The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1896-04-22
GIGANTIC TRUSTS.

Fire Associations, 80. cailed, but In reality
gigantic trusts, rs following figures below prove
Here are the figures concerning so M OF the lager
companies doing business In the Metropolitan dis
trict, taken from the official summary for LIST Of
January, 1895
The Hone Fire Insurance Company Of New
York received net premiums In 1895 Of St,92s,28s
and the total Income OF the, Company for the year,
SIS, s9s, 1924. The totsl losses paid were but S2,e!7:-
l8S Comparing the net premiums received with
tho total 10 ses paid, the iDsuring public really
paid this Company 50 254, lo7 in premiums over
a aa,io s Of ioss wSi to I p1sm neisSa H Ess IT,. The an ratio too" Of
expenses TO premiums wa, 34.6. The expenses OF
the business ever and above the losses and diVI.
dends paid ver3 Sl.7oS.s 800. The Company paid
cash dividends Of $500, l50 on o capital Of $1,000 goo.
TIE CONTINENTAL.
Tho Continental Fire Insurance Co. Of New
8s,i2l,is Its FIRE losses were but $3.50. 7se. In
this case the iusuring public really paid the Com
pany S. 500, SOS moro than the fire Losses aggregn.
ted The ratio Of losses to premiums wa, 63.5r and
expenses or tho business over and above the losses
and dividends paid were 81, 1850. Tho Company
paid cash dividends Of $i5o,s62 on q capitalof
$1,000, 200.
The Germau-AmeIican Fire Insurance Co. Of
Of S2,7to,is2, and paid out dre iossea Of si,52s,O sS.
Hero the ~insuripg public paid the Company In
premiums Sl.2l4, os4 more than the FIRE losses ag.
gregated. Tho Comlsny'S ratio Of loas to pre-
mnium. vas 65 @; and tho ratio Of expense to pre-
MUM s7.5. The expenditure over and above all
losses and dividends were Si.7oS.s SOL. The Compa.
ny paid cash dividends Of $4,000 on . capital OF
THE GERMANIA.
Tho Germaula Fire Insurance Co. Of New York
IL - Heal - SQnE ~ e a III "a
and paid out In fire losses but oso7.61 Here the
~insuring publ: paid In premiums $7l0, 4ol moro
than the FIRE losses aggregated. The Company's
ratio Of lo,ses to premiums was but 4l.6, while the
ratio OF expenses TO premiums was $50. me e5.
were SiA4.sss. The Comp ny paid cash dividend1
Of Qloo,0 900 on q capital of 81 000,o7o.
THE HNAOVER.
The Hanover Fire Insurance Company Of New
York received net premiums during 1895 OF 81 ,60s,-
$40, and paid out IN lrS losses but &722 1913 In
this csse the inBuriug public paid In premiums
ratio Of losses to premiums was g. while the
ratio Of expenses to premiums was 376. The eI-
penses of the business over and above the losses
and dividends were S565. 2ts Tho Company paid
$4,000 cash dividends on 81 0oo,Oo0 Of stock.
N. Y. UNDERWRITERS AGENCY.
The n. Y. Urderwritera Agency OF New York
(Hartford Fire Inu. Go } received net premiums Of
SD,fut tVOBs HhAiE w . o "1AS oos
Thus tn. policy holders paid in premiums 81. 4S3,t
l76 more than the loses aggregated. The ratio Of
losses to premiums was sc 8. and the ratio Of eI-
penses to premiums was SAB. The expenDrs over
and above Losses and dividend, were 1892 ITO.
The empany paid in dividends SS25,oOo on a capi-
tai Of 81, 250. 900.
THE NIAGARA COMPANY.
The Niagara Fire Ihs. Co. Of N. Y. received
net premiums OF 81, $50, 3S5 in 1885, while 1t paid
out in IRE losses but $s19, 726. Here the policy
holders paid In premiums $8e6. $50 more than The
total Are losses. Tho ratio Of losses to premiums
was 40 4. and this ratio OF e1penses TO premiums
was 35.4 The expenses over and above losses and
dividends were $5s5, 1884, md the Company paid
cash dividends If $50,l43 Oh o capital Of $50D,0o0.
WHAT TEE FIGURES Stow.
These figures certainly indicate that the big
Companles are making plenty of money and
Spending 1t pro!ligatoly. The figures for expenses
over and above the FIRE losses and dividends sre
not indicative Of economy, but do Indicate why
the officers or the Companies consider It 90 neces-
sary that rates should be raised and revenue In
creased.-Eetr York World.