426 



INSURANCE. 



IOWA. 



by the census of 1880, was 1,647. Of these 

 1,462 were doing a fire business only, 140 a 

 fire marine business, and 45 a marine business 

 only. Of the whole number, 424 were doing 

 business with a joint-stock capital, and 10 with 

 a guarantee capital ; 235 were doing a general 

 business on the mutual plan, and 978 were do- 

 ing a farm or local business on the mutual plan. 

 The aggregate amount of joint-stock or guar- 

 anteed capital was: authorized, $144,939,200; 

 paid up in cash, $99,090,788; paid up in notes, 

 $2,691,051. The aggregate assets of all com- 

 panies were returned as follow : 



Market value of real estate owned, less all in- 

 cumbrances $18,477,914 



Amounts loaned on bond and mortgage (first 

 liens) 44,859,286 



Market value of United States bonds and secu- 

 rities actually owned 75,035,442 



Market value of State, county, city, and town 

 bonds and securities actually owned 21,020,352 



Market value of all other bonds, stock, and secu- 

 rities actually owned 86,484,707 



Amounts loaned on collateral securities 11,138,471 



Amounts of cash or available assets not previous- 

 ly specified 39,761,595 



Total amounts of cash or available assets 247,184,208 



Contingent assets 645,137,343 



Total cash or available and contingent assets 

 (ledger assets) 892,271,556 



The aggregate liabilities of all companies 

 were as follow : 



Amount due for unpaid losses $10,358,906 



Miscellaneous cash liabilities 12,525,268 



Total cash liabilities 22,884,174 



Contingent liabilities 48,297,127 



Total cash and contingent liabilities (liabilities as 



to policy-holders) 71,181,301 



Excess of cash or available and contingent as- 

 sets over cash and contingent liabilities (policv- 



holders' surplus) ". . 821,090,225 



Capital and scrip liabilities 757,451,984 



Excess of cash or available and contingent assets 

 over cash, contingent, capital and scrip liabili- 

 ties (stockholders' surplus) 63,699,959 



Excess of all assets over all liabilities (net assets). 869,387,382 



The aggregate income and expenditures of 

 all companies were as follow : 



CASH INCOME. 



Net amount of fire premiums and assessments re- 

 ceived in cash $65,763,600 



Net amount of marine and inland premiums re- 

 ceived in cash 16,037,163 



Total amount of premiums and assessments re- 

 ceived in cash 81,800,763 



Cash received from investments 11,619,592 



Cash received from increased capital and calls on 

 capital 788,022 



Cash received from miscellaneous sources 1,378,602 



Aggregate cash income and receipts during the 

 year 95,586,979 



CASH EXPENDITURES. 



Net amount paid in cash for fire-losses $37,887,240 



Net amount paid in cash for marine and inland 



losses 10,551,745 



Total paid in cash for losses 48,438,985 



Amount of stockholders' dividends paid in cash 

 and (mutual companies) cash returned as prof- 

 its or surplus 14,288,11* 



Amount paid in cash on account of expense 26,321,943 



Miscellaneous cash expenditures 1,655,188 



Aggregate cash expenditures during the year. . . . 90,699,234 



The risks of fire, fire-marine, and marine 

 companies written during 1879, and in force at 

 the end of the year, were as follow : 



Fire-risks written $8,139,453,076 



Marine and inland risks written 1,975,687,446 



Premiums charged on marine and inland risks 

 written 13,339,078 



Total -amount of all risks written 10,115,140,522 



Losses incurred during 1879 48,128,564 



Fire risks in force December 81, 1879 10,000,828,643 



Marine and inland risks in force 2S3,S24,213 



Total amount of risks in force 10,284,652,856 



The following summary shows the ratios of 

 the business of fire, fire-marine, and marine 

 companies for the year 1879 : 



RATIOS OF LOSSES. 



Fire-losses paid to fire premiums and assessments re- 

 ceived in cash '5736 



Marine and inland losses paid to marine and inland 



premiums received in cash 6580 



Total losses paid to total premiums and assessments 



received in cash 0-5901 



Total losses paid to total cash income 0-50E3 



Total losses paid to total cash expenditures 0-5341 



Fire- losses paid to fire-risks written 0047 



Marine and inland losses paid to marine and inland 

 risks written 0-0053 



RATIOS OP DIVIDENDS. 



Dividends paid to paid-up capital stock 1 605 



Dividends paid to ledger assets 0-0404 



Dividends paid to total cash income 0'1850 



Dividends paid to total cash expenditures 0-1904 



Dividends paid to income from investments 1*8807 



RATIOS OF EXPENSE. 



Expenditures on account of expense to cash received 

 from premiums and assessments 0'3090 



Expenditures on account of expense to total cash in- 

 come 0-2746 



Expenditures on account of expense to total cash ex- 

 penditures 0-2902 



RATIOS TO CASH INCOME. 



Cash received from premiums and assessments to to- 

 tal cash income 



Income from investments to total cash income 



Total cash expenditures to total cash income 



RATIOS TO LEDGER ASSETS.* 



Paid-up capital stock to ledger assets 



Cash and contingent liabilities to ledger assets 



Cash, contingent, and capital liabilities to ledger as- 

 sets 



Cash, contingent capital, and scrip liabilities to ledger 



0-8562 

 0-1212 

 0-94C1 



0-4876 

 0-0798 



0-9156 

 0-9287 



The ratio of liabilities as to policy-holders to 

 cash or available assets was 0*2880. The ratio 

 of net assets to risks in force was 0'0845 ; 

 amount of risks in force to each one dollar of 

 net assets, $11.83. 



IOWA. STATE GOVERNMENT. The State 

 officers during the year were : Governor, Buren 

 R. Sherman, Republican ; Lieutenant-Govern- 

 or, O. H. Manning ; Secretary of State, John 

 A. T. Hull ; Treasurer, E. H. Conger ; Auditor, 

 William V. Lucas; Attorney-General, Smith 

 McPherson ; Adjutant-General, W. L. Alex- 

 ander; Superintendent of Public Instruction, 

 John W. Akers ; Register of Land -Office, James 

 K. Powers ; Railroad Commissioners, A. R. 

 Anderson, Peter A. Day, and M. 0. Woodruff; 

 State Librarian, Mrs. S. B. Maxwell. Judi- 

 ciary Supreme Court : Chief-Justice, William 

 H. Seevers ; Associate Justices, Austin Adams, 

 Joseph M. Beck, James G. Day, and James H. 

 Rothrock. 



LEGISLATURE. The Legislature met on the 

 8th of January, and remained in session until 

 the 17th of March. On the 12th of January 

 the Governor and Lieutenant-Governor were 

 inaugurated. On the 17th United States Sena- 



* I. e., total cash or available and contingent assets. 



