The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-03-13
Phoenix Mutual Lilo Insurance
Company.

The oath annual statement Of this pros
porous company is published to-day on
this page Of tho ISTELLIGESCER. Mr.
B. E. Tiff Is the general manager for this
district, and James NJ. Todd General
Agent. Our readers will be interested in
the figures, which show its sound cOndi.
ton, Its total assets are $40, l05,Gl3 81.
The amount covered by its outstanding
policies is SG9,2ll, l05. Tho reserve, or
necessary amauntto re-insurG this accord
ing to the New York standard, is SS,7i9,.
$50; so that, after adding losses reported
but not vet due, the company has a sur
plus Of over million oil dollars 81, 49,
400 sl) Or, taking the Connecticut stan
dard iOr reinsurance reserve, It's surplus
is Si33,GO 81. IT, asset are invested in
the safest OF securities. Now for mo.
mcnt let lis look at the business Of this
company. Its income last year was
S3,37G,3jl 81, OF which over $65OO0O
accrued from interest on investments,
The amount OF its losses and ma
turcd cndowmcnts was SS72,Sl2 10.
Its dividends to policy holders
amounted to near u million Of dollars,
viz: S029,970 49, We believe We arc
warranted in saying that this il larger
per ccntagc OF dividend than any other
life insurance company in tho country
has made the past year on policies OF
equal age and premium. In fact the div
idcnds OF the PhGniX have always been
as large, or larger than those Of any other
company. In the dividends We have the
real condition OF n company, rs to its
sOundncSs and prosperity. a mutual life
insurance company is not bound to make
any dividends. II it receives the full
premiums annually, and pays the policies
promptly when The holders die, 1t dis
charges its obligations, But to provide
for extraordinary contingencies, such rs
the destruction to human life byswcCping
contagious diseases, it is prudent to pro-
vide for asurplns covering all such conIin-
gcncics. lfthry do not occur tho dividends
to policy holders arc made, tho company
still rcscrving u safe surplus over all
claims and its reinsurance fund. Tho PhG-
nix, last January might have made divi.
dends equal to the average Of those Of
other companies, and carried half u mil
lion more to its surplus. But first re.
serving u surplus sufficient to cover all
contingencies, it made dividends amounts
ing to within fraction Of million Of
dollars to its policy holders, When the
insured die, their friends will get the
benefit Of this, II indeed during their
lives they do not actually pay less to
carry their policies. But This isno new
policy on tho part Of tho Phoenix. 1t
las always practiced it, Tho number OF
its policies in forcO Is now over $1,000.
The phwnix Is managed by ablc anil care
full officers Mr.. Fesscndcn, ils President,
having been connected with 1t from the
day OF its organization; and Mr.. Burns.
its Secretary, we believe Is acknowledged
to bc among the best OF insurance officers.
Last year Mr.. j. NJ. lIoICombo was en-
pIOyCd as Assistant Secretary. lie had
previously been appointed rs Actuary in
the State Insurance Department. The
confidence OF the public in the Phpnix
can not be made any stronger; but It il
firmly held by ils careful and able man
agcment and It's satisfactory annual state
mnnts.