The sun., 1903-05-04
INSURANCE REPORT.
Contlit ion OF the Life Companies Last
Years Business.

Al RANY, May a--The gross assets o
| life insurance companies doing business
in this State at the close of last yea
were 81, ,o82, ,A3O,so4. an inorsase durinl
the year OF Sls2 SOC, ,24O. or this amoun
New York State companies have 81 ,254 ,44o,
930, an increage of STA o2e, 500: companie:
Of other States, 3so7 $3.50 .s74, an increase Of
ee7.s7o.7l0. The aggregate Of premium
notes and loans shows an increase o
1884,. .46l2s during 1902. while deferred and
uncollected premiums have increase &c
SS,457,ll7- The total liabilities of these
companies. excluding gross surplus OF
slee. .ss2 sos and special funds of sleO, ,el7 ,5s4
are sl,734, ,510.a4O, On the above basis
the liabilities Of the New York State com.
panies ~ reported are 1907 ,s25,i7s; com.
panies Of other States. $500, ,895, 1877. For
New York State companies the gross sur
plus Cncluding s3,29o0C0 of oapitaD is
ses,33a7.esll. special funds sl2l,27s,l24;, com
panies of other States. surplus dncluding
$o,425,5oo Of capitaD is S7l 1855, ,2eB, special
funds $50 ,630.439. aggregate surplus and
special funds 1927 $40 463.
Last year the aggregate income of New
York State companies was 93oll ,s23, an
States companies sls5 l24,44s. increase
sl7,375.7ls. making the gross income t4ss.-
73s, 272, and the gros increase over the in
come Of the preceding year S5O,sOO .sC2,
The net excess of income over disburs O.
ments for 1902 was $l75,sO4,7l8 while for
income for 1901 was 3348, 1870, ,o52; for 1907
SS99 .s32.4l0.
The disbursements for the year were
$s12, 1881 $50, an increase of t25. .75O,5lO COM
pared with the preceding year. SAP III ,0O4
was paid for claims. 26,346,l2i for lapsed
and e,,rrop5ore1 nolicias 400 In
dividends to poicyholders, $500. COS on sup
Elementary contracts not involving life
contingencies, $744 1884 In dividends to stock
holders, $50, ,4O4 .823 for commissions, $780,
o49. .787 for salaries and medical examiners
fees. and $27,7ls,9 ,99+ for miscellaneous pur-
poses 1t is shown that lo8.ol3 .535 was
paid to policyholders, while the cost of
mana cement, including dividends to stock
holders, was 31l6,e1s,Ol0.
A tahulation Of last years life insurance
policy record shows that the New York
State companies issued 572 1924 policies, in
suring 81 .04l ,03a a70, and terminated 28O,347
policies, insuring 1881 ,s2O.2s The COM
panies OF other States issued 334 PAT policies,
insuring 3604 ,879,2ll and terminated l7O,s7s
policies. insuring Ssls lOs. Compared
issued 1924 policies last year. and
increased the amount of insurance written
Sl75, ,895, ,294. There were 89. 1850 more policies
terminated in 1902 than in 1901, and S72,-
SS2. .220 more insurance.
The increase of policies was 495 ,729, and
Of insurance $s87 .8iO547.
On Dec. 81 last the companies doing
business in this State had 1854. 1893 policies
in force, insuring ss,440.7 0.7l3.352, classified
as follows: Whole life. 2,5es.6lO policies,
insuring IS, ,S6s see, ,e03; endowment. JIG 09i
policies, insuring s2,ls5. 1872 .oOO all other,
including term and irregular, 272.4 poll
ciee, irsuring $6sI PCS, ,SO8; total amount Of
additions to same, SlO5, ,396. .443.
The life statistics. including industrial
business, show: Policies In force, 3,s78, ,.ss,
insuring 81 IA ,o4s 1886: issued during 1902
a4S.e53 policies, insuring S385. .l95 55i; pre-
miums received, SOS ,020O47; claims in
CURED, $23 SOC, ,9l5; claims paid. $23, ,782, ,55s.
The assets of the thirty-five casualty
and fidelity companies are reported TO I've
2is,ss2: capital. $40, e,se4 800: net surplus
tl7,51e.79s; income, 3s4 ,2el ,568; disburse-
ments, $3O,0ll, ,7sl; risks In force, s4,ol0,-
852 III