The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1908-01-09

ANNUAL STATEMENT.
For the Year Ending December sIss.
A. ID. 1906.
or the conditions and affairs Of the
EQUITABLE LIFE INSURANCE
COMPANY,
Organized under the laws Of the State Of
Iowa, made to the Insurance Depart.
ment of the State of South Dakota pur-
suant to the laws thereof. President, 1.
M. Tarbell. Secretary, ]. G. Cummins.
incorporated, January, 1867; Com
office, 200 9th street. Des MONIES. Iowa
1. CAPITAL STOCK.
Amount of capital paid up In
(a) Amount of ledger assets
(as per balance) December
31st of previous year. ....... 4, 701. S36.3S
II. INCOME.
Total premium income. 81, 1872 941.57
lc) Consideration for supple
mentary contracts not in
volving life contingencies. 1926. 81
Premium notes, loans or liens
restored by revival OF poll
cies .................... s3o67
Total interest ............... S253,95l 81
Total rent ................... 3,6l6.36
Profit on sale or maturity OF
ledger assets ................ 3,16l.4
Total income 81 404 500. ~
III. DISBURSEMENTS.
Net amount paid for losses
and matured endowments.. S1GS, 591 81
Premium notes, Voided by
lapse ................... 4,25O.s4
Surrender values ............ 75457.S7
Dividends to policyholders. $50, 639.9 90
Paid for claims on supple
mentary contracts not in
volving life contingencies. 3S3.24
Paid stockholders for inter-
est or dividends. ............ 10000
agents .................... 155, 1OOs1
Salaries and allowances for
agencies, managers, agents
ana clerks .................. Is, l24.9I
Agency supervision, travelling
and all other agency ex-
Medical examiners fees and
inspection of risks. .......... 11,3S4.O
Salaries and all other COM
home Office employees. ,...... 39.s39 Ga
Rent, including amount for
companyS own occupancy. 1,SO.OO
Advertising, legal expenses.
postage ..................... 1872. "a
Furniture, fixtures and safe. 393. 80
Insurance. taxes. licenses and
department fees ............ 17,5O5.6l
on real estate ............... 5,47s65
All other disbursements. ...... 1885,. so
Total disbursements ..... 5000, 516. 70
Balance Observation-Disclosures. So Az, 119.S8
". LEDGER ASSETS.
Book value of real estate un-
incumbered ................. $6o,oo4.OS
irst liens ................... 1881, l1a7e
Loans made to pOicyholders
on this companyS policies as
signed as collateral. ........ 23S, 641.O1
Premium notes on policies in
force ..................... 3O,l02.54
stocks .................... 4s,903 50
Cash in company office .. 33S. Oj
Cash in banks. ................ 33,H6.3l
Bills receivable .............. I, loS.J9
Agents balances ............. 20,IO9 80
Other items ................ 7,oSl.S5
Total ledger assets ..........$5 Az, 119.SS
NON-LEDGER ASSETS
Interest due and accrued ..... $l2l 25S.91
Net amount of uncOleCted and
deferred premiums .....,.... II, SO
Gross assets 81, 639, 86l "a
DEDUCT ASSETS NOT ADMITTED.
COMMITTED commissions and
agents debit balances. ..... $50, 100 50
and bills receivable .......:. 7.1Os. 50
Total S27.sls.44
Total admitted assets. 81, gu SAB 20
V. LIABILITIES.
Net reserve ............s4 81. sos ,S25.7l
Present value OF amounts not
yet due on supplementary
contracts not involving lite
contingencies ......r.... 9,0l373
Total policy claims ....... $1,000 IS
Premiums paid in advance in
applied ....................., 2,9994l
Commissions due agents on
premium notes when paid 1913 -
Dividends or other profits due
policyholders .............. $500
Dividends apportioned ........ 26O. 22l o.
Capital stock ................. 1OO,OOO0O
Unassigned funds (surplus)... 400, $50 6S
Total liabilities ............SjGll, SAB 20
vi. EXHIBIT OF CERTIFICATES.
Policies on the lives of citi-
zens of said state in force
December 81 of previous
year ...................$2 7 800, l62 90
Policies on the lives of citi-
zens of said state issued,
increased and renewed dur
ing the year ............... o,itS, w
Total .....................S 49,. 96s. GAG 90
Deduct ceased to be in force
during the year ............ 2.Ui, W
Outstanding end of year -. $50, s74 ,319 90
BUSINESS IN THE STATE OF SOUTH
DAKOTA DURING THE YEAR 1906.
Policies on the lives of citi-
zens of said state issued
during the year ............ $Sl, i64 90
Policies the lives of citi-
zens of said state in force
December 81 OF Previous
year .................. ....... bJ' ,bSoUo
Total OBSERVATION-DISCLOSURES. SI3o, 1900
Deduct ceased to be in force. 13,l24 90
Policies in force. ........... $685. ,02OU
oSSnc claims incurred