Waterbury evening Democrat., 1904-03-29
INSURANCE MATTERS.
Commissioner CT Upson's Report Given
 to Governor Chamberlain.

Hartford, March 29-The second part of the report of the state insur- ance commissioner, Theron Upson, was submitted to Governor Chamberlain to- day. It covers the business done dur ing the year 1903 by the life, casualty, fidelity, surety and miscellaneous com panies in Connecticut, and includes also the reports of the receivers of the Connecticut Life Insurance Go of Wa terbury and the National Life associa- ton. It is announced that part three of the report dealing with the condi- ton of secret or fraternal societies will be submitted to the governor about May 1.
 Commissioner Upson> says the total admitted assets of the thirty-one life insurance companies doing business in this state on December 31. 1905, amounted to $2,175, ,467.20( an increase over the previous year of $160,755,- 39S.48. The policies in force December 31, 1903, were 17,933,S4S in number and 1O,595, ,519,45 i'll amount
 notwithstanding the remarkable depreciation in the market values of the bond and stock Investments of the insurance companies during the past year." says the commissioner, "the companies generally show in their an nual statements a very satisfactory financial condition. So far as the busl- ness of the year is concerned, the op- Eerations of the companies show results that compare very fayoTably with the good records made in previous years. Along al 1.-the lines of life, casualty, surety and miscellaneous business there is shown steady increase in volume. and. this growth appears to be of q solid. substantial and permanent character
 During the year four life and mis- cellaneous companies were admitted to do business ill Connecticut and two miscellaneous companies withdrew, the total number of life companies doing business, thirty-one, being two more than last year. There are no as sessment life companies operating in the state.
 Compared with the previous year, there was decrease of 4,S40 in the number of life policies issued in the state in 1903, and decrease in the amount of such policies of S1, ,327, ,5O6. The total number issued in 1903 was %, ,0S5. and the total amount was S31,- SS6,43S. Connecticut companies is- sued 15.32 per cent of the total num- Der and 2O.56 per cent of the total amount of ordinary insurance issued during the year in the state. The in dustrial policies issued were 46.92 per cent Tn amount of the total.
 Summaries are given ill the report showing the comparative standing in 1902 and 1903 of the twenty-nine com. panies which did business in Connecti- cut in both years. The total premiums received by these twenty-nine com panies show an increase of $36,S 6,S12,- O951o for 1903 over 1902.
 The total premiums received show an increase of $36,S12, ,O95.1O for 1903 over 1902, and the total income an in- crease of $42.4o2, ,365.75, The total amounut paid to policy holders in 1903 was SPA, ,525. .45S.42 more than in 1902. and the total disbursements $35,639, S52.35 more.
 The net reserve on the policies in force in the twenty-nine companies un- der consideration was $1.6S4, ,252, PABLO in 1902 and $1.S4S, lie, ,294.34 in 1903. showing an increase in the latter year of $163. .S64 04o.24.
 There were thirty-four regular com panies 4icensed 10 do accident, casual ty, fidelity, surety and miscellaneous business in Connecticut on December 31 1903. the same number as at the end Of 1902. Oh Connecticut business these thirty-four companies received $53S, ,0SO.S7 in premiums and paid $135, ,615.12 for losses during 1903.
 The reports of the regular quadren- nial examinations of the Connecticut General Life and the Connecticut Mu- tual Life Insurance companies, made under the direction of Charles Hughes, the department actuary, are included in the commissioners report.