Evening journal., 1912-03-23
PROGRESS OF
HOME LIFE CO.
Thirteenth Annual Statement
Makes a Splendid
Showing
GOOD SUBSTANTIAL GAINS
In ASSETS AND RESERVES

The thirteenth annual statement Of
the Home Life Insurance Company Of
America. whose home Office is located
at No. S34 Market street. this city,
shows that this well conducted Will
mington company had made remark
able progress during the past year.
The total assets of the company now
aggregate S3S2,599.62, good substan-
tial gain of nearly $4,000 over the
amount reported a year ago. These
assets are carefully invested in fine
list of securities, consisting princi-
pally of bonds and carefully selected
first mortgage loans on Philadelphia
and Wilmington real estate.
The net policy reserves OF the COM
many, representing the statutory de-
post required to protect all outstand-
ing policy-holders, now amounts to
S16O, ,9231S, an increase of over $4,000
during the past twelve months.
In accordance with the State De-
nosit Law of Delaware, this company
deposits its entire capital and reserve
with the insurance commissioner OF
the state, thus furnishing an absolute
guarantee to the policyholders. Each
policy issued by the company is
signed by the insurance commissioner
who certifies that securities have been
deposited with him, guaranteeing the
integrity of the contract at all times.
After providing for all other liza
bilities the statement shows a surplus
to policyholders of $t61,2lS.01.
The most significant feature of the
statement is shown in the analysis Of
the progress made by the Home Life
during the past Ave years, since the
present management have been in
control
In 1907 the company had a prem
ium income Of 1.212 per year.
In 1911 this had been increased to
S246.12S per year. In 1907 the assets
OF the company were $l49,066; in 1911
the assets had increased to 1892, 500.
Five years ago the company had
S45,3S6 reserves, which has now been
increased to $160,923.
In 1907 the company had
9.944 policies in force, insuring $780,
$40. they now have 33,009 policy-hold-
ers insuring $S,576,916
This remarkable showing is wholly
due to the energy and ability Of the
present officers and directors of the
company, whose steady and conserya-
tive progress reflects credit upon this
city In addition to its ordinary dep
partment, the Home Life conducts an
industrial branch, which it has sue
ceeded in building up TO splendid pro-
portions. The company, by the closest
attention TO the details of this branch
and by the plan of keeping its branch
offices under close and compact man.
agement, has been able 20 secure a
most valuable business, creating
weekly debit which is now nearly So.
600. and which has developed a mo
mentum that promises TO carry tn,
company onward to great proportions
The present officers and director.
are as follows:
John Langham. Jr, president: r.
Pierce Buckley. vice president: JOS
cph L. Durkin, secretary: Edward p.
Madden, treasurer; George A. Hug
gins, actuary; NJ Lally, general man
ager
Directors-John Langham. Jr.. pres
ident. Philadelphia, Pa; Joseph L.
Durkin. secretary, Philadelphia. Pa I;
+. Pierce Buckley, attorney at law,
Philadelphia Pa; Charles J. Sharkey,
attorney at law. Philadelphia, Pa. Ed
ward p Madden. treasurer. Philadel
nhia: r. BRYAN Kyle. NJ d., medical di
rector, Philadelphia. Pa; Smith Coop
sr. NJ. D., assistant medical director
Wilmington, Del; ID. F. Durkin. Jr.,
Contracting Plumber. Philadelphia
Pa: Patrick O'Neill. merchant, direc-
Tor Continental T. and T. Co.. Phila--
delphia, Pa Patrick Donohoe, real
estate assessor, Philadelphia, Pa.
John J. Moroney. importer. Philadei-
phia. Pa; John c. Wilson. wholesale
grain and flour. Philadelphia, Pa; Ca
sill S. Walsh d. J. Walsh Sons, Insur-
ance, Philadelphia, Pa; John T.
Healy, contractor. director Central
National Bank, Wilmington, Del: NJ
A. Koch, NJ. D.. physician, Lyons Sta
tion. Pa; Wellington B. Krick, i'm
porter Reading. Pa; Israel B. Berto
let, President Obey National Bank
Obey, Pa.
A. Schmutz. assistant manager, Or
binary Department.
W. J. Holland, Superintendent viii
mingtOn District.