The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-05-12
BY COMMISSIONER Belts
his ANNUAL REPORT 10 THE COY
ERNOR or THE STATE

Regarding the Life and Accident Insur-
ance Companies Doing Business in Con-
nectlcut,
Hartford Conn, May 11,--Part II. of
the annual report of Insurance Com
missioner Frederick A. Belts was pre-
scented to Governor Coffin this evening,
1t contains a statement OF the business
of the life and accident insurance COM
panies which are authorized to tram
sact business in this state for the year
ending December 81, 1885, and reports
their condition In detail.
Five assessments, one accident, and
twenty-four secret or fraternal compa-
MES have been admitted during the
year, and four have withdrawn. These
are the Park City Life of Bridgeport,
Home Mutual Benefit of Danbury,
Provident Aid Society, Portland, Me-,
United States Mutual Accident Associ-
alton, New York.
Fixed Premium Life Companies.
There are rs companies % Connecti-
cut, % of other states) doing business
on the fixed premium plan with assets
of ST. 13S, 176,5 2S, an increase of S4920, 400
during the year, a gain of over per
cent, Their liabilities, except capital,
aggregate 1881, 7S7,790, an increase OF
$67, SIS, 656, or 4-10th per cent. The net
premium reserve, which constitutes the
greater part of the liabilities, is nearly
$3.50, 900, 900, and the liability for claims
is nearly $4,000, 900, AN increase in the
reserve of $64 900, 900, and in absolute IL
abilities of SO, 1873, 1888. The surplus OF
these companies is $156, 3SS, 1885, an in
crease of ST., 341, 799. The surplus of the
five Connecticut companies alone de-
creased 1896, 223. The increase in sur
plus is u IL per cent, as against q
per cent. in 1894. The gain In surplus,
excluding capital is less by $25O,ooO
than the gross surplus gain, the Aetna
Life having increased its capital IN
1895 by that amount. The total income
of the 2S companies was S265, 2l1, PSI, or
$12,303,2S5 during the year, per cent.
increase as against over per cent. IN
1894. Premium receipts show gain OF
$780, 032, or per cent.
Outgo, Profits and Business
The total outgo was $1S6, 164,927 or
nine and one-quarter millions more
than in 1894. The profits Of the years
business were $32, 310,914, about six
millions of which came from apprecia-
ton in values. AS compared with the
business of 1894, there was decrease
in profits of about four million dollars
aside from the difference in rise of val
ues, which was smaller than In 1894 by
nearly three million dollars There
were 10,605 policies less written in this
state than in 1894, and decrease IN
insurance written of $1,249,25S. This
loss was by the companies Of other
states, as Connecticut companies show
an increase of about 100000. The
whole amount in force, however, is in
creased by over five and one-half mil
lions, gain over last year of four mil
lions. Losses paid were less by $4,000
than in 1894.
The new business written for the year
by the % companies amounted to about
eleven hundred and ninety-four mil
lions, and the examinations to nearly
nine hundred and seventy-five millions,
making an actual gain in outstanding
insurance of two hundred and nineteen
million dollars.
Risks Outstanding 1894 and 1895.
The following table shows the out
standing risks in 1894 and 1896:
Number and amount of policies in
force December 81, 1894-Five Connecti-
cut companies, 211, 53S policies for s424.
454,S89; twenty-three other companies,
S,040,304 policies for $4,923, 1927, 261; total,
8,251,84 policies for $5,347, 1872, 150
Number and amount of policies in
force December 81, 1S95-Five Connecti-
cut companies, 21S,006 policies for $437,
487 092; twenty-three other companies,
S,21O,O31 policies for $5,129, 52S, 462; total,
S,42S,037 policies for s5,567 ,o15,55
Gain of 1895 over 1894-Five Connecti-
cut companies, 6,46S policies for $13 $685.
203; twenty three other companies, 1885,
727 policies for $2O6, 2O1,2 POI; total gain
176,195 policies for $219, 233. 4o4.
Nearly eight and one-half million
policies and over five thousand five
hundred million dollars of insurance
was outstanding at the end of 1895, the
increase for the year being about five
millions less than in 1894.
Assets, Liabilities and Surplus.
The following is q summary compari
son Of assets, liabilities and surplus,
1894 and 1895:
Twenty-eight companies December
81, 1S95-Assets, 81, 1873, 176, 52S; liabilities,
1881, 787, 100; surplus, s156, 3SS73S; pre-
MUM reserve, 1865, 941 1892
Twenty eight companies, December
81, 1894-Assets, s1,053, 256,0 liabilities,
1914 POS, 1874; surplus, $139, 046,939 premi-
UNI reserve, $9O1 ,702,444.
Increase of 1896 over 1S94-Assets,
$S4, 92O.455 liabilities, s67, SIS, 656; surplus,
$17,341, 799; premium reserve, s64,239, 53S.
The increase in assets, liabilities, sur
plus and premium reserve in 1895 Is
given above for twenty eight compa-
mics. The twenty eight companies
shown III the comparison last year in
creased their assets $50, 971, 730; the liabil-
tiles, s59,274, 238; the surplus, S23, COZ ,492,
and the premium reserve, 1862 456
during 1894 Comparing these figures
with the increase of 1895, shows that
the increase OF liabilities in the latter
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