The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1875-06-28
Insurance Commissioners Report.
Life and Accident Department.

The second part of the report of Insurance
Commissioner Nye, embracing Life and Acct
dent Insurance, will soon be published. This
report shows that at the close of the year 1874
80 life and 3 accident insurance companies were
authorized to transact business in this State.
Of this number but one-Maine Life Insurance
Company-has an organization in this state.
The following are the names of insurance COM
panies of other states doing business in Maine:
Etna, Hartford; Am erican Popular, New York; ;
Yorkshire. Pittsfeld, Mass; Brooklyn, New
York; Charter Oak, Hartford; Connecticut
Mutual, Hartford; Confidential, Hartford; Con-
Germania, New York; Globe Mutual, New
York; Homeopathic Mutual, New York j ohm
Hancock Mutual, Boston; Massachusetts Mu.
tua Springfield, Mass. Merchants, New York;
Metropolitan, New York; Mutual, New York;
Mutual Benefit, Newark, N. j.; National,
Montpelier, VT. National of U. S. of A., Wash
ington, d. c.; New England Mutual, Boston;
New Jersey Mutual, Newark, N. J.. New York,
New York; Northwestern Mutual, Milwaukee,
Wis; Penn Mutual, Philadelphia; Phoenix
Mutual, Hartford; Security Life and Annuity
New York; State Mutual, Worcester; Travel
ers', Hartford; United States. New York; Uni
versal, New York; Washington, New York.
OF the above the authority given to the Mer-
chants of New York to do new business in the
state was revoked May 10, 1875.
The following are the Accident Insurance,
Companies doing business in Maine: Hartford
Accident, Travellers, Railway Passengers, all of
Hartford, Ct.
The following life insurance companies have
York; Missouri Valley, Leavenworth, KS;
North America, New York; Republic, Chicago,
Ill.
The report is largely made up of statistics
and tables which are not only of interest to
those engaged in the business but to the thou
sands who think life insurance an investment.
There are eight tables, and their contents are
briefly stated by the following recapitulation
taken from the report:
Table No. 1 shows the capital. assets, liabili-
ties, surplus impairment Of capital ON the
31st day of December, 1874, and the income
and expenditures for the year ending December
81, 1874, OF life insurance companies transact
ing business in this state. The gross assets
amounted to 1916, 5SS, $40 40. The liabilities
amounted to 1911, III 400 %. The total surplus
as regards pocy-holders, is $2S817 1902. The
income amounted to $103 122, Ala SO. The ex-
penditures amounted to S70,650,0 96. The
total excess of income over expenditures is
$32, 535, 078G or.
Table No. 2 shows the nature Of the assets of
the companies transactiDg business in this state
December 81, 1874
Table No. shows the nature of the liabili-
ties of the same companies on the 31st day of
December, 1874.
Table No. 4 shows the nature of the income
of the same companies during the year ending
December 81, 1874.
Table No. shows the nature of the expendi-
lures OF the same companies during the same
time.
Table No. 6 gives an exhibit of policies of all
the life insurance companies doing business in
Maine at the close of the year 1874.
Table No. shows the number and amount
of policies terminated during 1874, and the
mode of termination. Terminated by death or
maturity, 7,480, amounting to 800, 595 191. Ter
minated by expry, 1,718, amounting to $4,705,-
357. Terminated 10y surrender, 26,645, amount
ing to $75,66S,712. Terminated by lapse, 81
AL, amounting to $142, 593,547.
Table No. shows the business transacted in
Maine during the year ending December 81,
1874, by life insurance companies. The num-
Der of policies issued was 2,77O. Amount in
sured, $4,l50,456. Premiums received, $780,
534.1 IA. Losses and claims incurred during the
year, 1921, 76S.00 Losses and claims paid,
$342, 569.45. Amount of taxes paid on premi-
ums, l,477.10. Whole number of policies in
force In the state at the close of 1874, 16, 421
Whole amount insured, S27 500 414.0O