Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1921-08-16
Premium Increase for
1920 Is Three Million
Over Record of 1919
Annual Report Com
piled by State Auditor
Shows Big Gain.
Special to The Tribune.

Helena, Aug. 15.-Insuranee business
| in general throughout Montana showed
marked increase during the year of
1920 as is shown by the annual report
of the insurance department of the
state which has just been completed
and is being placed in the hands Of the
printer by w. S. Hosking, deputy COM
missioner of insurance in the office of
State Auditor George F. Porter.
The recapitalization of premiums re-
ceived by all companies shows an in
| crease of nearly three million dollars
over the year 1919.
At the same time in insurance de-
partment's receipts for the year show
ed an increase of 25.3 per cent over
those of the previous year.
Over S15,OOO,OOO was paid out by
the people of Montana in premiums up
on life, accident, liability, workmen' s
compensation, fidelity, surety and other
classes of insurance and the face value
of the policies in force increased in
figures of millions.
Fire Companies Lead.
During the year ending December 81,
\ AO-Os SaSA plCu4luS4b 1CCCENCu US III
surance companies operating in Mon
tana were as follows:
Fire, Sc, 1890, ,62O.5O; life, S., 7O3, 900 81 !;
assessment life, $106,OO7.37; industrial
insurance. $3.50, ,29O.9S; fraternal So
cieties, $1,O62, ,315.73; miscellaneous
companies, $1,331, ,51S.O3; total, SIS,
O84 4,362.25.
During 1919 the total Of premiums
received was S12.21S.39,SO, so the in
crease of 1920 amounted to 81, $685.
O22. .45.
The bulk of the increase in premi-
ums was shown by the fire insurance
companies and amounted to $2,111,-
57S.13.
The report shows the total of fire
risks written in 1920 as sos, 7S4,
94S So compared with $219,5 .355.S1
in 1919, or an increase Of $77,267,-
593.OS.
Net premium receipts in 1920 were
$6,63O62O.5O, as compared with 81
519,O4o37 in 1919, or an increase of
$2,111, ,57S.13.
Increase in Losses.
At the same time losses showed a
heavy increase, the fire losses paid in
1920 amounting to $3,556, 1854. com
pared with $2,57O,O44.7S in 1919 an
increase of 1886, 72S.S6.
An increase of $16,367, 7706S was
made in 1920 in the policy value car
ried on December 81, 1920, in all
classes of life insurance, including legal
reserve companies, industrial and as
sessment life companies. At that time
there were in force 132, ,151 policies.
representing S195,313, 3,5S3.49, compared
with 1895 policies, representing
$17S,945, ,S12.S1 on December 81, 1919
Legal reserve companies wrote $40.
$50, 1892 in new business during the
year but in that period insurance to the
amount of $27, ,2S9, ,S63.24 ceased to be
in force, leaving the net increase for
the year at $13, 200, 1868.
Like Business Measures
These companies paid losses during
the year amounting to $1,547, ,16O. AS,
q decrease of $529, ,159.42 from those
of the previous year, and incurred loss
es of $1,515, ,5O7.39 a decrease of $216,
9631 16 from 1919.
Assessment life insurance concerns
showed an increase in business over
while the increase in industrial busi-
uCSS dmOuHtCu " Pl,4Vl>SHD,
Premiums received by COMPANIES
Accident, $33O,693. SO; Health. S5S
366.77; liability, $169,62432: work
mems compensation, $1SO,624.35: fidel
ity, $125,677.5s: surety, so4s, ,7s6.10;
burglary and theft, $29,342.17: auto
mobile and team property damage.
$e5, ,421.55: plate glass, s97, 7,54s. s.9S;
Los1ow 01n
$652. .96; livestock, $13,115.39; miscel-
laneous, $1,471 OF: total 1920. s1,331,
518.O3; total, 1919, $1,130.326. .9S; in
crease $192.191.O5
State Gets $3i4,Os8.
During 1920. Montana. through the
insurance department, received from
in fees and taxes. $314.OS8.61. com,
pared with $25O.651 for 1919 an !
increase Of $63, 1867, a percentage
increase Of 25.3.
These cash receipts are itemized as
follows: Agents licenses, 1929 Mt
IS each. $5O,645; annual statements
392 at $25 each, $3.50; filing char,
ters and first papers, 52 at $500 each.
each. $4,000; fraternaI order fees. "a
at $40 each, $500; fire marshal fnnd |
S1O.24R.61 while miscellaneous receints
were 81 1864.
Three hundred and fifty -four insur-
ance companies were engaged in bust
ness in Montana on April l, 1921, listed
is follows:
Fire companies, 13S; domestic mu-
tual fire companies. 2; fire reinsurance
SO; life insurance com
,anies, 43; assessments life insurance
2; life reinsurance COM
,anies, 3yffraternal insurance societies,
80; farmers mutual insurance com