The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1906-05-18
Insurance Companies Doing
! Business in Minnesota.
REPORT OF COMMISSIONER.
FraternaI Organizations Had a Bet.
ter Increase Than The Old Line;
-. Figures Denote Prosperity.

st. Paul, May ia preliminary re-
port of the condition of the life insur-
ance companies doing business in Min
nesota was made public by Insurance
Commissioner L. ID. O'Brien yesterday.
The report shows an increase in the as
sets and business of the companies dur
ing the year, although in the Minnesota
business they have not written as many
policies as they did the previous year
Forty eight level premium life COM
panies doing business in the state show
an increase in ledger assets from $2,35l,
729,3l5 onDec.3l, 1904 to 81, $50 SCI 81 on
Dec 81, 1905, or an increase of $2l7 ,S3l,-
1854. The increase during 1904 was
S2OO,5lS,4s7. The total admitted assets
have increased from $24707l6,6S6 to
S2,673, 400 430. The total liabilities, in
Guiding the reserve, increased during the
year from $2,22S, 642, 675 to $2,434,lls,-
40. The net surplus, including capital,
decreased from $242, O74,Oll to $239, 35O,-
95l.
The report on Minnesota shows 49,
0S2 policies written in the state during
1905, against 43,2OO in 1904. The amount
written in 1905 was $32OO5, S59, against
500, 439,4l4 in 1904. The number of poll
cies in force in the state on Dec. 81, last
was l64.46l, and year previous 1872
OLA. The amount in force in the state
last year was $l97 ,55l ,9ls, against $751;
673,93S a year before. The losses incur
red during 1905 were $2,O74,l33, and in
1904 were $l.777,992 The premiums re-
ceived in the state last year were ST.,
O65. 4O3, and in 1904 were $6SlO,929.
The report shows that during the year
the actual mortality losses were 81 per
cent of the expected losses, or $l03,3S3,-
1914 actual, and 1927, OSO,OSO expected In
1904 the actual mortality loss was, SO
per cent of the expected, the actual loss
being $lOO,3l4,5l6. Full reserved sur
rendered and lapsed policies amounted to
$63, 1884, and the actual values paid
$47 ,5O6,773, or IS per cent. In 1904 the
full reserved, surrendered and lapsed
policies amounted to $54,320272, and the
actual values paid to 73 per cent of that
no ta1 DIM
1905 were $4,2S4.l6S, and the actual
payment $4474,lG4, or l04 per cent of
the expected. In 1904 the expected an
nuities were $4O55,357, and the actual
payment 100 per cent of that. The
loading expense portion of the premium
in 1905 was $l33 ,32O,97l, and the actual
expenses paid 1927 ,4O2, 3O2, or 96 per cent
of the expected. In 1904 the loading eX
pense portion was 1925 ,6SO.962, and the
actual expenses paid 1923, 66l, 627, or 9S
per cent.
The fraternal insurance companies had
better increase than the old line COM
panies. Their total income during the
year increased from $50 ,220,550 to $780,
S57 1923. The amount paid to members
increased from SAL ISL $50 to $5O,5s3,-
493; the expenses paid increased from
$6,056,923 to 81 ,4S5,S7S; the total admit
ted assets increased from $36,S55, 29S to
$49,l70,77O The number of certificates
issued during the year were 64S,557, and
during 1904 were Col, 3S7 The number
in force at the end of the year 1905 were
3,826,856, and at the end of 1904 were
$3,370,59S. The amount in force at the
and of the year was $5,33l, 734,62O, and
year before was $4,735, 1865.
The report on Minnesota business of
fraternal companies shows 33,l35 certif-
Gates issued in 1905, and 29,Sl9 in 1904.
The amount issued during the year was
$35,659,l 25, and the year before $780,
5l6,O05. The number of certificates in
force increased from lS3,SSl to l94, sos,
and the amount in force from $25l IA
1859 to $27l ,5l7, l67. The premiums re-
ceived during the year increased from
$2,l45, $3.50 to $2,453399, and the losses
from $l,635,65l in 1904 to 81 $751; ,544 in