The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1879-02-15

one of the most depressing years in finance that
has been known in this country, ending Decem-
ber 31st 1878, it is W til special pleasure that we
are enabled to present to the Directors, Stockhod-
ers and Policy-holders evidence OF continued In
creased financial strength.
INCOME AND DISBURSEMENTS.
The total income during the year was S546, ,S72 49,
of which $S5 5679 30 was received for interest," dis
counts and rents The last named sum exceeded
the total amount paid during the year for death
claims and matured endowments. Such result
is rarely accomplished by any Life Insurance
Company, and indicates the character OF the risks
and investments of the Company.
The amount of death claims and matured en-
dowments paid was $50, ,342 S3, being about S4oooo
less than the expected loss according to the NOR
tality tables We are pleased to add that every
death claim presented during the last TWO years
has been promptly adjusted and paid, with one
exception lin case where the payments were iio'
made by the poicy-holde when due), it being the
established rule of the Company to pay promptly
all death claims upon policies in force, except ID
cases of attempted fraud when the interests OF the
policy holders demand an active and persistent
resistance.
The total amount of disbursements on policy
holders account for the year was $3.50, 40i 30
The amount paid during the year for expenses
it is expected that during the year 1879 the ex-
pense account will be again materially reduced,
il being the desire of the management to reduce
this account to the lowest possible amount consist
ent with the Enthusiastically during the con.
tinuance of general depression in the securing OF
new business.
The total disbursements during the year amount
to S443, $50 1S. The amount of income over all
disbursements was $lO3 122 05, being an increase
of SAG, 1923 81 over the prior year.
ASSETS, LIABILITIES & SURPLUS.
The assets of the Company on December 3lst
were 81 5O4 355 Al, with Liabilities. including re-
serve on outstanding policies upon four per cent
Ohio Standard 81, ,242 705 25, leaving surplus, as
regards policy -holdes, of S26l $50 o. According
| to the New York standard of reserve, four ana
half per cent the liabilities are only $l l44ooo 49,
| leaving surplus, as regards policy holders, OF
$3.50 7S6 II. OF the undivided surplus, $Ss,6o9 ID
has been produced by the Life Rate Endowment
| Policies.
The assets of the Company have been thorough
ly examined within the past two years, twice
by the State Insurance Superintendent, and also
by two different Auditing Committees, consisting
OF prominent policy holders, all of which testify
as to the correctness of the annual reports and the
superior character Of the Company's investments
INSURANCE ACCOUNT, sc.
The total number of policies issued and revived
during the wear was 91O, insuring the sum OF
81, ,680. .S9S.
The results attained by our Life Rate Endow-
ment Policies have enualed those anticipated, ana
they are preferred by those nsuring over those OF
any other pan. During the past year the addi-
tional advantage of provisions for an annuity to
be accepted at the option of the policyholder has
been added to these policies.