The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1867-05-16

anee Company's business for Tho
year ending January 1, 1867, b,
which it appears that it issued IA, ,O3:
policies-a larger number than wa:
issued by any company, with one
exception-the Mutual Life of New
York.. which issued 1890. The
magnitude of the new business MAY
be seen by q comparison of the
number of policies issued with those
OF other companies doing business in
New York. The average number OF
policies issued during the year 1860
by New York companies being 5000
by companies Of other States, 1913.
The receipts of the .Etna for the
year were 1856, 236, being nn in
crease of about 1000, 900 sOver the
previous year. After paying all
losses and expenses for transacting
the business, the princely sum OF
~, 365, 900 was added to its surplus.
making the assets of the company
upwards of $1,000, 900, nil of which
is safely invested. In number of
policies, the business of 1866 over
that for the year 1865 was 5, ,223; in
amounts insured, $40, ,OS6, 757.
1t appears from the reports to the
insurance departments of New York
and Massachusetts that the business
OF this company has been increased
in q greater ratio proportionately,
during the last six years, than that of
any other company. The premium
receipts Of the company for the wear
ending. September 1, 1861, were less
than $4,000, and it will be seen
from the above that, only some five
years later, its receipts for single
year were upwards Of $3, $3.50, OOONa
marvellous increase.
The business of the company the
present year, thus far, exceeds very
largely that for the corresponding
months OF last year, both in number
OF policies issued and receipts, the
latter averaging upwards of $4OO, 900
per month. With its agencies now
30 thoroughly established, and its
full complement of experienced and
enterrprising agents, who are system
atically Icanvassing the country. its
unparalleled success must continue.
The following is from the L,sur
ance Monitor, for April, 1867:
HTNA LIFE INSURANCE COMPANY
The Etna Life presents the most
signal example of American progress
and accumulative energy. Every
branch and department. OF the iusti
tuition appears to be replete with the
most active vitality and growth, and
the rapidity of its advancement is so
great that it promises to eclipse all its
competitors, and to become, if it is
not already, the first life insurance
company in America.
How nearly these presages are
already accomplished, and how GER
tain they are of complete and speedy
fulfillment, may be gathered from the
following facts: About five years ago,
the Etna Life, which is possessed of
stock capital of $3.50, 900, COM
menced business as n mutual COM
pany. In 1861, it issued $50 policies,
the premiums amounting to but
S76. 1913. G7. Since that period, its
growth has been something altoge-
thcr unprecedented in the history of
life insurance, its business having
been annually doubled, tripled, and,
on ono occasion, almost quadrupled,
till it has eliminated in the yearly
issue Of over IA, 900 policies, insuring
over $40, 900, 900, ut the same time
that it was the recipient of the annual
revenue of over'$3, 100000.
1t accordingly appears that the
Ntna Life insured last year, with
one exception, the largest number of
persons of any company in the
United States, and even as to amount
insured, it is surpassed by only two
companies, and it is probable that it
would not have been excelled by them
in this respect, if it were not deemed
incompatible with its permanent in
terests to grant q single policy for q
sum exceeding $40, 200; for, although
so remarkably progressive, the
Attna's course has always been equally
prudent, safe end conservative. But
certainly in its increase of business
IN 1866 over that Of 1865, including
the issue of policies, amount insured
and total income, when it's position
and that of other companies at the
commencement of last year are duly
considered, it must be regarded, be-
yond comparison, as the most sue
cessful of oil. The present year wit
nesses no abatement of this Youthful
vigor and growth. On the contrary,
we learn that the company's increase
in business i'll 1867 is nearly double
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