The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-01-07
I FINE SHOWING IN
LIFE INSURANCE
Statement of Life Insurance Conn
pany of Virginia for 1905
Highly Gratifying.
A STRONG HOME INSTITUTION
A Steady Growth in Volume Of.
Business and in the Benefits
to Policyholders.
STRONG HOME INSTITUTION

The annual statement OF tho Life In
surance Company of Virginia, n Rich
mond institution OF long standing, comes
in the nature of New Year refreshment.
The statement shows that the total adj
nlitted assets arc 1881, 47.S1; liabilities,
including the reserve OF s1,S92,6So, arc
1885, 1906. showing a surplus to the
policyholders OF s435, 35ss5.
The gross income for 1906 was $780,
90075, an increase for the year OF SOL
9sS.57: increase in assets for the year,
sia5.3ilS9; insurance in force, s49,o2l,2I6,
increase, s5,3S6,34o: total number Of
policies in force. 40i,4GS; increase, 1885.
In 1857. the premium income of this
company was s99,566 There has been
steady increase from year to year, until
in 1895, the premium income was Sl,s6g,-
SGS.47. an increase of twenty-fold Since
the organization of the company, the
total payments to policyholders amounted
TO sG,555,s6S7
Good Insurance Field.
This statement Is an object-lesson and
confirms and establishes the claim made
from time to time by The Times-Dlspatch
that there Is n good field in southern
territory for home life insurance com
panles, II conducted dlscreetly and
honestly in the interest of the policy
holders and not for graft The state
mant has often been made by skeptics
that northern people. are so prejudiced
against the South that they viii not
patronize southern life insurance COM
pany. Northern prejudice goes not SO
far. The northern people have confidence
in the integrity of southern men, and
If convinced that any southern institu-
ton of this character is conducted upon
sound business principles. with ample
reserve to take care of the policies as
they mature, they will not hesitate to
bestow their patronage. But whether
or not patronage be secured from other
sections. there is abundant patronage. in
the South Itself to maintain n number
of home life insurance companies, IL only
they be conducted as the Life Insurance
Company of Virginia is conducted.
1t was said at the outset that the am
nual statement of the Life Insurance
Company of Virginia was refreshing It
is refreshing because 1t shows pros
perlty of home insurance company; 1t
is refreshing because it shows on It's face
honest and intelligent management; it .s
refreshing because the statement Gomez
after the scandalous revelations from
4NcW ioAtN, II - pcSad7c ~ ID
an exhibit of Virginia thrift and integ- |
rity. The officers of this company are
home folks, they are Richmond men.
thoroughly identified with the interests
and destiny OF this community. and by |
their fidelity they have won for this
institution the confidence of the nation.
Doing Noble Work.
The Life Insurance Company of vir-
gina is doing noble work in more |
ways than one. 1t Is encouraging thrift; |
1t is helping people in moderate clrcum-
stances to lay by something for emer-
gencies; it takes the savings of its pa
irons and keeps them as sacred trust |
fund, and, like the faithful steward, In
vests the fund in such q way as to in !
crease 1t from year to year, and 1t is al
ways prepared to meet It's Obligations |
promptly. But that Is not ALL AS a |
home institution 1t gives employment to
large numbers OF men and women, and |
the atmosphere Of the entire establish
ment is so pure and wholesome that it |
is considered an honor for any young |
woman, who must earn a livelihood. to |
become an employe OF this institution
The Times-Dispatch congratulates
President Walker and Vice President
Pemberton and Secretary Rogerson and
the entire staff of the Life Insurance |
Company of Virginia upon the company's
honorable record and upon it's splendid |
exhibit for 1908, and wishes for It still |
greater prosperity and triumph in 1906.