The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-09-19
Fire Insurance In the United states for
the Past Six Months.

Fire Insurance IN the United States for
Illc Past Six Months.
There was during the six months end.
ing Jnne3O 1870, one hundred and fifty.
one American and twenty-five foreign
fire insurance companies doing business
in the State of New York. All OF these
are required by law to furnish n sworn
statement OF their entire business,
semi-annuNlly, to the Insurance De-
parlment OF that State. From tie
statements made by liz Of the l73
companies authorized to do business
in New York, on the soil Of June last, we
notice that only % OF the l5l American
companies show an income in excess Of
expenditures, and that the toiNl amount
OF receipts from ull sources over total ex.
penditures Of these % companies was
1901, 1850, being an average Of SIS, 1905
to each company, fraction over per
cent on their capital stock. The other 2S
American companies show expenditures in
excess OF total income in the sum OF 81.
O57, S3l.9l, an average Of SCI ,70l so to each
company, or Il fraction over eleven per
cent Of their entire paid up capital. The
largest gain made by IN American insur-
ance company, was that Of the Hartford,
ofConn., S70,3l7 ID; capital 81 $50, 900; the
Watertown, OF New York, following with
Sj0,GS7 92i capital 100000 The guin, oil
these two companies aggregate over forty
per cent Of the total gains made by the
. American companies, whose receipts
were in excess OF their expenditures. The
American Company showing the largest
expenditure over total income WAS the In.
surance Company Of North America, oil
Philadelphia, the same being $525, 5j3 50
equal to more than twenty-five per cent oil
its capital stock.
OF the twenty-five foreign lire insur.
ance companies doing business in the
United States, twcnty-onc reported to the
Insurance Department Of the State OF New
York and one, the London and Lancashire,
having established their United States
branch in the month OF June last was not
required to make statement. Six only
Of these companies show receipts in excess
Of expenditures. The gain OF these six
was sis, G25 is, an average OF $l9937 81
to each company. The other fifteen foreign
companies show expenditures in excess oil
their total income in the sum Of S72i,.
72O 90, m average OF SiS,3l4 GS 10 each
company. The largest gain made by a
foreign company was that OF the Royal
Of Liverpool, amounting 10 $2O,S2S 81,
the Queen Of Liverpool following with
500, 430.lS, these two companies making
IS per cent. Of the total gains made by the
foreign companies. The foreign company
showing the largest amount OF expendi.
tire in excess Of total income is the Liver.
pool, London and Globe, the amount
being SOL, 97Sl0. OF the liz fire ingur.
anCC companies, home and foreign, doing
business in New York during the past six
months OF 1874, ll3 Of them lost the
enormous sum OF I,7S2 ,jjI.ju over their
total receipts, and % companies show
gains amounting in the aggregate to Sl2l,-
3G3l2. These statements present u sorry
outlook for the contemplation OF stock.
holders in insurance companies, and
should DC weighed well by policy holders
and the insuring public who are clamor.
ing for cheap insurance.