New-York tribune., 1885-02-20
REPORT OF SUPERIN rENDENT MCCALL.
FIRE AND MARINE INSURANCE BUSINESS IN THIS
STATE.


ALBANY, Feb. 9.-Superintendent Mccall
made his report to hre and marine Insurance TO the
Legislature Of the State OF NewYork to-day The tables
show the following facts aud figures the business OF
1854 Of tue fire and of the companies doing business in
the state Now York Assets. $40 3s. .552. OF which
New-YorS Joint stock companies return 1921 .3S5
other state stock companies $50, ,s95 O9i New-YOrk
mutuas. 81. .O93. .s93 other State mutuas. Si3s.ls0
As to liabilities excepting scrip and capital. the amount
is $50 797 433. OF which wYork stock companies re-
port sci sl2 other State stock companies. s2s.5O6
GIs; New-York mutuals, S330,6s6; other State
mutuas, S241 PSI The whole amount OF scrip
liabilities is s7l0264 and OF capital S5i,ol5,020
The OF all the companies for the year 1854 was
s65 O9l 3ii. The excess OF income expenditures
vas - 500 400 Fortythrce companies appear 10 have
expended SJ75.7s9 moro than they received. The ex
rinr companies show assets OF S2i .237. PSI gain OF
sI9l III compared with the year. and iab
with issJ. Their income was Ssi56.7a7. or $40. 900
than The prevoa. year and the expenditures
total American a,se,. Of fHrGSn on'e fire 1
3s7 1913 income S262 s.535 expenditures. S25 i39.
III surplus beyond deposit capital, Sl2sss520 The
~ sS's s,s AmSs'In s liabilities, Income.
expenditures ~ O22s07. The business done by all tn
fire. IRE marine aud marine Insurance companies report
Ing TO tho New York Insurance. Department In 1854
makes sexbbit Net assets. Sls460l5 5ls risks in
force $lO or An average OF 81 So Of assets
As regards income SOC $40 So received for pre-
miums OF which N0s,2liolO was pald Tor losses, rJD,
sssOl7 paid for expenses, and S6,77O,325
for dividends. The average ratio OF gross ex-
ponditures to gross income is 81 SO per
cent; OF losses paid TO premiums received Is
62 20 per cent OF expenses 10 premiums Is 1927 per
cent OF expenses income ia 30 40 per cent OF
dividends paid stockholders 10 capital stock Is ll2l per
cent The surplus held by all these companies is
S3l SOS 993, as against S37 69l.296 year ago Only
one company shows Impairment OF capital. namely,
the Pennsylvania OF Pltts6urg. Sl.799 As general
summary of the nre aud marine Insurance situation in
the state OF Newiork Superintendent Mccall says that
M the close the 1851, the fire, fire marine and
marine insurance COMPANIES doing business In this
state were Of $2O2 $50 OF admitted assets
not including assets held abroad or premium
notes OF mutual companies-a loss OF $2,o27,9l4,
ns compared with tho reported the pre-
crdlng year. Their liabilities, excepting scrip and
caplIai we're S7s070.323. or S3,53i.s37 moro than
wear ago Their income In 1881 was $Ol ,6O7Oll and
their \ penduros S95,s72,656-an increase OF S2470
Oj5 in Income and 81 70i,7l3 in expenditures. as com
pared with tho previous year Mr McCals recommend
ATOMS are: a. Make the compensation OF the agent
depend In great part on the pronts or MS business
20 Educate the people realize that losses by nre are
ax Inv destruction Of value that 10 not replaced by
the c1mpanys payments; 81 Provide In the policy that
The holder shall share portion or the loss iu case OF
Gr. IN hi, own premises those under his control