The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1874-08-11
Homeopathic Mutual Life Insurance
Company.

tiOmnO pathic mutual Lie insurance
Company.
). Is. RoCKwELL-Dear Sir: The
reports Of the Insurance Departments,
OF the various states. are now III print,
and doubtless have received your atten.
ton, We would however direct your
careful attention to the same, and feel
certain that the financial condition OF our
company compares 10 lavorably-ior sta
bility, and for the solidity Of its assets
with the older aud universally recognized
successful companies.
The various Department Reports show
substantial agreement We will USE
that Of our own state for few references
10 companies are engaged in active
business in New York state, . Of which
are New York companies, and IS belong
to other staics-you will please note
firstly, the proportion which the assets
that cur company holds, bears to ITS
policy liabilities The value ct this test
OF company's ability is conceded by the
best authorities commissioner CLARK, oil
Massachusetts, invaribly comments Oh it
in his anuupl report-,by this test, it APP
pears that the Homeopathic Mutual hods
IA larger ratio of assets to liabilities than
do twenty-five out Of the forty nine com
panes doing business in New York state
aud than do twelve out Of the twenty-ont
New York companies You will find a
schedule, tabulaiing the application made
by the various companies OF their 1874
income. aud the Homeopathic Mutua
retained "a larger proportion of It's Income
and adds the same to the actual reserv,
held for the security Of its policy holders
than did thirty out of the iorty.nine com
panies doing business in New York state
anu larger than did fourteen out OF thu
twenty one New York companies.
The Homeopathic Mutual is one o
the eight Of all the iorty.nine companies
doing business in New York state anC
one Of three Of all the twenty-one New
York companies, which in 1873, both in
creased its receipts and reduced its ex
ponditures it is one Of the seventeen o
all the foriy-nine, doing business in New
York state and one Of the eight OF all the
twenty.one New York companies, which
held at January lst, 1874, in funded as
sets, wiz bonds and mortgages, stocks an'
bonds &c, excluding policy loans an'
notes and premiums deferred and due &C
counts an amount in excess OF its lisbi
ities to policy holders An examination
OF the deferred and unsolicited premium
accounts shows that III proportion 10 'h
premium income oi 1873 IT held le~
ratio Of deferred premiums than ia
twenty .one OF the iortyninr companie
doing business in New York state nni h.
| than eleven ol the tsenty.o", New 81
companies, while is uneollecir'i premium
were thus prorortioualiy 'r,- iha" thos
of thirty Que OF the forty niue cumpauie
doing business IN New fu,k aud los
than those OF eleven u th" twcly-on
New York comwaulr.
The Homeopathic ia the year 1873 il
creased the number Of its policy holder
and the aggregate amount Of their polio
es, increased lis interest aud premium
receipts, increased the rebates 10 polio
holders, decreased its expenses aud dt
creased It's death claims from PRIOR year
The ratio its death claims (ln amount
bears TO the amount Of insurance in fore
is less than that of thlriy-hse OF I'll
forty. nine companies DONG business
New York state, and less than that {
seventeen OF the tw'nty- New lof
companies
We can not omit to notice 10 YOU tn
amsunt Of home. business doUe by III
New York companies in 1873, only seve
OF the New York companies who repol
90 this point, report to have Issued MOI
policies than the Homeopathic Mutu'
issued on lives OF citizens of New ior
state
You will bear constantly in mind, th'
in the various comparisons the results (
which are here given. the same rule ,
test is applied to the old companies
many yeurs sta ding ~ to ourselves.
Yours truly.
FgANK Is MAYHEM. Sc
rotary Of the llom@opathI, Mutual Iii
Insurance Co.. 23l Broadway \. \.
nLACkSMlIIi SHOP