INSUKANCE. 



425 



NAME. 



Principal office. 



Commenced 

 business. 



Knickerbocker Life Insurance Company New York, N. Y 1858 



Manhattan Life Insurance Company New York, N. Y 1850 



Metropolitan Life Insurance Company New York, N. Y 186T 



Mutual Life Insurance Company of New York New York, N. Y 1843 



New York Life Insurance Company New York, N. Y 1845 



Provident Savings Life Assurance Society New York, N. Y 1875 



United States Life Insurance Company in the city of New York New York, N. Y 1850 



Washington Life Insurance Company New York, N. Y 1860 



Universal Life Insurance Company New York, N. Y 1865 



Western New York Life Insurance Company Batavia, N. Y 1868 



North Carolina State Life Insurance Company Ealeigh, N. C 18T8 



Toledo Mutual Life Insurance Company Toledo, Ohio 1872 



Union Central Life Insurance Company Cincinnati, Ohio 1867 



American Life Insurance Company Philadelphia, Pa 1S50 



Girard Life Insurance, Annuity, and Trust Company of Philadelphia Philadelphia, Pa 1886 



Penn Mutual Life Insurance Company of Philadelphia Philadelphia, Pa 1847 



Presbyterian Annuity and Lite Insurance Company Philadelphia, Pa 1759 



Provident Life and trust Company of Philadelphia Philadelphia Pa 1865 



National Life Insurance Company Montpelier, Vt 1850 



Vermont Life Insurance Company Burlington, Vt 1869 



Life Insurance Company of Virginia Richmond, Va 1871 



Piedmont and Arlington Life Insurance Company* Richmond, Ya 1869 



Northwestern Mutual Life Insurance Company Milwaukee, Wis 1858 



The figures given below are the aggregate fjj Smut^tion'of commissions :::.\'::::::.";: 

 statistics for all of these companies : For advertising 416,143 



Miscellaneous disbursements 8,194,893 



CAPITAL STOCK. Total disbursements 76,089,188 



Authorized maximum $15,770,000 



Paid up in cash 8,634,190 ASSETS. 



Subscribed, but unpaid 864,209 Net ledger assets at close of year $426,584,115 



mrmurv Cost value of real estate 63,820,691 



Loans on real-estate security 184,758,300 



Ledger assets at beginning of year $419,868,468 Loans on bonds, stocks, etc 14,107,158 



Decrease of capital 564,071 Loans on companies' own policies 563,067 



Ledger assets at beginning of year as valued at Premium notes or liens 80,527,151 



closeofyear 419,284,896 Cost value of bonds and stocks owned 115,285,674 



Gross cash premium receipts 48,395,558 Cash on hand and in bank . . 14,792,121 



Premium notes and liens 2,618,208 Bills receivable 841.777 



Premiums paid by dividends and by surrendered Due from agents and miscellaneous 1,898,173 



insurance 5,843,639 Total ledger assets by inventory 426,584,115 



Cash received for annuities 757,635 Depreciation of assets from cost value to mar- 

 Gross premium receipts in cash and notes 57,615,102 ket value 3,483,267 



Less paid out for reinsurance 166,750 Total ledger assets less depreciation '.'... 423,100,849 



Net premium receipts in cash and notes 57,448,352 Accrued interest on bonds, mortgages, etc 7,262,812 



Interest on mortgage loans 14,045,973 Accrued interest on premium notes and liens 1,232,170 



Interest and dividends on bonds and stocks Accrued rents 211,084 



owned 6,728,856 Market value of real estate over cost. . . '. '. 886,038 



Interest on premium notes and liens 2,045.887 Market value of bonds and stocks over cost 5,447,085 



Interest on other debts 775,704 Deducted by company on account of loading 1,059,447 



Discount on claims paid in advance 79,280 Uncollected and deferred premiums, less deduc- 



Rent of companies' property 1,564,643 tion on account of loading 4,466,278 



Profit on bonds, stocks, and real estate sold 82,341 Miscellaneous 1 66,154 



Total interest, etc., receipts 25,322,092 Total assets ... . . 442,272,471 



Miscellaneous receipts 618,412 



Total income 88,388,857 LIABILITIES. 



DISBURSEMENTS. American 4} per cent reserve, December 31, 1879.$355,51 7.437 



Reserve for reinsurances 527,411 



Gross ledger assets at close of year $508,678,954 Reserve after deduction of preceding 354,990,026 



Cash paid for losses^ . 23,015,899 Premium obligations in excess of net reserves. . . . 83,927 



Premium notes and hens used in settlement of Unpaid claims for death-losses due 734,211 



losses 725,524 Unpaid claims for matured endowments 339,769 



Cash paid for matured endowments ... 8,959,859 Claims for death-losses not due or in process of 



Premium notes and hens used in settlement of adjustment 4 501 570 



matured endowments 1,005,969 Policy claims 'resisted.'.'. '.'.'.'.'. l'.200',223 



Gross amount paid for losses and matured en- Total policy claims 6,809,701 



dowments 33,707,252 Unpaid dividends due policy-holders 1,008,694 



Less amount received on reinsurances 97,540 Unpaid dividends due stockholders 19,988 



Total policy payments, less reinsurances 33,609,712 Unpaid taxes .. 27,759 



Cash paid to annuitants 275.869 Unpaid salaries, rents, etc 18,571 



Cash paid for surrendered insurance 9,906,333 Borrowed money. 472,185 



Premium notes or liens on surrenders and lapses. 2,626,9*9 All other liabilities'. ."".'.'" ......"...".' 2,322^050 



Premiums paid by surrender of other insurance. 2,459,999 Liabilities as to policy-holders 865,668,976 



Cash dividends to policy-holders 12,229,583 Excess of assets over liabilities as to policy- 

 Dividends to policy-holders by cancellation of holders . 76,603,494 



their notes or liens 1,840,039 



Total returned to policy-holders in cash, and by The number of policies written in 1879 Was 



cancellation of their cash indebtedness 62,439,310 100 QCQ V o-,* <fei Q*r n/io 1 1 Q 



To stockholders, for interest or dividends 4681898 122,868; aggregate amount, $187,049,113; 



For agents' commissions 3,871,524 number terminated, 104,165; amount, $210,- 



F gVs a an r d e Ige t n Veling expense8 ' etc " of mana " 9126 88 336 > 483 ? number in force December 31, 1879, 



Formedical examination 'fees'.".". '."!.'.'.'"" '..'."! 39^833 725.560; amount, $1,560,756,437. 



For compensation of officers and office employes. 2,193,755 F IRE AND MARINE INSURANCE. The total 



For taxes and licenses 1,467,370 nnm ^ er of fire and marine insurance compa . 



* Receiver appointed December 23, 1880. uies in the United States in 1879, as returned 



