New-York tribune., 1896-05-04
VAST SUMS IN INSURANCE.
SUPERINTENDENT PIERCEs ANNUAL
REPORT.
ALI. THE DOMESTIC CORPORATIONS DECLARED
TO BE ON SOLID BAsTs-RErALIA-
TION ON PRUSSIA URGED.

IlON ON fktsSlA tnpEb'
Albany, May 3.-The State Superintendent OF In
surance. James F. Pierce. has issued his twenty
seventh annual report. which reviews the business
OF life, casualty. title credit mortgage guarantee
and assessment insurance companies for the year
1895 The gross assets OF life insurance companies
doing business In this State on December 81 last
$l.l424l9.92s. an increase OF ~o."szS an
compared with the previous year. oi tnis amount
New-York State companies have $685. 2oiss. an n-
crease OF x3 o6S S5; companies OF other States s2.
sss 49, an increase OF s3sOlsios The aggregate OF
premium notes and loIns shows increase OF ~.
Al 3o2 during 1895. while deferred and unco'lected
premiums have increased s394.726. The total liabi-
ties OF the several companies. exceptiny SsoSo OF
capital stock are 1882 S69.752 The increase during
the year was s66 607S s+ The liabilities OF New-foTk
State companies as reported are $5ss 4s7.6ii: COM
pan.es Of other States s39a2O2.il The gross dvis-
bic surplus is: New-York State companies. soo.ss.
s47 companies OF other States, $S7g326 aggregate.
$780, 75O,174
The aggregate receipts Of New-York State COM
pa nIes for tho year Sl65.si0.35. an increase
1894 Of A.225S5l other States companies sloo-
s5s ss7 increase ssOf732 making the gross receipts
S2eS 20 and the gross Increase the receipts
Of the preceding year $io.272 ia The excess OF
receipts over disbursements for 1895 was ssi.laso.
while for 1894 It was s7s.7si.lH The total premium
receipts for 1894 $685. o3; for 1895. s25ie3o
The disbursements CT the year were ss5.772so2. an
Increase OF $780, $50 compared with the preceding
year: 1921 paid for claims: s22sss% foS
lapsed and surrendered policies; sl52gI.S8 In diva
dends policy holders; $432 In dividends to stock
holders: SO sO4iS5 for commissions: sl5.5169 for
salaries and medical examiners fees. and s6.6H.sS
for miscellaneous purposes. This classification
shows that $12297s.7s paid to policy-hoiders.
while the cost OF management, including dividends
to stockholders. was ss2 79i.la
During the year the New-York State companies
issued 207 93s policies. insurng S2i5o3oo. and ter
Qs-
companies OF other States issued l5ss29 policies In
sur,ng $40 O325l5 and terminated 9sl73 policies in
curing $2249l9l27 The aggregates OF the above are
3ss5e policies issued nsurfng 1854 s5.53 and 25l.
S79 policies terminated insuring s652. 2.eoiiS. Com
pared with 1894 appears that the companies issued
30Z7S policies less last year and decreased the
amount of insurance written 500 704.4H There
were 1914, less policies terminated in 1895 than in
1884, and $ls4 4736 less insurance The above does
not include the industrial business.
At the close OF 1895 the companies doing business
In this State, excluding industrals. had l.sII.SS
policies In force. nsuring Asis7o,945 classified az
follows: Whole nfe ls34.5l9 policies. insuring Sa7.-
lISOe5; endowment 46ls47 policies. insuring N.ioe.-
507. .s32; all other. including term and irregular
policies. sl.32 policies. nsuring s254io9oao total
amount OF additions to same. Wiil.ols
The business done In this State during the year
1885, exclusive Of 'Industriar' business as fol-
lows: Policies In force. 22'5. insuring s7l2s7ios3:
issued during 1885, 46.6ss policies nsuring sl52soss;
premiums received SIS 0l6.36s So: claims incurred.
Nl.s2s033 %; claims paid. sl2.OsS22i25
The assets OF the twentyfour casualty and fidelity
companies reported be s2509l.s6o: liabilities,
except capital, sl. 22ssl II; capital. s95sss0; net
surplus 81 sS97 2s; receipts for the year. s533s-
7S7 55 disbursements s34 7S5 81 risks in force. 81
5s7 2ss 295
The Department has securities deposit for the
protection OF polcy-hoders aggregat.ng y6.5f07H.
The receipts OF the Department for the year were
Sl97 $40 and the disbursements $i+i515.
Superintendent Pierce says that investigation OF
domestic life insurance companies extending over
several years SHOWS them be worthy the entire
confidence OF the public with exception that OF
the Commercial Alliance Life Insurance Company.
in the hands OF a receiver
The Superintendent reviews at length the action OF
the Prussian Government In excluding three Amert-
companies from doing business In that State.
and urges strongly retaatory measures.