The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-05-15

THE GERMANIA LIFE INSURANCE COMPANY
: P prn Office New York City lorganzed
Heye, secretary. Attorney to accept service in
Minnesota: Insurance Commissioner. Cash CAPT
INCOME IN 1904.
First years premiums .......... $675SS249
Renewal premiums ............. 1862 1923
Dividends and surrender values APP
piled to purchase paid-up insur-
ance and annuities ............. 1aa, es2 4s
Total premium income 1890. $4,47s, 24o.15
Rents and interest .....,........ 1922, 842. 2s
Total income ............. $6,Oo1, 2.43
Death claims and matured endow-
ments ...,............... $685. 1898
Annuities and premium notes, void
ed by lapse ................... s6.ea4.o4
ers Observation-Disclosures. 1888, 40
Dividends to policy holders $3.50. 249. 159. SIS
Total paid policy holders ~. $3,o2s, ss4. 81
Dividends to stockholders ........ "a, 10000
Of agencies NEUTRALITY-SUSPICIOUS.. sa7,s1o.oe
examiners fees ............ 1ss,ese.45
Al other disbursements ......... 341, 931.4 Al
Total disbursements ........ $4.3s9, s12 80
Excess of income disburse-
ASSETS DEC. 81, 1904. 1'''-''''.N
Value of real estate owned So, III .O69. 81
Mortgage loans Observation-Disclosures. 16,909, 97S. 90
Premium notes and policy loans :. 2.O41 ,o13.T
Bonds and stocks owned ......., 1921, 641. 92
Cash in office and in bank ...... 81. 699. Oh
Accrued interest and rents ....... 800 493 81
Deferred and unpaid premiums. 653 1857
Total admitted assets ...... 1884, 1o4 1872. SO
LIABILITIES DEC. 81. 1904.
Net value of outstanding policies. 500 os5 o4e 90
Present value supplementary
contracts and Cancelled policies 32o57 o5
Claims due and unpaid ..........f 16,411 80
Claims adjusted and not due and
nnadJusted and reported Ill. 500. 8
Claims resisted ................. 1,404. 80
Premiums paid in advance ... II 1893 27
Dividends due policy holders..... 50. OS4 80
All other liabilities .......!... 2.105, 947 SO
Total liabilities on policy hold
I erS account SS1 $50, 949 81
Gross Invisible surplus .......... 2.53S, S32. AZ
Capital stock paid up ........... 200. 90
| EXHIBIT OF POLICIES, 1904 BUSINESS.
| Number. Amount
| Policies in force at begin -
| ming of the year ......... 81. S2S SOS. lit 6O4
/ Policies in force at close ..s. .-..z.
OF the year .............. 81 ,219 103, 937 ,343
Net increase ............ s.451 s5,s1s,7ss
Issued. revived and increased ~a
| during the year ........... S,451 IA ass 725
| Total terminated during the
year .................... 5000 see5ese
By death .................. 1876 1,337 5s7
| BY maturity .............. 667 1000 9N
/ By expiration ............. 81 112OSS
| BY surrender .............. S05 1903, 1856
| BY lapse ................... z, 1875 4I3,2S1
! BY change and decrease 43S,37s
BUSINESS IN MINNESOTA IN 1904
Number. Amount
Policies in force at begin
ming of the year ......... L $40 $27s1 6es
Issued during the year ..... 800 SIT az
Ceased to be in force during
| 8 the year ................. 140 264. 12f
In force Dec. 81. last ....... ] sol 1904 1854
| Losses and claims incurred during .r..
! the year Observation-Disclosures. S43.171 O.;
Losses and claims settled during ~.
the year ................... 4214e7s
! Losses and claims unpaid Dec. 81 1,O21 q
| Received for premiumS 131 CQ2 sc
STATE OF MINNESOTA, .... s- -. :
Department of Insurance r.
! Whereas, The Germana Life Insurance Com
| pany, corpora ton organized under the laws Of
! New York, has fully complied with the proyis
! ions of the laws Of this state relative to thu
| admission and authorization Of insurance com
| panies of its class. .,--. -"
! Now, therefore, T., the undersigned Insurance
! Commissioner do hereby empower and authorize
the said above named company to transact it,
appropriate business of life insurance in the stat
| of Minnesota. according to the laws thereof
until the th1rty-t day of January, A. D. 1906
unless said authority be revoked or otherwise
legally terminated prior thereto.
| In testimony whereof. 7 have herernto set m,
hand and affixed my official seal at St Paul tbi
3lst day of January, A. d. 1906
! -... ...... THOMAS D. O'BRIEN,
- -. - Insurance Commissioner.