The weekly times-record. (Valley City, N.D.) 1912-1922, 1913-05-22
ABSTRACT or STATEMENT
For the Year Ending December 81
\. q. 1912.


OF the condition and affairs of the Amer
can Life Insurance Co. OF Dcs AIoincs. Ia. or.
ganizcd under the laws Of the state of Iowa.
made to the Commissioner of Insurance of the
State of North Dakota. in pursuance of the
laws OF the S1ate. I
Vice prcSldCntS--E, J.. Harringcr ana n. ~
EIindman.
rrncirai oaicc- Dcs. Moines, Ia. .
Attorney for Service of Process i'll the
Name. Commissioner of Insurance: Loca.
ton, Bismarck. n. ID.
Organized or Incorporated Fcby. y. 1890.
Commenced business May |, 1890.
CAPITAL
Amount Of capital paid up in
''''' ASSETS
Loans secured by deeds of trust
or mortgages on real estate -. $685. 100
! oans secured by coatcrals ...... 9S,061.02
Premium notes and loans ........ l7,557.4S
Cash ON hand and in bank ....... 23.7O6.5S
Interest due and accrued ......... l3.l3s.Oj
Net amount of deferred and out
standing premiums ........... l4.o94.s6
AMOUNT of all other admitted as
sets ................. ....... l:'ooo.""
unadnlitted assets ..... $l,2l2OI
Agents balances ........ o,S3i.'b
Total Unidentified assets. 81 ,069s'
.rot,l assets $3.50, 66O22
'''"' ~ i.lABILITIES ,,1
Policy claims in process LES.
Of adjustment, or ad- e..
justcd and not due 49,. 100000
Total policy claims ..............$ 100000
Net et"' present resent value Of all outstand.
ing policies Actuariess; per t... D..
cent and "Actuaries' )! per
cent ....: .............. ......' oVS,.o..oO
Amount of all other liabilities. 49,. 43,2l7.S6
Total Liabilities ........$ $685., $40. Sc
'''"' '''''' iNCOME
New premiums SlO9, 1856
Renewal premiums 80. 2ll,G6Os7
Total ...... ........: ;saso,s*a.7a
Deduct premiums paid
for Reinsurance 1.l4".?J
Total premium income ....... $313, 50 As
Interest and dividends received. 43639."'
Income from all other sourcc,..... 7,G57.6l
Total income .................S 1854 ,9ss.44
~ ESPENDiTURES
Paid for losses and additions .....S 2I.67s.2O
Paid for maturcd cndowmcnts and
additions 46,s5o.0O
Paid for surrendered policies ..... l5.5s7.60
Dividends paid to policyholders.. 2O.776.39
dividends paid to stock holders. -. ll,61?.l2
Cash paid during the wear for COM
missions and salaries .......... 1ll,lS7.29
Rents paid during the year i.99l.7o
Cash for advertising 997.23
Takes paid during the year ....:. $4,000
AMOUNT OF all other cash cNpendi.
lures 2S,SS9.43
Total expenditures ........... .$261. .05
MISCELLANEOUS
Whole number Of policies written .,-a
in North Dakota during the year .r
$40 ................... ~. .s492 $50. 90
Total risks taken during the year
in North Dakota ............. 492 90
Total premiums received during the ..
year in North Dakota ........'. 16.955.33
Total losses paid during the year in
North Dakota ..........---... 100000
Total losses incurred during the
year .........,.......... 100000
STATE OF NORTH DAOKTA,
Office Of Commissioner Of Insurance.
|. w. G. Taylor. Commissioner Of Insur-
ante Of the state of North Dakota. do hereby
certify that the foregoing is true abstract
Of the original statement file in this
office. .nm# >
In testimony whereof, ! have hcrcunto set
my hand and affixed the seal Of this office at
Bismarck the rst day Of April, 4. y. 1918.
tSEAl.J W. G. TAYLOR,
+ g1 .eBa Commissioner Of Insurance.