The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-02-22
LARGE PROFITS SHOWN
BY INSURANCE CONCERNS
Majority of Delegates Favor Making
Special Order for Vote on
ShaClxcIforf BilI
LOBBYISTS rxrKENnTrY BUSY
Measure TAkeIs WIN re Passed by tho
House, But Has Uncertain Future in
>enafc Committec--TtecciNcs Uncx-
pCvred support.

The Shsckelford Insurance bin was
to -hc fore asain ~ the house OF del
egates yesterday. when Norris. Of Ian
caster endeavored to have the house
set day Tor a special order for CON
alteration OF the measure
This wss defeat ted by lack Of the
! nec"rory two-thlrds majority. al
though q substantial majority voted
FOR The special order
Tn speaking ~ his motion. Mr. Nor
RE emphasized the Importance Of the
bill and quoted from the reports OF
the Insurance commissioner showing
mat the fire Insurance com panies op-
/ Grating In Virginia have collected dur
I inR the past seven years premiums IN
e%csSa Of losaea paid 70 the amount
+ OF approximately 100 FER cent
The figures also showed that TN csc
7 companler have paid dividends rang
ing from ia per cent 10 as high as
5l-a per cent rcr annCr1, and that the
ga rninEs 90 thass companies range
from - per cent to over 100 per
The A97lres, az quoted nv Mr. Nor
ne, arg IS follows,
crosS premiums collected n Viz
ei7is by fro trsurauce companies for
+ho seven years. 3eIo-i7, inclusive.
s82H<2.4T7.
Not losses for the sens per4od. $40
s05,254
Premiums collected IN excess Of
lcsaes, si60&7.2b4.
The following eR1irss FOR the com.
panies named represent the dividends
and surplus earned for the seven year
period. I9i0-17:
Virginia Fire and Marine. with a.
ca pitai Of s250.00o paid t202. 800 DIV
idends. equal 10 II 4 per cent per an
mum on capital. and tncreaaed assets
s8lo,3S3: total earnings equal to
2a.S per cant per arnum for tho seven
years
The Aetna. with Il capital ~ So
900, 600. paid 80 600 900 in dividends
equal N u per cent per snuun. and
increased surp]us ss724,9s5. total
earnings nquai 20 Aos per csnt per
annuf1 FOR the seven years.
German American. capital 50, o0o,-
900, paid Ss,saooe0 In dividends
equal To 1913 per cent Der arnuru, ana
increased surplus sf.sss.4ss; total
earnings equal 60 81 - PER cent per
arrurn for the seven years
Hartford. capital 50 900, 900 paid
81 100000 IN divtdenSs. equal 10 90
. per cent rer annum. and incrsased
surplus t7.2s2,fss; total earnings
equal 70 90a per cent per snnurn for
the seven yeayA
Home, capital 100000 paid in
dividends 1o.sooo0o. equal 70 B1s
PER cent rer annuua. and fncroa sed
surplus S12.76S,704: total earnings
equal 10 1879 per cent per annurn for
the seven years.
Following are the ret rroftp Of
these companies % thu Virginia bust
ness covered nv them In the same
seven year period. the ssane compriR~
ing one-fourth or the total Of Are in
surance written fin this state:
Virginia Fire and Marine. $3.50, $50.
equal TO 27,4 per cent per annum on
the total capital.
Hartford s6s2 GOO. over per cent
on entire c.x&ftsi.
The total profits Of this company for
the entire country were over $4,000
900.
The fro Insurance written by this
company In Virginia was 0ls OF the
company's total for the country.
on thia basic, the same proportion
ate profit on tho Virginia husin ess
should have been only 100000. or
s3s2o0 less than thu amount actu~
silly collected in premiums,
Home S642. 900. or per cent on
It's entire capital Tn Other words
Virginia, one OF the forty eight etates
OF the union paid for its FIRE proteo-
ton n this company "a. sum sufficient
approximnt eIy. TO have paid one half
of what would he the fair dividend re-
turn Of per cent for the companys
business IN the entire United States.
The insurance lobby was especially
active on the t3oor before the session
yesterday, explaining TO mem bers the
Insurance company viewpoint OF the
proposed bill
While there r. a very good pros
rect If the bill being passed by the
house, II is operly claimed by those
friendly to the Insurance interests
that the bin win he killed when II
gets over 20 the te committee on
Insurance,
Whether this can ne done remains
ga be seen, say the proponents of the
hill
They havs recently received strong
support for the measure from sources
least expected to approved OF the plan
20 regulate rates,
I A president of ore of the largest
banks in virginia has declared in ia
vor of the bin, Men prominent In
farrnerS otga ntDstiona have asked
mem hers 20 support tho bslL go they
state.