New-York tribune., 1908-10-19
LIFE INSURANCE LESS
BUSINESS FALLS OFF.
-Assets of Companies Shoe Increase
-Fe,cer Policies WritteR.

Albany Oct IS-A decrease In the lie m
.urance business in this state for the calehoar
year ended December 81 last is shown IN lhe
fortv-ninth annual report OF the state Insurance
Department. made public tonight ny oa oupe1ii-
tendent otto Kelsey. Compared with 1905 1t
sppears that the companies issued 1896 pol
tcies less than last year. and the amount OF III
slrance ritten decreased S24l4963OS
A detailed general summary shows the num-
ber and amount Of policies in force, toSether
with the gross assets. liabilities and surplus OF
the life insurance companies Of this and other
states The summary says:
The gross assets Of life insurance companies
doing business il this state on December 9I
1897. were S2.Sl7.90S,9l9 81 an increase OF $oo,-
9s1 ess 2S. as compared with the previous year
OF this amount. New York State companies have
31,1e7.5S5,5S5 %. al increase or s-to-y',,g4 %
companies OF other states. S1190,S25.552 CO. an
increase OF SSS1134S9 81. The aggregate Of pre-
MUM notes and loans shows d decrease OF Sll5,-
3sI s. during 1907, while deferred and uncoDect-
ed premiums have decreased S45S06 %:
The dividend funds. both apportioned and IN
spportioned in the general liabilities instead oi
n special funds show ia detail the liabilities
pf the several companies, the total OF when, eA-
Guiding gross surplus Of $leS-6@9.S94 ~ ana spe-
Cisl funds Of $1T1elS9b y. are go - ~ 10
on the above basis the liabilities Of the New
York State companies. as reported arc $l-b42,-
A23,1z4 %: companies Of other states. Sll26.o24-
Bte Al For New York state companies the gross
surplus Cncludng S5,SS9.000 of capltap IS S69.-
S501S6 and special funds Sl2.432.O25 o.; com
100000 Of capitaD Is SO, =9s6lS ~. special funds
Ss729, 81 i and aggregate surplus and special
funds S1z5.99f. 200 IL
II appears that the aggregate income Of New
York State companies was S353.33G, ,2S9 81, a de-
crease over 1906 Of S4.337445 0S. other states
companies S2G6.29e.354 IS, a decrease OF S3Se1-
6Se -. making the gross income S6S9-62S,644 -,
sud the gross decrease over the income OF the
preceding year S62A0.e31 80. The net excess Of
iucor2e over disbursements for 1897 vas S20S.-
59esS6 20. while for 1906 il was $229.221,1lI l9.
The total premium income for 1906 was st99,-
3oS. .S67 .: for 1907. $4S5. .632.S5J s..
The disbursements Of the year have been
42I.229.757 15 increase Of S12,5S1,19S 80 COM
pared with the preceding year; Sl92,196.655 90
was paid for claims $3.50 066 81 for lapsed
and surrendered policies. s45106,9eS IS in divi-
dends TO policyhOldeTs, S1,6SS,253 0S on supple
Ineutary contracts not jDvoying life continsen-
-ies. s1A1.5G5 in dividends TO stockholders. $46-
@02 50 for commissions s21 $50 263 40 for sal
aries and medical examiners fees, and $4,000
?21 l. fer miscellaneous purposes. This classIh-
cation SHOWS that S295.02l.S96 IS was paid 10
policyho1derS. while the cost Of management. in
s!Uding dividends TO stockholders, vas Si26,2eI,-
Ss6 -.
In the policy record for 1907, industrial bust
ross Is not included The New York State com
Tsnies issued 2S7050 policies, insuring $446.3S9,
Ses. and terminated 294.1S9 policies, inSurlng
s5S9i24560 The companies Of other states is
sued 219-364 policies. inSUring S36S,534.166, and
terminated 16S590 policies, insurng S323.465.1I9
The aggregate OF the above is 566414 policies is
sued insuring s1.014924. .164. and 443.S79 policies
terminated. insUriDs SS62.329,159- Compared
with 1906. Il appears that the companies issued
I5s,303 policies less last year. and the amount
Of insurance written decreased Se41,h96.30S
There were 131502 less policies terminated in
ance- The terminated policies are scheduled as
follows