New-York tribune., 1910-08-29
INSURANCE PICKING Up
Marked Improvement in Life
Business in 1909.

Albany. Aug. 2S-Part III of the annual
report of the New York Insurance Depart
ment covering the business of life lnsur-
ance for 1909 has been issued 1hls VOL
ume. of 1,odO pages. includes the various
schedules and general information wh1cn
under the amended insurance law all NE
compa nies are required to furnish the de-
partment annually.
The statistics as compiled show that the
assets of the companies in New YORK anu
other states increased over the previous
wear s2s3, PSI. .47O. of this increase sl3olIo'S'5
being in New York state companies Inc
liabilities of the various companies eH-
cluding gross surplus and special funos'
we're s. 293. 668, 2s9. of which s.. SZ was
in New York companies The gross sur
plus and special funds amounted TO Sli5'-
SOs, ,s32. of which s75, ,812. .975 was in New York
companies
The total income was s691, ,135, 126, of which
$3.50. .Sss 125 was in New York companies. an
increase over 1908 of s30957,19J, the total
gross increase for all companies being 81
se5 OIL. The disbursements for the year are
shown to have been S473. .799.Oi1. of which
44.OOs 147 was paid to policyholders. while
the cost OF management including divi-
dends to stockholders. was s129. 1898
New York companies issued $40. 101 ''ordi-
nary" policies in 1899. insuring 1915 9V2,
as against 305. 500 policies issued In 1923
insuring S5O4 $50. 179. Companies of other
states in 1909 issued 352.415 policies, insur-
ing sos 133 145. while in 1905 they issued 2So,
914 policies. insurins S504,51t962. Compared
with 1905. it appears that there were lG-.9lo
more policies issued last year, and the
amount of insurance written increased
STA s64 9Cs There were f0,157 fewer policies
terminated in 1909 than in 1905. while 81
123. 3.3S9 less insurance was terminated. The
total number of ordinary policies IN
force on December 81. 1909. was 5.15l.tfI,
insuring 81. 1.110. 457,172, an increase I'm poll
cies over 1903 of 32o.44O and in insurance
of S55S. 1875. .315
The business in force in the State of New
York and transacted therein during the
last year by all life insurance companies
of this and other states. including indus
trial business. was as follows; Policies IN
force, 5,5l5. 453 insurfng s2.431 .017,S25; poll
cies issued 1.e01 .592, .insuring sS72 2oe0.i70 an
increase of insurance in force of s157, ,329 ,506
over 1908 and an increase in insurance
written and paid for of $685. 4fS.
The total receipts of the department for
the fiscal year ended September so. 1909.
"
we're s226 O44 81 an excess of receipts over
expenditures of 500. .030 0S.
The par value of the securities held on
deposit by the department on December 81,
1909 belonging to the various insurance
companies required by law to make such
deposits was s25,9t2,510.
The Improvement in the business of life
insurance reflected by the returns of the
cnmuanieS for the wear 1909 is marked, ana
indicates that this important branch of the
insurance business is fast returning TO
more satisfactory conditions. While there
was no abnormal increase in business
written during the year. the increase in
the business in force was most noticeable
The increase in dividend payments to pol
icy holders during 1909 and in amounts ap-
portiOned for dividends on annual and de-
ferred dividend policies, payable during the
current year. the large decrease in lapSed
policies and the lowering of the general
EXPENSES are among the features that go TO
prove that the year 1909 was not only a
Favorable enc for the companies but also
for the inSuring public