



1903.] 



Document No. 10. 



145 



Marine and 
Inland. 

In force at beginning of year $ 2,090,204.00 

Written during year 53,118,216.00 

Total $ 35,208,420.00 

Deduct those expired and marked off as terminated 52,510,241.00 

In force at end of year S 2,698,179.00 

Deduct amount re-insured 27,167.00 

Net amount in force at end of year ? 2,671,012.00 



Premiums. 

69,405.29 
206,636.98 

276,042.27 

173,868.22 

102,174.05 
1,368.36 

100,805.69 



Year Fraction 

Written. Term. Unearned. 

In 1900—1 year or less .One-half 8 

In 1890—2 years One-fourth 

In 1900—2 years Three-fourths 

In 1S9S— -3 years One-sixth 

In 1899—3 years One-half 

In 1900—3 years Five-sixths 

In 1897—4 years One-eighth 

In 1S98 4 years Three-eighths 

In 1899 4 years Five-eighths 

In 1900 4 years Seven-eighths 

In 1896 5 years One-tenth 

In 1S97 5 years Three-tenths 

In 1898—5 years One-half 

In 1S99 5 years Seven-tenths 

In 1900 5 years Nine-tenths 

In 1899—0 years Nine-twelfths 

In 1900— 6 years Eleven-twelfths 

In 1900 8 years Fifteen-sixteenths 

In 1900 9 years Seventeen-eighteenths, 

In 1899—10 years Seventeen-twentieths— 

In 1900—10 years Nineteen-twentieths 

Perpetual 95 per cent 



S RISKS AND 


PREMIUMS. 




Amount 


Premiums 


Premiums 


Covered. 


Charged. 


Unearned. 


88,050,369.00 


8 871,405.13 $ 


435,702.57 


1,107,584.00 


2,492.00 


023.10 


1,460, 801. 00 


8,980.95 


6,735.71 


51,629,354.00 


252,374.00 


42,062.44 


49,308,309.00 


254,289.19 


127,144.59 


60,705,529.00 


362,207.89 


301,889.90 


179,52' i. no 


1,050.26 


131.27 


495,767.00 


2,o76.40 


778.65 


367,520.00 


2,000.50 


1,250.30 


632, 3so.no 


6,111.82 


5,347.84 


2,761,773.00 


23,069.24 


2,366.92 


2,719,170.00 


25,013.90 


7,504.18 


6,453,878.00 


51,562.48 


25,781.24 


5,901,238.00 


50,021.75 


35,015.23 


8,981,974.00 


89,198.63 


80,278.77 


2,050.00 


24.00 


18.00 


2,799.00 


26.56 


24.34 


666.00 


5.32 


4.99 


500.00 


750.00 


7.08 


400.00 


12.00 


10.20 


7,349.00 


48.39 


45.97 


50,000.00 


1,035.00 


931.50 



Totals S 280,824,930.00 8 2,003,674.23 8 1,073,654.85 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year- 
Net premiums received during 
year 

Increase in gross uncollected 

premiums $ 

Increase in re-insurance fund- 



Total net premiums earned 

Interest, etc., received 3 

Increase in accrued interest, etc., 

Total interest earned 



67,154.55 

312,101.55 



57,301.66 
112,640.15 



8 1,465,002,39 



244,947.00 
1,220,055.39 



169,941.81 



Total premiums and interest 
earned 

Net losses paid during year $ 829,200.98 

Increase in net unpaid losses.— 12,894.44 

Total net losses incurred 

Expenses paid 5 663, 622. S5 

Increase in unpaid expenses 10,000.00 



I 842,095.42 



_8 346,238.55 



8 1,389,997.20 



10 



146 



Document No. 10. 



[Session 



Total expenses incurred $ 673, 622. S5 

Total losses and expenses in- 
curred $ 1,515,718.27 

Net loss for year .. $ 125,721.07 

Dividends to stockholders 20,000.00 

Total dividends incurred for year. $ 20,000.00 

Decrease in surplus for year 145,721.07 

Surplus at end of year $ 200,517.48 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 1,194,827.00 

Gross premiums received 17,662.10 

Re-insuranee premiums . 2,270.54 

Losses paid 7,775.95 

Losses incurred 7,041.71 

Number of agents working in State during year, 38. 



HAMBURG-BREMEN FIRE INSURANCE COMPANY 

OF GERMANY. 

Located in U. S. at New York, N. Y. 



Incorporated 1854. 

F. L. Loesener, President. 



Commenced Business 1855. 
F. Affeld, U. S. Manager. 



Cash capital, $525,000. ' 

Amount of net or ledger assets December 31, 1899 $ 1, 350, 006. 40 

INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums $ 1,622,790.74 S- 

Deduct re-insurance, rebate, abatement and return 

premiums 308, 7S1 . 22 _. 



Net cash received for premiums $ 1,314,009.52 $. 



Interest and dividends on stocks and bonds -- 
Interest and dividends from all other sources- 
Profit on sale or maturity of ledger assets 

From all other sources 



1, 314, 009. 52 
51,158.52 

2, 762. 37 

3, 226. 17 
751.43 



Total income $ 1,370,908.01 

Aggregate last balance and income $ 2, 720, 914. 41 



1903.] Document No. 10. 147 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses § 857,500.68 S 

Deduct salvage and re-insurance 63,302.06 



Net cash paid for losses $ 794,198.62 



$ 794, 198. 62 

Paid stockholders (interest or dividends) remitted to home office-- 71, 237. 26 

Commissions or brokerage and allowances to agents 319, 321. 79 

Salaries and fees of officers and employees 53, 372. 16 

Taxes _ 40,079.44 

All other expenditures 84, 703. 70 

Total disbursements during the year S 1,363,012.97 

Balance December 31, 1900 $ 1, 357, 901. 44 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Loans on collaterals g 65,000.00 

Book value of stocks and bonds... 1,194,970.97 

Cash in bank 93,724.64 

All other 4,205.83 



Total net or ledger assets § 1, 357, 901. 44 

OTHER ASSETS. 

Kents and interest due and accrued 15, 429. 16 

Market value of stocks and bonds over book value 88,956. 12 

Uncollected premiums 94, 845. 15 

Gross assets $ 1, 557, 131. 87 

Non-admitted assets — 

Agents' debit balances unsecured S 4,205.83 



Total deductions 4,205.83 

Total admitted assets S 1,552.926.04 



LIABILITIES. 

Losses adjusted and unpaid jj 12,445.00 

Losses in process of adjustment 33,955.00 

Losses resisted..' 10,. v 



Net amount of unpaid losses * 62, 950. 00 

Total unearned premiums 990,395.15 

Total liabilities - $ 1,053,345.15 

Net surplus 499,580.89 

Total liabilities, including cash capital and net surplus $ 1, 552, 926. 04 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fiue Risi £s. Premiums. 

In force at beginning of year S 143,002,274.00 g 1,733,854.82 

Written during year ". 132,442,173.00 1.010,706.60 



Total S 275, 444. 147. no g 3,344,561.42 

Deduct those expired and marked off as terminated 112,419,882.00 l.:i.v.i,777.77 

In force at end of year g 163,024,565.00 - 1,984,783.65 

Deduct amount re-insured 6,844,302.00 77,9 

Net amount in force at end of year S 156,180,263.00 $ 1,906,856.76 



148 



Document No. 10. 



[Session 



Year 
Written. 

In 1900 1 

In 1899 2 

In 1900 2 

In 1898 3 

In 1S99 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1896 5 

In 1897 5 

In 1S98 5 

In 1899 5 

In 1900 5 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Fraction Amount Premiums Premiums 

Term. Unearned. Covered. Charged. Unearned. 

year or less _„One-half $ 72,564,865.00 $ 966,134.95 $ 483,067.48 

years One-fourth 856,362.00 7,837.10 1,959.28 

years Three-fourths 848,037.00 8,208.11 6,156.08 

years One-sixth 18,243,434.00 203,704.43 33,95u.74 

years One-half IS, 335, 159.00 200,418.86 100,209.43 

years Five-sixths 23,091,798.00 245,597.80 204,664.83 

years One-eighth 504, 4o7.no 4,344.12 543.02 

years Three-eighths 620,312.00 5,167.47 1,937.80 

years Five-eighths 686,449.00 0,176.58 3,860.36 

years Seven-eighths 551,127.00 5,146.79 4,503.44 

years One-tenth 2,328,711.00 32,239.16 3,223.92 

years Three-tenths 3,042,810.00 40, 975. S3 12,292.75 

years One-half 2,962,167.00 38,651.34 19,325.67 

years Seven-tenths 5,482;569.00 66,642.27 46,649.59 

years Nine-tenths 6,062,056.00 75,611.95 68,050.76 

990,395.15 



Totals S 156,180,263.00 $ 1,906,856.76 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year. 
Net premiums received during 

year 

Decrease in gross uncollected 

premiums § 

Increase in re-insurance fund __ 



Total interest earned. 



Total expenses incurred 

Total losses and expenses in- 
curred 



Net gain for year 

Remitted to home office during 
year 

Decrease in surplus for year 

Surplus at end of year 



12,084.14 
134,526.03 



Total net premiums earned 

Interest, etc., received $ 53,920.S9 

Increase in accrued interest, etc., 31,716.80 



$ 1,314,009.52 



146,610.17 
$ 1,167,399.35 



85,637.69 



Total premiums and interest 
earned 

Net losses paid during year $ 794,198.62 

Decrease in net unpaid losses 60,860.00 

Total net losses incurred 

Expenses paid . 8 497,149.18 

Decrease in unpaid expenses 3,401.40 



S 1,253,037.04 



733,338.62 



493,747.78 



1,227,086.40 

25,950.64 

71,237.26 
45,286.62 



544,867.51 



499,580.89 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Gross risks written 

Gross premiums received. 
Re-insurance premiums .. 

Losses paid 

Losses incurred 



Fire Risks. 

1,862,240.00 

36,416.61 

2,182.04 

15,235.70 

14,820.70 



1903.] Document Xo. 10. 149 

HANOVER FIRE INSURANCE COMPANY OF NEW YORK. 

Located at New York, X. Y. Incorporated 1852. Commenced Business 1852. 
Charles A. Shaw, President. Joseph McCord, Secretary. 



Cash capital, $1, 000,000. 

Amount of net or ledger assets December 31, 1899 $ 2, 494, 5S1. 92 

INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums $ 2,309,099.30 S- 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 588,502.04 __ 



Net cash received for premiums $ 1,720,597.26 S- 



1 , 720, 597. 26 
Rents 27,802.44 

Interest received on mortgages 175.00 

Interest and dividends on stocks and bonds 85, 904. 71 

Interest and dividends from all other sources 3, 254. 14 

Profit on sale or maturity of ledger assets 25, 189. 40 



Total income $ 1,862,923.05 



Aggregate last balance and income $ 4, 357, 504. 97 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses 8 1,311,853.59 S 

Deduct salvage and re-insurance 200,040.85 



Net cash paid for losses $ 1,111,812.74 $_ 



1, 111, 812. 74 

Paid stockholders (interest or dividends) 100, 000. 00 

Commissions or brokerage and allowances to agents 345, 859. 22 

Salaries and fees of officers and employees 147, 839. 23 

Taxes 68,207.33 

Loss on sales or maturity — ledger assets . 35.00 

All other expenditures 158, 180. 76 

Total disbursements during the year $ 1,931,934.28 

Balance December 31, 1900 $ 2, 425, 570. 69 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned § 420,368.75 

Loans on mortgages 3,500.00 

Book value of stocks and bonds l,8i;4,623.63 

Cash in company's office 53,97S.74 

Cash in bank 83,099.57 

Total net or ledger assets $ 2, 425, 570. 69 



150 



Document No. 10. 



[Session 



OTHER ASSETS. 

Rents and interestdue and accrued $ 17, 130. 41 

Market value of real estate over book value 29, 631. 25 

Market value of stocks and bonds over book value 386, 955. 12 

Due from other companies 8, 940. 83 

Uncollected premiums 240, 077. 40 



Total admitted assets $ 3, 108,305. 70 



LIABILITIES. 

Losses adjusted and unpaid $ 132,807.86 

Losses in process of adjustment 161,000.16 

Losses resisted 19,847.20 



Net amount of unpaid losses, less re-insurance 

Total unearned premiums 

Return and re-insurance premiums 

Total liabilities 

Cash capital 

Net surplus 

Total liabilities, including cash capital and net surplus $ 3, 108, 305. 70 

MISCELLANEOUS. 



242, 943. OS 

1, 328, 336. 32 

51, 362. 40 

1,622,642.40 

1, 000, 000. 00 

485, 663. 30 



RISKS AND PREMIUMS*. 

Fire Risks. 

In force at beginning of year 8 252,263,107.25 

Written during year 228,988,190.30 



Total 8 481,251,297.55 

Deduct those expired and marked off as terminated 192,083,905.73 



In force at end of year $ 289,167,391.82 

Deduct amount re-insured 37,666,210.68 



Premiums. 

$ 2,012,342.20 
2,340,880.63 

8 4,983,228.83 
2,042,350.00 

8 2,940,872.23 
360,911.85 



Net amount in force at end of year $ 251,501,175.14 $ 2,579,900.38 

Largest amount in any one hazard $ 10o,ooo.00 



RECAPITULATION OP FIRE RISKS AND PREMIUMS. 



Year 

Written. 



In 1900 1 

In 1899 2 

In 1900 J— 2 

In 1898 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1896 5 

In 1897 5 

In 1898 5 

In 1899 5 

In 1900 5 

Over 5 years.. 



Fraction Amount 

Term. Unearned. Covered. 

year or less One-half § 106,702,091.10 

years One-fourth 245,892.83 

years Three-fourths 160,039.83 

years One-sixth 32,038,907.97 

years One-half 38,514,778.54 

years Five-sixths 47,822,111.80 

years One-eighth 248,120.00 

years Three-eighths 300,950.00 

years Five-eighths 443,781.43 

years Seven-eighths 318,390.00 

years One tenth 4,449,223.33 

years Three-tenths 4,740,582.79 

years One-half 4,360,520.66 

years Seven-tenths 4,919,068.67 

years Nine-tenths 6,153,453.53 

Various 77,250.00 



Premiums 
Charged. 

1,227,925.02 

2,486.59 

1,235.41 

305,404.83 

328,974.51 

388,548.47 

2,232.86 

2,739.93 

3,901.07 

2,824.37 

56,094.07 

57,744.61 

55,575.69 

63,949.93 

79,053.97 

1,268.25 



Premiums 
Unearned. 

613,962.81 

621.65 

926.55 

50,900. SI 

164,487.25 

323,790.40 

279.10 

1,027.10 

2,438.54 

2,471.28 

5,009.46 

17,323.38 

27,787.84 

44,764.93 

71,148.51 

796.71 



Totals 8 251,501,175.14 S 2,579,960.38 8 1,32S,336.32 



1903.] Document No. 10. 151 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year 9 '.18,818.69 

Net premiums received during 

year $ 1,720,597.26 

Increase in gross uncollected 

premiums $ 2,952.11 

Increase in re-insurance fund.. 117,159.60 111,207.49 

Total net premiums earned $ 1,606,389.77 

Interest, etc., received S 100,909.08 

Increase in accrued interest, etc., 128,249.09 

Total interest earned 229,15S.17 

Total premiums and interest 

earned $ 1,835,547.94 

Net losses paid during year $ 1,111,812.74 

Increase in net unpaid losses — 47,735.06 

Total net losses incurred— t $ 1,159,547.80 

Expenses paid $ 702,S43.92 

Increase in unpaid expenses 6,311.61 

Total expenses incurred 709,155.53 

Total losses and expenses in- 
curred 1,868,703.33 

Net loss for year $ 33,155.39 

Dividends to stockholders 100,000.00 

Total dividends incurre~d for 

year $ 100,000.00 

Decrease in surplus for year 133,155.39 

Surplus at end of year $ 4S5,603.30 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fibe Risks. 

Gross risks written g; 1,481,214.00 

Gross premiums received 14,002.90 

Losses paid 3,072.81 

Losses incurred 1,269.92 

Number of agents working in State during year, 59. 



152 Document No. 10. [Session 

HARTFORD FIRE INSURANCE COMPANY 
OF CONNECTICUT. 

Located at Hartford, Conn. Incorporated 1810. Commenced Business 1S10. 
George L. Chase, President. P. C. Royce, Secretary. 



Cash capita], $1,250,000. 

Amount of net or ledger assets December 31, 1899 $ 9, 656, 132. S2 

INCOME. 

Marine and 
Fire. * Inland. 

Gross cash received for premiums $ 8, 442, 122. 51 $ 

Deduct re-insurance, rebate, abatement and return 

premiums 1,757,375.93 



Net cash received for premiums $ 0,084.740.58 $_ 



6, 6S4, 746. 58 

Rents 13, 181. 70 

Interest received on mortgages 61, 660. 04 

Interest received on collateral loans 551. 25 

Interest and divideuds on stocks and bonds 307, 256. 95 

Interest and dividends from all other sources 5, 037. 56 

From all other sources 500. 57 



Total income $ 7,072,934.65 

Aggregate last balance and income $ 16, 729, 067. 47 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 5,012,975.13 $ 

Deduct salvage and re-insurance 641,017.47 



Net cash paid for losses $ 4,371.957.00 $_ 



4,371,957.66 

Paid stockholders (interest or dividends) 400, 000. 00 

Commissions or brokerage and allowances to agents 1, 163, 657. 81 

Salaries and fees of officers and employees 511, 705. 04 

Taxes ' 197,520.96 

All other expenditures 641, 808. 64 

Total disbursements during the year $ 7, 286, 650. 11 

Balance December 31, 1900 $ 9, 442, 417. 36 



1903.] Document Xo. 10. 153 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 797,189.46 

Loans on mortgages 857,700.00 

Loans on collaterals 7,SO0.00 

Book value of stocks and bonds 6,219,941.11 

Cash in company's office.* 128,251.82 

Cash in bank 730, 818.30 

Agents' debit balances 676,541.52 

All other 24,175.15 



Total net or ledger assets $ 9,4-12,417.36 

OTHER ASSETS. 

Rents and interest due and accrued 26,415. 21 

Market value of real estate over book value 4,310.54 

Market value of stocks and bonds over book value 958, 713. 24 

Uncollected premiums 617, 700. 00 

Re-insurance due on losses paid 9, 573. 83 

Increase in printing plant 1, 244. 75 

Total admitted assets 8 11, 000, 374. 93 

LIABILITIES. 

Losses adjusted and unpaid S 232,622.44 

Losses in process of adjustment 367,659.82 

Losses resisted 54,866.14 



Xet amount of unpaid losses 8 655, 148. 40 

Total unearned premiums 5, 467, 046. 72 

Return and re-insurance premiums ' 140, 000. 00 

Total liabilities 8 6, 2<>2, 195. 12 

Cash capital 1,250,000.00 

Net surplus 3,548, 179.81 

Total liabilities, including cash capital and net surplus 8 11,060,374.93 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year S 929, 785, 474. on s lo, 473, 015. 71 

Written during year 705,252,502.00 8,442,122.51 



Total $1,635,037,976.00 $ 18,915,138,22 

Deduct those expired and marked off as terminated 665,432,202.00 7,898,152.35 

In force at end of year $ 969,605,774.00 $ 11,016,985.87 

Deduct amount re-insured-_ 7,030,705.00 76,663.66 

Net amount in force at end of year 5 962,575,069.00 S 10,940,322.21 

Largest amount in any one hazard S 125,000.00 



154 



Document No. 10. 



[Session 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Year. 
Written. 

In 1900 1 

In 1899 2 

In 1900 2 

In 1898 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1S99 4 

In 1900 4 

In 1896 5 

In 1897 5 

In 1898 5 

In 1899 5 

In 1900 5 



Fraction 
Term. Unearned. 

year or less— One-half 

years One- fourth 

years Three-fourth s__ 

years One-sixth 

years One-half 

years Five- sixths 

years One-eighth 

years Three-eighths.. 

years Five-eighths ___ 

years Seven-eighths._ 

years One- tenth 

years Three-tenths... 

years One-half 

years Seven-tenths __ 

vears Nine-tenths 



Amount 
Covered. 

370,240,465.00 

2,796,103.00 

2,525,940.00 

145,155,821.00 

141,775,514.00 

134,347,897.00 

2,005, TVS. 00 

2,462,204.00 

2,468,470.00 

'2,082,534.00 

25,395,760.00 

30,372,584.00 

33,001,799.00 

31,274,043.00 

30,609,157.<io 



Premiums 

Charged. 

4,017,455.16 $ 

24,537.55 

20,909.11 

1,396,593.75 

1,356,098.19 

1,322,580.07 

19,742.02 

20,505.84 

20,832.41 

18,184.40 

327,132.19 

350,362.89 

389,113.69 

374,886.35 

375,388.59 



Premiums 
Unearned! 

2,458,727.58 

0,134.39 

15,681.83 

232,765.62 

678,049.09 

1,102,150.06 

2,467.75 

7,689.69 

13,020.25 

15,911.35 

32,713.22 

106,908.87 

• 194,556.84 

262,420.45 

337,849.73 



Totals $962,575,069.00 $ 10,940,322.21 $ 5,467,046.72 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year § 5,000,204.50 

Net premiums received during 

year $ 0,684,746.58 

Decrease in gross uncollected 

premiums 8 17,0S3.36 

Increase in re-insurance fund 180,247.10 



197,330.46 



Total net premiums earned 

Interest, etc., received $ 381,559.50 

Increase in accrued interest, etc., 01,074.81 



Total interest earned- 



8 6,487,416.12 



412,034.31 



Total premiums and interest 

earned 

Net losses paid during year $ 4,371,957.66 

Decrease in net unpaid losses 435.50 



Total net losses incurred 

Expenses paid $ 2,420,552.96 

Total expenses incurred 

Total losses and expenses in- 
curred 

Net loss for year 

Dividends to stockholders 



Total dividends incurred for year, 
Decrease in surplus for year 

Surplus at end of year 



8 6,930,050.43 



$ 4,371,522.10 
2,420,552.96 



0,792,075.12 

137,975.31 
400,000.00 

400,000.00 
262,024.69 



4,798,179.81 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Gross risks written 

Gross premiums received . 
Re-insurance premiums _. 
Losses paid 

Losses incurred 



Fire Risks. 

3,172,040.00 

54,687.42 

0,561.06 

24, cos. 62 

21,595.10 



1903.] Document No. 10. 155 

HELVETIA SWISS FIRE INSURANCE COMPANY OF 
ST. GALL, SWITZERLAND. 

Located in TJ. S. at New York City. 

Incorporated 1861. Commenced Business in U. S. in 1876. 

Weed & Kennedy, U. S. Managers. 



Deposit capital, 8200,000. 

Amount of net or ledger assets December 31, 1899 S 782, 536. 67 

INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums S 632,248.52 S- 

Deduct re-insurance, rebate, abatement and return 

premiums 193, 735. 58 _. 



Net casli received for premiums $ 438,512.94 $ 

438,512.94 

Interest and dividends on stocks and bonds 20,694.90 

Interest and dividends from all other sources 1, 168. 78 

Profit on sale or maturity of ledger assets 9, 118. 75 

Received from home office 40,000.00 

Total income - $ 509,495.37 

Aggregate last balance and income $ 1, 292, 032. 04 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses S 394,736.62 | 

Deduct salvage and re-insurance 22,930.99 



Net cash paid for losses 8 371,796.63 8. 



371, 796. 63 

Remitted to home office 14, 501. 00 

Commissions or brokerage and allowances to agents 120, 913. 23 

Salaries and fees of officers and employees 3, 000. 00 

Taxes 19,221.38 

All other expenditures 13, 034. 71 

Total disbursements during the year $ 542, 466. 95 

Balance December 31, 1900 $ 749,565.09 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of stocks and bonds , ? 685,567.36 

Cash in company's office 189.16 

Cash in bank 63,808.56 



Total net or ledger assets $ 749, 565. 09 



156 



Document No. 10. 



[Session 



OTHER ASSETS. 

Rents and interest due and accrued $ 

Market value of stocks and bonds over book value 

Uncollected premiums 

Total assets 



3, 291. 67 
27, 010. 14 
68, 638. 98 



$ 848, 505. 88 



LIABILITIES. 

Losses adjusted and unpaid $ 12,656.2!) 

Losses in process of adjustment 18,452.15 

Losses resisted 5,250.00 



Net amount of unpaid losses, less re-insurance 

Total unearned premiums 

Commissions due agents and brokers 

All other liabilities 



Total liabilities $ 

Net surplus 

Total liabilities, including cash capital and.net surplus $ 



MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. 

In force at beginning of year 8 50,507,006.00 

Written during year 53,162,147.00 

Total $ 103,669,153.00 

Deduct those expired and marked off as terminated 58,364,749.00 

In force at end of year $ 45,304,404.00 

Deduct amount re-insured 2,S47,085.00 

Net amount in force at end of year $ 42,457,319.00 

Largest amount in any one hazard $ 50,000.00 



35, 888. 50 

260, 326. 13 

700. 00 

22, 464. 00 

319, 378. 63 
529, 127. 25 

848, 505. 88 



Premiums. 
$ 519,040.71 

616,503.82 

$ 1,135,544.53 
594,655.01 

$ 540,889.52 

30,183.60 

$ 510,705.92 



Year 




Written. 




In 1900 


1 


In 1899 . 


2 


In 1900 


2 


In 1898 


3 


In 1899- 


3 


In 1900 „ 


3 


In 1S97- - 


4 


In 1898 .. 


4 


In 1899 


4 


In 1900 


4 


In 1896 


5 


In 1897 — 


5 


In 1898 


5 


In 1899 


5 


In 1900 . 


5 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Fraction 
Term. Unearned. 

year or less One-half $ 30,435,216.00 

years One-fourth 

years Three-fourths 

years One-sixth 

years One-half 

years Five-sixths 

years One-eighth 

years Threeeigths 

years Five-eighths 

years Seven-eighths 

years One-tenth 

years Three-tenths 

years One- half 

years Seven-tenths 

years Nine-tenths 



Amount 


Premiums 


Premiums 


Covered. 


Charged. 


Unearned. 


10,435,216.00 $ 


372,752.02 $ 


186,376.01 


323,186.00 


2,916.63 


729.16 


375,579.00 


4,301.77 


3,226.32 


3,193,653.00 


37,036.96 


6,172.82 


2,567,872.00 


28,226.23 


14,113.11 


3,057,150.00 


36,378.94 


30,315.78 


24,000.00 


315.87 


39.48 


45,300.00 


353.95 


132.72 


47,995.00 


577.50 


360.95 


52,600.00 


1,184.97 


1,03,6.84 


126,525.00 


835.20 


83.52 


502,725.011 


3,809.96 


1,142.98 


451,230.00 


4,599.05 


2,299.53 


583,183.00 


6,891.33 


4,823.93 


671,105.00 


10,525.54 


9,472.98 



Totals.. $ 42,457,319.00 $ 510,705.92 



260,326.13 



1903.] Document No. 10. 157 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year S 529,312.39 

Net premiums received during 

year $ 438,512.94 

Decrease in gross uncollected 

premiums S 12,403.40 

Increase in re-insurance fund 4,984.73 17,3S8.13 

Total net premiums earned $ 421,123.81 

Interest, etc., received $ 21,863.68 

Increase in accrued interest, etc., 12,fi87.50 

Total interest earned 34,551.18 

Total premiums and interest 

earned S 455,675.99' 

Net losses paid during year $ 371,796.63 

Decrease in net unpaid losses 45,056.03 

Total net losses incurred 3 326,740.60 

Expenses paid S 156,169.32 

Decrease in unpaid expenses 1,549.79 

Total expenses incurred 154,019.53 

Total losses and expenses in- 
curred 481,360.13 

Net loss for year > 25,684.14 

Received from home office 40,000.00 

Remitted to home office during 

year 14,501.00 

Net received from home office . $ 25,499.00 

Decrease in surplus for year 185.14 

Surplus at end of year $ 529,127.25 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written 8 822,911.00 

Gross premiums received 14,805.94 

Losses paid 1,255.95 

Losses incurred 1,283.45 



158 Document No. 10. [Session 

HOME INSURANCE COMPANY OF NEW YORK. 

Located at New York, N. Y. Incorporated 1853. Commenced Business 1853. 

John E. Washburn, Vice-President. 

A. M. Burtis, W. H. Cheney, Secretaries. 



Cash capital, $3, 000,000. 
Amount of net or ledger assets December 31, 1899 $ 11, 169,086.45 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 7,156,377.01 $ 523,451.28 

Deduct re-insurance, rebate, abatement and return 

premiums 2,503,124.12 264,709.12 

Net cash received for premiums $ 4,653,253.70 $ 258,742.16 



4, 911, 995. 95 

Rents 166,773.25 

Interest received on mortgages 10, 695. 44 

Interest received on collateral loans 10,102.79 

Interest and dividends on stocks and bonds 367, 728. 90 

Interest and dividends from all other sources 4, 951. 63 

Profit on sale or maturity of ledger assets 121, 085. 82 

From all other sources 2, 472. 80 



Total income $ 5,595,806.58 

Aggregate last balance and income $ 16, 764, S93. 03 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 3,598,038.25 $ 325,937.42 

Deduct salvage and re-insurance 1,059,901.42 150,970.12 



Net cash paid for losses $ 2,538,136.83 $ 174,967.30 



2, 713. 104. 13 

Paid stockholders (interest or dividends) 300,000.00 

Commissions or brokerage and allowances to agents 869, 200. 00 

Salaries and fees of officers and employees 419, 159. 23 

Taxes 187,063.37 

Loss on sales or maturity — ledger assets 115, 556. 80 

All other expenditures 463, 195. 21 

Total disbursements during the year $ 5, 067, 279. 37 

Balance December 31, 1900 -■ $ 11,697,613.66 



1903.] Document No. 10. 159 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned § 1,718,205.81 

Loans on mortgages lfi0,400.00 

Loans on collaterals 249,375.00 

Book value of stock and bonds S, 677, 624. 65 

Cash in bank 514,815.89 

Bills receivable 591.59 

All other 380,799.98 



$ 11,701,872.92 
Deduct agents' credit balances 3 4,259.26 

4, 259. 26 



Total net or ledger assets 11, 697, 613. 66 

OTHER ASSETS. 

Eents and interest due and accrued $ 47, 664. 54 

Market value of stocks and bonds over book value 1, 677, 141. 50 

Uncollected premiums 193,206.04 

Gross assets $ 13, 615, 625. 74 

Non-admitted assets — 

Agents' debit balances unsecured 1 5,481.32 

Depreciation in book value real estate, etc 16,386.15 

Bills receivable, past due Ji.8,~ 



Total deductions 21,962.34 

Total admitted assets $ 13,593, 663. 40 

LIABILITIES. 

Losses adjusted and unpaid , S 127,725.37 

Losses in process of adjustment 744,223.96 

Losses resisted 4T.;;50.71 



Net amount of unpaid losses, less re-insurance 8 529, 318. SI 

Total unearned premiums 4, 546, 125. 00 

Eeturn and re-insurance premiums 220, 720. 75 

Total liabilities $ 5,296,164.56 

Cash capital 3,000,000.00 

Net surplus 5,297,498.84 

Total liabilities, including cash capital and net surplus $ 13, 593, 663. 40 

MISCELLANEOUS 

RISKS AND PREMIUMS. 

Fibk. Risks. Premiums. 

In force at beginning of year S 976,687,393.00 8 8,763,019.00 

Written during year 801,749,520.00 7,087,455.61 



Total 3 1,778,436,913.00 $ 15,850,474.61 

Deduct those expired and marked off as terminated 726,01S,407.00 6,191,532.61 

In force at end of year $ 1,052,418,506.00 8 9,658,942.00 

Deduct amount re-insured 167,967,353.00 1,139,238.00 

Net amount in force at end of year 3 884,451,153.00 S 8,519,704.00 

Largest amount in any one hazard $ 195,000.00 



160 



Document No. 10. 



[Session 



Marine and 

Inland. Premiums. 

In force at beginning of year 5 18,501,346.00 $ 443,005.00 

Written during year 82,976,503.00 527,904.03 

Total 8 .101,477,849.00 $ 970,9119.(13 

Deduct those expired and marked oft as terminated 82,026,143.00 430,777.03 

In force at end of year $ 19,451,700.00 $ 540,192.00 

Deduct amount re-insured 6,283,131.00 172,940.00 

Net amount in force at end of year $ 13,168,575.00 8 367,252.00 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Year Fraction Amount 

Written. Term. Unearned. Covered. 

In 1900 1 year or less One-hall $ 317,404,444.00 

In 1899 2 years One-fourth 6,060,448.00 

In 1900 2 years Three-fourths 1,740, 005.00 

In 1898 3 years One-sixth 119,864,607.00 

In 1899 3 years One-half 135,477,S25.00 



In 1900. 
In 1897. 
In 1898. 
In 1899- 
In 1900. 
In 1890. 
In 1897- 
In 1898_ 
In 1899- 
In 1900. 



_3 years Five-sixths 

_4 years One-eighth 

_4 years Three-eighths . 

-4 years Five-eighths— . 

-4 years Seven-eighths . 

-5 years One-tenth 

_5 years Three-tenths _. 

_5 years One-half 

.5 years Seven-tenths 

_5 years Nine-tenths 



Over 5 years Pro rata 



131,968,329.00 

1,370,030.(10 

1,333,599.00 

1, 497,32S. 00 

1,040,208.00 

30,328,442.00 

31,442,380.00 

31,979,157.00 

34,020,049.00 

34,743,426.00 

3,568,204.00 



Premiums 
Charged. 

3,094,753.00 

54,207.00 

14,079.00 

1,086,841.00 

1,197,092.(10 

1,180,040.00 

11,839.00 

11,380.00 

12,333.00 

9,500.00 

350,063.00 

358,041.00 

348,083.00 

381,792.00 

386,724.00 

21,665.00 



Premiums 
Unearned. 

I 1,547,377.00 

13,552.00 

11,009.00 

181,140.00 

598,546.00 

983,872.00 

1,480.00 

4,270.00 

7,708.00 

8,305.oo 

35,006.00 

107,412.00 

174,042.00 

207,254.00 

348,052.00 

9,901.oo 



Totals $ S84, 451, 153.00 $ 8,519,704.00 $ 4,299,049.00 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 4,031,030.41 

Net premiums received during 

year S 4,911,995.95 

Decrease in gross uncollected 

premiums I 73,923.52 

Increase in re-insurance fund __ 105,052.00 238,975.52 



Total net premiums earned 

Interest, etc., received $ 

Increase in accrued interest, etc., 

Total interest earned 



501,750.33 
373,321.74 



Total premiums and interest 

earned 

Net losses paid during year $ 2,713,101.13 

Decrease in net unpaid losses 5,088.51 

Total net losses incurred 

Expenses paid __$ 1,880,116.76 

Decrease in unpaid expenses 5,602.31 



Total expenses incurred. 



Total losses and expenses in- 
curred 



$ 4,073,020.43 



875,072.07 



$ 5.548,092.50 



8 2,708,015.02 



1,874,514.45 



4,582,530.07 



1903.] Document No. 10. 161 

Net gain for year S 965,562.43 

Dividends to stockholders 300,000.00 

Total dividends incurred for 

year $ 300,000.00 

Increase in surplus for year 665,562.43 

Surplus at end of year $ 5,297,498.84 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 6,498,876.00 

Gross premiums received 53,911.74 

Losses paid 10,975.21 

Losses incurred 19,637.34: 



IMPERIAL INSURANCE COMPANY (LIMITED) 
OF LONDON, ENGLAND. 

Located in U. S. at New York, N. Y. 



Incorporated 1803. 



Commenced Business in U. S. 1868. 



Henry W. Cannon, 1 

William A. Reed, >• Trustees in the United States. 

Richard L. Edwards, J 



Cash capital, §1,500,000. 
Amount of net or ledger assets December 31, 1899 $ 1, 557, 450. 14 



INCOME. 

Fire. 

Gross cash received for premiums g 1,695,597.52 $ 

Deduct re-insurance, rebate, abatement and return 

premiums 409, 098. 05 _. 



Marine and 
Inland. 



Net cash received for premiums 8 1,286,499.47 -_ 



Rents 

Interest and dividends on stocks and bonds — 
Interest and dividends from all other sources 
From all other sources 



1,286,401). 47 

29, 539. 19 

38, 790. 00 

765. 35 

188, 239. 10 



Total income $ 1,543,833.11 

Aggregate last balance and income $ 3, 101, 283.25 



11 



162 Document No. 10. [Session 



DISBURSEMENTS. 



Marine and 
Fire. Inland. 



Gross cash paid for losses $ 1,018,889.74 $_ 

Deduct salvage and re-insurance 80,943.30 __ 

Net cash paid for losses $ 937,946.44 $_ 



_ $ 937, 946. 44 

Commissions or brokerage and allowances to agents-. 265, 307. 66 

Salaries and fees of officers and employees 86,401. 71 

Taxes 58,996.90 

Loss on sales or maturity — ledger assets 36, 599. 74 

All other expenditures 166,904. 17 

Total disbursements during the year $ 1,552, 156.62 

Balance December 31, 1900 $ 1, 549, 126. 63 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 410,016.30 

Book value of stocks and bonds ■. 1,054,148.54 

Cash in company's office 1,292.84 

Cash in bank 83,068.55 



Total net or ledger assets $ 1, 549, 126. 63 

OTHER ASSETS. 

Rents and interest due and accrued 7, 650. 82 

Market value of real estate over book value 66,018.40 

Market value of stocks and bonds over book value 65, 903. 96 

Uncollected premiums 166, 656. 72 

Total admitted assets $ 1, 855, 356. 53 



LIABILITIES. 

Losses adjusted and unpaid $ 35,246.87 

Losses in process of adjustment 57,086.28 

Losses resisted 21,845.00 



Net amount of unpaid losses, less re-insurance $ 111, 611. 56 

Total unearned premiums *. _ 936, 022. 80 

Salaries, rents, etc., due and accrued 750. 00 

Total liabilities $ 1,048,384.36 

Deposit capital 584, 070. 00 

Net surplus 222,902.17 

Total liabilities, including cash capital and net surplus $ 1, 855, 356. 53 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. ' Premiums. 

In force at beginning of year $ 173,409,513.00 $ 1,829,519.44 

Written during year 143,730,537.00 1,657,680.40 



Total $ 317,200,050.00 $ 3,487,199.90 

Deduct those expired and marked off as terminated 132,096,115.00 1,477,762.03 



In force at end of year $ 185,103,935.00 $ 2,009,437.87 

Deduct amount re-insured 12,417,966.00 155,625.85 



Net amount in force at end of year $ 172, 685, 90S. 00 $ 1,853,812.02 

Largest amount in any one hazard J 60,000.00 



1903.] Document No. 10. 163 

RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 1900 1 year or less One-half $ 75,400,289.00 $ 962,518.86 $ 481,259.43 

In 1899 2 years One-fourth 493,737.00 3,108.75 777.19 

In 1900 2 years T^iree-fourths ._ 363,476.00 2,525.21 1,893.91 

In 1898 3 years One-sixth 23,256,385.00 202,894.77 33,815.80 

In 1899 3 years One-half 19,373,572.00 177,334.73 88,667.37 

In 1900 3 years Five-sixths 23,504,181.00 201,192.33 167,660.28 

In 1897 4 years One-eighth 323,334.00 2,322.93 290.37 

In 1898 4 years Three-eighths „ 000,407.00 5,192.83 1,947.31 

In 1899 4 years Five-eighths 510,089.00 4,046.38 2,528.99 

In 1900 4 years Seven-eighths _. 680,315.00 6,282.80 5,497.45 

In 1896 5 years One-tenth 4,536,933.00 45,680.03 4,568.00 

In 1897 5 years Three-tenths ___ 5,130,974.00 49,471.71 14,841.51 

In 1898 5 years One-half 6,882,573.00 68,179.48 34,089.74 

In 1899 5 years Seven-tenths 5,541,196.00 59,348.19 40,843.73 

In 1900 5 years Nine-tenths 6,088,478.00 63,713.02 57,341.72 



Totals $ 172,085,969.00 $ 1,853,812.02 $ 936,022.80 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 786,873.04 

Net premiums received during 

year $ 1,286,499.47 

Decrease in gross uncollected 

premiums $ 5,830.44 

Increase in re-insurance fund __ 49,880.40 55,710.84 



Total net premiums earned $ 1,230,788.63 

Interest, etc., received s 210,135.16 

Increase in accrued interest, etc., 3,936.64 

Total interest earned 214,071.80 



Total premiums and interest 

earned $ 1,444,860.43 

Net losses paid during year $ 937,946.44 

Decrease in net unpaid losses 69,523.40 

Total net losses incurred $ 868,423.04 

Expenses paid $ 495,438.93 

Decrease in unpaid expenses 60,899.33 

Total expenses incurred 556,338.26 

Total losses and expenses in- 
curred 1,424,761.30 

increase in surplus for year $ 20,099.13 



Surplus at end ol year $ 806,972.17 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 746,002.00 

Gross premiums received 12,373.41 

Losses paid 5,285.43 

Losses ineurred 4,171.78 



164 Document No. 10. [Session 

INSURANCE COMPANY OF NORTH AMERICA 
OF PENNSYLVANIA. 

Located at Philadelphia, Pa. Incorporated 1794. Commenced Business 1792. 
Charles Platt, President. Greville E. Fryer, Secretary. 



Cash capital, $3, 000, 000. 

Amount of net or ledger assets December 31, 1899 $ 8, 508, 987. 36 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 5,266,838.81 $ 2,249, 7G0. 44 

Deduct re-insurance, rebate, abatement and return 

premiums 1,091,467.02 449,865.01 

Net cash received for premiums $ 4,175,371.79 $ 1,799,895.43 



5, 975, 267. 22 

Deposit premiums received for perpetual risks 15, 144. 94 

Rents 29,584.69 

Interest received on mortgages 105,580.38 

Interest received on collateral loans 1, 607. 22 

Interest and dividends on stocks and bonds 209, 898. 07 

Interest and dividends from all other sources 11, 780. 20 

Profit on sale or maturity of ledger assets 185, 608. 58 

From all other sources 2, 608. 02 

Total income $ 6, 537, 079. 32 

Aggregate last balance and income -$ 15, 046, 066. 68 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 3,131,778.70 $ 1,039,025.34 

Deduct salvage and re-insurance 377,676.35 501,431.82 

Net cash paid for losses I 2,754,102.35 $ 1,137,593.52 



3,891,695.87 

Deposit premiums returned 22, 407. 07 

Paid stockholders (interest or dividends) 360, 000. 00 

Commissions or brokerage and allowances to agents 1, 168, 518. 32 

Salaries and fees of officers and employees 277, 582. 64 

Taxes 145, 039. 10 

Loss on sales or maturity — ledger assets 303. 23 

All other expenditures 311, 560. 88 

Total disbursements during the year • $ 6, 177, 107. 11 

Balance December 31, 1900 $ 8, 868, 959. 57 



1903.] Document No. 10. 165 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned 8 855,696.70 

Loans on mortgages 1,712,184.05 

Loans on collaterals 94,700.00 

Book value of stocks and bonds 4,594,590.00 

Cash in bank 916,001.32 

Agents' debit balances 628,721.81 

Bills receivable 39,593.19 

All other 67,384.68 



$ 8,908,871.75 

Deduct all other $ 39,912.18 

39, 912. 18 



Total net or ledger assets 1 $ 8. 868, 959. 57 

OTHER ASSETS. 

Rents and interest due and accrued 20, 993. 19 

Market value of stocks and bonds over book value 337, 627. 00 

Uncollected premiums 282,800.00 

Gross assets $ 9,510,379.76 

Non-admitted assets — 

Company's stock — owned 8 33,000.00 

Bills receivable, past due 683.00 

Total deductions 33,683.00 

Total admitted assets $ 9, 476, 696. 76 

LIABILITIES. 

Losses adjusted and unpaid $ 103,943.48 

Losses in process of adjustment 539,577.52 

Losses resisted 41,111.00 



Net amount unpaid losses, less re-insurance and salvage claims-? 558, 322. 00 

Total unearned premiums 3,187,468.67 

Amount reclaimable on perpetual fire risks 765, 309.20 

Salaries, rents, etc., due and accrued 20, 742. 30 

Total liabilities $ 4, 731, 842. 17 

Cash capital 3,000,000.00 

Net surplus 1,778,537.59 

Total liabilities, including cash capital and net surplas $ 9, 510, 379. 76 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 631,932,545.00 8 6,174,045.90 

Written during year 559,358,869.00 5,280,838.81 



Total $1,191,291,414.00 8 11,454,884.71 

Deduct those expired and marked off as terminated 520,821,602.00 4,854,077.40 



In force at end of year 8 670,469,812.00 $ 6,600,807.31 

Deduct amount re-insured 35,333,415.00 357,076.59 



Net amount in force at end of year $ 635,136,397.00 $ 6,243,730.72 

Largest amount in any one hazard 8 100,000.00 



166 



Document No. 10. 



[Session 



Marine and 

Inland. Premiums. 

In force at beginning of year $ 4,947,925.00 $ 224,215.33 

Written during year 398,754,420.00 2,230,060.44 

Total $ 403,702,345.00 $ 2,454,275.77 

Deduct those expired and marked off as terminated 398,456,504.00 2,218,567.37 

Net amount in force at end of year S 5,245,841.00 $ 235,708.40 

PERPETUAL RISKS. 

Amount. Deposits. 

In force at beginning of year $ 33,641,661.50 $ 848,860.53 

Written during year 555,758.37 15,144.94 

Total $ 34,197,419.87 9 864,005.47 

Deduct those marked off as cancelled 791,330.73 22,407.07 

In force at end of year $ 33,406,089.14 $ 841,598.40 

Losses incurred during year $ 11,495.18 

Losses paid during year 11,775.76 

Largest amount in any one hazard 25,000.00 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Year 

Written. 

In 1900 1 

In 1899 2 

In 1900 2 

In 1898 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1896 5 

In 1897 5 

In 1898 5 

In 1899 6 

In 1900 5 

Over 5 years 

Perpetual 



Term. 
year or less_ 



Fraction 
Unearned. 



Amount 
Covered. 



.One-half $ 298,932,810.00 



years One-fourth 1,370,898.00 

years Three-fourths 1,730,802.00 

years One-sixth 68,599,401.00 

years One-half 72,019,240.00 

years Five-sixths 69,868,662.00 

years One-eighth 1,121,550.00 

years Three-eighths 1,319,204.00 

years Five-eighths 951,843.00 

years Seven-eighths 956,909.00 

years One-tenth 21,206,376.00 

years Three-tenths 22,387,607.00 

years One-half 24,512,971.00 

years Seven-tenths 24,560,751.00 

years Nine-tenths 24,429,592.00 

Pro rata '_ 1,107,721.00 

95 percent 33,406,089.14 



Premiums 
Charged. 

2,747,033.28 

12,213.13 

15,581.56 

684,064.92 

703,900.93 

706,740.40 

12,341.98 

13,829.11 

9,682.39 

11,246.57 

239,743.22 

248,665.29 

265,592.96 

273,894.93 

283,208.11 

15,991.94 

841,598.40 



Premiums 
Unearned. 

1,373,516.64 

3,053.28 

11,686.17 

114,010.82 

351,950.46 

588,950.33 

1,542.75 

5,185.92 

0,051.49 

9,840.75 

23,974.32 

74,599.59 

132,796.48 

191,726.45 

254,887.30 

7,987.52 

765,309.20 



Totals 9 668,542,486.14 $ 7,085,329.12 8 3,917,069.47 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year 

Net premiums received during 

year 

Decrease in gross uncollected 

premiums $ 

Increase in re-insurance fund 



Total net premiums earned 

Interest, etc., received J 

Inorease in accrued interest, etc., 

Total interest earned 



Total premiums and interest 
earned 



5,700.00 
194,260.51 



333,710.93 
72,967.20 



$ 5,968,005.09 



199,960.51 
9 5,768,044.58 



406,678.13 



-9 1,696,780.55 



6,174,722.71 



1903.] Document No. 10. 167 

Net losses paid during year $ 3,S91,695.S7 

Decrease in net unpaid losses 17,00-1.35 

Total net losses incurred $ 3,874,031.52 

Expenses paid $ 1,838,091.85 

Increase in unpaid expenses — 20,242.30 

Total expenses incurred-. 1,858,334.15 

Total losses and expenses in- 
curred $ 5,732,965.67 

Net gain for year S 441,757.04 

Dividends to stockholders 360,000.00 

Total dividends incurred for 

year $ 360,000.00 

Increase in surplus for year 81,757.04 

Surplus at end of year $ 1,77S,537.59 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Marine and 
Fire Risks. Inland. 

Gross risks written $ 1,523,859.00 $ 215,699.00 

Gross premiums received 25,430.97 850.00 

Losses paid 17,234.37 22.61 

Losses incurred 15,605.55 23.00 



LANCASHIRE INSURANCE COMPANY OF 
GREAT BRITAIN. 

Located in U. S. at New York, N. Y. 

Incorporated 1852. Commenced Business in U. S. 1872. 

Milton Dargan, U. S. Manager. 



Amount of net or ledger assets December 31, 1899 $ 1, 969, 761. 41 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums S 2,432,895.01 § 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 546,109.38 



Net cash received for premiums $ 1,886,785.63 



1, 886, 785. 63 

Deposit premiums received for perpetual risks 237. 00 

Rents 7, 142. 07 

Interest and dividends on stocks and bonds 61, 376. 01 

Received from home office 167, 309. 06 

Total income $ 2, 122, S49. 77 

Aggregate last balance and income $ 4, 092, 611. 18 



168 Document No. 10. [Session 



DISBURSEMENTS. 



Marine and 
Fire. Inland. 



■Gross cash paid for losses 8 1,4.59,580.05 

Deduct salvage and re-insurance 130,307.00 

Net cash paid for losses $ 1,329,273.05 



$ 1,329, 273. '05 

Deposit premiums returned 279. 40 

Commissions or brokerage and allowances to agents 342, 767. 38 

Salaries and fees of officers and employees 178, 045. 91 

Taxes 64,515.34 

Loss on sales or maturity — ledger assets 19, 183. 22 

All other expenditures 227,264.87 

Total disbursements during the year $ 2, 161,329. 17 

Balance December 31, 1900 $ 1,931,282.01 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 385,585.72 

Book value of stocks and bonds 1,417,743.63 

Cash in company's office 480.63 

Cash in bank 127,472.03 



Total net or ledger assets $ 1, 931, 282. 01 

OTHER ASSETS. 

Market value of stocks and bonds over book value 111, 706. 37 

Uncollected premiums 225, 749. 15 

Total admitted assets $ 2, 268, 737. 53 



LIABILITIES. 

Losses adjusted and unpaid $ 112,724.69 

Losses in process of adjustment 137, 118. 9S 

Losses resisted 26,546.37 



Net amount of unpaid losses, less re-insurance f> 265, 751. 50 

Total unearned premiums 1, 392, 339. 06 

Amount reclaimable on perpetual fire risks 6, 764. 85 

Salaries, rents, etc., due and accrued" 5, 000. 00 

Total liabilities $ 1,669,855.41 

Net surplus 598,882.12 

Total liabilities, including cash capital and net surplus f 2, 268, 737. 53 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year 8 283,426,329.00 $ 2,807,454.64 

Written during year 241,298,167.00 2,444,125.74 

Total $ 524,724,496.00 $ 5,251,580.38 

Deduct those expired and marked off as terminated 225,850,420.00 2,263,454.94 

In force at end of year $ 29S,874,076.00 $ 2,988,125.44 

Deduct amount re-insnred 22,851,876.00 207,416.81 



Net amount in force at end of year $ 276,022,200.00 8 2,780,708.63 



1903.] 



Document No. 10. 



169 



PERPETUAL RISKS. 

Amount. Deposits. 

In force at beginning of year $ 259,800.00 8 7,500.50 

Written during year 10,100.00 237.00 

Total 8 2119,900.00 $ 7,807.50 

Deduct those marked off as cancelled 13,800.00 291.00 

In force at end of year 8 256,100.00 g 7,516.50 

Largest amount in any one hazard $ 15,000.00 



RECAPITULATION 7 OF FIRE RISKS AND PREMIUMS. 



Year 
Written. 

In 1900 1 

In 1899 2 

In 1900 2 

In 1898 3 

In 1S99 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1890 5 

In 1897 5 

In 1898 5 

In 1899 5 

In 1900 5 

Perpetual 



Fraction 
Term. Unearned. 

year or less One-half $ 

years One- fourth 

years Three-fourths 

years One-sixth 

years One-half 

years Five sixths 

years One-eighth 

years Three-eighths 

years Five-eighths 

years Seven-eighths 

years One- tenth 

years Three-tenths 

years One-half 

years Seven-tenths 

years Nine- tenths 

95 per cent 



Amount 
Covered. 

135,993,958.0(1 $ 

1,710,259.00 

1,078,175.00 

37,966,341.00 

33,472,903.00 

32,281,697.11(1 

476,138.(10 

644,509.00 

596,955.00 

746,404.00 

3,975,299.00 

5,110,700.00 

8,910,103.00 

6,286,177.00 

6,766,582.00 

256,100.00 



Premiums 
Charged. 

1,480,186.85 $ 

14,806.75 

12,477.71 

334,062.79 

276,841.71 

295,291.13 

4,532.94 

5,471.05 

5,023.61 

6,624.13 

50,955.72 

60,763.84 

79,357.26 

71,942.80 

82,310.34 

7,516.50 



Premiums 
Unearned. 

740,093.42 

3,716.69 

9,358.28 

55,677.13 

138,420.85 

246,075.94 

566.62 

2,051.64 

3,139.76 

5,796.11 

5,095.57 

18,229.15 

39,678.63 

50,359.96 

74,079.31 

6,764.85 



Totals $ 276,278,300.00 8 



3,225.13 S 1,399,103.91 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year- 
Net premiums received during 
year 

Increase in gross uncollected 
premiums S 

Increase in re-insurance fund 

Total net premiums earned 

Received from home office 

Interest, etc., received 8 

Increase in accrued interest, etc., 



_8 014,157.15 



11,230.73 
46,038.72 



68,518.08 
16,036.17 



Total interest earned. 



S 1,880,743.23 



34,807.99 

1,851,935.24 
167,309.06 



84,554.25 



Total premiums and interest 

earned 

Net losses paid during year 8 

Decrease in net unpaid losses 



8 2,103,798.55 



1,329,273.05 
22,792.97 



Total net losses incurred 

Remitted to home office 

Expenses paid 8 

Total expenses incurred 



738,976.56 



1,306,480.08 
73,616.94 

738,976.56 



Total losses and expenses in- 
curred 



Net loss for year 

Decrease in surplus for year 

Surplus at end of year _. 



2,119,073.58 

15,275.03 
15,275.03 



598,882.12 



170 



Document No. 10. 



[Session 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 1,666,844.00 

Gross premiums received 19,988.23 

Re-insurance premiums 1,021.17 

Losses paid 8,728.33 

Losses incurred 8,623.69 



LAFAYETTE FIRE INSURANCE COMPANY 
OF NEW YORK. 

Located at New York, N. Y. Reorganized 1897. Commenced Business 1897. 
Allen W. Adams, President. Edward H. Betts, Secretary. 



Cash capital, $200, 000. 
Amount of net or ledger assets December 31, 1899 $ 



INCOME. 

Fire. 

Gross cash received for premiums $ 311,995.85. $. 

Deduct re-insurance, rebate, abatement and return 

premiums 81,983.41 _. 



Marine and 
Inland. 



Net cash received for premiums $ 230,012.44 



Interest and dividends on stocks and bonds 

Profit on sale or maturity of ledger assets 

Total income 

Aggregate last balance and income 

DISBURSEMENTS. 



Marine and 
Fire. Inland. 



Gross cash paid for losses $ 192,02S.7o $_ 

Deduct salvage and re-insurance 15,249.43 __ 



Net cash paid for losses $ 176,779.32 



Commissions or brokerage and allowances to agents 

Salaries and fees of officers and employees 

Taxes 

All other expenditures 

Total disbursements during the vear $ 



351, 675. 22 



230, 012. 44 

9, 936. 70 

10, 079. 43 



.$ 250, 028. 57 
.$ 601, 703. 79 



176, 779. 32 

67, 920. 53 

2, 345. 00 

6, 280. 14 

1, 283. 13 

254,608. 12 



Balance December 31, 1900 $ 347,095.67 



1903.] 



Document No. 10. 



171 



ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of stocks and bonds 5 309,400.00 

Cash in bank 37,695.00 



Total net or ledger assets $ 347,095.67 



OTHER ASSETS. 



Eents and interest due and accrued - 
Uncollected premiums 

Total admitted assets 



LIABILITIES. 

Losses in process of adjustment $ 15, 589. "in 

Net amount of unpaid losses 1 

Total unearned premiums 

Return and re-insurance premiums 

Total liabilities $ 

Cash capital 

Net surplus 

Total liabilities, including cash capital and net surplus 

MISCELLANEOUS. 



RISKS AND PREMIUMS. 

Fire Risks. 

In force at beginning of year S 19,570,055.00 

Written during year 29,788,455.00 

Total 8 49,358,510.00 

Deduct those expired and marked off as terminated 24,768,818.00 

In force at end of year 8 24,589,692.00 

Deduct amount re-insured 1,932,896.00 



Net amount in force at end of year S 22,656,796.00 

Largest amount in any one hazard $ 12,500.00 



1, 763. 55 
30, 743. 47 



.$ 379, 602. 69 



15, 589. 10 

135, 193. 27 

689. 76 

$ 151,472.13 

200, 000. 00 

28, 130. 56 

$ 379, 602. 69 



Premiums. 
$ 206,301.71 

323,71)3.42 

8 530,005.13 

252,808.32 

3 277,196.81 

17.072.77 

8 260,124.04 



Year 
Written. 

In 1900 1 

In 1899 2 

In 1900 2 

In 1898 3 

In 1899 3 

In 1900 3 

In 1898 4 

In 1899 4 

In 1900 4 

In 1897 5 

In 1898 5 

In 1899 5 

In 1900 5 

Totals 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Fraction 
Unearned. 



Term. 

year or less One-half 

years One-fourth 

years Three- fourths. 

years One-sixth 

years One-half 

years Five-sixths 

years Three-eighths 

yeaTS Five-eighths.. 

years Seven-eighths. 

years Three- tenths- 
years One-half 

vears Seven- tenths- 
years Nine-tenths _.. 



Amount 


Premiums 


Premiums 


Covered. 


Charged. 


Unearned. 


17,993,492.00 ^ 213,227.86 $ 


106,613.93 


144,620.00 


1,386.28 


346.57 


545,416.00 


5,205.27 


3,903.95 


356,541.00 


6,137.68 


1,022.95 


1,468,422.00 


13,635.67 


0,817.84 


1,540,715.00 


11,396.04 


9,490.7ii 


2,000.00 


25.85 


9.69 


46,804.00 


395.65 


247.28 


40,631.00 


917.95 


803.21 


3,750.00 


94.25 


28.28 


43,417.00 


790.40 


395.20 


259. 091'.. 00 


3.561.80 


2.493.26 


211,892.00 


3,349.34 


3,014.41 



-8 22,656,796.00 S 260,104.24 $ 135,193.27 



172 Document No. 10. [Session 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 9 736.32 

Net premiums received during 

year $ 230,012.44 

Increase in gross uncollected 

premiums $ 4,034.45 

Increase in re-insurance fund— 31,636.62 26,702.17 

Total net premiums earned $ 203,310.27 

Interest, etc., received $ 9,936.70 

Increase in accrued interest, etc., 10,053.36 

Total interest earned 19,990,06 

Total premiums and interest 

earned $ 223,300.33 

Net losses paid during year g 176,779.32 

Decrease in net unpaid losses 10,726.59 

Total net losses incurred $ 166,052.73 

Expenses paid $ 77,828.80 

Increase in unpaid expenses 9,024.56 

Total expenses incurred 86, 853.3C 

Total losses and expenses in- 
curred 252,906.09 

Net loss for year $ 29,605.76 

Additional surplus paid in by 

stockholders 48,000.00 

Increase in surplus for year $ 18,394.24 

Surplus at end of year $ 28,130.56 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 211,179.00 

Gross premiums received 2 406.56 

Re-insurance premiums 1.40 

Losses paid 1.04 

Losses incurred 730.21 

Number of agents working in State during year, 1. 



1903.] Document No. 10. 173 

LAW UNION AND CROWN INSURANCE COMPANY 
OF GREAT BRITAIN. 

Located in U. S. at New York, N. Y. 
Incorporated 1825. Commenced Business in U. S. 1897. 

Hall & HenshaWj U. S. Managers. 



Amount of net or ledger assets December 31,1899 $ 614,435.11 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 55S,707.60 $ 

Deduct re-insurance, rebate, abatement and return 

premiums 175,982.07 



Net cash received for premiums S 382,725.53 



3S2, 725. 53 

Interest and dividends on stocks and bonds 19,990.00 

Interest and dividends from all other sources 114. 29 

Cash from home office 17, 796. 00 



Total income 8 420, 625. 82 



Aggregate last balance and income $ 1, 035, 060. 93 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 306,598.16 $ 

Deduct salvage and re-insurance 51,001.29 



Net cash paid for losses S 255,596.87 $_ 



255, 596. 87 

Commissions or brokerage and allowances to agents 104, 423. 58 

Salaries and fees of officers and employees 6, 877. 54 

Taxes 11,639.27 

Remitted to home office 32, 618. 28 

All other expenditures 8, 531. 65 

Total disbursements during the year $ 419,787.19 

Balance December 31, 1900 S 615,273.74 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of stocks and bonds S 601,797.25 

Cash in company's office 4,991.86 

Cash in bank 8,129.29 

Agents' debit balances 355.:; I ' 



Total net or ledger assets $ 615,273.74 



174 



Document No. 10. 



[Session 



OTHER ASSETS. 

Rents and interest due and accrued $ 3, 513. 63 

Market value of stocks and bonds over book value 32, 182. 75 

Uncollected premiums 42, 335. 46 

Total admitted assets $ 693,305.58 

LIABILITIES. 

Losses adjusted and unpaid $ 8,036.32 

Losses in process of adjustment 44,482.59 

Losses resisted 1,275.00 

Net amount of unpaid losses, less re-insurance $ 53, 779. 96 

Total unearned premiums 226, 174.47 

Return and re-insurance premiums 5, 404. 27 

Total liabilities $ 285,358. 70 

Net surplus 407,946.88 

Total liabilities, including cash capital and net surplus $ 693, 305. 58 



MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 35,778,790.00 $ 358,532.25 

Written during year 50,199,582.00 557,435.23 

Total $ 85, 978, 378. 00 $ 915,967.48 

Deduct those expired and marked off as terminated 40,814,232.0(1 422,865.16 

In force at end of year $ 45,164,146.00 $ 493,102.32 

Deduct amount re-insured 5,354,260.00 54,371.14 

Net amount in force at end of year $ 39,809,S86.00 $ 438,731.18 

Largest amount in any one hazard $ 15,000.00 



Year 

Written. 

In 1900 1 

In 1899 2 

In 1900 2 

In 1898 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1896 5 

In 1897 5 

In 1898 5 

In 1899 5 

In 1900 5 

Totals 



RECAPITULATION OP FIRE RISKS AND PREMIUMS. 

Fraction 

Term. Unearned. 

year or less One-half $ 29,117,912.00 

years One-fourth 

years Three-fourths 

years One-sixth 

years One-half 

years Five-sixths 

years One-eighth 

years Three-eighths 

years Five-eighths 

years Seven-eighths 

years One-tenth 

years Three-tenths 

years One-half 

years Seven-tenths 

years Nine-tenths 



Amount 
Covered. 


Premiums 
Charged. 


Premiums 
Unearned. 


!9, 117,912.00 $ 


307,914.03 $ 153,957.02 


327,693.00 


2,417.28 


604.32 


442,665.00 


5,624.95 


4,218.71 


3,166,237.00 


32,609.57 


5,434.92 


1,427,976.00 


18,950.39 


9,475.19 


2,310,363.00 


36,139.44 


30,116.21 


194,500.00 


L,970.64 


246.33 


384,270.00 


3,964.51 


1,486.69 


283,050.00 


1,813.00 


1,133.12 


228,219.00 


2,066.31 


1,808.02 


163,125.00 


1,834.68 


550.40 


777,752.00 


6,010.32 


3,005.16 


430,676.00 


7,680.41 


5,376.29 


554,848.00 


9,735.65 


8,762.06 



.$ 39, 80! I, S8fi.no 



438,731.18 



226,174.47 



1903.] Document No. 10. 175 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 474,937.11 

Net premiums received during 

year $ 382,725.53 

Decrease in gross uncollected 

premiums - 6,676.64 

Increase in re-insurance fund 57,764.67 64,441.31 

Total net premiums earned S 318,284.22 

Interest, etc., received 8 20,104.29 

Increase in accrued interest, etc.. 17,897.34 

Total interest earned 38,001.63 

Total premiums and interest 

earned 8 35G,285.85 

Net losses paid during year 8 255,596.87 

Increase in net unpaid losses 18,414.01 

Total net losses incurred S 274,010.88 

Expenses paid S 131,572.04 

Increase in unpaid expenses 2,870.88 

Total expenses incurred 134,442.92 

Total losses and expenses in- 
curred 408,453.80 

Net loss for year - 52,167.95 

Remitted to home office during 

year 14,822.28 

Decrease in surplus for year S 66,990.23 

Surplus atend of year S 407,946.88 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written. S 169,195.00 

Re-insurance premiums 2,161.77 

Losses paid 3.13 

Losses incurred 3.13 



176 Document No. 10. [Session 

LION FIRE INSURANCE COMPANY OF 
GREAT BRITAIN. 

Located in U. S. at Hartford, Conn. 
Incorporated 1879. Commenced Business in U. S. 1880. 

James H. Brewster, Manager. 



Cash capital, $560, 069. 

Amount of net or ledger assets December 31, 1899 $ 810, 549. 15 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 825,816.01 $ 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 260,001.93 



Net cash received for premiums $ 565,754.08 $. 



565, 754. 08 
Rents 308.00 

Interest received on mortgages 11, 609. 13 

Interest and dividends on stocks and bonds 14, 654. 66 

Interest and dividends from all other sources 517. 53 

Profit on sale or maturity of ledger assets 3,659.38 

Total income $ 596,502.78 

Aggregate last balance and income $ 1, 407, 051. 93 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 447,823.73 $ 

Deduct salvage and re-insurance 88,377.50 



Net cash paid for losses $ 350,446.23 $- 



359, 446. 23 

Commissions or brokerage and allowances to agents 122,440. 76- 

Salaries and fees of officers and employees 32, 169. 43 

Taxes 23,388.99 

Loss on sales or maturity — ledger assets 76. 78. 

All other expenditures 64,213.00 

Total disbursements during the year $ 601, 735. 19 

Balance December 31, 1900 $ 805,316.74 



1903.] Document No. 10. 177 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 4,500.00 

Loans on mortgages 232,577.50 

Book value of stocks and bonds 468,793.75 

Cash in company's office 145.94 

Cash in bank 71,538.17 

Agents' debit balances 27,877.49 

$ 805, 432. 85 

Deduct agents' credit balances $ 116.11 



116.11 



Total net or ledger assets $ 805,316.74 

OTHER ASSETS. 

Rents and interest due and accrued _____ 12,362.23 

Market value of stocks and bonds over book value 16, 596. 25 

Uncollected premiums 44, 948. 86 

Gross assets $ 879,224.08 

Non-admitted assets — 

Depreciation in book value real estate, etc $ 4,200.00 

Total deductions- 4,200.00 

Total admitted assets $ 875,024.08 

LIABILITIES. 

Losses adjusted and unpaid 8 20,425.90 

Losses in process of adjustment 30,602.10 

Losses resisted 2,100.00 



Net amount of unpaid losses, less re-insurance $ 49, 442. 27 

Total unearned premiums 433,812.47 

Commissions'due agents and brokers 3, 212. 00 

Return and re-insurance premiums 14,898.98 

Total liabilities $ 501,365.72 

Net surplus 373,658.36 

Total liabilities, including cash capital and net surplus $ 875, 024. 08 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Rim;s. Premiums. 

In force at beginning of year $ 88,23%797.00 $ 942,167.85 

Written during year 73,40fi,600.00 825,816.01 

Total $ 161,642,397.00 $ 1,767,983.86 

Deduct those expired and marked off as terminated 68,465,631.00 753,807.07 

In force at end of year $ 93,176,766.00 $ 1,014,176.79 

Deduct amount re-insured 13, 323, 509.hu 158,842.84 

Net amount in force at end of year $ 79,853,257.00 $ 855,333.95 

Largest amount in any one hazard - $ 10,000.00 

12 



178 



Document No. 10. 



[Session 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Year 
Written. 

In 1900 I 

In 189!) 2 

In 1900 2 

In 1898 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1896 5 

In 1897 5 

In 1898 5 

In 1899 5 

In 1900 5 



Fraction 
Term. Unearned. 

year or less One-half 

years One-fourth 

years Three-fourths . 

years One-sixth 

years One-half 

years Five-sixths 

years One-eighth 

years Three-eighths. 

years Five-eighths _. 

years Seven-eighths . 

years One-tenth 

years Three-tenths __ 

years One-half 

years Seven-tenths — 

years Nine-tenths 



Amount 
Covered. 

35,959,129.0(1 $ 
450,335.00 
737,450.00 
10,181, 955. OH- 
IO, 637, 232. 00 
10,480,783.00 
145,724.00 
491,017.00 
442,431.00 
302,542.00 
1,075,049.00 
2,199,227.00 
2,489,770.00 
2,329,74S.OO 
1,930,865.00 



Premiums 
Charged. 

429,522.30 

2,440.79 

5,129.29 

93,524.07 

97,165.59 

94,587.09 

1,053.24 

3,714.38 

3,384.33 

2,129.02 

15,985.66 

25,530.37 

27,550.17 

25,949.19 

27,068.46 



Totals _. $ 79,853,257.00 $ 



855,333.95 $ 



Premiums 
Unearned. 

214,761.15 

610.20 

3,846.96 

45,587.34 

48,582.80 

78,822.58 

131.66 

1,392.89 

2,115.20 

1,862.90 

1,598.56 

7,659.11 

13,775.08 

18,164.43 

24,901.61 

433.812.47 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year- 
Net premiums received during 
year 

Decrease in gross uncollected 
premiums $ 

Decrease in re-insurance fund- 
Total net premiums earned 

Interest, etc., received $ 

Increase in accrued interest, etc., 

Total interest earned 



Total premiums and interest 
earned 

Net losses paid during year $ 

Increase in net unpaid losses 



Total net losses incurred 

Expenses paid ft 

Increase in unpaid expenses 

Total expenses incurred 

Total losses and expenses in- 
curred 

Net gain for year 

Remitted to home office during 
year 

Increase in surplus for year 

Surplus at end of year 



272.50 
16,364.09 



26,859.48 
5,215.02 



359,446.23 
9,662.10 



211,515.79 
1,274.42 



565,754.08 



16,091.59 



581,845.67 



32,074.50 



309,108.33 



212,790.21 



613, 92ii. 17 



581,898.54 



32,021.63 
30,466.55 



1,555. OS 



372,103.28 



373,658.36 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Gross risks written 

Gross premiums received. 

Losses paid 

Losses incurred 



Fire Risks. 

301,868.00 

5,385.83 

2,794.56 

5,939.47 



Number of agents working in State during year, 17. 



1903.] Document No. 10. 179 

LIVERPOOL AND LONDON AND GLOBE INSURANCE 
COMPANY OF GREAT BRITAIN. 

Located in U. S. at New York, N. Y. 

Incorporated 1836. Commenced Business in IT. S. 1848. 

Henry W. Eaton, Resident Manager. George W. Hoyt, Deputy Manager. 



Deposit capital, $200, 000. 

Amount of net or ledger assets December 31, 1899 $ 8, 181, 892. 69 

INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums $ 6,695,2S0.70 $. 

Deduct re-insurance, rebate, abatement and return 

premiums 1,693,292.19 __ 



Net cash received for premiums $ 5,001,988.51 $. 



5, 001, 988. 51 

Deposit premiums received for perpetual risks 8, 015. 20 

Rents 95,595.78 

Interest received on mortgages 138, 046. 40 

Interest received on collateral loans 39. 11 

Interest and dividends on stocks and bonds 83,455.00 

Interest and dividends from all other sources 12, 908. 99 

Received from home office 109,015.91 

From all other sources 1, 987. 71 

Total income $ 5,451,052. 61 

Aggregate last balance and income $ 13, 632, 945. 30 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 3,988,805.43 $ 

Deduct salvage and re-insurance 657,832.38 



Net cash paid for losses $ 3, 331, 013.05 



3, 331, 013. 05 

Deposit premiums returned 14, 199. 13 

Commissions or brokerage and allowances to agents 854, 883. 41 

Salaries and fees of officers and employees 335, 380. 71 

Taxes 179,282.82 

Loss on sales or maturity — ledger assets 10, 297. 05 

Remitted to home office 275, 400. 37 

All other expenditures 334,969.30 

Total disbursements during the year $ 5,335,425.84 

Balance December 31, 1900 $ 8,297,519.46 



]80 Document No. 10. [Session 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 1,859,430.79 

Loans on mortgages 3,194,3.50.00 

Book value of stocks and bonds ! 2,358,520.75 

Cash in company's office 2,444.3G 

Cash in bank 881,541.13 

Bills receivable 2,175.00., „ „, „ „ 

-■ $ 8, 298, 462. 03 

Deduct bills receivable $ 942.57 

942. 57 



Total net or ledger assets 8,297,519.46 

OTHER ASSETS. 

Rents and interest due and accrued 48, 622. 90 

Market value of real estate over book value 51, 817. 21 

Market value of stocks and bonds over book value 386, 649. 25 

Uncollected premiums 861, 855. 94 

All otber 332.66 



Total admitted assets $ 9,646,797.42 



LIABILITIES. 

Losses adjusted and unpaid $ 647.24 

Losses in process of adjustment 521,862.26 

Losses resisted 83,900.00 



Net amount of unpaid losses, less re-insurance $ 511, 074. 09 

Total unearned premiums 3, 771, 409. 96 

Amount reclaimable on perpetual fire risks 317, 486. 15 

Return and re-insurance premiums 232, 842. 33 

All other liabilities 104,599.09 



Total liabilities $ 4,937,411.62 

Total liabilities, including cash capital and net surplus $ 9, 646, 797. 42 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 937,910,567.00 $ 7,796,809.54 

Written during year 757,820,529.00 i;, 874,759. 19 



Total $1,695, 737,091). 00 $ 14,071,028.73 

Deduct those expired and marked off as terminated 702,361,788.00 2,201,644.47 



In force at end of year $ 993,375,308.00 $ 8,469,984.20 

Deduct amount re-insured 129, 518, 270. 00 1,063,607.68 



Net amount in force at end of year $ 863,857,032.00 $ 7,406,370.58 

Largest amount in any one hazard $ 400,000.00 



PERPETUAL RISKS. Amount. Deposits. 

In force at beginning of year $ 10,110,064.00 $ 340,148.66 

Written during yea' 161,038.00 8,242.41 

Total $ 10,272,302.00 $ 348,391.07 

Deduct those marked off as cancelled 356,763.00 14,195.13 

In force at end of year $ 9,915,539.00 $ 334,195.94 

Losses incurred during year $ 3,798.36 

Losses paid during year 4,598.36 

Largest amount in any one hazard 75,000.00 



1903.] Document No. 10. 181 

RECAPITULATION OF FIEE RISKS- AND PREMIUMS. 

Year Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 1900 1 year or less One-half S 307,742,691.00 $ 3,694,313.32 $ 1,847,156.66 

In 1S99 2 years One-fourth 4,620,842.00 37,967.30 9,491.82 

In 19U0 2 years Three-fourths 4,004,747.00 21,276.00 15,957.00 

In 1898 3 years One-sixth 137,665,715.00 851,580.85 141,931.14 

In 1899 3 years One-half 117,557,270.00 738,042.18 369,021.09 

In 1900 3 years Five-sixths 126,200,632.00 950,290.00 791,909.00 

In 1897 4 years One-eighth 2,300,732.00 18,551.02 2,318.88 

In 1898 4 years Three-eighths 2,622,888.00 21,367.98 8,012.97 

In 1899 4 years Five-eighths 2,157,224.00 17,624.07 11,015.05 

In 1900 4 years Seven-eighths 5,567,438.00 23,212.40 20,310.85 

In 1896 5 years One-tenth 17,043,100.00 210,032.25 21,003.22 

In 1897 5 years Three-tenths 15,736,809.00 185,008.79 55,502.63 

In 1898 5 years One-half 19,542,548.00 147,477.51 73,738.75 

In 1899 5 years Seven-tenths 16,895,897.00 180,103.05 126,072.13 

In 1900 5 years Nine-tenths 25,961,319.00 308,013.16 277,211.85 

Over 5 years Various 237,180.00 1,510.70 756.92 

Perpetual 95 per cent 9,915,539.00 334,195.94 317,486.15 

Totals S 873,772,571.00 $ 7,740,572.52 $ 4,088,896.11 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 4,651,277.69 

Net premiums received during 

year S 5,001,988.51 

Increase in gross uncollected 

premiums $ 27,938.21 

'Increase in re-insurance fund __ 238,450.15 210,511.94 



Total net premiums earned $ 4,791,476.57 

Interest, etc., received $ 340,058.19 

Increase in accrued interest, etc., 108,676.79 

Total interest earned 44s, 724. 98 



Total premiums and interest 

earned S 5,240,201.55 

Net losses paid during year $ 3,331,013.05 

Decrease in net unpaid losses — 44,316.49 

Total net losses incurred S 3,286,696.50 

Expenses paid S 1,729,261.02 

Total expenses incurred 1,729,261.02 

Total losses and expenses in- 

curred 5,015,957.58 



Net gain for year $ 224,243.97 

Remitted to home office during 



year. 



166,135. 



Increase in surplus for year S 58,108.11 

Surplus at end of year $ 4,709,385.80 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire- Risks. 

Gross risks written S 3,508,661.00 

Gross premiums received 42,004.56 

Losses paid 18,417.43 

Losses incurred 21,347.43 



182 Document No. 10. [Session 

LONDON ASSURANCE CORPORATION OF 
GREAT BRITAIN. 

Located in IT. S. at New York, N. Y. 

Incorporated 1720. Commenced Business in U. S. in 1872. 

Henry J. B. Kendall, Governor. 
Charles L. Case, Manager in TJ. S. 



Cash capital, $2, 174,133. 75. 

Amount of net or ledger assets December 31, 1899 $ 2, 117, 102. 49 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 1,055,200.71 $ 039,724.27 

Deduct re-insurance, rebate, abatement and return 

premiums 200,575.76 291,218.73 

Net cash received for premiums $ 854,030.95 $ 348,505.54 



1, 203, 136. 49 

Interest and dividends on stocks and bonds 72, 516. 26 

Interest and dividends from all other sources 2, 845. 29 

Profit on sale or maturity of ledger assets 296. 69 

Total income $ 1,278,794.73 

Aggregate last balance and income $ 3, 395, 897. 22 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 589,840.21 $ 389,223.58 

Deduct salvage and re-insurance 73,987.50 195,472.33 



Net cash paid for losses $ 515,852.65 $ 193,751.25 



709, 603. 90 

Remitted to head office 113, 221. 35 

Commissions or brokerage and allowances to agents 201, 781. 67 

Salaries and fees of officers and employees 88, 627. 83 

Taxes 44,579.32 

Loss on sales or maturity — ledger assets 179. 00 

All other expenditures 62,301.68 

Total disbursements during the year $ 1, 220, 294. 75 

Balance December 31, 1900 $ 2,175,602.47 



1903.] Document No. 10. 183 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of stocks and bonds $ 1,926,188.75 

Cash in company's office 1,479.04 

Cash in bank 233,419.87 

Due from other companies for losses 14,514.81 



Total net or ledger assets $ 2, 175,602.47 

OTHER ASSETS. 

Rents and interest due and accrued 5, 889. 59 

Market value of stocks and bonds over book value 64, 785. 00 

Uncollected premiums 168, 681. 81 

Bills receivable 132. 78 



Total admitted assets $ 2,415,091.65 



LIABILITIES. 

Losses adjusted and unpaid $ l'i4,867.00 

Losses in process of adjustment 51,306.00 

Losses resisted 17,700.00 



Net amount of unpaid losses $ 162, 807. 00 

Total unearned premiums : 777, 280. 33 

Amount reclaimable on perpetual fire risks 174. 80 

Salaries, rents, etc., due and accrued 10,500.00 

Return and re-insurance premiums 55, 319. 79 

Total liabilities $ 1,006.081.92 

Net surplus 1,409,009. 73 

Total liabilities, including cash capital and net surplus $ 2, 415, 091. 65 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 172,295,768.00 $ 1,493,803.13 

Written during year 111,334,574.00 1,058,347.00 

Total $ 283,630,342.00 $ 2,552,150.13 

Deduct those expired and marked off as terminated 111,064,615.00 987,918.18 

In force at end of year $ 172,565,727.00 $ 1,564,231.95 

Deduct amount re-insured 9,468,916.00 72,454.13 

Net amount in force at end of year $ 163,096,811.00 $ 1,491,777.82 

Largest amount in any one hazard $ 50,000.00 



Marine and 

Inland. Premiums. 

In force at beginning of year $ 6,563,741.00 $ 45,883.17 

Written during year 101,956,751.00 640,522.34 



Total $ 108,520,492.00 $ 686,405.51 

Deduct those expired and marked off as terminated—' 99,828,852.00 635,137.54 

In force at end of year $ 8,691,640.00 $ 51,207.97 

Deduct amount re-insured 2,385,376.00 15,909.84 

Net amount in force at end of year $ 6,306,264.00 $ 35,358.13 



184 Document No. 10. [Session 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 1900 1 year or less One-half $ 58,430,877.00 $ G10,792.G9 $ 305,396.35 

In 1899 2 years One-fourth 602,621.00 5,428.30 1,357.09 

In 1900 2 years Three-fourths 334,712.00 2,837.22 2,127.92 

In 1898 3 years One-sixth 22,940,633.00 169, 536. 1G 28,256.03 

In 1899 3 years One-half 21,402,209.00 15S,415.29 79,207.65 

In 1900 3 years Five-sixths 21,704,516.00 106,966.55 139,138.78 

In 1897 4 years One-eighth 803,618.00 6,974.93 871.87 

In 1898 4 years Three-eigths 596,126.00 4,310.47 1,616.43 

In 1899 4 years Five-eighths 666,948.00 5,502.11 3,438.82 

In 1900 4 years Seven-eighths 338,497.00 3,393.15 2,969.01 

In 1896 5 years One-tenth 6,225,021.00 70,797.57 7,079.76 

In 1897 5 years Three-tenths 6,692,952.00 73,258.28 21,977.49 

In 1898 5 years One-half 9,313,301.00 74,719.10 37,359.55 

In 1899 5 years Seven-tenths 6,639,355.00 68,294.16 47,805.92 

In 1900 5 years Nine-tenths 6,381,725.00 70,331.53 63,298.38 

Over 5 years Seven-twelfths — 6,500.00 36.25 21.15 

Perpetual 95 per cent. _:. 11,200.00 184.00 174.80 

Totals $163,096,811.00 $ 1,491,777.82 $ 742,097.00 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginningof year $ 1,363,029.26 

Net premiums received during 

year 8 1,203,136.49 

Decrease in gross uncollected 

premiums $ 26,539.83 

Increase in re-insurance fund— 16,533.77 43,073.60 

Total net premiums earned I 1,160,062.89 

Interest, etc., received f 75,361.55 

Increase in accrued interest, etc., 44,302.69 



Total interest earned . 119,664.24 



Total premiums and interest 

earned S 1,279,727.13 

Net losses paid during year $ 709,603.90 

Increase in net unpaid losses „__ 11,739.55 

Total net losses incurred $ 721,343.45 

Expenses paid $ 397,297.50 

Increase in unpaid expenses 1,891.36 

Total expenses incurred 399,181.86 

Total losses and expenses in- 
curred 1.120,525.31 



Net gain for year 8 159.201.82 

Remitted to home office during 

year ■ 113,221.35 

Increase in surplus for year $ 45,980.47 

Surplus at end of year $ 1,409,009.73 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Marine and 

Fire Risks. Inland. 

Gross risks written $ 545.704.00 $ 2,762,762.00 

Gross premiums received : 9,738.43 17,676.92 

Losses paid l.» 5,353.66 9,537.60 

Losses incurred 5,338.66 9,539.60 



1903.] Document No. 10. 185 

LONDON AND LANCASHIRE FIRE INSURANCE COMPANY 

OF GREAT BRITAIN. 

Located in U. S. at New York, N. Y. 

Incorporated 1861. Commenced Business in U. S. in 1879. 

Archibald G. McIlwaine, Jr., Manager. 



Deposit capital, $200,000. 

Amount of net or ledger assets December 31, 1899 $ 2,531,571.02 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 2, 432, 476. 48 $ 

Deduct re-insurance, rebate, abatementand return 

premiums S23,273.25 



Net cash received for premiums S 1,609,203.23 f_ 



1,609,203.23 

Rents 17, 149. 17 

Interest and dividends on stocks and bonds 71,242.56 

Total income $ 1,697,594.96 



Aggregate last balance and income $ 4, 229, 165. 98 

DISBURSEMENTS. • 



Marine and 
Fire. Inland. 



Gross cash paid for losses $ 1,188,921.34 

Deduct salvage and re-insurance 267,271.33 



Net cash paid for losse.« $ 921,650.01 $_ 



921,650.01 

Commissions or brokerage and allowances to agents 298, 187. 34 

Salaries and fees of officers and employees 145,006.09 

Taxes- . 57,293.23 

Loss on sales or maturity — ledger assets 13, 232. 00 

Remitted to head office 404, 620. 15 

All other expenditures 193, 574. 56 

Total disbursements during the year $ 2,033,562.38 

Balance December 31, 1900 $ 2,195,603.60 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned 8 300,000.00 

Book value of stocks and bonds 1,598,277.63 

Cash in company's office 34,95(1.93 

Cash in bank. 68,859.67 

Bills receivable 4,861.97 



Total net or ledger assets $ 2, 195,603.60 



186 Document No. 10. [Session 

OTHER ASSETS. 

Rents and interest due and accrued $ 22, 724. 09 

Market value of stocks and bonds over book value 106, 376. 62 

Uncollected premiums 250, 798. 66 

Re-insurance due on paid losses 971. 66 

Gross assets $ 2,576,474.63 

Non-admitted assets — 

Cash in hands of special agents $ 936. 4t 

Balances due from other companies 999.66 

Total deductions 1,936.07 



Total admitted assets $ 2,574,538.56 



LIABILITIES. 

Losses adjusted and unpaid $ 48,524.13 

Losses in process of adjustment 90,828.55 

Losses resisted 19,009.46 



Net amount of unpaid losses, less re-insurance $ 137, 634. 29 

Total unearned premiums 1, 466, 834. 54 

Return and re-insurance premiums ,29, 159.94 

Total liabilities $ 1,633,628.77 

Net surplus „ 940,909.79 

Total liabilities, including casb capital and net surplus $ 2, 574, 538. 56 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year _• $ 443,647,404.00 $ 3,280,121.63 

Written during year 275,247,277.00 2,445,221.19 



Total $ 718,894,681.00 8 5,725,342.82 

Deduct those expired and marked off as terminated 284,791,203.00 2,344,572.23 



In force at end of year — $ 434,103,478.00 8 3,380,770.59 

Deduct amount re-insured . 46,249,735.00 392,840.30 



Net amount in force at end of year $ 387,853,743.00 $ 2,987,930.29 

Largest amount in any one hazard $ 50,000.00 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year. Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 1900 1 yearorless._One-half $113,441,018.00 $ 1,236,488.33 $ 618,244.17 

In 1901 All 645,141.00 2,853.83 2,853.83 

In 1899 2 years One-fourth 1,728,346.00 12,130.87 3,032.72 

In 1900 2 years Three-fourths 976,842.00 6,031.05 4,523.29 

In 1901 All 12,500.00 30.37 30.37 

In 1898 3 years One-sixth 87,408,781.00 450,550.38 75,092.72 

In 1899 3 years One-half 64,707,627.00 357,777.11 178,888.55 

In 1900 _-___3 years Five-sixths 54,698,608.00 361,070.12 300,896.76 

In 1901 All :__. 761,909.00 2,688.25 2,688.25 

In 1897 4 years One-eighth 729,127.00 6,263.21 782.90 

In 1898 4 years Three-eighths 1,112,719.00 8,673.07 3,252.39 

In 1899 4 years Five-eighths 1,025,109.00 8,049.05 5,030.65 

In 1900 4 years Seven-eighths 837,274.00 6,619.57 5,792.12 

In 1896 5 years One-tenth 10,103,645.00 93,054.91 9,305.49 



1903.] Document No. 10. 187 

In 1897 5 years Three-tenths $ 12,048,911.00 $ 112,625.78 $ 33,787.72 

In 1898 5 years One-half 16,925,272.00 113,767.63 56,883.81 

In 1899 5 years Seven-tenths 10,343,911.00 97,050.04 67,935.02 

In 1900 5 years Nine-tenths 9,399,217.00 104,192.48 93,773.22 

In 1901 All 5,300.00 48.43 48.43 

Over 5 years Prorata 942,486.00 7,953.81 3,992.13 

Totals $387,853,743.00 $ 2,987,930.29 S 1,466,834.54 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year 8 1,079,083.11 

Net premiums received during 

year $ 1,609,203.23 

Increase in gross uncollected 

premiums $ 34,304.88 

Decrease in re-insurance fund ._ 48,981.43 83,286.31 



Total net premiums earned $ 1,692,489.54 

Interest, etc., received $ 74,679.64 

Increase in accrued interest, etc., 38,993.93 



Total interest earned 113,673.57 



Total premiums and interest 

earned $ 1,806,163.11 

Net losses paid during year $ 921,65(1.01 

Decrease in net unpaid losses 23,828.13 

Total net losses incurred $ 897,821.88 

Expenses paid $ 631,788.60 

Increase in unpaid expenses 10,105.80 

Total expenses incurred 641,894.40 

Total losses and expenses in- 
curred 1,539,716.28 



Net gain for year $ 266,446.83 

Remitted to home office during 

year 404,620.15 



Decrease in surplus for year $ 138,173.32 



Surplus at end of year $ 940,909.79 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 1,167,897.00 

Gross premiums received 12,280.38 

Re-insurance premiums 1,390.05 

Losses paid 4,911.16 

Losses incurred 5,219.16 



Number of agents working in State during year, 16. 



188 Document No. 10. [Session 

MAGDEBURG FIRE INSURANCE COMPANY OF GERMANY. 

Located in U. S. at New York, N. Y. 

Incorporated 1S44. Commenced Business in U. S. 1896. 

P. E. Rasor, U. S. Manager. Ad. Dohmeyer, Assistant II. S. Manager. 



Amount of net or ledger assets December 31, 1899 $ 826, 311. 31 



INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums $ 1,102,635.82 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 320,9S7.33 



Net cash received for premiums $ 781,648.43 $_ 



781, 648. 49 

Interest and dividends on stocks and bonds 26, 707. 22 

Remittance from borne office 77,418.75 

Total income $ 885, 774.46 

Aggregate last balance and income $ 1, 712, 085. 77 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 008,440. GO $ 

Deduct salvage and re-insurance 52,964.20 



Net cash paid for losses S 555,476.40 «_ 



555, 476. 40 

Commissions or brokerage and allowances to agents 165, 410. 80 

Salaries and fees of officers and employees 70, 296. 94 

Taxes 29,196.69 

Remittances to home office 596. 13 

All other expenditures 76, 325. 25 

Total disbursements during the year $ 897, 302. 21 

Balance December 31, 1900 $ 814,783.56 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of stocks and bonds $ 770,725.00 

Cash in company's office 708.87 

Cash in bank 157.57 

Cash in hands of trustees 43,192.12 



Total net or ledger assets $ 814, 783. 56 



1903.] Document No. 10. 189 

OTHER ASSETS. 

Rents and interestdue and accrued $ 7, 612. 50 

Market value of stocks and bonds over book value 20,087.50 

Uncollected premiums 86,424.46 

Total admitted assets «_ 928, 908. 02 

LIABILITIES. 

Losses in process of adjustment 8 SI, 479. 85 

Net amount of unpaid losses, less re-insurance ■--$ 71,524.85 

Total unearned premiums 517,043.99 

Total liabilities % 588,568.84 

Net surplus 5^339^18 

Total liabilities, including cash capital and net surplus $ 928, 908. 02 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year S 74,358,065.00 $ 887,75S.98 

Written during year 102,206,682.00 1,091,313.52 

Total 8 176,565,647.00 $ 1,979,072.50 

Deduct those expired and marked off as terminated 81,989,151.00 905,870.23 

In force at end of year S 94,576,496.00 $ 1,073,202.27 

Deduct amount re-insured 9,470,283.00 93,400.51 

Net amount in force at end of year $ 85,106,213.00 $ 979, S01. 76 

Largest amount in any one hazard S 20,000.00 

RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charred. Unearned. 

In 1900 lyearorless One-half S 54,205,938.00 $ 632,530.35 $ 316,265.18 

In 1899 2 years One-fourth 333,992.00 3,188.12 797.03 

In 1900 2 years Three-fourths 1,664,247.00 10,506.27 7,879.70 

In 1898 3 years One-sixth 5,326,071.00 66.452.86 11,075.47 

In 1899 3 years One-half 5,274,532.00 61,501.38 30,750.69 

In 1900 3 years Five-sixths 9,047,693.00 94,928.27 79,106.89 

In 1897 4 years One-eighth 126,650.00 1,406.39 175.80 

In 1898 4 years ^Three-eighths 117,072.00 1,405.37 527.01 

In 1899 4 years Five-eighths 267,761.00 2,784.67 1,740.42 

In 1900 4 years Seven-eighths 585,575.00 6,136.95 5,369.83 

In 1896 5 years One tenth 96,166.00 1,351.62 135.10 

In 1897 5 years Three-tenths 1,583,405.00 18,808.78 5,642.63 

In 1898 5 years One-half 1,826,398.00 22,135.88 11,067.94 

i In 1899 5 years Seven-tenths 1,890,644.00 22,440.63 15,708.44 

In 1900 5 years Nine-tenths 2,760,069.00 34,224.22 30,801.80 



Totals S 85,106,213.00 3 979,801.76 $ 517.043.99 



190 



Document No. 10. 



[Session 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 394,293.15 

Net premiums received during 

year S 781,04S.49 

Decrease in gross uncollected 

premiums $ 11,322.30 

Increase in re-insurance fund— 68,813.82 SO, 136. 12 

Total net premiums earned $ 701,512.37 

Interest, etc., received $ 104,125.97 

Increase in accrued interest, etc., 1,425.00 

Total interest earned 105,550.97 

Total premiums and interest 

earned $ 807,063.34 

Net losses paid during year $ 555,476.40 

Decrease in net unpaid losses 34,724.15 

Total net losses incurred 8 520,752.25 

Expenses paid $ 341,825.81 

Decrease in unpaid expenses 1,560.75 

Total expenses incurred 340,265.06 

Total losses and expenses in- 
curred 861,017.31 

Net loss for year $ 53,953.97 

Decrease in surplus for year 53,953.97 

Surplus at end of year f 340,339. IS 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 474,033.00 

Gross premiums received 5,700.69 

Re-insurance premiums 432.14 

Losses paid 1,417.80 

Losses incurred 1,417.80 

Number of agents working in State during year, 11. 



1903.] Document No. 10. 191 

MANCHESTER ASSURANCE COMPANY OF GREAT 

BRITAIN. 

Located in U. S. at New York, N. Y. 
Incorporated 1824. Commenced Business in U. S. 1890. 

George S. A. Young, U. S. Manager. 



Cash capital, $1, 000,000. 
Amount of net or ledger assets December 31, 1S99 $ 1, 468, 408. 61 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 2,038,019.54 $ 

Deduct re-insurance, rebate, abatement and return 

premiums 650,769.48 



Net cash received for premiums $ 1,387,250.00 



1,387,250.06 

Interest and dividends on stocks and bonds 52, 496. 72 

Profit on sale or maturity of ledger assets 8, 033. 44 

Received from home office 156, 757. 00 

Total income $ 1,604,536.22 

Aggregate last balance and income $ 3, 072, 944. 83 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 



Gross cash paid for losses $ 1,058,123.21 $_ 

Deduct salvage and re-insurance 182,072.04 _. 



Net cash paid for losses $ 876,051.17 8- 



876, 051. 17 

Commissions or brokerage and allowances to agents 283, 502. 36 

Salaries and fees of officers and employees 86, 602. 08 

Taxes 60, 701. 73 

Remittances to home office 146, 903. 53 

All other expenditures 90,228.48 

Total disbursements during the year $ 1, 543,989. 35 

Balance December 31, 1900 $ 1,528,955.48 



192 



Document No. 10. 



[Session 



ASSETS 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 2,900.00 

Book value of stock and bonds 1,368,350.85 

Cash in company's office 21,944.54 

Cash in bank 135,157.66 

Bills receivable 602.43 



Total net or ledger assets $ 1,528,955.48 



OTHER ASSETS. 

Rents and interest due and accrued 

Market value of real estate over book value 

Market value of stocks and bonds over book value 

Uncollected premiums 

All other 



5,054. 17 

412. 14 

32, 529. 15 

223, 318. 82 

5, 222. 18 



Gross assets § 1,795,491.94 

Non-admitted assets — 

Bills receivable, past due S 44S.50 

Premiums more than three months due 928.33 



Total deductions 

Total admitted assets 



1, 376. S3 



1,794,115.11 



LIABILITIES. 



Losses adjusted and unpaid 

Losses in process of adjustment. 
Losses resisted 



S8,244.S5 
98,532.09 

15,203.20 



Net amount of unpaid losses, less re-insurance $ 174, 570. 6S 

Total unearned premiums 1, 935, 248. 25 

Return and re-insurance premiums 32, 602. 73 

Total liabilities $ 1,242, 421. 6t> 

Net surplus-- 551, 693. 45 

Total liabilities, including cash capital and net surplus $ 1, 794, 115. 11 



MISCELLANEOUS. 



RISKS AND PREMIUMS. 



In force at beginning of year. 
Written during year 



Firk Risks. Premiums. 

217,035,991.00 $ 2,327,458.66 

179,879,502.00 2,015,063.14 



Total $ 396,915,493.00 

Deduct those expired and marked off as terminated 175,572,742.00 



4,342,521.80 
1,941,679.44 



In force at end of year. 
Deduct amount re-insured. 



221,342,751.00 $ 2,400,842.36 

27,196,584.00 332,526.19 



Net amount in force at end of year $ 194,146,167.00 $ 2,068,316.17 

Largest amount in any one hazard $ 30,000.00 



1903.] Document No. 10. 193 

RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year Fraction Amount Premiums Premiums 

Written. Term. Unearned. Coverbd. Charged. Unearned. 

In 1900 1 year or less— One-half 3 90,522,615.00 3 1,078,335.60 8 539,167.83 

In 1S99 2 years One-fourth 936,198.00 7.275.17 1,818.79 

Inl900 2years Three-fourths 1,219,893.00 9,741.35 7,306.02 

1111898 Syears One-sixth 24,624,963.00 213,767.13 ,627.85 

In 1899 3 years One-half 22,549,640.00 194,911.82 97,455.91 

In 1900 3 years Five-sixths 24,002,41 214,768.36 178,973.60 

In 1897 4 years One-eighth 736,514.00 6,076.97 759.62 

In 1898 4 years Three-eighths 343,145.00 2.810.51 1,053.94 

In 1899 4 years Five-eighths 652,936.00 !.'■" 2,251.00 

In 1900 4 years Seven-eighths 682,271.00 .28 4,818.00 

In 1896 5 years One-tenth 5,101,085. 64,977.43 : '7.74 

Iu 1897 5 years Three-tenths 6,004,484.00 71,972.51 21,591.74 

In 1898 5 years One-half 6,423,560.00 I 1,928.23 30,964.11 

In 1899 5 years Seven-tenths -4,981,059.00 2,083.66 43,458.56 

In 1900 5 years Nine-tenths 5,365,398.00 70,559.49 63,503.54 

Totals $194,146,167.00 3 2,068,316.17 8 1,035.248.25 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year 8 532,053.66 

Net premiums received during 

year S 1,387,250.06 

Decrease in gross uncollected 

premiums 8 15,109.53 

Increase in re-insurance fund __ 16,029.96 31,199.49 



Total oet premiums earned 8 1,356,050.57 

Interest, etc., received 8 52,496.72 

Increase in accrued interest, etc., 1 ,456.66 



Total interest earned 71,953.38 



Total premiums and interest 

earned 8 1.428,003.95 

Net losses paid during year 3 876,051.17 

Increase in net unpaid losses 32,703.52 

Total net losses incurred 8 18,754.69 

Expenses paid 8 519,204.26 . 

Decrease in unpaid expenses 9,741.32 

Total expenses incurred 509,462.94 

Total losses and expenses in- 
curred 1,418,217.63 



Net gain for year 8 ''■"• 

Received from home office dur- 
ing year 9,853.47 



Increase in surplus for year - 19,63 

Surplus at end of year 8 551,693.45 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risk-. 

Gross risks written 5 

Gross premiums received 11,854 

Losses paid 5,623.69 

Losses incurred 4,666.22 

13 



194 Document No. 10. [Session 

MANHATTAN FIRE INSURANCE COMPANY 
OF NEW YORK. 

Located at New York, N. Y. Incorporated 1869. Commenced Business 1882. 
Daniel Myers, President. James W. Dunrrow, Secretary. 



Cash capital, $500,000. 

Amount of net or ledger assets December 31, 1899 $ 747, 611. 08 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 963,368.53 $ .78,051.68 

Deduct re-insurance, rebate, abatement and return 

premiums 438,903.08 20,117.42 

Net cash received for premiums $ 524,405.45 $ 57,934.26 



582, 339. 71 

Interest and dividends on stocks and bonds 12, 182. 91 

Interest and dividends from all other sources 928. 49 

Profit on sale or maturity of ledger assets 2,763.47 

From all other sources 40,281.45 

Total income $ 638,496.03 

Aggregate last balance and income $ 1, 386, 107. 11 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 56fi,800.88 $ 12,431.39 

Deduct salvage and re-insurance 41,819.08 



Net cash paid for losses $ 224,981.20 $ 12,431.39 



537, 412. 59 

Paid stockholders (interest or dividends) 40,500.00 

Commissions or brokerage and allowances to agents-. 133, 760. 31 

Salaries and fees of officers and employees 44, 677. 46 

Taxes 16,683.93 

All other expenditures 57, 412. 13 

Total disbursements during the year $ 830,446.42 

Balance December 31, 1900 $ 555, 660. 69 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of stocks end bonds ;. $ 503,481.48 

Cash in company's office 3,503.49 

Cash in bank 53,371.83 

Bills receivable 21,213.09 

All other 100.00 



581,669.89 



1903.] 



Document No. 10. 



195 



Deduct borrowed money S 25,000.00 

All other 1,003.20 



Total net or ledger assets 



OTHER ASSETS. 

Rents and interest due and accrued 

Market value of stocks and bonds over book value- 
Uncollected premiums 

Total admitted assets 



¥ 



26, 009. 20 



-$ 555, 660. 69 



2, 067. 71 

29, 856. 02 

216, 830. 31 

804, 414. 73 



LIABILITIES. 

Losses adjusted and unpaid $ 17,123.64 

Losses in process of adjustment 31,684.83 

Losses resisted 7,000.00 



Net amount of unpaid losses, less re-insurance 

Total unearned premiums 

Salaries, rents, etc., due and accrued 

Return and re-insurance premiums 

Total liabilities 

Cash capital 

Net surplus 

Total liabilities, including cash capital and net surplus -- 

MISCELLANEOUS. 

EISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 73,511,414.68 $ 550,571.94 

Written during year 81,316,760.32 1,054,600.57 

Total $ 154,828,175.00 § 1,605,172.51 

Deduct those expired and marked off as terminated 102,834,247.00 1,187,381.31 



-$ 50, 668. 81 

125, 472. 00 

1, 206. 62 

89, 053. 75 

-$ 266, 401. 18 

500, 000. 00 

38, 013. 55 

-f 804, 414. 73 



In force at end of year 3 51,993,928.00 $ 

Deduct amount reinsured . 35,746,358.00 

Net amount in force at end of year $ 

Largest amount in any one hazard $ 15,000.00 



417,791.20 
166,847.20 



16,347,570.00 $ 



250,944.00 



In force at beginning of year $ 

Written during year 



Marine and 

Inland. Premiums. 

4,830,584.00 $ 78,051.68 

4,830,584.00 78,051.68 



Total $ 4,830,584.00 $ 



78,051.68 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Fraction 
Term. Unearned. 
In 1900 1 year or less One-half 



Year 
Writi en. 



Amount 
Covered. 

16,247,570.00 $ 



Premiums 
Charged. 

250,944.00 $ 



Totals „ $ 18,247,570.00 $ 



250,944.00 $ 



Premiums 
Unearned. 

125,472.00 



125,472.00 



196 



Document No. 10. 



[Session 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 74,200.61 

Net premiums received during 

year $ 582,339.71 

Decrease in gross uncollected 

premiums $ 248. 10 

Decrease in re-insurance fund-- 167,357.86 167,109.76 

Total net premiums earned $ 749,449.47 

Interest, etc., received $ 13,111.40 

Increase in accrued interest, etc., 55,717.04 

Total interest earned 68,828.44 

Total premiums and interest 

earned 8 818,277.91 

Net losses paid during year $ 537,412.59 

Increase in net unpaid losses 8,281.55 

Total net losses incurred $ 545,094.14 

Expenses paid S 252,533. S3 

Increase in unpaid expenses 15,743.00 

Total expenses incurred 208,270.83 

Total losses and expenses in- 
curred 813,970.97 

Net gain for year $ 4,306.94 

Dividends to stockholders 40,500.00 

Total dividends incurred for year, 40,500.00 

Decrease in surplus for year S 36,193.06 

Surplus at end of year $ 38,013.55 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 42S,849.0O 

Gross premiums received 9,628.70 

Losses paid 722.88 

Losses incurred 1,022.88 



1903.] Document No. 10. 197 

MOSCOW FIRE INSURANCE COMPANY OF RUSSIA. 

Located in U. S. at Hartford, Conn. 
Incorporated 1858. Commenced Business in U. S. 1900. 

John R. Redfield, II. S. Manager. 



Cash capital, $1, 000, 000. 

Amount of net or ledger assets December 31, 1899 $ 555, 580. 00 

INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums $ 629,108.15 S- 

Deduct re-insurance, rebate, abatement and return 

premiums 7:;, 268. 83 __ 



Net cash received for premiums S 555,839.32 §_ 



555, 839. 32 
Interest and dividends on stocks and bonds 16, 500. 00 



Total income $ 572, 339. 32 

Aggregate last balance and income $ 1, 127, 919. 32 

DISBURSEMENTS. 

MAniNE AND 

Fire. Inland. 
Gross cash paid for losses $ 135,584.15 $ 



Net cash paid for losses 8 135,584.15 $_ 



135, 584. 15 

Commissions or brokerage and allowances to agents 189, 969. 57 

Salaries and fees of officers and employees 850. 00 

Taxes 3,624.47 

Remitted to home office 190, 754. 29 

All other expenditures 1, 428. 02 

Total disbursements during the year $ 522, 210. 50 

Balance December 31, 1900 $ 605,708.82 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of stocks and bonds 555,580.00 

All other 50,128.82 

Total net or ledger assets ' $ 605, 708.82 



198 



Document No. 10. 



[Session 



OTHER ASSETS. 

Rents and interest due and accrued $ 

Uncollected premiums 

Gross assets 

Non-admitted assets — 

Depreciation in book value real estate, etc $ 1,055.00 

Total deductions 



3, 750. 00 
48, 923. 63 

$ 658, 382. 45 



1,055.00 



Total admitted assets $ 657, 327. 45 

LIABILITIES. 



Losses adjusted and unpaid 

Losses in process of adjustment. 



12,484.35 
43,801.95 



Net amount unpaid losses 

Total unearned premiums 

Return and re-insurance premiums 



56, 286. 30 

335, 917. 76 

12, 719. 43 



Total liabilities , $ 404,923.49 

Net surplus 252,403.96 

Total liabilities, including cash capital and net surplas $ 657, 327.45 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

Written during year - $ 79,910,711.00 $ 696,031.78 



Total $ 79,910,711.00 

Deduct those expired and marked off as terminated 11,306,141.00 



09(3,031.78 
106,018.39 



In force at end of year 8 OS, 604, 570. 00 $ 



590,013.39 



Net amount in force at end of year. 
Largest amount in any one hazard 



.$ 08,604,570.00 $ ' 590,013.39 



_$ 15,000.00 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Fraction 
Unearned. 



Amount 
Covered. 



Year 
Written. Term. 

In 1900 1 year or less One-half $ 51,268,230.00 

In 1900 2 years Three-fourths 1,466,607.00 

In 1900 3 years Five-sixths 13,384,069.00 

In 1900 4 years Seven-eighths 257,239.00 

In 1900 5 years Nine-tenths 2,228,425.00 



Premiums 
Charged. 

470,634.94 

8,772.91 

81,898.93 
2,578.20 

20,128.41 



Premiums 
Unearned. 

235,317.47 

0,579.68 

68,249.11 

2,255.93 

23,515.57 



Totals $ 68,604,570.00 



590,013.39 $ 335,917.70 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 

Net premiums received during 

year $ 555,839.32 

Increase in gross uncollected 

premiums $ 54,204.20 

Increase in re-insurance fund— 335,917.76 281,713.56 



555,580.00 



Total net premiums earned 

Interest, etc., received $ 

Increase in accrued interest, etc., 

Total interest earned 



16,500.00 
2,695.00 



274,125.76 



19,195.00 



1903.] Document No. 10. 199 

Total premiums and interest 

earned $ 293,320.70 

Net losses paid during year $ 135,584.15 

Increase in net unpaid losses 56,286.30 

Total net losses incurred $ 191,870.45 

Expenses paid $ 195,S72.00 

Increase in unpaid expenses 18,000.00 

Total expenses incurred 213,872.00 

Total losses and expenses in- 
curred 405,742.51 

Net loss for year $ 112,421.75 

Remitted to home office during 

yaar 190,754.29 

Decrease in surplus for year $ 303,176.04 

Surplus at end of year $ 252, 403. 90 



MUNICH RE-INSURANCE COMPANY OF BAVARIA, 

GERMANY. 

Located in U. S. at New York, N. Y. 

Incorporated 1898. Commenced Business 1898. 

Carl Schreiner, U. S. Manager. 



Deposit capital, $200, 000. 

Amount of net or ledger assets December 31, 1899 $> 848, 699. 51 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 1,827,999.24 $ 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 368,195.82 



Net cash received for premiums .$ 1,459, so:;. 42 $-- 



1, 459, 803. 42 
Interest and dividends on stocks and bonds 26. 216. 03 



Total income $ 1.486,019.45 

Aggregate last balance and income $ 2, 334, 718. 96 



200 Document No. 10. [Session 

DISBURSEMENTS. 



Marine and 
Fire. Inland. 



Gross casli paid for losses 1 692,519.78 $. 

Deduct salvage and re-insurance 7,900.08 

Net cash paid for losses $ 6S4,619.70 $. 



$ 684, 6». 70 

Commissions or brokerage and allowances to agents 506, 697. 22 

Salaries and fees of officers and employees 9, 970. 00 

Taxes 3,320.07 

All other expenditures 10, 464. 22 

Total disbursements during the year $ 1, 215, 071. 21 

Balance December 31, 1900 : $ 1,119,647.75 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of stocks and bonds 3 874,343.75 

Cash in bank 245,304.00 



Total net or ledger assets $ 1, 119, 647. 75 

OTHER ASSETS. 

Rents and interest due and accrued 7, 595. 80 

Market value of stocks and bonds over book value 21, 943. 75 

Uncollected premiums 112, 300. 45 

Total admitted assets $ 1, 261, 487. 75 

LIABILITIES. 

Losses adjusted and unpaid $ 180,713.00 

Net amount of unpaid losses $ 186,713.00 

Total unearned premiums (re-insurance) 815, 219. 10 

Total liabilities $ 1,001,932.10 

Net surplus 259, 555. 65 

Total liabilities, including cash capital and net surplus $ 1, 261, 487. 75 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year ? 47,1.27,394.00 $ 513,831.57 

Written during year 205,909,155.00 1,830,105.39 

Total $ 253,536,549.00 $ 2,343,996.96 

Deduct those expired and marked off as terminated 47,641,150.00 852,875.44 

In force at end of year S 205,895,399.00 $ 1,491,121.52 

Net amount in force at end of year $ 205,895,399.00 $ 1,491,121.52 

Largest amount in any one hazard $ 20,000.00 



1903.] 



Document No. 10. 



201 



RECAPITULATION* OF FIKE RISKS AND PREMIUMS. 



Fraction 
Unearned. 



Term. 

I year or less One-half 8 169,601,716.00 8 

815,114.(111 

2,728,755.00 

351,489.00 

4,385,701.iKi 
17,715,227.(«i 



Year 

Written. 

In 1900 

In 1S99 2 years One-fourth 

In 1900 2 years Three-fourths __ 

In 1898 3 years One-sixth 

In 1899 3 years One-half 

In 1900 3 years Five sixths 

In 1897 4 years One-eighth 

In 1898 4 years Three-eighths 

In 1899 4 years Five-eighths 

In 1900 4 years Seven-eighths 

In 1890 5 years One-tenth 

In 1897 5 years Three-tenths 

In 1898 5 years One-half 

In 1899 5 years Seven-tenths __. 

In 1900 5 years Nine-tenth? 

Totals : 



Amount 
Covered. 



30,209.00 

127,186.00 

738,(11(4. co 



343,664.1 

1,909,103.00 

7,149,231.00 



Premiums 
Charged. 

1,204,184.17 

8,849.53 

19,374.37 

4,269.31 

47,190.01 

125,779.37 



2S5.36 
1,477.56 
5,239.88 



3,183.01 
20,528.90 

50,760.05 



Premiums 
Unearned. 

602,092.08 

2,212.38 

14,530.78 

711.55 

23,595.00 

104,816.14 



$ 1,491,121.52 S 



107.01 

923.48 

4,584.90 



1,591.50 
14,370.23 
45,684.05 



815,219.10 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year- 
Net premiums received during 
year 

Increase in re-insurance fund $ 

Total net premiums earned 

Interest, etc., received $ 

Increase in accrued interest, etc., 



Total interest earned. 



Total premiums and interest 
earned 

Net losses paid during year S 

Increase in net unpaid losses 

Total net losses incurred 

Expenses paid 3 

Total expenses incurred 

Total losses and expenses in- 
curred 



Net loss for year 

Decrease in surplus for year . 

Surplus at end of year _.. 



531,095.75 

26,216.03 

7,595.80 



S 1,802,575.10 
531,095.75 

S 1,271,479.35 



33,811.83 



684,619.70 

139,258.00 



530,451.51 



S 1,305,291. IS 



823,877.70 
530,451.51 



1,354,329.21 

49,038.03 
202,548.78 



462,104.43 



259,535.65 



202 Document No. 10. [Session 

NATIONAL FIRE INSURANCE COMPANY 
OF CONNECTICUT. 

Located at Hartford, Conn. Incorporated 1869. Commenced Business 1871. 
James Nichols, President. B. R. Stillman, Secretary. 



Cash capital, $1,000,000. 

Amount of net or ledger assets December 31, 1899 $ 4, 120, 122. 28 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 3,854,803.16 $ 

Deduct re-insurance, rebate, abatement and return 

premiums 905,304.08 



Net cash received for premiums $ 2,049,558.48 $_ 



2, 949, 558. 48 

Eents 3,026.01 

Interest received on mortgages — 41,961.04 

Interest and dividends on stocks and bonds 146, 361. 78 

Interest and dividends from all other sources 2, 761. 10 

Profit on sale or maturity of ledger assets 1,844.25 

Total income $ 3, 145, 512. 66 



Aggregate last balance and income $ 7, 265, 634. 94 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses f 1,790,024.13 $ 

Deduct salvage and re-insurance 271,139.20 

Net cash paid for losses $ 1,524,884.93 $ 



1,524.884.93 

Paid stockholders (interest or dividends) 120, 000. 00 

Commissions or brokerage and allowances to agents 467, 903. 20 

Salaries and fees of officers and employees 183, 241. 96 

Taxes 94,541.63 

All other expenditures 355, 248. 17 

Total disbursements during the year $ 2, 745, 819. 89 

Balance December 31, 1900 $ 4, 519, 815. 05 



1903.] Document No. 10. 203 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 307,920.98 

Loans on mortgages '. 708,815.00 

Book value of stocks and bonds 2,941,967.63 

Cash in company's office 545.93 

Cash in bank 286,594.15 

Agents' debit balances 213,971.36 

Total net or ledger assets $ 4,519,815.05 

OTHER ASSETS. 

Market value of stocks and bonds over book value 234,013. 37 

Uncollected premiums 204, 096. 96 



Gross assets $ 4,957,925.38 

Non-admitted assets — 

Depreciation in book value real estate, etc $ 36,136.04 



Total deductions 36, 136.04 

Total admitted assets $ 4,921,789.34 

LIABILITIES. 

Losses adjusted and unpaid $ 84,755.86 

Losses in process of adjustment 139,996.22 

Losses resisted 22,737.79 

Net amount of unpaid losses $ 247,489.87 

Total unearned premiums 2,045,419.76 

Eeturn and re-insurance premiums 70,000.00 

All other liabilities 25,000.00 



Total liabilities $ 2,387,909.63 

Cash capital 1,000,000.00 

Net surplus 1,533,879.71 

Total liabilities, including cash capital and net surplus $ 4, 921, 789. 34 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 390,593,438.00 $ 3,904,803.62 

Written during year 380,526.541.00 3,691,385.98 



Total $ 770,819,979.00 $ 7,596,189.60 

Deduct those expired and marked off as terminated 300,568,177.00 2,984,245.16 



In force at end of year $ 470,251,802.00 $ 4,611,944.44 

Deduct amount re-insured 1 68,784,295.00 598,898.22 



Net amount in force at end of year $ 401,467,507.00 $ 4,013,046.22 

Largest amount in any one hazard $ 50,000.00 



204 



Document No. 10. 



[Session 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Year 
Written. 

In 1900 1 

In 1899 2 

In 1900 2 

In 1898 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 4 

III 1899 4 

In 1900 4 

In 1896 5 

In 1897 5 

In 1898 5 

In 1899 5 

In 1900 5 



Fraction 
Term. Unearned. 

year or less One-half 

years One-fourth 

years Three-fourths . 

years One-sixth 

years One-half 

years Five-sixths 

years One-eighth 

years Three-eight lis. 

years Five-eighth s___ 

years Seven-eighths. 

years One-tenth 

years Three-tenths — 

years One-half 

years Seven-tenths __ 

years Nine-tenths 



Amount 
Covered. 

182,460,141.00 

2,074,738.00 

1,777,552.00 

42,303,411.00 

46,848,172.00 

52,241,718.00 

557,946.00 

822,842.00 

785,687.00 

614,912.00 

13,235,030.00 

12,045,289.00 

14,408,815.00 

14,978,026.00 

15,607,228.00 



Premiums 
Charged. 

1,833,464.23 

19,668.10 

12,558.87 

383,517.99 

405,364.21 

462,200.29 

5,309.81 

7,360.98 

5,947.02 

5,455.62 

159,074.17 

144,S74.30 

158,625.66 

103,384.28 

186,240.69 



Totals $ 401,467,507.00 $ 4,013,046.22 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 

Net premiums received during 



year 

Decrease in gross uncollected 

premiums $ 175,174.36 

Increase in re-insurance fund 261,251.74 



Total net premiums earned 

Interest, etc., received 8 

Increase in accrued interest, etc., 

Total interest earned 



194,109.93 
101,209.75 



$ 2,949,558.48 



430,421;. 10 
8 2,513,132.38 



295,319.08 



Total premiums and interest 
earned 

Net losses paid during year $ 1,524,884.93 

Increase in net unpaid losses 36,632.13 

Total net losses incurred 

Expenses paid $ 1,089,300.59 

Decrease in unpaid expenses 23,290.33 



$ 2,808,452.06 



Total expenses incurred. 



$ 1,561,517.06 



1,066,010.26 



Total losses and expenses in- 
curred 



Net gain for year 

Dividends to stockholders 

Total dividends incurred for 
year 

Decrease in surplus for year 

Surplus at end of year 



2,627,527.32 

180,924.74 
120,000.00 

120,000.00 
60,924.74 



Premiums 
Unearned. 

946,732.12 

4,917.02 

9,419.15 

63,919.66 

202,082.10 

385,106.91 

063.73 

2,760.36 

3,716.89 

4,773.67 

15,907.42 

43,462.29 

79,312.83 

114,308.99 

167,010.02 

2,045,419.76 



1,472,954.9 



1,533,879.71 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Gross risks written 

Re-insurance premiums 

Losses paid 

Losses incurred 



Fire Risks. 

; 2,504,058.00 

22,686.01 

S, 558. 52 

8,030.04 



1903.] Document No. 10. 205 

NEW HAMPSHIRE FIRE INSURANCE COMPANY 

OF MANCHESTER. 

Located at Manchester, X. H. Incorporated 1869. Commenced Business 1870. 
Uberto C. Crosby, President. Frank W. Sargeant, Secretary. 



Cash capital, §1,000,000. 
Amount of net or ledger assets December 31, 1899 § 2, 714, 222. 57 

INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums 8 1,769,017.81 §- 

Deduct re-insurance, rebate, abatement and return 

premiums 464,892.03 — 



Net cash received for premiums S 1,304,125.78 $_ 



1,304,125.78 

Eents 16,870.75 

Interest received on mortgages 33, 727. 35 

Interest received on collateral loans 3,002. 78 

Interest and dividends on stocks and bonds 98, 065. 28 

Interest and dividends from all other sources 1, 165. 67 

Profit on sale or maturity of ledger assets 10, 550. 12 

From all other sources 2, 473. 14 

Total income $ 1,469,980.87 

Aggregate last balance and income $ 4, 184, 203. 44 

DISBURSEMENTS. 

Marine and 

Fire. Inland. 

Gross cash paid for losses $ 1,019,888.67 S 

Deduct salvage and re-insurance 190,994.61 



Net cash paid for losses S 828,894.06 $. 



828, 894. 06 

Paid stockholders (interest or dividends) 100, 000. 00 

Commissions or brokerage and allowances to agents 305, 609.^33 

Salaries and fees of officers and employees 65, 143. 78 

Taxes 70,698.65 

All other expenditures 110, 948. 35 

Total disbursements during the year $ 1,471,294.47 

Balance December 31, 1900 $ 2,712,908.97 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 150,417. S3 

Loans on mortgages 585,374.00 

Loans on collaterals 52,755.00 

Book value of stocks and bonds 1,669,382.75 

Cash in company's office 601.75 

Cash in bank 248,377.04 



Total net or ledger assets $ 2, 712, 908. 97 



206 



Document No. 10. 



[Session 



OTHER ASSETS. 

Rents and interest due and accrued $ 7, 888. 45 

Market value of stocks and bonds over book value 502, 547. 25 

Uncollected premiums 143, 681. 60 

Total admitted assets $ 3,367,026.27 

LIABILITIES. 

Losses adjusted and unpaid $ 60,408.04 

Losses in process of adjustment 97,858.00 

Losses resisted 16,520.00 

Net amountof unpaid losses $ 180, 786. 04 

Total unearned premiums 1, 177, 182. 78 

All other liabilities 5,802.42 

Total liabilities $ 1,363,771.24 

Cash capital 1, 000, 000. 00 

Net surplus 1,003,255.03 

Total liabilities, including cash capital and net surplus $ 3, 367, 026. 27 



MISCELLANEOUS. 



RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 178,240,554.00 $ 2,251,530.44 

Written during year 151,157,717.00 1,741,058.38 

Total S 329,404,271.00 $ 3,993,188.82 

Deduct those expired and marked off as terminated 118,180,700.00 1,534,780.50 

In force at end of year $ 211,217,571.00 $ 2,458,408.32 

Deduct amount re-insured 13,519,753.00 151,521.71 

Net amount in force at end of year $ 197,697,818.00 $ 2,306,886.61 



RECAPITULATION OP FIRE RISKS AND PREMIUMS. 



Year 
Written. 

In 1900 1 

Iu 1899 2 

In 1900 2 

In 1898 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1896 t__ 5 

In 1897 5 

In 1898 5 

In 1899 5 

In 1900 5 



Fraction 
Unearned. 



Amount 
Covered. 



Term. 

year or less One-half % 69,043,395.00 

years One-fourth 1,472,045.00 

years Three-fourths 1,103,220.00 

years One-sixth 17,428,407.00 

years One-half 25,611,390.00 

years Five-sixths 24,886,983.00 



years One-eighth 

years Three-eighths 

years Five-eighths . 

years Seven-eighths. 

years One-tenth 

years Three-tent hs._ 

years One-half 

years Seven- tenths 

years Nine-tenths 



1,002,853.00 

1,256,021.00 

1,272,533.00 

1,025,310.00 

9,391,463.00 

9,684,205.00 

11,266,110.00 

11,790,847.00 

11,463,000.00 



Premiums 
Charged. 

896,240.12 

11,652.61 

10,777.30 

236,600.80 

254,045.70 

250,140.19 

9,497.36 

11,647.41 

12,544.41 

10,072.84 

101,091.40 

99,439.11 

131,052.86 

137,198.90 

131,879.60 



Premiums 
Unearned. 

448,123.06 

3,603.15 

8,n82.98 

39,433.47 

127,022.85 

208,450.16 

1,187.17 

4,367.78 

7,840.25 

8,813.74 

10,109.14 

29,831.73 

65,526.43 

96,039.23 

118,691.64 



Totals S 197,697,818.00 $ 2,306,886.61 $ 1,177,182.78 



1903.] Document No. 10. 207 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 972,327.26 

Net premiums received during 

year - $ 1,304,125.78 

Decrease in gross uncollected 

premiums 8 27,359.43 

Increase in re-insurance fund__ 47,404.14 74,703.57 

Total net premiums earned $ 1,229,362.21 

Interest, etc., received $ 139,500.91 

Increase in accrued interest, etc., :i4, 718.00 

Total interest earned 234,218,^1 

Total premiums and interest 

earned $ 1,463,581.12 

Net losses paid during year $ 828,894.06 

Increase in net unpaid losses 23,117.15 

Total net losses incurred $ 852,011.21 

Expenses paid $ 525,480.03 

Decrease in unpaid expenses 44,837.89 

Total expenses incurred , 480,642.14 

Total losses and expenses in- 
curred 1,332,653.35 

Net gain for year $ 130,927.77 

Dividends to stockholders 100,000.00 

Total dividends incurred for 

year 100,000.00 

Increase in surplus for year $ 30,927.77 

Surplus at end of year $ 1,003,255.03 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 218,501.00 

Gross premiums received 3,755.54 

Number of agents working in State during year, 22. 



208 Document No. 10. [Session 

NIAGARA FIRE INSURANCE COMPANY 
OF NEW YORK. 

Located at New York, N. Y. Incorporated 1850. Commenced Business 1850. 
Harold Herrick, President. Geo. W. Dewey, Secretary. 



Cash capital, $500, 000. 

Amount of net or ledger assets December 31, 1899 1 — $ 2, 290, 572. 20 

INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums $ 2,287,845.25 8_ 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 638,023.60 __ 



Net cash received for premiums 8 1,653,821.05 $- 



1, 653, 821. 65 

Interest received on mortgages 21, 048. 88 

Interest and dividends on stocks and bonds 80, 562. 36 

Interest and dividends from all other sources 3, 864. 00 



Total income $ 1,759,296.89 

Aggregate last balance and income $ 4,049,869.09 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses 8 1,326,920.15 8 

Deduct salvage and re-insurance 301,836.00 



Net cash paid for losses 8 1,025,084.15 8- 



1, 025, 084. 15 

Paid stockholders (interest or dividends) 50,000.00 

Commissions or brokerage and allowances to agents 314, 451. 55 

Salaries and fees of officers and employees 156, 581. 60 

Taxes 47,668.11 

Loss on sales or maturity — ledger assets 64, S38. 57 

All other expenditures 182, 467, 36 

Total disbursements during the year $ 1, 840, 991. 34 

Balance December 31, 1900 $ 2,208,877.75 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Loans on mortgages $ 311,375.00 

Book value of stocks and bonds 1,830,006.00 

Cash in company's office 654.28 

Cash in bank 66,848.47 

Total net or ledger assets $ 2,208,877.75 



1903.] 



Document No. 10. 



209 



OTHER ASSETS. 

Rents and interest due and accrued 

Market value of stocks and bonds over book value 
Uncollected premiums 



$ 10,172.88 

440,450.00 

227,390.09 

Gross assets $ 2,886,890.72 

Non-admitted assets — 

Depreciation in book value real estate, etc $ 30,250.00 

Total deductions 30,250.00 



Total admitted assets $ 2,856,640. 72 



LIABILITIES. 

Losses adjusted and unpaid $ 89,614.96 

Losses in process of adjustment 120,305.69 

Losses resisted 13,637.50 



Net amount of unpaid losses, less re-insurance $ 172, 828. 69 

Total unearned premiums 1,354,147.26 

Return and re-insurance premiums 17,829. 56 

Total liabilities $ 1,544,805.51 

Cash capital 500,000.00 

Net surplus 811, 835, 21 

Total liabilities, including cash capital and net surplus $> 2, 856, 640. 71 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fieb Risks. Premiums. 

In force at beginningof year $ 310,610,626.00 $ 2,817,152.87 

Written during year 226,161,265.00 2,318,51 

S 5,135,671.77 
2,073,2li 

S 3,062,451 

430,658. 14 



Total $ 530,771 ,891.00 

Deduct those expired and marked off as terminated 209,311,670.00 



In force at end of year $ _:. j . 221.00 

Deduct amount re-insured As,-: 



Net amount in force at end of year 8 279,237,285.00 8 2,631,798.24 



Year 




Written". 




In 1900 


1 


In 1899 — 


9 


In 1900__ 


2 


In 1898 


3 




•J 






In 1397 .. 


4 


In 1898 . 


4 


In 1899 „ 


4 


In 1900 


4 


In 1896 


5 


In 1897 „ 


5 


In 1898 


5 


In 1899 


5 


In 1900 


5 



Fraction 

Term. Unearned. 

year or less One-half S 

years One-fourth 

years Three-fourths 

years One-sixth 

years One-half 

years Five-sixths 

years One-eighth 

years Three-eighths 

years Five-eighths 

years Seven-eighths 

years One-tenth 

years Three-tenths 

years One-half 

years Seven-tenths 

years Nine-tenths 



I RISKS AND 


PREMIUMS. 




Amount 


Premiums 


Premiums 


Covered. 


Chat 


Unearned. 


96,063,534.00 


$ 1,154,096.68 $ 


577,048.34 


1,228,995.00 


In.;, 1 ■■ 


2.';:>7.22 


1,295,857.00 


11,625.99 


8,719. 1 


44,476,015.00 


311,697.39 


51,949.51 


49,295,985.00 


342,047.70 


171,023.85 


48,952,571.00 


370,7111.-:, 


313,917.71 


432,326.00 


3,627.06 


453.38 


558,360.00 


5.57" 


2,1'- 


556,128.00 


5,814.ii7 


3,631 . - 


766,5 


7,006.07 


o. ; ii 


5,823,023.00 


4.92 


6,496.49 


6,669,645.00 




23, 16 


7,038,593.00 


78,520.61 


39,2i 


7,370,777.nn 


1.20 


1 11.24 


S, 702,94i;. on 




- 1,288.14 



Totals $ 279,237,285.00 

14 



2,031." - 1,354,147.26 



210 Document No. 10. [Session 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 754,407.73 

Net premiums received during 

year $ 1,653,821.65 

Increase in gross uncollected 

premiums $ 26,258.13 

Increase in re-insurance fund__ 86,331.25 60,073.12 

Total net premiums earned $ 1,593,748.53 

Interest, etc., received $ 105,475.24 

Increase in accrued interest, etc., 108,595.91 

Total interest earned 214,071.15 

Total premiums and interest 

earned 8 1,807, 819. OS 

Net losses paid during year $ 1,025,084.15 

Increase in net unpaid losses 10,318.03 

Total net losses incurred $ 1,035,402.18 

Expenses paid $ 664,990.02 

Total expenses incurred 664,990.02 

Total losses and expenses in- 
curred 1,700,392.20 

Net gain for year $ 107,427.48 

Dividends to stockholders 50,000.00 

Total dividends incurred for 

year 50,000.00 

Increase in surplus for year $ 67,427.4S 

Surplus at end of year $ 811,835.21 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written 8 886,767.00 

Gross premiums received 15,184.53 

Re-insurance premiums 1,617.21 

Losses paid 6,114.12 

Losses incurred 6,556.61 



Number of agents working in State during year, 45. 



1903.] Document No. 10. 211 

NORTH BRITISH AND MERCANTILE INSURANCE 
COMPANY OF GREAT BRITAIN. 

Located in U. S. at New York, N. Y. 
Incorporated 1809. , Commenced Business in U. S. 1866. 

E. G. Richards, Manager U. S. Branch. 

J. F. Hastings, Assistant Manager U. S. Branch. 



Amount of net or ledger assets December 31, 1899 % 3, 507, 207. 80 

INCOME. 

Marixe and 
Fire. Inland. 

Gross cash received for premiums 8 3,420,356.93 % 

Deduct re-insurance, rebate, abatement and return 

premiums 743,369.10 



Net cash received for premiums $ 2,07(1,987.83 $- 



2, 676, 987. 83 

Deposit premiums received for perpetual risks 712. 00 

Interest and dividends on stocks and bonds 125, 525. 37 

Profit on sale or maturity of ledger assets 71, 798. 63 

From all other sources 54, 157. 90 

Total income % 2,929,181.73 

Aggregate last balance and income $ 6,436, 389. 53 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 1,845,316.14 % 

Deduct salvage and re-insurance 83,444.10 



Net cash paid for losses $ 1,761*872.04 



1,761,872.04 

Deposit premiums returned 218. 50 

Commissions or brokerage and allowances to agents 490, 880. 15 

Salaries and fees of officers and employees 163, 656. 01 

Taxes 92,598.92 

Remitted to home office 2,122.58 

All other expenditures _- 188, 262. 71 

Total disbursements during the year $ 2,699,610.91 

Balance December 31, 1900 $ 3, 736, 77S. 62 



ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of stocks and bonds g 3,505,43.5.28 

Cash in company's office 28,460.05 

Cash in bank 139,368.43 

Bills receivable 1 000.60 

All other 11,121.41 



$ 3,745,451.77 



212 



Document No. 10. 



[Session 



Deduct agents' credit balances. 



8,673.15 



$ 



8, 673. 15 



Total net or ledger assets $ 3, 736,778.62 

OTHER ASSETS. 

Rents and interest due and accrued 41, 663. 00 

Market value of stocks and bonds over book value 121, 303. 72 

Uncollected premiums 343, 736. 65 



Total admitted assets $ 4,243,481.99 



LIABILITIES. 

Losses adjusted and unpaid $ 107,172.47 

Losses in process of adjustment 188,050.56 

Losses resisted 58,139.10 

Net amount of unpaid losses, less re-insurance $ 317, 402. 45 

Total unearned premiums 2, 010, 650. 06 

Amount reclaimable on perpetual fire risks 5, 313. 51 

Total liabilities $ 2,333,366.02 

Net surplus 1, 910, 115. 97 

Total liabilities, including cash capital and net surplus $ 4, 243, 481. 99 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 411,348,317.00 $ 3,974,022.38 

Written during year 375,618,688.00 3,470,170.35 



Total $ 786,967,005.00 $ 7,451,092.73 

Deduct those expired and marked off as terminated 326,501,658.00 3,153,841.20 



In force at end of year .ft 460,405,347.110 $ 4,297,251.53 

Deduct amount re-insured 41, 760, 429. no 324,"l90.88 



Net amount in force at end of year $' 418,704,918.00 $ 3,973,060.65 

Largest amount in any one hazard $ 121, 000. 00 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Year 

Written 



Fraction 

Unearned. 



Amount 
Covered. 



Term. 

In 1900 1 year or less —One-half $ 169,899,231.00 

In 1899 2 years One-fourth 1,404,583.00 

In 1900 2 years Three-fourths 2,229,325.00 

In 1898 3 years One-sixth 59,788,812.00 

In 1899 3 years One-half 55,829,448.00 

In 1900 3 years Five-sixths 62,192,720.00 

In 1897 4 years One-eighth 935,632.00 

In 1898 4 years Three-eighths 896,192.00 

In 1899 4 years Five-eighths 1,007,166.00 

In 1900 4 years Seven-eighths 767,752.00 

In 1896 5 years One-tenth 9,927,427.00 

In 1897 5 years Three tenths 12,489,172.00 

In 1898 5 years One-half 15,379,728.00 

In 1899 5 years Seven-tenths 12,663,071.00 

In 1900 5 years Nine-tenths 13,234,659.00 

Perpetual 95 per cent 223,470.00 



Premiums 
Charged. 

1,753,845.67 

10,010.05 

16,235.77 

497,632.00 

470,733.26 

514,316.29 

7,992.87 

6,541.18 

8,602.86 

7,218.54 

113,022.67 

136,011.01 

138,607.39 

137,351.04 

154,939.45 

5,903.90 



Premiums 
Unearned. 

876,922.83 

2,502.66 

12,176.83 

82,936.66 

235,366.63 

428,596.91 

999.11 

2,452.95 

5,376.80 

6,316.22 

11,302.26 

40,803.30 

69,303.69 

96,145.70 

139,445.51 

5,313.51 



Totals $ 418,928,388.00 $ 3,978,964.55 $ 2,015,903.57 



1903.] Document No. 10. 213 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 1,791,838.97 

Net premiums received during 

year 8 2,677,481.33 

Increase in gross uncollected 

premiums 3 61,557.53 

Increase in re-insurance fund _- 77,641.65 16,084.12 

Total net premiums earned 8 2,661,397.21 

Interest, etc., received S 125,525.37 

Increase in accrued interest, etc., .9,664.03 

Total interest earned 134,189.40 

Total premiums and interest 

earned 8 2,795,586.61 

Net losses paid during year S 1,761,872.04 

Increase in net unpaid losses 23,757.92 

Total net losses incurred S 1,785,629.96 

Expenses paid $ 927,084.60 

Increase in unpaid expenses 16,630.37 

Total expenses incurred 945,714.97 

Total losses and expenses in- 
curred 2,729,344.93 

Net gain for year 8 66,241.68 

Remitted to home office during 

year 52*035.32 

Increase in surplus for year $ 118,277.00 

Surplus at end of year 8 1,910,115.97 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fike Risks. 

Gross risks written 8 1,287,150.00 

Gross premiums received 15,532.09 

Losses paid 11,496. 55 

Losses incurred 11,012.23 



214 Document No. 10. [Session 

NORTH CAROLINA HOME INSURANCE COMPANY 

OF RALEIGH, N. C. 

Located at Raleigh, N. C. Incorporated 1868. Commenced Business 1869-. 

Pulaski Cowpee, President. Chaeles Root, Secretary. 



Cash capital, $52,390. 
Amount of net or ledger assets December 31, 1899 {not given in statement). 

INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums $ 71,025.59 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 26,497.38 



Net cash received for premiums $ 44,528.21 $_ 



$ 44, 528. 21 

Rents 82.30 

Interest received on mortgages 69. 16 

Interest received on.collateral loans 51. 84 

Interest and dividends on stocks and bonds 3, 010. 95 

From all other sources 8, 218. 89 



Total income $ 55,961.35 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 22,769.37 $ 

Deduct salvage and re-insurance 8,415.75 



Net cash paid for losses $ 14,353.62 $_ 



14, 353. 62 

Paid stockholders (interest or dividends) 72.00 

Commissions or brokerage and allowances to agents 10, 189. 40 

Salaries and fees of officers and employees 5,539.96 

Taxes 1,500.90 

All other expenditures , 7, 179. 61 

Total disbursements during the year f> 38, 835. 49 

Balance December 31, 1900 $ 55,961.35 

ASSETS. 

AS PEE LEDGEE ACCOUNTS. 

Book value of real estate owned $ 2,500.00 

Loans on mortgages 3,014.76 

Loans on collaterals 569.25 

Book value of stocks and bonds 69,750.00 

Cash in bank 14,815.40 

' All other 2,499.25 



Total net or ledger assets $ 93, 148. 66 



1903.] Document No. 10. 215 

OTHER ASSETS. 

Rents and interestdue and accrued $ 657. 18 

Market value of stocks and bonds over book value 15, 190. 42 

Uncollected premiums 12, 216. 83 

Gross assets $ 121,213.09 

Non-admitted assets — 

Furniture and supplies $ 800.00 



Total deductions 800.00 



Total admitted assets $ 120,413.09 

LIABILITIES. 

Losses adjusted and unpaid $ 3,629.19 

Losses in process of adjustment 1,400.00 



Net amount of unpaid losses, less re-insurance $ 3, 272. 80 

Total unearned premiums 7 36,097.26 

Unpaid interest due stockholders 1 68.40 

Salaries, rents, etc., due and accrued 408.11 

Return and re-insurance premiums 2, 555. 10 

Total liabilities $ 42,401.67 

Cash capital 56,086.00 

Net surplus 21,925.42 

Total liabilities, including cash capital and net surplus $ 120,413.09 

MISCELLANEOUS. 

RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year Fraction 

Written. Term. Unearned. 

In 1900 1 year or less One-half 

In 1899 2 years One-fourth 

In 1900 2 years Three-fourths 

In 1898 3 years One-sixth 

In 1899 3 years One-half 

In 1900 3 years Five-sixths 

In 1897 4 years One-eighth 

In 1898 4 years Three-eighths 

In 1899 4 years Five-eighths 

In 1900 4 years Seven-eighths 

In 1890 5 years One tenth 

In 1897 5 years Three-tenths 

In 1898 5 years One-half 

In 1899 5 years Seven-tenths 

In 1900 6 years Nine-tenths 



Amount 


Premiums 


Premiums 


Covered. 


Charged. 


Unearned. 


2,483,773.38 8 


45,754.77 


$ 22,877.38 


14,750.00 


286.11 


71.53 


6,475.00 


233.79 


175.34 


421,948.50 


8,394.68 


1,39:1. Hi 


713,321.25 


13,712.17 


6,856.09 


931,139.06 


16,357.10 


13,630.91 


3,900.00 


95.34 


11.91 


1,150.00 


49.50 


18.57 


250.00 


7.50 


4.69 


3,400.00 


69.55 


60.85 


60,900.00 


1,809.20 


180.94 


64,265.75 


1,677.72 


503.31 


68,940.00 


1,861.47 


930.83 


9,636.00 


3,995.79 


2,797.03 


298,544.00 


5,141.53 


4,627.35 



Totals $ 5,082,392.94 $ 99,446.22 $ 54,145. Nil 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 3,828,483.60 

Gross premiums received 71,025.59 

Losses paid 22,769.37 

Losses incurred 25,712.09 



216 .Document No. 10. [Session 

NORTHERN ASSURANCE COMPANY OF GREAT BRITAIN. 

Located in U. S. at New York, N. Y. 
Incorporated 1836. Commenced Business in 1836. 

H. E. Wilson, Manager. 



Cash capital, $1, 500,000. 

Amount of net or ledger assets December 31, 1S99 $ 2,345,332.86 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 1,695,120.04 $ 

Deduct re-insurance, rebate, abatement and return 

premiums 506,041.30 



Net cash received for premiums $ 1,189,078.74 



1,180,078.74 

Rents 7,000.00 

Interest and dividends on stocks and bonds 79, 450. 00 

Interest and dividends from all other sources 473. 01 

Received from head office during year 27, 956. 71 

Total income $ 1,303,958.46 



Aggregate last balance and income $ 3, 649, 291. 32 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses 8 903,651.66 $ 

Deduct salvage and re-insurance 228,017.98 



Net cash paid for losses $ 675,633.68 8- 



675, 633. 68 

Commissions or brokerage and allowances to agents 190, 242. 18 

Salaries and fees of officers and employees 87, 510. 60 

Taxes 53,705.88 

All other expenditures 267, 942. 50 

Total disbursements during the year $ 1, 275, 034. 84 

Balance December 31, 1900 $ 2,374,256.48 






1903.] Document No. 10. 217 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned 3 115,000.00 

Book value of stocks and bonds 2,162,868.75 

Cash in company's office r 1,872.61 

Cash in bank 105,551.96 

Agents' debit balances 1,397.68 

Bills receivable 3,425.22 



$ 2,390,116.22 

Deduct agents' credit balances 8 74.98 

All other 15,784.76 



15, 858. 74 



Total net or ledger assets 2,374,256.48 

OTHER ASSETS. 

Rents and interest due and accrued 7, 216. 33 

Market value of stocks and bonds over book value 112, 761. 25 

Uncollected premiums 218j 643. 78 

Total admitted assets $ 2,712,877.84 

LIABILITIES. 

Losses adjusted and unpaid 8 46,178.08 

Losses in process of adjustment 86,509.56 

Losses resisted 24,058.50 



Net amount of unpaid losses, less re-insurance $ 150, 635. 47 

Total unearned premiums 1, 021, 688. 09 

Commissions due agents and brokers 24. 80 

Salaries, rents, etc., due and accrued 500.00 

Return and re-insurance premiums 11, 737.82 

All other liabilities 337. 75 



Total liabilities $ 1,184,923.93 

Net surplus 1,527,953.91 

Total liabilities, including cash capital and net surplus $ 2, 712, 877. 84 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 197,773,313.00 $ 1,960,988.13 

Written during year 172,148,246.00 1,711,992.40 



Total $ 369,921,559.00 S 3,672,980.53 

Deduct those expired and marked off as terminated 157,227,510.00 1,556,042.58 

In force at end of year $ 212,694,049.00 $ 2,116,937.95 

Deduct amount re-insured 12,054,059.00 108,779.02 

Net amount in force at end of year § 200,639,990.00 8 2,008,158.93 

Largest amount in any one hazard 8 100,000.00 



218 



Document No. 10. 



[Session 



RECAPITULATION OP FIRE RISKS AND PREMIUMS. 



Year 
Written. 

In 1900 1 

In 1899 2 

In 1900__ 2 

In 1898 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1896 5 

In 1897 5 

In 1898 5 

In 1899 5 

In 1900 5 



Fraction 
Term. Unearned. 

year or less One-half 

years One-fourth 

years Three-fourths 

years One-sixth 

years One- half 

years Five-sixths 

years One-eighth 

years Three-eigths 

years Five-eighths 

years Seven-eighths __. 

years One-tenth 

years Three-tenths 

years One- half 

years Seven-tenths 

years Nine-tenths 



Amount 
Covered. 

94,005,436.00 

386,955.00 

543,118.00 

24,514,833.00 

24,873,946.(10 

25,524,055.00 

219,083.00 

275,69"'. 00 

223,940.00 

101,778.00 

4,754,049.00 

5,089,063.00 

7,781,285.00 

6,014,053.00 

6,332,106.00 



Premiums 
Charged. 

1,022,899.54 

2,069.61 

3,156.65 

199,519.69 

205,656.39 

228,217.89 

2,300.70 

2,854.85 

881.36 

630.34 

57,997.96 

63,715.38 

74,095.94 

65,394.37 

78,768.26 



Premiums 
Unearned. 

511,449.77 

517.40 

2,367.48 

33,253.28 

102,828.19 

190,181.57 

287.58 

1,070.57 

550.85 

551.55 

5,799.79 

19,114.61- 

37,047.97 

45,776.05 

70,891.43 



Totals •_ 1200,639,990.00 $ 2,008,158.93 $ 1,021,688.09 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 1,526,625.42 

Net premiums received during 

year $ 1,189,078.74 

Increase in gross uncollected • 



premiums 

Increase in re-insurance fund 

Total net premiums earned 

Interest, etc., received 

Increase in accrued interest, etc.. 

Total interest earned 



Total premiums and interest 

earned 

Net losses paid during year $ 

Increase in net unpaid losses 

Total net losses incurred 

Expenses paid $ 

Increase in unpaid expenses 

Total expenses incurred 

Total losses and expenses in- 
curred 

Net gain for year 

Remitted to home office during 
year 

Increase in surplus for year 



24,521.00 
72,733.26 



84,869.72 
43,958.27 



075,633.68 
17,346.73 



466,013.58 
5,994.41 



48,212.26 



$ 1,140,866.48 



128,827.99 



$ 1,269,694.47 



692,980.41 



472,007.99 



$ 



1,104,988.40 
104,706.07 

103,377.58 
1,328.49 



Surplus at end of year - $ 1,527,953.91 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Gross risks written 

Gross premiums received . 

Losses paid 

Losses incurred 



Fire Risks. 

1,256,577.00 

10,234.23 

4,893.79 

4,324.92 



1903.] Document Xo. 10. 219 

NORWICH UNION FIRE INSURANCE COMPANY 
OF GREAT BRITAIN. 

Located in U. S. at New York, N. Y. 

Incorporated 1797. Commenced Business in U. S. in 1877. 

J. Montgomery Hare, Resident Manager. 



Cash capital, $660,000. 

Amount of net or ledger assets December 31, 1899 $ 2, 055, 938. 50 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 2,161,230.63 8 

Deduct re-insurance, rebate, abatementand return 

premiums 517.733.66 



Net cash received for premiums $ 1,643,496.97 



1, 643, 496. 97 

Interest received on mortgages 1, 800. 00 

Interest and dividends on stocks and bonds 70, 061. 22 

Profit on sale or maturity of ledger assets 43,634.59 

Total income $ 1,758,992.78 

Aggregate last balance and income $ 3, 814, 931. 28 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 1,196,016.47 $ 

Deduct salvage and re-insurance 141,735.37 



Net cash paid for losses $ 1,054,281.10 



1,054,281.10 

Commissions or brokerage and allowances to agents 319, 644. 69 

Salaries and fees of officers and employees 148, 889. 47 

Taxes .. . 51, 510. 01 

All other expenditures 212,961.01 

Total disbursements during the year $ 1, 787, 286. 28 

Balance December 31, 1900 $ 2,027,645.00 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Loans on mortgages —J $ 40,000.00 

Book value of stocks and bonds 1,812,238.30 

Cash in company's office L,S91.88 

Cash in bank 173,514.82 



Total net or ledger assets $ 2, 027, 645. 00 



220 



Document No. 10. 



[Session 



OTHER ASSETS. 

Rents and interest due and accrued $ 

Market value of stocks and bonds over book value 

Uncollected premiums 

Due from other companies 

Total admitted assets — $ 



LIABILITIES. 



Losses adjusted and unpaid 

Losses in process of adjustment- 
Losses resisted 



67,186.17 
69,899.60 
21,475.00 



Net amount of unpaid losses, less re-insurance $ 

Total unearned premiums 

Salaries, rents, etc., dne and accrued 

Return and re-insurance premiums 

Total liabilities $ 

Net surplus 

Total liabilities, including cash capital and net surplus $ 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. 

In force at beginning of year $ 260,874,490.00 

Written during year 213,128,154.00 



Total $ 474,002,653.00 

Deduct those expired and marked off as terminated 199,982,220.00 

In force at end of year $ 274,02(1,433.00 

Deduct amount re-insured 25,070,585.00 



20, 651. 16 

114,665.45 

187, 502. 83 

1, 755. 34 

2, 352, 219. 78 



144, 272. 36 

1,247,221.04 

16, 632. 52 

11,075.90 

1,419,201.82 
933, 017. 96 

2, 352, 219. 78 



Premiums. 
2,523,041.79 
2,173,900.51 

4,096,942.30 
1,995,482.76 

2, 701, 459. 54 
241,508.54 



Net amount in force at end of year $ 248,943,848.00 $ 2,459,951.00 

Largest amount in any one hazard $ 25,000.00 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Yeah. 




Written. 




In 1900 


1 


In 1899- 


?, 




2 


In 1898- 


3 


In 1899 


Q 


In 1900 


3 


In 1897 


4 


In 1898_ 


4 


In 1899 


4 


In 1900 


4 


In 1896 


5 


In 1897 — 


5 


In 1898 


5 


In 1899 


5 


In 1900. _ 


5 



Fraction Amount 

Term. Unearned. Covered. 

year or less—One-half $ 112,024,373.00 

years One-fourth 1,543,124.00 

years Three-fourths 1,364,660.00 

years One-sixth 33,518,446.00 

years One-half 32,101,476.00 

years Five-sixths 33,497,360.00 

years One-eighth « 534,460.00 

years Three-eighths 719,870.00 

years Five-eighths 966,615.00 

years Seven eighths 662,428.00 

years One-tenth 5,248.182.00 

years Three-tenths 5,855,025.00 

years One-half 7,598,525.00 

years Seven-tenths 6,299,629.00 

years Nine-tenths 7,009,675.00 



Premiums 
Charged. 

1,252,434.03 

8,271.34 

9,507.88 

272,354.05 

262,248.26 

289,340.86 

3,777.02 

5,269.81 

5,981.35 

5,468.55 

56,799.06 

62,571.93 

77,21:;. 80 

68,498.36 

80, 213. SO 



Totals $ 248,943,848.00 $ 2,459,951.00 



Premiums 
Unearned. 

626,217.02 

2,067.84 

7,130.91 

45,392.35 

131,124.13 

241,117.39 

472/13 

1,976.18 

3,738.35 

4,784.98 

5,679.99 

18,771.58 

38,606.91 

47,948.85 

72,192.43 

1,247,221.04 



1903.] DocumentjNo. 10. 221 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year 3 1,000,803.16 

Net premiums received during 

year 8 1,643,496.97 

Increase in gross uncollected 

premiums 8 11,738.26 

Increase in re-insurance fund 58,731.62 46,993.36 

Total net premiums earned $ 1,590,503.61 

Interest, etc., received $ 71,861.22 

Increase in accrued interest, etc., 45, 188. SO 

Total interest earned 117,050.02 

Total premiums and interest 

earned 3 1,713,553.63 

Net losses paid during year § 1,054,281.10 

Decrease in net unpaid losses 12,907.48 

Total net losses incurred 8 1,041,373.62 

Expenses paid 8 628,290.19 

Increase in unpaid expenses 6,960.03 

Total expenses incurred 635,250.22 

Total losses and expenses in- 
curred 1,676,623.84 

Net gain for year 8 36,929.79 

Remitted to home office during 

year 104,714.99 

Decrease in surplus for year 8 67,785.20 

Surplus at end of year 8 933,017.96 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written 8 2,263,533.00 

Gross premiums received 15,113.72 

Losses paid 5,653.21 

Losses incurred 5,616.52 

Number of agents working in State during year, 66. 

t 



222 Document No. 10. [Session 

ORIENT INSURANCE COMPANY OF CONNECTICUT. 

Located at Hartford, Conn. Incorporated 1867. Commenced Business 1872. 
Archibald G. McIlwaine, Jr., President. James Wyper, Secretary. 



Cash capital, $500,000. 
Amount of net or ledger assets December 31, 1899 $ 2, 236, 471. 20 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 1,782,006.71 I 9,598.76 

Deduct re-insurance, rebate, abatement and return 

premiums - 647, 473.92 9,419.56 

Net cash received for premiums $ 1,134,532.79 $ 179.20 



1, 134. 711. 99 

Rents 2, 343. 67 

Interest received on mortgages 11,886.35 

Interest received on collateral loans 28. 34 

Interest and dividends on stocks and bonds 42, 882. 45 

Interest and dividends from all other sources 18, 707. 35 

Profit on sale or maturity of ledger assets 67,457. 23 

From all other sources 3, 351. 53 



Total income $ 1,281,368.91 

Aggregate last balance and income $ 3, 517, 840. 11 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 1,038,438.05 $ 21,102.17 

Deduct salvage and re-insurance 120,281.94 513.62 

Net cash paid for losses $ 918,156.11 $ 20,588.55 



938, 744. 66 

Paid stockholders (interest or dividends) *-- 25, 000. 00 

Commissions or brokerage and allowances to agents 246, 574. 94 

Salaries and fees of officers and employees 87, 051. 78 

Taxes - 42,897.00 

All other expenditures 116, 265. 68 

Total disbursements during the year $ 1, 456, 534. 06 

Balance December 31, 1900 $ 2,061,306.05 

ASSETS 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 118,373.19 

Loans on mortgages 173,675.00 

Book value of stock and bonds 1,718,198.00 

Cash in company's office 5,551.72 

Cash in bank— 49,961.63 

All other 5,000.00 

$ 2,070,759.54 



1903.] Document No. 10. 223 

Deduct borrowed money $ 0, 453.40 

$ 9, 453. 49 



Total net or ledger assets $ 2,061,306.05 

OTHER ASSETS. 

Rents and interest due and accrued 31, 344. 73 

Market value of stocks and bonds over book value 89, 327. 92 

Uncollected premiums 169,655.89 

Due from other companies 3, 367. 75 

Gross assets $ 2,355,002.34 

Non-admitted assets — 

Depreciation in book value of real estate, etc $ 19,312.86 

Total deductions 19,312.86 

Total admitted assets $ 2,335,689.48 

LIABILITIES. 

Losses adjusted and unpaid $ 13,011.77 

Losses in process of adjustment 208,431.76 

Losses resisted 18,852.11 



Net amount of unpaid losses, less re-insurance--- $ 222, 198. 24 

Total unearned premiums 928, 604. 80 

Salaries, rents, etc., due and accrued 2,500.00 

Return and re-insurance premiums 18, 345. 08 

Total liabilities $ 1,171,648.12 

Cash capital 500,000.00 

Net surplus 664,041.36 

Total liabilities, including cash capital and net surplus § 2, 335, 689. 48 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year S 174,075,899.00 $ 2,018,743.75 

Written during year 188,790,718.00 1,882,904.19 

Total $ 362,866,617.00 5 3,901,707.94 

Deduct those expired and marked off as terminated 155,425,077.00 1,858,293.30 

In force at end of year $ 207,441,540.00 $ 2,043,414.64 

Deduct amount re-insured 39,176,133.00 208,548.69 

Net amount in force at end of year $ 168,265,407.00 $ 1,834,865.95 



Marine and 

Inland. Premiums. 

In force at beginning of year $ 762,436.00 $ 23,730.25 

Written during year 266,264.00 8,392.37 

Total $ 1,028,700.00 $ 32,122.62 

Deduct those expired and marked off as terminated- 610,725.00 25,388.75 

In force at end of year $ 417,975.00 $ 6,733.87 

Deduct amount re-insured 417,975.00 6,733.87 



224 



Document No. 10. 



[Session 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Year 

Written. 

In 1900 1 

In 1809 2 

In 1900 2 

In 1898 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1896 5 

In 1897 5 

In 1898 5 

In 1899 5 

In 1900 5 



Fraction 
Term. Unearned. 

year or less One-half 

years One- fourth 

years Three- fourths - 

years One-sixth 

years One-half 

years Five-sixths 

years One-eighth 

years Three- eighths . 

years Five-eighths— 

years Seven-eighths . 

years One-tenth 

years Three-tenths _. 

years One- half 

years Seven-tenths _. 

years Nine- tent lis 



Amount 
Covered. 

73,521,716.00 

392,763.00 

5,265,230.00 

18,703,864.00 

19,608,075.00 

25,639,052.00 

318,571.00 

291,541.00 

195,207.00 

844,322.00 

4,896,993.00 

4,408,970.00 

4,442,817.00 

4,653,291.00 

5,079,995.00 



Premiums 
Charged. 

875,604.08 

1,691.84 

6,597.26 

212,954.10 

210,971.91 

231,175.00 

2,350.87 

2,238.40 

1,882.25 

5,209.87 

56,324.67 

53,691.44 

54,399.35 

58,978.97 

60,792.94 



Premiums 
Unearned. 

437,802.04 

422.96 

4,947.94 

35,492.35 

105,485.96 

192,645.83 

293.86 

839.40 

1,176.41 

4,558.64 

5,632.47 

16,108.33 

27,199.68 

41,285.28 

54,713.65 



Totals $ 168,265,407.00 $ 1,834,865.95 $ 



928,604.80 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year . 
Net premiums receded during 
year jff- 

Increase in gross uncollected 
premiums S 

Decrease v in re-insurance fund 

Total net premiums earned 

Interest, etc., received $ 

Increase in accrued interest, etc., 



Total interest earned. 



Total losses and expenses in- 
curred 



Net loss for year 

Dividends to stockholders. 



Total dividends incurred 
year 

Decrease in surplus for year_ 



for 



09,440.74 
74,536.24 

75,848.16 

35,936.03 



$ 1,134,711.99 



143,976.98 
» 1,278,688.97 



Total premiums and interest- 
earned 

Net losses paid during year $ 938,744.66 

Increase in net unpaid losses— 37;497.31 

Total net losses incurred 

Expenses paid $ 487,770.86 

Decrease iu unpaid expenses 9,611.22 

Total expenses incurred 



110,884.16 



f 1,389,573.16 



976,241.97 



478,159.64 



25,000.00 



1,454,401.61 
64,S28.45 



25,000.00 



89,828.45 
Surplus at end of year $ 



753,869.81 



664,041.36 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 1,247,432.00 

Gross premiums received 15,358.25 

Losses paid 6,366.S4 

Losses incurred 5,289.84 



1903.] Document No. 10. 225 

PACIFIC FIRE INSURANCE COMPANY OF NEW YORK. 

Located at New York, N. Y. Incorporated 1851. Commenced Business 1S51. 

Frank T. Stinson, President. George Jeremiah, Secretary. 

Cash capital, $200, 000. 

Amount of net or ledger assets December 31, 1899 $ 644, 194. 37 

INCOME. 

Marine and 

Fire. Inland. 

Gross cash received for premiums $ 025,173.25 $ 

Deduct re-insurance, rebate, abatement and return 

premiums 224,542.37 



Net cash received for premiums § 400,630.88 $_ 



400, 630. 88 

Rents 253.24 

Interest received on mortgages 10,397. 15 

Interest and dividends on stocks and bonds 14, 113. 97 

Profit on sale or maturity of ledger assets 43, 557. 41 

From all other sources 114. 10 



Total income $ 469, 066. 75 



Aggregate last balance and income $> 1, 113, 261. 12 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 378,78G.29 $ 

Deduct salvage and re-insurance 76,006.90 



Net cash paid for losses $ 302,779.39 $. 



302, 779. 39 

Paid stockholders (interest or dividends) 20, 000. 00 

Commissions or brokerage and allowances to agents 95, 860. 03 

Salaries and fees of officers and employees 42, 136. 83 

Taxes 13,577.77 

All other expenditures 36, 383.09 

Total disbursements during the year $ 509, 737. 11 

Balance December 31, 1900 $ 603, 524. 01 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned 5 9,015.50 

Loans on mortgages 189,600.00 

Book value of stocks and bonds 400,300.00 

Cash in company's office 1,747.32 

Cash in bank 61,861.19 



$ 662, 524. 01 
15 



226 



Document No. 10. 



[Session 



Deduct borrowed money. 



59,000.00 



Total net or ledger assets 

OTHER ASSETS. 

Hents and interest due and accrued 

Market value of stocks and bonds over book value 
Uncollected premiums 

Total admitted assets "— 



$ 59, 000. 00 

.$ 603, 524. 01 

3, 735. 32 
35, 594. 50 
59, 989. 50 

_$ 702, 843. 33 



LIABILITIES. 

Losses adjusted and unpaid 8 24,911.29 

Losses in process of adjustment 39,585.00 

Losses resisted 1,500.00 

Net amount of unpaid losses, less re-insurance $ 

Total unearned premiums 

Unpaid interest 

Salaries, rents, etc., due and accrued 

Return and re-insurance premiums 

Total liabilities $ 

Cash capital 

Net surplus 

Total liabilities, including cash capital and net surplus $ 



MISCELLANEOUS. 

RISKS AND PREMIUMS. 



Fire Risks. 

In force at beginning of year $ 78,725,094.00 

Written during year 61 ,847,417.00 

Total $ 140,572,511.00 

Deduct those marked off as terminated 58,066,774.00 

In force at end of year S 82,505,737.00 

Deduct amount re-insured 15,657,283.00 

Net amount in force at end of year $ 66,848,454.00 

Largest amount in any one hazard S 20,000.00 



41,343.60 

319, 947. 18 

375. 38 

7, 916. 66 

12,117.05 

381 , 699. 87 
200, 000. 00 
121,143.46 

702, 843. 33 



Premiums. 
$ 725,069.52 

619,228.49 



$ 1,314,298.01 
566,112.81 

$ 778,185.20 
141,655.94 

? 636, 529. 2G 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

^ EAR Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

1*1900 1 year or less ...One-half 8 25,708,291.00 $ 290,217.95 $ 145,108.97 

.In 18m 2 years One-fourth 428,257.00 3,009.26 752.32 

tfaWOO 2 years Three-fourths 241,665.00 2,356.90 1,767.67 

InlS9S 3 years One-sixth 11,351,513.00 91,915.23 15,319.20 

la 1899 3 years One-half 11,893,763.00 96,088.88 48,044.44 

In loon 3 years Five-sixths 11,497,595.00 88,379.57 73,049.64 

la 1897 4 years One-eighth 125,106.00 067.50 83.44 

la 1898 4 years Three-eighths 106,624.00 728.92 273.34 

S Q 1899 4 years Five-eighths 252,350.00 1,116.00 097.50 

810 1900 4 years Seven-eighths 108,579.00 986.50 863.19 

SaI896 5 "years One-tenth 433,180.00 5,992.47 599.25 



1903.] Document No. 10. 227 

In 1S97 5 years Three-tenths 8 1,053,300.00 S 12,376.86 $ 3,713.06 

[nl898 5 years One-half 1,503,620.00 16,341.27 8,170.63 

In 1899 5 years Seven-tenths 1,101,602.00 14,061.09 9,842.76 

In 1900 5 years Nine-tenths 983,009.00 12,290.86 11,061.77 

Totals $ 66,848,454.00 $ 636,529.26 $ 319,947.18 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 162,026.28 

Net premiums received during 

year $ 400,630.88 

Decrease in gross uncollected 

premiums $ 6,682.06 

Decrease in re-insurance fund 10,114.48 3,432.42 



Total net premiums earned g 404,063.30 

Interest, etc., received 8 24,566.90 

Increase in accrued interest, etc., 7,739.79 



Total interest earned 32,306.69 



Total premiums and interest 

earned S 436,369.99 

Net losses paid during year 8 302,779.39 

Decrease in net unpaid losses ___ 26,919.57 

Total net losses incurred $ 275,859.82 

Expenses paid 8 186,156.19 

Decrease in unpaid expenses 4,763.20 

Total expenses incurred 181,392.99 

Total losses and expenses in- 
curred 457,252.81 

Net loss for year S 20,882.82 

Dividends to stockholders 20,000.00 



Total dividends incurred for 

year S 20,000.00 

Decrease in surplus for year 40,882.82 



Surplus at end of year $ 121,143.46 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written S 342,606.00 

Gross premiums received 11,316.32 

Losses paid 4,754.44 

Losses incurred 3,815.58 



Number of agents working in State during year, 43. 



228 Document No. 10. [Session 

PALATINE INSURANCE COMPANY (LIMITED) 
OF GREAT BRITAIN. 

Located in U. S. at New York. 

Incorporated 1900. Commenced Business 

A. H. Wray, Manager. 

Cash capital, $500, 000. 

INCOME. 

Received from home office $ 892, 000. 00 

Total income $ 892, 000. 00 

ASSETS. 

AS PER LEDGER ACCOUNTS. 
Book value of stocks and bonds $ 892,000.00 

Total admitted assets $ 892, 000. 00 

LIABILITIES. 

Cash capital 500,000.00 

Net surplus 392,000.00 

Total liabilities, including cash capital and net surplus $ 892, 000. 00 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

None — just entering the State. 



PAMLICO INSURANCE AND BANKING COMPANY 
OF NORTH CAROLINA. 

Located at Tarboro, N. C. 
H. L. Staton, President. Job Cobb, Secretary. 



Cash capital, $33, 960. 

Amount of net or ledger assets December 31, 1899 $ 73, 620. 67 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 12,971.47 $ 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 1,790.37 



Net cash received for premiums $ 11,181.10 $ 

11,181.10 



1903.] 



Document No. 10. 



Rents 

Interest received on mortgages 

Interest and dividends on stocks and bonds - 



Total income 

Aggregate last balance and income 

DISBURSEMENTS. 



Gross cash paid for losses $ 

Net cash paid for losses 8 



Fire. 
6,245.44 $ 



Marine and 
Inland. 



(5,245.44 $_ 



Paid stockholders (interest or dividends) 

Commissions or brokerage and allowances to agents 

Salaries and fees of officers and employees 

Taxes 

All other expenditures 



Total disbursements during the year $ 

Balance December 31, 1900 1 

ASSETS. 



AS PER LEDGER ACCOUNTS. 



Book value of real estate owned. 
Loans on mortgages 

Cash in company's office — ! 

Cash in bank 

Bills receivable 

All other 



8,382.74 

156,795.37 

34,638.62 

10,009.95 

2,035.90 

2,003.79 



Gross assets 

Non-admitted assets — 
Deposits, etc 

Total deductions - 



14(1,641.91 



Total admitted assets $ 



229 

70.00 
6, 197. 93 
1, 735. 73 



19, 184. 76 



.$ 92, 805. 43 



6, 245. 44 
5, 660. 00 
2, 452. 70 
2, 658. 32 
849. 57 
1, 714. 94 



19, 580. 97 



73, 224. 46 



Total net or ledger assets $ 213,866.37 

213, 866. 37 

140, 641. 91 



73, 224. 46 



LIABILITIES. 

Cash capital $ 33,960.00 

Reserve or guarantee fund 79, 240. 00 

Net surplus 39, 264. 46 

Total liabilities, including cash capital and net surplus $ 152, 464. 46 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year 8 532,884.00 $ 

Written during year 549,259.00 

Total 



.$ 1,082,143.00 $. 



230 Document No. 10. [Session 

Deduct those expired and marked off as terminated $ 404,759.0(1 $ 

In force at end of year $ 617,384.00 $ 

Deduct amount re-insured 0,490.00 



Net amount in force at end of year $ 610,894.00 $_ 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written f 549,259.00 

Gross premiums received 12,971.00 

Re-insurance premiums 264.00 

Losses paid 6,245.00 

Losses incurred 6,245.00 



PENNSYLVANIA FIRE INSURANCE COMPANY 
OF PENNSYLVANIA. 

Located at Philadelphia, Pa. Incorporated 1825. Commenced Business 1825. 
K. Dale Benson, President. W. Gardner Crowell, Secretary. 



Cash capital, $400, 000. 
Amount of net or ledger assets December 31, 1899 $ 4,813,927.09 



INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums $ 2,515,604.84 

Deduct re-insurance, rebate, abatement and return 

premiums 596,610.30 

Net cash received for premiums S 1,918,994.54 



1,918,994.54 

Deposit premiums received for perpetual risks 36, 332. 28 

Rents 9,668.43 

Interest received on mortgages 29, 204. 62 

Interest received on collateral loans 10,413.16 

Interest and dividends on stocks and bonds 162, 323. 59 

Interest and dividends from all other sources 1,597.47 

Profit on sale or maturity of ledger assets 18, 650. 00 

From all other sources 1, 061. 28 



Total income $ 2,188,268.37 



Aggregate last balance and income $ 7, 002, 195. 46 






1903.] Document No. 10. 231 

DISBURSEMENTS. 



Marine and 
Fire. Inland. 



Gross cash paid for losses S 1,375,518.85 $_ 

Deduct salvage and re-insurance 124,508.69 _. 



Net cash paid for losses 3 1,251,010.16 



$ 1,251,010.16 

Deposit premiums returned 21, 762. 5-1 

Paid stockholders (interest or dividends) 100,000.00 

Commissions or brokerage and allowances to agents 445, 125. 67 

Salaries and fees of officers and employees 93,598.00 

Taxes 61,910.35- 

Loss on sales or maturity — ledger assets 15, 604.80 

All other expenditures ; 101, 844. 94 

Total disbursements during the year $ 2,090,856.46 

Balance December 31, 1900 $ 4, 911, 339. 00 



ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned S 228,634.34 

Loans on mortgages 735,100.00 

Loans on collaterals 243, 

Book valueof stocks and bonds 3,557,120.14 

Cash in company's office 1,632.91 

Cash in bank 144,051.01 

Bills receivable 1,700. 10 



Total net or ledger assets $ 4,911,339.00 

OTHER ASSETS. 

Rents and interest due and accrued 14, 402. 56 

Market value of real estate over book value 1, 132.33 

Market value of stocks and bonds over book value 122, 954. 88 

Uncollected premiums 285, 093. 7S ' 

Total admitted assets $ 5,334.922.53 



LIABILITIES. 

Losses adjusted and unpaid $ 56,509.80 

Losses in process of adjustment 135,809.22 

Losses resisted 8,600.00 



Net amount of unpaid losses $ 200,919.02 

Total unearned premiums 1, 719, 001. 59 

Amount reclaimable on perpetual fire risks 851, 117. 95 

Total liabilities $ 2,771,038.56 

Cash capital -' 400,000.00 

Net surplus 2, 163,883.97 

Total liabilities, including cash capital and net surplus $ 5, 334, 922. 53 



232 Document No. 10. [Session 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 370,220,236.00 $ 3,204,049.50 

Written during year 232,425,355.00 2,531,808.12 

Total $ 002,645,591.00 $ 5,795,857.62 

Dednr-t those expired and marked off as terminated 213,370,054.00 2,127,854.39 

In force at end of year 8 389,275,537.00 $ 3,668,003.23 

Deduct amount re-insured 45,982,651.00 354,318.59 

Net amount in force at end of year $ 343,292,886.00 $ 3,313,684.64 

Perpetual risks (not included above) 37,482,911.00 933,369.14 

Largest amount in any one hazard S 50,000.00 






RECAPITULATION OF 


FIRE 


RISKS AND 


PREMIUMS. 




Year 1 


Fraction 






Amount 




Premiums 


Premiums 


Written. Term U 


NEARNED. 






Covered. 




Charged. 


Unearned. 


In 1900 __i year or less One 


-half.. . 




. $ 142,600,982.00 


$ 


1,678,113.42 | 


839,056.71 


In 1899 2 years . . One- 


-fourth 






651,259.00 




4,987.60 


1,246.90 


In 1900 _ 2 years Three-fourths 






1,315,465.00 




19,122.82 


7,592.16 


In 1898 3 years— One- 


■sixth 








51,531,603.00 




323,148.64 


53,858.10 


In 1899 3 years One- 


half 






43,140,272.00 




322,188.98 


161,094.49 


In 1900 _. 3 years . _ Five 


-sixths 






44,703,020.00 




397,891.46 


331,576.20 


In 1897 4 years . One- 


■eighth __ 






610,702.00 




5,183.29 


647.91 


In 1898 4 years Three-eighths 






654,393.00 




4,213.48 


1,580.04 


In 1899 _. 4 years .. . Five 


-eighths 






362,767.00 




3,748.63 


2,342.90 


In 1900.. . 4 years Seven-eighths 






511,289.00 




4,730.30 


4,139.01 


In 1896 5 years . _ One- 


■tenth . . 






0,038,757.00 




71,097.70 


7,109.77 


In 1897 .5 years. . Three-tenths . 






9,105,282.00 




88,275.18 


26,482.55 


In 1898 5 years.. .One- 


-half—. . 






10,875,551.00 




96,455.71 


48,227.85 







,_ 


14,445,724.00 




133,136.69 


93,195.68 


In 1900 .. .5 years. _. Nine 








14,788,487.00 




148,331.31 


138,498.18 


1894-1900. 7 years 








202,643.00 




1,958.47 


652.82 


1891-1900. .10 years . . 








1,754,690.00 
37,482,911.00 




20,100.96 
933,369.14 


6 700 32 


Perpetual ... . ... . 95 p< 


sr cent. 

(VND INVEST 


851,117.95 


Totals . . 


. $ 380,775,797.00 


$ 


4,247,053.78 $ 


2,570,119.54 


UNDERWRITING . 


ME 


N'T EXHIBIT 


DURING YEAR. 




Surplus at beginning of year... 












. . $ 


2,181,845.26 


Net premiums received during 
















year .. ._ _ 






$ 


1,933,564.28 








Increase in gross uncollected 
















premiums _ ... $ 


16,203. 
173,873. 


28 

67 




157,670.39 








Increase in reinsurance fund 




Total net premiums earned 






$ 


1,775, 893. S9 






205,816. 


69 












Increase in accrued interest, etc., 


54,107. 


81 




259,924.50 








Total interest earned 








Total premiums and interest 








earned 










8 


2,035,818.39 






1,251,010.16 












Increase in net unpaid losses 


7,704. 


14 


9 


1,258,714.30 








Total net losses incurred _ 








Expenses paid _ $ 


695,065. 


38 




095,065.38 












Total expenses incurred 









1903.] Document No. 10. 233 

Total losses and expenses in- 
curred $ 1,953,779.68 

Net gain for year I 82,038.71 

Dividends to stockholders L00,000.00 

Total dividends incurred for 

year S 100,000.00 

Decrease in surplus for year 17,961.29 

Surplus at end of year S 2,103,883.97 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written S 1,157,557.00 

■Gross premiums received 10,437.31 

Losses paid 13,451.16 

Losses incurred 7,314.83 



PHENIX INSURANCE COMPANY OF NEW YORK. 

Located at Brooklyn, N. Y. Incorporated 1853. Commenced Business 1853. 
George P. Sheldon, President. William A. Wright, Secretary. 



Cash capital, §1, 000, 000. 

Amount of net or ledger assets December 31, 1899 $ 5,401,629.82 

INCOME. 



Fire. 

Gross cash received for premiums $ 4,099,189.96 $. 

Deduct re-insurance, rebate, abatementand return 

premiums 742,210.05 _. 



Marine and 
Inland. 



Net cash received for premiums $ 3,356,979.91 



Rents 

Interest received on mortgages 

Interest received on collateral loans 

Interest and dividends on stocks and bonds 



3, 356, 979. 91 

38, 209. 43 

3, 950. 98 

:;, 726. 40 

127, 153. 02 



Total income $ 3,530,019. 74 



Aggregate last balance and income $ 8, 931, 649. 56 

DISBURSEMENTS. 



m \rine and 
Fire. Inland. 



Gross cash paid for losses S 2,156.152.99 

Deduct salvage anil re-insurance 220,256.57 

Net cash paid for.loaaea S 1,935,886.42 



1, 935, 886. 42 



234 Document No. 10. [Session 

Paid stockholders (interest or dividends) $ 100,000.00 

Commissions or brokerage and allowances to agents 628, 691. 20 

Salaries and fees of officers and employees 319, 535. 39 

Taxes 112,778.24 

Loss on sales or maturity — ledger assets 65, 323. 91 

All other expenditures 355, 271. 17 

Total disbursements during the year $ 3,517,486.33 

Balance December 31, 1900 $ 5,414,163.23 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 401,404.39 

Loans on mortgages 75,600.00 

Loans on collaterals G6, 900.00 

Book value of stocks and bonds 3,831,448.35 

Cash in company's office 2,700.00 

Cash in bank 621,256.39 

Agents' debit balances 416,190.88 

■ — --If) 5, 410, 50b. 01 



Deduct agents' credit balances $ 1,342.78 



1,341.78 



Total net or ledger assets $ 5, 414, 163. 23 

OTHER ASSETS. 

Rents and interest due and accrued 10, 840. 69 

Market value of real estate over book value 141, 595. 61 

Market value of stocks and bonds over book value 226, 876. 65 

Uncollected premiums 29, 167. 24 

Total admitted assets $ 5,822,643.42 



LIABILITIES. 

Losses in process of adjustment $ '220,825.50 

Losses resisted "11,790.00 



Net amount of unpaid losses $ 238,615.50 

Total unearned premiums 3,039,403.97 

Salaries, rents, etc., due and accrued 2, 229.92 

Return and re-insurance premiums 8,614.39 

Total liabilities $ 3,288,863.78 

Cash capital 1,000,000.00 

Net surplus 1, 533, 779. 64 

Total liabilities, including cash capital and net surplus $ 5, 822, 643. 42 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Firk Risks. Premiums. 

In force at beginning of year $ 556,519,631.00 $ 6,193,577.77 

Written during year 373,415,424.00 4,117,627.33 



Total $ 929,935,055.00 $ 10,311,205.10 

Deduct those expired and marked off as terminated 352,830,800.00 3,929,421.39 

In force at end of year $ 577,104,255.00 $ 6,381,783.71 

Deduct amount re-insured 37,170,965.00 357,063.73 

Net amount in force at end of year $ 539,933,290.00 $ 6,024,719.98 

k ■- 



1903.] 



Document No. 10. 235 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 1900 lyearorless One-half 8 165,042,739.00 $ 1,944,434.19 8 972,^17.10 

In 1899 2years One-fourth 1,207,618.00 S, 494. 51 2,123.62 

In 1900 2 years Three-fourths 1, 362,549.00 9,854.26 7,390.68 

In 1898 3 years One-sixth 66,899,265.00 519,855.57 96,642.60 

In 1899 3 years One-half 74,387,584.00 627,471.04 313,735.52 

In 1900 3 years Five-sixths 75,421,640.00 067,462.26 556,218.55 

In 1897 4 years One-eighth 961,684.00 10,531.30 1,316.41 

In 189S 4 years Three-eighths 1,150,319.00 12,993.43 4,872.54 

In 1899 4 years Five-eighths 938,072.00 9,717.21 6,073.25 

In 1900 4 years Seven-eighths 1,152,777.00 10,293.96 9,007.22 

In 1896 5 years One-tenth 27,366,687.00 415,081.23 41,508.12 

In 1897 5 years Three-tenths 28,099, 642. oo 415,297.17 124, 589! 13 

In 1898 5 years One-half 34, 187, 440. oo 460,5(31.38 230,115.69 

In 1899 5 years Seven-tenths 33,597,721.00 470,543.65 329,380.52 

In 1900 5 years Nine-tenths 28,157,553.00 382,458.82 341,213.02 



Totals 8 539,933,290.00 S 6,024,719.98 $ 3,039,403.97 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year 8 1,529,461.38 

Net premiums received during 

year 8 3,356,979.91 

Increase in gross uncollected 

premiums 8 11,318.62 

Increase in re-insurance fund— 102,633.64 91,315.02 



Total net premiums earned 8 3,265,664.89 

Interest, etc., received $ 154,360.83 

Increase in accrued interest, etc., 50,582.45 



Total interest earned 204,943.28 

Total premiums and interest 

earned « 3,470,608.17 

Net losses paid during year 8 1,935,886.42 

Increase in net unpaid losses 29,977.64 



Total net losses incurred S 1,965,864.06 

Expenses paid $ 1,397,597.00 

Increase in unpaid expenses 2,828.85 

Total expenses incurred 1,400,425.85 

Total losses and expenses in- 
curred 3,366,289.91 

Net gain for year S 104,318.26 

Dividends to stockholders 100,000.00 

Total dividends incurred for year, 100,000.00 



Increase in surplus for year 8 4,318,26 



Surplus at end ot year $ 1,533,779.64 



BUSINESS IN NORTH CAROI.IRA DURING THE YEAR. 

Fire Risks. 

Gross risks written 8 1,244,455.00 

Gross premiums received 20,584.85 

Losses paid 4,069.26 

Losses incurred 4,069.26 



Number of agents working in State during year, 48. 



236 Document No. 10. [Session 

PHOENIX FIRE INSURANCE COMPANY OF 
CONNECTICUT. 

Located at Hartford, Conn. Incorporated 1854. Commenced Business 1854. 
D. W. C. Skilton, President. Edward Milligan, Secretary. 



Cash capital, $2, 000, 000. 

Amount of net or ledger assets December 31, 1899 $ 4, 235, 327. 19 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 3,228,428.77 $ 

Deduct re-insurauce, rebate, abatement and re- 
turn premiums 459,281.80 



Net cash received for premiums $ 2,769,140.97 $. 



2, 769, 146. 97 
Rents 20,864.05 

Interest received on mortgages 6, 347. 43 

Interest received on collateral loans 540.00 

Interest and dividends on stocks and bonds 203, 201. 60 

Profit on sale or maturity of ledger assets 4, 889. 93 

Total income $ 3,004,989.98 

Aggregate last balance and income $ 7, 240, 317. 17 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 1,846,781.45 $ 

Deduct salvage and re-insurance 117,321.84 



Net cash paid for losses $ 1,729,459.01 $_ 



1, 729, 459. 61 

Paid stockholders (interest or dividends) 280, 000. 00 

Commissions or brokerage and allowances to agents 516, 420. 00 

Salaries and fees of officers and employees 186,692.34 

Taxes 93, 183. 12 

Loss on sales or maturity — ledger assets 25,477.85 

All other expenditures 290, 889, 44 

Total disbursements during the year $ 3, 122, 122. 36 

Balance December 31, 1900 $ 4, 118, 194. 81 






1903.] Document No. 10. 237 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 468, 670. S6 

Loans on mortgages 84,160.61 

Loans on collaterals 9,000.00 

Book value of stocks and bonds 3,023,589.00 

Cash in company's office 26,728.85 

Cash in bank 245,517.11 

Agents' debit balances 261,072.20 

$ 4,118,747.69 

Deduct agents' credit balances § 552.88 

552. 88 



Total net or ledger assets $ 4, 118, 194.81 

OTHER ASSETS. 

Eents and interest due and accrued 36,985.87 

Market value of real estate over book value 39, 574. 96 

Market value of stocks and bonds over book value 1, 179, 448. 44 

Uncollected premiums 226,680.00 

Gross assets $ 5,600,884.08 

Non-admitted assets — 

Agents' debit balances unsecured $ 17,389.83 



Total deductions . 17, 389. S3 



Total admitted assets $ 5, 583, 494. 25 

LIABILITIES. 

Losses adjusted and unpaid $ 48,756.87 

Losses in process of adjustment 194,199.50 

Losses resisted 16,238.80 



Net amount of unpaid losses, less re-insurance $ 253, 062. 15 

Total unearned premiums 2, 087, 882. 17 

Total liabilities $ 2,340,944.32 

Cash capital 2,000,000.00 

Net surplus 1,242,549.93 

Total liabilities, including cash capital and net surplus f> 5, 583, 494. 25 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year 8 387,052,370.00 $ 4,077,640.59 

Written during year 335, 540, 990. mi 3,228,428.77 



Total $ 722,593,360.00 $ 7,306,069.36 

Deduct those expired and marked off as terminated 311,043,562.00 3,035,840.52 



In force at end of year $ 411,549,798.00 $ 4,270,228.84 

Deduct amount re insured 16,565,761.00 181,106.20 

Net amount in force at end of year $ 394,984,037.00 $ 4,089,122.04 

Largest amount in any one hazard $ 70,000.00 



238 



Document No. 10. 



[Session 



RECAPITULATION OF FIKE RISKS AND PREMIUMS. 



Year 




Written. 




In 1900. 


1 


In 1899 


•_> 


In 1900 


?, 


In 1898 


3 


In 1899 


3 


In 1900. 


3 


In 1897 — 


4 


In 1898— 


4 


In 1899- . 


4 


In 1900 


4 


In 1896 . 


5 


In 1897 .- 


5 


In 1898 


5 


In 1899 


5 


In 1900 . 


_5 



Fraction 
Term. Unearned. 

year or less One-half $ 

years One-fourth 

years Three- fourths 

years One-sixth 

years One-half 

years Five-sixths 

years One-eighth 

years Three-eighths — 

years Five-eighths 

years Seven-eighths 

years One- tenth 

years Three-tenths 

years One-half 

years Seven- tenths 

years Nine- tenths 



Amount 
Covered. 

186,731,106.00 

485,260.00 

835,298.00 

48,021,069.00 

51,595,452.00 

51,538,711.00 

548,232.00 

538,667.00 

649,186.00 

954,272.00 

7,972,199.00 

8,943,557.00 

10,296,381.00 

13,102,987.00 

12,771,660.00 



Premiums 
Charged. 

1,889,894.91 

5,004.17 

6,920.56 

501,404.69 

528,696.08 

536,911.59 

5,392.67 

5,662.45 

6,050.66 

9,536.63 

90,598.00 

100,220.16 

115,296.54 

146,632.89 

140,900.64 



Premiums 
Unearned. 

944,947.46 

1,251.04 

5,190.42 

83,567.45 

264,348.04 

447,426.33 

074.08 

2,123.42 

3,781.66 

8,344.55 

9,059.80 

30,066.(15 

57,648.27 

102,643.02 

126,810.58 



Totals $ 394,984,037.00 8 4,089,122.64 $ 2,087,882.17 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year $ 

Net premiums received during 

year 

Increase in gross uncollected 

premiums $ 17,993.75 

Increase in re-insurance fund 58,306.64 



8 2,769,146.97 



40,312.89 



Total net premiums earned 

Interest, etc., received $ 

Increase in accrued interest, etc., 

Total interest earned 



221,898.49 
141,994.01 



$ 2,728,834.08 



3"63,892.50 



Total premiums and interest 

earned 

Net losses paid during year 8 1,729,459.61 

Decrease in net unpaid losses 18,134.44 



Total net losses incurred 

Expenses paid 

Increase in unpaid expenses 

Total expenses incurred 



1,078,130.31 
3,598.75 



Total losses and expenses in- 
curred 



Net gain for year 

Dividends to stockholders 

Total dividends incurred for year, 

Increase in surplus for year 

Surplus at end of year 



$ 3,092,726.58 



8 1,711,325.17 



1,081,729.06 



2,793,054.23 

299,672.35 
280,000.00 
280,000.00 

19,672.35 



1,222,877.58 



$ 1,242,549.93 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Gross risks written 

Gross premiums received. 
Losses paid 

Losses incurred 



Fire Risks. 

1,220,720.00 

19,074.39 

8,943.36 

8,704.68 



Number of agents working in State during year, 64. 



1903.] 



Document No. 10. 



239 



PIEDMONT FIRE INSURANCE COMPANY 
OF NORTH CAROLINA. 

Located at Charlotte, N. C. Incorporated 1895. Commenced Business 1895. 
Henry M McAden, President. A. H. Harris, Secretary. 



Cash capital, §50,000. 
Amount of net or ledger assets December 31, 1899 § 

INCOME. 



Fire. 

Gross cash received for premium? $ 38,829.53 $■ 

Deduct re-insurance, rebate, abatement and return 

premiums 13,481.31 _ 

Net cash received for premiums S 25,348.22 $_ 



Marine and 
Inland. 



Eents 

Interest received on mortgages 

From all other sources 

Total income § 

Aggregate last balance and income $ 

DISBURSEMENTS. 



Fire. 



Marine and 
Inland. 



Gross cash paid for losses S 38,587.61 8- 

Deduct salvage and re-insurance 20,488.02 _. 

Net rash paid for losses 8 18,099.59 8- 



Salaries and fees of officers and employees 
Taxes , 



All other expenditures 

Total disbursements during the year $ 

Balance December 31, 1900 $ 

ASSETS. 

AS PER LEDGER ACCOUNTS. 
Book value of real estate owned I 



Cash in company's office. 

Cash in bank 

Bills receivable 

All other 



60,00li.(in 

480.21 

1,775.08 

12.72 

1,570.63 



Total net or ledger assets $ 

OTHER ASSETS. 

Rents and interest due and accrued 

Uncollected premiums 

Gross assets $ 



60, 877. 80 



25, 348. 22 

5, 159. 93 

16.15 

713. 57 



31,237.57 



92,115.67 



IS, 099. 59 

5, 068. 73 
1,496.46 

6, 795. 33 



31,460.11 



60, 655. 56 



63, 838. 64 

172.43 
S, 085. 81 



72, 096. 88 



240 



Document No. 10. 



[Session 



Non-admitted assets — 

Furniture and supplies 



1,148.20 



Total deductions $ 

Total admitted assets $ 

LIABILITIES. 

$ 1,362.21 

1,896.83 

750.00 



1,148.20 



70, 094. 68 



Losses adjusted and unpaid 

Losses in process of adjustment- 
Losses resisted 



Net amount of unpaid losses, less re-insurance $ 2,901. 17 

Total unearned premiums 15,894.36- 

Return and re-insurance premiums 647. 20 

Total liabilities $ 19,442. 73 

Cash capital 50,000.00 

Net surplus 1,505. 95 

Total liabilities, including cash capital and net surplus $ 70, 948. 68 



MISCELLANEOUS. 



RISKS AND PREMIUMS. 



Fire Risks. 



In force at beginning of year- 
Written during year 



Premiums. 
« 28,000.00- 

56,731.19 



Total 8- 

Deduct those expired and marked off as terminated — 



84,731.19 
36,592.33 



In force at end of year- 
Deduct amount re-insured- 



48,138.86 
17,987.1,11 



Net amount in force at end of year- 
Largest amount in any one hazard 



30,151.20 



2,500.00 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Year 

Written. 



Fraction 

Unearned. 



Term. 

In 1900 __1 year or less One-half — 

In 1898 3 years One-sixth _-- 

In 1899 3 years One-half 

In 1900 3 years Five-sixths _ 

In 1896 5 years One-tenth __. 

In 1897 5 years Three-tenths 

In 1S98 5 years One-half 

In 1899 5 years Seven-tenths 

In 1900 5 years Nine- tenths _. 



Amount 
Covered. 



Premiums 


P 


REMI 


UMS 


Charged. 


U. 


NEARNED. 


18,106.75 $ 




9 


,053.37 


2,195.95 






366.00 


3,460.50 




1 


,733.28 


4,530.74 




3 


,781.00 


285.30 






28.50 


348.94 






104.67 


489.34 






21-1.07 


331.23 






231.84 


390.45 






351.36 



Totals $. 



30,151.26 $ 



15,894.69 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Gross premiums received. 
Re-insurance premiums .. 

Losses paid 

Losses incurred 



Fire Risks. 

41,822.82 
17,987.59 

18,022.10 
17,405.12 



Number of agents working in State during year, 95. 



1903.] Document No. 10. 241 

PRUSSIAN NATIONAL INSURANCE COMPANY. 

Located in U. S. at Chicago, 111. 
Incorporated 1845. Commenced Business in U. S. 1891. 

Tiieo. W. Letton, U. S. Manager. 



Amount of net or ledger assets December 31, 1899 $ 627, 532. 74 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums g 634,650.88 8 2,921.69 

Deduct re-insurance, rebate, abatement and return 

premiums 200,806.28 

Net cash received for premiums g 133,844.1 - 2,921.69 



436, 766. 29 
Rents 60. 00 

Interest and dividends on stocks and bonds 23, 193. 96 

Profit on sale or maturity of ledger assets 862. 50 

Received from home office 72, 2S1. 25 

From all other sources 1, 598. 56 



Total income $ 534.762.56 



Aggregate last balance and income $ 1. 162, 295. 30 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses S - 1,221.32 

Deduct salvage and re-insurance ,071.24 



Net cash paid for losses S 291,71 . 1,221.32 



292,941.28 

Remitted to home office 4S, 568. 49 

Commissions or brokerage and allowances to agents 98, 886. 26 

Salaries and fees of officers and employees 35, 495. 19 

Taxes--.: 19, 036. 35 

Loss on sales or maturity — ledger assets 31. 62 

All other expenditures 37, 662. 86 

Total disbursements during the year 532, 622. 05 

Balance December 31, 1900 -f 629,673.25 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned g 800.no 

Book value of stocks and bonds 544, 

Cash in company's office 

Cash in bank 90,61 



16 



7.45 



242 



Document No. 10. 



[Session 



Deduct agents' credit balances ft 6,904.20 

Total net or ledger assets 



$ 



LIABILITIES. 



Losses adjusted and unpaid 

Losses in process of adjustment. 
Losses resisted 



24,752.50 

28,424.00 

4,350.00 



Net amount of unpaid losses, less re-insurance $ 

Total unearned premiums 

Salaries, rents, etc., due and accrued 

Return and re-insurance premiums 

Total liabilities $ 

Net surplus 

Total liabilities, including cash capital and net surplus $ 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. 

In force at beginning of year $ 00,835,667.00 

Written during year 56,466,585.00 

T 0ta l $ 117,302,252.00 

Deduct those expired and marked off as terminated 47,570,608.00 



69,722,644.00 
10,648,366.00 



In force at end of year 

Deduct amount re-insured 

Net amount in force at end of year $ 59,074,278.00 

Largest amount in any one hazard $ 20,000.00 



In force at beginning of year. 
Written during year 



Total 

Deduct those expired and marked oft as terminated. 



Marine and 
Inland. 

6,060.00 

696,771.00 

702,831.00 
702,831.00 



9, 964. 20 



$ 629,673.25 

OTHER ASSETS. 

Rents and interest due and accrued 1, 587. 50 

Market value of stocks and bonds over book value 34, 306. 07 

Uncollected premiums 77, 394. 42 

Allother 1,204.85 

Total admitted assets $ 744,166.09 



44, 497. 97 

358,101.97 

1, 932. 69 

302. 14 

404, 834. 77 
339,331.32 



744, 166. 09 



Premiums. 

$ 741, 003. 68 

053,241.65 

$ 1,394,935.33 
572,648.81 

$ S22.286.52 

12(1,675.85 

$ 701,610.07 



Premiums. 
$ 29.30 

2,921.09 

$ 2,950.99 

2,950.99 



Year 
Written. 

In 1900—. 

In 1899— 
In 1900— 
In 1898— 

In 1899 

In 1900— 
In 1897— 



RECAPITULATION* OF FIRE RISKS AND PREMIUMS. 

Fraction Amount Premiums 

Term. Unearned. Covered. Charged. 

.lyearorless. One-half $ 27,121,962.00 $ 327,729.27 

_2 years One-fourth 67,518.00 545.54 

.2 years Three-fourths 80,861.00 881.26 

.3 years One-sixth 7,8S4,999.00 91,678.39 

.3 years One-half 8,141,787.00 90,121.52 

.3 years Five-sixths 8,881,014.00 98,184.96 

.4 years One-eighth 189,081.00 1,459.31 



Premiums 
Unearned. 

163,864.03 

136.38 

660.94 

15,279.73 

45,060.70 

81,820.79 

182.41 



1903.] Document No. 10. 243 

In 1898 4 year? Three-eighths S 202,757.00 ? 1,694.95 8 635.61 

In 1899 4 years Five-eighths 26S,7SO.O0 2,257.76 1,411.10 

In 1900 4 years Seven-eighths 203,358.00 1,621.33 1,418.66 

In 1896 5 years One-tenth 726,718.00 10,978.60 1,097.86 

In 1S97 5 years Three-tenths 1,162,573.00 16,104.71 4,831.41 

In 1898 5 years One-half 1,090,663.00 16,041.58 8,020.79 

In 1899 5 years Seven-tenths 1,590,960.00 21,997.26 15,398.08 

In 1900 5 years Nine-tenths 1,461.247.00 20,314.24 18,282.82 



Totals S 59,074,278.00 $ 701,610.67 8 358,101.97 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year S 117,578.92 

Net premiums received during 

year 8 436,766.29 

Increase in gross uncollected 

premiums 8 17,470.77 

Increase in re-insurance fund 14,404.49 3,066.28 



Total net premiums earned 8 439,832.57 

Interest, etc., received $ 23,182.86 

Increase in accrued interest, etc., 7, 1171. 21 



Total interest earned 30,254.07 



Total premiums and interest 

earned 8 470,086.64 

Net losses paid during year $ 292, 941. 28 

Decrease in net unpaid losses 12,699.03 



Total net losses incurred $ 280,242.25 

Expenses paid $ 190,793.01 

Increase in unpaid expenses 1,011.74 

Total expenses incurred 191. 804.75 

Total losses and expenses in- 
curred 472,047.00 

Net loss for year 8 1,960.36 

Remitted to home office during 

year 23,712.76 

Total dividends incurred for 

year 8 23,712.76 



Increase in surplus for year 8 21,752.40 



Surplus at end of year 8 139,331.32 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written 8 80,700.00 

Gross premiums received , 1,173.96 



244 



Document No. 10. 



[Session 



QUEEN INSURANCE COMPANY OF AMERICA OF 

NEW YORK. 

Located at New York, N. Y. Incorporated 1891. Commenced Business 1891. 
Edward F. Beddall, President. Nevett S. Bartow, Secretary. 



Cash capital, $500,000. 

Amount of net or ledger assets December 31, 1899 $> 4, 293, 239. 21 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 2,679,477.33 $ 

Deduct re-insurance, rebate, abatement and return 

premiums 727,590.69 



Net cash received for premiums $ 1,951,886.64 $- 



1, 951, 886. 64 

52,704.19 

128,706.55 

3,569.34 

38,119.16 

619.53 

Total income $ 2, 175,605.41 

Aggregate last balance and income $ 6,468,844.62 

DISBURSEMENTS. 



Rents 

Interest and dividends on stocks and bonds— 
Interest and dividends from all other sources- 
Profit on sale or maturity of ledger assets 

From all other sources 



Gross cash paid for losses 

Deduct salvage and re-insurance. 



Marine and 
Fire. Inland. 

..$ 1,550,985.09 $ 

287,336.30 



Net cash paid for losses $ 1,263,648.79 



Paid stockholders (interest or dividends) 

Commissions or brokerage and allowances to agents 

Salaries and fees of officers and employees 

Taxes 

All other expenditures 

Total disbursements during the year 

Balance December 31, 1900 



1,263,648.79 
100, 000. 00 
328, 631. 40 
168, 965. 84 
73, 876. 29 
183, 443. 67 

-$ 2,116,565.99 

-$ 4, 352, 278. 63 



ASSETS. 



AS PER LEDGER ACCOUNTS. 



Book value of real estate owned. 
Book value of stocks and bonds.. 

Cash in company's office 

Cash in bank 



720,164.73 

3,424,316.72 

5,443.35 

202,353.83 



Total net or ledger assets $ 4, 352, 278. 63 



1903.] 



Document No. 10. 



245 



OTHER ASSETS. 

Rents and interest due and accrued $ 47, 115. 67 

Uncollected premiums 265,463. 76 

Due from other companies 848. 66 

Total admitted assets $ 4,665,706.72 



LIABILITIES. 

Losses adjusted and unpaid S 82,691.17 

Losses in process of adjustment 97,258.82 

Losses resisted 35,880.18 



Net amount of unpaid losses, less re-insurance $ 

Total unearned premiums 

Salaries, rents, etc., due and accrued 

Return and re-insurance premiums 

All other liabilities 



183, 590. 84 

1, 577, 485. 57 

35, 117. 96 

19, 668. 96 

619. 53 



Total liabilities $ 

Cash capital 

Net surplus 

Total liabilities, including cash capital and net surplus --. 

MISCELLANEOUS. 

RISKS AXD PREMIUMS. 

Fiee Risks. 

In force at beginning of year 8 327,091,647.00 

Written during year 247,826,193.00 



Total $ 574,917,840.00 

Deduct those expired and marked off as terminated 235,125,510.00 



In force at 'end of year $ 339,792,330.00 

Deduct amount re-insured 36,318,015.00 



1, 816, 502. 86 
500, 000. 00 

2, 349, 203. 86 

$ 4, 665, 706. 72 



Premiums. 
$ 3,215,644.74 
2,712,924.61 

S 5,92S,569.35 
2,416,992.21 

$ 3,511,577.14 
375,787.27 



N«t amount in force at end of year $ 303,474,315.00 8 3,135,789.87 



IMX APITULATION OF FIRE RISKS AND PREMIUMS. 



Year Fbaction 

Written. Term. Unearned. 

In 1900 1 year or less One-half 

In 1899 2 years One-fourth 

In 1901) 2 years Three-fourths _. 

In 1898 3 years One-sixth 

In 1*99 3 years One-half 

In 1900 3 years Five-sixths 

In 1897 4 years One-eighth 

In 1898 4 years Three-eigths 

In 1899 4 years Five-eighths .__ 

In 1900 4 years Seven-eighths _ 

In 1896 5 years One-tenth 

In 1897 5 years Three-tenths .._ 

In 1898 5 years One-half 

In 1899 5 years Seven-tenth- _-_ 

In 1900 5 years Nine-tenths 

Various over 5 years Pro rata 



Amount 
Covered. 

117,612,943.00 

1,217,471.00 

1,031,156.00 

44,399,655.00 

42,087,562.00 

40,979,843.00 

664,571.00 

874,9H7.00 

700,900.00 

660,782.00 

9,688,040.00 

9,631,082.(1(1 

12,566,035.00 

10,240,215.00 

10,803,603.00 

315,.-:.' i. no 



Premiums 

Charged. 

1,459,269.46 

7,074.65 

7,(154.31 

359,509.09 

344,177.62 

370,654.49 

5,974.13 

7,057.90 

5,289.03 

5,776.97 

106,807.48 

108,883.00 

113,771.56 

109,053.53 

121,448.48 

3,445.17 



Premiums 
Unearned. 

729,634.73 

1,768.65 

5,740.73 

58,918.16 

172,088.80 

308,878.73 

746.75 

2,646.72 

3,268.14 

5,054.84 

10,680.74 

32,664.90 

56,885.77 

76,337.46 

109,303.55 

1,866.90 



Totals 8 3(13.474,315.00 $ 3,135,789.87 $ 1,577,485.57 



246 Document No. 10. [Session 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR, 

Surplus at beginning of year 8 2,335,469.18 

Net premiums received during 

year 8 1,951,880.64 

Increase in gross uncollected 

premiums 8 36,522.32 

Increase in re-insurance fund 77,837.66 41,315.34 

Total net premiums earned 8 1,910,571.30 

Interest, etc., received $ 150,693.43 

Increase in accrued interest, etc., 1,S50.16 

Total interest earned 152,543.59 

Total premiums and interest 

earned 8 2,063,114.89 

Net losses paid during year 8 1,263,648.79 

Decrease in net unpaid losses — 6,853.77 

Total net losses incurred 8 1,256,795.02 

Expenses paid 8 681,832.57 

Increase in unpaid expenses 10,752.62 

Total expenses incurred 692,585.19 

Total losses and expenses in- 
curred 1,949,380.21 

Net gain for year 8 113,734.63 

Dividends to stockholders 100,000.00 

Total dividends incurred for 

year 100,000.00 

Increase in surplus for year 8 13,734.68 

Surplus at end of year 8 2,349,203.86 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written 8 1,484,836.00 

Gross premiums received 19,356.60 

Re-insurance premiums 1,798.48 

Losses paid 4,712.52 

Losses incurred 4,369.52 

Number of agents working in State during year, 50. 






1903.] 



Document No. 10. 



247 



ROCHESTER GERMAN INSURANCE COMPANY OF 

NEW YORK. 

Located at Rochester, N. Y. Incorporated 1872. Commenced Business 1872. 
Frederick Cook, President. H. F. Atwood, Secretary. 



Cash capital, $200,000. 

Amount of net or ledger assets December 31, 1899 • $ 1, 028, 29G. 54 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 642,557.75 $ 

Deduct re-insurance, rebate, abatement and return 

premiums 186,958.62 



Net cash received for premiums $ 455,599.13 J. 



455, 599. 13 

Rents 9,452.83 

Interest received on mortgages 20,544. 18 

Interest and dividends on stocks and bonds IS, 022. 52 

Interest and dividends from all other soui'ces 1,429.27 

Total income $ 505,047.93 

Aggregate last balance and income $ 1, 533, 344. 47 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 298,435.59 $ 

Deduct salvage and re-insurance 60,062.10 



Net cash paid for losses . 



238,373.49 $. 



Paid stockholders (interest or dividends) 

Commissions or brokerage and allowances to agents- 
Salaries and fees of officers and employees 

Taxes 



Loss on sales or maturity— ledger assets 

All other expenditures 

Total disbursements during the year $ 

Balance December 31, 1900 $ 1,071,574.88 



238, 373. 49 
20, 000. 00 

111,146.08 
31,764.84 
21,122.36 
450.00 
38, 912. 82 

461,769.59 



ASSETS 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned S 

Loans on mortgages 

Book value of stock and bonds 

Cash in company's office 

Cash in bank 



211,906.86 

395,147.05 

106, (42.20 

262.19 

57,916.58 



Total net or ledger assets $ 1,071,578.88 



248 



Document No. 10. 



[Session 



OTHEK ASSETS. 

Kents and interest due and accrued $ 11, 698. 94 

Market value of stocks and bonds over book value 35, 032. 80 

Uncollected premiums 60, 308. 48 

Total admitted assets $ 1, 178,-615. 10 

LIABILITIES. 



Losses adjusted and unpaid 

Losses in process of adjustment. 
Losses resisted 



1,231.8G 
18,145.91 

7,000.00 



Net amount of unpaid losses 

Total unearned premiums 

Commissions due agents and brokers 



26, 377. 77 

379, 193. 52 

1,122.86 



-I 406, 694. 15 
200, 000. 00 
571,920.95 

-$ 1,178,615.10 



Total liabilities 

Cash capital 

Net surplus 

Total liabilities, including cash capital and net surplus-- 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fiek Risks. Premiums. 

In force at beginning of year $ 68,716,973.00 $ 078,592.80 

Written during year 61,582,945.00 650,149.01 

Total $ 130,299,918.00 $ 1,328,741.81 

Deduct those expired and marked off as terminated 50,236,304.00 514,949.10 

In force at end of year $ 80,063,614.00 $ 813,792.71 

Deduct amount re-insured S, 184, 441. 00 90,729.83 

Net amount in force 'at end of year $ 71,879,173.00 $ 723,062.88 

Largest amount in any one hazard $ 5,000.00 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Year 
Written. 

In 1900 1 

In 1899 2 

In 1900 2 

In 1898 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 i 

In 1899 4 

In 1900 4 

In 1896 5 

In 1897 5 

In 1898 5 

In 1899 5 

In 1900 5 



Fraction Amount 

Term. Unearned. Covered. 

year or less One-half § 28,164,829.00 

years One-fourth 187,095.00 

years Three-fourths .. 259,052.00 

years One-sixth 10,474,541.00 

years One-half 11,479,130.00 

years Five-sixths 12,825,240.00 

years One-eighth 161, 650. on 

years Three-eighths __ 100,809.00 

years Five-eighths 218,000.00 

years Seven-eighths __ 206,443.00 

years One-tenth 583,452.00 

years Three-tenths .__ 1,589,128.00 

years One-half 1,517,464.00 

years Seven-tenths ._. 1,773,038.00 

years Nine-tenths 2.278,702.00 



Premiums 
Charged. 

317,857.86 

1,483.95 

2,270.98 

88,046.93 

98,392.82 

111,813.01 

1,401.10 

1,434.23 

1,836.74 

1,882.18 

6,643.27 

19,803.04 

19,219.29 

22,302.07 

28,674.81 



lis $ 71,879,173.00 



723,062.88 $ 



Premiums 
Unearned. 

158,928.93 

370.99 

1,703.23 

14,674.49 

49,196.41 

93,178.00 

175.14 

537.83 

1,147.96 

1,646.90 

664.32 

5,940.91 

9,609.64 

12,611.44 

25,807.33 

37'.', 193.52 



1903.] Document No. 10. 249 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year J 563,800.95 

Net premiums received during 

year 8 455,509.13 

Increase in gross uncollected 

premiums 8 (5,729.48 

Increase in re-insurance fund 50,425.79 49,690.31 

Total net premiums earned 8 405,902.82 

Interest, etc., received 8 28,643.83 

Increase in accrued interest, etc , 383. 7S 

Total interest earned 29,027.61 

Total premiums and interest 

earned 5 434,03c. 43 

Net losses paid during year S 238,373.49 

Decrease in net unpaid losses 15,065.13 

Total net losses incurred - 2.'3,308.36 

Expenses paid { 182,591.13 

Increase in unpaid expenses 970.nl 

Total expenses incurred 183,562.07 

Total losses and expenses in- 
curred 406,870.43 

Net gain for year 8 28,060.00 

Dividends to stockholders 20,000.00 

Total dividends incurred for 

year 20,000.00 

Increase in surplus for year 8 8,060.00 

Surplus at end of year 8 571,920.95 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 360,333.00 

Gross premiums received 6,328.25 

Re-insurance premiums 899.72 

Losses paid • 2,694.98 

Losses incurred 5,094.98 



Number of agents working in State during year, 34. 



250 Document No. 10. [Session 

UNITED STATES BRANCH OF THE ROYAL INSURANCE 
COMPANY OF GREAT BRITAIN. 

Located at New York, N. Y. 

Incorporated 1845. Commenced Business in U. S. in 1851. 

E. F. Beddall, General Attorney for U. S. 



Amount of net or ledger assets December 31, 1899 $ 6,518,514.29 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 5,921,551.53 $ 

Deduct re-insurance, rebate, abatement and return 

premiums 1,907,842.35 



Net cash received for premiums $ 4,013,709.18 



4, 013, 709. 18 

Deposit premiums received for perpetual risks 9, 781. 02 

Rents 163,224.21 

Interest received on mortgages 9, 479. 99 

Interest and dividends on stocks and bonds 148, 485. 26 

Interest and dividends from all other sources 2, 466. 99 

Received from home office 307,618.64 

Total income § 4, 654, 765. 29 

Aggregate last balance and income $ 11, 173, 279.58 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 3,299,715.38 $ 

Deduct salvage and re-insurance 450,121.45 



Net cash paid for losses $ 2,849,593.93 $_ 



2, 849. 593. 93 

Deposit premiums returned 9, 910. 30 

Commissions or brokerage and allowances to agents 696, 243. 36 

Salaries and fees of officers and employees 316,902.37 

Taxes - ... 174, 756. 59 

Remitted to home office 380, 974. 87 

All other expenditures 341, 017. 37 

Total disbursements during the year § 4, 769,398. 79 

Balance December 31, 1900 $ 6,403,880. 79 



1903.] Document No. 10. 251 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned S 2,143,090.05 

Loans on mortgages 195,000.00 

Book value of stocks and bonds 3,798,412.55 

Cash in company's office 1,154.06 

Cash in bank 201,252.99 

Cash in branch office 2,359.27 

All other 16,354.n5 



$ 6, 420, 622. 97 
Deduct all other $ 388. 13 

388. 13 



Total net or ledger assets $ 6,420,234.84 

OTHER ASSETS. 

Rents and interest due and accrued 55, 962. 52 

Uncollected premiums 594, 024. 11 



Total admitted assets § 7,070,221.47 



LIABILITIES. 

Losses adjusted and unpaid $ 32,516.90 

Losses in process of adjustment 574,963.36 

Losses resisted 102,301.57 



Net amount of unpaid losses, less re-insurance $ 498, 928. 70 

Total unearned premiums 3, 513, 647. 85 

Amount reclaimable on perpetual fire risks 227, 010. 68 

Commissions due agents and brokers 867. 19 

Salaries, rents, etc., dne and accrued 34,240.48 

Return and re-insurance premiums 186, 647. 64 

All other liabilities 119. M02. 72 

Total liabilities $ 4,581,245.26 

Net surplus 2,488,976. 21 

Total liabilities, including cash capital and net surplus .$ 7, 070, 221. 47 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year g 894,333,811.04 $ 7,783,106.72 

Written during year 797,441,087.22 5, 966, 047.5c, 



Total $1, 691,774,898. 26 $ 13,749,154.28 

Deduct those expired and marked off as terminated 754,018,141.97 5,572,709.86 

In force at end of year § 937,726,756.29 $ 8,176,444.42 

Deduct amount re-insured 165,246,353.10 1,118,243.24 

Net amount in force at end of year $ 772,480,403.19 $ 7,028,201.18 

Largest amount in any one hazard 8 150,000.00 



PERPETUAL RISKS. Amount. Deposits. 

In force at beginning of year $ 9,685,027.00 S 252,117.41 

Written during year 228,102.00 11,640.65 



Total $ 9,913,12!i.oo $ 263,758.06 

Deduct those marked off as cancelled 347,710.00 in. 967. 24 

In force at end of year % 9,565,419.00 $ 252,790.82 



252 



Document No. 10. 



[Session 



Year. 
Written. 

In 1900 1 

In 1899 2 

In 1900 2 

Iu 1S9S 3 

In 1899 3 

In 190(1 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1890 5 

In 1S97 5 

In 1898 5 

In 1S99 5 

In 1900 5 

Over 5 years— 

Perpetual 

Totals 



RECAPITULATION OP PIRE RISKS AND PREMIUMS. 



Fraction 
Unearned. 



Term. 

year or less__One-half 

years One-fourth 

years Three-fourths 

years One-sixlh 

years One-half 

years Five- sixths 

years One-eighth 

years Three-eighths 

years Five-eighths 

> ears Seven eighths 

years One-tenth 

years Three-tenths 

years One-half 

years Seven-tenths 

years Nine-tenths 

Pro rata 

95 per cent. 



Amount 


Premiums 


Premiums 


Covered. 


Charged. 


Unearned. 


8 262,845,108.20 


8 2,748,242.41 8 


1,374,121.20 


2,971,747.79 


23,392.43 


5,848.11 


1,798,259.03 


16,511.07 


12,383.30 


. 115,933,803.69 


837,361.00 


139,560.17 


. 101,346,137.17 


756,631.02 


378,315.51 


. 102,718,882.52 


796,495. S6 


663,746.55 


1,492,320.67 


12,415.68 


1,551.96 


2,041,384.01 


14,976.68 


5,616.25 


1,862,475.00 


is. (197.33 


11,685.83 


1,206,753.50 


10,046.04 


8,790.26 


31,473,735.31 


334,470.45 


33,447.05 


311,509,052.91. 


331,930.85 


99,579.26 


46,237,205.65 


389,532.33 


194,766.16 


33,099,097.08 


346,540.77 


242,578.54 


34,422,088.67 


364,402.67 


327,962.40 


2,521,752.00 


26,554.59 


13,695.30 


9,565,419.00 


252,790.82 


227,010.68 


S 78'', 045, 822.19 


s 7, 2S0, 992.00 $ 


3,740,658.53 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 

Net premiums received during 

year $ 4,013,579.90 

Increase in gross uncollected 

premiums 8 9,093.87 

Decrease in re-insurance fund 81,035.21 90,129.08 



215,197.53 
5,125.39 



Total net premiums earned 

Interest, etc., received 8 

Increase in accrued interest, etc., 

Total interest earned 

Total premiums and interest 

earned 

Net losses paid during year 8 2,849,593.93 

Decrease in net unpaid losses 29,175.06 



Total net losses incurred 

Expenses paid 8 1,412,511.59 

Increase in unpaid expenses 4,008.95 

Total expenses incurred 

Total losses and expenses in- 
curred 



Net gain for year 

Received from home office during 

year 

Remitted to home office during 

year 



Increase in surplus for year. 



8 4, 103, 708. 9S 



220,322.92 



8 4,324,031.90 



8 2,820,418.87 



1,416,520.54 



307,018.64 
380,974.87 



4,236,939.41 
87,092.49 



73,356.23 



13,736.26 



2,475,239.95 



Surplus at end of year 8 2,488,976.21 



1903.] Document No. 10. 253 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. Toknado. 

Gross risks written , $ 3,515,539.(10 $ 75,750.00 

Gross premiums received 29,000.00 379. 8S 

Re-insurance premiums 7,691.00 

Losses paid 11,686.62 

Losses incurred 8,696.86 



Number of agents working in State during year, 45. 



ROYAL EXCHANGE ASSURANCE COMPANY OF GREAT 

BRITAIN AND IRELAND. 

Located in U. S. at New York, N. Y. 

Incorporated 1720. Commenced Business in U. S. 1891. 

Robert Dickson, General Manager. 



Deposit capital, §200,000. 

Amount of net or ledger assets December 31, 1899 $ 1, 108, 833. 28 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums 8 1,159,187.54 § 105. SO 

Deduct re-insuraDce, rebate, abatement and re- 
turn premiums 337,326.89 



Net cash received for premiums S 821,860.65 105.80 

821,966.45 

Interest and dividends on stocks and bonds 39, 480. 39 

Remittance from home office : 375,882.93 

Total income $ 1,237,329.77 

Aggregate last balance and income $ 2, 346, 163. 05 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses S 590,193.09 S 

Deduct salvage and re-insurance 94,538.83 



Net cash paid for losses 8 495,654.26 >_ 



495, 654. 26 

Commissions or brokerage and allowances to agents 174, 124. 92 

Salaries and fees of officers and employees 67, 405. 25 

Taxes - 24,357.36 

Remitted to home office- 160, 637. 61 

All other expenditures 58,061. 14 

Total disbursements during the year $ 980, 240.54 

Balance December 31, 1900 $ 1,365,922.51 



254 Document No. 10. [Session 



ASSETS. 



AS PER LEDGER ACCOUNTS. 



Book value of stocks and bonds $ 1,312,956.22 

Cash in company's office 3,666.01 

Cash in bank 33,670.52 

All other 15,629.76 



Total net or ledger assets $ 1, 365, 922. 51 

OTHER ASSETS. 

Rents and interest due and accrued $ 14, 459. 79 

Market value of stocks and bonds over book value 28, 386. 03 

Uncollected premiums 1 105,068.80 

Due from other companies 954. 00 



Gross assets $ 1, 514, 791. 13 

Non-admitted assets — 

Furniture and supplies $ 15,629.76 

Total deductions 15,629.76 



Total admitted assets $ 1, 499, 161. 37 

LIABILITIES. 

Losses adjusted and unpaid $ 18,261.59 

Losses in process of adjustment 78,155.21 

Losses resisted 5,207.20 



Net amount of unpaid losses, less re-insurance $ 78,985. 00 

Total unearned premiums 604,366.94 

Salaries, rents, etc., due and accrued 1,597.88 

Return and re-insurance premiums 5, 469. 79 

Total liabilities $ 690,419.61 

Deposit capital 200,000.00 

Reserve or guarantee fund 60S, 741. 76 

Total liabilities, including cash capital and net surplus $ 1, 499, 161. 37 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 93,906,486.00 $ 1,059,264.26 

Written during year 103, 70S, 498. 00 1,169,236.95 



Total $ 197,674,984.00 $ 2,228,501.21 

Deduct those expired and marked off as terminated 81,859,986.00 882,516.03 



In force at end of year $ 115,814,998.00 $ 1,345,985.18 

Deduct amount re-insured 15,317,257.00 178, 666. OS 



Net amount in force at end of year $ 100,497,741.00 $ 1,167,319.10 

Largest amount in any one haz»rd $ 25,000.00 



RECAPITULATION OP FIRE RISKS AND PREMIUMS. 

Year Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 1900 lyearorless One-half .$ 48,781,575.00 $ 602,801.15 $ 301,400.57 

In 1899 —2 years One-fourth 769,178.00 5,772.02 1,443.00 

In 1900 2 years Three-fourths 581,625.00 5,188.65 3,891.49 

In 1898 3 years One-sixth 12,654,932.00 137,188.23 22,864.70 



1903.] Document No. 10. 255 

Id 1899 3 years One-half 8 12,109, G09.00 8 127,168.03 $ 63,584.01 

In 1900 3 years Five-sixths 14,322,458.00 155,080.20 129,233.57 

In 1S97 4 years One-eighth 163,005.00 1,322.08 164.26 

In 1898 4 years Three-eighths 156,200.00 S90.05 333.70 

In 1899 4 years Five-eighths 325,285.00 2,597.10 1,623.19 

In 1900 4 years Seven-eighths 549,424.00 4,939.01 4,321.63 

In 1896 5 years One-tenth 1,123,366.00 13,043.48 1,304.35 

In 1897 5 years Three-tenths 1,352,477.00 18,766.90 5,630.07 

In 189S 5 years One-half 1,881,003.00 21,485.75 10,742.87 

In 1899 5 years Seven-tenths 2,507,103.00 30,701.35 21,490.94 

In L900 5 years Nine-tenths 3,220,501.00 40,375.10 36,337.59 



Totals $ 100,497,741.00 8 1,167,319.10 $ 604,366.94 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 656,422.38 

Net premiums received during 

year $ 821,966.45 

Increase in gross uncollected 

premiums $ 12,739.50 

Increase in re-insurance fund __ 96,193.56 83,454.06 



Total net premiums earned $ 738,512.39 

Interest, etc., received S 39,480.39 

Increase in accrued interest, etc., 13,728.98 



Total interest earned 53,209.37 

Total premiums and interest 

earned $ 791,721.76 

Net losses paid during year 8 495,054.26 

Increase in net unpaid losses 31,576.00 



Total net losses incurred $ 527,230.26 

Expenses paid 8 323,948.67 

Increase in unpaid expenses 3,468.77 



Total expenses incurred 327,417.44 



Total losses and expenses in- 
curred 854,647.70 



Net loss for year $ 62,925.94 

Received from home office dur- 

ing'year $ 375,8S2.4>3 

Remitted to home office duriDg 

year 160,637.61 



215,245.32 



Increase in surplus for year 8 152,319.38 



Surplus at end of year $ 808,741.76 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fike Risks. 

Gross risks written , 8 453,497.00 

Gross premiums received 5,790.05 

Re-insurance premiums 779.79 

Losses paid 2,622.14 

Losses incurred 3,896.14 



Number oi agents working in State during year, 15. 



256 Document No. 10. [Session 

ST. PAUL FIRE AND MARINE INSURANCE COMPANY 

OF MINNESOTA. 

Located at St. Paul, Minn. 

Incorporated 1865. Commenced Business 1865. 

0. H. Bigelow, President. A. W. Perry, Secretary. 



Cash capital, 1500,000. 

Amount of net or ledger assets December 31, 1899 $ 2, 450, 696. 11 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 1,824,953.74 $ 543,977.22 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 327,229.89 201,415.81 



Net cash received for premiums $ 1,497,723.85 $ 342,561.41 



1, 840, 285. 26 

Eents 42,651.60 

Interest received on mortgages 16, 886. 26 

Interest received on collateral loans 5, 277. 23 

Interest and dividends on stocks and bonds ' 46, 085. 86 

Interest and dividends from all other sources S, 131. 48 

Profit on sale or maturity of ledger assets 29, 117. 50 

From all other sources 8, 430. 86 

Total income $ 1,996,866.04 

Aggregate last balance and income $ 4, 447, 562. 16 

• DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 1,021,156.10 $ 300,222.38 

Deduct salvage and re-insurance 136,731.15 121,620.95 

Net cash paid for losses § 884,424.95 $ 178,601.43 



$ 1,063,026.38 

Paid stockholders (interest or dividends) 50, 000. 00 

Commissions or brokerage and allowances to agents 389, 761. 52 

Salaries and fees of officers and employees 86, 205. 73 

Taxes 56, 351. 92 

Loss on sales or maturity — ledger assets 32,034.28 

All other expenditures 163, 790. 21 

Total disbursements during the year $ 1, 841, 170. 04 

Balance December 31, 1900 $ 2,606,392.12 



1903.] 



Document No. 10. 



257 



ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 636,350.82 

Loans on mortgages 296, 175.00 

Loans on collaterals 76,225.05 

Book value of stocks end bonds 1,171,641.62 

Casta in company's office 14,175.25 

Cash in bank 160,228.49 

Agents' debit balances 235,441.10 

Bills receivable 16,932.34 



§ 2, 607, 469. (17 



Deduct agents' credit balances 



1.077.55 



1,077.55 



Total admitted assets $ 2,606,392.12 



LIABILITIES. 



Losses adjusted and unpaid 

Losses in process of adjustment- 
Losses resisted ,_ 



43,076.27 
126,254.93 

14,944.07 



Net amount of unpaid losses, less re-insurance $ 162, 373. 26 

Total unearned premiums 1, 182,868.63 

Commissions due agents and brokers 35, 154. 53 

Total liabilities 1— $ 1, 380, 396. 42 

Cash capital 500,000.00 

Net surplus 225,995.70 

Total liabilities, including cash capital and net surplus $ 2, 606, 392. 12 



MISCELLANEOUS. 



RISKS AND PREMIUMS. 

Fire Ri^ks. Premiums. 

hi force at beginning of year $ 175,376,634.00 $ 2,159,032.82 

Written during year 122,689,749.00 1,832,393.30 



Total S 298,066,383.00 S 3,991,426.12 

Deduct those expired and marked off as terminated 120,273,733.00 1,705,611.97 



In force at end of year $ 177,792,650.00 $ 2,285,814.15 

Deduct amount re-insured 12,610,308.00 155,837.64 

Net amount in force at end of year $ 165,182,342.00 $ 2,129,976.51 



In force at beginning of year. 
Written ■luring year 



Total 8 

Deduct those expired and marked off as terminated 



In force at end of year . 
Deduct amount re-insured. 



Net amount in force at end of year. 
Largest amount in any one hazard 



10,000.00 



Marine am> 
Inland. 

5,211,441.00 $ 

70,099,272.00 

75,310,713.00 I 
To,H7.70M.iM 



5,193,013.00 $ 
1,331,326.00 



3,861,687.00 I 



Premiums. 
141,506.19 
544,516.02 

686,022.21 

484,.: 



201,638.60 
54,955.21 



146,683.39 



17 



258 



Document No. 10. 



[Session 



RECAPITULATION OF FIRE RISKS AXD PREMIUMS. 



Year 
Written. 

In 1900 I 

In 1899 2 

In 1900 2 

In 1898 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1896 5 

In 1897 5 

In 1898 5 

In 1899 5 

In 1900 5 



Fraction 
Term. Unearned. 

year or less One-half 

years One-fourth 

years Three-fourths - 

years One-sixth 

years One-half 

years Five-sixths 

years One-eighth 

years Three-eighths. 

years Five-eighths „ 

years Seven-eighths. 

years One-tenth 

years Three-tenths __ 

years One-half 

years Seven-tenths _- 

years Nine-tenths _.. 



Amount 
Covered. 

60,559,945.00 

222,221.00 

241,971.00 

22,564,820.00 

24,246,742.00 

26,859,097.00 

73,700.00 

120,500.00 

80,900.00 

140,477.00 

4,077,852.00 

4,985,626.00 

5,781,481.00 

7,027,993.00 

8,199,017.00 



Premiums 
Charged. 

786,776.54 

2,450.50 

2,374.89 

270,445.09 

285,518.11 

310,705.78 

776.38 

967.55 

661.78 

1,146.59 

66,329.61 

77,224.03 

87,368.14 

109,395.53 

127,835.99 



Premiums 
Unearned. 

393,388.27 

612.62 

1,781.16 

45,074.18 

142,759.05 

258,921.45 

97.05 

362.82 

413.60 

1,003.24 

6,632.96 

23,167.20 

43,684.07 

76,576.87 

115,052.39 



Totals $165,182,342.00 $ 2,129,976.51 $ 1,109,526.93 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year- 
Net premiums received during 

year • 

Increase in gross uncollected 

premiums $ 

Increase in re-insurance fund- 
Total net premiums earned 

Interest, etc., received $ 

Decrease in accrued interest, etc., 

Total interest earned 



Total premiums and interest 
earned 

Net losses paid during year $ 

Decrease in net unpaid losses 

Total net losses incurred 

Expenses paid $ 

Decrease in unpaid expenses 

Total expenses incurred 



Total losses and expenses in- 
curred 



Net gain for year 

Dividends to stockholders 

Total dividends incurred for 
year 

Increase in surplus for year 

Surplus at end of year 



7,978.36 
114,918.08 



99,855.26 
2,464.28 



S 1,840,285.26 



106,939.72 
$ 1,733,345.54 



97,390.98 



1,063,026.38 
20,077.21 

676,932.21 
772.85 



$ 1,830,736.52 



$ 1,042,949.17 



676,159.56 



1,719,108.53 

111,627.99 
50,000.00 

50,000.00 
61,627.99 



664,367.71 



725,995.70 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 841,742.00 

Gross premiums received 12,356.63 

Losses paid 7,038.93 

Losses incurred 7,413.37 



1903.] Document No. 10. 259 

SALAMANDRA INSURANCE COMPANY OF RUSSIA. 

Located in U. S. at New York, N. Y. 

Incorporated 1846. Commenced Business in U. S. 1899. 

Albert Wilcox & Co., Managers. 



Amount of net or ledger assets December 31, 1899 $ 506,000.00 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums 8 014,710.46 8 

Deduct re-insurance, rebate, abatement and return 

premiums 100,519.63 



Net cash received for premiums $ .514,190.83 $_ 



514, 190. 83 

Interest and dividends on stocks and bonds 14, 912. 41 

From all other sources 200, 742. 47 



Total income $ 729,845.71 



Aggregate last balance and income $ 1, 235, 845. 71 

DISBURSEMENTS. 



Marine and 
Fire. Inland. 



Gross cash paid for losses $ 72,304.16 $_ 

Deduct salvage and re-insurance 212.47 



Net cash paid for losses 8 72,091.69 



72, 091. 69 

Commissions or brokerage and allowances to agents 133, 451. 48 

Salaries and fees of officers and employees 227. 50 

Taxes 2,398.99 

Loss on sales or maturity — ledger assets 10, 000. 00 

All other expenditures 321,719.67 

Total disbursements during the year $ 539,889.33 

Balance December 31, 1900 $ 695, 956. 38 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of stocks and bonds 5 496,100.00 

Cash in bank 99,956.38 

Cash in hands of U. S. trustees 100,000.00 



Total net or ledger assets $ 695,956.38 



260 Document No. 10. [Session 



OTHER ASSETS. 



Rents and interest due and accrued -•$ 4, 016. 67 

Uncollected premiums 30, 431. 59 

Balance due account securities sold 21, 275. 66 



Total admitted assets $ 751, 680.30 

LIABILITIES. 

Losses adjusted and unpaid . $ 8,335.80 

Losses in process of adjustment 66,677.53 



Net amount of unpaid losses $ 75, 013. 33 

Total unearned premiums 295, 646. 20 

Total liabilities $ 370,659.53 

Net surplus 381,020.77 

Total liabilities, including cash capital and net surplus I 751, 680. 30 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fiee Risks. Premiums. 

Written during year $ 55,810,820.00 $ 660,156.53 



Total $ 55,810,829.00 $ 660,156.53 

Deduct those expired and marked off as terminated 0,332,474.00 109,294.01 

In force at end of year I 49,478,355.00 $ 550,861.62 



Net amount in force at end of year $ 49,478,355.00 $ 550,861.62 

Largest amount in any one hazard $ 25,000.00 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 1900 1 year or less One-half $ 42,902,964.00 $ 475,453.49 J 237,726.75 

In 1899 2 years One-fourth 828.00 488.82 122.21 

In 1900 2 years Three-fourths 556,828.00 2,810.03 2,107.52 

In 1898 3 years One-sixth 254,006.00 4,041.99 673.66 

In 1899 3 years One-half 19(3,928.00 3,963.24 1,981.62 

In 1900 3 years Five-sixths 4,255,055.00 39,655.04 33,045.87 

In 1897 4 years One-eighth 1,001.00 18.75 2.34 

In 1898 4 years Three-eighths 23.00 8.62 

In 1899 4 years Five-eighths 3,869.00 217.71 136.07 

In 1900 4 years Seven-eighths 155,150.00 973.12 S51.48 

In 1896 5 years One-tenth 13,105.00 S30.34 83.03 

In 1897 5 years Three-tenths 13,663.00 018.59 185.58 

In 1898 5 years One-half 55,698.00 1,251.00 625.50 

In 1899 5 years Seven-tenths 32,178.00 1,844.44 1,291.10 

In 1900 5 years Nine-tenths 1,037,682.00 18,672.06 16,804.85 



Totals $ 49,478,355.00 8 550,861.62 $ 295,646.20 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 500,000.00 

Net premiums received during 

year $ 514,190.83 

Gross uncollected premiums $ 45,446.07 

Re-insurance fund 295,646.20 250,200.13 






1903.] Document No. 10. 261 

Total net premiums earned $ 263,990.70 

Interest, etc., received $ 14,912.41 

Accrued interest, etc 4,124.00 

Total interest earned 19,036.41 

Total premiums and interest 

earned 8 283,027.11 

Net losses paid during year $ 72,091.69 

Net unpaid losses 75,013.33 

Total net losses incurred $ 147,105.02 

Expenses paid $ 136,629.31 

Unpaid expenses 15,014.48 

Total expenses incurred 151,643.79 

Total losses and expenses in- 
curred 298,748.81 

Net loss for year $ 15,721.70 

Remitted to home office during 

year ±- 109,257.53 

Decrease in surplus for year $ 124,979.23 

Surplus at end of year $ 381,020.77 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 
Gross risks written $ 481,570.00 

Gross premiums received 5,560.47 

Losses paid 1.25 

Losses incurred 2.25 



262 Document No. 10. [Session 

SCOTTISH UNION AND NATIONAL INSURANCE COMPANY 

OF GREAT BRITAIN. 

Located in U. S. at Hartford, Conn. 
Incorporated 1824. Commenced Business in U. S. 1880. 

James H. Brewster, Manager. 



Cash capital, $1,500,000. 

Amount of net or ledger assets December 31, 1899 $ 3, 803, 049. 35 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums 8 3,433,140.63 I 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 1,493,145.80 



Net cash received for premiums $ 1,939,994.83 $. 



1,939,994.83 

Rents 12,386.25 

Interest received on mortgages 60, 266. 72 

Interest received on collateral loans 85. 66 

Interest and dividends on stocks and bonds 72, 521. 41 

Interest and dividends from all other sources 5, 044. 44 

Profit on sale or maturity of ledger assets 3, 225. 64 

Received from home office 79, 526. 27 

Total income $ 2,173,051.22 

Aggregate last balance and income $ 5, 976, 100. 57 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 2,000,681.45 $ 

Deduct salvage and re-insurance 670,815.72 



Net cash paid for losses _. $ 1,389,865.73 |. 



1, 389, 865. 73 

Commissions or brokerage and allowances to agents 393, 485. 61 

Salaries and fees of officers and employees 91,960.07 

Taxes 87, 130. OS 

Loss on sales or maturity — ledger assets 5, 192. 04 

Allother expenditures - 123,404,75 

Total disbursements during the year $ 2,091,038.28 

Balance December 31, 1900 $ 3,885,062.29 



1903.] Document No. 10. 263 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 218,457.56 

Loans on mortgages 1,064,050.17 

Loans on collaterals 2,600.00 

Book value of stocks and bonds 1,974,216.20 

Cash in company's office 583.74 

Cash in bank 519,527.98 

All other 155,778.58 



$ 3, 935, 214. 23 

Deduct agents' credit balances $ 23.12 

All other 50,128.82 



50, 151. 94 



Total net or ledger assets $ 3,885,062.29 

OTHER ASSETS. 

Rents and interest due and accrued 36,658.94 

Market value of stocks and bonds over book value 77, 827. 50 

Uncollected premiums 229, 601. 75 

Gross assets $ 4,228,750.48 

Non-admitted assets — 

Depreciation in book value, bonds and stock $ 11,673.75 

Total deductions 11,673.75 

Total admitted assets $ 4, 217,076. 73 

LIABILITIES. 

Losses adjusted and unpaid $ 76,253. i 1 

Losses in process of adjustment 166,500.00 

Losses resisted 12,300.00 



Net amount of unpaid losses, less re-insurance $ 239, 965. 58 

Total unearned premiums 1, 655, 789. 26 

Salaries, rents, etc., due and accrued 5,000.00 

Return and re-insurance premiums 92,267.00 

Total liabilities $ 1,993,021.84 

Xet surplus 2,224,054.89 

Total liabilities, including cash capital and net surplus $ 4, 217, 076. 73 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year £ 463,713,045.00 - 4,019,751.01 

Written during year 357,480,804.00 3,433,140.63 

Total $ 821,1(13.849.00 8 7,452,891.64 

Deduct those expired and marked off as terminated 315,081,851.00 2,9S8,921.48 

In force at end of year $ 506,111.998.00 $ 4,463,970.16 

Deduct amount re insured 123, 441, 204. no 1,122,278.70 

Net amount in force atend of year $ 382,670,794.00 $ 3,341,691.46 

Largest amount in any one hazard $ 50,000.00 



264 



Document No. 10. 



[Session 



RECAPITULATION OF FIKE RISKS AND PREMIUMS. 



Year Fraction 

Written. Term. Unearned. 

In 1900 1 year or less One-half $ 

In 1899 2 years One-fourth 

In 1900 2 years Three-fourths __ 

In 1898 3 years _- One-sixth 

In 1899 3 years One-half 

In 1900 3 years Five-sixths 

In 1897 4 years One-eighth 

In 1898 4 years Three-eighths 

In 1899 4 years Five-eighths 

In 1900 4 years Seven-eighths __ 

In 1896 5 years One-tenth 

In 1897 5 years Three-tenths „. 

In 1898 5 years One-half 

In 1899 5 years Seven-tenths 

In 1900 5 years Nine-tenths 



Amount 
Covered. 

120,674,314.00 

1,487,087.00 

2,613,322.00 

79,774,524.00 

(51,441,494.00 

61,970,738.00 

690,665.00 

1,370,543.00 

1,039,852.00 

2,147,644.00 

8,817,815.00 

10,228,871.00 

11,556,847.00 

9,888,859.00 

S, 968, 219. 00 



Premiums 
Charged. 

1,390,594.75 

10,828.73 

19,817.25 

491,913.09 

440,530.36 

427,915.52 

4,940.26 

9,104.88 

7,250.49 

13,575.70 

101,775.35 

105,595.60 

107,124.36 

107,191.73 

103,533.39 



Premiums 
Unearned. 

695,297.37 

2,707.18 

14,862.94 

81,985.51 

220,265.18 

356,596.27 

617.53 

3,414.33 

4,531.56 

11,878.74 

10,177.53 

31,678.68 

53,562.18 

75,034.21 

93,180.05 



Totals $ 382,670,794.00 $ 3,341,691.46 $ 1,655,789.26 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year- 
Net premiums received during 
year 

Increase in gross uncollected 
premiums $ 

Decrease in re-insurance fund __ 

Total net premiums earned 

Interest, etc., received $ 

Increase in accrued interest, etc., 



18, 704. mi 
168,258.33 

14ii.078.05 
4,420.23 



Total interest earned. 



$ 1,039,994.83 



186,962.33 



2,126,957.16 



144,498.28 



Total premiums and interest 
earned 

Net losses paid during year $ 1,389,865.73 

Decrease in net unpaid losses 46,794.01 

Total net losses incurred 



Expenses paid 

Increase in unpaid expenses 

Total expenses incurred 



685,754.08 

13,085.00 



Total losses and expenses in- 
curred 



Net gain for year 

Received from home office during 
year 

Total dividends incurred for year, 

Increase in surplus for year 

Surplus at end of year 



1,343,071.72 



698,839.14 



-S 1,914,984.04 



$ 2,271,455.44 



2,041,910.86 
229,544.58 

79,526.27 
79,526.27 



309,070.85 



$ 2,224,054.89 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Gross risks written 

Gross premiums received. 

Losses paid 

Losses incurred 



Fire Risks. 

1,117,484.00 

22,076.53 

11,767.48 

9,539.29 



Number of agents working in State during year, 31. 



1903.] Document No. 10. 265 

SKANDIA INSURANCE COMPANY OF SWEDEN. 

i 

Located in U. S. at New York, X. Y. 

Incorporated 1855. Commenced Business in U. S. 1900. 

C. F. Shallcross, Manager. 



Deposit capital, $200, 000. 

Amount of net or ledger assets December 31, 1899 $ 

INCOME. 

Marine ami 
Fire. Inland. 

<Sro.»s cash received for premiums $ 353,698.22 $ 

Deduct re-insurance, rebate, abatement and return 

premiums 48,446.41 



Net cash received for premiums $ 305,251.78 $_ 



305, 251. 78 

Interest and dividends on stocks and bonds 7, 100.00 

Interest and dividends from all other sources 2,172.43 

Received from head office 503, 412. 75 



Total income $ 817,936.96 

Aggregate last balance and income $ 817, 936. 96 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 13,574.40 $ 



Net cash paid for losses 8 13,574.40 $- 



13, 574. 40 

Commissions or brokerage and allowances to agents 92, 913. 17 

Taxes 1,958.00 

Remitted to home office 147,633.33 

All other expenditures 2, 731. 49 

Total disbursements during the year $ 258,810.39 

Balance December 31, 1900 $ 559,126.57 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of stocks and bonds g 468,394.51 

Cash in bank 90,732.06 

Total net or ledger assets $ 559,126.57 



266 



Document No. 10. 



[Session 



OTHER ASSETS. 



Rents and interest due and accrued - 

Uncollected premiums 

All other 



2, 516. 67 

62, 570. 8S 

18.00 



Total admitted assets $ 624,232.12 

LIABILITIES. 



Losses adjusted and unpaid 

Losses in process of adjustment. 



10,604.94 
46,951.38 



57, 556. 32 

200, 953. 58 

6.50 

3, 285. 53 

261,801.93 
362, 430. 19 

624, 232. 12 



Net amount of unpaid losses 

Total unearned premiums 

Salaries, rents, etc., due and accrued 

Return and re-insurance premiums • 

Total liabilities 

Net surplus 

Total liabilities, including cash capital and net surplus 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

Written during year $ 61,887,896.57 $ 443,391.75 

Total $ 61,887,896.57 $ 443,391.75 

Deduct those expired and marked off as terminated 18,306,619.60 73,618.68 

In force at end of year $ 43,581,276.97 $ 369,773.07 

$ 

$ 30,0011.(111 



Net amount in force at end of year 
Largest amount in any one hazard 



.$ 43,581,276.97 $ 



369,773.07 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Year 

Written 



Fraction 
Unearned. 



Amount 
Covered. 



Term. 

In 1900 lyearorless One-half_ . __$ 38,925,770.40 

In 1900 2 years .Three-fourths 389,168.75 

In 1900 3 years Five-sixths 2,519,104.16 

In 1900 4 years Seven-eighths 137,367.33 

In 1900 5 years Nine-tenths 1,597,066.33 

Various Over 5 years Pro rata 12,800.00 



Premiums 
Charged. 

324,658.27 

3,172.87 

22,210.45 

1,291.72 

18,324.40 

205.36 



Premiums 
Unearned. 



162,329.13 

2,379.65 

18,508.71 

1,051.51 

16,491.93 

192.62 



Totals S 43,581,276.97 



369,773.07 $ 



200,953.58 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 
Surplus at beginning of year 



Net premiums received during 
year 

Gross uncollected premiums. __$ 80,408.00 

Re-insurance fund 200,953.58 



305,251.78 

114,545.58 



Total net premiums earned 

Interest, etc., received 

Accrued interest, etc 



7,047.56 
•-',:.16.67 



Total interest earned 

Total premiums and interest 
earned 



190,706.20 



9,564.23 



200,270.43 



1903.] Document No. 10. 267 

Net losses paid during year $ 13,574.40 

Net unpaid losses 57,556.32 

Total net losses incurred $ 71,130.72 

Expenses paid 8 95,377.79 

Unpaid expenses 27,111.15 

Total expenses incurred 122,488.94 

Total losses and expenses in- 
curred 8 193,619.66 

Net gain for year S 6,650.77 

Remitted from home office dur- 

year 3.55,779,42 

Surplus at end of year $ 362,430.19 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks 

Gross risks written 5 663,237.00 

Gross premiums received 3,135.00 



SOUTHERN LOAN AND TRUST COMPANY OF 

GREENSBORO. 

Located at Greensboro, X. C. 

Incorporated 1890. Commenced Business 1890. 

E. P. Wharton, President. David White, Secretary. 



Cash capital, $25, 000. 



INCOME. 

Rents $ 1,729.77 

Interest received on mortgages (about) 1, 500. 00 

Interest received from all other sources (about) 3, 000. 00 

Commissions on loans, sales of property, etc. 24, 746. 78 

Total income $ 30,976.55 

DISBURSEMENTS. 

Paid stockholders (interest or dividends) 2,500.00 

All other expenditures 5, 501.09 

Total disbursements during the year $ 8,001.09 

Balance August 1, 1900 $ 22,975.46 



268 Document No. 10. [Session 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 24,919.90 

Loans on mortgages (about) 100,000.00 

Loans on collaterals (about) 9,000.00 

Book value of stocks and bonds 5,780.40 

Cash in company's office 8,235.57 

Cash in bank . 42,334.18 

Bills receivable (about) 110,700.00 

$ 300, 970. 05 

OTHER ASSETS. 

Rents and interest due and accrued (about) 1,000.00 

Gross assets $ 301,970.05 

Non-admitted assets — 

Furniture and supplies $ 4,000.00 

Total deductions 4,000.00 



Total admitted assets $ 297, 970. 05 

LIABILITIES. 

Depositors' credit balances $ 176, 661. 38 

Borrowed money 10, 000. 00 

Bills re-discounted 24, 306. 62 



Total liabilities $ 211,968.00 

Cash capital 25,000.00 

Surplus beyond liabilities 61, 002. 05 

Total liabilities, including cash capital and net surplus $ 297, 970. 05 



SOUTHERN STOCK MUTUAL INSURANCE COMPANY OF 

NORTH CAROLINA. 

Located at Greensboro, N. C. Incorporated 1895. Commenced Business 1895. 
B. D. Heath, President. A. W. McAuster, Secretary. 

Amount of net or ledger assets December 31, 1899 $ 64, 248. 26 

INCOME. 

Net cash received for premiums 48, 509. 96 

Interest received on mortgages 2, 819. 31 

Interest and dividends on stocks and bonds 936. 92 

From all other sources 1, 048. 09 

Total income $ 53,314.28 

Aggregate last balance and income 1 117,562. 54 



1903.] Document No. 10. 269 

DISBURSEMENTS. 

Net cash paid for losses --$ 13,937.98 

Commissions or brokerage and allowances to agents 16, 607. 75 

All other expenditures 8, 311. 31 

Total disbursements during the year $ 38,857.04 

Balance December 31, 1900 $ 78, 705. 50 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Loans on mortgages $ 33,206.23 

Loans on collaterals 11,000.00 

Book value of stocks and bonds 12, 875. no 

Cash in company's office 531.14 

Cash in bank 14,008.92 

Bills receivable 500.00 

All other 5,(570.52 

$ 77,851.81 

Deduct agents' credit balances $ 83.23 



Total net or ledger assets $ "7, 768. 58 

OTHER ASSETS. 

Rents and interest due and accrued 936. 92 

Total admitted assets $ 78, 705.50 



LIABILITIES. 

Total unearned premiums 1 34,075.26 

Unpaid dividends due policy-holders 6, 394. 85 

Total liabilities $ 40,470.11 

Net surplus 38, 235. 39 

Total liabilities, including cash capital and net surplus $> 78, 705. 50 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 4, 537, o30.no $ 76,890.18 

Written during year. 3, 405, 84(5. no 51,140.87 

Total $ 7,942,885.00 $ 128,031.05 

Deduct those marked off as terminated 2,640,008.00 41,717.74 

In force at end of year S 5,302,877.00 8 86,3X3.31 

Deduct amount re-insured 116,100.00 2,129.05 



Net amount in force at end of year $ 5,180,777.00 $ 84,184.20 

Largest amount in any one hazard S 6,000.00 



270 Document No. 10. [Session 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 17,816.81 

Net premiums received during 

year $ 48,509.96 

Increase in re-insurance fund__$ 1,876.63 

Total net premiums earned $ 46,633.33 

Interest, etc., received $ 3,448.86 

Increase in accrued interest, etc., 1,355.46 

Total interest earned 4,804.32 

Total premiums and interest 

earned $ 51,437.65 

Net losses paid during year $ 14,184.12 

Decrease in net unpaid losses 246.14 

Total net losses incurred $ 13,937.98 

Expenses paid $ 16,607.75 

Total expenses incurred 16,607.75 

Total losses and expenses in- 
curred 31,019.07 

Net gain for year $ 20,418.58 

Carried to re-insurance reserve- 7,270.00 

Dividends to policy-holders 7,228.57 

Total dividends incurred for 

year ._ $ 14,498.57 

Increase in surplus for year $ 5,920.01 

Surplus at end of year $ 23,736.82 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 3,089,811.00 

Gross premiums received 43,744.05 

Re-insurance premiums 1,691.02 

Losses paid 11,729.22 

Losses incurred 11,665.48 

Number of agents working in State during year, 100. 



1903.] Document No. 10. 271 

SOUTHERN INSURANCE COMPANY OF LOUISIANA. 

Located at New Orleans, La. Incorporated 1882. Commenced Business 1882. 
Ernest Miltenberger, President. Scott McGehee, Secretary. 



Cash capital, $300,000. 

Amount of net or ledger assets December 31, 1899 $ 478, 153.05 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 371,011.70 $ 5,684.26 

Deduct re-insurance, rebate, abatement and return 

premiums 94,666.01 264.56 

Net cash received for premiums $ 276,345.69 $ 5,419.70 

281,765.39 

Interest received on collateral loans 408.34 

Interest and dividends on stocks and bonds 7, 445. 00 

Total income $ 289,618.73 

Aggregate last balance and income $ 767, 771. 78 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 211,648.07 $ 3,108.66 

Deduct salvage and re-insurance 11,306.82 

Net cash paid for losses $ 200,341.25 $ 3,108.66 



$ 203, 449. 91 

Paid stockholders (interest or dividends) 23, 946. 00 

Commissions or brokerage and allowances to agents 58, 250. 21 

Salaries and fees of officers and employees 23,400.00 

Taxes 15,303.60 

Loss on sales or maturity — ledger assets 445. 82 

All other expenditures 15, 479. 31 

Total disbursements during the year $ 340,274.85 

Balance December 31, 1900 $ 427, 496. 93 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 35,000.00 

Book value of stocks and bonds 346,377.00 

Cash in company's office _ 3,098.90 

Cash in bank 43,021.03 

Total net or ledger assets $ 427,496.93 



272 Document No. 10. [Session 



OTHER ASSETS. 



Market value of stocks and bonds over book value $ 1, 749. 50 

Uncollected premiums 47 ) 113. 10 

Total admitted assets $ 476, 359. 53 



LIABILITIES. 

Losses adjusted and unpaid $ 17,061.71 

Losses in process of adjustment 9,593.75 

Losses resisted 5,000.00 

Net amount of unpaid losses, less re-insurance $ 30, 100. 82 

Total unearned premiums 145,049.98 

Unpaid dividends due stockholders 41(1 00 

Return and re insurance premiums 1, 678. 93 

Total liabilities $ 177, 245. 73 

Cash capital 300,000.00 

Total liabilities, including cash capital and net surplus $ 477, 245. 73 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 21,883,717.00 $ 387,243.65 

Written during year 21,013,770.00 359,277.42 

Total $ 42,897,487.00 $ 746,521.07 

Deduct those expired and marked off as terminated 27,071,555.00 426,719.59 

In force at end of year $ 15,825,932.00 $ 319,801.48 

Deduct amount re insured 1,784,342.0(1 31,618.29 

Net amount in force at end of year $ 14,041,590.00 $ 288,183.19 



Marine and 

Inland. Premiums. 

Written during year $ 1,550,951.00 $ 5,684.26 

Total $ 1,550, 951.00 $ 5,684.26 

Largest amount in any one hazard $ 5,000.00 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 1900 1 year or less — One-half $ 8,342,727.00 $ 169,172.04 $ 84,586.02 

In 1899 2 years One-fourth 106,563.00 2,135.41 533.85 

In 1900 2 years Three-fourths 103,928.00 1,862.47 1,396.86 

In 1898 3 years One-sixth 1,590,563.00 32, 182.90 5,363.81 

In 1899 3 years One-half 1,870,591.00 40,195.77 20,1197.88 

In 1900 3 years Five-sixths 1,552,484.00 33,404.94 27,837.45 

In 1896 5 years One-tenth 21,650.00 570.10 57.01 

In 1897 5 years Three-tenths 77,957.00 1,663.16 498.94 

In 1898 5 years One-half 176,112.00 2,849.44 1,424.72 

In 1899 5 years Seven-tenths 118,515.00 2,394.11 1,675.87 

In 1900 5 years Nine-tenths 80,500.00 1,752.85 1,577.57 

Totals $ 14,041,590.00 8 288,183.19 $ 145,049.98 



1903.] 



Document No. 10. 



273 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year f 12 479.97 

Net premiums received during 

year S 281,705.39 

Decrease in gross uncollected 

premiums $ 11,734.28 

Re-insurance fund 41,409.41 29,675.13 

Total net premiums earned $ 311,4-10.52 

Interest, etc., received $ 7,481.32 

Increase in accrued interest, etc., 1,749.50 

Total interest earned 9 230 82 

Total premiums and interest 

earned $ 320,671.34 

Net losses paid during year 3 203,449.91 

Decrease in net unpaid losses 5,631.99 

Total net losses incurred $ 197,817.92 

Expenses paid $ 112,001.10 

Increase in unpaid expenses 158.49 

Total expenses incurred 112 219.59 

Total losses and expenses in- 
curred 310,037.51 

Net gain for year $ 10,633.83 

Dividends to stockholders 23.945.00 

Decrease in same tostockholders, $ 54.00 

Total dividends incurred for 

year 24,000.00 

Decrease in surplus for year g 13 360.17 

Deficit at end of year __$ 8g6 9(1 

BUSINESS IX NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written f 599,026.00 

Gross premiums received -^ gj-j 3 » 

Losses paid 1 521. 72 

Losses incurred ~"~~ . 6,'o53.'to 

Number of agents working in State during year, 96. 



18 



274 Document No. 10. [Session 

SPRINGFIELD P^IRE AND MARINE INSURANCE COM- 
PANY OF MASSACHUSETTS. 

Located at Springfield, Mass. Incorporated 1849. Commenced Business 1851. 
A. W. Damon, President. \V. J. MacKay, Secretary. 



Cash capital, $1, 500, 000. 

Amount of net or ledger assets December 31, 1899 $ 3, 795, 014. 63 

INCOME. 



r. „ Marine and 

r IRE. r 

Inland. 



Gross cash received for premiums $ 2,515, 105. 07 $_ 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 572,785.32 



Net cash received for premiums $ 1,942,320.35 $. 



1,942,320.35 

Rents 4, 653.35 

Interest received on mortgages 32,284.81 

Interest received on collateral loans 1, 721. 35 

Interest and dividends on stocks and bonds 148,441. 35 

Profit on sale or maturity of ledger assets 2, 005. 63 



Total income $ 2, 131,426.84 

Aggregate last balance and income $ 5,926,441.47 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 1,335,234.30 $ 

Deduct salvage and re-insurance 192,527.10 



Net cash paid for losses $ 1,142,707.20 



1,142,707.20 

Paid stockholders (interest or dividends) 150, 000. 00 

Commissions or brokerage and allowances to agents 354, 910. 29 

Salaries and fees of officers and employees 110, 745. 57 

Taxes 92,282.18 

Loss on sales or maturity — ledger assets 17, 265. 92 

All other expenditures 213,817.51 

Total disbursements during the year $ 2,081,728.67 

Balance December 31, 1900 $ 3, 844, 712. SO 



ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 83,066.64 

Loans on mortgages 616,800.00 

Loans on collaterals 40,525.00 

Book value of stocks and bonds 2,891,678.77 

Cash in company's office 13,179.70 

Cash in bank 198,562.69 



Total net or ledger assets $ 3,844,712.80 



1903.] 



Document No. 10. 



275 



OTHER ASSETS. 

Rents and interest due and accrued $ 48, 420. 30 

Market value of real estate over book value 41, 033. 36 

Market value of stocks and bonds over book value 832, 015. 23 

Uncollected premiums 313, 202. 07 

Due from other companies 1, 939. 19 



Total admitted assets $ 5,081,322.95 



LIABILITIES. 

Losses adjusted and unpaid - 63,667.72 

Losses in process of adjustment 146,610.36 

Losses resisted 20,350.94 



Net amount of unpaid losses, less re-insurance $ 

Total unearned premiums 

Total liabili ties s 

Cash capital 

Net surplus 

Total liabilities, including cash capital and net surplus 



192, 406. 75 
1, 569, 772. 79 

1,762,179.54 
1,500,000.00 
1,819,143.41 

$ 5,081,322.95 



MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fibe Risks. Premiums. 

In force at beginning of year $ 308,104,334.00 8 3,054,815.61 

Written during year 230,949,609.00 2,543,613.63 

Total 8 545,053,943.00 $ 5,59S,429.24 

Deduct those expired and marked off as terminated 202,670,909.00 2,158,999.00 

In force at end of year 8 342,383,034.00 § 3,439,430.24 

Deduct amount re-insured 34,854,367.00 328,188.61 

Net amount in force at end of year $ 307,528,667.00 S 3,111,241.63 



Year 

W BITTEN. 

In 1900 1 

In 1899 2 

In 1900 2 

In 1898 3 

In 1899 3 

In 1900 3 

[D 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1896 5 

[d ! 397 5 

Ih L898 5 

In 1899 5 

In 1900 5 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Fraction 
Unearned. 



Term. 

year or less.—.One-half 

years One-fourth 

years Three-fourths. 

years One-sixth 

years One-half 

years Five-sixths 

years One-eighth 

years Three-eighths 

years Five-eighths 

years Seven-eighths 

years One-tenth 

years Three tenths- 
years One-half 

years Seven-tenths.-. 

years Nine-tenths... 



Amount 


Premiums 


Premiums 


< 'ovebe'd. 


Charged. 


Unearned. 


121,903,923.00 8 


1,378,539.58 


S 684,269.79 


877,420.00 


5,911.13 


1,477.78 


853,603.00 


7,606.61 


5,704.95 


41,126,306.00 


337,526.21 


56,254.37 


1 1,480.00 


327,324.89 


103,662.44 


38, 157,542.00 


355,318.85 


296,099.05 


517,874.00 


4,868.86 


608.61 


897,749.00 


7,669.89 


2,876.19 


635, 164.00 


5,515.28 


3,447.05 


562,350.00 


5,783.21 


5,060.30 


11,392,204.00 


126,772.12 


12,677.21 


11,434,037.00 


120,069.73 


37,820.91 


12,864,987.00 


131,038.70 


65,819.35 


13,287,995.00 


138,160.40 


96,712.30 


13,823,733.00 


152,53f-. 11 


137,282.49 



Totals 8 307,528,667.00 * 3,111,241.63 8 1,569,772.79 



276 



Document No. 10. 



[Session 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year __ $ 1,085,092.34 

Net premiums received during 

year $ 1,942,320.35 

Increase in gross uncollected 

premiums $ 28,507.96 

Increase in re-insurance fund_._ 93,188.52 64,080.56 

Total net premiums earned $ 1,877,639.79 

Interest, etc., received $ 185,622.19 

Increase in accrued interest, etc., 159,217.99 

Total interest earned 344,840.18 

Total premiums and interest 

earned $ 2,222,479.97 

Net losses paid during year $ 1,142,707.20 

Increase in net unpaid losses 19,743.22 

Total net losses incurred $ 1,162,450.42 

Expenses paid $ 770,276.88 

Increase in unpaid expenses 5,701.60 

Total expenses incurred 775,978.48 

Total losses and expenses in- 
curred 1,938,42S.90 

Net gain for year $ 284,051.07 

Dividends to stockholders 150,000.00 

Total dividends incurred for 

year 150,000.00 

Increase in surplus for year $ 134,051.07 

Surplus at end of year $ 1,819,143.41 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written g 1,102,906.00 

Gross premiums received 10,898.28 

Re-insurance premiums 981.48 

Losses paid 3,911.86 

Losses incurred 3,150.98 

Number of agents working in State during year, 44. 



1903.] 



Document No. 10. 



277 



SUN INSURANCE OFFICE OF GREAT BRITAIN. 

Located in U. S. at New York, N. Y. 
Incorporated 1710. Commenced Business in TJ. S. 1882. 

J. J. Guile, Manager. 



Amount of net or ledger assets December 31, 1899 $ 2, 378, 253. 38 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 1,973,204.50 8 

Deduct re-insurance, rebate, abatement and return 

premiums 457,396.71 



Net cash received for premiums S 1,515,867.79 



Rents 

Interest received on mortgages 

Interest and dividends on stocks and bonds-- 
Interest and dividends from all other sources- 
Profit on sale or maturity of ledger assets 

Total income 



Aggregate last balance and income 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 1,176,899.95 $ 

Deduct salvage and re-insurance 118,977.12 



1,515,867.79 
20, 316. 80 

9, 080. 00 
69, 685. 22 

1, 402. 04 
14, 162. 62 

-$ 1,630,514.47 

$ 4,008,767.85 



Net cash paid for losses § 1,057,922.83 



1,057,922.83 

Commissions or brokerage and allowances to agents 401, 632. 77 

Salaries and fees of officers and employees 94, 343.45 

Taxes 53,941.13 

Loss on sales or maturity— ledger assets 19, 961. 25 

All other expenditures 59, 677. 72 

Total disbursements during the year $ 1, 687, 479. 15 

Balance December 31, 1900 $ 2,321,288.70 



ASSETS 



AS PER LEDGER ACCOUNTS. 



Book value of real estate owned. 

Loans on mortgages 

Book value of stock and bonds _. 

Ca9h in company's office 

Cash in bank 

Agents' debit balances 



261,189.97 

188,000.00 

1,530,285.27 

(125.27 

197,029.15 

147,232.62 



$ 2,324,362.28 



278 Document No. 10. [Session 

Deduct agents' credit balances $ 3,073.58 

$ 3, 073. 58 

Total net or ledger assets $ 2,321,288. 70 

OTHER ASSETS. 

Rents and interest due and accrued 21, 113. 15 

Market value of stocks and bonds over book value 125,424. 73 

Uncollected premiums 79,824.94 

Gross assets $ 2,547,651.52 

Non-admitted assets — 

Depreciation in book value of real estate, etc $ 11,189.97 

Total deductions 1], 189.97 



Total admitted assets $ 2,536,461.55 



LIABILITIES. 

Losses adjusted and unpaid $ 54,053.44 

Losses in process of adjustment 163,721.00 

Losses resisted 13,753.00 



Net amount of unpaid losses, less re-insurance $ 194, 300. 16 

Total unearned premiums 1, 347, 856. 63 

Salaries, rents, etc., due and accrued 4,077.85 

Return and re-insurance premiums 9, 706. 00 

Total liabilities $ 1,555,940.64 

Net surplus 980,520.91 

Total liabilities, including cash capital and net surplus $ 2, 536, 461. 55 

MISCELLANEOUS. 

EISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year 8 327,457,988.00 $ 2,790,425.97 

Written during year 207,438,897.00 1,960,372.25 

Total $ 534,896,885.00 $ 4,750,798.22 

Deduct those expired and marked off as terminated 198,585,962.00 1,855,252.46 



In force at end of year $ 336,310,923.00 $ 2,895,545.76 

Deduct amount re-insured 24,350,942.00 183,325.29 

Net amount in force at end of year $ 311,959,981.00 $ 2,712,220.47 

Largest amount in any one hazard $ 75,000.00 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 1900 1 year or less— One-half $ 97,730,809.00 $ 1,048,744.90 $ 524,372.45 

In 1898 3 years One-sixth 56,737,409.00 380,568.41 63,428.07 

In 1899 3 years Three-sixths 44,116,612.00 313,444.37 156,722.18 

In 1900 3 years Five-sixths 43,566,105.00 320,273.68 266,894.74 

In 1896 5 years One-tenth 10,854,163.00 104,565.37 10,456.53 

In 1897 5 years Three-tenths 14,016,975.00 129,855.05 38,956.51 

In 1898 5 years Five-tenths 17, 895, 233. on 152,337.92 76,168.96 

In 1899 5 years Seven-tenths 13,673,333.00 125,727.87 88,009.51 

In 1900 5 years Nine-tenths 13,285,042.00 135,861.20 122,275.08 



1903.] Document No. 10. 279 

In 1899 6 years.. -Nine-twelfths $ 5,000.00 - 75.00 $ 56.25 

In 1897 7 years Seven-fourteenths 

In 1S98 7 years Nine-fourteenths 

In 1899 7 years Eleven-fourteenths 

In 1900 7 years Thirteen-fourteenths 

In 1S92 10 years Three-twentieths 

In 1897 10 years Thirteen-twentieths 

In 1898 10 years Fifteen-twentieths 

In 1899 10 years Seventeen-twentieth?... 

In 1900 10 vears Nineteen-twentieths 



1,000.00 


10.00 


5.00 


25,500.00 


296.25 


190.44 


9,000.00 


45.75 


35.94 


1,200.00 


24.00 


22.28 


115,200.00 


86.00 


12.90 


1,000.00 


15.00 


9.75 


19,000.00 


172.00 


129.00 


1,400. nn 


7.70 


6.54 


5,000.00 


110.00 


104.50 



Totals $311,959,981.00 g 2,712,220.47 $ 1,347,856.63 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 1,010,142.55 

Net premiums received during 

year $ 1,515,867.79 

Decrease in gross uncollected 

premiums $ 21,359.76 

Increase in re-insurance fund __ 2,352.18 23,711.94 

Total net premiums earned 

Interest, etc., received 

Increase in accrued interest, etc. 

Total interest earned 



Total premiums and interest 
earned 

Net losses paid during year 

Decrease in net unpaid losses 

Total net losses incurred 

Expenses paid 

Decrease in unpaid expenses.. 

Total expenses incurred 



Total losses and expenses in- 
curred 

Net loss for year 

Remitted to home office during 
year — 



9 


91,394.02 

41,732.87 

1,057,922.83 
3,522.53 


5 


1,492,155.85 
133,126.89 


$ 




t 


S 


1,054,400.30 
507,421.04 


1 025 282 74 


$ 




■$ 


597,421.99 
.95 
















1,651,821.34 




9 


26,5:; -.m' 
3,083.04 



Decrease in surplus for year 8 29,621.64 

Surplus at end of year $ 980,520.91 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 869,809.00 

Gross premiums received : 8,589.99 

Losses paid 4,751.22 

Losses incurred 4,057.95 



280 Document No. 10. [Session 

SUN INSURANCE COMPANY OF LOUISIANA. 

Located at New Orleans, La. Incorporated 1855. Commenced Business 1856. 

Charles Janvier, President. Fergus G. Lee, Secretary. 



Cash capital, $500,000. 

Amount of net or ledger assets December 31, 1899 $ 1, 061, 712. 52 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 004,741.47 $ 33,418.58 

Deduct re-insurance, rebate, abatement and return 

premiums 223,297.83 10,916.70 



Net cash received for premiums $ 381,443.64 8 22,501.88 



403, 945. 52 

Rents 3,291.76 

Interest received on mortgages 22. 50 

Interest and dividends on stocks and bonds 36, 314. 00 

Interest and dividends from all other sources 191.98 

Profit on sale or maturity of ledger assets 943. 25 

From all other sources 4, 900. 94 

Total income $ 449,609.94 

Aggregate last balance and income $ 1,511, 322. 48 

DISBURSEMENTS. 

Marine and 
Fiee. Inland. 

Gross cash paid for losses $ 299,0S5.43 § 7,297.51 

Deduct salvage and re-insurance 55,588.34 35.68 

Net cash paid for losses $ 244, 0:17.0:1 $ 7,261.83 



251,358.92 

Paid stockholders (interest or dividends) 61,752.50 

Commissions or brokerage and allowances to agents 65, 986. 07 

Salaries and fees of officers and employees 23, 350. 73 

Taxes 20,856.65 

Loss on sales or maturity — ledger assets 441. 14 

All other expenditures 53 459. 84 



Total disbursements during the year $ 477, 205. 85 

Balance December 31, 1900 $ 1,034, 116. 63 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 35,000.00 

Book value of stocks and bonds 978,155.00 

Cash in company's office 725.10 

Cash in bank 20,236.53 

Total net or ledger assets $ 1,034, 116. 63 



1903.] Document No. 10. 281 

OTHER ASSETS. 

Market value of stocks and bonds over book value § 13, 559. 00 

Uncollected premiums 53, 972. 59 

Total admitted assets $ 1,100,648.22 

LIABILITIES. 

Losses adjusted and unpaid S 11,752.00 

Losses in process of adjustment 37,784.15 

Losses resisted '-', 431.00 



Net amount of unpaid losses, less re-insurance $ 40,869.26 

Total unearned premiums ' 241,736.46 

Unpaid dividends due stockholders 1, 182. 50 

Return and re-insurance premiums 2, 141. 99 

Total liabilities § 285,930.21 

Cash capital 500,000.00 

Net surplus 314,718.01 

Total liabilities, including cash capital and net surplus $ 1, 100, 648. 22 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 38,001,457.34 $ 564,493.70 

Written during year 40,755,5(58.16 600,945.10 

Total S 79,657,025.50 $ 1,165,438.80 

Deduct those expired and marked oft as terminated 39,550,740.45 547,022.79 

In force at end of year S 40,100,2S5.05 $ els, 416.01 

Deduct amount re-insured 9,861,501.57 140,076.05 



Net amount in force at end of year $ 30,244,783.48 $ 478,339.96 

Largest amount in any one hazard S 50,000.00 



Marine and 

Inland. Premiums. 

Written during year 8 9,150,753.00 $ 34,809. lo 

Total $ 9,150,753.00 $ 34,869.10 

Deduct those expired and marked oft 'as terminated 9,150,753.00 34,869.10 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 19<xt 1 year or less One-half $ 21,468,035.95 $ 328,110.31 8 164,055.15 

In 1899 2 years One-fourth 46,194.67 756.08 

In 1900 2 years Three-fourths 119,125.00 1,526.83 1,145.10 

In 1898 3 years One-sixth 2,709,820.51 42,279.46 7,046.57 

In 1899 3 years One-half 2,219,735.53 37,964.14 18,982.06 

In 1900 3 years Five-sixths 2,480,785. If, 45,109.45 37,591.21 

In 1897 4 years One-eighth 21,541.00 356.45 44.55 

Fnl898 4 years Three-eighths 15,000.00 142.14 iO 

In 1899 4 years Five-eighths 0.00 53.54 

In 19(Xi 4 years Seven-eighths — 14,693.00 157.47 137.79 

In 1896 5 years .1 One-tenth 101,406.00 2,80! 280.97 



282 Document No. 10. [Session 

• 

In 1S97 5 years Three-tenths $ 195,711.00 $ 3,546.52 8 1,003.95 

In 189S 5 years One-half 217,023.00 4,785.22 2,392.61 

In 1899 5 years Seven-tenths 317,325.66 4,844.38 3,391.03 

In 1900 5 years Nine-tenths 287,587.00 5,866.12 5,309.61 

Totals $ 30,244,783.48 $ 478,339.96 $ 241,736.46 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 310 910.02 

Net premiums received during 

year $ 403,945.52 

Increase in gross uncollected 

premiums $ 1,229.10 

Increase in re-insurance fund___ 12,162.34 10,933.24 



Total net premiums earned $ 393,012.28 

Interest, etc., received $ 34,357.45 

Increase in accrued interest, etc., 10,224.23 

Total interest earned 44,581.68 

Total premiums and interest 

earned $ 437,593.96 

Net losses paid during year $ 251 ,358.92 

Decrease in net unpaid losses___ 15,958.40 

Total net losses incurred $ 235,400.52 

Expenses paid : $ 154,021.07 

Decrease in unpaid expenses 5,635.62 

Total expenses incurred 148,385.45 

Total losses and expenses in- 
curred 383,785.97 

Net loss for year $ 53,807.99 

Dividends to stockholders 61,752.50 

Decrease insametostockholders, $ 11,752.50 
Total dividends incurred for 

year 50,000.00 

Increase in surplus for year $ 3,807.99 

Surplus at end of year $ 314,718.01 



1903.] Document No. 10. 283 

SVEA FIRE AND LIFE INSURANCE COMPANY OF 

SWEDEN. 

Located in U. S. at New York, N. Y. 
Weed & Kennedy, U. S. Managers. 



Deposit capital, $200, 000. 

Amount of net or ledger assets December 31, 1899 $ 580,725.98 

INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums $ (589,0(54.78 $_ 

Deduct re-insurance, rebate, abatement and return 

premiums 199,038.11 __ 

Net cash received for premiums $ 490,026.67 S_ 



490, 026. 67 

Interest and dividends on stocks and bonds 16, 287. 58 

Interest and dividends from all other sources 692. 96 

Profit on sale or maturity of ledger assets 7, 051. 57 

Received from home office 70,000.00 



Total income S 584,058. 78 



Aggregate last balance and income $ 1, 164, 784. 76 

DISBURSEMENTS. 



Marine and 
Fire. Inland. 



Gross cash paid for losses $ 394,289.44 $. 

Deduct salvage and re-insurance 58,010.33 __ 



Net cash paid for losses $ 335,(579.11 $- 



335,679.11 

Remitted to home office 15, 931. 24 

Commissions or brokerage and allowances to agents 160, 126. 69 

Salaries and fees of officers and employees 900. 00 

Taxes - - 17, 354. 78 

All other expenditures 9, 367. 91 

Total disbursements during the year $ 539, 359. 73 

Balance December 31, 1900 $ 625, 425. 03 



ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of stocks and bonds | 521,248.74 

Cash in company's office 1,328.26 

Cash in bank 84, 81s. 81 

Bills receivable 20,200.89 



$ 633, 602. 72 
Deduct agents' credit balances $ 8,177.70 

8, 177. 70 



Total net or ledger assets $ 625,425.03 



284 Document No. 10. [Session 

OTHER ASSETS. 

Rents and interest due and accrued $ 4, 397. 91 

Market value of real estate over book value 138. 76 

Uncollected premiums 81, 032. 85 

Total admitted assets — $ 710,994.55 



LIABILITIES. 

Losses adjusted and unpaid $ 14,799.58 

Losses iu process of adjustment 20,237.91 

Losses resisted 8,313.00 

Net amount of unpaid losses, less re-insurance $ 47, 022. 55 

Total unearned premiums 327, 824. 79 

Commissions due agents and brokers 5, 735. 11 

Salaries, rents, etc., due and accrued 317.08 

Return and re-insurance premiums 13, 595. 78 

All other liabilities 314. 10 



Total liabilities $ 394,809.41 

Net surplus 316, 185. 14 

Total liabilities, including cash capital and net surplus $ 710,994. 55 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 41,197,652.00 $ 582,778.75 

Written during year 48,143,248.00 705,876.27 

Total $ 92,340,900.00 $ 1,288,655.02 

Deduct those expired and marked off as terminated 45,100,047.00 611,950.92 

In force at end of year $ 47,240,853.00 $ 676,704.10 

Deduct amount re-insured 3,229,466.00 50,268.57 

Net amount in force at end of year $ 44,011,387.00 $ 626,435.53 

Largest amount in any one hazard $ 30,000.00 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year. Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 1900 lyearorless__One-half $ 26, 401,529. 00 $ 379,763.31 $ 189,881.66 

In 1899 2 years One-fourth 102,418.00 882.05 220.51 

In 1900 2 years Three-fourths 290,599.00 3,532.89 2,049.67 

In 1898 3 years One-sixth 4,150,605.00 53,404.11 8,900.69 

In 1899 3 years One-half—.. 3,294,383.00 45,039.15 22,519.57 

In 1900 3 years Five sixths 4,988,921.01) 81,140.87 07,617.37 

In 1897 4 years One-eighth 109,600.00 879.53 109.94 

In 1898 4 years Three-eighths 113,125.00 1,378.20 516.83 

In 1899 4 years Five-eighths 16,500.00 328.33 205.20 

In 1900 4>ears Seven eighths 159,985.00 1,735.69 1,518.73 

In 1X90 5 years One-tenth 581,575.00 7,341.14 734.11 

In 1897 5 years Three-tenths 816,697.00 9,758.27 2,927.48 

In 1898 5 years One-half 941,508.00 11,709.08 5,854.54 

In 1899 5 years Seven-tenths 880,617.00 12,100.63 8,470.44 

In 1900 5 years Nine-tenths 1,103,253.00 17,442.28 15,698.05 

Totals $ 44,011,387.00 * 626,345.52 $ 327,824.70 



1903.] Document No. 10. 285 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year 3 316,143.42 

Net premiums received during 

year S 400,026.67 

Increase in gross uncollected 

premiums $ 21,965.63 

Increase in re-insurance fund— 59,716.51 37,750.88 

Total net premiums earned S 452,275.79 

Interest, etc., received $ 16,980.54 

Increase in accrued interest, etc., 2,453.16 

Total interest earned 19,433.70 

Total premiums and interest 

earned I 471,709.49 

Net losses paid during year $ 335,679.11 

Decrease in net unpaid losses 6,133.38 

Total net losses incurred S 329,545.73 

Expenses paid $ 187,749.38 

Increase in unpaid expenses 8,441.42 

Total expenses incurred 196,190.80 

Total losses and expenses in- 
curred 525,736.53 

Net loss for year 8 54,027.04 

Received from home office during 

year 8 70,000.00 

Remitted to home office during 

year 15,931.24 

Net received from home office 

during year v 54,068.76 

Increase in surplus for year 8 41.72 

Surplus at end of year S 316,185.14 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 65,766.00 

Gross premiums received 1,235.23 



286 Document No. 10. [Session 

TEUTONIA INSURANCE COMPANY OF LOUISIANA. 

Located at New Orleans, La. Incorporated 1871. Commenced Business 1871. 
Albert P. Noll, President. George Meyer, Secretary. 



Cash capital, $250,000. 

Amount of net or ledger assets December 31, 1899 $ 661, 059. 66 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 648,437.32 $ 34,035.02 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 243,715.17 7,473.50 



Net. cash received for premiums $ 444,722.15 $ 26,561.52 



471,283.67 
Interest and dividends on stocks and bonds 20, 982. 76 

Total income $ 492, 266. 43 

Aggregate last balance and income $ 1, 153, 326.09 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 335,705.10 $ 11,545.77 

Deduct salvage and re-insurance 40,005.31 

Net cash paid for losses 8 295,789.79 $ 11,545.77 



307, 335. 56 

Paid stockholders (interest or dividends) 25, 335. 00 

Commissions or brokerage and allowances to agents 114, 618. 15 

Salaries and fees of officers and employees 20, 850. 00 

Taxes 19,642.00 

All other expenditures 25, 470. 07 

Total disbursements during the year $ 513, 250. 78 

Balance December 31, 1900 $ 640, 075. 31 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 40,000.00 

Book value of stocks and bonds 568,030.00 

Cash in company's office 303.33 

Cash in bank 31,741.98 

Total net or ledger assets $ 640, 075. 31 



1903.] Document No. 10. 287 

OTHER ASSETS. 

Market value of stocks and bonds over book value $ 5, 135.00 

Uncollected premiums 76, 000. 32 

Total admitted assets $ 721,210.63 

LIABILITIES. 

Losses adjusted and unpaid 8 28,156.81 

Net amount of unpaid losses $ 28, 156. 81 

Total unearned premiums 235,355.16 

Unpaid dividends due policy-holders 13, 150.00 

Commissions due agents and brokers 4, 000. 00 

Total liabilities 8 280,661.97 

Cash capital 250,000.00 

Net surplus 190,548.66 

Total liabilities, including cash capital and net surplus $ 721,210.63 



MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year 1 32,283,438.00 - 482,678.94 

Written during year 40,501,250.00 657,153.42 



Total $ 72,784,688.00 $ 1,139,832.36 

Deduct those expired and marked off as terminated 33,174,255.00 622,234.94 

In force at end of year $ 30,610,433.00 $ 517,597.42 

Deduct amount re-insured 6,423,040.00 75,626.60 

Net amount in force at end of year $ 33,187,393.00 $ 441,970.82 

Largest amount in any one hazard $ 50,000.00 



Marine and r> 

Inland. Premiums. 

Written during year $ 5,682,524.00 8 34,311.07 

Total $ 5,682,524.00 8 34,311.07 

Deduct those marked off as cancelled 5,682,524.00 34,311.07 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 1900 lyearorless One-half S 26,006,987.00 $ 337,513.97 8 168,756.98 

In 1898 3 years One-sixth 800,455.00 15,404.55 2,567.41 

In 1899 3 years One-half 2,047,863.00 32,319.39 16,659.69 

In 1900 3 years Five-sixths 3,785,632.00 50,134.25 41,778.50 

In 1898 5 years One-half 14,763.00 159.10 79.55 

In 1899 5 years Seven-tenths inn, 741. 00 1,413.20 989.31 

In 1900 5 years Nine-tenths 430,952.00 5,026.36 4,523.72 

Totals S 33,187,393.00 8 441,970.82 S 235,355.16 



288 Document No. 10. [Session 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 221,314.12 

Net premiums received during 

year $ 471,283.67 

Increase in gross uncollected 

premiums $ 9,005.05 

Increase in re-insurance fund 7,322.35 10,415.40 

Total net premiums earned $ 454.868.27 

Interest, etc., received $ 20,982.76 

Increase in accrued interest, etc., 5,135.00 

Total interest earned 26,117.76 

Total premiums and interest 

earned $ 480,986.03 

Net losses paid during year $ 292, 200.. 50 

Increase in net unpaid losses 13,021.81 

Total net losses incurred $ 305,222.37 

Expenses paid 8 180,580.22 

Increase in unpaid expenses 948.90 

Total expenses incurred 181,529.12 

Total losses and expenses in- 
curred 486,751.49 

Net loss for year $ 5,765.40 

Dividends to stockholders 25,000.00 

Total dividends incurred foryear, 25,000.00 

Increase in surplus for year $ 30,705.40 

Surplus at end of year $ 190,548.00 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written § 574,958.00 

Gross premiums received 10, 186.27 

Losses paid 7,453.25 

Losses incurred 7,453.25 

Number of agents working in Slate during year, 78. 



1903.] Dccument No. 10. 289 

TRADERS INSURANCE COMPANY OF ILLINOIS. 

Located at Chicago, 111. Incorporated 1865. Commenced Busine.s 1872. 

E. Buckingham, President. S. A. Rothermel, Secretary. 



Cash capital, $500,000. 

Amount of net or ledger assets December 31, 1899 $ 1, 824, 508. 56 

INCOME. 



Marine and 
Fire. Inland. 

Gross cash received for premiums 9 1,401,297.71 $ 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 312,680.65 

Neteash received for premiums 8 1,088,617.06 S 

1,088,617.06 

Rents 1,212.87 

Interest received on mortgages 14,323.06 

Interest received on collateral loans 386. 86 

Interest and dividends on stocks and bonds 78, 813. 22 

Interest and dividends from all other sources 463. 40 

Profit on sale or maturity of ledger assets 54, 693. 75 

Total income $ 1,239,510.22 

Aggregate last balance and income 1 3, 064, 018. 78 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses S 776,344.35 8 

Deduct salvage and reinsurance lis, mis. 03 



Net cash paid for losses ? 658,336.32 $. 



658, 336. 32 

Paid stockholders (interest or dividends) 50, 000. 00 

Commissions or brokerage and allowances to agents 239, 243. 85 

Salaries and fees of officers and employees 73, 928. 89 

Taxes 42, 538. 49 

All other expenditures 64, 510. 27 

Total disbursements during the year $ 1, 128,557.82 

Balance December 31, 1900 $ 1,935,460.96 



ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 15,746.17 

Loans on mortgages 176,850.00 

Loans on collaterals 21,000.00 

Book value of stocks and bonds 1,581,504.15 

Cash in company's office 770.16 

Cash in bank 104,116.33 

Allother 15,975.24 

19 $ 1,945,962.05 



290 Document No. 10. [Session 

Deduct ledger liabilities $ 10,501.09 

$ 10,501.09 



Total net or ledger assets $ 1,935,460.96 

OTHER ASSETS. 

Rents and interest due and accrued 10, 913. 15 

Market value of stocks and bonds over book value 324, 255. 25 

Uncollected premiums 135, 354. 78 

Total admitted assets $ 2,405,984. 14 

LIABILITIES. 

• 

Losses adjusted and unpaid $ 37,187.13 

Losses in process of adjustment 77,104.10 

Losses resisted 11,435.00 



Net amount of unpaid losses, less re-insurance $ 106, 798. 03 

Total unearned premiums 787, 288. 05 

Total liabilities $ 894,086.08 

Cash capital 500,000. 00 

Net surplus 1,011,898.06 

Total liabilities, including cash capital and net surplus $ 2, 405, 984. 14 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 115,540,592.00 $ 1,312,577.70 

Written during year 116,075,063.00 1,445,094.26 



Total $ 231,015,655.00 $ 2,757,671.96 

Deduct those marked off as terminated 106,617,545.00 1,158,206.19 

In force at end of year $ 124,998,110.00 $ 1,599,405.77 

Deduct amount re-insured 8,926,503.00 112,100.78 

Net amount in force at end of year $ 116,071, G07. 00 $ 1,487,364.99 

Largest amount in any one hazard 8 25,000.00 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year Fraction 

Written. Term. Unearned. 

In 1900 1 year or less One-half $ 61,946,611.00 | 

In 1899 2 years One-fourth 

In 1900 2 years Three-fourths 

In 1898 3 years One-sixth 

In 1899 3 years One-half 10,919,159.00 

In 1900 3 years Five-sixths 

In 1897 4 years One-eighth 

In 1898 4 years Three-eighths 

In 1899 4 years Five-eighths 

In 1900 4 years Seven-eighths 

In 1896 5 years One-tenth 

In 1897 5 years Three-tenths 

In 1898 5 years One-half 

In 1899 5 years Seven-tenths 

In 1900 5 years Nine- tenths 



Amount 


Premiums 


Premiums 


Covered. 


Charged. 


Unearned. 


61,946,611.00 $ 


824,855.38 $ 


412,427.69 


433,476.00 


4,088.00 


1,022.00 


524,296.00 


0,495.77 


4,871.83 


9,671,218.00 


111,674.84 


18,012.47 


10,919,159.00 


131,543.49 


05,771.75 


15,648,789.00 


184,137.28 


153,447.70 


427,800.00 


3,771.61 


471.45 


583,420.00 


4,779.53 


1,792.32 


638,641.00 


5,286.03 


3,303.75 


858,400.00 


7,629.47 


6,675.76 


1,607,647.00 


25,841.82 


2,584.18 


2,287,110.00 


33,195.23 


9,958.56 


2,600,104.00 


35,884.11 


17,942.05 


3,389,017.00 


44,788.14 


31,351.67 


4,535,913.00 


63,394.29 


57,054.87 



Totals 1116,071,007.00 $ 1,487,364.99 $ 787,288.05 



1903.] Document No. 10. 291 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 1,021,509.42 

Net premiums received during 

year $ 1,088,617.06 

Increase in gross uncollected pre- 
miums S 43,806.20 

Increase in re-insurance fund 15%460.12 111,653.92 

Total net premiums earned $ 976,963.14 

Interest, etc., received $ 95,398.53 

Increase in accrued interest, etc. 50,445.18 

Total interest earned 145,843.71 

Total premiums and interest 

earned $ 1,122,806.85 

Net losses paid during year $ 658,336.32 

Increase in net unpaid losses 857.70 

Total net losses incurred $ 659,194.02 

Expenses paid $ 418,891.97 

Increase in unpaid expenses 4,332.22 

Total expenses incurred 423,224,19 

Total losses and expenses in- 
curred 1,082,418.21 

Net gain for year $ 40,388.64 

Dividends to stockholders 50,000.00 

Total dividends incurred for year, 50,000.00 

Decrease in surplus for year $ 9,611.36 

Surplus at end of year $ 1,011,898.06 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written , $ 865,069.00 

Gross premiums received 15,405.47 

Losses paid 6,936.06 

Losses incurred 7,716.68 

Number of agents working in State during year, 40. 



292 Document No. 10. [Session 

UNDERWRITERS OF GREENSBORO INSURANCE COM- 
PANY OF NORTH CAROLINA. 

Located at Greensboro, N. C. Incorporated 1897. Commenced Business 1898. 
J. Van Lindley, President. A. W. McAlister, Secretary. 



Cash capita], $37, 500. 

Amount of net or ledger assets December 31, 1899 $ 89,019.41 

INCOME. 



Marine and 
Fire. Inland. 



Gross cash received for premiums $ 19,026.05 $_ 

Deduct re-insurance, rebate, abatement and return 

premiums 1,155.64 __ 

Net cash received for premiums $ 17,870.41 $_ 



17, 870. 41 

Interest received on mortgages 1,774.02 

Interest and dividends on stocks and bonds 1, 049. 00 

From all other sources 641. 71 



Total income $ 21,335.14 

Aggregate last balance and income $ 110, 354. 55 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 6,750.59 $ 



6, 750. 59 

Paid stockholders (interest or dividends) 2, 220. 00 

Commissions or brokerage and allowances to agents 6, 164. 25 

Paid policy-holders (interest or dividends) 1, 363. 84 

All other expenditures 711. 93 

Total disbursements during the year $ 17, 210. 61 

Balance December 31, 1900 $ 93,143.94 

ASSETS. 



AS PER LEDGER ACCOUNTS. 

Loans on mortgages $ 24,900.00 

Loans on collaterals 10,000.00 

Book value of stocks and bonds 12,375.00 

Cash in company's office 172.64 

Cash in bank 4,703.21 

All other 2,961.93 






$ 55, 112. 78 

Deduct agents' credit balances $ 17.84 

17.84 



Total net or ledger assets $ 55,094.94 



1903.] Document No. 10. 293 

OTHER ASSETS. 

Rents and interest due and accrued $ 1, 049.00 



Total admitted assets $ 56,143.94 



LIABILITIES. 

Total unearned premiums $ 9,340.15 

Unpaid dividends due stockholders 30.00 

Unpaid dividends due policy-holders 1,065.42 

Total liabilities $ 10, 435. 57 

Cash capital 37,500.00 

Net surplus 7,708.37 

Total liabilities, including cash capital and net surplus $ 55, 643. 94 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 1,103,634.00 $ 18,298.84 

Written during year 1,190,276.00 18,839.71 

Total $ 2,293,910.00 $ 37,138.55 

Deduct those expired and marked off as terminated 673,631.00 10,192.89 

In force at end of year $ 1,620,279.00 $ 26,945.66 

Deduct amount re-insured 62,550.00 941.90 



Net amount in force at end of year $ 1,557,729.00 $ 26,003.76 

Largest amount in any one hazard $ 6,000.00 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Net premiums received during 














vear .. . 






8 


17,870.41 






Premiums (re-insurance) $ 


642. 


40 




642.40 






Re-insurance fund 








Total net premiums earned 


S 


17,228.01 




Interest, etc., received _ $ 


2,550. 


34 










Increase in accrued interest, etc. 


272, 


,68 










Miscellaneous gains 


641. 


71 




3,464.73 






Total interest earned 








Total premiums and interest 








earned __ _ . _ 










$ 


20,692.74 


Net losses paid during year $ 


6,750, 


.59 


$ 


6,750.59 






Total net losses incurred 








Expenses paid ... _$ 


6,164 


.25 




6,164.25 






Total expenses incurred. 








Total losses and expenses in- 








curred ... - - 












12,984.37 


Ni.'t i?ain for year „ _ 


$ 


7,708.37 


Dividends to stockholders _ 












2,250.00 


Dividends to policy-holders 












2,638.87 


Carried to re-insurance reserve- 












2,819.50 


Total dividends incurred for year 


$ 


7,708.37 



294 Document No. 10. [Session 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 1,190,276.00 

Gross premiums received 17,870.41 

Re-insurance premiums 642.40 

Losses paid 6,750.59 

Losses incurred 6,750.59 

Number of agents working in State during year, 95. 



UNITED STATES FIRE INSURANCE COMPANY OF 

NEW YORK. 

Located at New York, N. Y. Incorporated 1824. Commenced Business 1824. 
"W. W. Underbill, President. S. M. Craft, Secretary. 



Cash capital, $250, 000. 
Amount of net or ledger assets December 31, 1899 $ 576, 066. 77 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 446,879.86 $ 40,756.82 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 128,768.21 7,287.59 

Net cash received for premiums $ 318,111.65 $ 33,469.23 

^= = oOl, OoO. oo 

Rents 642.06 

Interest received on mortgages 8, 123. 39 

Interest and dividends on stocks and bonds 17, 180. 30 

Profit on sale or maturity of ledger assets 52, 537. 57 

From all other sources 138. 29 



Total income $ 430,202.49 

Aggregate last balance and income $ 1, 006, 269. 26 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses I 199,750.97 S 22,237.47 

Deduct salvage and re-insurance 31,927.09 5,501.15 

Net cash paid for losses $ 167,823.88 $ 16,736.15 

Paid stockholders (interest or dividends) 20, 000. 00 

Commissions or brokerage and allowances to agents 93, 682. 27 

Salaries and fees of officers and employees 25, 071. 67 

Taxes 10,628.04 

Loss on sales or maturity — ledger assets 625.00 

All other expenditures 37,088.42 

Total disbursements during the year $ 371,655.60 

Balance December 31, 1900 $ 634, 613. 66 



1903.] Document No. 10. 295 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 45,327.21 

Loans on mortgages 309,200.00 

Book value of stocks and bonds 259,031.75 

Cash in company's office 6,138.04 

Cash in bank 14,916.66 

All other 10-00 

Total net or ledger assets $ 634, 623. 66 

OTHER ASSETS. 

Eents and interest due and accrued 2, 477. 57 

Market value of real estate over book value 672. 79 

Market value of stocks and bonds over book value 9, 139. 50 

Uncollected premiums "•">, 994. 17 

Total admitted assets $ 722,907.69 

LIABILITIES. 

Losses adjusted and unpaid 3 8,256.79 

Losses in process of adjustment 37,537.68 

Losses resisted 5,563. 18 

Net amount of unpaid losses, less re-insurance $ 45, 946. 53 

Total unearned premiums ' 276,382.17 

Salaries, rents, etc., due and accrued 1, 166.00 

Return and re-insurance premiums 25, 313. 10 

Total liabilities---- $ 348,807.80 

Cash capital 250,000.00 

Net surplus 124, 099. 89 

Total liabilities, including cash capital and net surplus 8 722, 907. 69 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year 8 43,084,595.00 $ 441,281.85 

Written during year 43,864,763.00 465,457.79 

Total S 86,949,:' .739.64 

Deduct those expired and marked off as terminated 33,384,819.00 366,320.74 

In force at end of year S 53,564,539.00 8 540,418.90 

Deduct amount re-insured 5,947,352.00 67,219.55 



Net amount in force at end of year S 47,6J7, 187.00 3 473,199.35 



Marine and 

Inland. Premiums. 

In force at beginning of year $ 1,226,092.00 8 32,259.71 

Written during year 2,204,145.00 10,722.98 

Total 8 3,430,237.0 I - 72,982.69 

Deduct those expired and marked off as terminated 2,347,729.00 40,927.13 

In force at end of year 8 1,082,508.00 - 32,055.56 

Deduct amount re-insured 4,500.00 215.00 



Net amount in force at end of year ft 1,078,008.00 $ 31,840.56 



296 



Document No. 10. 



[Session 



RECAPITULATION* OF FIKE RISKS AND PREMIUMS. 



Year 
Written. 

In 1900 1 

In 1899 2 

In 1900 2 

In 1898 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1896 5 

In 1837 5 

In 1898 5 

In 1899 5 

In 1900 5 



Fraction Amount 

Term. Unearned. Covered. 

year or less One-half S 22,579, 944. 00 

years One- fourth 111,300.00 

years Three-fourths ._ 36,850.00 

years One-sixth 5,687,850.00 

years One-half 6,10(1,409.00 

years Five-sixths 7,787,557.00 

years One-eighth 38,000.00 

years Three-eighths.. 39,300.00 

years Five-eighths 21,400.00 

years Seven-eighths 40,200.00 

years One-tenth 857,737.00 

years Three-tenths 836,156.00 

years One-half 1,045,647.00 

years Seven-tenths .__ 1,059,367.00 

years Nine-tenths 1,315,470.00 



Totals $ 47,617,ls7jm 



Premiums 
Charged. 

237,547.35 $ 

1,101.26 

412.05 

52,777.59 

55,711.97 

64,897.27 

290.75 

323.83 

165.79 

413.29 

8,747.34 

9,181.34 

11,872.01 

12,578.15 

17,159.36 

473,199.35 $ 



Premiums 
Unearned. 

118,773.67 

275.31 

309.04 

8,796.26 

27,855.98 

54,081.06 

36.34 

121.44 

103.62 

361.63 

874.73 

2,754.40 

5,936.00 

8,818.71 

15,443.42 

244,541.61 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year. 
Net premiums received during 

year 

Increase in gross uncollected 

premiums $ 

Increase in re-insurance fund _. 

Total net premiums earned 

Interest, etc., received $ 

Increase in accrued interest, etc., 

Total interest earned 



Total premiums and interest 
earned 

Net losses paid during year $ 

Increase in net unpaid losses 



Total net losses incurred 

Expenses paid 

Increase in unpaid expenses 

Total expenses incurred 



Total losses and expenses in- 
curred 



Net loss for year 

Dividend-; to stockholders 

Total dividends incurred for year, 

Decrease in surplus for year 

Surplus at end of year 



11,682.76 

63,379.02 



$ 351,580.88 



51,696.26 



■J 1.505. 88 
2,344.77 



181,560.20 
6,673.46 



164,892.24 

1 299 93 



299,884.62 



26,850.65 



191,233.66 



166,114.47 



326,735.27 



357,348.13 



30,612.86 
20,000.00 
20,000.00 



50,612.86 



174,712.75 



124,099.89 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Gross ri>ks written $ 

Gross premiums received 

Re-insurance premiums 

Losses paid 

Losses incurred 



Fire Risks. 

1,077,574.00 

15,518.23 

1,618.63 

6,888.39 

8,431.97 



1903.] Document No. 10. 297 

UNION ASSURANCE SOCIETY OF GREAT BRITAIN. 

Located in U. S. at New York, N. Y. 

Incorporated 1714. Commenced Business in U. S. 1891. 

Hall & Henshaw, U. S. Managers. 



Amount of net or ledger assets December 31, 1899 $ 1,293,911.46 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 1,575,336.78 $ 

Deduct re-insurance, rebate, abatement and return 

premiums 437,829.78 



Net cash received for premiums $ 1,137,507.00 S- 



1, 137,507.00 

Eents 8,924.02 

Interest and dividends on stocks and bonds--! 36, 866. 00 

Interest and dividends from all other sources 580.18 

Cash from home office 159,655.00 

Total income § 1,343,532.20 

Aggregate last balance and income $ 2,637,443.66 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses S 903,235.50 S 

Deduct salvage and re-insurance 101,751.98 



Net cash paid for losses 8 801,483.52 $. 



801,483.52 

Commissions or brokerage and allowances to agents 288, 373. 30 

Salaries and fees of officers and employees 31, 104. 12 

Taxes 39,443.06 

Cash to home office 50,952.68 

All other expenditures 56, 086. 07 

Total disbursements during the year $ 1, 267, 742. 75 

Balance December 31, 1900 $ 1,370,000.91 

ASSETS. 

, AS PER LEDGER ACCOUNTS. 

Book value of real estate owned S 190,973.19 

Book value of stocks and bonds 1,057,331.50 

Ca*h in company's office J3.83 

Cash in bank 102,772.39 



Total net or ledger assets $ 1,370,000.91 



298 



Document No. 10. 



[Session 



OTHER ASSETS. 

Rents and interest due and accrued 

Market value of real estate over book value 

Market value of stocks and bonds over book value- 
Uncollected premiums 



9, 919. 76 

9, 026. 81 

71,038.50 

156, 260. 16 



Total admitted assets $ 1,616,246.14 



LIABILITIES. 

Losses adjusted and unpaid $ 74,2(13.65 

Losses in process of adjustment 110,(196.30 

Losses resisted 13,450.00 

Net amount of unpaid losses, less re-insurance $ 

Total unearned premiums 

Return and re-insurance premiums . 

Total liabilities $ 

Net surplus 

Total liabilities, including cash capital and net surplus--- 



.$ 187, 833. 30 

697, 292. 93 

10, 809. 63 

.$ 891, 935. 86 
724,310.28 

-$ 1,616,246.14 



MISCELLANEOUS. 



RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 127,488,225.00 $ 1,320,343.68 

Written during year 153,776,508.00 1,578,110.32 

Total $ 281,264,733.00 $ 2,898,454.00 

Deduct those expired and marked off as terminated 139,564,426.00 1,434,099.20 

In force at end of year $ 141,700,307.00 $ 1,464,354.80 

Deduct amount re-insured 10,143,951.00 95,238.34 

Net amount in force at end of year $ 131,556,356.00 $ 1,369,116.46 

Largest amount in any one hazard $ 25,000.00 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 



Year 
Written. 



Fraction 
Unearned. 



Amount 
Covered. 



Term. 

In 1900__ 1 year or less One-half ... $ 93,380,428.00 

In 1899 2 years One-fourth 947,154.00 

In 1900 2 years Three-fourths 1,237,300.00 

In 1898 3 years One-sixth Jo, 550, 144.00 



In 1899 3 years One-half 

In 1900 3 years Five-sixths 

In 1897 4 years One-eighlh 

In 1898 4 years Three-eighths. 

In 1899 4 years Five-eighths__. 

In 1900 4 years Seven-eighths. 

In 1896 5 years One-tenth 

In 1897 5 years Three-tenths.. 

In 1898 5 years One-half 

In 1899 5 years Seven-tenths _. 

In 1900 5 years Nine-tenths 



7,139,610.00 

9,652,535.00 

171.734.00 

371,077.00 

520,334.00 

471,757.00 

538,882.00 

623,387.00 

2,213,917.00 

1,591,727.00 

2,146,370.00 



Premiums 
Charged. 

967,299.35 

9,965.57 

12,145.30 

105,781.89 

62,586.26 

100,576.93 

1,522.49 

3,279.62 

3,508.10 

5,107.82 

9,434.15 

9,842.85 

20,560.67 

23,530.25 

33,972.21 



Premiums 
Unearned. 

483,649.68 

2,191.39 

9,108.98 

17,630.82 

31,293.13 

83,S14.ll 

190.31 

1,229.85 

2,192.56 

4,469.34 

943.41 

2,952.85 

10,280.33 

16,471.18 

30,574.99 



Totals $131,556,356.00 $ 1,369,116.46 $ 697,292.93 



1903.] Document No. 10. 299 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 097,915.50 

Net premiums received during 

year 8 1,137,507.00 

Decrease in gross uncollected 

premiums $ 7,779.54 

Increase in re-insurance fund— 55,48G.71 63,266.25 

Total net premiums earned $ 1,074,240.75 

Interest, etc., received $ 46,370.20 

Increase in accrued interest, etc. 29,378.12 

Total interest earned 75,748.32 

Total premiums and interest 

earned S 1,149,989.07 

Net losses paid during year $ 801,483.52 

Decrease in net unpaid losses __ 1,695.41 

Total net losses incurred $ 709,788.11 

Expenses paid $ 415,000.55 

Increase in unpaid expenses 17,501.05 

Total expenses incurred 432,508.50 

Total losses and expenses in- 
curred 1,232,296.61 

Net loss for year $ 82,307.54 

Received from home office dur- 

year 8 159,655.00 

Remitted to home office during 

year 50,952.68 

108,702.32 

Increase in surplus for year S 20,394.7S 

Surplus at end of year $ 724,310.28 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 1,983,818.00 

Gross premiums received 12,157.59 

Re-insurance premiums 12,217.58 

Losses paid 7,541.19 

Losses incurred 7,475.77 

Number of agents working in State during year, 30. 



300 • Document No. 10. [Session 

VIRGINIA FIRE AND MARINE INSURANCE COMPANY 

OF VIRGINIA. 

Located at Richmond, Va. Incorporated 1832. Commenced Business 1832. 

' W. H. Palmer, President. W. H. McCarthy, Secretary. 

Cash capital, $250,000. 
Amount of net or ledger assets December 31, 1899 $ 774,698.80 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premium? $ 656,955.06 $ 

Deduct re-insurance, rebate, abatement and return 

premiums 167,546.47 



Net cash received for premiums 8 48!t,408.67 $. 



489, 408. 67 

Rents 7,469.06 

Interest received on mortgages 12, 243. 58 

Interest received on collateral loans 1, 608. 37 

Interest and dividends on stocks and bonds 15, 900. 60 

From all other sources 3, 058. 71 

Total income $ 529,688.99 

Aggregate last balance and income $ 1, 304, 387. 79 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 398,887.55 $ 

Deduct salvage and re-insurance 52,541.49 



Net cash paid for losses $ 346,346.06 $ 

346, 346. 06 

Paid stockholders (interest or dividends) 19,942.00 

Commissions or brokerage and allowances to agents 100, 205. 85 

Salaries and fees of officers and employees 19, 673. 13 

Taxes 18,429.18 

All other expenditures 22, 613. 65 

Total disbursements during the year - $ 527, 209. 87 

Balance December 31, 1900 $ 777, 177. 92 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned ft 102,823.35 

Loans on mortgages 124,767.62 

Loans on collaterals 18,954.27 

Book value of stocks and bonds 381,398.83 

Cash in company's office 367.52 

Cash in bank 30,501.62 

Bills receivable 1,503.78 

All other . 110,860.93 

Total net or ledger assets $ 777, 177. 92 



1903.] Document No. 10. 301 

OTHER ASSETS. 

Rents and interest due and accrued $ 5, 303. 60 

Market value of stocks and bonds over book value 81, 764. 17 



Gross assets $ 864,245.69 

Non-admitted assets — 

Company's stock— owned $ 2,393.77 

Total deductions 2,393. 77 



Total admitted assets $ 861,851.92 

LIABILITIES. 

Losses adjusted and unpaid $ 33,340.00 

Losses in process of adjustment 48,402.00 

Losses resisted . 2,900.00 

Xet amount of unpaid losses, less re-insurance $ 66,517. 00 

Total unearned premiums 373,251.84 

Unpaid interest due stockholders 183.00 

Total liabilities $ 439,951.84 

Cash capital 250,000.00 

Net surplus 174,293.85 

Total liabilities, including cash capital and net surplus S 864, 245. 69 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year $ 33,804,885.00 $ 011,725.87 

Written during year 41,982,293.00 656,955.14 

Total 8 75,787,178.00 $ 1,268,681.01 

Deduct those marked off as terminated 30,761,847.00 480,938.65 

In force at end of year $ 45,025,331.00 5 787,742.36 

Deduct amount re-insured 4,379,440.00 78,333.57 

Net amount in force at end of year $ 40,645,891.00 $ 709,408.79 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year Fracticn Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 1900 1 year or less One-half $ 22,157,108.00 8 347,654.28 8 173,827.14 

In 1899 2 years One-fourth 7,500.00 100.02 25.00 

In 1900 2 years Three-fourths 49,440.00 432.43 324.32 

In 1898 3 years One-sixth 2,973,058.00 50,400.59 8,400.10 

In 1899 3 years One-half 3,460,771.00 "3.04 301.82 

In 1900 3 years Five-sixths 4,520,376.00 73,540.51 61,283.76 

In 1897 4 years One-eighth 4,330.00 49.67 6.08 

In 1898 4 years Three-eighths 23,500.00 200.20 75.08 

In 1899 4 years Five-eighths 34,250.00 370.36 231.47 

In 1900 4 years Seven-eighths 27,850.00 222.81 194.96 

In 1896 5 years One-tenth 1,068,267.00 27,063.87 2,706.38 

In 1897 5 years Three-tenths 1,238,198.00 "7.35 9,002.20 

InlS98 5 years One-half 1,377,925.00 33,765.75 16,882.88 

In 1899 5 years Seven-tenths 1,539, 302. no 36,534.64 25,574.25 

In 1900 5 years Nine-tenths 2,163,716.00 50,462.67 45,416.40 

Totals 8 40,645,891.00 $ 709,408.79 $ 373,251.84 



302 



Document No. 10. 



[Session 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year S 202,100.48 

Net premiums received during 

year $ 489,408.67 

Increase in re-insurance fund __$ 53,456.55 53,456.55 

Total net premiums earned . $ 435,952.12 

Interest, etc., received $ 33,147.51 

Increase in accrued interest, etc., 25,587.80 

Total interest earned 58,735.31 

Total premiums and interest 

earned $ 494,687.43 

Net losses paid during year $ 346,346.06 

Increase in net unpaid losses 2,359.00 

Total net losses incurred 8 348,705.06 

Expenses paid $ 153,789.00 

Total expenses incurred 153,789.00 

Total losses and expenses in- 
curred 502,494.06 

Net loss for year 8 7,806.63 

Total dividends incurred for 

year 20,000.00 

Decrease in surplus for year $ 27,806.63 

Surplus at end of year $ 174,293.85 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written 8 4,126,225.00 

Gross premiums received 77,754.60 

Re-insurance premiums 9,903.41 

Losses paid 33,477.07 

Losses incurred 39,214.00 



1903.1 Document No. 10. 303 

VIRGINIA STATE INSURANCE COMPANY OF VIRGINIA. 

Located at Richmond, Va. Incorporated 1865. Commenced Business 1866. 

\. V. Randolph, President. Robert Lechy, Jr., Secretary. 



Cash capital, $200,000. 

Amount of net or ledger assets December 31, 1899 $ 364,432.12 

INCOME. 

Marine and 
Fire. Inland. 



Gross cash received for premiums 1 31(5,595.50 

Deduct re-insurance, rebate, abatement and return 

premiums 92,607.12 



Net cash received for premiums 8 223,988.38 8- 



223, 988. 38 

Rents 8 > 275 - 3 ~ 

Interest received on mortgages 2, 173. 56 

Interest received on collateral loans 818.25 

Interest and dividends on stocks and bonds 9,370. 25 

Profit on sale or maturity of ledger assets 2, 455. 08 

From all other sources 9, 534. 70 

Total income $ 251,615.59 

Aggregate last balance and income $ 606,074. 71 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses 8 188,359.30 $ 

Deduct salvage and re-insurance 31,203.13 



Net cash paid for losses 8 157,096.17 8- 



157, 096. 17 

Paid stockholders (interest or dividends) 12, 000. 00 

Commissions or brokerage and allowances to agents 42, 727. 38 

Salaries and fees of officers and employees 20, 854. 73 

Taxes 7,434.60 

Loss on sales or maturity — ledger assets 60. 00 

All other expenditures 20, 994. o9 

Total disbursements during the year $ 261,167.27 

Balance December 31, 1899 $ 354, 880. 44 



304 Document No. 10. [Session 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 47,863.15 

Loans on mortgages 50,255.70 

Loans on collaterals 2,943.32 

Book value of stocks and bonds 195,078.67 

Cash in company's office 3,762.16 

Cash in bank 14,488.92 

Bills receivable 5,850.94 

All other 68,991.41! 



$ 390, 134. 32 

Deduct borrowed money $ 30,0< 0.00 

All other 5,253.88 



35, 253. 88 



Total net or ledger assets $ 354,880.44 

OTHER ASSETS. 

Rents and interest due and accrued 4, ( .»SS. 26 

Market value of real estate over book value 9,477. 10 

Market value of stocks and bonds over book value _■ 50, 660. 33 

Gross assets $ 420,006. 13 

Non-admitted assets — 

Furniture and supplies $ 2,500.00 

Open accounts 834.95 

Total deductions 3,334.95 

Total admitted assets $ 416,671.18 

LIABILITIES. 

Losses adjusted and unpaid $ 8,326.22 

Losses in process of adjustment 28,011.00 

Losses resisted 950.00 

Net amount of unpaid losses, less re-insurance $ 25, 802. 88 

Total unearned premiums ( 141, 506. 31 

Total liabilities $ 167, 309. 19 

Casb capital 200,000.00 

Net surplus 52,696.94 

Total liabilities, including cash capital and net surplus $ 420, 006. 13 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risks. Premiums. 

In force at beginning of year . $ 19,156,269.00 $ 298,608.97 

Written during year 22,261,783.00 323,026.94 

Total $ 41,418,052.00 $ 621,635.91 

Deduct those expired and marked off as terminated 21,267,760.00 290,804.66 

In force at end of year $ 20,150,292.00 $ 330,831.25 

Deduct amount re-insured 3,693,414.00 56,546.77 



Net, amount in force at end of year $ 16,456,878.00 $ 274,284.48 

Largest amount in any one hazard $ 10,000.00 



1903.] Document No. 10. 305 



Year 

Written. 

In 1900. 



RECAIMTUI.ATION OF FIRE RISKS AND PREMIUMS. 

Fraction Amount Premiums Premiums 

Term. Unearned. Covered. Charged. Unearned. 

.lyearorless One-half S 9,130,009.00 8 150,513.19 $ 75,256.59 

In 1890 2 years One-fourth 33,200.00 315.19 78.80 

In 1900 2 years Three-fourths 19,150.00 190.19 142.64 

In isgs 3 years One-sixth 2,198,674.00 29,154.00 4,859.00 

In 1899 3 years One-half- 2,206,509.00 151.99 16,676.00 

In 1900 3 years Five-sixths 2,064,584.00 42,500.16 35,416.80 

In 1897 4 years One-eighth 1,500.00 20.00 2.50 

[ D 1898 4 years Three-eighths— 5,900.00 15.72 5.90 

In 1899 4 years Five-eighths.— 1,300.00 22.77 14.23 

In 1900 4 years Seven-eighths — 3,525.00 114.11 99.85 

[D1896 5 "years One-tenth 210,719.00 5,278.34 527.83 

In 1897 5 years Three-tenths 57,907.00 1,694.90 508.47 

In 1898 5 "years One-half 170,437.00 4,094.50 2,047.25 

In 1899 5 years Seven-tenths 161,181.00 2,235.11 1,564.57 

In 1900 5 years Nine-tenths 19 2, 223. 00 4,784.31 4,305.88 

Totals S 16,456,878.00 8 274,284.48 $ 141,506.31 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year 8 51,602.08 

Net premiums received during 

year 8 223,988.38 

Increase in gross uncollected 

premiums 8 7,153.19 

Increase in re-insurance fund.. 8,956.87 1,803.68 



Total net premiums earned 8 222,184.70 

Interest, etc., received S 20,743.34 

Increase in accrued interest, etc., 13,296.28 

Total interest earned 34,039.62 



Total premiums and interest 

earned 8 256,224.32 

Net losses paid during year $ 157,096.17 

Increase in net unpaid losses 1,865.26 

Total net losses incurred 8 158,961.43 

Expenses paid 8 84,168.0 I 

Total expenses incurred 84,168.03 

Total losses and expenses in- 
curred 243,129.46 



Net gain for year 8 13,094.86 

Dividends to stockholders 12,00 

Total dividends incurred for 

year 12,000.00 

Increase in surplus for year 8 1,094.80 

Surplus at end of year S 52. ''.96. 94 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written 8 2,227,401 .00 

Gross premiums received 32,311.73 

Re-insurance premiums 1,701.58 

Losses paid 15,981.21 

Losses incurred 18,280.62 

20 



306 Document No. 10. [Session 

WESTCHESTER FIRE INSURANCE COMPANY OF 

NEW YORK. 

Located at New York City. [Incorporated 1837. Commenced Business 1870. 
George R. Crawford, President. Morell O. Brown, Secretary. 



Cash capital, $300,000. 

Amount of net or ledger assets December 31, 1899 $ 2, 257, 808. 84 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 1,943,705.53 8 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 417,702.20 



Net cash received for premiums $ 1,520,003.53 



1,526,003.33 
Rents 1,563.25 

Interest received on mortgages 34,459.21 

Interest and dividends on stocks and bonds 78,404. 74 

Profit on sale or maturity of ledger assets 10, 227. 50 

Total income $ 1,650,658.03 

Aggregate last balance and income $ 3, 908, 466. 87 

DISBURSEMENTS. 

Marine and 
FiuE. Inland. 

Gross cash paid for losses $ 1,034,843.00 $ 

Deduct salvage and re-insurance : 147,390.56 



Net cash paid for losses $ 887,452.44 $_ 



$ 887, 452. 44 

Paid stockholders (interest or dividends) 48, 000. 00 

Commissions or brokerage and allowances to agents 333, 399. 89 

Salaries and fees of officers and employees 111,034. 70 

Taxes 43,501.84 

All other expenditures 141, 175. 66 

Total disbursements during the year $ 1, 564, 564. 53 

Balance December 31, 1900 $ 2,343,902.34 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned I 225,047.64 

Loans on mortgages 588,962.50 

Book value of stocks and bonds 1,407,499.04 

Cash in bank 122,392.56 



Total net or ledger assets $ 2,343,902.34 



1903.] 



Document No. 10. 



307 



OTHER ASSETS. 

Rents and interest due and accrued $ 

Market value of stocks and bonds over book value 

Uncollected premiums 



10, 739. 50 
374, 950. 36 
213, 216. 48 

Gross assets $ 2,942,808.68 

Non-admitted assets — 

Depreciation in book value of real estate, etc g 47.64 

47.64 



Total deductions- 



Total admitted assets $ 2,942,761.04 

LIABILITIES. 

38,070.89 

102,636.73 

7,950.00 



Losses adjusted and unpaid 

Losses in process of adjustment. 
Losses resisted 



Net amount of unpaid losses, less re-insurance $ 133, 142. 24 

Total unearned premiums 1, 290, 360. 44 

Total liabilities $ 1,423,502.68 

Cash capital 300,000.00 

Net surplus 1,219,258.36 

Total liabilities, including cash capital and net surplus $ 2, 942, 761. 04 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Fire Risk>. 

In force at beginning of year 8 243,988,834.00 

Written during year 197,897,634.00 



Total $ 441,886,468.00 

Deduct those expired and marked off as terminated 139,468,551.00 

In force at end of year S 302,417,917.00 

Deduct amount re-insured 23,181,085.00 



Premiums. 
2,363,362.11 
1,972,144.56 

4,335,506.67 
1,626,810.88 

2,708,695.79 
2(19,755.56 



Net amount in force at end of year 8 279,236,832.00 8 2,498,940.23 



RECAPITULATION" OF FIRE RISKS AND PREMIUMS. 



Year 

Written. 

In 1900 1 

In 1899 2 

In 19<J0 2 

In 1898 3 

In 1899 3 

In 1900 3 

In 1897 4 

In 1898 4 

In 1899 4 

In 1900 4 

In 1896 5 

In 1897 5 

In 1898 5 

In 1899 5 

In 1900 5 



Fraction Amount 

Term. Unearned. Covered. 

year or less One-half ? 102,716,634.00 

years One-fourth 1,027,619.00 

years Three- fourths 851,189.00 

years One-sixth 34,656,879.00 

years One-half 50,790,318.00 

years Five-sixths 53,667,941.00 

years One-eighth 606,725.00 

years Three-eighths 529, 207. 00 

years Five-eighths 747,067.00 

years Seven- eighths 485,044.00 

years One-tenth 5,474,296.00 

years Three-tenths 6,518,783.00 

years One-half 6,334,856.00 

years Seven-tenths 0,897,799.00 

years Nine-tenths 7,932,475.00 



Premiums 
Charged. 

1,033,628.02 

7,993.39 

7,578.11 

308,061.46 

352,564.64 

394,3 

5,298.97 

4,531.63 

5,395.10 

4,350.51 

64,565.08 

70,849.28 

67,319. I:; 

82,520.19 

89,891.06 



Premiums 
Unearned. 

516,814.dl 

1,998.35 

5,083.59 

51,343.58 

176,282.32 

328,661.13 

662.37 

1,699.36 

3,371.93 

3,806.70 

6,456.50 

21,254.78 

33,659.72 

57,764.14 

80,901.96 



Totals $ 279,236,832.00 8 2,498,940.23 $ 1,290,360.44 



308 Document No. 10. [Session 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 1,194,160.37 

Net premiums received during 

year $ 1,526,003.33 

Increase in gross uncollected 

premiums $ 24,178.20 

Increase in re-insurance fund.. 183,246.22 159,068.02 

Total net premiums earned $ 1,366,935.31 

Interest, etc., received $ 110,475.97 

Increase in accrued interest, etc., 110,660.29 

Total interest earned 221,136,26 

Total premiums and interest 

earned $ 1,588,071.57 

Net losses paid during year $ 887,452.44 

Increase in net unpaid losses 9,492.09 

Total net losses incurred 8 896,944.53 

Expenses paid $ 625,161.86 

Increase in unpaid expenses 7,132.81 

Total expenses incurred 618,029.05 

Total losses and expenses in- 
curred 1,514,973.58 

Net gain for year $ 73,097.99 

Dividends to stockholders 48,000.00 

Total dividends incurred for 

year 48,000.00 

Increase in surplus for year $ 25,097.99 

Surplus at end of year $ 1,219,258.36 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written $ 934,742.00 

Gross premiums received 17,221.03 

Losses paid 12,373.38 

Losses incurred . 11 ,023.18 



1903.] Document No. 10. 309 

WESTERN ASSURANCE COMPANY OF DOMINION 

OF CANADA. 

Located at Toronto, Can. Incorporated 1851. Commenced Business 1851. 

George A. Cox, President. C. C. Foster, Secretary. 



Amount of net or ledger assets December 31, 1899 $ 1, 820, 619. 26 

INCOME. 

Marine and 
Fire. Inland. 

Gross cash received for premiums $ 1,908,9S6.2G 8 536,079.27 

Deduct re-insurance, rebate, abatement and return 

premiums 355,315.08 52,937.72 

Net cash received for premiums $ 1,553,671.18 $ 483,741.55 



2, 037, 412. 73 

Interest received on mortgages 2, 100.00 

Interest and dividends on stocks and bonds 52, 978. 81 

Profit on sale or maturity of ledger assets 1, 225. 62 

Eeceived from home office 128, 080. 57 

From all other sources 603. 86 



Total income $ 2,222,401.59 

Aggregate last balance and income $ 4, 043,020. 85 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 

Gross cash paid for losses $ 1,186,647.83 $ 316,569.83 

Deduct salvage and re-insurance 56,881.26 26,634.57 



Net cash paid for losses * 1,129,766.57 $ 289,935.26 



1,419,701.83 

Commissions or brokerage and allowances to agents 394, 777. 21 

Salaries and fees of officers and employees 80, 100. 00 

Taxes 64, 738. 63 

All other expenditures 121, 436. 22 

Total disbursements during the year $ 2, 080, 753. 89 

Balance December 31, 1900 $ 1,962,266.96 

ASSETS 

AS PER LEDGER ACCOUNTS. 

Loans on mortgages $ 20,000.00 

Book value of stock and bonds 1,357,190.90 

Cash iu company"s office 280.13 

Cash in bank 209,388.41 

Bills receivable 43,280.34 

All other 332,407.28 

Total net or ledger assets $ 1, 962, 266. 96 



310 Document No. 10. [Session 

OTHER ASSETS. 

Market value of stocks and bonds over book value $ 3, 241. 84 



Total admitted assets $ 1,965,508. 80 



LIABILITIES. 

Losses adjusted and unpaid $ 37,665.48 

Losses in process of adjustment 123,995.66 

Losses resisted 14,634.15 



Net amount of unpaid losses $ 176, 295. 29 

Total unearned premiums 1, 221, 407. 72 

Total liabilities $ 1,397,703.01 

Net surplus 567,805.79 

Total liabilities, including cash capital and net surplus $ 1, 965, 508. 80 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Firk Risks. Premiums. 

In force at beginning of year $ 213,816,782.00 $ 2,000,890.76 

Written during year 192,259,442.00 1,908,086.26 



Total $ 406,076,224.00 $ 3,909,877.02 

Deduct those expired and marked off as terminated 189,478,235.00 1,742,429.11 

In force at end of year $ 216,597,989.00 $ 2,167,447.91 

Deduct amount re-insured 6, 351, 896. no 44,797.77 

Net amount in force at end of year $ 210,246,093.00 $ 2,122,650.14 



Marine and 

Inland. Premiums. 

In force at beginning of year $ 5,196,623.00 $ 79,563.10 

Written during year 57,095,264.00 536,679.27 

Total $ 62,291,887.00 $ 616,242.37 

Deduct those expired and marked off as terminated 55,359,557.00 447,108.51 

In force at end of year $ 6,932,330.00 $ 169,133.86 

Deduct amount re-insured 471,654.00 17,915.67 

Net amount in force at end of year $ 6,460,676.00 $ 151,218.19 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Year Fraction Amount Premiums Premiums 

Written. Term. Unearned. Covered. Charged. Unearned. 

In 1900 1 year or less_-One-half $120,808,625.00 | 1,330,493.97 $ 665,246.99 

In 1898 3 years One-sixth 27,375,859.00 185,599.90 30,933.32 

In 1899 3 years One-half 23,063,642.00 197,906.18 98,953.09 

In 1900 3 years Five-sixths jl 18,060,615.00 185,998.42 154,998.68 

In 1896 5 years One-tenth 3,448,528.00 34,622.48 3,462.25 

In 1897 5 years Three-tenths 3,905,369.00 39,791.80 11,937.54 

In 1898 5 years One-half 4,678,094.00 44,300.35 22,150.17 

In 1899 5 years Seven-tenths 5, 296, 840. (in 55,179.19 38,625.43 

In 1900 5 years Nine-tenths 3,608,521.00 48,757.85 43,882.06 

Totals $210,246,093.00 $ 2,122,650.14 $ 1,070,189.53 



1903.] Document Xo. 10. 311 

UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 

Surplus at beginning of year $ 063,081.97 

Net premiums received during 

year 9 2,037,412.73 

Increase in re-insurance fund __$ 128,752.34 128,752.34 

Total net premiums earned $ 1,908,660.39 

Interest, etc., received $ 55,078.81 

Increase in accrued interest, etc., 4,467.46 

Total interest earned 59,546.27 

Total premiums and interest 

eartrfd $ 1,968,206.66 

Net losses paid during year $ 1,419,701.83 

Increase in net unpaid losses 40,184.73 

Total net losses incurred $ 1,459,886.56 

Expenses paid $ 661,052.06 

Total expenses incurred 661,052.06 

Total losses and expenses in- 
curred 2,120,938.62 

Net loss for year $ 152,731.96 

Received from home office during 

year 128,080.57 

Decrease in surplus for year $ 24,651.39 

Surplus at end of year $ - . 130.58 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fire Risks. 

Gross risks written S 3,026,760.00 

Gross premiums received 22,588.55 

Losses paid 9,488.27 

Losses incurred 10,330.03 



312 Document No. 10. [Session 

WILMINGTON UNDERWRITERS INSURANCE COMPANY 

OF NORTH CAROLINA. 

Located at Wilmington, N. C. Incorporated 1899. Commenced Business 1899. 
N. B. Rankin, President, Charles S. Grainger, Secretary. 



Cash capital, $50, 000. 
Amount of net or ledger assets December 31, 1899 $> 3, G75. 85 



INCOME. 

FlEE. 

Gross cash received for premiums $ 5,068.43 $_ 

Deduct re-insurance, rebate, abatement and re- 
turn premiums 3,290.05 



Marine and 
Inland. 



Net cash received for premiums $ 1,778.38 $_ 



1, 778. 38 

Interest received on mortgages 2,757.92 

Interest received on collateral loans 299.99 



Total income $ 4, 836. 29 



Aggregate last balance and income $> 8, 512. 14 

DISBURSEMENTS. 

Marine and 
Fire. Inland. 
Gross cash paid for losses $ 268.50 $ 

Deduct salvage and re-insurance 268.56 



Commissions or brokerage and allowances to agents 716. 99 

Salaries and fees of officers and employees 387. 50 

Taxes 81.03 

All other expenditures 151. 75 

Total disbursements during the year $ 1,337. 27 

Balance December 31, 1900 $ 7, 174.87 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Loans on mortgages $ 40,061.00 

Cash in company's office 180.24 

All other 15,000.00 



Deduct agents' credit balances $ 137.28 

Overdraft 3,935.09 



61,247.24 
4, 072. 37 






Total admitted assets $ 57, 174. 87 



1903.] 



Document No. 10. 



313 



LIABILITIES. 



Losses in process of adjustment- 
Deduct re-insurance 



307.60 

276.84 



Net amount of unpaid losses $ 30. 76 

Total unearned premiums 1,199.15 

Total liabilities § 

Cash capital 

Net surplus 

Total liabilities, including cash capital and net surplus $ 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 



1,229.91 

50, 000. 00 
5, 944. 96 

57, 174. 87 



In force at beginning of year . 
Written during year 



Fire Risks. Premiums. 

212,068.00 $ 3,478.51 

409,787.(111 5,008.43 



Total 

Deduct those expired and marked off as terminated 

In force at end of year 

Deduct amount re-insured 



621,855.00 8 
195,643.00 



8,546.94 
2,677.84 



426,212.00 $ 

386,618.00 



5,869.10 
3,751.69 



Net amount in force at end of year $ 

Largest amount in any one hazard $ 14,000.00 



39,594.00 $ 



2,117.41 



RECAPITULATION OF FIRE RISKS AND PREMIUMS. 

Fraction 
Unearned. 



Year 
Written. Term. 

In 1900 1 year orless One-half 

In 1899 3 years One-half 

In 1900 3 years Five-sixths . 

In 1899 5 years Seven-tenths 

In 1900 5 years Nine-tenths- 



Amount 




Premiums 




p 


REMIUMS 


Covered. 




Cha 


RGhD. 




Ui 


S' EARNED. 


296,512.00 


$ 




1,338.44 


$ 




669.22 


52,775.00 






341.04 






170.52 


58,725.00 






301.07 






250.89 


10,000.00 






73.20 






51.28 


8,20().oii 






63.60 






57.24 



Totals. 



426,212.00 $ 



2,117.41 g 



1,199.15 



UNDERWRITING AND INVESTMENT EXHIBIT DURING YEAR. 



Surplus at beginning of year- 
Net premiums received during 
year 

Interest, etc., received S 

Total interest earned 



3,675.85 



3,057.91 



1,778.38 
3,057.91 



Total premiums and interest 

earned 

Expenses paid J 

Total losses and expenses in- 
curred 



1,337.27 



4,836.29 



1,337.27 



Net gain for year 

Increase in surplus for year 



3,499.02 
3,499.02 



Surplus at end of year ? 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



7,174.87 



Gross risks written 

Gross premiums received- 
Losses paid 



Fire Risks. 
409,787.00 
5,068.43 
268.56 



Number of agents working in Slate during year, 2. 



FIDELITY AND CASUALTY 
COMPANIES. 



ABSTRACTS FROM ANNUAL STATEMENTS FILED IN THIS DEPART- 
MENT, SHOWING THEIR TRANSACTIONS FOR THE 
YEAR OF 1900 AND THEIR CONDITION ON 
THE 31ST DAY OF DECEMBER, 1900. 



.ETNA LIFE INSURANCE COMPANY OF CONNECTICUT. 

Accident Department. 

Located at Hartford, Conn. Incorporated 1820. Commenced Business 1850. 

M. G. Bclkeley, President. J. L. English, Secretary. 



INCOME. 

Accident premiums collected during year 5 1,072,446.07 

Health premiums collected during year 59,641.26 

Total premiums collected S 1,132,087.33 

Deduct re-insurance and return premiums 25,678.80 

Net cash received for premiums $ 1, 106,408.53 

Rents S 36,097.33 

Interest on mortgage loans 1,235,860.08 

Interest on collateral loans 180,671.30 

Interest on bonds and dividends on stocks S33.1S2.41 

Interest on other debts due the company 55,111.81 

Discount on claims paid in advance 1,447.11 

Total rents and interest 2,342,370.07 

Profit on sales of real estate 11, 050. 50 



Total cash income S 3,459,829. 10 

DISBURSEMENTS. 

Accident. Health. 

Gross amount paid for claims other than specific and 

weekly indemnity S 125,804.48 3 

Gross amount paid for weekly or other specific in- 
demnity 307,491.99 22,288.27 



Total S 433,290.47 3 22,288.27 

Deduct re-insurance 2,012.85 



$ 431,283.62 $ 22,288.27 



Net amount paid policy-holders 453, 571. 89 

Interest or dividends to stockholders S 43,750.00 

Commissions to agents 369,949.45 

Salaries and expenses to agents not on commission account 19,759.92 

Medical examiners' fees and salaries 6,039.60 

Salaries home office employees 31,41 

Taxes, fees and licenses 25,573.90 

Rent 11,082.34 

Legal expenses 5,290.90 

Furniture and fixtures 24,250.70 

All other expenses 17,529.85 

Total miscellaneous expenses 554, 642. 69 

Total disbursements I 1.008,214.58 



318 Document No. 10. [Session 

ASSETS.* 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 469,086.71 

Loans on mortgages 24,107,274.86 

Loans on collaterals 918,308.67 

Book value of stocks and bonds 17,632,616.28 

Cash in company's office 71,620.07 

Cash in bank 7,252,186.82 

Bills receivable 43,316.65 

Agents' debit balances 33,316.66 

Loans to policy-holders on this company's policies 1,904,942.00 

Premium notes on policies in force 461,213.15 

Total $ 52,893,881.87 

Deduct ledger liabilities — 

Agents' credit balances $ 29,907.57 

Allother 3,281.17 

31,188.74 

Total net ledger assets $ 52,862,693. 13 

OTHER ASSETS. 

Interest and rents due and accrued 768,293.60 

Market value of bonds and stocks over book value 1, 854, 517. 63 

Net amount of uncollected and deferred premiums 655, 847. 53 

Total assets $ 56, 141, 351. 89 

Deduct non-admitted assets — 

Commissions payable to agents on premium notes $ 2,197.63 

Agents' debit balances unsecured 20,455.36 

Bills receivable unsecured 26,359.22 

Premium notes in excess of reserve on policies 253.67 

Total deductions 49, 265. 88 

Total admitted assets $ 56,092,086.01 

LIABILITIES.! 

Accident losses in process of adjustment $ 35,773.43 

Accident losses known or estimated, proof not filed 10,000.00 

Accident losses resisted 60,227.14 

Health losses in process of adjustment 894.28 

Aggregate of unpaid accident claims $ 106,894. 85 

Total unearned premiums • 389, 230. 72 

Salaries, rents, expenses, taxes, bills, accounts, fees, etc 1,000.00 

Total liability, life department 50, 529, 751. 04 

Total liabilities, except casli capital and net surplus $ 51, 026, 876. 61 

Cash capital 1,750,000.00 

Net surplus 3,315,209.40 

Total liabilities, including cash capital and net surplus $ 56, 092, 086. 01 



♦Includes both life and accident departments, 
t Includes both life and accident departments. 



1903.] Document No. 10. 319 

MISCELLANEOUS. 

RISKS AND PREMIUMS. 

Risks. Premiums. 

In force at beginning of year $ 135,807,470.00 $ 582,519.06 

Written during year 339, 017,183.33 1,132,087.33 

Total $ 474,824,653.33 8 1,714,606.39 

Deduct expirations and cancellations 314,710,033.33 967,187.86 

In force at end of year 8 160,114,620.00 8 747,418.53 

Deduct amount re-insured 1,025,500.00 4,023.57 

Net amount in force at end of year $ 159,089,120.00 8_ 74 3,394.96 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Risks Premiums Losses Losses 

Written. Received. Paid. Incurred. 

Accident 8 881,000.00 $ - 2,976.54 8 387.50 8 409.56 

Health 1,253.60 1,260.88 1,301.59 

Aggregate 8 881,000.00 $ 4, 230.14 $ 1,648.44 $ 1,711.15 



AMERICAN BONDING AND TRUST COMPANY OF 

MARYLAND. 

Located at Baltimore, Md. Incorporated 1894, Commenced Business 1895. 
James Bond, President. Samuel H. Shriver, Secretary. 



Cash capital, $1, 000, 000. 

Amount of net or ledger assets December 31, 1899 $ 1,519,604.24 

INCOME. 

Premiums collected during year 8 430,848.95 

Deduct re-insurance, abatement, rebate and return premiums 49,338.76 

Net cash received for premiums 381, 510. 19 

Interest on mortgage loans 8 7,701.90 

Interest on collateral loans 12,487.64 

Interest on bonds and dividends on stocks 32,221.41 

Interest on other debts due the company 3,227.22 

Total interest 55,638. 17 

Profit on sales or maturity of ledger assets over book value 8 20,597.27 

Exchange 1.65 

From all other sources 11,234.44 

31,922.36 

Total cash income $ 46 9, 070. 72 

Aggregate last balance and income $ L 964, 380. 38 



320 Document No. 10. [Session 

DISBURSEMENTS. 

Gross amount paid for matured claims $ 173,733.78 

Deduct re-insurance and salvage 90,(134.08 

Net amount paid for losses $ 83,699.70 

Interest or dividends to stockholders $ 00,000.00 

Commissions to agents 80,560.00 

Salaries and expenses of agents not on commission account 23,272.63 

Salaries of officers and home-office employees 45,034. ill 

Taxes, fees and licenses 33,947.18 

Rents 7,292.92 

Furniture and fixtures, advertising, printing and stationery 24,725.60 

Legal expenses 17,473.42 

All other expenses 28,276.99 

Total miscellaneous expenses 326,584.25 

Total disbursements $ 410,283.95 

Balance $ 1,554,096.43 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 23,464.44 

Loans on mortgages 150,561.86 

Loans on bonds, stocks or other collaterals 271,785.61 

Book value of stocks and bonds 929,990.52 

Cash in company's office 15,958.01 

Cash in bank „ 68,147.38 

Bills receivable 965.00 

Accounts receivable unsecured 122,156.02 

Cash deposited in State of Tennessee 25,000. oo 

Total $ 1,608,028.84 

Deduct ledger liabilities $ 53,932.41 

53, 932. 41 
Total net or ledger assets $ 1,554,096.43 

OTHER ASSETS. 

Total outstanding interest 17,640. 58 

Furniture and fixtures 1.00 

Market value of bonds and stocks over book value 10, 219. 73 

Gross premiums in course of collection $ 73,826.41 

Unpaid commissions thereon 13,752.48 

Net amount of outstanding premiums 60, 073. 93 

Total assets $ 1,642,031.67 

Deduct non-admitted assets — 

Furniture and fixtures I 1.00 

Bills receivable unsecured 965.00 

Total deductions 966.00 

Total admitted assets $ 1,641,065.67 



1903.] Document No. 10. 321 

LIABILITIES. 

Losses in process of adjustment $ 24, 803. 47 

Total unearned premiums 210,408.30 

All other 3,143.25 

Total liabilities, except cash capital and net surplus $ 238, 355. 02 

Cash capital 1,000,000.00 

Net surplus 403,676.65 

Total liabilities, including cash capital and net surplus $ 1,642,031.67 

EXHIBIT OF POLICIES. 

Risks. Premiums. 

In force at beginning of year $ 70,917,892.49 8 331,173.88 

Written during year 97,980,845.20 450,495.68 



Total S 168,898,737.69 $ 781,669.56 

Deduct those expired and marked oft ascancelled 71,912,347.11 355,863.78 

In force at end of year 3 96,9 - $ 425,S05.78 

Deduct amount re-insured 4,9S9.18 



Net amount in force at end of year 3 96,986,390.5)? -16.60 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Gross risks written g 2,573,759.00 

Gross premiums received 9,741.27 

Losses paid 

Losses incurred 2,580.96 



AMERICAN SURETY COMPANY OF NEW YORK. 

Located at New York, N. Y. Incorporated 1SS4. Commenced Business 1884. 
H. D. Lyman, President. G. M. Sweney, Secretary. 



Cash capital, $2, 500, 000. 
Amount of net or ledger assets December 31, 1899 $ 4, 942, 932. 44 

INCOME. 

Premiums collected during year g 1,158,377.35 

Deduct re-insurance, abatement, rebate, and return premiums 171,410.96 

Net cash received for premiums 986, 966. 39 

Rents $ 185,657.42 

Interest on collateral loans 18,314.-.' 

Interest on bonds and dividends on stocks 49,753.27 

Interest on other debts due the company 10,95 

Total rents and interest 264, 6S4. 84 

21 



•322 Document No. 10. [Session 

Profit on sale or maturity of ledger assets § 4,979.00 

From all other sources 98,439.85 



$ 103, 418. 85 

Total income during year $ 1,355,070.08 

Aggregate last balance and income $ 6,298, 002. 52 

DISBURSEMENTS. 

Gross amount paid for claims 8 024,720.67 

Deduct salvage and re-insurance 239,441.62 

Net amount paid for losses 385, 285. 05 

Interest or dividends to stockholders § 200,000.00 

Commissions to agents 1 55,165.35 

Salaries and expenses of agents not on commission account 184,614.0!) 

Salaries of officers and home-office employees 180,363.19 

Inspections 3,933.18 

Taxes, fees and licenses 78,115.39 

Rents 35,050.37 

Legal and real estate expenses 77,074.70 

Furniture and fixtures, advertising, printing and stationery 24,S41.10 

Losses on ledger assets sold or matured, under book value 5,060.62 

All other expenses 49,440.64 

Total miscellaneous expenses 895, 454. 63 

Total disbursements $ 1, 280, 739. 68 

Balance 1 5,017,262.84 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 3,028,217.10 

Loans on mortgages 18,5S3.76 

Loans on bonds, stocks or other collaterals 644,211.57 

Book value of stocks and bonds 1,079,447.85 

Tash in company's office 4,187.41 

Cash in bank 259,742.90 



Total 1 5,034,390.71 

Deduct ledger liabilities $ 17,127.87 

1/, 127. 87 



Total net ledger assets ^ $ 5,017,262.84 

OTHER ASSETS. 

Total outstanding interest 30, 177.39 

Market value of stocks and bonds over book value 76, 989. 65 

Net amount of outstanding premiums 93, 081. 60 

Total admitted assets $ 5,217,513.48 

LIABILITIES. 

UNPAID LOSSES. 

In Process of Resisted by 
Adjustment. Company. 

Fidelity $ 95,237.08 $ 20,800.34 

Surety 175,578.15 

Total $ 95,237.68 $ 196,378.49 



Aggregate of unpaid losses $ 291, 616. 17 



1903.] 



Document No. 10. 



323 



UNEARNED PREMIUMS. 

On risks running one year or less— 

Gross I neakned 

Premiums. (50 per cent.). 

Fidelity 8 504,103.02 8 252,051.51 

Surety 515,240.84 257,620.42 



Total one year or less 

On risks running more than one year — 

Gross Unearned 

Premiums. (Prorata). 

Surety 8 152,753. SI 8 82,579.74 

Pro rata on risks running more than one year 



S 509,871.93 



82,579.74 



Total unearned premiums $ 592, 251. 67 

Total liabilities, except cash capital and net surplus § 883, 867. 84 

Cash capital 2,500,000.00 

Net surplus 1, 833, 645. 64 

Total liabilities, including cash capital and net surplus $ 5, 217, 513. 48 

RISKS AND PREMIUMS. 

FIDELITY. 

Risks. Premiums. 

In force at beginning of year 8 115,894,512.00 $ 527,994.06 

Written during year 132,985, 816.00 569,149.44 

T t a ] 8 248,880,328.00 $ 1,097,143.50 

Deduct those expired and marked off as cancelled 137,659,133.00 593,040.48 

Net amount in force at end of year 8 111,221,195.00 $ 504,103. "2 



SURETY. 

Risk-;. Premiums. 

In force at beginning of year 8 196,912,950.00 $ 666,421.96 

Written during year 2 15,285,243.00 627,980.57 

1,294,402.53 
626,407.88 



Total S 412,178,193.00 

Deduct those expired and marked off as cancelled 212,657,727.00 

Net amount in force at end of year 8 199,520,466.00 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Fidelity. 
Surety... 



Risks 
Written. 

792,700.00 8 
54.s,033.0O 



Premiums 
Received. 

1,728.28 $. 

796.86 



Losses 
Paid. 



625.19 



Aggregate 8 1,340,733.00 



2,525.14 S 



667,994.65 



Losses 
Incurred. 



195.00 
625.19 



625.19 8 



820.19 



324 Document No. 10. - [Session 

CITY TRUST, SAFE DEPOSIT AND SURETY COMPANY 

OF PENNSYLVANIA. 

Located at Philadelphia, Pa. Incorporated 1886. Commenced Business 1886. 
Charles M. Swain, President. James F. Lynd, Secretary. 



Cash capital, $500,000. 

Amount of net or ledger assets December 31, 1899 $ 2,844,414.08 

Increase in deposits during 1900 316,613.01 

Extended at $ 3,161,027.09 

INCOME. 

Premiums collected during year $ 252,803.71 

Deduct re-insurance, rebate, abatement and return premiums 30,196.33 

Net cash received for premiums 222, 607. 38 

Rents $ 13,593.45 

Interest on mortgage loans 5,590.48 

Interest on collateral loans 67,660.75 

Interest on bonds and dividends on stocks 18,379.83 

Interest on other debts due the company 7,975.39 

Total rents and interest 113,199.90 

From all other sources 8 7,887.24 

7, 887. 24 

Total income during year $ 343,694.52 

Aggregate last balance and income $ 3, 504, 721. 61 

DISBURSEMENTS. 

Gross amount paid for claims $ 58,936.84 

Deduct re-insurance and salvage 16,355.63 

Net amount paid for losses 42, 581. 21 

Interest or dividends to stockholders 8 30,030.00 

Commissions to agents 19,236.78 

Salaries and expenses of agents not on commission account 58,857.82 

Interest paid depositors 43,848.93 

Salaries of officers and home-office employees 61,221.51 

Taxes, fees and licenses 16,730.78 

Legal expenses, repairs on real estate and general expenses 23,447.15 

Advertising, printing and stationery 5,970.97 

Losses on ledger assets sold or matured under book value 9,577.25 

All other expenses 584.24 

Total miscellaneous expenses 270, 005. 43 

Total disbursements $ 312,586.64 

Balance $ 3, 192, 134. 97 



1903.] Document No. 10. 325 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate . $ 537,006.96 

Loans on mortgages 69,700.00 

Loans on bonds, stocks or collaterals 1,329,597.24 

Book value of stocks and bonds 434,475.50 

Cash in company's office 111,316.80 

Cash in bank 558,583.10 

Due from ledger account secured 138,333.77 

All other 13,121.60 

Total net ledger assets $ 3, 192,134.97 

OTHER ASSETS. 

Interest and rents due and accrued 23,943.00 

Due from other companies 2, 922. 27 

Market value of real estate over book value 120, 093. 04 

Market value of bonds and stocks over book value 3, 315. 00 

Revenue stamps 750. 00 

Renewals not over three months due 2, 648. 37 

Net amount of outstanding premiums 9, 330. 35 

Total assets $ 3,355,137.00 

Deduct non-admitted assets — 

Furniture, fixture and supplies $ 6,781.68 

Total deductions 6, 781. 68 

Total admitted assets : $ 3, 348, 355. 32 

LIABILITIES. 

Net amount of unpaid claims $ 62, 525. 90 

Total unearned premiums 12, 824. 89 

Expenses, taxes, bills, etc 1, 000. 00 

All other ■ 2, 397, 730. 97 

Total liabilities, except cash capital and net surplus $ 2, 588, 081. 76 

Cash capital 500,000.00 

Net surplus 260,273.56 

Total liabilities 3,348,355.32 

RISKS AND PREMIUMS. 

FIDELITY. 

Risks. Premiums. 

In force at beginning of year $ 25,860,108.33 $ 92,692.99 

Written during year 27,040,545.25 89,780.52 

Total $ 52,900,653.58 $ 182,473.51 

Deduct expirations and cancellations 26,250,808.33 92,965.04 

i talance . $ 26,649,845.25 $ S9*,508.47 

Deduct re-insured policies 60,000.00 310.00 

Net amount in force at end of year 8 26,589,845.25 $ 89,198.47 



326 



Document No. 10. 



[Session 



SURETY. 

Risks. Premiums. 

In force at beginning of year $ 41,140,812.16 $ 158,015.06 

Written during year 40,358,761.71 158,495.66 

Total $ 81,499,573.87 $ 316,510.72 

Deduct expirations and cancellations 35,877,583.82 139,462.04 

Balance $ 45,621,990.05 $ 177,04s. 68 

Deduct re-insured policies 1,871,293.10 12,249.05 

Net amount in force at end of year $ 43,750,696.95 $ 164,799.63 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Risks Premiums Losses Losses 

Written. Received. Paid. Incurred. 

Fidelity $ 26,000.00 $ 88.00 $ $ 

Surety 67,300.00 427.00 35.00 2,213.18 

Aggregate $ 93,300.00 $ 515.00 $ 35.00 $ 2, 213. 18 

Number of agents working in State during year, ,19. 



EMPLOYERS' LIABILITY ASSURANCE CORPORATION 
(LIMITED) OF GREAT BRITAIN. 

Located in U. S. at Boston, Mass. 

Incorporated 1880. Commenced Business 1881. 

Samuel Appleton, Walter Tracy Dana, Managers and Attorneys. 



Cash capital, $750,000. 
Amount of net or ledger assets December 31, 1899 $ 1, 040, 056. 43 



INCOME. 

Accident. Health. 



Employers' 

Liability. Fidelity. 
Premiums uncollected du- 
ring year $ 174,057.94 f 4,029.58 SI, 381, 395. 28 $ 25,712.80 

Deduct re-insurance, abate- 
ment, rebate and re- 
turn premiums 26,460.61 535.93 160,904.75 3,640.96 

Net cash received for 

premiums $ 147,597.33 $ 3,493.65 $1,220,490.53 $ 22,065.84 



Interest and dividends on stocks and bonds 
From all other sources 



1, 393, 647. 35 
52, 503. 91 
42, 202. 36 



Total income $ 1,488,353.62 

Aggregate last balance and income $ 2,528,410.05 



1903.] Document No. 10. 327 

DISBURSEMENTS. 

Employers' 
Accident. Health. Liability. Fidelity. 

Gross amount paid for 
claims other than weekly 
indemnity $ 11,126.34 § $ 519,832.54 $ 8,787.48 

Gross amount paid for 
weekly or other periodi- 
cal indemity 50,472.94 208.57 



Total $ 61,599.28 $ 208.57 $ 519,832.54 $ S,7s7. 18 

Deduct re-insurance 3,261.79 



Net paid policy-holdersJj 61,599.28 $ 208.57 $ 516,570.75 S 8,787.48 



3 587, 166. 08 

Cost of adjustment and settlement of claims 128, 060. 10 

Commissions to agents 333, 126.44 

Salariesof officers and home-office employees 33,343.23 

Fees for inspections 19, 260. 80 

Salaries, etc., not on commission account 9, 251. 29 

Taxes on premiums, reserves, municipal and State licenses, etc.-- 40, 486. 83 

Furniture and fixtures 1, 714. 42 

Rents . 21,893.62 

Advertising, printing, stationery and postage 21,237.69 

Legal expenses 5, 177. 63 

All other expenses 11, 159. 26 

Total disbursements $ 1,211,877.39 



Balance $ 1,316,532.66 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Cost value of stocks and bonds owned $1,252,862.80 

Cash in company's office 1,800.00 

Cash in bank 459.89 

Cash deposited with trustees 32,419.02 

Market value of bonds and stocks over cost 28,990.95 



Total net ledger assets $ 1,316,532.66 

OTHER ASSETS. 

Interest and rents due and accrued 10, 134. 58 

Gross premiums in course of collection- 
Accident 

' Health 

Employers' Liability 

Fidelity 



ion — 




Unpaid 






Premiums. 




Commissions. 




Net. 


30,408.11 


« 


8,852.68 


$ 


21,555.43 


2,024.67 




675.78 




1,348.89 


257,284.90 




57,872.72 




199,412.18 


3,019.22 


ii- 


619.36 




2,399.86 


f nremini 







Net amount of outstanding premiums 224, 716. 36 

Total assets $ 1, 551, 3S3. 60 



328 Document No. 10. [Session 

LIABILITIES. 

UNPAID LOSSES. 

Resisted on 
In Process Company's Resisted for 

op Adjustment. Account. Employers. 

Accident $ 10,035.00 $ 7,185.00 $ 

Employers' Liability 45,840.00 2,215.00 271,100. on 

Total $ 56,340.00 $ 9,400.00 $ 271,100.00 



Aggregate unpaid claims $ 336, 840. 00 

UNEARNED PREMIUMS. 

On risks running one year— 

Gross Unearned 

Premiums. (50 per cent ). 

Accident $ 134,622.75 S 67,311.38 

Health 5, 411. or. 2,705.53 

Employers' Liability ' 1,073,541.01 536,770.50 

Fidelity 23,211.55 11,605.77 



Fifty per cent, on risks running one year or less $ 018,393.18 

On risks running more than one year— 

Gross Unearned 

Premiums. (Pro rata). 

Employers' Liability $ 47,043.53 $ 26,172.33 

Pro rata on term policies $ 26,172.33 

Total unearned premiums 044,565.51 

Unpaid commission on premiums collected 11,268.46 

Total liabilities, except cash capital and net surplus $ 992, 673. 97 

Cash capital 200,000.00 

Net surplus 358,709.63 

Aggregate of all liabilities $ 1,551,383.60 

RISKS AND PREMIUMS. 

ACCIDENT. 

Risks. Premiums. 

In force at beginning of year $ 26,341,728.00 | 117,074.34 

Written during year 30,436,085.00 175,271.49 



Total I 65,777,813.00 $ 292,345.83 

Deduct expirations and cancellations 35,085,951.00 155,937.56 

Balance $ 30,691,862.00 $ 136,408.27 

Deduct re-insured policies 401,742.00 1,785.52 



Net amount in force at end of year $ 3", 290,120.00 $ 134,622.75 

HEALTH. 

Risks. Premiums.* 

Written during year $ 1,367,830.00 $ 0,079.25 



Total $ 1,367,830.00 $ 6,079.25 

Deduct cancellations and expirations 142,425.00 633.00 



Balance $ 1,225,405.00 $ 5,446.25 

Deduct re-insured policies 7,915.00 35.19 



Net amount in force at end of year $ 1,217,490.00 $ .".,411.06 



1903.] 



Document No. 10. 



329 



EMPLOYERS LIABILITY. 

Risks. Premiums. 

In force at beginning of year 8 211,822,785.00 $ 941,434.60 

Written during year 321, 499, OSS. 00 1,428,884.82 



Total 5 533,321,870.00 $ 2,370,319.42 

Deduct expirations and cancellations 278,671,700.00 1,238,540.90 

Balance $ 254,650,170.00 $ 1,131,778.52 

Deduct re-insured policies 2,518,645.00 11,193.98 



Net amount in force at end of year 8 252,131,525.00 $ 1,120,584.54 

FIDELITY. 



Risks. 

In force at beginning of year $ 4,768,503.00 

Written during year 0,063, 745. no 



Total $ 10,832,248.00 

Deduct expirations and cancellations 5,559,023.00 



Premiums. 
21,193.34 
26,949. 9S 

48,143.32 
24,706.77 



Balance 

Deduct re-insured policies. 



5,273,225.00 $ 
50,625.00 



23,436.55 
225.00 



Net amount in force at end of year $ 5,222,600.00 $ 



23,211.55 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Accident 

Health 

Employers' Liability. 



Risks 
Written. 




Premiums 
Received. 




Losses 
Paid. 




Losses 
Incurred. 


94,221.00 


« 


418.76 


$ 




100.00 


S 


100.00 


114,243.00 




507.75 
1,451.14 












326,506.00 






985.64 




1,075.64 



Aggregate $ 534,970.00 $ 2,377.65 $ 1,085.64 $ 1,175.64 



FIDELITY AND CASUALTY COMPANY OF NEW YORK. 

Located at New York, N. Y. Incorporated 1876. Commenced Business 1876. 
George F. Seward, President. Robert J. Hillas, Secretary. 



Cash capital, $250,000. 
Amount of net or ledger assets December 31, 1899 

INCOME. 

Employer's 
Occident. Liability. Burglary. 

Premiums collected during year $1,606,299.71 .$1,637,690.00 $ 352,486.08 

Deduct re-insurance, abatement, re- 
flate and return premiums 533,016.47 260,460.20 55,067.24 



.$ 2,842,147.81 



Net cash received for premiums .$ 1,113,283.24 $ 1,377, 229. SO $ 297,418.84 



Fidelity Plate Steam 

and Surety. Glass. Boiler. 

Premiums collected during year $ 350,591.45 $ 248,491.47 S 390, on. 7" 

Deduct re-insurance, abatement, re- 
bate and return premiums 59,706.46 34,686.32 110,164.36 



Net cash received for premiums-S 290,884.99 S 213,805.15 8 279,880.34 



Net cash received for premiums 3,572,502.36 



330 Document No. 10. [Session 

Rents $ 63,471.68 

Interest on bonds or dividends on stocks 95,713.94 

Interest upon other debts due the company and on deposits in bank- 2,264.71 



Total interest $ 161,450.33 

Profit on sale or maturity of ledger assets over book values 12, 305. 00 

Total cash income $ 3, 746, 257. 69 

Aggregate last balance and income $ 6, 588, 405. 50 

DISBURSEMENTS. 

Employers' 
Accident. Liability. Burglary. 

Gross amount paid for matured 

claims and weekly indemnity 8 414,652-91 $ 673,696.35 $ 111,062.31 

Deduct re-insurance and salvage 12,169.53 68.06 1,188.06 



Net paid policy-holders $ 402,483.3S $ 673,627.09 $ 109,874.25 

Adjustments and defense of suits— 38,760.04 1*8,610.98 17,700.46 



Fidelity Plate Steam 

and Surety. Glass. Boiler. 
Gross amount paid for matured 

claims and weekly indemnity..-^ 49,283.38 105,623.07 70,532.84 

Deduct re-insurance and salvage 19,532.77 10,384.52 13,678.88 



Net paid policy-holders $ 29,750.61 $ 95,238.55 $ 56,853.96 

Adjustments and defense of suits... 13,270.16 5,729.13 923.13 



Total paid policy-holders and adjustments 1, 612, 828. 34 

Paid stockholders, interest or dividends $ 50,000.00 

Commissions to agents 937,771.81 

Salaries and expenses of agents not on commission account 169,906.86 

Inspections L 128,622.88 

Salaries of officers and home office employees 24S,724.86 

Taxes, licenses and fees 96,328.08 

Rent 38,078. 16 

Legal and real estate repairs and expenses 24, 401. 0^ 

Furniture and fixtures, advertising, printing and stationery 46,528.83 

Losses on ledger assets sold or matured under book value 3,348,25 

All other expenses 73,764.85 

Total miscellaneous expenses — 1, 817, 475. 93 

Total disbursements $ 3, 430, 304. 27 

Balance $ 3,158,101.23 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate owned $ 507,737.29 

Book value of bonds and stocks 2,463,779.28 

Cash in company's office 6,428.15 

Cash in bank 112,886.15 

Bills receivable 5,061.82 

Agents' debit balances 2,20S.54 

All other items 4,620.50 



Total $ 3,162,721.73 

Deduct — 

All other $ 4,620.50 



4, 620. 50 



Total net or ledger assets $ 3, 158, 101. 23 



1903.] Document No. 10. 331 

Total outstanding interest $ 3,739.71 

Market value of bonds and stocks over book value 416, 703. 97 

Reserve re-insurance deposit 23,784.62 

Gross premiums in course of collection — 

Unpaid 
Premiums. Commissions. Net. 

Accident S 177,789.79 8 46,669.82 8 131,119.97 

Employers' Liability 178,132.15 46,759.69 131,372.46 

Burglary 22,422.69 5,885,96 16,536.73 

Fidelity and Surety 9,859.80 2,588.19 7,271.61 

Plate Glass 25,726.01 6,753.08 18,972.93 

Steam Boiler 48,651.55 12,771.82 35,882.73 



Net amount outstanding premiums 341, 156. 43 

Total assets $ 3,943,485.96 

Deduct — 

Agents' debit balances unsecured 8 2,208.54 

Bills receivable unsecured 5,061.82 



Total deductions 7,270.36 

Total admitted assets $ 3,936,215.60 

LIABILITIES. 

UXPAID LOSSES. 

Known or Esti- 
In Process of mated — Proofs Resisted i;y 
Adjustment. not Filed Company. 

Accident 8 45,808.50 $ 28,095.00 8 46,378.50 

Employers' Liability 93,350.00 464,550.00 

Burglary 19,300.04 3,150.00 

Fidelity and Surety 16,070.91 12,676.32' 

Plate Glass 10,568.99 

Steam Boiler 1,132.34 



Totals 8 1S6.230.78 S 28,095.00 8 526,754.82 



Aggregate of unpaid claims $ 741, 080. 60 

Total unearned premiums 1, 859, 134. 49 

Contingent fund 150, 000. 00 

Salaries, rent, expenses, taxes, fees, etc 43,004.38 

Total liabilities, except casb capital and net surplus § 2, 793, 219. 47 

Cash capital 250,000.00 

Net surplus 892,996.13 

Total $ 3, 936, 215. 60 

RISKS AND PREMIUMS. 

ACCIDENT. 

Risks. _ Premiums. 

In force at beginning of year 8 308,661,397.00 $ 1,117,076.81 

Written during year 521,172,008.32 1,644,S76.63 

Total 8 829,833,405.32 8 2,761,953.44 

Deduct those expired and marked off as cancelled 511,976, 025. no 1,644,179.85 

Balance 8 317,857,380.32 - 1,117,773.59 

Deduct re-insured policies 13,333.33 85.54 

Net amount in force at end of year 8 317,844,046.99 S 1,117,688.05 



332 



Document No. 10. 



[Session 



EMPLOYERS LIABILITY. 



Risks. Premiums. 

$ 1,177,094.16 

1,678,224.27 

$ 2,855,318.43 
1,633,474.32 

$ 1,221,844.11 
2,425.65 

Net amount in force at end of year S 188,164,333.34 $ 1,219,418.46 

BURGLARY. 



In force at beginning of year $ 180,483,333.00 

Written during year 218,079,333.00 

Total $ 398,562,666.00 

Deduct those expired and marked off as cancelled 210,361,666.00 

Balanee 5 188,201,000.00 

Deduct re-insured policies 36,666.66 



In force at beginning of year- 
Written during year 



Risks. 
_$ 32,654,014.51 
46,545,363.81 



Premiums. 
265,188.07 
350,340.66 



Total $ 79,199,978.32 

Deduct those expired and marked off as cancelled 38, 676, 413. 84 



015,528.73 
312,209.49 



Balance $ 40,523,564.48 $ 

Net amount in force at end of year $ 40,523,564.48 $ 

FIDELITY. 



303,229.24 



303,229.24 



Risks. 

In force at beginning of year $ 46,287,801.32 

Written during year 89,722,940.17 



Total $ 136,010,741.49 

Deduct those expired and marked off as cancelled 70,476,132.32 



Balanee $ 65,534,609.17 

Deduct re-insured policies 72,500.00 



Net amount in force at end of year $ 65,462,109.17 

PLATE GLASS. 

Risks. 

In force at beginning of year 5 8,835,232.05 

Written during year 10,634,559.04 



Total S 19,469,791.09 

Deduct those expired and marked off as cancelled 10,206,640.55 



Balance 

Deduct re-insured policies 

Net amount in force at end of year. 



9,263,150.54 

1,236.80 



9,261,913.74 



STEAM BOILER. 

Risks. 

In force at beginning of year 8 108,371,574.50 

Written during year 97,392,668.50 



Total $ 205, 764, 24:;. on 

Deduct those expired and marked off as cancelled 95,(162,239.50 



Balance $ 110,702,003.50 



Net amount in force at end of year $ 110,702,003. .mi 



Premiums. 
$ 175,885.71 

352,855.51 

$ 528,741.22 

232,464.34 

$. 296.276.88 
321.00 

$ 295,955.88 



Premiums. 

196,904.56 
252,414.62 

449,319.18 
229,822.54 

219,496.64 
24.70 

219,471.94 

Premiums. 

507,084.36 
379,041.66 

886,126.02 
366,382.58 

519,743.44 

519.743.44 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Losses Losses 

Paid. Incurred. 

2,158.26 $ 2,158.26 



Risks 
Written. 

Accident 8 4,465,875.00 

Employers' Liability 1, Win, nun. no 

Burglary 118,960.00 

Fidelity and Surety 25,250.00 

Plate Glass 45,067. L0 

Steam Boiler 1,179,000,00 



Premiums 
Received. 

1n,840.28 

11,787.93 

866.34 

133.35 

1,096.71 

4,523.23 



4,119.09 



4,119.09 



375.25 

10,048.40 



375.25 
10,048.40 



Aggregate $ 7,434,152.10 S 29,247.84 % 16,701.00 



16,701.00 



1903.] Document No. 10. 333 

FIDELITY AND DEPOSIT COMPANY OF MARYLAND. 

Located at Baltimore, Md. Incorporated 1S90. Commenced Business 1890. 

Edwin Warfield, President. Herman E. Bosler, Secretary. 



Cash capital, SI, 500, 000. 
Amount of net or ledger assets December 31, 1899 $ 4, 120, 325. 25 

INCOME. 

Premiums collected during year $ 1,162,003.00 

Deduct re-insurance, rebate, abatement and return premiums 23,740.53 

Net cash received for premiums 1, 138, 262. 47 

Rents S 38,453.32 

Interest on bonds and dividends on stocks 135,671.43 

Total rents and interest '. 174, 124. 75 

Commissions, safe deposits, etc 73,743.53 

Total income S 1,386, 130.75 

Aggregate last balance and income $ 5, 506, 456. 00 

DISBURSEMENTS. 

Gross amount paid for matured claims $ 131,867.34 

Deduct re-insurance, abatement and return premiums 60,607.48 

Net amount paid for losses 371, 259. 86 

Paid stockholders for interest or dividends ? 262,417.50 

Commissions to agents 27it,261.34 

Inspections and adjusting 51,894.12 

Salaries of officers and home-office employees 77,835. ui 

Taxes, fees and licenses 52,319.11 

Rent 7,924.98 

Legal expenses, real estate repairs, etc. 29,110.02 

Furniture, fixtures, advertising, printing and stationery 21,396.38 

All other expenses 69,065.94 

Total miscellaneous expenses 851, 254. 43 

Total disbursements - $ 1, 222,514.29 

Balance $ 4,283,941.71 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate g 600,000.00 

Book value of stocks and bonds 3,364,357.00 

Casb in company's office 41,613.11 

Cash in bank 277,971.57 

Total net or ledger assets $ 4, 283, 941. 71 



334 Document No. 10. [Session 

OTHER ASSETS. 

Net amount of outstanding premiums $ 97, 372. 08 



Total admitted assets $ 4,381,313.79 

LIABILITIES. 

UNPAID LOSSES. 

Resisted by 
Principals on 
Claims An- Known or Esti- Bonds not Ad- 

justed and In Process of mated — Proofs mittf.d bt 
not Paid. Adjustment. not Filed. Company. 

Fidelity and Surety-S 4,479.89 8 25,872.94 S 19,254.87 $ 105,555.39 



Aggregate of unpaid claims 155, 163. 09 

UNEARNED PREMIUMS. 

On risks running one year or less — 

Gross Unearned 

Premiums. (50 per cent.). 

Fidelity and Surety $ 1,300,496.78 $ 650,248.39 



Total unearned premiums 650, 248. 39 

Total liabilities, excepting cash capital and net surplus $ 805, 411. 48 

Cash capital 1, 500, 000. 00 

Net surplus 2, 075, 902. 31 

Total liabilities $ 4,381,313.79 

RISKS AND PREMIUMS. 

FIDELITY. 

Risks.* Premiums. 

In force at beginning of year $ 147,663,874.65 $ 723,874.11 

Written during year 208,002,041.00 825,035.18 



Total $ 355,725,915.65 $ 1,548,909.29 

Deduct expirations and cancellations 181,117,006.00 835,436.05 

Net amount in force at end of year $ 174,608,909.65 $ 713,473.24 

SURETY. 

Risks. Premiums. 

In force at beginning of year $ 66,537,000. on $ 500,504.55 

Written during year 40,984,324.00 310,286.47 

Total $ 107,521,324.00 $ 810,791.02 

Deduct expirations and cancellations 20,328,950.00 223,767.48 



Net amount in force at end of year $ 87,192,374.00 $ 587,023.54 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Risks Premiums Losses Losses 

Written. Received. Paid. Incurred. 

Fidelity $ 831,250.00 $ 3,412.55 $ $ 

Surety 200,000.00 2,720.34 715.75 



Aggregate $ 1,031,250.00 $ 6,133.89 $ 715.75 $- 



1903.] Document No. 10. 335 

HERTFORD STEAM BOILER INSPECTION AND INSUR- 
ANCE COMPANY OF CONNECTICUT. 

Located at Hartford, Conn. Incorporated 1866. Commenced Business 1866. 
J. M. Allen, President. J. B. Pierce, Secretary. 



Cash capital, $500, 000. 

Amount of net or ledger assets December 31, 1899 $ 2,214,292.86 

INCOME. 

Premiums collected during year S 1,288,816.44 

Deduct re-insurance, abatement, rebate and return premiums— 140,776.30 

Net cash received for premiums 1, 148,040. 14 

Interest on loans on mortgages $ 16,267.67 

Interest on bonds and dividends on stocks 89,755.52 

Interest on other debts and deposits 4, 018.63 

Total interest 110,041.82 

Profit on sales or maturity of ledger assets S 21,304.80 

Special mechanical services 3, 031.35 

24, 336. 76 

Total cash income $ 1. 288 > 2 " 6 - 05 

Aggregate last balance and income $ 3, 502, 568. 91 

DISBURSEMENTS. 
Net cash paid for losses -— 109, 331. 53 

Paid stockholders interest on dividends $ 80,000.00 

Commissions to agents 276,519.37 

Salaries and expenses of agents not on commission account 113,169.99 

Inspections 389,200.87 

Salaries and fees of officers and home-offiee employees 51,200.50 

Taxes, fees and licenses 30,061.16 

Rents 4,7on.iiu 

Legal expenses 3,951.18 

Furniture, fixtures, advertising, printing and stationery 38,423.04 

Losses on ledger assets sold or matured under book value 10,431.28 

Office expenses 2,254.63 

Profit and loss in re-adjusting real estate account _ 13,557.51 

Total miscellaneous expenses 919, 962. 02 

Total disbursements $ 1, 122, 851. 06 

Balance $ 2,379,717.85 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate S 30,712.00 

Loans on mortgages on real estate 458,450.00 

Book value of stocks and bonds 1,736,064.00 

Cash in company's office 20,322.25 

Cash in bank.. 129,746.12 

Allother 4,423.48 

Total net ledger assets $ 2, 379, 717. 85 



336 Document No. 10. [Session 

OTHER ASSETS. 

Total outstanding interest $ 12, 616. 93 

Market value of stocks and bonds over book value 85, 301. 00 

Net amount of outstanding premiums 223, 391. 28 

Total admitted assets $ 2,701,027.06 

LIABILITIES. 

Losses in process of adjustment $ 17, 851. 85 

Unearned premiums — 

Fifty per cent, on risks running one year or less $ 39,639.88 

Pro rata on risks running more than one year 1,521,794.48 

Total unearned premiums 1, 561, 434. 36 

Total liabilities, except cash capital and net surplus $ 1, 579, 286. 21 

Cash capital 500,000.00 

Net surplus 621,740.85 

Total liabilities, including cash capital and net surplus $ 2, 701, 027. 06 

RISKS AND PREMIUMS. 

STEAM BOILER. 

Risks. Premiums. 

In force at beginning of year $ 303,422,520.00 $ 2,737,703.65 

Written during year 133,904,232.00 1,212,363.30 

Total $ 437,320,752.00 $ 3,950,066.95 

Deduct those expired and marked off as terminated 112,481,308.00 1,010,162.74 

In force at end of year $ 324,845,444.00 $ 2,939,904.21 

Unearned premiums computed at fifty per cent $ $ 1,469,952.10 



UNEARNED PREMIUMS PRO RATA. 

Year Amount Premiums Fractions Premiums 

Written. Term. Insured. Thereon. Unearned. Unearned. 

In 1900 1 year or less One-half $ 14,738,665.00 $ 79,279.77 $ 39,639.88 

In 1899 2years One-fourth 1,807,500.00 9,072.66 2,268.16 

In 1900 2 years Three-fourths 2,301,350.00 11, oil. 53 8,281.14 

In 1898 3 years One-sixth 83,200,706.00 781,451.32 130,241.88 

In 1899 3 years One-half 107,658,724.00 981,392.67 490,696.33 

In 1900 3 years Five-sixths 113,063,579.00 1,055,106.(17 879,255.05 

In 1S96 5 years One-tenth 381,000.00 4,383.50 438.35 

In 1897 5 years '_ Three-tenths 389,900.00 4,133.82 1,240.14 

In 1898 5 years One-half 502,000.00 5,627.87 2,813.93 

In 1899 5 years Seven-tenths 477,000.00 5,070.00 3,549.00 

In 1900 5 years Nine-tenths 325,000.00 3,345.00 3,010.50 

Totals 8 324,845,424.00 $ 2,939,901.21 $ 1,561,434.36 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Risks written $ 2,195,000.00 

Premiums received, including inspection 17,648.90 

Losses paid 4,051. 11 

Losses incurred 4,1 IS. 26 



1903.] Document No. 10. 337 

MARYLAND CASUALTY COMPANY OF MARYLAND. 

Located at Baltimore, Md. Incorporated 1898, Coininenced Business 1898. 

John* T. Stone, President. William Edward Tiiomsen, Secretary. 



Cash capital, $750, 000. 

Amount of net or ledger assets December 31, 1899 $ 1, 807, 314. 28 

INCOME. 

Employers' 
Accident. Liability. Sprinkler. 

Premiums collected during year $ 212,881.13 51,304,434.52 $ 30,716.53 

Deduct re-insurance, abatement, 

rebate and return premiums 37,127.45 200,436.22 2,308.88 

Xet cash received for premiums_8 175,753.68 $1,103,998.30 S 28,407.65 

Plate Steam 

Glass. Boiler. Health 

Premiums collected during year $ 81,122.77 "> 81,883.60 3 2,454.50 

Deduct re-insurance, abatement, 

rebate and return premiums 11,007.73 14,308.21 287.52 

Net cash received for premiums-S 69,515.64 $ 67,577.39 $ 2,166.98 

1,447,419.04 
Interest on collateral loans $ 35,040.08 

Interest on bonds and dividends on stocks 40,743.32 

Interest on other debts due the company 1,090.87 

Total interest 76, 880. 87 

Profit on sale or maturity of ledger assets over book value 16, 312. 96 

From inspection fees 40, 602. 18 

From all other sources 5. 00 

Total income during year $ 1, 581, 220. 05 

Aggregate last balance and income $ 3,388,534.33 

DISBURSEMENTS. 

Employers' 
Accident. Liability. Health. 

Gross amount paid for matured 

claims and weekly indemnity— $ 78,004.04 $ 325,121.39 $ 339.28 

Sprinkler. Plate Glass. Steam Boiler. 
Gross amount paid for matured 

claims and weekly indemnity— $ 3,424.02 S 2S,410.29 $ 14,130.03 

Net cash paid for losses 450, 030. 55 

Interest or dividends to stockholders $ 89,970.25 

Commissions to agents 459,951.42 

Salaries and expenses of agents not on commission account 42,998.45 

Salaries of officers and home-office employees 23,051.07 

Medical examiners' fees and inspections 101,399.32 

Taxes, fees and licenses 14,409.70 

Investigating claims _ 80,148.58 

22 



338 Document No. 10. [Session 

Rents $ 4,000.00 

Furniture and fixtures, advertising, printing, stationery and post- 
age 15,442.01 

Legal expenses 32,059.81 

All other expenses 20,448.02 

Total miscellaneous expenses $ 914,539.25 

Total disbursements $ 1,364,569.80 

Balance . $ 2, 023, 964. 53 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Loans on bonds, stocks and other collaterals $ 603,850.00 

Book value of bonds 1,192,330.38 

Cash in company's office 19,723.09 

Cash in bank 97,614.54 

Bills receivable 3,569.50 

Agents' debit balances 6,923.17 

All other 100,100.00 

Total $ 2,024,110.68 

Deduct ledger liabilities- 
Agents' credit balances $ 1 IB. 15 



146. 15 



Total net ledger assets $ 2,023,964.53 

OTHER 'ASSETS. 

Total outstanding interest 4, 430. 00 

Market value of bonds and stocks over book value 52, 192.07 

Unpaid 

Premiums. Commissions. Net. 

Accident $ 44,278.95 $ 13,283.68 $ 3(1,995.27 

Employers' Liability 209,072.87 68,861.46 200,211.42 

Health 448.75 67.30 381.45 

Plate Glass 15,470.26 4,641.08 10,829.18 

Steam Boiler 14,211.40 3,638.12 10,573.28 

Sprinkler 4,181.45 1,070.45 3,111.00 



Net amount of outstanding premiums 256, 101. 60 

Total assets $ 2,336,688.20 

Deduct non-admitted assets — 

Furniture, fixtures and supplies $ 100.00 

Agents' d^bit balances unsecured 6,923.17 

Bills receivable unsecured 3,569.50 

Total deductions 10,592.67 

Total admitted assets ._$ 2, 326,095. 53 

LIABILITIES. 

UNPAID LOSSES. 



Accident 

Employers' Liability. 
Health 

Plate Glass 

Steam Boiler 



In Process op 






Adjustment. 




Resisted. 


.$ 13,218.02 


« 


1,210.00 


51,909.80 




126,174.50 


275.00 






4,332.62 






2,063.00 




175.00 



Aggregate unpaid losses $ 199,357.94 



1903.] Document No. 10. 339 

UNEARNED PREMIUMS. 

On risks running one year or less— 

Gross Unearned 

Premiums. (50 per cent.). 

Accident 8 144,113.36 $ 72,056.67 

Employers' Liability 937,928.77 468,965.38 

Sprinkler Leakage 29,593.26 14,796.63 

Plate Glass 78,161.39 39,080.69 

Steam Boiler 28,996.62 14,498.31 

Health 2,363.50 1,181.75 

Fifty per cent, on risks running one year or less 1 610,579.43 

On risks running more than one year— 

Gross Unearned 

Premiums. (Pro rata). 

Employers' Liability 8 36,326.89 8 19,562.42 

Plate Glass 6,251.20 2,918.85 

Steam Boiler 62,887.27 40,664.79 

Pro rata on risks running more than one year 63,146.06 

Total unpaid premiums $ 673, 725. 49 

Unpaid dividends to stockholders 29. 75 

Safety reserve 25, 000. 00 

Total liabilities, except cash capital and net surplus $ 898, 113. 18 

Cash capital 750,000.00 

Net surplus _ 677, 982. 35 

Total liabilities, including cash capital and net surplus $ 2, 236, 095. 53 

RISKS AND PREMIUMS. 

ACCIDENT. 

Risks. Premiums. 

In force at beginning of year 8 20,919,850.00 $ 91,384.16 

Written during year 76, 736,300.00 233,378.90 

Total 8 97,656,150.00 $ 324,763.06 

Deduct expirations and cancellations 67,514,850.00 179,820.89 

Balance $ 30,141,300.00 8 144,942.17 

Deduct re-insured policies 239,000.00 828.81 

Net amount in force at end of year $ 29,902,300.00 S 144,113.36 

employers' liability. 

Risks. Premiums. 

In force at beginning of year 8 56,732,500.00 $ 899,572.14 

Written during year 68,857,499.00 1,325,193.84 

Total , 8 125,589,999.00 8 2,224,765.98 

Deduct expirations and cancellations 64,722,333.00 1,248,740.97 

Balance 8 60,867,660.00 8 976,025.01 

Deduct ro-insured policies 75,000.00 1, 769.35 

Net amount in force at end of year 8 60,792,666.00 8 974,255.66 

HEALTH. 

Risks. Premiums. 

Written during year 8 1,065,275.00 $ 2,903.25 

Total 8 1,065,275.00 8 2,903.25 

Deduct expirations and cancellations 341,925.00 539.75 

Net amount in force at end of year 8 723,350.00 8 2,363.50 



340 Document No. 10. [Session 

PLATE GLASS. 

Risks*. Premiums. 

In force at beginning of year $ 529,438.13 $ 25,718.49 

Written during year 1,603,449.69 91,059.05 

Total $ 2,132,887.82 $ 117,377.54 

Deduct expirations and cancellations 633,892.46 32,964.95 

Net amount in force at end of year § 1,498,995.36 $ 84,412.59 

STEAM BOILER. 

Risk*. Premiums. 

In force at beginning of year $ 19,178,567.00 $ 55,546.57 

Written during year 25,830,600.00 72,894.72 

Total $ 45,009,167.00 8 128,441.29 

Deduct expirations and cancellations 14,663,867.00 36,488.10 

Balance $ 30,345,300.00 8 91,953.19 

Deduct re-insured policies 15,000.00 69.30 

Net amount in force at end of year $ 30,330,300.00 $ 91,883.89 

SPRINKLER LEAKAGE. 

Risks. Premiums. 

In force at beginning of year $ 1,042,800.00 $ 10,958.74 

Written during year ■_ 2,925,650.00 31,814.76 

Total $ 3,968,450.00 $ 42,773.50 

Deduct expirations and cancellations 1,222,200.00 13,067.74 

Balance $ 2,746,250.00 $ 29,705.76 

Deduct re-insured policies 15,000.00 112.50 

Net amount in force at end of year $ 2,731,250.00 $ 29,593.26 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Risks Premiums Losses Losses 

Written. Received. Paid. Incurred. 

Accident $ 753,100.00 $ 2,873.68 $ 3,221.30 $ 3,221.30 

Employers' Liability 142,000.00 1,776.27 264.41 264.41 

Plate Glass— 10,792.30 436.36 221.18 221.18 

Steam Boiler 115,000.00 309.05 

Health 46,250.00 117.98 

Aggregate $ 1,067,142.30 $ 5,530.84 $ 3,706.89 $ 3,706.89 



1903.] Document No. 10. 341 

NATIONAL SURETY COMPANY OF NEW YORK CITY. 

Located at New York City. Incorporated 1897. Commenced Business 1897. 
Charles A. Dean, President. Ballard McCall, Secretary. 



Cash capital, $500,000. 

Amount of net or ledger assets December 31, 1899 $ 1, 328, 989. 53 

INCOME. 

Premiums collected during year $ 053,128.40 

Deduct re-insurance, abatement, rebate and return premiums 94,381.62 

Net cash received forpremiums 558, 746. 78 

Interest on mortgage loans 8 1,513.29 

Interest on collateral loans 1,173.26 

Interest on bonds and dividends on stocks 36,852.49 

Interest on other debts due the company 1,049.29 

Total interest 40,588.33 

Profit on sale or maturity of ledger assets over book value S 4,306.25 

From all othersources 53,898.99 

58, 205. 24 

Total income $ 657,540.35 

Aggregate last balance and income $ 1,986, 529. 88 

DISBURSEMENTS. 

• Fidelity and 

SURKTT. 

Gross amount paid for matured claims S 147,632.62 

Deduct re-insurance and salvage 52,503.01 

Net cash paid for losses 95, 129. 61 

Interest or dividends to stockholders $ 50,000.00 

Commissions to agents 43,918.32 

Salaries and expenses of agents not on commission account 72,384.32 

Compensation of resident officers and consulting attorney's fees... 15,299.87 

Salaries of officers and home-office employees 98,309.42 

Taxes, licenses and fees 17,791.90 

Rents 10,008.28 

Legal expenses 29,657.84 

Printing and stationery 13,206.52 

All other expenses 76,854.67 

Total miscellaneous expenses 427, 431. 14 

Total disbursements $ 522,560.75 

Balance $ 1, 463, §69. 13 



342 Document No. 10. [Session 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 11,225.00 

Loans on mortgages 13,704.39 

Loans on collaterals 32,000.00 

Book value of stocks and bonds 1,241,903.25 

Cash in company's office 1,703.14 

Cash in bank 60,264.56 

Furniture, safes, etc 21,772.63 

Advanced on contracts (secured) 75,254.09 

Tax bills 142.07 



Total net ledger assets $ 1,463,969. 13 

OTHER ASSETS. 

Total outstanding interest 8, 416. 72 

Market value of bonds and stocks over book value 14, 146. 75 

Gross premiums in course of collection $ 48,804.17 

Unpaid commissions thereon 4,880.42 

Net amount of outstanding premiums 43, 923. 75 

Total assets $ 1,530,456.35 

Deduct non-admitted assets — 

Furniture, fixtures and equipment $ 21,772.63 

Tax bills 142.07 



Total deductions 21,914. 70 

Total admitted assets $ 1, 508, 541. 65 

LIABILITIES. 

UNPAID LOSSES. 

In Process of Resisted by 
Adjustment. Company. 

Gross amount of claims $ 25,504.55 $ 18,037.59 

Aggregate of unpaid losses $ 43, 542. 14 

UNEARNED PREMIUMS. 

On risks running one year or less — 

Gross Unearned 

Premiums. (50 per cent.). 

Fidelity and Surety $ 527,974.96 $ 263,987.48 

Total unearned premiums 263,987.48 

Special reserve for contingent claims 21, 000. 00 

For re-insurance 685. 09 

Trust funds, etc 87,002.32 

Total liabilities, except cash capital and net surplus $ 416, 217. 03 

Cash capital 500,000.00 

Net surplus 592,324.62 

Total liabilities, including cash capital and net surplus $ 1, 508, 541. 65 



1903.] Document No. 10. 343 

RISKS AND PREMIUMS. 

FIDELITY. 

Risks. Premiums. 

In force at beginning of year 8 58,189,983.00 $ 250,251.65 

Written during year 108,335,750.00 420,979.39 

Total $ 160,525,733.(111 g 671,231.04 

Deduct expirations and cancellations 69, 998, 400. on 359,700.35 

Balance S 96,527,327.00 $ 311,470.69 

Deduct re-insured policies 4,016,000.00 12,527.47 

Net amount in force at end of year $ 92,510,661.00 $ 298,943.22 

SURETY. 

Risks. Premiums. 

In force at beginning of year $ 89,753,464.00 8 254,611.73 

Written during year 82,568,991.00 232.869.49 

Total 8 172,322,455.00 $ 487,481.22 

Deduct expirations and cancellation* 84,599,876.00 254,517.26 

Balance $ 87,722,579.00 $ 232,903.97 

Deduct re-insured policies 1,163,803.00 3,932.23 

Net amount in force at end of year 3 86,558,770.00 $ 229,031.74 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Risks Premiums Losses Losses 

Written. Received. Paid. Incurred. 

Fidelity and Surety $1,305,605.00 $ 3,420.73 $ 40.65 $ 40.65 



NEW YORK PLATE GLASS INSURANCE COMPANY 

OF NEW YORK. 

Located at New York, N. Y. Incorporated 1891. Commenced Business 1891. 
Max. Danziger, President. Major A. White, Secretary. 



Cash capital, $100, 000. 
Amount of net or ledger assets December 31, 1899 $ 341, 72:;. 79 

INCOME. 

Premiums collected during year $ 314,092.74 

Deduct re-insurance, abatement, rebate and return premiums 66,013.45 

Net cash received for premiums 248,079.29 

Interest on bonds and dividends on stocks $ 12,193.14 

Total interest 12, 193. 14 

From all other sources _._ __ _ 150.35 

156. 35 

Total income $ 260,428. 78 

Aggregate last balance and income $ 602, 152. 57 



344 Document No. 10. [Session 

DISBURSEMENTS. 

Gross amount paid for claims $ 142,195.54 

Deduct re-insurance and salvage 12,854.45 

Net cash paid for losses $ 129, 341. 09 

Paid stockholders interest or dividend* $ 10,000.00 

Commissions to agents 78,583.89 

Salaries and expenses of agents not on commission account 7,922.06 

Salaries of officers and home-office employees 20,743.80 

Taxes, licenses and fees 9,217.92 

Losses on ledger assets sold under book value 43.75 

Rents 3,209.92 

Furniture and fixtures, advertising, printing and stationery 1,960.52 

Legal expenses 97.30 

All other expenses 8,061.56 

Total miscellaneous expenses 143, 840. 72 

Total disbursements $ 275,181.81 

Balance $ 326,970.76 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Loans on mortgages other than first liens $ 2,500.00 

Book value of stocks and bonds 298,900.99 

Cash in company's office 2,775.94 

Cash in bank 22,733.83 

Total net ledger assets $ 326,970.76 

OTHER ASSETS. 

Market value of bonds and stocks over book value 38, 724. 01 

Gross premiums in course of collection 8 45,325.71 

Unpaid commissions thereon 14,504.23 

Total amount of outstanding premiums 30, 821. 48 

Total admitted assets $ 396,516.25 

LIABILITIES. 

UNPAID LOSSES. 

Aggregate of unpaid losses 1 3, 253. 58 

Total unearned premiums 128,090.93 

Cash dividends to stockholders declared but not yet due 5, 000. 00 

Salaries, rent, expenses, etc 466.67 

Return premiums 1, 629. 62 

Total liabilities, except cash capital and net surplus $ 138, 440. 80 

Cash capital 100,000.00 

Net surplus 158.075.45 

Total liabilities, including cash capital and net surplus $ 396, 516. 25 

RISKS AND PREMIUMS. 

Risks. Premiums. 

In force at beginning of year 8 11,209,527.43 8 224,309.15 

Written dining year 13,987,373.28 319,477.20 

Total 8 25,190,900.71 $ 543,786.35 

Deduct those expired and marked oft as cancelled 13,702,381.92 289,245.36 

Net amount in force at end of year 8 11,494,515.79 8 254,540.99 



1903.] Document No. 10. 345 

BUSINESS IX NORTH CAROLINA DURING THE YEAR. 

Rieks written $ 20,853.96 

Premiums received 518.91 

Losses paid 458.57 

Losses incurred 593.57 



THE PREFERRED ACCIDENT INSURANCE COMPANY 

OF NEW YORK. 

Located at New York City. Incorporated 1893. Commenced Business 1893. 
Piiineas C. Loundsbury, President. Kimball C. Atwood, Secretary. 



Cash capita], $200, 000. 
Amount of net or ledger assets December 31, 1899-- $ 738, 596. 62 

INCOME. 

Premiums collected during year $ 1,091,586.35 

E>educt re-insurance, abatement, rebate and return premiums 4,|>28.32 

Net cash received for premiums 1, 087, 558. 03 

Interest on bonds and dividends on stocks $ 19,841.50 

Interest on other debts due the company 800.00 

Total interest 20,641.50 

Total income $ 1, 108, 199. 53 

Aggregate last balance and income $ 1, 846, 796. 15 

DISBURSEMENTS. 
Net cash paid for losses 348, 386. 45 

Interest or dividends to stockholders $ 12,000.00 

Commissions to agents 347, 153. 02 

Salaries and expenses of agents not on commission account 39,92.^. 7"> 

Salaries of officers and home office employees 75,785.50 

Medical examiners' fees and inspections 19,313.00 

Taxes, licenses and fees 18,809.70 

Rents 18,5iin. i N - 

Furniture and fixtures, advertising, printing and stationery 51,913.40 

Legal expenses 4,227.65 

All other expenses 35,359.47 

Total miscellaneous expenses 622,987.49 

Total disbursements $ 971, 373. 94 

Balance $ 875,422.21 



346 



Document No. 10. 



[Session 



ASSETS. 

AS PER LEDGER ACCOUNTS. 



Book value of stocks and bonds . 

Cash in company's office 

Cash in bank 

Agents' debit balances 

Total net ledger assets 



616,339.60 

5,875.85 

164,872.61 

88,334.15 



.$ 875,422.21 



OTHER ASSETS. 

Total outstanding interest 

Market value of bonds and stocks over book value 

Gross premiums in course of collection $ 126,500.00 

Unpaid commissions thereon 37,050.00 

Net amount of outstanding premiums 

Gross assets $ 

Deduct non-admitted assets — 

Agents' debit balances unsecured $ S8,334.15 

Total deductions ~ 



LIABILITIES. 

UNPAID LOSSES. 



In process of adjustment 

Known or estimated, proofs not filed 
Resisted by company 



43,825.00 
17,175.00 
17,000.00 



Aggregate of unpaid losses 

Total unearned premiums 

Salaries, rents, expenses, etc 

Total liabilities, excepting cash capital and net surplus- 

Cash capital 

Net surplus 



2, 788. 15 
20, 805. 40 



88, 550. 00 



987, 565. 76 



88, 334. 15 



Total admitted assets $ 899,231.61 



78, 000. 00 

430, 066. 78 

2, 723. 35 

510, 790. 13 
200, 000. 00 
18S, 441. 48 



899, 231. 61 



Total liabilities, including cash capital and net surplus $ 

RISKS AND PREMIUMS. 

Risks. Premiums. 

In force at beginning of year - $ 373,905,000.00 $ 645,410.00 

Written during year 572,320,000.00 1,125,301.75 



Total 8 946,225,000.00 $ 1,770,711.75 

Deduct those expired and marked off as cancelled 544,776,000.00 969,662.51 



Net amount in force at end of year f 401,449,000.00 $ 



801,049.24 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Risks written 

Premiums received. 

Losses paid 

Losses incurred 



2,876,000.00 

5,561.25 
3,076.39 
3,263.89 



1903.] Document No. 10. 347 

STANDARD LIFE AND ACCIDENT INSURANCE 
COMPANY OF MICHIGAN. 

Located at Detroit, Mich. Incorporated 1884. Commenced Business 1884. 

D. M. Ferry, President. E. A. Leonard, Secretary. 



Cash capital, §250, 000. 
Amount of net or ledger assets December 31, 1809 $ . 740, 271.00 

INCOME. 

Employees' 
Accident. Liability. Health. 

Premiums collected during year $ 855,238.52 $ 487,710.94 S 63,890.21 

Deduct re-insurance, abatement, re- 
bate and return premiums 175,821.29 42,051.31 10,305.71 



Total ? 679,417.23 S 445,659.63 $ 53,590.50 



Net cash received for premiums 1, 178, 667. 36 

Rents $ 1,891.64 

Interest on loans on mortgages 12,981.16 

Interest on bonds and dividends on stocks 18,711.59 

Interest on other debts due the company 760.54 

Total rents and interest 34,347.93 

From all other sources 65, 000.00 

Total income during year 8 1, 278, 015. 29 

Aggregate last balance and income $ 2, 027, 286. 55 



DISBURSEMENTS. 

Employers' 

Aci ii'EXT. Liability. Health. 

Gross amouut paid for claims and 

weekly indemnity 8 314,318.88 s 192,845.19 $ 22,808.02 

Deduct re-insurance and salvage 946.48 237.83 



Total 5 313,372.40 $ 192,607.36 S 22,S08.02 



Net cash paid for losses $ 528, 787. 78 

Paid stockholders interest or dividends $ 10,000.00 

Commissions to agents 323,574.50 

Salaries and expenses of agents not on commission account 43,813.36 

Salaries of officers and home-office employees 52,642.54 

Medical examiners' fees and inspections 12,969.25 

Taxes licenses and fees 33,758.74 

Rents s.i -14.25 

Furniture and fixtures, advertising, printing and stationery L5,0 14.09 

Legal expenses 7,861.43 

All other expenses 34,628.69 



Total miscellaneous expenses 542, 926. 85 

Total disbursements $ 1,071, 714.63 

Balance $ 955,571.92 



348 Document No. 10. [Session 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate S 87,930.43 

Loans on mortgages 255,687.00 

Book value of stocks and bonds 514,427.52 

Cash in company's office 478.77 

Cash in bank 96,223.70 

Bills receivable 322.50 

Agents' debit balances 502.00 

Total net ledger assets $ 955,571.92 

OTHER ASSETS. 

Total outstanding interest 12,049.10 

Market value of bonds and stocks over book value 7,603.48 

Gross premiums in course of collection — 

Unpaid 
Premiums. Commissions. Net. 

Accident $ 167,434.47 $ 46,044.48 $ 121,389.99 

Employers' Liability 60,055.09 16,515.15 43,539.94 

Health 21,920.96 6,028.26 15,892.70 

Net amount of outstanding premiums 180, 822. 63 

Total assets $ 1, 156,047. 13 

Deduct non admitted assets — 

Agents' debit balances unsecured $ 502.00 

Bills receivable unsecured 322.50 



Total deductions 824. 50 



Total admitted assets $ 1,155,222.63 

LIABILITIES. 

UNPAID LOSSES. 

In Process or Resisted by Resisted for 
Adjustment. Com tan y. Employers. 

Accident $ 25,930.00 $ 15,640.00 $ 

Employers Liability 41,100.00 96, 800. no 

Health 1,055.00 



Total $ 68,085.00 8 15,640.00 $ 96,800.00 



Aggregate of unpaid losses $ 180, 525. 00 

UNEARNED PREMIUMS. 

On risks running one year or less — 

Gross Unearned 

Premiums. (50 per cent.). 

Accident $ '596,000.40 S 298,000.20 

Employers' Liability 361,572.31 180,786.16 

Health 55,396.78 27,698.39 



Total unearned premiums 506,485.75 

Salaries, rents, expenses, etc 3,157.62 

Return premiums 8, 417. 60 

Re-insurance 1, 276. 14 

Total liabilities, except cash capital and net surplus $ 699, 861. 11 

Cash capital 250,000.00 

Net surplus 205,361.52 

Total liabilities, including cash capital and net surplus $ 1, 155, 222. 63 



1903.] 



Document No. 10. 



349 



RISKS AND PREMIUMS. 

ACCIDENT. 

Risks. Premiums. 

In force at beginning of year 3 81,905,434.00 $ 508,387.08 

Written during year 139, 991, 250. no 828,436.35 



Total $ 221,896,684.00 $ 1,426,823.43 

Deduct those expired and marked off as cancelled 133,679,034.00 821,985.19 

Balance $ 88, 217, 650. on ? 604,838.24 

Deduct re-insured policies 2, 076,500. on 8,837.84 

Net amount in force at end of year $ 86, 141, 15n.no 8 596,000.40 



employers' liability. 

Risks. Premiums. 

In force at beginning of year $ 45,825,000.00 $ 325,475.52 

Written during year 51,322,000.00 486,050.00 



Total S 97,147,000.00 - 811,525.52 

Deduct those expired and marked off as cancelled 49,695,000.00 449,071.50 



Balance $ 47,452,000.00 8 362,454.02 

Deduct re-insured policies 230,000.00 881.71 



Net amount in force at end of year $ 47,222,000.00 $ 



361,572.31 



HEALTH. 

Risks. Premiums. 

In force at beginning of year $ 1,903,566.00 $ 36,241.90 

Written during year 4,749,720.00 71,309.87 



Total 8 6,653,286.00 $ 107,551.77 

Deduct those expired and marked off as cancelled 3,593,736.00 52,154.99 



Net amount in force at end of year $ 3, 059, 550. i in 



55,396.78 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 



Risks Premiums 

Written'. Received. 

Accident 3 918,950.00 $ 5,497.06 $ 

Health __ 40,260.00 807.88 



Losses 
Paid. 



Losses 
Incurred. 

1,704.65 $ 1,704.65 

383.76 383.76 



Aggregate. 



959,210.00 $ 



6,304.94 $ 



2,088.41 $ 



2,088.41 



350 Document No. 10. [Session 

UNITED STATES FIDELITY AND GUARANTY COMPANY 

OF MARYLAND. 

Located at Baltimore, Md. Incorporated 1896. Commenced Business 1896. 
John R. Bland, President. Gkorge R. Callis, Secretary. 



Cash capital, $1, 500, 000. 

Amount of net or ledger assets December 31, 1899 $ 1, 955, 586. 45 

INCOME. 

Fidelity and 
Burglary. Surety. 

Premiums collected during year S l,10fi, 060.00 $ 929,065.02 

Deduct re-insurance, abatement, rebate and return 

premiums 147,349.00 161, 803.21 

Net cash received for premiums 776, 808. 92 

Rents $ 4,306.34 

Interest on mortgage loans 15.00 

Interest on collateral loans 25,675.79 

Interest on bonds and dividends on stocks 30,638.64 

Interest on other debts due the company-— 1,462.20 

Total rents and interest 62,097.97 

Profit on sales or maturity of ledger assets J 8,622.32 

Income from all other sources 21,921.88 



30, 544. 20 



Total income $ 869,451.09 



Aggregate last balance and income $ 2, 825, 037. 54 

DISBURSEMENTS. 

Fidelity and 
Burglary. Surety. 

Gross amount paid for matured claims $ 25.00 $ 210,259.97 

Deduct re-insurance and salvage 2l.844.8S 

Total S 25.00 $ 188, 415. 09 



Net cash paid for losses 188,440.09 

Paid stockholders interest or dividends $ 75,000. on 

Commissions to agents 177,459.09 

Salaries and expenses of agents not on commission account 93,472.64 

Salaries of officers and home-office employees 68,246.82 

Inspections 6,612.81 

Taxes, licenses and fees 47,632.25 

Rents 10,372.78 

Furniture and fixtures, advertising, printing and stationery 44,582.09 

Legal expenses 21,861.25 

All other expenses 49,984.75 

Total miscellaneous expenses 595, 224. 48 

Total disbursements $ 783, 664. 57 



Balance I 2,041,372.97 



1903.] Document No. 10. 351. 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate f 138,467.04 

Loans* on mortgages 300. 00 

Loans on collaterals 700,789.00 

Book value of stocks and bonds 850,018.11 

Cash in company's office 9,030.96 

Cash in hank - 257,709.56 

All other items 76,332.71 



Total $ 2,123,547.38 

Deduct ledger liabilities— 

Cash deposited for security of risks written $ 82,174.41 

82, 1/4.41 



Total net ledger assets $ 2,041,372.97 

OTHER ASSETS. 

Total outstanding interest 16,445.36 

Market value of bonds and stocks over book value 25, 623. 64 

Gross premiums in course of collection — 

Unpaid 
Premums. Commissions. Net. 

Burglary 8 12,316.17 8 2,463.23 S 9,852.94 

Fidelity and Surety 203,628.65 40,725.73 162,902.92 



Net amount of outstanding premiums 172, 755. 86 

Total admitted assets $ 2,256, 197.83 

LIABILITIES. 

UNPAID LOSSES. 

Known or Esti- 
In Process of mated — Proofs Resisted by 
Adjustment. not Filed. Company. 

Fidelity and Surety 5 11,722.04 S ' 8,397.54 $ 1,050.86 



Aggregate unpaid claims $ 30,271.34 

UNEARNED PREMIUMS. 
On risks running one year or less — 

Gross Unearned 

Premiums. (50 per cent ). 

Burglary $ 21,864.45 $ 10,932.23 

Fidelity and Surety 900,852.73 450,426.37 

Total unearned premiums 461, 358. 60 

Total liabilities, except cash capital and net surplus $ 491, 629. 94 

Cash capital * 1,500,000.00 

Net surplus 264,567.89 

Total liabilities, including cash capital and net surplus $ 2, 256, 197. 83 

RISKS AND PREMIUMS. 

BURGLARY. 

Risks. Premiums. 

Written during year $ 2,591,597.96 S 23,376.77 

Total $ 2,591,597.96 3 23,376.77 

Deduct those expired and marked off as cancelled 197,950.00 1,492.32 

Balance $ 2,393,647.96 $ 21,884.45 

Deduct re-insured policies 5,000.00 20.00 

Net amount in force at end of year _8 2,388,647.96 $ 21,864.45 



352 Document No. 10. [Session 

FIDELITY AND SURETY. 

Risks. Premiums. 

In force at beginning of year $ 180, 136, 534. (i7 $ 625,776.43 

Written during year 232,374,942.31 961,084.96 

Total $ 412,511,476.98 $ 1,586,861.39 

Deduct those expired and marked off as cancelled 158,552,268.34 686,008.66 

Net amount in force at end of year $ 253,959,208.64 $ 900,852.73 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Fidelity and Surety risks wiitten $ 2,184,249.48 

Premiums received 10,626.52 

Losses paid 720.62 

Losses incurred 3,557.06 



FRATERNAL ORDERS. 



ABSTRACTS FROM ANNUAL STATEMENTS FILED IN THIS DEPART- 
MENT, SHOWING THEIR TRANSACTIONS FOR THE 
YEAR OF 1900 AND THEIR CONDITION ON 
THE 31ST DAY OF DECEMBER, 1900. 



>3 



AMERICAN GUILD. 

Home Office, Richmond, Va. Incorporated 1S90. Commenced Business 1S90. 

Charles T. O'Ferrall, Supreme Governor. S. Galeski, Supreme Secretary. 



Amount of net or ledger assets December 31, 1S99 $ 135, 731. 35 

INCOME. 

Regular monthly assessments $ 114,908.29 

Total paid by members 114,908.29 

Interest — 8 890.48 

Rent 128.43 

Dividends 933.37 

Discounts 26,750.00 

Sundries 1,106.17 

Sick benefits 2,261.25 

32, 069. 70 



Total cash income $ 146, 977. 99 

Aggregate last balance and income $ 282,709. 34 



^ea 



DISBURSEMENTS. 

Paid for death claims S 48,400.00 

Paid for permanent disability 2,794.65 

Paid for temporary disability 3,76s. 19 

Payments returned to applicants or members 37,062.51 

Total paid to applicants or members 92, 025. 35 

Commissions to agents $ 17,502.80 

Salaries of officers 7,157.28 

Salaries and other compensation of office employees 3,175.60 

Rents 812.50 

Taxes 103. 67 

Advertising and printing 2,641.18 

Postage, express and telegraph 1,244.03 

Legal expenses 448.00 

Governing bodies 308.20 

Official publication 512.50 

insurance departments 350.99 

Miscellaneous 12,296.71 

Total expenses 46,553.46 

Total disbursements $ 138, 57S. 81 

Balance * 144,130.53 



356 Document No. 10. [Session 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate f 6,133.60 

Loans on mortgages 6,592.02 

Loans on bonds, stocks or other collateral 15,392.75 

Book value of bonds and stocks 82,297.02 

Cash in bank 26,512.64 

Sick benefit accounts 7,202.50 

Total $ 144,130.53 

Deduct borrowed money 41,750.00 

Total net or ledger assets $ 102, 3S0. 53 

NON-LEDGER ASSETS. 

Assessments actually collected by subordinate bodies 9, 693. 65 

Total admitted assets $> 112,074. 18 

Balance on hand to protect contracts, in addition to the right of as- 
sessment, comprised under the following funds — 
Mortuary $ 41,202.72 

Reserve ^ 

„ I 60,936.01 

Emergency ( 

Expense 241.80 

Total special funds 102,380.53 

EXHIBIT OF CERTIFICATES OR POLICIES. 

TOTAL BUSINESS OP THE YEAR. 

Number. Amount. 

In force at beginning of year 4,156 f 5,151,000.00 

Written during year 1,831 1,936,500.00 

Total 5,987 S 7,087,500.00 

Terminated during year 1,353 1,492,000.00 

In force at end of year 4,634 $ 5,595,500.00 

Losses and claims incurred during year 40 $ 51,000.00 

Losses settled during year 40 51,000.00 

Assessments collected during year $ 114,908.29 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Number. Amount. 

In force at beginning of year 140 $ 264,000.00 

Written during year 23 23,500.00 

Total 163 $ 287,500.00 

Terminated during year 27 34,500.00 

In force at end of year 136 $ 253,000.00 

Losses and claims incurred during year 3 5 4,000.00 

Losses settled during year 3 4,000.00 

Assessments collected during year $ 3,669.91 



1903.] Document No. 10. 357 

THE ANVIL. 

Located at Savannah, Ga. Incorporated 1899. Commenced Business 1900. 

D. B. Lester, President. J. Lawton Heirs, Acting Secretary. 



Amount advanced by Supreme Officers to defray expenses until 

association is organized $ 10, 000. 00 

INCOME. 

Dues for expenses $ 1,072.72 

Assessment* — mortuary and reserve 2,626.30 

Total cash income 3,699.02 

Sum of both amounts $ 13,699.02 

DISBURSEMENTS. 
Paid for death claims $ 2,000.00 

Total paid to members 2,000.00 

Commissions to agents $ 1,687.57 

Salaries of officers 800.00 

Salaries and other compensation of office employees 555.71 

Rent 360.00 

Advertising and printing 1,071.68 

Postage, express and telegraph 313.92 

Miscellaneous 521.26 

All other 469.28 

Total expenses 5, 779. 42 

Total disbursements $ 7, 779.42 



Balance $ 5,919.60 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Personal or agents' debit balances $ 324.38 

Bills receivable 4,200.00 

Cash in bank 1,044.83 

Total net or ledger assets $ 5, 919. 60 

Deduct assets not admitted — 

Furniture, fixtures, safes, supplies, etc $ 493.75 

Personal or agents' debit balances unsecured 324.38 

Total deductions 818. 13 



Total admitted assets $ 5,101.47 



EXHIBIT OF CERTIFICATES OR POLICIES. 

Number. Amount. 

Written during year 489 $ 928,500.00 

Terminated during year 107 291,500.00 

In force at end of year 382 $ 634,000.00 



Losses and claims incurred 2 $ 2,000.00 



358 



Document No. 10. 



[Session 



BANKERS UNION OF THE WORLD. 

Located at Omaha, Neb. Incorporated 1898. Commenced Business 1898. 

Thomas Ryan, Secretary. 



E. C. Spinney, President. 



Amount of net or ledger assets December 31, 1899 $ 

INCOME. 

Gross amount of certificate fees $ 188.35 

Assessments 62,236.85 

Amount of agents' debit balances 1899 received in 1900 596.32 

Medical examiners' fees 3,434.55 

Total paid by members 

From all other sources $ 15,310.51 

Total cash income $ 

Aggregate last balance and income $ 

DISBURSEMENTS. 

Paid for death claims $ 23,441.11 

Paid for temporary disability 3,629.43 

Paid for sick benefits 1,752.25 

Payments returned to applicants or members 79.32 

Total paid to members or applicants 

Commissions to agents $ 23,422.22 

Salaries of managers and agents not paid by commission 3,070.49 

Salaries of officers 523.33 

Salaries and other compensation of office employees 3,652.23 

Salaries or fees paid medical supervisors 1,710.81 

Rent 1,188.00 

Advertising and printing 4,286.54 

Postage, express and telegraph 1,896.34 

Legal expenses 130.70 

Official publication 2,799.37 

Insurance departments 605.55 

Miscellaneous 1,321.61 

Supplies 1,134.56 

All other items 6,595.87 

Total miscellaneous expenses — 

Total disbursements $ 

Balance $ 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Mortgage loans on real estate $ 2,500.00 

Personal or agents' debit balances 1,085.64 

Cash in office 2,104.54 

Cash in bank 2,783.10 

Total $ 8,473.28 

Deduct ledger liabilities 519.94 

Total net or ledger assets $ 



7, 426. 49 



66, 456. 07 
15, 310. 51 



81,766.58 



89, 193. 07 



28,902.11 



81,239.73 
7, 953. 34 



7, 953. 34 



1303.] 



Document No. 10. 



359 



NO N*- LEDGER ASSETS. 

Income, supplies, furniture and fixtures $ 1,897.25 

Advances to agents and others to be repaid 3,285.21 

Assessments actually collected by subordinate bodies 8,975.00 

Printing plant owned by association 2,325.00 

Total admitted assets $ 

LIABILITIES. 
Losses in process of adjustment or reported $ 3,584.00 

Total liabilities $ 

Balance $ 

EXHIBIT OF CERTIFICATES OR POLICIES. 

TOTAL BUSINESS OF THE YEAR. 

Number. 

In force at beginning of year 5,956 $ 

Written during year 13,097 

Total 19,053 $ 

Terminated during year 1,202 

In force at end of year 17,851 $ 

Losses and claims unpaid at beginning of year 1 $ 

Losses and claims incurred 279 

Total 280 « 

Losses and claims paid 264 

Unpaid at end of year 16 $ 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Number. 

In force at beginning of year 29 $ 

Written during year 176 

Total 205 $ 

Terminated during year 17 

In force at end of year 188 $ 



16, 482. 46 



24, 435. 80 



3, 584. 00 



20, 851. 80 



Amount. 
5,234,400.(10 
13,187,750.00 

18,422,150.00 
1,128, 400.00 

17,293,750.00 

950.00 
31,456.79 

32,406.79 
28,822.79 

3,584.00 



Amount. 
22,200.00 
213,900.00 

236,100.00 
14,300.00 

221,800.00 



360 Document No. 10. [Session 

FAMILY PROTECTIVE UNION. 

Home Office, Boston, Mass. Incorporated 1894. Commenced Business 1894. 
I. K. Mackenzie, President. E. E. Knight, Secretary. 



Amount of net or ledger assets December 31, 1899 $ 1, 542. 59 

INCOME 

WITHOUT DEDUCTIONS. 

Dues for expense , etc. $ 8,891.23 

Assessments — 

Mortuary 2,238.20 

Reserve 100.65 

Disability 1,381.55 

Total paid by members 12,611.63 

From all other sources ft 50.45 

50.45 



Total income during year $ 12,662.08 

Aggregate last balance and income $ 14, 204. 67 

DISBURSEMENTS. 

Paid for death claims ft 1,403.47 

Paid for temporary disability 1,271.25 

Payments returned to applicants or members 12.90 

Total paid to members or applicants 2, 687. 62 

Commissions to agents ft 1,878.39 

Salaries and traveling expenses of officers 2,993.48 

Salaries and other compensation of office employees 741.5(1 

Salaries or fees of medical supervisors 270.00 

Rent 519.52 

Advertising, supplies and printing 591.34 

Postage, express and telegraph 451.95 

Legal expenses and inspections 209.15 

Governing bodies 339.35 

Official publication 100.00 

Insurance departments 130.35 

Miscellaneous 882.07 

All ot.her 2,113.47 

Total miscellaneous expenses 9, 107. 70 

Total disbursements $ 11,795.32 



Balance 1 2,409.35 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Cash in office ? 657.00 

Cash in bank 1,752.35 

Total assets $ 2,409.35 



1903.] 



Document No. 10. 



361 



LIABILITIES. 

Losses in process' of adjustment $ 500.01 

Total liabilities I 500.01 

Balance on hand to protect contracts, in addition to the light of as- 
sessment, comprised under the following funds — 

Mortuary S 1,169.53 

Reserve 724.40 

Disability 267.00 

Expense 248.42 

Total special funds 2,409.35 

EXHIBIT OF CERTIFICATES OR POLICIES. 

TOTAL BUSINESS OF THE YEAR. 

Number. Amount. 

In force at beginning of year 1,399 ? 1,239,500.00 

Written during year 1,151 833,500.00 

Total 2,550 $ 2,073,000.00 

Terminated during year 1,113 928,000.00 

In force at end of year 1,437 $ 1,145,000.00 

Losses and claims unpaid at beginning of year 7 $ 2,000.25 

Losses and claims incurred 161 3,271.27 

Total lf>8 $ 5,271.52 

Losses and claims settled 161 2,674.72 

Losses and claims unpaid at end of year 3 $ 1,500.01 

Assessments collected during year 4 $ 3,720.40 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Number. Amount. 

In force at beginning of year 91 $ 91,000.00 

Written during year 01 58,500.00 

Total 152 $ 149,500.00 

Terminated during year 28 24,000.00 

In force at end of year 124 $ 125,500.00 

Losses and claims unpaid at beginning of year 1 $ 166.67 

Losses and claims incurred 27 205.00 

Total 28 $ 371.67 

Losses and claims settled 27 205.00 

Assessments collected during year 4 $ 490.55 



362 Document No. 10. • [Session 

THE FRATERNITIES' ACCIDENT ORDER. 

Home Office, Philadelphia, Pa. Incorporated 1895. Commenced Business 1895. 
D. E. Stevens, Grand Councilor. E. S. Cook, Secretary. 



Amount of net or ledger assets December 31, 1899 $ 11,082.81 

INCOME. 

WITHOUT DEDUCTIONS. 

Membership and certificate fees $ 105.75 

Assessments 43,381.57 

Medical examiners' fees 24.50 

Total paid by members 43,511.82 

Interest $ 196.20 

Sundries 22.20 

218. 46 



Total cash income $ 43,730.28 

Aggregate last balance and income $ 54, 813. 09 

DISBURSEMENTS. 

Paid for death claims __ $ 2,400.00 

Paid for temporary disability 13,112.09 

Payments returned to applicants or members 149.37 

Total paid to members or applicants 15,661.46 

Commissions to agents $ 5,610.15 

Salaries of managers and agents not paid by commission 5,360.25 

Salaries of officers 6,024.94 

Salaries and other compensation of office employees 2,263.23 

Medical examiners' fees 25.00 

Rent 810.00 

Advertising and printing 683.35 

Postage, express and telegraph 1, 068.87 

Insurance departments 205. 98 

All other 5,609.08 

Total miscellaneous expenses 26,386.00 

Total disbursements $ 42, 047. 46 

Balance $ 12,765.63 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Cash in office $ 922.77 

Cash in bank 11,842.86 

Total net or ledger assets $ 12, 76-5. 63 



1903.] Document No. 10. 363 

NON-LEDGER ASSETS. 
Furniture and regalia $ 842.31 

Total non-ledger assets $ 842. 13 

Gross assets $ 13,607.76 

Deduct assets not admitted $ 842.13 

842. 13 

Total admitted assets $ 12,765.63 

EXHIBIT OF CERTIFICATES OR POLICIES. 

TOTAL BUSINESS OF THE YEAR. 

Number. Amount. 

In force at beginning of year 5,355 $ 17,303,000.00 

Written during year 4,290 10,123,500.00 

Total 9,045 $ 27,426,500.00 

Terminated during year 2,934 8,185,500,00 

In force at end of year 6,711 $ 19,241,000.00 

Losses and claims incurred 303 $ 15,512.09 

Losses and claims settled 303 15,512.09 

Assessments collected during year 4 $ 43,381.57 

BUSINESS IN NORTH -CAROLINA DURING THE YEAR. 

Number. Amount. 

In force at end of year 24 $ 87,000.00 

Losses and claims incurred 1 $ 35.71 

Losses and claims settled 1 35.71 

Assessments collected during year 4 $ 194.10 



IMPROVED ORDER HEPTASOPHS. 

Home Office, Baltimore, Md. Incorporated 1878. Commenced Business 1878. 

M. G. Cohen, Supreme Archon. 

Samuel H. Tattersall, Supreme Secretary. 



Amount of net or ledger assets December 31, 1899 $ 44,079.92 

INCOME. 

WITHOUT DEDUCTIONS. 

Membership fees $ 57,225.55 

Assessments- 
Mortuary : 1,000,073.10 

Expense 74,917.44 

Medical examiners' fees paid by applicant 14,298.00 

Total paid by members 1, 146, 514. 15 



364 Document No. 10. [Session 

Interest $ 1,077.94 

Organizers 1,360.78 

Subordinate Conclaves, for supplies 1,154.81 

$ 3, 593. 53 

Total cash income $ 1, 150, 107. 68 

Aggregate last balance and income $ 1, 194, 187. 60 

DISBURSEMENTS. 

Paid lor death claims $ 995,011.44 

Payments returned to applicants or members 47,005.00 

Total paid to members or applicants 1,042,616.00 

Commissions to agents $ 13,189.86 

Salaries of managers and agents not paid by commission 15,944.92 

Salaries and traveling expenses of officers and district deputies 20,950.40 

Salaries and other compensation of office employees 4,913.80 

Medical examiners' and supervisors' salaries or fees 14,298.00 

Rent 1,591.75 

Taxes 8.40 

Advertising and printing 3,040.02 

Postage, express and telegraph 2,187.76 

Legal expenses 2,937.25 

Governing bodies 254.33 

Official publication 12,489.58 

Insurance departments 485.38 

All other 7,535.49 

Total miscellaneous expenses 99, 832. 94 

Total disbursements $ 1, 142,449.38 

Balance $ 51, 738. 22 

ASSETS. 

AS PER LEDGER ACCOUNTS. 
Cash in bank $ 51,738.22 

Total net or ledger assets $ 51, 738. 22 

NON-LEDGER ASSETS. 

Contingent funds in hands of Supreme Officers $ 2,650.00 

Due from subordinate Conclaves for supplies 130.85 

Assessments actually collected by subordinate bodies 76,373.28 

Total non- ledger assets 79, 154. 13 

Total admitted assets $ 130,892.35 

LIABILITIES. 

Lcsses adjusted, not due $ 19,000.00 

Losses in process of adjustment or reported 25,000.00 

Losses resisted 18,000.00 

Total liabilities $ 62,000.00 

Balance on hand to protect contracts, in addition to the right of as- 
sessment, comprised under the following funds — 

Mortuary _ $ 7,519.68 

Expense 46,999.39 

Total special funds 54,519.07 



1903.] Document No. 10. .-565 
EXHIBIT OF CERTIFICATES OR POLICIES. 

TOTAL BUSINESS OF THE YEAR. 

Number. Amount. 

In force at beginning of year 52,830 $ 89,384,000.00 

Written during year 9,401 13,195,000.00 



Total 62,231 $ 102,579,000.00 

Terminated during year 7,129 10,885,000.00 



In force at end of year 55, 102 $ 91, 694, 01 10. 00 



Losses and claims unpaid at beginning of year 19 $ 40,11(111.011 

Losses and claims incurred 601 1,039,000.00 



Total 620 $ 1,079, .00 

Losses and claims settled 591 1,017,000.00 



Losses and claims unpaid at end of year 29 $ 62, (ion. mi 



Ass< --ments collected during year 13 $ 1,000,073.16 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Number. Amount. 

In force at beginning of year 951 $ 1,808,000.00 

Written during year 172 314,000.00 



Total 1,123 

Terminated during year 139 



In force at end of year 984 



Losses and claims incurred 11 

Losses and claims settled 10 

Losses and claims unpaid at end of year 1 



Assessments collected during year 13 



$ 


2,122,000.00 

241,0(111.(111 


8 


1,881,0(1(1.110 


$ 


IS. (Kio.iio 
16,0011.(10 


8 


2,000.00 


8 


17,859.60 



KNIGHTS OF HONOR. 

Home Office, St. Louis, Mo. Incorporated 1884. Commenced Business 1873 
D. S. Biggs, President. Noah M. Giyan, Secretary. 



Amount of net or ledger assets December 31, 1899 $ 77,745.49 

Less balance of all ledger assets 15,370.83 

$ 62, 374. 66 

INCOME. 

WITHOUT DEDUCTIONS. 

Dues for expenses $ 103,123.18 

Mortuary assessments 3,442,662.10 

Total paid by members 3, 545, 785. 28 

Intere-t $ 4,869.53 

From all other sources 3,418.75 

8, 2SS. 28 

Total cash income $ 3, 554,073. 56 

Aggregate last balance and income $ 3, 616, 44S. 22 



366 Document No. 10. [Session 

DISBURSEMENTS. 

Paid for death claims $ 3,433,877.29 

Total paid to members or applicants $ 3, 433, 877. 29 

Commissions to agents $ 9,041.15 

Salaries of officers 10,30(1.00 

Traveling expenses of officers 1,505.76 

Salaries and other compensation of office employees 14,312.00 

Salaries or fees to medical supervisors 2,500.00 

Rent, taxes, advertising and printing 3,995.05 

Postage, express and telegraph 1,516.00 

Legal expenses 7,177.22 

Governing bodies 20,057.56 

Official publication 2,708.34 

Insurance departments 1,141.45 

Supreme Lodge session 14,187.80 

All other 3,934.87 

Total miscellaneous expenses 92, 377. 20 

Total disbursements $ 3, 526, 254. 49 

Balance $ 90,193.73 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Cash in office of'Supreme Secretary $ 1,257.02 

Cash in Mississippi Valley Trust Company 336.96 

Cash in bank 123,634.86 

On deposit as bond and tender of return of assessments in con- 
tested cases v - 40,257.21 

Total $ 165,486.65 

Deduct ledger liabilities- 
Outstanding warrants 75,292.32 

Total net or ledger assets $ 90, 193. 73 

NON-LEDGER ASSETS. 

Due from Grand Lodges $ 696.46 

Furniture, supplies, etc 10,806.00 

R. J. Breckenridge (judgment) 2,691.05 

Assessments actually collected by subordinate bodies 271,000.00 

Total non-ledger assets 285,193.51 

Total gross assets $ 375,387.24 

Deduct assets not admitted — 

Furniture, supplies, etc. $ 10,806.00 

R. J. Breckenridge (judgment) 2,691.05 

Total deductions 13,497.05 

Total admitted assets I 361, 890. 19 

LIABILITIES. 

Losses adjusted, due and unpaid $ 26,066.67 

Losses adjusted and not yet due 324,500.00 

Losses in process of adjustment or reported 180,000.00 

Losses resisted 51,000.00 

Total outstanding losses $ 581, 166. 67 






1903.] Document Xo. 10. 367 

Supplies, printing, etc * 61A49 

Total liabilities $ 5 82, 791. 16 

Balance * 220,900.97 

Comprised under the following funds- 
Mortuary * 28,142.95 

General 32,694.36 

Relief 139 - 53 

Appeal circular 331.75 

Supreme Secretary l,o93.9S 

Total special funds 62, 902. 57 

EXHIBIT OF CERTIFICATES OR POLICIES. 

TOTAL BUSINESS OF THE YEAR. 

Number. Amount. 

In force at beginning of year 66,S63 S 118,496,000.00 

Written during year 3,125 3,295,500.00 

Total _ 69,988 $121,764,500.00 

Terminated dwiiig^eaV '""--"-" 10 ' u5G 16,628,000.00 

In force at end of year _59,932 8 105,136,500.00 

Losses and claims unpaid at beginning of year 260 488,766.67 

Losses and claims incurred 1,784 3, 296, 27 1. 29 

Tota l 2,044 S 3,785,043.96 

Losses and claims settled 1 < S5i 3,433,877.29 

Losses and claims unpaid at end of year 19u $ 351,166.67 

Assessments collected during year $ 3, 442,662.10 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Number. Amount. 

In force at beginning of year i, 0155 8 1,962,000.00 

Written during year %_ 4,000.00 

Total- 1,068 3 1,966,000.00 

Terminated during year 167 312,000.00 

In force at end of year 901 _ $ 1,654, 500.00 

Losses and claims unpaid at beginning of year 7 14,000.00 

Losses and claims incurred 26 50,000.00 

Tota l 33 S 64,000.00 

Losses and claims settled 29 _ 56,000.00 

Losses and claims unpaid at end of year 4_ $ 8,000.00 

Assessments collected during year § 56,000.00 



368 Document No. 10. [Session 

KNIGHTS OF KADOSH. 

Home Office, Des Moines, Iowa. Incorporated 1898. Commenced Business 1S98. 
F. H. Pickrell, Chancellor. C. M. Chittenden, Recorder. 



INCOME. 

WITHOUT DEDUCTIONS. 



Membership fees 3 9.00 

Dues for expenses 6,494.83 

Mortuary assessments 1,807.12 

Total paid by members $ 8,370.95 

Income from all other sources 5, 405. 38 



Total income $ 13, 776. 33 

DISBURSEMENTS. 

Paid death claims 3 1,670.27 

Paid temporary disability 50.00 

Payments returned to applicants or members 5.65 

Total paid members or applicants 1,725.92 

Commissions to agents 3 3,485.02 

Salaries and other compensation of office employees 877.15 

Salaries or fees paid medical supervisors 320.80 

Rents, advertising and printing 1,104.34 

Postage, express and telegraph 412.59 

Official publication 257.57 

Insurance departments 56.35 

All other 724. 82 

Total miscellaneous expenses 

Total disbursements 

Balance 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Cash in office 3 • 3,049.59 

Cash in bank 1,762.18 

Total $ 4,811.77 

Deduct ledger liabilities — 

Agents' credit balances 3 4,000.00 

Borrowed money 350.00 

4, 350. 00 





7, 238. 04 


i 


8, 964. 56 


$ 


4,811.77 



Total net or ledger assets $ 461. 77 



1903.] Document No. 10. 369 

NON-LEDGER ASSETS. 

Assessments and dues actually collected by subordinate bodies $ 2,477.93 

Total non-ledger assets § 2, 477. 93 

Gross assets S 2, 939. 70 

Deduct assets not admitted — 

Excess of assets over liabilities 3 728.19 

728. 19 
Total admitted assets 1 2, 211. 51 

LIABILITIES. 

. Losses in process of adjustment or reported 8 1,623.07 

Advance assessments 126.67 

Total liabilities $ 1,749.74 

Balance $ 461.77 

Balance on hand to protect contracts, in addition to the right of as- 
sessment, comprised under the following funds — 

Mortuary 9 147.22 

Expense 314.55 

Total special funds 461. 77 

EXHIBIT OF CERTIFICATES OR POLICIES. 

TOTAL BUSINESS OF THE YEAR. 

Number. Amount. 

In force at beginning of year 341 8 510," 

Written during year 2,943 4,698,500.00 

Total 3,284 S 5,209,000.00 

Terminated during year 682 911, inn. no 

In force at end of year 2,602 3 4,297,500.00 

Losses and claims incurred 11 3 2,870.27 

Losses and claims settled 1,720.27 

Losses and claims unpaid at end of year 4 3 1,623.07 

\->essments collected during year 12 3 7,468.45 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Number. Amount. 

Written .luring year 209 $ 389,500.00 

Terminated during year 3 6,000.00 

In force at end of year 200 3 383, » 

Assessments collected during year 12 3 206. 11 



24 






370 Document No. 10. [Sessiou 

KNIGHTS AND LADIES OF HONOR, 

Home Office, Indianapolis, Ind. Incorporated 1878. Commenced Business 1877. 
L. B. Lockard, President, C. W. Harvey, Secretary. 



Amount of net or ledger assets December 31, 1899 $ 37, 549. 92 

INCOME. 

WITHOUT DEDUCTIONS. 

Dues for expenses $ 27,901.50 

Assessments — 

Mortuary 1,205,127.72 

Expense 72,440.09 

Total paid by members $ 1,305,469.31 

Interest 235.!)'.i 

Fines, etc 220.57 

Expenses refunded, supplies, etc 4,52S.07 

All other sources 911.01 

Total cash income 1, 371, 372. 15 

Aggregate last balance and income $ 1, 408, 922. 07 

DISBURSEMENTS. 

Paid death claims $ 1,207, 074. (in 

Payments returned to beneficiary of deceased member 211.20 

Total paid to members or applicants 1, 267, 885. 20 

Commissions to agents and lodges $ 58,707.00 

Salaries and expenses of managers not paid by commission 9, 539.01 

Salaries and commissions to Grand Lodge to be repaid 1,01". no 

Salaries and other compensation of officers and committees 10,902.16 

Salaries and other compensation of office employees 12,444.05 

Salaries paid Supreme medical supervisors 2,500. on 

Rent, taxes and advertising 2,717.68 

Postage 1,401.24 

Legal expenses 2,280.03 

i ifficial publication.- 8, 950. on 

Insurance departments 303.110 

Per capita tax refunded 103.50 

Supplies and office furniture 8,688.31 

All other items 4, 027.98 

Total miscellaneous expenses 123, 634. 56 

Total disbursements $ 1,391,519.76 

Balance $ 17, 402. 31 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 3,834.00 

Book value of office furniture 2,000.03 

Grand Lodge and agents' debit balances 1,804.29 

Bills receivable 1,450.00 

Cash in bank 8,307.09 

Total net or ledger assets $ 17, 402. 31 



1903.] Document No. 10. 371 

Interest due 8 10.60 

Per capita tax due 1,100.00 

Assessments actually collected by subordinate bodies 109,800.00 

Total non-ledger assets 8 110,910.60 

Gross assets $ 128, 312. 91 

Deduct furniture and safes (not admitted) 2, 006. 93 

Total admitted assets $ 126, 305. 98 

LIABILITIES. 

Losses adjusted, not yet due S 20,000.00 

Losses in process of adjustment 23,451.00 

Losses resisted 5,500.00 

Losses reported but no proofs filed 62,000.00 

Expenses, taxes, bills, accounts, fees, etc., due and accrued 178.28 

Total liabilities 5 111, 129. 28 

Balance I 15,176.70 

Comprised under the following funds — 

Mortuary S 108,382.49 

Expense 17,923.49 

Total 8 126,305.98 

Less liabilities 111,129.28 

Total special funds 15, 176. 70 

EXHIBIT OF CERTIFICATES OR POLICIES. 

TOTAL BUSINESS OF THE YEAR. 

Number. Amount. 

In force at beginning of year 51,799 S 61,660,000.00 

Written during year 8,955 7,704,000.00 

Total OH, 754 $ 09,424,000.00 

Terminated during year 10,969 12,212,000.00 

In force at end of year 49,785 $ 57,212,000.00 

Losses and claims unpaid at beginning of year 165 S 221,250.00 

Losses and claims incurred during year.. 905 1,163,000.00 

Total 1,130 $ 1,384,250.00 

Losses and claims settled 1,042 1,273,299.00 

Losses and claims unpaid at end of year 88 $ 110,951.00 

Assessments collected during year 12 $ 1,265,127.72 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Number. Amount. 

In force at beginning of year 339 8 537,500.00 

Written during year 49 42,500.00 

Total 388 S 580,000.00 

Terminated during year 84 102,000.00 

In force at end of year 304 $ 478,000.00 

Losses and claims unpaid at beginning of year 1 I l.nuo.00 

Losses and claims incurred 9 17,000.00 

Total 1" 8 18,0oo.uo 

Losses and claims settled 10 18, 000. on 

Assessments collected during year 12 - 15,227.98 



372 Document No. 10. [Session 

KNIGHTS OF THE MYSTIC CHAIN. 

Home Office, Lynchburg, Va. Incorporated 1896. Commenced Business 1899. 
James L. Martin, Acting President. Thomas J. Ingram, Secretary. 



Amount of net or ledger assets December 31, 1899 $ 356. 07 

INCOME. 

WITHOUT DEDUCTIONS. 

Membership fees § 1,917.00 

Dues for expenses 187.52 

Dues for accident fund 855.20 

Total paid by members 2,989.72 

Interest § 8.50 

Paraphernalia 749.85 

75S. 35 



Total cash income 1 3, 748.07 

Aggregate last balance and income $ 4, 104. 14 

DISBURSEMENTS. 

Paid death claims $ 200.00 

Paid temporary disability 24.<>o 

Total paid to applicants or members 224. 00 

Salaries and other compensation of officers $ 1,052.00 

Salaries and other compensation of office employees 110. oo 

Advertising and printing G27.32 

Postage, express and telegraph 49.75 

Insurance departments 46.60 

All other . 1,437.98 

Total miscellaneous expenses 3, 323. 65 

Total disbursements $ 3,547.65 

Balance § 556.49 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Personal or agents' debit balances $ 455.35 

Cash in bank 703.45 

Total $ 1,158.80 

Deduct borrowed money 602.31 

Total net or ledger assets $ 556.49 J 

NON-LEDGER ASSETS. 

Estimated dues collected by subordinate bodies 400. 00 

Total admitted assets $ 956. 49 



1903.] Document No. 10. 373 

LIABILITIES. 

Balance on hand to protect contracts, in addition to the right of as- 
sessment, comprised under the following funds — 

Mortuary 8 495.05 

Expense 208.40 

Total special funds $ 703. 45 

(Note. — No accident or life insurance policies reported in force. All members are now practi- 
cally social). 



KNIGHTS OF PYTHIAS (ENDOWMENT RANK). 

Home Office, Chicago, 111. Re-incorporated 1894. Commenced Business 1877. 
C. F. S. Neal, President. Charles H. Kessler, Secretary. 



Amount of net or ledger assets December 31, 1899 $ 488, 457. 69 

INCOME. 

WITHOUT DEDUCTIONS. 

Gross amount of membership fees $ 15,218.50 

Assessments for expenses 70,027.40 

Dues for expenses, per capita tax, etc 68,844.41 

Assessments— mortuary 1,339,581.03 

Certificate, card and other fees 3,805.07 

Total paid by members 1,497,476.41 

Interest $ 6,969.25 

Rent 21,875.00 

All other 1,000.00 

29, 844. 25 

Total income during year $ 1, 527, 320. 66 

Aggregate last balance and income $ 2, 015, 778. 35 

DISBURSEMENTS. 

Paid for death claims 5 1,334,091.36 

Membership fees retained by subordinate branches 15,218.50 

Payments returned to applicants or members 6,907.39 

Total paid to members or applicants 1, 356, 217. 25 

Commissions to agents $ 53,215.00 

Salaries of officers 6,050.00 

Salarie and other compensation of office employees 12,325.00 

Medical examiners' and supervisors' fees 31,158.75 

Rent 3,320.04 

Advertising and printing 6,189. 17 

Postage, express and telegraph 4,251.87 



374 Document No. 10. [Session 

Legal expenses $ 8,527.13 

Governing bodies 1,233.80 

Official publications 1,238.75 

Insurance departments 361.00 

All other 27,451.15 

Total miscellaneous expenses $ 139, 709. 93 

Total disbursements : § 1, 495, 927. 18 

Balance $ 519,851. 17 

Amount charged off of books December 31, 1900 7,000.00 

Net balance $ 512,851. 17 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate 5 38,104.14 

Mortgage loans on real estate, first liens 36,737.77 

Loans on stocks, bonds or other collateral 2,521.72 

Book value of bonds and stocks 24,800.00 

Cash in bank 42,974.80 

Balance due on claim City National Bank, Fort Worth, Texas 91,539.03 

Lexington Hotel investment 231,133.71 

Lexington Company furniture investment 44, 950.00 

Total net or ledger assets $ 512,851. 17 

NOX-LEDGER ASSETS. 

Interest due and accrued S 3,737.32 

Value of Lexington Hotel investment over cost 37,568.07 

Market value of real estate over book value 11,895.86 

Value of Lexington Company furniture investment over cost 5S,550.00 

Market value of bonds and stocks over book value 1,200.00 

Office furniture, safes, supplies, etc. 4,000.00 

Assessments actually collected by subordinate bodies 19, 166.70 

Total non-ledger assets 136, 117. 95 

Gross assets 6 648,969. 12 

Deduct furniture, fixtures, safes, etc $ 4,000.00 

4, 000. 00 

Total admitted assets s 644,969. 12 

LIABILITIES. 

Losses in process of adjustment or reported $ 395,350.74 

Losses resisted 23,810.40 

Total liabilities $ 419, 161. 14 

Balance $ 225,807.98 

Balance on hand to protect contracts, in addition to the right of as- 
sessment, comprised under the following funds — 

Mortuary 3 194,194.86 

Expense 31,613.12 

Total special funds 225,807.98 



1903.] Document No. 10. 375 

EXHIBIT OF CERTIFICATES OR POLICIES. 

TOTAL BUSINESS OF THE YEAR. 

Number. Amount. 

In force at end of year 60,522 $ 108,389,500.00 

Written during year 11,324 16,051,000.00 



Total 71,816 $ 124,440,500.00 

Terminated during year 5,285 S, 077,000. 00 

In force at end of year 66,561 $ 116,363,500.00 



Losses and claims unpaid at beginning of year 158 $ 331,634.38 

Losses and claims incurred 728 1,491,000.00 



Total 886 $ 1,822,631.38 

Losses and claims settled 659 1,403,473.24 

Losses and claims unpaid at end of year 227 $ 419,161.14 



Assessments collected during year 12 $ 1,478,452.84 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Number. Amount. 

In force at beginning of year 1,254 $ 2,442,000.00 

Written during year 118 170,000. 00 



Total 1,372 S 2,012,000.00 

Terminated during year 110 175,000.00 



In force at end of year 1,262 $ 2,437,000.00 



Losses and claims unpaid at beginning of year 4 $ 11,000.00 

Losses and claims incurred 11 21, 000. 00 



Total 15 $ 35,000.00 

Losses and claims settled 11 26,000.00 

Losses and claims unpaid at end of year 4 $ 9,000.00 



Assessments collected during year 12 $ 27,959.30 



KNIGHTS TEMPLAR AND MASONS LIFE INDEMNITY 

COMPANY. 

Home Office, Chicago, 111. Re-incorporated 1900. Commenced Business 1884. 
George M. Moulton, President. H. G. Wray, General Manager. 



Amount of net or ledger assets December 31, 1899 $ 400,415.92 

INCOME. 

WITHOUT DEDUCTIONS. 

Membership fees $ 5,826.75 

Dues for expenses ls,iyo.75 

Assessments — 

Mortuary . 311,781.17 

Expense 103,925.27 

Total paid by members 8 439,723.94 

Interest 19,757.43 

All other 2,222.68 

Total cash income 461, 704. 05 

Aggregate last balance and income $ 802, 119. 97 



376 Document No. 10. [Session 

DISBURSEMENTS. 

Paid death claims S 310,592.70 

Paid permanent disability claims 4,002.80 

Paid all other claims 14,876.21 

Total paid to members or applicants $ 335, 847. 79 

Commissions to agents 15,815.62 

Salaries of officers 6,500.00 

Salaries and other compensation of office employees 9,604.41 

Medical examiners' fees 1, 70S. 17 

Rent 4,380.00 

Advertising and printing 4,161.22 

Postage, express and telegraph 3,089.45 

Legal expenses 3,838.55 

Insurance departments 957.27 

Collections 4,897.44 

Furniture 1 ,451.49 

Traveling expenses 10,456.23 

All other 359.66 

Total miscellaneous expenses 67, 309. 51 

Total disbursements $ 403,157.30 

Balance $ 458,962.67 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of bonds and stocks $ 450,974. no 

Receiver's certificates 12,203.01 

Cash in office 2,097.69 

Cash in bank 25,50S.77 

Total 8 490,784.37 

Deduct ledger liabilities 31,821.70 

Total net or ledger assets $ 458,962.67 

* 

NON-LEDGER ASSETS. 

Market value of bonds and stocks over book value $ 16,372.60 

Total non-ledger assets 16,372.60 



Total admitted assets $ 475,335.27 



LIABILITIES. 

Losses adjusted, not yet due $ 23,000.00 

Losses in process of adjustment or reported 51,607.26 

Losses resisted 14,939.45 

Total liabilities $ 89,546.71 

Balance i $ 385, 788. 56 

Balance on hand to protect contracts, in addition to the right of as- 
sessment, comprised under the following fund — 
Contingent $ 385,788.56 

Total special funds 385,788.56 



1303.] Document No. 10. 377 

EXHIBIT OF CERTIFICATES OR POLICIES. 

TOTAL BUSINESS OF THE YEAR. 

Number. Amount. 

In force at beginning of year 6,603 8 20,103,250.00 

Written during year 727 1,703,500.00 

Total 7,330 8 21,806,750.00 

Terminated during year 1,096 3,408,500.00 

In force at eud of year 6,234 8 18,398,250.00 

Losses and claims at beginning of year 12 8 3fi,930.68 

Losses and claims incurred 110 378,000.00 

Total 122 8 414,930.68 

Losses and claims settled 92 325,383.97 

Losses and claims unpaid at end of year 30 $ 89,546.71 

Assessments collected during year 8 415,706.44 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Number. Amount. 

In force at beginning of year 852 8 2,037,49S.00 

Written during year 25 37,000.00 

Total 877 8 2,074,498.00 

Terminated during year 79 180,000.00 

In force at end of year 798 8 1,894,498.00 

Losses aud claims incurred 7 8 19,000.00 

Losses and claims settled 3 8,000.00 

Looses and claims unpaid at end of year 4 8 11,000.00 



MASONIC MUTUAL RELIEF ASSOCIATION. 

Home Office, Washington, D. C. Incorporated 1869. Commenced Business 1869. 
H. L. Biscoe, President. Wm. Montgomery, .Secretary. 



Amount of net or ledger assets December 31, 1899 $ 12, 333. 73 

INCOME. 

WITHOUT deductions. 
Assessments— mortuary 8 31,811.43 

Total paid by members 31,811.43 

Kent g 770.IHI 

Loans 2,757.79 

All other 194.27 

:;. 722. 06 

Total cash income $ 35,533.49 

Aggregate last balance and income $ 47, 867. 22 



378 Document No. 10. [Session 

DISBURSEMENTS. 

Paid death claims $ 20,302.50 

Payments returned to applicants or members 10.55 



Total paid to members or applicants $ 26, 313. 05 

Commissions to agents f 1,308.81 

Salaries of officers 1, 325.00 

Salaries and other compensation of office employees 660.00 

Medical examiners 580.00 

Taxes 67.11 

Advertising and printing 395.01 

Postage, express and telegraph 443.01 

Legal expenses 40.95 

Insurance departments 159.07 

All other items 3,843.70 



Total miscellaneous expenses 

Total disbursements 

Balance 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate, incumbered $ 20,000.00 

Personal or agents' debit balances 56.47 

Bills receivable 1,500.00 

Cash in office 73.48 

Cash in bank 1,751.70 

Office furniture 350.00 





8, 822. 4(5 


$ 


35, 135. 51 


9 


12,731.71 



Total $ 23, 731. 71 

Deduct ledger liabilities — 

Borrowed money $ 1,000.00 

Mortgages on property 10,000.00 

11,000.00 



Total net or ledger assets $ 12, 731. 71 

NOX-LEDGER ASSETS. 

Rents due 8 140.00 

Assessments actually called and in process of collection 4,500.00 

Total non-ledger assets 4,640.00 

Gross assets $ 17, 371. 71 

Deduct assets not admitted — 

Office furniture 8 350. no 



350. 00 



Total admitted assets $ 17,021.71 



LIABILITIES. 

Losses adjusted, not yet due $ 3,800.00 

Losses in process of adjustment or reported 4,547.50 

Advance assessments 150.20 

Total liabilities $ S. 497. 70 

Balance $ 8,524.01 



1903.] Document No. 10. 379 

EXHIBIT OF CERTIFICATES OR POLICIES. 

TOTAL BUSINESS OF THE YEAR. 

Number. Amount. 

In force at beginning of year 1,247 8 1,247,000.00 

Written during year 263 263,000.00 

Total 1,510 8 l,5U),(ii)0.no 

Terminated during year 156 156,000.00 

In force at end of year 1,354 $ 1,354, 000. no 

Losses and claims unpaid at beginning of year 11 8 10,650.00 

Losses and claims incurred 24 24,000.00 

Total 35 S 34,650.00 

Losses and claims settled 2(5 26,302.50 

Losses and claims unpaid at end of year 9 $ 8,347.50 

Assessments collected during year . 12 $ 31,811.43 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Number. Amount. 

In force at beginning of year 1 $ 1,000.00 

Written during year 8 8,000.00 

In force at end of year 9 g 9,000.00 

Regular payments 5 68.97 



NATIONAL UNION. 

Home Office, Toledo, Ohio. Incorporated 1881. Coroaienced Business 1881. 
William L. Wild, President. J. W. Myers, Secretary. 



Amount of net or ledger assets December 31, 1899 $ 222, 614. 14 

INCOME. 

WITHOUT DEDUCTIONS. 

Membership fees 8 9, 974. 07 

Dues for expenses 51,507.66 

Special dues 56,556.10 

Mortuary assessments 1,506,063.70 

Total paid by members 8 1,624,378.13 

Interest 2,406.20 

Advertising 250.51 

Total cash income 1,627,042.84 

Aggregate last balance and income S 1, 849, 656. 98 

DISBURSEMENTS. 
Paid death claims 8 1,502,150.00 

Total paid to members or applicants 1, 502, 150. 00 



380 Document No. 10. [Session 

Commissions to agents $ 59,193.52 

.Salaries of officers 13,950.00 

Salaries and other compensation of office employees 10,193.85 

Rent 1,932.00 

Taxes 16. 30 

Advertising and printing 7,196.85 

Postage, express and telegraph 2 313.42 

Legal expenses 2,487.92 

(roverning bodies 7,911.90 

Official publication 6,852.84 

Insurance departments 584.00 

All other 9,467.21 

Total miscellaneous expenses $ 122,099.81 

Total disbursements $ 1, 624, 249. 81 

Balance $ 225,407. 17 



ASSETS. 

AS PER LEDGER ACCOUNTS. 
Cash in bank ,5 225,407.17 

Total net or ledger assets $ 225,407. 17 

Assessments actually collected by subordinate bodies 152, 000. 00 

Total admitted assets $ 377,407. 17 

LIABILITIES. 

Losses in process of adjustment or reported $ 229,000.00 

Losses resisted 19,000.00 

Total liabilities $ 248,000.00 

Balance $ 129,407.17 

Balance on hand to protect contracts, in addition to the right of as- 
sessment, comprised under the following funds — 

Mortuary $ 110,716.05 

Expense 18,691.12 

Total special funds 129,407. 17 

EXHIBIT OF CERTIFICATES OR POLICIES. 

TOTAL BUSINESS OF THE YEAR. 

Number. Amount. 

In force at beginning of year 53,039 $ 138,977,000.00 

Written during year 9,847 15,306,000.00 

Total 62,886 $ 154,283,000.00 

Terminated during year 4,734 9,391,000.00 

In force at end of year 58,152 $ 144,892,000.00 

Losses and claims unpaid at beginning of year 56 $ 156,000.00 

Losses and claims incurred 550 1,598,000.00 

Total 606 $ 1,754,000.00 

Losses and claims settled 515 1,506,000.00 

Losses and claims unpaid at end of year 91 $ 248,000.00 

Assessments collected during year 10 $ 1,506,340.30 



1903.] Document No. 10. 381 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Iu force at beginning of year 

Written during year 

Total 

Terminated during year 

In force at end of year 

Losses and claims unpaid at beginning of year 

Losses and claims incurred 

Total 

Losses and claims settled 

Assessments collected during year 



Number. 
238 


? 


Amount. 
493,000.00 


353 


501,000. on 


591 

95 


8 


1,054,000.00 
126,000.01) 






496 


$ 


928,000.00 


1 

4 


3 


3,000.00 
13,000.00 


5 
5 


$ 


16,000.00 
16,000.00 


10 


,-? 


5,829.26 



ROYAL BENEFIT SOCIETY. 

Home Office, Washington, D. C. Incorporated 1S97. Commenced Business 1897. 
Dr. Charles W. Keyes, President. George Hardisty, Secretary. 



Amount of net or ledger assets December 31, 1899 $ 2, 241. 16 

INCOME. 

WITHOUT DEDUCTIONS. 

Dues for expenses S 23,282.62 

Mortuary assessments 11,184.16 

Medical examiners' fees 20.85 

Total paid by members S 34,487.63 

Taxes returned 9. on 

Total cash income 34, 496. 63 

Aggregate last balance and income * 36, 737. 79 

DISBURSEMENTS. 

Paid for death claims - 3,792.85 

Paid for temporary disability 6,955.55 

Payments returned to applicants or members 255.00 

Total paid to members or applicants 11, 003. 40 

Commissions to agents $ 12,914.47 

Salaries of managers and agents 248.00 

Salaries of officers 1,860.10 

Salaries and other compensation of office employees 1,533. SO 

Medical examiners and supervisors 1,908.15 

Rent, taxes, advertising and printing 1,724.36 

Postage, express and telegraph 668.28 

Legal expenses 252.23 

Insurance departments 159.00 

All other - 254.74 

Total miscellaneous expenses 21, 523. V.) 

Total disbursements $ 32, 526. 53 

Balance $ 4,211.26 



382 



Document No. 10. 



[Session 



ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of bonds and stocks 8 200.00 

Cash in office 350.15 

Cash in bank 1,623.61 

In hands of Assembly Treasurer 2,037.50 

Total admitted assets ' $ 

LIABILITIES. 

Losses in process of adjustment 8 550.00 

Losses resisted 250.00 

Total liabilities $ 

Balance $ 

Balance on hand to protect contracts, in addition to the right of as- 
sessment, comprised under the following fund — 
Expense 8 3,411.26 

Total special funds 

EXHIBIT OF CERTIFICATES OR POLICIES. 

TOTAL BUSINESS OF THE YEAR. 

Number. 

In force at beginning of year 2,815 

Written during year : 4,357 

Total 7,172 

Terminated during year 2,820 

In force at end of year 4,352 

Losses and claims unpaid, omitted in last year's report 8 

Losses and claims unpaid at beginning of year 1 

Losses and claims incurred 30 

Total 39 

Losses and claims settled 32 

Losses and claims unpaid at end of year 7 

Assessments collected during year 12 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Number. 

In force at beginning of year 688 $ 

Written during year 125 

Total 1,113 

Terminated during year 286 

In force at end of year 827 

Losses and claims unpaid at beginning of year 2 

Losses and claims incurred 1 1 

Total 13 

Losses and claims settled 8 

Losses and claims unpaid at end of year 5 

Assessments collected during year 12 



4, 211. 26 



800. 00 



3,411.26 



3,411.26 



Amount. 
714,040.00 
657,525.00 



8 


1,371,565.00 
557,490.00 


8 


814,075.00 


5 


1,200.00 

187.50 

4,005.35 


$ 


5,392. S5 
4,592.85 


8 


800.00 


8 


34,466.78 



Amount. 
161,425.00 

65,425.00 



8 


226,850.00 
57,150.00 


8 


169,700.00 


8 • 


250.00 
1,201.00 


8 


1,451.00 
826.00 


8 


625.00 


8 


8,541.82 



1903.] Document No. 10. 383 

SOVEREIGN CAMP WOODMEN OF THE WORLD. 

Located at Omaha, Neb. Incorporated 1891. Commenced Business 1891. 

Joseph C. Root, President. John T. Yates, Secretary. 



Amount of net or ledger assets December 31, 1S99 8 175, 788. 02 

INCOME. 

WITHOUT DEDUCTIONS. 

Membership fees , 8 17,718.12 

Dues for expenses, etc. 216,929.71 

'>--. -sments — 

Mortuary 1,708,080.26 

Reserve 32,007.82 

Bonds for local Camp officers 3,819.35 

Total paid by members 1, 978, 555. 26 

Interest S 4,430.00 

Rent 2,927.40 

Supplies 5,183.53 

Negotiated bonds 10,000.00 

Real estate aud building account 40,000.00 

Galveston relief fund 13,012. Id 

All other 544.49 

76, 097. 52 

Total cash income § 2, 054, 652. 78 

Aggregate last balance and income § 2, 230, 440. 80 

DISBURSEMENTS. 

Paid for death claims $ 1,000,338.05 

Paid for monuments 81,700.00 

Bonds for local Camp officers 5,439.50 

Payments returned to applicants or members 15,260.40 

Total paid to members or applicants 1, 702, 744. 55 

Commissions and salaries to deputies for organization $ 70,410.96 

Salaries and traveling expenses of officers 15,809.28 

Salaries and other compensation of office employees 30,998.85 

Medical examiners and supervisors 5,025.00 

Rent, supplies, advertising and printing 29,959.54 

Postage, express and telegraph 12,824.90 

Legal expenses 10,127.87 

Mileage 4,089.61 1 

Official publication 24,673.36 

Insurance departments 983.65 

All other items 35,400.07 

Total miscellaneous expenses 242,049.04 

Total disbursements $ 1,944,793.59 

Balance, less negotiated bonds S 275, 647. 21 



384 Document No. 10. [Session 

ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate .__$ 55,000.00 

Due from head Camps 1,157.55 

Due from Camps 9,227.19 

Book value of bonds and stocks 134,724.99 

Personal or deputies' debit balances 4,747.03 

Cash in hands of Sovereign Banker 56,593.10 

Total $ 281,100.17 

Deduct personal or deputies' credit balances 5,458.90 

Total net or ledger assets $ 275, 647. 21 

NON-LEDGER ASSETS. 

Assessments in hands of local Camps to re-instate suspended mem- 
bers and advances, estimated $ 50,000.00 

Sovereign Camp dues in hands of local Camps to re-instate suspended 

members and advances, estimated 10,000.00 

Assessments in hands of local Camps, including emergency, esti- 
mated 185,000.00 

Sovereign Camp dues in hands of local Camps, estimated 42,000.00 

Total non-ledger assets 287, 600. 00 

Grossassets $ 563, 247. 21 

Deduct furniture, fixtures, safes, supplies, etc 19,673.31 

Total admitted assets $ 543,570.90 

LIABILITIES 

Losses in process of adjustment, including monuments $ 167,350.00 

Losses reported, for which no proofs are filed, including monuments, 31,550.00 

Claims approved and ready for payment, including monuments 83,050.00 

On liquidated claims — 143 monuments 44,300.00 

Total liabilities $ 326, 250.00 

Balance § 217,320.90 

EXHIBIT OF CERTIFICATES OR POLICIES. 

TOTAL BUSINESS OF THE YTA.R. 

Number. Amount. 

In force at beginning of year 113,473 $ 199,067,300.00 

Written during year 38,671 52,972,100.00 

Total 152,144 s 252,039,400.00 

Terminated during year 22,307 32,208,200.00 

In force at end of year 129,837 $ 219, 831, 200. oo 

Losses and claims unpaid at beginning of year 238 3 445, 350. oo 

Losses and claims incurred 966 1,557,452.55 

Total 1,204 § 2,002,802.55 

Losses and claims settled 1,026 1,676,552.55 

Losses and claims unpaid at end of year 178 $ 326,250.00 

Assessments collected during year 14 $ 1,740,088.08 



1903.] Document No. 10. 385 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Number. Amount. 

In force at beginning of year 838 $ 1,662,300.00 

Written during year ]^_ 241,200.00 

Tota! 995 ? 1,903,500.00 

Terminated during year 83 119,800.00 

In force at end of year 912 $ 1,753,700.00 

Losses and claims unpaid at beginning of year 2 $ 6,400.00 

Losses and claims incurred G 10,600.00 

Tota l __ 8 $ 17,000.00 

Losses and claims settled _ 8 1 6, 400. no 

Losses and claims unpaid at end of year $ 600.00 

Assessments collected during year l* $ 13,995.32 



SUPREME COUNCIL OF THE ROYAL ARCANUM. 

Home Office, Boston, Mass. Incorporated 1877. Commenced Business 1877, 

W. Holt Apgar, Supreme Regent. 
W. O. Robson, Supreme Secretary. 



Amount of net or ledger assets December 31, 1899 $ 1, 573, 036. 76 

INCOME. 

WITHOUT DEDUCTIONS. 

Charges benefit certificate fees $ 2,758.00 

Dues for expenses 159,700.60 

Mortuary assessments 6,604,709.24 

Total paid by members $ 6,767,173.84 

Interest 49,897.70 

Allother 9,011-12 

Total cash income 6, 826, 982. 66 

Aggregate last balance and income $ 8,400, 019. 42 

DISBURSEMENTS. 

Paid for death claims 8 6,277,068.65 

Payments returned to applicants or members 6.50 

Total paid to members or applicants 6, 277, 075. 15 

Supplies, printing plant and office furniture $ 1,887.35 

Commissions to agents 13,040.24 

Salaries and other compensation of officers and committees 31,844.26 

Salaries and other compensation of office employees 34,516.42 

Taxes, advertising and printing 13,275.93 

Postage, express and telegraph 6,158.41 

Legal expenses 2,880.54 

25 



386 Document No. 10. [Session 

Assistance to Grand Council $ 2G,G53.25 

Official publication 2,001.64 

Insurance departments 722.00 

Official visits, mileage and per diem 16,087.51 

All other 12,406.29 

Total miscellaneous expenses $ 160, 186. 49 

Total disbursements $ 6,439,148.99 

Balance $ 1,960,870.43 



ASSETS. 

AS PER LEDGER ACCOUNTS. 

Book value of real estate $ 59,170.97 

Book value of bonds and stocks 1,322,574.97 

Cash in bank 576,624.49 

Cash in bank, contingent fund 2,500.00 

Total net or ledger assets $ 1,960,870.43 

NON-LEDGER ASSETS. 

Interest due and accrued $ 9,261.08 

Ledger balances, supplies, etc. 17,647.38 

Market value of bonds and stocks over book value 60,040.03 

Assessments actually collected for subordinate bodies 560,135.78 

Total non-ledger assets 647, 084. 27 

Gross assets $ 2,607,954.70 

Deduct assets not admitted — 

Furniture, fixtures, safes, supplies, etc I 6,541.59 

Agents' debit balances unsecured 1,137.20 

Bills receivable unsecured 1,887.21 

Printing plant and paper stock 8,081.38 

Depreciation of real estate 8,000.00 

' Total deductions 25, 647. 38 

Total admitted assets . $ 2,582,307.32 

LIABILITIES. 

Losses in process of adjustment or reported, Classes A and B $ 307,423.80 

Losses resisted 9,000.00 

Losses reported— Class C 438,500.00 

Ledger balances and accounts rendered after close of year 1,238.30 

All other items 19,000.00 

Total liabilities $ 775,162.10 

Balance $ 1,807,145.22 

Balance on hand to protect contracts, in addition to the right of as- 
sessment, comprised under the following funds — 

Mortuary $ 273,811.86 

Emergency 1,395,593.46 

Expense 137,739.90 

Total special funds 1, 807, 145. 22 



1903.] 



Document No. 10. 



387 



EXHIBIT OF CERTIFICATES OR POLICIES. 

total business op the year. 

Number. 

In force at beginning of year 193,868 

Written during year 24,080 

Total 217,9 i I 

Terminated during year 7,880 

In force at end of year 210,074 

Losses and claims unpaid at beginning of year 258 

Losses and claims incurred 2,229 

Total _ 2,482 

Losses and claims settled 2,213 

Losses and claims unpaid at end of year 269 

Assessments collected during year 12 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

NuMBEB. 

In force at beginning of year 1,808 

Written during year 236 

Total 2,(H4 

Terminated during year 92 

In force at end of year 1,952 

Losses and claims unpaid at beginning of year 4 

Losses and claims incurred 30 

Total 34 

Losses and claims settled :;:; 

Losses and claims unpaid at end of year 2 

Assessments collected during year 12 



Amount. 
- i39,920,500.00 

10, 777, r.ini. no 

8 680,698,000.00 
21,873,000.00 

$ 568,826,000.00 

8 733,750.00 
6,810,000.00 



8 7,043,760.00 
6,288,826.20 

754,923.80 

8 6,001,709.24 



Amount. 
$ 6,193,500.00 
470,000.00 

$ 5,663,600.00 
264,000*00 

S 5,399,600.00 

$ 12,(HIU.00 

90,000.00 

$ 102,000.00 

96,000.00 

$ 6,000.00 

$ 08, 140. 19 



SUPREME RULING OF THE FRATERNAL MYSTIC 

CIRCLE. 

Home Office, Philadelphia, Pa. Incorporated 1895. Commenced Business 1885. 
F. H. Duckwitz, Supreme Mystic Ruler. J. D. Myers, Supreme Recorder. 



Amount of net or ledger assets December 31, 1899 $ 

INCOME. 

WITHOUT DEDUCTIONS. 

Extension fund $ 12,411.01 

Per capita tax >._•-, 

Assessment--— 

Mortuary.. 17-. ,j 

Reserve 20,340.36 

Expenses 29, 1 17. 1 1 

Medical examiners' fees paid by applicants 1,604.28 

Total paid by members ( 242,300.28 



28.64 



388 Document No. 10. [Session 

Interest $ 1,886.75 

All other items 17,209.61 

Total cash income — ~« $ 261, 396. 64 

Aggregate last balance and income $ 329, 925. 28 

DISBURSEMENTS. 

Paid for death claims $ 188,442.69 

Paid for permanent disability claims 5,116.67 

Payments returned to applicants or members 30.96 

Total paid to members 193,590.32 

Commissions to agents $ 18,477.91 

Salaries of special supervisors 8,801.49 

Salaries and other compensation of officers 8,759.67 

Salaries and other compensation of office employees 4,188.26 

Salaries or fees to medical supervisors 1,911.00 

Rents, taxes, advertising and printing 4,622.89 

Postage, express and telegraph 1,269.87 

Legal expenses and adjustment 2,312.62 

Official publication 2,885.09 

Insurance departments 1,403.00 

Furniture 217.00 

Regalia 774.05 

Supplies 689.87 

Official bonds 816.95 

All other items 592.96 

Total miscellaneous expenses 57, 722. 63 

Total disbursements $ 251,312.95 

Balance $ 78, 612. 33 



ASSETS. 

AS PER LEDGER ACCOUNTS. 

Mortgage loans on real estate, first liens $ 50,800.00 

Bills receivable 400.00 

Cash in office 2,904.90 

Cash in bank 24,507.43 

Total net or ledger assets $ 78, 612. 33 

NON-LEDGER ASSETS. 

Interest dueand accrued $ 1,690.29 

Balance due from Deputies and Rulings 4,169.19 

Furniture, fixtures, supplies and regalia 3,864.24 

Assessments actually collected by subordinate bodies 43,068.32 

Due from beneficiaries on unpaid claims 3,282.10 

Total non-ledger assets 56,074.14 

Gross assets $ 134,686.47 

Deduct assets not admitted — 

Furniture, fixtures, safes and supplies $ 3,864.24 

Agents' debit balances, unsecured 4,169.19 

Total deductions-- 8,033.43 



Total admitted assets $ 126,653.04 



1903.] Document No. 10. 389 

LIABILITIES. 

Losses adjusted, due and unpaid S 3,000.00 

Losses in process of adjustment or reported 48,750.00 

Total liabilities $ 51, 750. 00 

Balance $ 74,903.04 

Balance on hand to protect contracts, in addition to the right of as- 
sessment, comprised under the following funds — 

Mortuary $ 6,476.13 

Reserve 71,946.67 

Expense 189.53 

Total special funds 78,612.33 

EXHIBIT OF CERTIFICATES OR POLICIES. 

TOTAL BUSINESS OF THE YEAR. 

Number. Amount. 

In force at beginning of year 12,309 $ 20,422,700.00 

Written during year 3,617 3,960,600.00 

Total 15,920 $ 24,383,300.00 

Terminated during year 2,623 3,070,416.67 

In force at end of year 13,303 8 21,312.883.33 

Losses and claims unpaid at beginning of year 18 $ 33,600.00 

Losses and claims incurred 140 210,150.00 

Total 158 $ 243,750.00 

Losses and claims settled 130 192,750.00 

Losses and claims unpaid at end of year 28 $ 51,000.00 

Assessments collected during year 12 $ 228,277.00 

BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Number. Amount. 

In force at beginning of year 320 §• 710,000.00 

Written during year 79 116,000.00 

Total 399 8 826,000.00 

Terminated during year 31 61,500.00 

In force at end of year 368 $ 764,500.00 

Losses and claims incurred 2 $ 6,000.00 

Losses and claims settled 1 3,000.00 

Losses and claims unpaid at end of year 1 $ 3,000.00 

Assessments collected during year 12 $ 7,475.86 



390 Document No. 10. [Session 

UNION INDEMNITY LEAGUE. 

Home Office, Richmond, Va. Incorporated 1898. Commenced Business 1898. 
Hill Montague, President. Charles L. Cooke, Secretary. 



Amount of net or ledger assets December 31, 1899 $ 723. 32 

INCOME. 

WITHOUT DEDUCTIONS. 

Assessments $ 6,803.50 

From all other sources 225.00 

Total cash income 7,028.50 

Aggregate last balance and income $ 7, 751. 82 

DISBURSEMENTS. 

Paid for claims $ 4,263.40 

Payments returned to applicants o'r members 19.85 

Total paid to members or applicants 4, 283. 25 

Commissions to agents $ 1,256.25 

Salaries of officers 1,080.00 

Medical examiners 34.75 

Rents, taxes, advertising and printing 255.93 

Postage, express and telegraph 140.05 

Legal expenses 16.78 

Total miscellaneous expenses 

Total disbursements 

Balance 

ASSETS. 

AS PER LEDC4ER ACCOUNTS. 

Agents' debit balances $ 103.70 

Bills receivable 65.00 

Cash in bank 290.62 

Office fixtures and lodge supplies 126.10 

Total admitted assets 1 585. 42 





2, 784. 50 


$ 


7, 067. 75 


$ 


694. 07 



EXHIBIT OF CERTIFICATES OR POLICIES. 

TOTAL BUSINESS OF THE YEAR. 

Number. Amount. 

In force at beginning of year 1,182 $ 

Written during year 1,658 



Total 2,S40 

Terminated during year 1,646 



In force at end of year 1,194 



Losses and claims incurred 402 $ 4,263.40 



Assessments collected during year $ 6,803.50 



1903.] Document No. 10. 391 



BUSINESS IN NORTH CAROLINA DURING THE YEAR. 

Number. Amount. 

In force at beginning of year 358 $ 

Written during year 757 

Total 1,115 S 

Terminated during year 615 



In force at end of year 500 8 

Losses and claims incurred 57 $ 730.65 



Assessments collected during year 8 1,283.50 



INDEX TO DETAILED STATEMENTS OF COMPANIES. 



(SEE beginning of volume for table of contents). 



LIFE INSURANCE COMPANIES. 

PAGE. 

iEtna Life Insurance Company 5 

Bankers Life Insurance Company 8 

Equitable Life Assurance Society 11 

Equity Life Association 13 

Fidelity Mutual Life Insurance Company 16 

Hartford Life Insurance Company 19 

Life Insurance Company of Virginia 22 

Maryland Life Insurance Company 25 

Michigan Mutual Life Insurance Company 28 

Mutual Life Insurance Company of Kentucky 30 

Mutual Life Insurance Company of New York 33 

New York Life Insurance Company 36 

Pacific Mutual Life Insurance Company 39 

Penu Mutual Life Insurance Company 42 

Phoenix Mutual Life Insurance Company __. 45 

Provident Savings Life Assurance Society 48 

Security Mutual Life Insurance Company 51 

Security Trust and Life Insurance Company 54 

South Atlantic Life Insurance Company 57 

State Mutual Life Insurance Company 59 

State Life Insurance Company of Indiana 62 

Sun Life Insurance Company of Canada 64 

Travelers Insurance Company 67 

Union Central Life Insurance Company 70 

Union Mutual Life Insurance Compau}' of Maine 74 

Washington Life Insurance Company 77 

FIRE AND FIRE AND MARINE INSURANCE COMPANIES OF 
NORTH CAROLINA. 

Carolina Insurance Company 103 

North Carolina Home Insurance Company 214 

Piedmont Insurance Company 239 

Southern Loan and Trust Company 267 

Southern Stock Mutual Insurance Company 268 

Underwriters of Greensboro Insurance Company 292 

Wilmington Underwriters Insurance Company 312 



394 Index. 

FIRE AND FIRE AND MARINE INSURANCE COMPANIES 
OF OTHER STATES. 

PAGE. 

iEtna Insurance Company 83 

American Fire Insurance Company of New York 86 

American Fire Insurance Company of Philadelphia 89 

Atlanta Home Insurance Company 92 

British American Insurance Company 98 

Citizens Insurance Company of New York 105 

Continental Insurance Company 114 

Equitable Fire Insurance Company of South Carolina - 117 

Equitable Fire and Marine Insurance Company 120 

Fire Association of Philadelphia 123 

Firemeus Insurance Company of Baltimore 126 

Fireman's Fund Insurance Company 129 

Georgia Home Insurance Company L 132 

German Alliance Insurance Company 135 

German-American Insurance Company — 136 

Globe and Rutgers Fire Insurance Company 140 

Greenwich Insurance Company 143 

Hanover Fire Insurance Company ' 149 

Hartford Fire Insurance Company 152 

Home Insurance Compauy of New York 158 

Insurance Company of North America 164 

Lafayette Fire Insurance Company 170 

Manhattan Fire Insurance Company 194 

National Fire Insurance Company 202 

New Hampshire Fire Insurance Company 205 

Niagara Fire Insurance Company 208 

Orient Insurance Company 222 

Pacific Fire Insurance Company 225 

Pennsylvania Fire Insurance Compauy 230 

Phenix Insurance Company of Brooklyn 233 

Phoenix Insurance Company of Hartford 236 

Queen Insurance Company 244 

Rochester German Insurance Compauy 247 

Saint Paul Fire and Marine Insurance Company 256 

Southern Iusurance Company 271 

Springfield Fire and Marine Insurance Company 274 

Sun Insurance Company 280 

Teutonia Insurance Company 286 

Traders Insurance Company ... 289 

United States Fire Insurance Company 294 

Virginia Fire and Marine Insurance Company 300 

Virginia S.tate Insurance Company 303 

Westchester Fire Insurance Company 306 

British America Assurance Company 95 

Caledonian Iusurance Company 100 



Index. 395 



FIRE AND FIRE AND MARINE INSURANCE COMPANIES 
OF FOREIGN COUNTRIES. 

PAGE. 

Cologne Re-insurance Company 108 

Commercial Union Assurance Company ill 

Hamburg-Bremen Fire Insurance Company 146 

Helvetia Swiss Fire Insurance Company 155 

Imperial Insurance Company 161 

Lancashire Iusurance Company 167 

Law Union and Crowu Insurance Compauy 173 

Lion Fire Insurance Company 176 

Liverpool and Loudon and Globe Insurance Compauy 179 

London Assurauce Corporation 182 

Londou and Lancashire Fire Insurance Compauy 185 

Magdeburg Fire Insurance Compauy 188 

Manchester Assurauce Compauy 191 

Moscow Fire Insurance Company 197 

Munich Re-insurance Compan3' 199 

North British and Mercantile Iusurance Company 211 

Northern Assurance Compauy _ 216 

Norwich Union Fire Insurance Society 219 

Palatine Insurance Company 228 

Prussian National Insurance Company 241 

Royal Insurance Company 250 

Royal Exchange Assurance Corporation 253 

Salamandra Insurance Company 259 

Scottish Union and Natioual Insurance Compan}' 262 

Skandia Insurance Company 265 

Sun Insurance Office 277 

Svea Fire and Life Insurance Company 283 

Union Assurance Society 1 297 

Western Assurance Company 309 

FIDELITY AND CASUALTY INSURANCE COMPANIES. 

^5jtna Life Insurance Company (Accident Department) 317 

American Bonding and Trust Company 319 

Americau Surety Company of New York 321 

City Trust, Safe Deposit and Surety Compauy 324 

Employers' Liability Assurance Corporation 326 

Fidelity and Casualty Compauy 329 

Fidelity and Deposit Compauy of Maryland 333 

Hartford Steam Boiler Inspectiou and Insurance Company 335 

Maryland Casualty Company 337 

National Surety Company 341 

New York Plate Glass Insurance Company 343 

Preferred Accident Iusurance Compauy 345 

Standard Life and Accident Insurance Compauy 347 

United States Fidelity and Guaranty Company 350 



396 Index. 



FRATERNAL ORDERS. 

PAGE. 

American Guild — 355 

Anvil 357 

Family Protective Union 360 

Fraternities Accident Order 362 

Improved Order Heptasophs 363 

Knights of Honor 365 

Knights of Kadosh 368 

Knights and Ladies of Honor 370 

Knights of the Mystic Chain _ 372 

Knights of Pythias (Endowment Rank) 373 

Knights Templar and Masons 375 

Masonic Mutual Relief Association 377 

National Union 379 

Royal Benefit Society 281 

Sovereign Camp Woodmen of the World 383 

Supreme Council of the Royal Arcanum .. 385 

Supreme Ruling Fraternal Mystic Circle 387 

Union Indemnity League 390 



ANNUAL REPORT 



OF THE 



INSURANCE COMMISSIONER 



OF THE 



STATE OF NORTH CAROLINA 



FOR THE YEAR ENDING APRIL I, 1902. 



JAMES R. YOUNG, Insurance Commissioner. 



RALEIGH : 

E. M. Uzzell, State Printer and Binder. 

1902. 



TABLE OF CONTENTS. 



PAGE. 

Commissioner's Report and Comments 3 — 12 

Statistical Tables — 

Fire and Fire and Marine Companies I — XIX 

Life Companies XXI — XXXI 

Fraternal Orders XXXIII— XXX IX 

Fidelity and Casualty Companies XLI — LI II 

Detailed Statements — 

Life Companies 3—1 1 1 

Fire and Fire and Marine Companies 113 — 349 

Fidelity and Casualty Companies 351 — 407 

Fraternal Orders . . . 409 — 456 

(SEE END OF VOLUME FOR INDEX). 



INSURANCE COMMISSIONER'S REPORT. 



State of North Carolina, 
Insurance Department, 
Raleigh, April 1, 1902. 

To His Excellency, Charles B. Aycock, 

Governor of North Carolina. 

Dear Sir : — In obedience to the statute of North Carolina, I 
have the honor to submit to Your Excellency the Annual Report of 
the Insurance Department for the year ending April 1, 1902. As 
directed by the law, I include herein the acts of the Commissioner 
and a statement of the condition of the insurance companies and 
other corporations reporting to the department, as shown by the 
sworn statements of their officers, for the year ending December 



31, 1901. 



THE DEPARTMENT. 



The act forming this department (Chapter 54, Public Laws of 
1S99) and the amendments thereto in the Laws of 1901 provide 
for the management of the department and place it in charge of 
the licensure and supervision of all companies or associations, 
orders and individuals doing the business of life, fire, accident, 
surety, health, burglary, title, guarantee and all other kinds of 
insurance, as well as of bond, investment, dividend, guarantee, 
registry, title guarantee, debenture and such like companies or asso- 
ciations (not strictly insurance companies). The. act provides that 
all such companies or associations as above named, whether domestic 
or foreign, must be licensed by this department before they can do 
business in this State. It also provides that after they are licensed 
this department has the supervision over them and their business in 
the State. It also provides that all licenses to companies and their 
agents must be issued by this department, and all licenses, taxes and 
fees imposed by the State upon them must be collected by it. The im- 



4 Document No. 10. [Session 

portance and value of this department can be readily seen by any 
one who will inquire into its powers and duties; and it is needless 
to say that they must increase year by year. The department is 
located in the Capitol building, where the Insurance Commissioner 
has his office, and the clerks of the department do their work. 
Before the formation of this department the taxes and licenses im- 
posed by the State were collected by the Secretary of State, but 
comparatively little was done in the way of keeping up with the 
companies or associations in the State and supervising the manner 
in which they did business. 

COMPANIES LICENSED IN 1901. 

The following companies were admitted to do business in the 
State under the general insurance law, where they had not been 
already admitted, and were licensed for the year ending April 



1, 1902 



LIFE COMPANIES. 



Aetna Life. North Carolina Mutual and Provident. 

Bankers Life Insurance Co. Northwestern Mutual. 

Breadwinners Mutual Benevolent. Pacific Mutual. 

Carolina Benevolent Association. Penn Mutual. 

Equitable Life Assurance Society. People's Benevolent and Relief. 

Equity Life Association. People's Mutual Benevolent. 

Fidelity Mutual. Phoenix Mutual. 

Gerrnania Life. Provident Savings. 

Hartford Life. Prudential of America. 

Home Life of New York. Security Life and Annuity. 

Life of Virginia. Security Mutual Life. 

Manhattan Life. N Security Trust and Life. 

Maryland. South Atlantic Life. 

Massachusetts Mutual Life. State Mutual. 

Michigan Mutual. State Mutual Life and Annuity. 

Mutual Benefit of Newark. State Life of Indiana. 

Mutual Life of Kentucky. Sun Life of Canada. 

Mutual Life of New York. Travelers. 

National Life of Vermont. Union Central. 

New York Life. Union Mutual Life of Maine. 

Washington Life, New York. 

FIRE AND FIRE AND MARINE COMPANIES. 

Aetna. Atlanta Home. 

American of Pennsylvania. British America. 

Assurance of America. British American. 



1903.] 



Document No. 10. 



Cabarrus Mutual. 

Caledonian. 

Citizens of Missouri. 

Citizens of New York. 

Carolina. 

Cologne Re-insurance. 

Commercial Union. 

Continental. 

Delaware. 

Equitable of South Carolina. 

Equitable Fire and Marine. 

Farmers Mutual Fire. 

Fire Association of Philadelphia. 

Firemens of Baltimore. 

Fireman's Fund. 

Georgia Home. 

German Alliance. 

German- American. 

Germania Fire. 

Glens Falls. 

Globe and Rutgers Fire Insurance Co. 

Greenwich. 

Hamburg-Bremen. 

Hanover Fire. 

Hartford Fire. 

Helvetia Swiss Fire. 

Home. 

Imperial. 

Indemnity Fire. 

Insurance Company of North America. 

Lafayette Fire. 

Law Unoin and Crown. 

Liverpool and London and Globe. 

London Assurance. 

London and Lancashire. 

Manchester. 

Moscow Fire. 

Munich Re-insurance. 

National Fire. 

National Standard. 

New Hampshire Fire. 



New York Underwriters Agency. 

Niagara. 

North British and Mercantile. 

North Carolina Home. 

Northern Assurance. 

Norwich Union. 

Orient. 

Palatine of London. 

Pamlico Insurance and Banking Co. 

Pennsylvania. 

Phenix of Brooklyn. 

Philadelphia Underwriters. 

Phoenix of London. 

Phoenix of Hartford. 

Piedmont. 

Prussian National. 

Queen. 

Rochester German. 

Royal. 

Royal Exchange Assurance. 

Saint Paul Fire and Marine. 

Salamandra. 

Scottish Union and National. 

Skandia. 

Southern Loan and Trust Co. 

Southern Stock Mutual. 

Southern. 

Springfield Fire and Marine. 

Sun Insurance Office. 

Sun. 

Svea Fire. 

Teutonia. 

Traders of Chicago. 

Underwriters of Greensboro. 

United States Fire. 

Union Assurance Society. 

Virginia Fire and Marine. 

Virginia State. 

Westchester. 

Western. 

Wilmington Underwriters. 



ACCIDENT AND SURETY COMPANIES. 



Aetna Life (Accident). 
American Bonding and Trust Co. 
American Credit-Indemnity. 
American Surety of New York. 
City Trust, Safe Deposit and Surety Co. 



Employers' Liability. 
Fidelity and Casualty. 
Fidelity and Deposit of Maryland. 
Hartford Steam-boiler. 
Maryland Casualty. 



6 



Document No. 10. 



[Session 



National Surety Co. 



New York Plate-glass Insurance Co. 
Preferred Accident. 
Standard Life and Accident. 



The Pennsylvania Casualty. 
Travelers ( Accident ) . 
Union Surety and Guaranty. 
United States Fidelity and Guaranty. 



FRATERNAL ORDERS. 



American Guild. 

Anvil. 

Ancient Order United Workmen. 

Bankers Union of the World. 

Endowment Rank Knights of Pythias. 

Family Protective Union. 

Famobrosis Society. 

Fraternities Accident Order. 

Grand Fraternity. 

Improved Order Heptasophs. 

Industrial Aid. 

Knights of Damon. 

Knights of Honor. 

Knights of Kadosh. 



Knights and Ladies of Honor. 

Knights of Harmony. 

Knights of Mystic Chain. 

Ladies of the Maccabees of the World. 

Masonic Mutual Relief. 

Modern Puritans. 

National Union. 

Ridgely Protective Association. 

Royal Arcanum. 

Royal Benefit Society. 

Savannah Benevolent and Aid. 

Sovereign Camp Woodmen of the World. 

Supreme Ruling Mystic Circle. 

Union Indemnity League. 



THE WORK OF THE YEAR. 

During the past year the work of the department has gone on 
smoothly and as much has been accomplished as could reasonably 
have been expected, considering that the department is not allowed 
but $1,000 for the employment of clerical aid. This is the same 
amount as was allowed to the Secretary of State for this special 
work when it was in his department, and is entirely inadequate 
for the present needs of the department, as will be more explicitly 
shown in another part of this report. 

The amendments to the law as passed by the Legislature of 
1901, upon the recommendation of the Commissioner, although 
adding considerably to the already heavy work of the department, 
have been of very great benefit to the State and the department in 
carrying out the objects for which the department was created. 
The insurance laws of the State, as now on the statute books, are 
looked upon as the best insurance laws of any Southern State, and 
with a few amendments will be admirably adapted for the wants 
and needs of our State. There are some respects in which these 
laws should be amended and added to, and these will be called to 
the attention of Your Excellency in the recommendations which 



1903.] Document No. 10. 7 

the Commissioner is required by law to transmit through you to 
the next Legislature that assembles in January, 1903. It is very 
gratifying for the Commissioner to be able to report that the work 
of the department during the past year has been successful, not 
only in the amount of licenses and taxes collected and paid into 
the Treasury, but in the supervision of all companies doing busi- 
ness in the State and the driving out of some companies and associ- 
ations attempting to do business here without licenses. 

LAWS PASSED BY THE LAST LEGISLATURE. 

Too much cannot be said in praise of the character of the legisla- 
tion affecting this department passed by the last Legislature. 
Every recommendation made by the Commissioner was acted upon, 
except the one asking for an increase in the amount allowed for 
clerical help and the one recommending that provision be made for 
the chartering of life companies in the office of the Honorable Sec- 
retary of State on approval of the charter by this department, as 
is now provided for fire and other insurance companies. Both of 
these will be again brought to the attention of the next General 
Assembly as not only necessary for the department, but best for 
the State and her citizens, if it is desired that this department shall 
be efficient and of increased value. With the increase of the 
amount of revenue passing through this department (from $82,000 
to over $132,000 in three years) and the increased work in looking 
after incendiary fires and companies and agents operating illegally 
in the State, that take the Commissioner away from his office so 
much of the time, it is highly important that he shall be allowed 
such a sum as will enable him to employ proper and sufficient help 
in the department. A better class of life companies can be or- 
ganized in the State by having them chartered by the Secretary of 
State, when approved by the Commissioner, than if charters are 
hastily passed by the Legislature, to say nothing as to the amount 
of work saved to the members of the Legislature and expense to 
the State. 

INSURANCE ON STATE PROPERTY. 

The last Legislature passed a law (Chapter 710, Public Laws 
1901) providing that every insurance policy on any State property 



8 Document No. 10. [Session 

should be submitted to the Insurance Commissioner and examined 
by him to see that it was in proper form, and making it a misde- 
meanor for the bill for the premium of any such policy to be paid 
until said examination was made and the bill approved by the 
Insurance Commissioner. The act did not make provision for any 
expenses incurred by the Commissioner in carrying out its provisions. 
The idea seemed to have been that the work mapped out for the Com- 
missioner was very little, and involved little time and no expense. 
This was a mistake. The Commissioner has at his own expense vis- 
ited and examined the different institutions of the State, made sue- 
gestions as to their protection from fire and gathered such informa- 
tion as would enable him intelligently to perform his duty under the 
act. Much time and labor has been devoted to the examination of 
policies and their corrections. The importance of this work is seen 
when it is known that seventy-five per cent, of the policies have been 
corrected in one way or another, correct forms have been prescribed, 
and unnecessary and injurious clauses have been eliminated from 
the policies. The investigations have shown that the property of the 
State is not evenly insured and that some regular and uniform 
method should be provided for the placing and looking after the 
insurance upon the property of the State. 

UNLICENSED COMPANIES. 



a 



The protection of the citizens of the State from unlicensed and 
wild-cat" companies is a hard problem and one to which the Com- 
missioner has given much time and thought. Some companies have 
been caught up with, and where they were safe and solvent, been 
compelled to take out license and pay the taxes, while others found 
unfit to do business in the State because of their lack of financial 
backing and the character of their officers, have been driven from the 
State. The work devolving upon the department along this line is 
laborious and necessarily slow, for it is not only hard to catch up 
with them, as the Commissioner is compelled, because of the lack of 
proper assistance, to stay rather closely in his office, and because it 
is necessary to educate the officers of the State to look out for these 
offenders and the citizens of the State to realize that there is no 
security in patronizing them. This is specially true of fire compa- 



1903.] Document No. 10. 9 

nies offering low rates and of life and accident companies or asso- 
ciations claiming to be benevolent or fraternal. The Commissioner 
from time to time publishes lists of unlicensed and "wild-cat" com- 
panies for the information of the citizens and officers of the State. 

INVESTIGATION OF FIRES. 

The investigation of supposed incendiary fires in the State has 
called for much work from the Commissioner and has been of great 
benefit to the State. It is beginning now to be thought in the State 
that it will not do to indulge in this form of law-breaking. Convic- 
tions are necessarily hard to get, but we do get them, and even when 
no convictions are obtained the investigation and prosecution are 
wholesome in their effects. There are some improvements that 
should be made in this law, while the laws against arson and burn- 
ings should be materially altered and amended. 

The idea of the law is to have every fire in the State reported to 
this department, and if there is any suggestion that the origin of the 
fire is suspicious, then to have the circumstances fully investigated, 
and if the examination justifies it to have the parties prosecuted. 
In all cities and towns these reports are required to be made by the 
Chief of Fire Department, and where none, by the Chief of 
Police, while outside of all cities and towns all fires must be re- 
ported by the sheriffs of the different counties. All preliminary 
investigations are required to be made by these officers, and the In- 
surance Commissioner, with these officers, must fully investigate the 
origin of all suspicious fires and hold such examinations and institute 
such prosecutions as he thinks the circumstances justify. 

It is also proposed to lessen the clanger of fires by providing for 
the examination of all premises and the removal therefrom of all 
combustible material or inflammable conditions. This part of the 
law is much neglected in our cities and towns, although a penalty 
is provided against the officers neglecting the same. 

The expenses of these investigations and prosecutions are provided 
for by a tax of one-tenth of one per cent, of the gross receipts of all 
fire insurance companies working in the State. There has been col- 
lected on this account for the past year $1,578.33 and paid out 
$1,016.12, as is shown by items on the books of the department. No 
part of the law is of more value to the State or her citizens. 



10 Document No. 10. [Session 

FRATERNAL ORDERS. 

The amendments passed by the last Legislature to the law gov- 
erning fraternal orders were intended to have these associations and 
methods of business more closely looked into and supervised, and its 
enforcement has shown that this is a movement in the right direction. 
Many of these orders are fraternal and benevolent in their aim and 
operation, while some of them use these names and terms only to 
cover the schemes and frauds that they practice upon the public. 
Many of these orders and small mutual or assessment companies — 
some of them writing life, accident and sick benefit insurance on the 
industrial plan — seem to have no regard for the interests of their 
patrons, and are a disgrace to the business and the State. The citi- 
zens of our State that are pilfered by them are a class that can ill 
afford the loss to them and their families, and should be protected, if 
possible. Much time and energy has been expended by the Commis- 
sioner during the past year in attempting to keep the people informed 
as to such companies and associations and to drive the unworthy ones 
from the State. It is a sad fact that many citizens of the State are 
careless as to the character of the companies or associations they 
patronize, so long as they claim to be fraternal and offer to sell cheap. 
Some insurance is not cheap at any price. 

DETAILED STATEMENTS. 

One of the duties imposed upon this department is to keep fully 
posted as to the character and financial condition of each company 
licensed by it to do business in the State. This is very important 
when it is remembered that many of the citizens of the State look to 
and largely depend upon this department, for their knowledge as to 
the safety of the companies with whom they invest. 

Before any company can be licensed by this department they must 
file with it a statement in detail of their business, assets, investments, 
and in fact everything necessary to show their real condition. These 
statements are also required to be filed at the end of each year, and 
those filed for the past year ending December 31, 1901, are given in 
this report, and may be examined by all with interest and profit. An 
abstract of these financial statements is published in some news- 
paper in the State and also field with the Clerk of the Superior 



1903.] Document No. 10. 11 

Court of each county. These reports are thus placed within reach 

of every one and can be examined by simply going to the office of the 

Clerk of the Court. 

STATISTICAL TABLES. 

Attention is called to the statistical tables of this report (pages 
i to liii). They contain information of special interest to those 
interested in the insurance business of the State. They show not 
only the total amount of business done in the State, with the assets, 
receipts, disbursements, etc., of all the companies, but also the same 
tilings as to the different classes, ' as well as to the individual com- 
panies. 

FINANCIAL. 

Under the law the Insurance Commissioner is required to collect 
from insurance and other companies, associations and orders under 
his department all licenses, fees and taxes imposed upon them in this 
State. During the past year the Commissioner has collected and 
paid monthly to the Hon. State Treasurer: 

For taxes on gross receipts $92,243.88 

For licenses for companies 29,057.65 

For fees , 3,929.00 

For licenses and subagents 6,803.50 

Total $132,034.03 

For publication of annual statements in news- 
papers $ 1,413.00 

For investigation of fires 1,578.33 

Total $ 2,991.33 

$135,025.36 
CONCLUSION. 

The insurance interests of the State have assumed sufficient magni- 
tude to warrant the Legislature in formulating such legislation as 
will regulate every kind of insurance and efficiently supervise every 
class of insurance companies and place this department upon such a 
basis as will enable it to best care for the interests in this line of the 
State and her people. 



12 Document No. 10. [Session 1903.] 

The department is now required to pass upon all applications of 
companies to enter the State — to license them and their agents — to 
supervise their work in the State — to answer all inquiries of the citi- 
zens of the State as to companies, their reliability and forms of con- 
tracts — to investigate all supposded incendiary fires and prosecute 
incendiaries — to examine all policies on State property and pass 
upon and approve of the bills for the same — to collect all licenses, 
taxes and fees, levied upon insurance companies, now amounting to 
over $130,000 per annum — to keep the accounts with about 175 diff- 
erent companies and issue over 7,000 licenses annually to companies 
and agents — to look up and prosecute all companies and agents oper- 
ating in the State without licenses. 

There is not only much work for the department under the law, 
but it is largely work of great responsibility. A great deal of this 
work must necessarily be done by the Commissioner himself, because 
it calls for technical knowledge and an exercise of discretion, such as 
is lodged in him by the law ; but the routine work of the department 
calls for such help and aid as can only be given him by necessary 
competent clerks. 

The business has gradually increased and will continue to do so 
each year. The receipts of the department in the last three years 
have increased over fifty per cent., while the increase in the benefits 
to the State and her citizens in the other work of the department 
has been much greater. The promptness and efficiency with which 
the work is done will add largely to its value and will increase rather 
than lessen the work. New' lines of work in the department suggest 
themselves to the Commissioner and he would be pleased to take 
them up so as to add to the value of the department to our State. 

Your obedient servant, 

James R. Young, 
Insurance Commissioner. 



STATISTICAL TABLES 

RELATING TO FIRE AND FIRE AND MARINE 
INSURANCE COMPANIES. 



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30,070.90 
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7,705.23 

28,110.47 
10,757.42 
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iEtna (Fire) 

American of Philadelphia _ _ 

Assurance of America M 

Atlanta Home 

British American— 
Citizens of Missouri 

Citizens of New York 

Colonial Fire _ _ _ 


Continental __ _ 

Equitable of South Carolina _ 

Equitable of Rhode Island 

Fire Association of Philadelphia 

Firemens of Baltimore _ __ 

Fireman's Fund 



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STATISTICAL TABLES 

RELATING TO LIFE INSURANCE 
COMPANIES. 



TABLE No. 

Showing the Character of the ASSETS of Life Insurance 

ending December 



Name of Company. 


Real Estate. 


Bond and 

Mortgage 
Loans. 


Collateral 
Loans. 


Premium 

Notes and 

Policy 

Claims. 


.ffitna Life 


$ 594,228.55 


S 23,828,752.84 
92,000.00 


$ 890,442.72 


$ 2,521,596.39 
25,538.97 


Bankers Life of New York 


Breadwinners Mutual and Benev. _ 








Carolina Benevolent 




- - . . . 






Equitable Life of New York 


38,293,092.11 

1,429,175.20 

3,235,644.62 

253,865.00 

1,794,790.40 

90,608.21 

4,670,882.11 

196,471.05 

388,635.07 

426,730.64 

2,933,387.nl 

400, US. 14 

27,542,442.44 

1,998,497.47 

15,978,200.00 


00,755,929.94 

229,884.05 

14,223,511.00 

285,400.00 

3,962,900.00 

584,251.04 

5,715,765.72 

179,927.13 

12,041,266.28 

5,507,311.20 

36,013,326.73 

1,016,931.92 

81,564,209.88 

7,591,922.67 

40,180,476.77 


28, 275, 351. S3 
16,004.29 




Fidelity Mutual 


312 856 50 


GermaniaLife 


1,475,611 35 


Hartford Life _ . ._ 


7,800.(10 

25,500.00 

56,280.20 

967,346.54 

135,932.00 

25,OOo75o 

6,769,45(1.00 

427,088.52 

21,957,067.23 

26,775.00 


5-> 431 92 


Home Life of New York. - _ 


1,140 646 98 


Life of Virginia _ . 


36 516 15 


Manhattan Life _ 


1 175 150 78 




19,122.44 
3,212 699 13 


Massachusetts Mutual 


Michigan Mutual- 


713 687 81 


Mutual Benefit of Newark 

Mutual Life of Kentucky 


11,212,167.39 
41 737 25 


Mutual Life of New York . 




National Life of Vermont __ 


2,992 934 39 


New York Life . ._ _„ . _ 


20,136,704.30 


North Carolina Mutual and Prov. _ 






Northwestern Mutual Life 


4,582,855.12 

498,308.83 

2,482,936.92 


72,608,412.80 

1,001,361.53 

18,383,151.24 


489,900.00 
4,180,340.12 


8 908 551 87 


Pacific Mutual 


223,917.55 
4 S39 169 57 


Penn Mutual __ 


People's Benevolent and Relief 




People's Mutual Benevolent Asso... 










Phoenix Mutual Life 


912,412.83 

974,200.00 

10,075,681.22 


7,722,586.01 

536,300.00 

11,163,737.93 




900,624.41 


Provident Savings _ 


5,000.00 
915,000.00 


1 470 81" 94 


Prudential of America 


728 189 34 


Security Life and Annuity 




Security Mutual Life -— 


9,966.45 
1,033,000.00 


303,400.00 

125,600.00 

6,377.50 

3,003,317.00 


19,758.72 

30i '.00 

73,250.00 

806,434.00 


118 305 90 


Security Trust and Life Ins. Co 

South Atlantic Life 


80,884.78 
5,334 18 


State Mutual of Massachusetts 

State Mutual Life and Annuity 


1,710,000.00 
446.37 


1,271,627.65 


State Life of Indiana 


660,692.21 
3,410,320.85 
6,532,038.62 
23,276,577.66 
1,234,096.65 
7,404,400.00 


1,000.00 
138,094.55 
757,059.90 


39,094.77 
912 137 35 


Sun Life of Canada 


1,105,060.38 
1,790,575.45 
292,590.97 
1,277,530.76 
6,157,658.93 


Travelers 


1,740,999.10 
3 863 030 08 


Union Central . 


Union Mutual Life of Maine 

Washington Life 


664,733.03 
250,000.00 


206,948.76 
1,176,477.08 




Totals 


141,229,993.25 


449,157,256.27 


67,781,898.05 


71,555,205.08 





(xxii) 



VII-ASSETS. 



Companies (licensed to do business in this State) for year 
31, 1901. 



Stocks and 
Bonds Owned. 



S 22,674,221.14 
669,506.25 



173,780, 

1 , 16 J . 

8,477, 

424, 

5,687, 

132 

3,687, 

1,539 

11,245, 

168 

18,462, 

997 

8,027, 

187,497, 



834.nu 
716.04 
312.85 
249.00 
864.40 
71:1.50 
508.75 
909.69 
499.00 
000.00 
689.53 
607.25 
'.is l. 21 
738.39 
037. 74 



58,202,778.61 
2,248,917.88 

16,395,029.23 



1,066,243.60 

. 182.01 

19,441,819.53 



406,193.50 

241,936.00 

10B,698.00 

11,787,680.00 

20, 825.1 in 



5,356,318.50 

20,1:11,958.62 

412,575.11 

5,235,997.21 

543,139.33 



784, 69ii, 711. si 



Cash in Office 
and Banks. 



7,719,311. 
61,076. 

36. 

186. 
20,305,308. 

113,037. 

OKI, 55". 

479,750. 

243,125. 

90,014. 

190,299. 

51,757. 

314,120. 

170,457. 

943,903. 

74,29:. 

16,658,142. 

784,585. 

20,382,479. 

203. 

3,553,346. 

108,369. 

518,011. 

89. 

Oil. 

411,267. 

412, 4S9. 

4,285,411. 

3,215. 

104,731. 

32,:i43. 

51,838. 

370,171. 

36,102. 

128,5(14. 

230,456. 

1,846,630. 

412,730. 

42,863. 

293,419. 



82,153,743.90 



Interest and 
Rents Due 

and 
Accrued. 



690,062.95 
1,184.27 



2,690, 
23, 

311, 
12, 
72, 
17, 

142, 

12, 
405, 

118, 

1,176, 

68, 

2,717, 

390, 

1,665, 



020.46 
393.99 
265.28 
323.69 
020. 70 
422.70 
751.74 
039.60 
584.2(5 
410.78 
937.72 
065.12 
673.05 
783.47 
438.88 



2,187,131.95 

53,387.20 
442,947.50 



Deferred and 

Unpaid. 

Premiums. 



691,074.68 
66,693.64 



All Other. 



6,372,772, 

327,921. 

51(5,378. 

1(17,(170. 

264,005. 
51,208, 

241,637. 
32,700. 

703,70((. 

134,557, 

873,953, 

49,014, 

4,335,45-,, 

518,388, 
4,903,049. 



iki 

93 

12 ! 

86 

69 

38 

70 

18 

24 

59 

20 

Is 

09 

34 

60 



180.78 


1*3,799.35 ! 



656.13 
14,000.00 

~~2~512~26" 
~~4"036.73 

"liOiiToi' 



1,901,680.53 

207,629.32 
1,263,567.23 



127,014.10 

26,222.02 
718.40 



154,151.63 

64,(172.09 

362,020.30 



12,240.73 

9,415.70 

685. fid 

227,007.14 

313.37 

9,034.01 

198,722.02 

287,034.35 

914,526.39 

75,523.44 

116,279.59 



14,529,533.65 



256,127.91 

517,372.00 

1,617,756.26 



120,856.93 

104,183.16 
5,610.00 
434,591.76 
17,119.17 
176,746.07 
361,501.63 
698,332.69 
441,499.78 
239,165.69 
259,05s. Ill 



74,754.98 

40,924.95 

16.66 

~48~73o791~ 



~~64~605 ~03~ 


49,412 


99 




16,921 


10 



Total. 



59,609,691.17 

915,999.14 

36.H5 

267.60 

330,473,308.84 

3,929, 78s. 44 

28,790,810.35 

3,146,328.97 

13,370,862.75 

1,060,330.90 

16,805,345.54 

2,170,860.09 

28,291,564.38 

7,272,697.26 

78,385,815.16 

3,078,920.25 

352,838,971.67 

22,384,263.37 

290,743,386.46 

203.45 

151,944,756.96 

4,958,806.36 

48,631,075.17 

808.34 

611.20 

14,423,413.50 

4,928,481.90 

48,630,571.33 

3,262.00 

1,155,453.23 

1,677,030.10 

249,794.93 

19,611,429.64 

130,471.39 

1,015,072.54 

11,768,025.56 

33,844,629.31 

29,013,535.59 

8,993,780.08 

16,200,433.03 



27,901,937.24 | 2,060,582.12 j 1,641,060,791.97 



(xxiii) 



TABLE No. VIII 

Showing the Character of the LIABILITIES of Life Insurance 

ending December 



Name of Company. 


Net Reserve. 


Present Value 
Matured En- 
dowment and 
Installment 
Policies. 


Losses and Claims. 


Adjusted and 
Unadjusted. 


Resisted. 


*i£tna Life 


$ 50,563,979.00 
568,596.00 


$ 70,971.00 
1,599.93 


$ 199,001.00 
16,000.00 


$ 23,679.00 
11,000.00 


Bankers Life of New York 


Breadwinners Mutual and Benev. 


Carolina Benevolent 










Equitable Life of New York 

Fidelity Mutual 

Germania Life ... _ 


256,007,493.00 

3,027,925.00 

24, 67 1 , 869. 00 

321,359.00 

11,818,946.00 

766,107.00 

14,847,400.00 

1,807,138.00 

25,399,432.00 

6,845,914.39 

70,589,337.00 

3,040,880.(111 

286,796,760.00 

19,588,667.14 

237,713,904.00 


1,082,566.77 
62,294.00 
15,572.00 


1,908,749.00 

114,590.00 

115,599.36 

357,996.00 

49,708.00 

5,220.00 

88,376.00 

9,931.90 

87,712.66 

8,885.48 

418,549.07 

9,648.14 

1,360,619.70 

45,327.19 

1,951,651.29 


96,800.00 

18,000.00 

8,255.44 

14 500 00 


Hartford Life _ 


Home Life of New York 


14,907.00 


33,000.00 


Life of Virginia .__ 


Manhattan Life . __ 


7,612.00 

3,705.15 

186,861.60 

13,598.94 
157,953.75 


35,000.00 

19,218.00 

3,000.00 


Maryland Life _ 


Massachusetts Mutual 


Michigan Mutual 


Mutual Benefit of Newark . 

Mutual Life of Kentucky _ 


23,000.00 


Mutual Life of New York . . 


361,906.44 

59,235.13 

262, 95 1.33 


52 609 00 


National Life of Vermont 


23 000 00 


New York Life 


114 4°2 00 


North Carolina Mutual and Prov 




Northwestern Mutual Life . 


119,410,207.00 

3,897,194.00 

40,854,151.00 


532,OS5.00 


415,877.96 

32,042.00 

209,080.54 


41 0(19 83 


♦Pacific Mutual . 


9 002.40 


Penn Mutual 


570,929.00 




People's Benevolent and Relief _ 




People's Mutual Benevolent . 










Phoenix Mutual Life 


13,547,257.00 

4,160,313.00 

41,012,766.00 

1,165.86 

324,195.00 

1,126,203.72 

22,673.00 

17,421,393.00 


188,777.00 

8,506.00 

64,929.07 


37,760.00 
112,684.00 
231,818.74 




Provident Savings. 


52 049 00 


Prudential of America 


25 360 44 


Security Life and Annuity. 




Security Mutual Life. 


44,048.35 
23,334.00 

10,533.00 


28,017.00 

69,335.34 

1,000.00 

55,223.21 


6 000 00 


Security Trust and Life 


25,500.00 


South Atlantic Life _ 




State Mutual of Massachusetts 

State Mutual Life and Annuity 


3,500.00 
9,000.00 


State Life of Indiana 


670,202.03 
10,985,846.13 
25,986,969.90 
25,170,222.00 

8,285,404.00 
15,503,090.00 




16,000.00 

117,611.39 

149,812.92 

71,012.00 

83,337.08 

100,481.60 


5,000.00 


*Sun Life of Canada 


42,654.96 

1,267,781.00 

75,325.00 

28,028.11 

4,904.94 


4,875.00 


♦Travelers 


79,750.00 


Union Central _ . __ 


61,000.00 


Union Mutual Life of Maine 




Washington Life 








Totals 


1,311,476,058.53 


5,250,599.47 


8,566,690.57 


797,539.67 



'Liabilities from Accident included. 



(xxiv) 



-LIABILITIES. 

Companies (licensed to do business in this State) for year 
31, 1901. 



Unpaid 
Dividends. 


All Other 
Liabilities. 


Total as to 
Policy-holders. 


Gross 
Divisible 
Surplus. 


Capital 
Stock. 


Total. 


8 798,610.16 


$ 2,630,309.76 
33,226.85 


$ 54,286,609.92 
630,422.78 


$ 3,573,081.25 
185,576.36 


§ 1,750,000.00 
100,000.00 


S 59,609,691.17 
915,999.04 
















360,015.51 

677.35 

40,859.35 

1,701.40 

6,331.79 


455,054.00 

5(1,057.71 

105,244.32 

1,550,616.90 

137,, 838. 39 

53,477.02 

141,824.49 

1,932.12 

16,677.17 

13,924.72 

439,763.66 

2,000.00 

61,675,011.12 

436,380.69 

50,535,061.92 

203.45 

25,985,581.14 

208,838.00 

3,642,938.83 


259,910,678.28 

3,273,544.06 

24,957,399.47 

2,246,173.30 

12,060,731.18 

824,804.02 

15,136,924.01 

1,846,728.97 

25,905,423.85 

6,882,839.41 

71,933,206.07 

3,052,528.14 

350,358,971.67 

20,154,051.00 

290,743,386.46 

203.45 

146,662,526.11 

4,147,076.40 

45,356,064.39 


70,462,630.56 

656,244.38 
3,633,410.88 

400,155.67 
1,310,131.57 

135,526.88 
1,568,421.53 

224,141.12 
2,386,140.53 

139,857.85 
6,452,609.09 


100,000.00 


330,473,308.84 
3,929,788.44 


200,000.00 
500,000.00 

"100,000.00 

100,000.00 
100,000.00 


28,790,810.35 
3,146,328.97 

13,370,862.75 
1,060,330.90 


16,631.52 

4,803.80 

211,74(1.42 

515.88 

304,602.59 


16,805,345.54 

2,170,860.09 

28,291,564.38 


250,000.00 


7,272,697.26 
78,385,815.16 


100,000.00 


3,152,528.14 


109,035.41 

3,410.85 
165 395 92 


2,480,000.00 
2,230,212.37 


352,838,971.67 

22,384,263.37 

290,743,386.46 

203.45 











247,765.18 


5,282,230.85 

311,729.96 

3,275,910.78 


" "Soo'ooo jxT 


151,944,756.96 
4,958,806.36 


78,965.02 


48,631,975.17 








611.20 

ln.733.00 

18,235.57 

257,760.54 


611.20 

13,784,527.00 

4,351,787.57 

41,765,966.09 

1,165.86 

459,010.31 

1,263,476.15 

24,507.61 

17,532,054.49 

71,111.91 

699,418.16 

11,181,525.70 

28,852,182.45 

25,467,925.46 

8,405,150.63 

15.617.026.75 






611.20 




638,886.50 

476,694.33 

4,864,605.24 

2,096.14 

696,442.92 




14,423,413.50 




100,000.00 
2,000,000.00 


4,928,481.90 


173,331.30 


48,630,571.33 
3,262.00 




56,749.96 

19,103.09 
834.61 

31,405.28 

62,111.93 
5,602.39 

15,153.57 
1,367,868.63 

83,113.32 
3,913.91 
8,550.21 




1,155,453.23 




500,000.00 

196,008.00 


1,763,476.15 




29,279.32 

2,079,375.15 

56,246.42 

315,654.38 

481,499.86 

3,992,446.86 

4,045,610.13 

588,629.45 

458,406.28 


249,794.93 




19,611,429.64 






127,358.35 


2,613.74 

110,472.70 




1,015,072.54 


105,000.00 

1,000,000.00 

100,000.00 


11,768,025.56 
33,844,629.31 


7,253.14 
4,467 53 


29,613,535.59 
8,993,780.08 




125,000.00 


16,200,433.03 








2,779,180.56 


150,078,759.47 


1,508,954,828.27 


124,353,176.16 


7,926,008.00 


1,641,234,012.43 



(xxv) 



TABLE No. IX 
Showing RECEIPTS of Life Insurance 



Name of Company. 



*iEtna Life 

Bankers Life of New York 

Breadwinners Mutual and Benevolent. 

Carolina Benevolent 

Equitable Life of New York 

Fidelity Mutual 

Germania Life 

Hartford Life 

Home Life of New York 

Life of Virginia : 

Manhattan Life 

Maryland Life 

Massachusetts Mutual 

Michigan Mutual 

Mutual Benefit of Newark 

Mutual Life of Kentucky 

Mutual Life of New York 

National Life of Vermont 

New York Life 

North Carolina Mutual and Provident . 

Northwestern Mutual Life 

♦Pacific Mutual 

Penn Mutual 

People'6 Benevolent and Relief 

People's Mutual Benevolent 

Phoenix Mutual Life 

Provident Savings 

Prudential of America 

Security Life and Annuity 

Security Mutual Life 

Security Trust Life 

South Atlantic Life 

State Mutual of Massachusetts 

State Mutual Life and Annuity 

State Life of Indiana 

*Sun Life of Canada 

♦Travelers 

Union Central 

Union Mutual Life of Maine 

Washington Life 

Totals 



Premiums. 



9,219,773. 
610,165. 

788. 
859. 
002. 
OSS. 
235. 
733. 
384. 
212. 
143. 
40S. 
291. 
114. 
9S4. 
(121. 
7S7. 
586. 
619. 
19S. 

Oos. 
812. 
902. 
539. 
9-14. 
988. 
800. 
750. 
669. 
062. 
732. 
461. 
514. 
784. 
341. 
187. 
169. 
615. 
308. 
448. 



48,712 

2,457 

3,580 

2,338 

2,3U5 

1,151 

2,0S2 

251 

5,137 

1,303 

11,006 

553 

51,410 

4,307 

56,412 

2 

22,619 

2,184 

9,682 

8 

IS 

2,647 

3,47o 

26,681 

22 

886 

783 

52 

3,360 

90 

868 

2,577 

7,407 

5,361 

1,733 

2,529 



295,956,650.29 



Interest and 
Dividends. 



2,449,074.10 
26,161.17 



11,064 

105 

1,148 

9( 

493 

38 

552 

85 

1,138 

341 

3,437 

141 

12,562 

854 

13,667 



,018.91 
,357.29 
,051.81 
,703.76 
,907.S9 
,960.87 
,333.13 
,279.14 
,169.03 
,625.41 
,238.62 
,853.86 
,843.77 
,835.25 
462.40 



6,219,894.85 

150,340.95 

2,006,200.62 



639,866.61 

131,477.01 

1,630,576.45 



30,081.58 

22,200.83 

10,471.55 

692,547.48 

1,762.07 

32,850.63 

155,893.02 

1,342,542.22 

1,604,033.70 

296,515.75 

491,064.56 



63,963,156.29 



♦Premiums from Accident Department included. 



(xxvi) 



-RECEIPTS. 

Companies for year ending December 31, 1901. 



Rents. 



37,023.46 



2,030,352.47 

79,115.87 

190,934.90 

10,181.25 

94,813.01 

5,145.38 

238,663.29 

9,078.25 

26,623.64 

21,817.76 

191,386.28 

22,699.40 

1,110,638.69 

145,485.24 

529,008.26 



375.82 
163,175.55 



108,471.87 



21,349.98 

110,441.1)2 

25,128.81 

36,246.52 

315,590.32 



All Others. 



203,780.78 
17,627.31 



2,568,231.89 

15,708.89 

12,157.59 

59,082.30 

156,066.75 



68,053.61 
3,621.86 
5,496.59 
8,655.40 

17,614.13 



504,035.32 

463.09 

193,460.90 



434,296.92 

32,030.95 

205,524.18 


198,524.17 
343,105.03 
138,446.29 






48,911.92 

33,952.20 

414,283.53 


7,107.14 
145,786.27 
105,784.87 



5,536.78 

208,428.58 

2,691.88 

18,443.38 



586.71 
41,235.84 
43,156.30 

5,630.56 
39,1171.41 

4,771.02 



Total 
Receipts. 



11,909, 
654, 



64,374, 

2,657, 
4,931, 
2,504, 
3,050, 
1,195, 
2,941, 
349, 
6,3<>7, 
1,675, 

14,653, 
717, 

65,624, 
5,308, 

70,802, 
2 

29,471, 
2,710, 

12,033, 

8, 

18, 

3,372, 

3,788, 

28,832, 

22 

922' 

1,177, 

65, 

4,179, 

92, 

901, 

3,095, 

8,90.3, 

6,997, 

2,105, 

3,340, 



651.60 
954.38 
788.30 
859.70 
605.94 
270.47 
379.32 
701.27 
172.53 
319.08 
193.40 
387.58 
580.89 
213.37 
223.92 
574.45 
305.51 
369.68 
550.87 
198.59 
784.02 
289.48 
133.42 
539.74 
944.00 
317.06 
026.47 
401.81 
669. 26 
056.85 
537.47 
625.29 
977.01 
546.89 
8.39 
666.07 
308.84 
609.00 
141. '.(4 
874.70 



Excess of 

Receipts over 

Disbursements. 



3,298,161.09 

199,413.29 

36.05 

186.82 

25,183,446.93 

666,893.25 

1,302,602.70 



1,032, 

88, 

437, 

57 

1,978, 

423, 

3,832, 

20 

23,171, 

2,504, 

29,819, 

3,628, 
511 

4,594, 



299.36 
975.50 
474.19 
390.00 
063.25 
077.47 
073.95 
841.76 
699.01 
670.93 
667.39 
203.'! 5 
851.39 
426. 65 
708.95 
95.84 



Excess of 
Disbursements 
over Receipts. 



1,070,045. 

1,100,990. 

7,205,466. 

3,262. 

187,846. 

184,590. 

lo,375. 

1,642,994, 

28,453. 

271,044. 

1,269,161. 

2,643,051. 

3,314,205. 

464,324. 

73,o35. 



18 
31 
15 
00 
64 
17 
04 
77 
05 
87 
82 
."1! 
48 
05 
65 



66,668.14 



6,693,046.74 



5,142,362.65 



371,755,215.97 



122,122,917.83 



66,668.14 



(xxvii) 






TABLE No. X- 
Showing DISBURSEMENTS of Life Insurance 



Name of Company. 



♦^EtnaLife 

Bankers Life of New York 

Breadwinners Mutual and Benevolent, 

Carolina Benevolent 

Equitable Life of New York 

Fidelity Mutual 

Germania Life 

Hartford Life 

Home Life of New York 

Life of Virginia 

Manhattan Life 

Maryland Life 

Massachusetts Mutual 

Michigan Mutual 

Mutual Benefit of Newark 

Mutual Life of Kentucky 

Mutual Life of New York 

National Life of Vermont 

New York Life 

North Carolina Mutual and Provident . 

Northwestern Mutual Life 

♦Pacific Mutual 

Penn Mutual 

People's Benevolent and Relief 

People's Mutual and Benevolent 

Phoenix Mutual Life 

Provident 9a vings 

Prudential of America 

Security Life and Annuity 

Security Mutual Life 

Security Trust Life 

South Atlantic Life 

State Mutual of Massachusetts 

State Mutual Life and Annuity 

State Life of Indiana 

*Sun Life of Canada 

♦Travelers 

Union Central 

Union Mutual Life of Maine 

Washington Life 



Claims 
Paid. 



5,440,158. 

167,297. 

124. 

306. 

17,512,482. 

925,370. 

2,080,752. 

1,763,614. 

921,228. 

389,257. 

1,301,419. 

172,422. 

2,009,338. 

580,5113. 

5,255,985, 

308, 5! Hi. 

21,744,562. 

1,013,165. 

18,780,733. 

1,024. 

6,979,651, 

451,272, 

3,512,966, 

4,447, 

3,714, 

1,036, 223 

1,168,486, 

7,4^7,497, 



315,462, 

50(1,572. 

6,500, 

1,022,874, 

6,235, 

2(1(1,269. 

805,637. 
3,231,563, 
1,485,308, 

806,327, 
1,769,507, 



Paid 

Annuitants. 



686,250.12 

20H.00 

28,3S3.15 



28,569.39 



10,291.37 
1,201.23 



500.00 
81,233.23 



1,545,514.51 

34,749.05 

1,562,920.64 



18,768.98 

4,036.27 

154,393.75 



For Policies 

Surrendered, 

etc. 



9,387.47 

1,707.04 

25,504.83 



44,499.07 
17,759.57 
19,410.83 
1,308.23 
32,506.03 



Totals ; 110,098,142.38 



4,309,157.76 



371,538.98 
26,529.94 



5,763,109.18 

57,904.83 

323,049.22 

148,855.51 

139,643.62 

77,841.18 

258,892.89 

12,477.09 

400,847.98 

143,985.68 

1,257,986.68 

92,516.62 

3,090,417.68 

467,335.52 

3,822,814.08 



1,768,552.64 

87,350.66 

795,601.17 



277,604.23 
176,035.63 

553,7S7.00 



2,611.31 
13,336.00 



292,990.76 



6,352.45 
136,180.94 
191,456.00 
421,137.18 
103,482.82 
203,862.40 



21,486,087.87 



♦Disbursements in Accident Department included. 



(xxviii) 



DISBURSEMENTS. 

Companies for year ending December 31, 1901. 



Dividends to 
Policy-holders. 



892,140.54 
5,215.47 



Dividends to 
Stockholders. 



Commissions. 



175,000.00 S 
6,000.00 



3,742, 

40, 

208, 

68, 

194, 

19, 

56, 

14 

729, 

35, 

1,742, 

33, 

2,299, 

137, 

3,442, 



519.57 
004.22 
135.51 
186.74 
169.24 
766.20 
141.09 
717.75 
304.48 
679.96 
630.44 
26i',. 7s 
174.82 
996.42 
921.18 



7,000.00 

"24,000.00 
40,000.00 
15,000.00 

12,0110.111) 

20,000.00 
6,000.00 

25,000.00 



6,000.00 



3,577,503.36 
112,300.98 
625,223.54 


~~i4,oooToo 










239,986.17 




157,645.74 
535,690.98 


6,977.60 
200,000.00 


3,705.83 




146.32 








427,084.58 






33,615.16 
79,331.58 



303,569.14 

60,574.91 

183,728.38 

20,002,978.98 



15,750.00 

150,OUO.OO 

10,000.00 



8,750.00 



741,477.60 



959,372.17 

119,810.95 

357.14 

32.50 

6,402,324.95 

410,482.04 

389,702.02 

286,792.75 

318,456.52 

287,296.55 

283,731.23 

28,845.82 

626,745.99 

241,216.16 

1,095,615.22 

94,890.66 

8,196,629.41 

650,793.23 

7,344,171.54 

485.43 

2,688,693.91 

442,715.34 

1,313,086.11 

2,238.41 

7,425.15 

318,757.78 

485,600.31 

5,857,701.43 

15,580.52 

238,416.70 

137,725.70 

15,846.43 

428,755.99 

32,248.80 

225,725.07 

362,499.34 

1,500,013.65 

770,767.46 

280,002.72 

384,137.39 



43,243, 449. 58 



Salaries, 

Medical and 

Employees' 

Fees. 



315,105.30 $ 
71,275.34 



77.50 

1,644,147.95 

299,036.15 

322,282.24 

143,007.07 

240,938.68 

236,256.82 

255,735.27 

33,877.60 

263,970.55 

116,64.3.74 

432,234.41 

60,701.56 

3,151,073.47 

208,766.22 

3,529,340.34 

350.00 

603,607.06 

237,242.31 

390,825.51 

1,395.00 

3,714.42 

167,802.07 

378,460.26 

4,304,154.46 

909.36 

88,638.94 

57,119.73 

17,321.86 

145,057.32 

10,329.87 

95,626.23 

191,370.19 

473,121.83 

243,199.65 

228,077.33 

311,343.99 



All Other. 



458,175. 

59,412. 

271. 

256. 

3,433,324. 

257,370. 

252,472. 

120,912. 

159,867. 

83,925, 

317,373. 

22,465. 

299,309, 

108,576, 

955,464, 

100,766, 

2,425,233, 

290,892, 

2,500,082, 

135 

1,200,154 

849,945 

646,328 

362 

4,090 

252,510 

312,122 

2,722,539 

2,917 

85,375 

284,046 

15,581 

219,318 

15,279. 

69,145. 

191,235. 

696,342 

430,010 

161,044 

374,003. 



40 
19 
01 
88 
69 
43 
38 
.87 
70 
,35 
,70 
,79 
,99 
,61 
,00 
,21 
,72 
,60 
.33 
.11 
.71 
.02 
.14 
.00 
.43 
.54 
.91 
.84 
.38 
.41 
.93 
.96 
.99 
57 
42 
17 
.-"J 
28 
23 
71 



19,272,665.10 20,384,015.61 



Total. 



8,611,490.51 

455,541.09 

752.25 

672.88 

39,191,159.01 

1,990,377.22 

3,628,776.62 

2,571,369.41 

2,017,873.17 

1,106,343.58 

2,503,619.21 

291,997.58 

4,3i9, 517.64 

1,252,135.90 

10,821,149.97 

696,732.69 

42,452,600.50 

2,803,698.75 

40,982,883.48 

1,995.14 

16,842,932.63 

2,198,862.83 

7,438,4^4.47 

8,443.00 

18,944.00 

2,302,271.88 

2,687,036.16 

21,626,935.66 

19,407.26 

734,210.21 

992,947.30 

55,250.25 

2,036,982.24 

64,093.84 

630,733.52 

1,826,504.25 

6,260,257.30 

3,683,403.52 

1,640,817.89 

3,267,839.05 



239,538,974.88 



(xxix) 



TABLE No. XI-BUSINESS 
Showing BUSINESS IN NORTH CAROLINA of Life 



Name of Company. 



^Etna Life 

Bankers Life of New York 

Breadwinners Mutual and Benevolent. 

Carolina Benevolent 

Equitable Life of New York 

Equity Life of Virginia 

Fidelity Mutual 

Germania Life 

Hartford Life 

Home Life of New York 

Life of Virginia 

Manhattan Life 

Maryland Life 

Massachusetts Mutual 

Michigan Mutual 

Mutual Benefit of Newark 

Mutual Life of Kentucky 

Mutual Life of New York 

National Life of Vermont 

New York Life 

North Carolina Mutual and Provident- 
Northwestern Mutual Life 

Pacific Mutual 

Penn Mutual 

People's Benevolent and Relief 

People's Mutual Benevolent 

PhceDix Mutual Life 

Provident Savings 

Prudential of America 

Security Life and Annuity 

Security Mutual Life 

South Atlantic Life 

Security Trust and Life 

State Mutual of Massachusetts 

State Mutual Life and Annuity 

State Life of Indiana 

Sun Life of Canada 

Travelers 

Union Central 

Union Mutual Life of Maine 

■Washington Life 



Totals 



Policies in Force at 
Beginning or Year. 



No. 



2,519 
331 



3,640 
"~757~ 



Amount. 



3,853,324.00 
1,267,500.00 



7,467,791.00 
1,019,588.00 



579 
143 
43,409 
170 
224 
114 
142 

2,919 
385 

2,992 



3,027 
1,408 
1,151 

107 
1,846 
2,100 
6,160 
1,151 
1,144 

102 



117 

37 

210 

384 



241 
1,299 

466 

2,545 

75 

347 



82,141 



1,422,000.00 
203,108.00 

4,893,285.00 
271,378.00 
338,025.00 
217,340.00 
198,637.43 

5,104,058.00 
44:1,151.00 

8,785,197.00 



Policies Issued 
During the Year. 



No. 



615 
118 
431 
2f>0 
1,078 



148 



202 

24 

27,199 

7 

94 

57 

242 

799 

15 

853 



6,640,744.00 

42,240.00 

2,589,707.00 

156,025.00 

3,668,962.00 

200.00 



1,694,545.00 

2,761,008.00 

203,775.00 



293,522.00 

53,500.00 

319,320.00 

619,826.00 



615 

1,226 

166 

07 

1,015 

1,450 

3,682 

210 

163 

191 

233 

94 

104 

227 

119 



583,000.00 
568,258.40 
1,594,772.00 
3,588,033.00 
147,286.22 
439,147.00 



61,444,252.05 



339 
327 
181 
688 
72 
140 



43,450 



Amount. 



853,409.00 

299,200.00 

16,990.00 

260,000.00 

2,721,408.00 



316,500.00 



407,000.00 

37,000.00 

2,918,404.00 

13,400.00 

124,770.00 

91,500.00 

249,194.91 

1,212,073.00 

24,350.00 

1,568,522.00 



1,248,531.00 

36,180.00 

333,500.00 

81,280.00 

1,837,758.00 

140.00 



300, .'ill. 00 
402,S49.00 
398,080.00 

601,800.00 
168,550.00 
213,307.00 
341,828.00 
239,406.00 



586,000.00 
278,784.00 
533,619.00 
921,675.00 
159,036.62 
187,772.00 



20,014,127.53 



(sxx) 



IN NORTH CAROLINA. 

Insurance Companies for year ending December 31, 1901. 



Policies Ceased 
During the Year. 


Policies in Force 
December 31, 1901. 


Losses. 


Total 

Premiums 

Received 

During the 

Year. 


Unpaid at 

Beginning 

of Year. 


Incurred Paid 


No. 


Amount. 


No. 


Amount. 


During the 
Year. 


During the 
V'ear. 


4S1 
94 


$ 712,425.00 
314,500.00 


2,653 

355 
375 
951 


$ 3,994,308.00 
1,252,200.00 


8 601.00 


$ 91,053.00 

12,000.00 

116.10 


§ 88,071.97 

12,000.00 

116.10 


$ 120,298.32 

34,685.54 

788.30 


1 306 mi 


260,000.00 

8,756,335.00 

136,000.00 

1,504,834.00 




306.00 306.00 

80,984.00 121,473.00 

8,500.00 I 6.350.00 


859.70 


634 1,432,864.(10 4,081 


40,489.00 


268,245.05 
11,261.00 


73 147,754.(10 845 


1,000.00 


16,016.88 


17,016.88 


45,006.42 


135 
16 

"5 


371,500.00 

4(i,850.OO 

2,445,024.00 

27,m50.00 

86,375.00 

6,o62.0o 

88,786.00 

481,521.00 

66,341.ii0 


646 
151 
4s,s<; 
165 
253 
165 
306 
3,434 
367 


1,457,500.00 
199, -.'58.00 

5,396,665.00 
256,928.00 
376,420.00 
3(i2,778.00 
359,046.34 

5,834,610.0(1 
407,160.00 

9,757,855.00 


14,500.00 

2,000.00 

355.00 




39,000.00 
3,000.00 

7n,266.00 
5, 85o. 00 

11,599.84 


53,500.00 

5,000.00 

69,401.00 

5,850.00 

9,180.84 


49,249.91 

6,857.55 

210,267.69 

8,125.93 

12,196.83 
8,496.79 


78 

284 

33 




3,575.00 


3,000.00 
63,295.00 

8,000.00 
56,014.00 


3,000.00 

63,479.00 

S,oo0.00 


ln,202.95 

199,154.81 

9.000.72 


289 


595, 864. 00 3,556 




51,014.00 255,643.16 








241 

300 


470,995.00 

9,000.00 

13,938.00 

75, OOf 1.00 

680,635.00 


3,101 

2,334 

1,314 

129 

2,484 

3,210 

7,862 

1,177 

1,109 

278 

233 

181 

96 

298 

463 


7,418,280.00 

69,420.00 

2,923,207.00 

162,305.00 

4,826,085.00 


25,800.00 


81,695.34 


98,982.02 


246,196.60 


3 
45 


377.00 


8,834.00 


8,923.00 


94,329.96 
5,932.32 


377 
340 


16,033.76 


33,775.00 
4,417.59 


45,533.76 


160,489.89 
140.00 


1 990 










14,774.00 


184 

198 

15 


299,017.00 

448,785.00 

33,714.00 


1,695,839.00 

2,715,072.00 
568,141.00 
601,800.00 
363,055.00 
177,500.00 
442,938.00 
795,440.00 


2,000.00 

19,066.47 


15,273.00 ' 15,273.00 

46,000.00 48,000.00 

4,992.37 . 17,100.00 


62,073.38 
81,650:04 
21,320.05 
21,503.40 


30 
45 


89,017.00 

89,307.00 

218,210.00 

63,786.00 




1,017.00 


8,451.68 
5,119.25 


139 
40 





3,000.(10 3,000.00 
5,713.73 i 5,713.73 


19,105.21 
26,577.00 








89 


165,000.00 491 

294,430.00 1,036 
314,107.('0 548 
336,060.00 2,985 
117,500.(10 107 
129,457.00 395 


1,004,000.00 

552,612.40 

1,814,284.00 

4,173,«48.00 

188,822.84 

497,402.00 




6,000.00 6,000.00 

4,702.31 '• 4,063.21 

22,807.67 1 23,509.67 

16,500.00 20,500.00 


19,209.29 


590 
99 

248 
40 


"T'noo.oo 

2,000.00 


19,363.76 

44,674.80 

125,610.49 

4,757.92 


92 


200.00 


13,300.00 11,500.00 


17,407.09 


29,(141 


10,664,390.00 96,555 


71,084,714.58 


127,997.23 


62,008.83 J 821,857.18 2,249,026.90 



(xxxi) 



STATISTICAL TABLES 

RELATING TO FRATERNAL 
ORDERS. 



TABLE No. XII- 
Showing INCOME, DISBURSEMENTS, ASSETS AND 



Name (if Order. 



American Guild 

Ancient Order United Workmen 

Anvil 

Bankers Union of the World 

Endowment Rank Knights of Pythias 

Family Protective Union 

Famobrosis Society 

Fraternities Accident Order 

Grand Fraternity 

Improved Order Heptasophs 

Industrial Aid 

♦Knights of Damon 

Knights of Honor 

Knights of Kadosh 

Knights and Ladies of Honor 

Knights of Harmony 

Knights of Mystic Chain 

Ladies of the Maccabees , 

Masonic Mutual Relief 

Modern Puritans :. 

National Union 

Order of Select Knights 

Ridgely Protective Association 

Royal Arcanum 

Royal Benefit Society 

Savannah Benevolent and Aid 

Sovereign Camp Woodmen of the World 

Supreme Ruling Fraternal Mystic Circle 

United States Protective Society 



Receipts. 



From 
Members. 



142,400. 
68,998. 



Miscella- 
neous. 



5,220.45 
19,062.93 



Total. 



147,6<il.44 
88,001.27 



Dis- 



To 

Members. 



81,774.13 

80,000.00 



129,958. 

,803,240. 

13,121. 



10,007.32 

32,813.10 

57.39 



139,965.49 

1,830,053.43 

13,178.80 



53,393.57 

1,655,363.06 

5,120.63 



47,991. 

89,701. 

,226,158. 

151,083. 



157.05 
8,610.32 
2,739.41 

440.00 



IS, 312. 87 

98,312.24 

1,288,897.56 

151,523.75 



20,060.91 

41,581.57 

1,081,847.86 

43,791.45 



309,595. 
315,810. 



8,155.84 



3,317,751.77 



3,227,088.94 



5,698.08 
27.50 



1,321,508.45 
27.50 



1,175,275.00 



708,834. 

39,198. 

3,455. 

795,315. 

39,233. 
139,072, 
038,842. 

50,460, 

4,171. 

184,229. 

261,471, 

13,531. 



5,555.73 

921.00 

1,825.85 

2,769.18 

10,205.22 

1,383.49 

102,452.15 

54.00 



26,343.39 
45,706.99 
10,180.79 



' 714, 390. ('3 

40,119.19 

5,281.35 

1,798,084.93 

49,438.61 

141,055.49 

7,141,294.32 

50,514.41 

4,171.85 

2,210,573.37 

307,17s. 03 

23,712.20 



Totals. 



20,566,536.91 



301,577.24 20,868,114.15 



429,297.43 

33,208.90 

1,564.48 

1,674,750.00 

30,300.00 

64,302.34 

6,595,116.66 

18,614.65 

697.70 

1,794,916.43 

220,019.30 

2,531.68 



18,336,722.69 



♦Consolidated with American Guild. 



(xxxiv) 



FRATERNAL ORDERS. 

LIABILITIES for year ending December 31, 1901. 



BURSEMENTS. 


Assets is Funds. 


Total 
Assets. 


Total 


Miscella- 
neous. 


Total. 


Mortu- 
ary. 


Reserve. 


Emergency. 


Expense. 


Liabilities. 


$ 55,517.71 
6,331.47 


? 137,291.84 
86,331.47 


8 IS, 245. 56 


$ 53,591.82 


$ 


s 


$ 101,837.38 
1,097.78 


$ 29,000.00 






360.35 














84,462.51 

196,400.98 

8,192.32 


137,856.08 
1,851,764.04 

13,312.95 










25,126.39 

227,128.14 
2,275.20 


16,759.95 










285,830.88 


207.7" 


849.40 


560.65 












26,215.02 


46.281.93 

96,967.40 

1,177,350.55 

152,907.38 










16,051.57 
156,555.04 
212,023.43 

10,996.79 


15,401.57 


65,385.83 
95,502.69 










2,093.00 


102,050.85 






1,234.38 


105,512.68 


109,115.93 




















94,201.25 


3,321,290.19 


2,037.94 


40,914.31 


1,004.51 


198.53 


346,647.39 


487,780.52 


90,476.74 
50 63 


1,265,751.74 
5n_fia 








16,511.60! 181,954.70 


113,210.06 















159,994.52 580,291.95 
7,568.61 4u,777.51 


141,926.13 


139,392.37 


139,392,38 


7,362.73 


428,823.61 

25,919.14 

5.605.84 


58,762.33 
17,138.60 


3,295.93 4,860.41 


5,000.00 

204,324.55 

2,241.76 

455,001.67 






605.84 




117,601.28 1,792,351.28 






26,816.27 425,140.82 

491.87 8,709.19 

12,532.98 56,736.56 

132,049.96 2,902,638.13 

5,488.12 6.038.12 


194,000.00 


9,916.68 46,216.68 

74,253.23 138,555.57 

201,353.53 6,796,470.19 


5,975.56 


23,40(K38 
1,567,3S8.68 


3,596.21 

900.00 

2,154,440.31 


30,072.90 18,687.55 
3,275 3,973.38 




550.00 










790.75 




310,074.10 2,104,990.53 

81,754.05 301,773.:;.! 
20,952.71! 23,484.39 


24,575.5!) 
10,391.211 


- 


268,351.12 

73,500.45 


5,778.52 
125.36 


571,330.23 
138,855.03 

2,788.84 


298,705.23 

55,031.67 

500.00 














1,843, 966.:;u 20,180,688.99 1,068,139.19 


240,723.46 


2,074,198.17 209,196.16 


5,855,072.07 


3,839,573.36 



(xxxv) 



TABLE No. XIII- 
Showing EXHIBIT OF CERTIFICATES 



Name of Order. 



American Guild 

Ancient Order United Workmen. 
Anvil 



In Force Deoemebr, 
31, 1900. 



No. 



r,37 

939 



Amount. 



5,595,500.00 
3,719,000.00 



Issued During 1901. 



No. 



6,218 
385 



Amount. 



8,603,500.00 
6ul, 000.00 



Bankers Union of the World 

Endowment Rank Knights of Pythias— 

Family Protective Union 

Framobrosis Society 

Faternities Accident Order 

Grand Fraternity 

Improved Order Heptasophs 

Industrial Aid 

Knights of Honor ■ 

Knights of Kadosh 

Knights and Ladies of Honor 

Knights of Harmony 

Knights of Mystic Chain 

Ladies of the Maccabees 

Masonic Mutual Relief 

Modern Puritans 

National Union 

Older of Select Knights 

Ridgely Protective Association 

Royal Arcanum 

Royal Benefit Society 

Savannah Benevolent and Aid 

Sovereign Camp Woodmen of the World- 
Supreme Ruling Fraternal Mystic Circle 

Union Indemnity League 

United States Protective Society 



n, 

66, 
1 



851 
561 
437 



17,293,750.00 

116,363,500.00 

1,115,01)0.00 



11,095 

14,825 
878 



6, 
3 

55, 
28, 
59 



711 

578 
102 
090 
932 



19,241,000.0(1 
950,000.00 

91,694,000.00 
561,800.00 

105,136,500.00 



4,701 
1,931 

4,522 

32,054 

2,854 



49,789 



57,212,000.00 



7,912 



65, 
1, 



336 
354 



62,103,633.00 
1,354,000.00 



52, 

3, 

14, 

210, 

4, 

129, 
13, 



152 
502 
519 
(174 
352 
440 
837 
303 



1,214 



144,892,000.00 
3,548,750.00 

1,497,800.00 

558,825,000.1111 

814,075.01) 

8,698.00 

219,831,200.00 

21,312,883.33 



16,003 

249 

303 

8,843 

1,136 

3,593 

31,055 

6,324 

526 

48,199 

5,798 



265,250.00 



4,711 



Totals 891,510 1,433,365,339.33 



12,714,(100.00 

22,050,500.00 

607,250.00 



9,817,500.00 

258,500.00 
5,693,500.00 

641,080.00 
2,790,500.00 



7,133,500.00 



12,618 

278 

1,020 

12,732 

1,037 

359 

48,646 

986 

8 

64,532 

5,598 



,000.00 
,000.00 
,200.00 
,000.01) 
000.00 
,300.00 
,500.00 
,350.00 
,910.00 
,900.00 
,450.00 



664,5 r .0.00 



214,115 I 239,398,090.00 



(xxxvi) 



FRATERNAL ORDERS. 

for year ending December 31, 1901. 



Terminated During 1900. 


In Force December 
31, 1901. 


Increase. 


Decrease. 


No. 


Amount. 


No. 


Amount. 


No. 


Amount. 


No. 


Amount. 


1 944 


S 2,103,500.00 
326,000.00 


8,908 
2,122 


$ 12,095,500.00 
3,994,000.00 


4,274 
183 


$ 6,500,000.00 
280,000.00 






202 












14 851 


13,269,950.00 

37, 148, 5' in. no 

1,752,250.00 


14,095 

57,075 
1,538 


16,737,805.00 

101,265,500.00 

1,192,250.00 






3,756 
9,486 


455,945.00 


24,311 
2 315 






15,098,000.00 


111 


47,250.00 










3 ''S 9 


8,004,500.00 

151,9iMl.on 

14,370,000.110 

444,360.00 

11,080,500.00 


8,130 

4,493 

50,304 

37,926 

55,773 


21,054,000.00 

1,057,500.00 

83,017,500.00 

758,520.00 

96,85.',5n0.00 


1,419 
915 


1,813,000.00 
106,600.00 






1 016 






9 3^0 


4,798 


8,676,500.00 


22,218 
7 013 


9,836 


196,720.00 




4,159 


8,284,000.00 










5 889 


5,762,000.00 


51,808 


58,583,500.00 


2,023 


1,371,500.00 





























4 116 


3,981,781.00 
172,000.00 

13,000.00 

9,630,0011.00 

557,250.00 

39O,7on.0O 

21,767,500.00 

7711,925.00 

6,4l)O.0U 

35,493,100.00 

3,489,366.67 


77,223 

1,435 

300 

61,946 

4,081 

14,221 

231,132 

6,028 

662 

153,017 

15,908 


70 739,852.00 


11 .887 


8,636,219.00 
106,500.00 




168 


1 460,500.00 81 




3 


1,007,200.00 








5 049 


147,994,000.00 
4,028,500.00 
1,466,400.00 


9.704 
579 


289,800.00 
479,750.00 






557 






3 891 


298 ' 31,400.oo 


9,997 
4 648 


585,701,000.00 

1,029,500.00 

11,148.00 

248,871,000.00 

23,421,966.66 


21,058 


26,879,000.00 

215,425.00 

2,450.00 

29,039,800.00 

2,109,083.33 




1,676 

222 

23,180 

2,605 




304 




25 019 






3 193 












1 718 


528,02(1.0(1 


4,140 


401,780.00 


2,926 


136,530.00 












151,024 


171,208,562.67 


862.265 


1,472,318,921.66 


95,269 


78,209,627.33 


22,497 


32,545,845.00 



(xxxvii) 



TABLE No. XIV- 
Showing BUSINESS IN NORTH CAROLINA 



Name of Order. 



American Guild 

Ancient Order United Workmen- 
Anvil 



Certificates in Force 
December 31, 1900. 



No. 



136 
130 



Amount. 



253, 000. "0 
257,000.00 



Certificates Issued 
in 1901. 



No. 



35 
17 



Amount. 



44,5U0.0(i 
27,000.00 



Bankers Union of the World 

Endowment Rank Knights of Pythias _. 

Family Protective Union 

Famobrosis Society 

Fraternities Accident Order 

Grand Fraternity „- 

Improved Order Heptasophs 

Industrial Aid 

Knights of Damon 

Knights of Honor 

Knights of Kadosh 

Knights and Ladies of Honor 

Knights «f Harmony 

Knights of Mystic Chain 

Ladies of the Maccabees 

Masonic Mutual Relief 

Modern Puritans 

National Union 

Order of Select Knights 

Ridgely Protective Association 

Royal Arcanum 

Royal Benefit Society 

Savannah Benevolent and Aid 

Sovereign Camp Woodmen of the World- 
Supreme Ruling Fraternal Mystic Circle. 

Union Indemnity League 

United States Protective Society 



188 

1,702 

124 



21, Si «). ill) 

3,437,000.00 

125,500. 00 



2U4 

150 

46 



24 



87,000.1)0 



62 



984 



1,881,000.00 



28 
4,240 



901 



304 



496 



Totals 9,118 



1,952 

827 



912 
369 



1,654,500.00 
"478^666.00 



9,000.00 
928,000.00 



5,399,500.00 

169,700.00 



l,753,70i).i)ii 
706,lon.oo 



17,420,800.00 



22 
49 



54 



329 



2S0 
513 
1,157 
578 
589 
39 



8,467 



384,500.00 

210,000.00 

35,000.00 



143,000.00 



198,500.00 
84,920.00 



7,500.00 



27,500.00 
26.41 



59,000.00 
430,000.00 



28,000.00 
996,500.00 
101,520.00 

11,920.00 
799,400.00 

54,500.00 



3,703,286.41 



(xxxviii) 



FRATERNAL ORDERS. 

for year ending December 31, 1900. 



Certificates Termi- 
nated in 1900. 


Certificates in Force 
December 31, 1901. 


Assessments 
Collected. 


Losses. 


No. 


Amount. 


No. 


Amount. 


Incurred. 


Paid. 


27 
8 


3 31,000.00 
14,000.00 


144 
139 


| 266,500.00 

270,000.00 


$ 3,532.98 


9 2,060.00 
4,000.00 


9 2,060.00 
4,000.00 






125 

377 

12 


154,800.00 
805,000.00 

10,500.00 


327 
1,535 

158 


415,500.00 

2,842,000.00 

150,000.00 


1,867.32 

45,392.08 
470.94 


1,002.21 

19,000.0't 

460.83 


1,002.21 

25,000.00 

460.83 


3 


13,0(i(i.(«i 


83 


217,000.00 


170.00 


11.14 


11.14 


2:34 
1,551 


403,< .00 

31,020.00 


878 
2,695 


1,676,500.00 
53,900.oo 


2o, 5 15. 20 
3,930.00 


23,000.00 


24,000.00 


106 


193,50(1.11(1 


801 


1,468,500.00 


50,856.90 


64,000.00 


70,000.00 


29 


47,000.00 


297 


458,500.0(1 


12,310.91 


11,500.00 


11,500.00 




























21 


23,000.00 


42 


45,000.00 


803.25 










191 


271,o0o.oo 


634 


1,087,000.00 


9,076.39 


15,000.00 


15,000.00 


178 

96 

782 

353 


17,800.00 

262,0 tO. 00 
122,700.00 

7,27o.oo 

334,400.00 

59,000.00 


102 
2,369 
1,202 

225 
1,287 

371 


1(1,200.00 

6,134,000.00 

208,520.00 

4,650.00 

2,218,700.00 

761,600.00 


843.00 

• 73,808.31 

8,376.45 


202.50 

91,000.00 

1,440.00 


202.50 

85,000.00 

2,065.00 


214 

37 


15,316.50 
8,706.69 


9,600.00 
7,000.00 


4,800.00 
7,000.00 






























4,344 


2,799,990.00 


13,292 


18,288,070.00 


236,047.82 


253,415.83 


252,101.68 



(xxxix) 



STATISTICAL TABLES 

RELATING TO ACCIDENT, CASUALTY, FIDELITY 
AND SURETY COMPANIES. 



TABLE No. XV 

Showing ASSETS of Fidelity and Casualty 



Name of Company. 



*iEtna (Accident Department) 

American Bonding and Trust 

American Credit-indemnity ____: 

American Surety of New York 

City Trust, Safe Deposit and Surety Co.. 

Employers' Liability 

Fidelity and Casualty 

Fidelity and Deposit of Maryland 

Hartford Steam-boiler 

Maryland Casualty 

National Surety 

New York Plate-glass 

Pennsylvania Casualty 

Preferred Accident 

Standard Life and Accident 

♦Travelers (Accident Department) 

Union Surety and Guaranty 

United States Fidelity and Guaranty 



Totals. 



Real Estate. 



27,131.91 



3,054,567. lfi 
653,350.00 



567,818.73 

60(i,00ii. (in 
38, 750. 0U 



91,775.00 



69,970.88 



105,817.87 
135,466.47 



5,344,648.02 



Bonds and 

Mortgages 

Loans. 



111,809.63 



2, 500.no 
61,700.00 



510,345.00 



2,000.00 
2,450.00 



382,287.00 



154,944.34 
6,000.00 



1,234,035.97 



Bonds and 

Securities 

Owned. 



1,105, 

655, 

1,817, 

437, 

1,433, 

3,28!, 

4,621, 

1,929, 

1,935, 

1,213, 

386, 

16, 

7no 

610, 



766.44 
218.75 
761.50 
707.no 
717.50 
989.00 
243.00 
115.00 
716.24 
965.75 
535.00 
150.00 
737.50 
305.00 



1,654.83 
1,150,736.10 



21,300,318.61 



♦Assets shown in Life Tables. 



(xlii) 



-ASSETS. 

Companies for year ending December 31, 1901. 



Collateral 
Loans. 


Cash. 


Interest and 

Rents Due 

and Accrued. 


Unpaid 
Premiums. 


Miscellaneous. 


Total. 


8 

~"l48~O20.61 


S 

""98,066.26 
133,966.68 
297,543.26 
414,240.84 
2,687.70 
207,903.71 


$ 

'""23,170.2s" 

2,035.00 

24,781.13 

23,486.00 

10,876.25 

3,403.97 


$ 

'""777T27.32 

37,012.50 

SO, 415. 64 

11,065.48 

248,987.77 

351,959.62 

82,906.99 

237,479.73 

2^8,724.12 

44,098.30 

33,166.38 

19,0)8.06 

94,902.50 

154,764.71 


60,761.84 

49,441.84 

3,379.57 

220,686.41 

71,701.64 

1,837.72 


S 

1,651,855.29 

877,674.77 


60,654.62 
1,428,506.59 


5,341,602.88 

3,280,742.32 
1,767,970.86 




4,410,912.75 




387,644.06 
150,294.37 


5,691,794.05 




14,742.34 
8,465.76 

7,554.16 

89.50 

218.26 

3,79-1.74 

13,520.77 




2,880,726.44 


99,730.00 


76,330.37 

161,647.98 

21,828.26 

38,864.84 

159,564.13 


97,402.37 


2,476,368.86 
1,519,041.19 






443,619.64 




101,046.53 


177,787.69 




958,994.87 




100,100.22 


352.76 


1,331,301.34 






57,883.08 i 7,225.87 


2.0K2.81 


21,180.52 
172,208.07 




350,769.32 

2,507,689.44 


655,744.00 363,790.07 23,744.73 





2,450,538.90 


2,651,698.62 


161,941.70 


1,915,057.71 


606,610.68 


35,664,850.21 



(xliii) 



TABLE No. XI 
Showing LIABILITIES of Fidelity and Casual 





Total Cla 


Name of Company. 


p 
5 

o 

< 


__ 

W 


Employ- 
ers' 
Liability. 


_s 
so 

u 

3 


Fidelity 

and 
Casualty. 


_ 

■ 

i in 

-_> 
a 


\merican Bonding and Trust Co. 


%- — 


5 


% 


8 


S 

60,983.57 


$ 














American Surety of New York __________ 










278,262.61 

102,008.54 

6,115.00 

56,935.82 




3ity Trust, Safe Deposit and Surety Co _ 












Employers' Liability- - - - - - 


16,700.00 
146,431.00 


890.00 


375,250.00 
577,650.00 








18,775.50 


8,665 








Hartford Steam-boiler __ 














Maryland Casualty _ -_ 


30,881.27 


986.07 


207,068.62 






5,34; 


Vational Surety __ _ 






60,821.88 


Vew York Plate-glass. __ _ 










3,23< 
3' 


°ennsylvania Casualty _ _ _ _ 


1,001.15 
86,650.00 
58,200.00 


2,473.46 


9,806.00 






Preferred Accident . _ . 








Standard Life and Accident ___ 


2,760.00 


207,718.95 








^Travelers (Accident Department) 








Union Surety and Guaranty - 










3,788.71' 
75,072.43 




United States Fidelity and Guaranty. 
























Totals ___ 


339,863.42 


7,109.53 


1,377,493.61 


18,775.50 


852,233.40 


17,28( 





♦Liabilities shown in Life Table. 



(_liv) 



[ABILITIES. 

ipanies for year ending December 31, 1901. 



: c 

■ 



- ■-. 

a c J5 
'Z s OS 






o 



o: 
3 



■as 

E-H 



8- 



OS 



_3 

C 



OS 

— 

o 



38,425.00 



i,7G2.00 



1121.51 

650.00 5,819.48 



248.50 



60,983.57 

38,425.00 

278,262.61 

102,008.54 

398,955.001 
834,218.24! 

208,244.84' 
45,121.51 

250,749.28 

60,821.88 

3,234.84 

13,560.71 

86,650.00 

268,678.99 



260,657.82. 
471,101.73 . 
591,552.89 - 
134,257.84 
728,261.06 

1.985,337.37 
704,698.55 . 

1,646,476.92 . 
739,160.66 
308,852.80 
138,781.20 
41,558.71 . 
481,860.69 . 
523,815.39 



4,913.75 



2,309,273.08: 

3,753.37 

284,270.82 



5ii, i poo. mi 
106,872.00 

7,188.88 



33,153.94 



1,(1110,000. 

200,000. 

2, 500, lino. 

500,000. 

•joo,ooii. 
250,000. 

2,000, , 

500,000. 
75i 1,000, 
500,000. 
100,000, 
100,000, 
200,000, 
250,000, 



325, 

168, 

1,971, 

235, 

437, 

1,080, 

2 778 

690, 

686, 

542, 

194, 

22 

190' 

255, 



300.15 
148.04 

787.3s 
202.86 
001.43 
157.90 
850.66 
128.01 
458.92 
494.51 
414.22 
662.26 
481.18 
653.02 



1,651, 

877, 
5,341, 
3,280, 

1,767, 
4,416, 

5,H9l, 

2,880, 

2,476, 

1,519, 

443, 

177, 

958, 

1,331, 



855.29 

674.77 
602.88 
742. 32 
970.86 
912.75 
794.05 
726.44 
368.86 
041.19 
619.64 
787.69 
994.87 
301.34 



3,788.71 

75,072.43 



64,733.58 
656,794.60 



1,983.67, 



250,000.00 
1,500,000.00 



30,263.36 
275,822.41 



350,769.32 
2,507,689.44 



1,782.01 5,819.48 



38,425.00 



2,728,782.15 9,469,910.81. 2,801,409.51 



10,800,000.00! 9,864,747.74] 



35,664,850.21 



(xlv) 



TABLE No. XV: 
Showing RECEIPTS of Fidelity and Casuall 





Premiu 


Name of Company. 


Accident. 


Health. 


Employers' 
Liability. 


Burglary. 


Fidelity 

and 
Surety. 


./Etna (Accident Department) 


$1,251,588.49 


8 78,389.17 


$ 


$ 


$ 


American Bonding and Trust .- — _ 






486,680 


American Credit-Indemnity _ . 










American Surety of New \ork 










1 014 650