The times. [volume] (Richmond, Va.) 1890-1903, 1899-12-31
INSURANCE MEN
ARE GRATIFIED
Great Interest Manifested in Their
Branch of Business.
THE 0NC0MIMG YEAR
What &c Promises TO the Insurance
Man from its Present Status.
Interviews With PrOmi-
nent Agents Here.
THE 0NC0MlNG YEAR

Following are several interviews with
prominent insurance men of Richmond.
The general status Of prosperity. from
the Insurance mans standpoint at this
time, wears a most gratifying aspect. and
the general advance and interest manifest
ed in the insurance world continuing
through the coming year will make It an
era In their history.
This branch Of business has been excep-
tionally encouraged this year and all the
agents unite in procaiming it the most
active and prosperous season yet exper-
fenced. 1t Is but meet that the insurance
business should keep pace with the gen
eral prosperity. There has been very
broad advancement and IL has spread It's
influence over al classes.
Within the last few months especially
has the insurance world been particularly
active and with this to bear them or,
there is no wonder that the business men
look TO 1900 as a season particularly 10
be desired.
LIFE INSURANCE CO. OF VIRGINIA.
The Life Insurance Company Of Virginia
operates as far North as Washington, as
far West as Indiana and as far South as
New Orleans and has large number OF
superintendents and agents and two nun
dfed and twenty-five thousand policy
holders scattered throughout these widely
separated sections Of the United States.
IL is naturally in a position TO gain
very fair idea not only OF the conditions
OF life insurance business. but Of the
general business conditions OF the coun-
try.
In our opinion. based upon careful OBJ
servafion and comparison. the business
conditions Of the country have not in any
year during this period been upon
hrmer or more encouraging basis than
they are to-day.
Life insurance business during the past
year has received its full proportion of
the prosperity which has spread over the
cocntry. and the close of the year will
show more satisfactory results than for
many years past.
The year Just closed will show an in
crease in premium income Of about seven
ty-flNe thousand dollars over last year
and an increase I'm Insurance in force of
nearly two million dollars, giving a total
Of about twenty-three million dollars Of
insurance IN force. It's collections or
premiums during 1879 have been much
better than during 1898, more particularly
business written during the last six
months Of 1899 has been fifty per cent.
greater than during the first six months.
It's organization in The field was never
as strong as It is to-day. The prospects
for the year 1909 are most flatterng ana
il is confidently expected that the income
from premiums next year will pass the
million dollar mark
PENN MUTUAL LIFE INSURANCE co.
OF PHILADELPHIA.
Captain Cunningham Hail. the general
agent Of the Penn Mutual Life Insur-
ance Company. being asked concerning the
business eI his company during 1893. and
the prospects for 1900, replied "The gene
raj business of this company throughout
the whole country has been unprecedent-
edly good. Without any special effort
on the part of the management and
without any increase of the expense rate.
this old and reliable company has written
during 1899 the largest business ever is
sued by il IN any one year, and after de-
Quoting the losses by death surrender
and lapse. the ret gain for the year viii
largely exceed that of the previous year.
The Virginia business has been very good.
and although competition has been strong
er than ever before. my agency has pro-
duced the largest amount Of new business
ever recorded by 1t during our eleven
years experience in this State.
! believe nearly all Of the regular odd
iine) companies have had a good year.
and will show increased business in force
when the annual statements are made up.
There are several reasons for this, one of
which is the general Improvement in bus
mess. People with capital whether with
Sloe or million. have been turning il
ha
life insurance. knowing shat no other in
vestment gives the protection to family or
estate that life insurance provides.
Life insurance is a progressive science
and KEEPS fully abreast OF the times. and
in none Of the financial institutions Of the
world to-day Is greater progress shown
than in the immense business Of life in
surance. / look forward to the future
with confidence and believe that the year
1900 will show continuation of the pres
ent favorable conditions"
EQUITABLE LIFE ASSURANCE so
CIETY or THE T.. 5.
Mr.. f. w. Banner general agent Of the
Life Assurance Society Of the United
States, said:
"The business Of the Equitable Life As
surance Society Of the United States dur
ing the year 1S99 was most satisfactory
Especially is this true in the territory of
North Carolina and Richmond Va We
wrote during this year twice as much
business I'm this territory as was written
in 1895 and Of n very satisfactory char
acter The Equitable Is to-day I'm a most
fiourishing and prosperous condition We
feel that the outlook for business next
year is good and We believe that we will
accomplish during the next twelve months
considerable more than VIC have during
The past. In soliciting for life insurance
we do not hear the complaint Of hard
times that We have been hearing Tor the
last four or five years. on the contrary
in the territory / control for the Equitable
1 find the people arc prosperous and
making money"
Y Y IIEE INSIrRA N(,E, 90