The Saint Paul globe., 1902-03-16
MADE BIG PROFITS
COMMISSIONER DEARTHs REPORT
ON LIFE, CASUALTY AND FL
DELITY COMPANIES
ENORMOUS GAINS IN BUSINESS
Only 10000 Old Line Policies in
Force, Which Means Good Field
for Agents to Work-Sta-
tistfcs for Year.

State Insurance Commissioner Elmer
II. Dearth yesterday issued preliminary
statement of the business done in this
state during the year 1901 by casualty
lie and fidelity insu- ance companies. The
hre insurance report was issued several
weeks ago.
The companies, exclusive of fire insllr-
ance companies, wrote business to the
amount of $152 429, 423. SO during the year.
The Total premium on this business
amounted to $S18,02819. and the losses
amounted to 1914, $685. leaving a net
profit above all losses and expenses of
half a million dollars
OId line companies, exclusive of in
dustrlal business, wrote $25, ,435, 1856 of in
surance during the year. a gain Of $4,575,-
3Sl. over the previous year. Industrial
risks amounted to $2,943, ,4S2 a decrease of
S3UI,51G The total insurance in force Dec,
81, held by these companies was $l36, ,538-
S5z, an increase over the previous year
of over $26,000,000 The total number of
pohcles In force were 105, ,40S, of which
4,5S6 We're industrial. The total premiums
received by this class of companies We're
$4,5I6lH.l9, an increase over the previous
year of 797,073.22, while the losses were
l,583 065.4S, an increase of 5000, ,416.6S.
The report of the commissioner presents
these general statistics
exclusive of industrial policies there
are only 63,S72 held in Minnesota, which
means that not over $4,000 persons in the
state carry old-line insurance This the
insurance commissioner concludes, is a
sign that there is plenty of work in sight
for agents of these companies
There are only two stipulated premium
companies operating In the state. They
wrote 3d. 7O3,S50 in 1901, and had $500, 500
eod oh poleIes Ies IN force at the end of the
SITS, ,52S54 with losses Of $119, 200.
personal accident insurance written in
l90l l 1 aggregated $71,581, ,935, as against $780,
10y 993 the previous year Premium re-
ceIpts were $3.50, ,052 rs, an increase of s22-
500 ~ y az Losses were $l00, ,046.40. an increase
Employers liability insurance was writ
ten to the amount of $25 100, SAG 20, an in
crease OF S3,4l5,963n over 1900. Premium
receipts rec 1 were $249, 1861, and losses We're
$137, 45, increases of $11,121.77 and SO.
44l.37, respectively.
Money In Glass Insurance.
Plate glass insurance was very nrofita-
BILE: Insurance written was 81, ,564, ,812 SO,
which was $171, 223.76 more than 1900 The
premium income n on was $S5, 5,485.40, an in
8l4;68, an increase of $5,180.87.
al Fddellty do4 Iiy insurance bopds written were
SSS, go, l67. .l6, an increase of $6,194, 428 Sc
$157 7,5O0.14 and losses only $29. .420. SO.
Premiums increased $685. % over the
previous year, while losses fell off $63 IS.
SECURITY bond business decreased $3.50, :
$l0,676, ABE. 50. Owing to higher premiums
the receipts increased $2528.50, amounting
to $41,7O6A. The losses We're only 81, GIL 92
COO. 80 = 1i-O-'0A % u PAU
Steam boiler insurance was written to
the an amount o.. $3,109,268, an increase Of
and losses Sc, $500.
Burglary insurance more than doubled
over the previous years. Risks written
were So 500, 1885, as against ST. $50 848 for
lAJU. Premiums received ~
as against $l5,598.I4 and losses more than
doubled, being SIG. ASH, as against S7119 IS
for 1900. The insurance commissioner
says:
Whether this casts a reflection upon
the efficiency of the peace officers of the
| state, in other words, the various police
departments, or whether it is an indica-
ton that there is more property to be
burglarized, is problem for penologists
to SOlVe.'
Health insurance written increased from
$389, ,525 to $1,1S1, 536. Premiums were SILL
l5.04, and losses, So 62S.37.
Sprinkler leakage insurance written was
| $320, SIS, a slight decrease. Premium re-
ceipts were $3,82619 and losses 5000.
Title insurance companies wrote ST $685.
375 of risks, and received SO, 443 45 in pre-
| miums.
Fewer Assessment Companies,
Assessment life associations showed a
marked falling off owing to the desertfon
Of three large companies. The total
amount in force Dec. 81 was 49, 9O1. .705. as
against SOL, Uo0, 669, showing a decrease even
among the companies which still write
this class Of business, and the insurance
commissioner predicts that in time this
class of insurance will be obsolete except
in fraternal societies.
Assessment accident insurance in force
| decreased from $9,907,5T to $3.50, ,290.
Fraternal societies have increased in
membership from 102.595 to 1880. and
insurance in force has grown from S146
l66,O00 to $164, 948, $50. The total amount
| received from members was 81 ,254, Isl. 81.
an increase of $262. .1O9. 80. Total losses
| We're $7S3, ,242. 43, an increase of $133, ,027 96
In most of these societies the rate Of pre-
| MUM collected is insufficient to secure
future permanency, but a disposition to
adopt higher rates is noted, particularly
through the fratesnal congress Mr.
Dearth recommends uniform laws re-
quiring such societies to adopt uniform
tables of rates.
During the year twenty-five companies
Withdrew from the state, three of them
JOINT stock casualty, six assessment life.
ten assessment accident and six fraternai
societies.