Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1903-05-12
INSURANCE COMPANIES.
Over Three Hundred Per Cent Profit
in the Business in New Mexico.
SOME INTERESTING FIGURES.

The business done in New Mexico
by insurance companies during the
year 1902, reflects to a certain extent
the business prosperity of the terri
tory. The following figures are taken
from the annual report of the insur-
ice department Of the territorial aud
itor, covering the business of all insur-
ance companies legally %transacting
business in New Mexico during the
year 1902, the report having just been
printed. There are twenty-five life in
companies doing business in
New Mexico, which on December 81,
1902, had SSH policies in force,
amounting to $14,444,07 OF this num-
Der 1,475 were issued during 1902,
amounting to $3,O95, 1854. The losses in
Cured during 1902, amounted to $137,-
44O.10; the losses paid, s131 ,649,35; the
premiums received $462 ,046.39 and the
policies that ceased 81, sol ,143, show
ing that as far as New Mexico is con
cerned there must be something like
800 per cent profit in the life insurance
business.
The company doing the most bust
ness is the New York Mutual Life with
1907 policies. amounting to 1866, 1913
in force and 2S6 new policies written
in 1902, amounting to 1854, 635; while
the death losses paid amounted to &c.,
685 So, and the amount of premiums
roIIactad m S11Q QEQ
Other companies having yer 100
policies in force are: New York Life,
LASS; Equitable, S95; Union Central,
361; Germania, 2S9; Northwestern Mu-
tual, 1852; Washington, PIG; Union Mu-
tual, 146.
or the fire insurance companiei
there are twenty-five legally doing
business in New Mexico anG.they too
show a good profit on their business
in the territo--J. The amounts of risks
written in 1902 was SIS, 550,06S.3 2, the
companies writing over a million dol
lars being the Liverpool and London
and Globe Insurance company, ST.
6S3, 1871; Firemen's Fund, s 1881 ,5S7;
Royal, s 1,30s, 203; National, 81, $50, $50;
Hartford, s1,240. $40; Springfield, ST.
log .007. The losses incurred during
the year 1902 amounted to $105 ,341.50
the losses paid, 1913 ,640.66 and the pre-
miums collected to $27O, 39O.97.
OF miscellaneous insurance compa-
mics doing business legally in New
Mexico there are eleven, which wrote
risks in 1902 amounting to S2,916,
414.08, those having written over 800,
900 being The Continental Casualty
Co, 81, $50, $50; United States Fidelity
and Guaranty company, $542 ,957.SSi
Travellers Life Insurance company
s224,803; American Bonding company
S194, 800; Fidelity and Deposit compa
ny, 1926, SOC.
The mount of premiums collected
was $50, 971.5S; losses incurred, $22,
bo4.90; losses paid, 500, 952.42; not on
of the surety companies sustaining
cent of loss; the amount at risk on De
cember 81, 1902, was S4,366, 963.99
The report was compiled by Terrific
rial Auditor w. @. Sargent as ex-ofici'
insurance commissioner. 1t is valua
BILE and interesting. The i~nsuranc
companies, life, fire and security, eel
tainly cannot complain at the bushes
done by them in this territory. TIL
figures in the report prove that the ba
ances are largely in favor of the insul
ance companies.