The Connecticut labor press., 1920-02-14
AETNA LIFE co. GAINS $13,0OO,OOO
 ASSETS IN YEAR
Seventy -Year-Old Hartford In- surance Company Totals
 $163, 100000.
GREAT GROWTH IN 'l9
President Bulkeley Still at Helm and His Only Two
 Predecessors.

published elsewhere, increased its assets
 SIS, ,30o, ,612.07, making the total assets
 $1630o711246 the accumulation of the
 three score and ten years of life of the
 company which had its start in 1850
 when Hon. Eliphalet A. Bulkeley, one of
 the Y directors of the Htna Insurance
 Company, established the Annuity
 Fund" in a movement to promote the
 development of the life insurance busi-
 ness under the popular name of
 "Etna.''
 On June 6, 1850, the charter of the
 Htna Insurance Company was amended
 and committee composed of Hon.
 Elipha1et A. Bulkeley,-E. c. Ripley and
 mulate plans for the new department.
 Within week after their appointment
 the committee reported as follows
 That capital stock, to be denomi- mated the SAnnaity Fund should be raised to the extent of $150,O00-5 per cent in cash and approved notes for the balance-and to establish life de- partment, to be entrusted to seven mem bers of the board, namely; Robert Buell., Miles A. Futile, John L. Boswell, Eli phalet A. Bu1ke1ey, Roland Mather, E. G. Ripley and Henry z. Pratt, who shall be called managing directors also vice-president of the Ktna Company to be chairman of the managing directors and preside at their meetings; the an- nuity fund to be at all times kept sep arate from other funds of the com pany."
 By common consent Mr. Bulkeley was chosen for the dual position of vice-president of the Etna Company and chairman of the managing direc- tors of the life department with separ- ate quarters on the second floor of the Etna building at 58 State street, Hart ford
 Realization soon came however, that the business of the underwriting and life insurance differed widely at almost every point and in 1853 the directors amendment to the charter separating the life department from the parent company, constituting the stockholders of the annuity fund as a separate cor poration under the name of the Etna Life Insurance Company, with Elipha- let A. Bulkeley as president.
 MT. Bulkeley continued to serve as director of the older company and president of the Etna Life until his sudden death in February, 1872. His son, Hon. Morgan c. Bu1keley, became chief executive of the Ktna Life 1n- surance Company in 1879, succeeding Thomas O. Enders and has served ever since, these men being the only pres idents of the Etna Life Insurance Com pany
 President Buike1ey, who, in addition to conducting the growth of the Ktna Life Insurance Company, has served as governor of Connecticut four years, 1,ae heo 1oa1 CT in municipal and national activities and, during the recent war, organized a new department in his company known as the "Htna Life Partial Payment P1an," which, through the easy terms offered, served 155,488 individual sub scribers in aiding them to buy Liberty bonds, their total subscriptions amount ing to $16,219, 300 in all five loans. In addition to this, the Ktna Life and affiliated companies bought Liberty Loan bonds to the amount of $25,315,o50.
 This department is still to be seen in its location on the third floor of the DEsopo building, where special rooms are occupied, with corps of clerks still handling the details of the vast sub scription response In the same build ing are housed departments of the Ktna Casualty and Surety Company and the Automobile Insurance Com pany, the two Etna subsidiaries. which l also were organized and developed by President Bulkeley.
 Beginning business in 1850 on a cap ital of $150,000, known as the "Etna l (Fire) Insurance Company Annuity | Fund.-, the Ktna Life Insurance Com | pany and its subsequently, formed subsidiary companies have progressed I until assets have been built up, show | ing for 1920 the figure of $188 113,- l 03663. This represents the total assets l of the three affiliated Ktna companies, | the Hstna Life Insurance Company, | Htna Casualty and Surety Company and | the Automobile Insurance Company | Although these three organizations are | together in the offering of | Etna service, each one is a distinct and | separate company and the individual progress of each of these companies | presents a statement of unusual interest l in itself
 The Htna Life Insurance Company had in 1919 its most prosperous and year and issued new life in- surance during the year in the amount of $413,226,247.22, an increase in new business over the previous year to the amount of $237,473, ,503.24 This brings the total life insurance in force up to SSS2, ,o76, ,30986 or an increase in life insurance in force of $219, ,5O4 842 32
 The Ktna Casualty & Surety Com pany at the close of 1907, the first year of its organization, showed total assets to $753, 3,661.27, while at the close of business December 31, 1919. | the total assets recorded, in contrast the high amount of $13,9o3, ,116.94. One of the features demonstrated in the 1919 results of this company IS in~the fact that, although, during the last year the Etna Casualty & Surety Company ceased to write through reinsurance, fire and ocean marine insurance, writing in 1918 premiums of $2,500,000, the loss of premium income from this source was entirely made up for in the vast ir1- crease of fidelity and surety bond busi- ness and other miscellaneous lines writ en, including plate glass burglary, etc.
 The Automobile Insurance Company, in 1913, shows an increase in assets from the close of that year i'll the amount of $6o3,o82.72 to $11, ,022, ,207.22 n 1920, last year developing an increase n assets of $1,806,006.50, an outcome of the rapid development of this com- 'any in writing general fire insurance ocean and inland marine insurance, ex- olosion, riot and civil comnotion, en- zine breakage and other lines of in- ,urance
 The officials Of the T1fna affiliated |