St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-10
GROWING GREATER.

The Yearly Business of the Life
Societies in St. Paul and the
State.
There are thIrty-three life companies
operating in ST. Paul and Minnesota.
The total number OF policies in force at
the close OF 1889 was 2O,219, covering
81 ,364.674; total number of policies is
sued during 1890, 1882, covering so, 49,,
S67: total number Of policies ceased to
be in force during 1890, 3,G9S, covering
ST., 10, 999; total number OF policies in
force at close OF 1890. 1861, covering
sos. $50. 543. making net gain over the
previous year of >, AS policies. covering
-. O24, S69 of insurance. Total amount
of premiums. notes, credits, etc, re-
ceived during said year. 1890. was 81. 942.-
S31.52. Total losses incurred were SILL
22130. and total losses paid. s6l2, le0.6S.
Excess OF receipts over losses incurred,
81. 23l .6l0.22.
1t is interesting to note that over one
half, or Alp of the new policies Issued
in the state in 1890, were written by five
companies, InsuTiug lives to the amount
of 3.67S, 6S3; leaving 2,720 policies,
covering $7,07l, 1S4 of insurance to be
divided up between tWenty-elght COM
panieSS While the Northwestern
Mutual Life, of Wisconsin, stands first
in number of policies written. with the
the Mutual Life, of New York. second.
the New York Life leads all the other
companies in the amount of insurance
written, although it stands fourth in
the number OF policies. and the Equi-
table Assurance society, of New York.
stands third in amount of insurance
aud fifth in Oumhpr of n0liPiPS
The total number of policies on lives
in Minnesota in force at close of 1890 is
%. 667, covering 500, $50, 543 of which
1855 policies. covering 81, 0l90I9, are
held by the Northwestern Mutual. of
Milwaukee, Wis. The Mutual of New
York stands second in number of poll
cies. having 3.252. covering SS,949,GS7 of
insurance, while liz amount of insuT-
ance the New York Life stands second
with $9.307,53S represented by l,S99
policies. The Equitable Assurance So
ciety of New York stauds third IN num-
Der of policies, having 1874, and fourth
in amount of insurance with IS. l9S.979.
The regular life companies are doing
an Increased business every year. Take
the wears lSS9-9O by way of comparison.
We find that III 1889 there were l7,4S1
policies in force in this state at the be-
ginning of the year, amounting to $45.
927, l42. In 1890. however. there were
2u2l9 policies in force, amounting to
| $j4 SD. ga. There were issued:
In lss9-5.52g policies, amounting to SIS,
0l4g1L
In 1897. he. Omounting 10 S20,747.s67.
There were 2,SSS policies ceased in
1899. amounting TO 1865, $50; ana in
1890 there were 3,69S policies ceased.
amounting to 81. 73O. 800. There were
in force at the close Of the year:
In 1880 l26 policies, amounting TO Ssh.
2SS DI3
In 1893 90 policies, amounting TO $751;
$50 543.
The premiums collected during the
year were: In 1889. Sl,6Ia2SS.9S: in
1890. S. 942, S37.52; and the losses footed
in 1882 S554, 22S.65; in 1890, Sill. 227.30.
This comparison shows a net gain in
number of policies of 3,44S; in amount
of insurance written net gain of So
OBJ, $50: increase OF amount of prcmi-
ums. $327, 54S.54. and an increase of
losses incurred of SlJ6. 1856.
The following table shows the total
business transacted by the life cCm
panies in 1890:
v,,.,1 -,,,D,f.a- # oOrapauipS