The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-03-17


to over eight and one-half million dol
lars, and in liabilities to over million
dollars.
The increase in assets during 1895 was
two million dollars greater than the in
crease in 1894, excluding the increase in
capital stock.
The net surplus gained by the stock
holders during the year amounts to ST.
550996, as against gain of $7,526,S27 in
| 1894.
The surplus increase and the divi-
dends taken together show the earnings
of 1895 to have been $16,121,977, gain
over 1894 of 81, 1861, ,S07
The total income in 1895 was $127,220,-
497 and the total outgo was $118, ,5S1, $780,
The excess of income over expenditure
was $S,639,257, this excess being little
larger than the increase in assets.
There was a gain in premium receipts
in 1895 of $132,S47, Connecticut showing
an increase of 9,591, and the other
states and countries falling off $685. 744.
The increase in fire premiums of the
companies other than Connecticut COM
panies, amounting to $3S3,156, and the
decrease in marine premiums to $479,9O0,
accounts for the falling off.
The amount paid for losses in 1895
was nearly $4,400,000 less than in 1894;
the expenses were greater by $1,300000,
and dividends paid were larger by over
100000, and, including the balance of
remittances to foreign countries as div
idends, the excess was 81 ,349, 592.
There was an increase in risks in
force at the end of the year 1895 Of
| CEQQ i,, ,ie1yc ,iy,cr
the year of $459, 1872 1884 There was no
noticeable change in the premium rate.
There was an increase of risks writ
ten in this state of $23,617,937, and in
premiums of $15S,579, and an increase in
losses incurred of about $50, 900, the per-
centage of the losses incurred to pre-
miums received being tLe same nearly
as last year.
/ MARINE AND INLAND NAVIGA-
TION INSURANCE.
| There are nineteen fire companies
! that carry on the business of marine
or inland navigation insurance, and
two companies that transact this line
| of business exclusively, viz: The Ma
rine of London and the Union Marine of
Liverpool. The amount of insurance
written by the twenty-one companies
during the year was 81 ,243, ,02S, ,791, and
| $106, 1884 was outstanding at the end
of the year. The years premium re-
ceipts amounted to $6122,463, an aver
age rate Of forty cents per hun
dred dollars, twenty-six cents less than
the rate for the previous year. The
losses of the year were $4,610,312, or over
seventy-five per cent. of the premiums,
and twenty-five per cent. larger than
the previous year.
/ CASUALTY INSURANCE.
There are eleven companies engaged
in casualty insurance in the state, two
more than last year, the United States
Casualty company of New York being
admitted during the year and the Mu-
i tual Plate Glass and Safe of Union-
ville Conn, organized in July, 1895,
They have assets of 81, ,264, ,956. AS; liabili-
ties, Including capital, Sc, 166, ,4S8.64, and
surplus, $1,09S 467.S4 They have $4O4,-
800, 564 at risk and received 81, JAS, ,524.29
in premiums.
FIDELITY INSURANCE.
| Six companies carry on the business
of fidelity assurance in the state, the
Lawyers Surety company of New York
being admitted in May, 1885, This COM
pany has a paid-up capital of $500,000.
The combined capital of the six COM
panies is $4,750 900. The capital of the
American Surety was increased $500,000
during the year, and that of the Fidel-
ity G. Deposit company $250,000 They
have risks aggregating $S77 ,469,41, re-
ceived $2,039 9329.01 in premiums, and
have surplus over all liabilities of ST.
29S S92S.21
The condition of the fire companies
doing business in Connecticut has ma
terially improved over December 81,
1894. While market value of assets are
about the same, the volume has in
creased, and also the surplus in still
greater proportion, Notwithstanding
that more was paid out in dividends
and that the rate of interest earned
in 1895 has fallen from a little over to
a trife under per cent. on mean as
sets. More risks were written in 1895
than in the year previous, and larger
amount of business was outstanding
December 81, 1896 The ratios of ex-
penses and losses paid to premiums re-
ceived are respectively 35.16 and 57.36
per cent. for the year 1895, against 3D. 10
and 81 81 per cent. for 1894. No doubt
these improvements are due somewhat
to the reaction from the panic of 1893.
The receipts of the department dur
ing the year from taxes, valuation of
policies. agents certificates, licenses,
filing elements, etc, were $62, ,69716,
which has been paid to the state treas
urer.
Last lights Dances.
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