The herald-advance. (Milbank, S.D.) 1890-1922, 1903-04-17
ANIMAL STATEMENT
Central Life Assurance Society,
u. s., OF Dcs MoineS.

Central Life Assurance Society,
u. s., OF Dcs Moincs.
Organized under the laws of Iowa, made
to the Commissioner of Insurance of
the State of South Dakota, in pursuance
Geo. Il. Peak. Vice President, w. l..
Shepard, Secretary, H. G.. Everett.
principal office, Observatory. building,
Of process in the State of South Dakota.
INCORPORATED Feb. is. 1881. Commence tsanb1en
business Feb. %, 1896.
CAPITAL
Amount Of capital stock. ....... S25, OOO.O 90
Amount of capital subscribed
out unpaid ................ OO,0OO.0O
ASSETS OF THE COMPANY.
Mortgage loans on real estate. .$115.2 OO.O 90
Loans made to pOlicyholders on
this company's policies as
signed as collateral. .......... 90, ISL. SO
Premium notes on policies in
force 5,OS9. q
Cash in company's OtfiCe........ 5,12O.69
Bills receivable .........,..... 7,011.97
miums meD 10, 799.64
Amount of interest due and &C
crued 2,47214
etc $4,000
Aggregate ledger and other
Deduct assets not admitted and
for depreciation:
Furniture, fixtures and Safes. 10000
Agents debit balance. .......... 61446
Supplies. printed matter and
stationery 100000
Total 50, 174.46
Total assets STA 615 81
LIABILITIES.
Net reserve ................ .Sll9,Soi.UZ
Premium notes or loans on
policies and other obligations
IN excess of the net value Of
their policies ................. 1,927.62
Claims for death losses which
have been reported and no
proofs received ............. 1,OOOOO
Amount of all other existing
claims against the company. ........
account ...n.......... 1922, 7e4.e4
capital stock paid up.......... 80, 1867
Total STA, 961.5 81
INCOME DURING THE YEAR.
Amount of cash premiums re-
ceived on new policies, no eX-
pense deductions ............. SAL, 5e6.4o
Amount of cash premiums re-
ceiVed on renewals, no eX-
pense deductions ............. &C. 3O4.S SO
Amount of surrender values re-
ceived applied to purchase Of
paid-up insurance and annui-
ties 97.55
Ali her receipts from policy
hoiuerS ........
From interest upon mortgage
loans 3.564.6s
FROM interest on premium
notes, loans or liens. 1.S46.9O
$113, 1904 IL
Deduct amount of premiums
paid to other companies for
reinsurance on policies in this
company 214.73
Total income .S1l3, 165. 6S
EXPENDITURES DURING THE YEAR
Amount paid for death claims
arr additions ............... $40. 10000
Amount paid for matured en-
Surrender values paid in cash. 6o7.o2
Surrender values applied by
policyholderS to purchase
paid-up insurance and annui-
Amount to Observation-Disclosures. $500.
Amount of commissions and
salaries paid to agents....... .......
Amount paid to officers for SAL
aries and other perquisites. -. ........
Amount paid for taxes, rents.
advertising and department
Amount OF ali other payments
and expenditures ............. ........
Total expenditures ......... $11. 4O4. ST
CONPANY'S STATEMENT OF BUSI-
NESS TRANSACTED IN THE STATE
) OF SOUTH DAKOTA DURING HI
YEAR.
Whole amount of premiums re-
ceived in or from the State Of
South Dakota during the year. 50. 356. q
Amount paid for losses in South
Dakota during year.......... None
fLIFEl
STA OF 4 "a, COUN rY OF POLK
SIS
Everett, Secretary, of the Central Life
Assurance Society of the United States,
being duly sworn, each for himself de-
poses and says that they are the above
described officers of the said company.
and that on the thirty-first day of De-
cember last all the above described Assets
We're ne absolute property of the said
Company, free and clear from any liens
and Claims thereon. except as above
stated. and that the foregoing Statement,
villa the Schedules ana explanations here
in ontained. annexed, or referred to, are
a full and correct Exhibit of all the AS
sets. Liabilities. Income and Disburse-
me,Its. and of the condition and affairs
OF the said COMPANY on the said thirtv-