The Montgomery advertiser., 1905-02-24
PROGRESS OF A NATIONAL INsTI-
 TUITION.
Enormous Figures Dealt in by The Prudential of Newark--LOng List
 Of HfEhgrade Assets.

Of HkghgTade AAzetas
 The twenty-ninth annual statement of The Prudential of Newark, N. L, which Is published on another page shows the company to be stronger fi- nancially than ever before. The. year 1904 is reported to have been one of unusual gains in every department of the companys business. The compa- ny issued and paid for in new insur ance during the year 312 million dol- lars, which is the largest of any sim gle years results in the companys history. The number of polices in force has been increased by over, 500 1 thousand, bringing the totsl number of policies in force up to nearly six millions. The total amount of insur- ance at risk Is over one billion dol lars. Tn payments to policyholders. The Prudential has maintained and surpassed its records for 1iberality. During the year The Prudential paid to policyholders over thirteen million dollars, while since the organization of the company the total payment to it's policyholders has been over ninety two million dollars. One interesting feature brought out in the statement is the fact that in cash dividends and other concessions. not stipulated in original contracts, The Prudential has | pau NC OA OAA ANJAASNp ONGA five million dollars. When changes are made in policy contracts or rates which result in increased llberality to the insured, The Prudential always makes such changes retroactive, wherever 1t is practicable to do so. and the above payment is the result of this well-defined policy on the part of the company.
 The financial statement itself is un- usually clear and convincing. The company's assets have increased over tai amount of assets over eighty-eight million dollars. The analysis given in the statement shows these assets to be of the highest grade; for i'm stance. ,$15,600.000 has been loaned on S,309 first liens on property valued at over forty million dollars. The compa- ny owns over twelve million dollars of real estate; over twenty-seven million dollars of railroad bonds, over ten million dollars of municipal and mis- eellaneous bonds and United States government bonds; and over four mill lion dollars of national bank and trust company stocks. The total cost of all the bonds and stocks was S40,697.- 1O.44, and as these now have a mar ket value of S42,12s,567.s7. it is shown that they have increased in value since their purchase by more than $1,- 430,000. Over $6.S00. 900 cash was held in January 1st in 2s9 banks and trust companies throughout the United States and in the office. of which $6,- 154,000 was drawing interest and so actually constituted an investment. There was loaned on collateral secur- ities $5,666,I00: those are approved bonds and stocks which have a mar ket value of S7,54s,322 so that the margin of security here afforded is over $1,SS4.000
 One of the safest and most profit able investments to O life insurancs company consists of loans to it's own policyholders on the security of their policies. The statement shows $2.427,. $50 loaned in this way. protected by a reserve value of $4.427,2Os. thus a. ferding ample security. Nearly sev. enty-four million dollars is held as reserve by the company to protect policy contracts, and the assets in- clude a surplus to policyholdefs Of $ls,S2S,s66.33. The complete schedule of bonds owned by The Prudential shows the securities to be of the high est grade. Altogether the statement is an unusual satisfactory one to the company and Its policyholders.
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