Evening journal., 1914-01-23
coNr1NENrAL's Splendid SHOWING.


VA1ILMIi,G fON is justly proud Of many OF her in
w .itutions and industries. Zee, Of them
show such successful record the Continental Life
Insurance Company idea of its remarkable growth
best be illustrated by article which appears in
the current issue the New York Market World and
Chronicle, journal Of insurance and economics
troled by Miles NJ. Dawson. who was the insurance
expert for the Armstrong committee - the New York
insurance investigation.
The success which has attended the growth Of the
Continental Life shows conclusi'ely that the officers
and directors have proper appreciation Of the func-
tions OF insurance company. They should be much
gratifod h the result Of their efforts and should
ceiye tho support of the people Of the entire State
The comment by the Market World and Chrorcle on
the splendid showing made by the Continental Life
is follows:
It has been pleasure to follow year after year the
steady aud solid growth Of this company The sixth
annual statement the companys business, published
IN this paper last week. again illustrates the prudence
skill and with which President Burnet and his
associates in the management are conducting the com
panys affairs Substantial increases during 1913 are
shown for every item IN the statement Perhaps the
most unusual achievement Of the management of the
company the ability displayed from the very first
year Of operation TO derive net earnings from the
business and 10 increase these rapidly than
the business has increased in volume. We do not know
whore it would be possible TO match such record Of
net earnings as the statement shows In 1908 the
first year Of conducting business, the net earnings
per cent. the capital; in 1909 they we're
cent? in 1910 they were is per cent in l9l they
and I'm 19l3they reached the very high of 32 per
cent in spite Of the material addition to the capital
during the year.
The full significance of this record in the way of bus
mess skill and efficiency will be appreciated by those
who know how difficult it is to get life insurance
company fairly started without marking considerable
operating losses in the first few years and consequent
~ considerable drafts the paid-in surplus There
are clear evidences also, that the character of the
business which the company is obtaining decidedly
above the average The steady gain Of insurance in
force from year to year. shows that the amount OF
lapsing much less than great majority of younger
companies show Furthermore, interesting
point In this connection is the low proportion borne
by policy loans and other policy liens to the total
sets Of the company The proportion is only 9O7 per
cent whereas two years the proportion of policy
loans to assets for all the life insurance companies
doing business in the State Of New York was 1927
per cent AT the present time the proportion for all
the companies Is undoubtedly materially higher than
80 r''r two v"nrF o~0 Ne rough test Of the general
character of the pocyhoders OF life insurance com
stable improyident this comparison is one of the
best have. Taking all the facts presented by
the Continental Life Insurance Company together t
is the merost justice TO say that they exhibit manage
ment rarely sound and wise. on the one hand and
body OF policyhoders much above the average for
steady thrift the other. This Is admirable state
Of things TO have been attained by youthful an or
ganization.
That IS remarkably fine tribute fc- a wilmington
life insurance company. Il Is made douby valuable
by the fact that it from such discriminating
source and in which the achievements Of such
corporations are measured only by the calculating
standards Of business wisdom and prudence.