The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1911-03-28
fHE MOUNT HOLLY NEWS
TUESDAY, MARCH %. 1911.
THE PRUDENT!AL'S
REMARKABLE REPORT
Wondered Rise OF New Jerseys
Great Life insurance Company
iron SmsA Beginnings.

stnce tts organization The Prudential has
peSd cut TO po6cyholders or has invested for
their security and now holds for them at inter-
est the enormous sum OF four hundred and
From assets OF enc hundred and sixty
eight thousand dollars thirty years ago to two
hundred and twenty-seyen millien dollars to-
Insurance in force In 1880 of seven million
dollars now grown to almost two billion dollars.
holders IN 1880 ffty -seyen thousand dollars,
considered large amount In those days. to o
Company paying out In q single year over
twenty-fcur million dollarsi
These are some OF the almost incompre-
hensibie features shown In the annual report
OF President John f. Dryden just issued to
insrsnss compsnS the Company uo which
thirty-fve years ago started under the most
obscure and humble conditions in small base
T Sn Is n lns ss O. and while it Is
impossible here to give more than summary.
+ should be- read In full by every one inter-
estsd In HE Insurance. matters. showing. as it
does, not only what vast work OF develop
ment and conservation must be going on in
this Company. but to what limitless extent
the bene6cant influence Of such an institution
must be felt throughout the country with the
great masses OF the population.
What character Of business system and
executive skin must have been employed in tho
Gated By some Of these figures. During 1910
ever four hundred and sixty-two million dol
lars Of new insurance was written-three hum
dred and twenty-four millions OF this being
Industrial and over enc hundred and thirty
Boxe1 millions Ordinary-0ver two million
sWo hundred thousand individual policies be-
ND kslzcd h these transactions.
The insurance In force in the Company was
Increased to the immense sam OF one billion
eight hundred and dfty-one million dollars an
increass Of over one hundred and sixty six mil
Over aine million Eve hundred thousand
Dslzc1s are now IN force in The Prudential
thess bsing Ordinary policies and the rest OF
foacyholders WHO may through necessity
Sn M Psae the are issued
90 geo pead-up Industrial policies. and in over
ten thousand eases relief from payment OF
ho sbss ssn yss of 70 power over
s4ly ooe fully paid-up industrial policies are
now n force IN this Company. giving protec-
dolhrs. upon which no further premiums are
required, striking indication OF the hberahty
81 the modern Industrial life insurance COM
In addition to this. cash values were paid
during the year on $4,000 industrial policies.
Financial Figures.
The total income Of the Company during
1910 exceeded seventy-four million dollars, an
increase Of seven million dollars over the
e csss21s With the law proper amount has
been set aside for the future protection of
policy contracts and for dividends to policy
holders.
The Company paid to polcyholders during
the year over twenty-four million dollars. OF
which eighteen million dollars represented
payments on death claims. matured endow-
fnents and annuities Over three million dol
iars was paid in dividends to pohcyholders. OF
which 81 .456, I22.72 went to Ordinary policy
holders who were insured before August J..
1907, and 81 ,559. 20 was paid to Industrial
policyholders insured prior to January !, 1907.
these being the respective dates upon which the
The amount paid to policy holders. together
with the sum set aside to their credit at in
terest-more than forty EIGHT million dollars
was the largest In the history OF the company.
Assets and Liabilities
At the end Of last year the Company's assets
were valued at 1927 .O01 COZ 80. rs against
500 oz3. S73. 90 December 81. 1909. The
liabilities at the end OF 1910 amount 70 91oS.-
324,O1I.61. OF that SUN the most 1mportAns
item was the reserve, calculated at $l7S, 159,
IgT. The reserve represents the amount which
the law requires to be held in trust for the
carrying out to maturity OF all the Company 9
RsbilIties IS an item Of 50 $50. 342 ss That
Il the amount apportioned to participating
policies. 1t is from this apportionment that
paid In the future till all these contracts have
been fulfilled After setting aside this money
to the credit OF participating .policyholders;
s sss fo0 Ta1 ssSss 1
Among the Companys assets IS set forth
In Its financial exhibit IS an item allowing that
is real estate Is valued ct $16.3l5.slS. The
Company has $40 $50. 100 IN bonds and mort
cages and at their market value, last Decenl-
Der the railroad bonds that " Owls were
worth S8S. 404 $50 Its State. county and
municipal and miscellaneous bonds had on
December last market value Of 50 ], 459 .S5l.
There are many other very interesting items
in this report which win repay the reading.
Among these are statements as % the amount
OF Insurance. in force and the claims paid In
various States, and most valuable report upon
the mortality in the Ordinary departmsGt.
chewing the causes of deaths OF policyholders
at various ages. There are also references e
the endorsement Of the Company and It's
methods made by the State Department Of
Banking and Insurance. including an allow
ance on assets OF over 81 .0O0. 900 more than the
Company's own valuations at the end Of 1909
There Is also table Of comparisons showing
remarkable growth Of the Company at various
fve-year periods during the last thirty years
The report closes by reference to the tradi-
fional policy Of The Prudential rs TO the con.
servation OF the interests Of policyholders and
4 suggestion to them as to the manner in which
they can materially aid ia this Conservation
by their cooperation with the life insurance
companies I'm their opposition to unrishteoaa
and insQuitable taxation.