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

PRov1DEET SAVINGS LIFE ASSURANCE So
C1ETY.-Principal office, New, York City. (Or-
ganized in 1879 Edward w. Scott, PRESIDENT:
William f. Stevens, secretary. Attorney to ac-
cept service in Minnesota: Insurance Commits
s1oner. Cash capital, 100000. -,.-- - -.
INCOME IN 1904.
First years premiums ........... S72O,S25 At /
Renewal premiums ............. 1925, SIS. SIS
Dividends and surrender values APP
piled to purchase paid-up insur-
ance and annuties ............ IL, 1903 So /
Total premium income ..... So. $50, POI. 81
Rents and interest .............. AS, 800 ~
Profit on sale or maturity of
ledger assets Observation-Disclosures. 23S, 1863
From all other sources .......... 2S.457. so |
Total income ................ s4,s71, 721.5s
Death claims and matured endow-
ments .....:........ .......... s1,4s5, H. SO
Annuities and premium notes
voided by lapse ............. >2e. 539. IS |
Surrender values to policy holders 240,1O317 |
Dividends to policy holders 1875 ,35 |
Total paid policy holders ..... 1885 500 IS
Dividends to stockholders ....... 697200 |
Commissions. salaries and expenses
Salaries Of officers. employees and
examiners fees ............... 1852. os4 90 |
All other disbursements ......... 57O,196 q
Total disbursements ,........ 1888, o37 SO
Excess of income over disburse-
~ AssETs DEC. 81, 1904. '''''''''
Value Of real estate owned $2,704 500. 90
Mortgage loans ................. zoe, POS %
Collateral loans ................. 9.200. 90
Premium notes and policy loans. 2.550, 1897 .12
Bonds and stocks owned S15.40O.15
Cash In office and In bank ...... 4SS.257. 21
Accrued interest and rents ....... IS. 261 .O6
Deferred and unpaid premiums -. 1854 .43n 90
All other admitted assets $3.50. 60, 235. so
Total admitted assets ...., s7,7s4 ,47e.2e
Assets not admitted Sill ,20665
LIABILITIES DEC. 81. 1904.
Net value of outstanding policies $6,912, 1885, 90
contracts and Cancelled policies. a., $500
nnadtusted and reported :. 100. 300 90
Claims resisted ............. IS. 900 90
Dividends due policy holders ..... 21S5.33
All other liabilities ..............a 26795.S2
ers' account ............ s7,134 s3e15
Gross divisible surplus .......... 549e4O11
Capital stock paid up -.-....... 1OOOOO0o
EXHIBIT OF POLICIES 1904 BUSINESS
49,. Number. Amount.
Policies in force at begin
Vs. ming of the year 1855 $97, 942, 1877
Policies i'll force at close
! of the year .............. Al 1897 81, 456, S45
! Net increase ........... 1882
Net decrease ..........: So. ss,4s5,a52
Issued revived and increased
! during the year 1902 %, 1872, Ola
Total terminated during the
year ................... 11,4so 25,977 1866
! BY death .................. oiO 1,462.3l6
! By maturity ............. 3 1000
By expiration .............. 2.414 4939, 1873
BY surrender .............. BIS 906,465
By lapse ................. S,205 1881. 227
- BUSINESS IN MarNNEsoTrA. IL 1904 i'0''-'
Number Amount
Policies in force at begin
! ming of the year 455 1851. 391
| Issued during the year 96 143479
Ceased to be in force during
| the year ID 2Ol. l9S
In force Dec. 81 last 456 1856 ST.
Losses and claims incurred during
Losses and claims settled during
the year / ,703 90
Losses and claims unpaid Dec 81 None
Received for premiums q. $50. II
STATE OF MINNESOTA.
Department of Insurance
Whereas. The Provdent Savings Life Assur-
ance Society. corporation organized under the
laws of New York has fully complied with the
provisions of the laws of this state relative to
the admission and authorization Of insurance
companies of It's class.
Now. therefore I. the undersigned. Insurance
Commissioner do hereby empower and authorize
the said above-named company to transact ito
appropriate business Of life insurance in the state
of Minnesota according to the laws thereof until
/ the thirtv-frst day of January. A. D. 1905 un
less raid authority he otherwise legally