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LIFE INSURANCE COMPANIES NOT TRANS

ACTING NEW BUSINESS.

ABSTRACTS COMPILED FROM THE ANNUAL STATEMENTS OF LIFE INSURANCE COMPANIES OF THIS STATE AND OTHER STATES, TRANSACTING NO NEW BUSINESS IN THIS STATE. SHOWING THEIR CONDITION ON THE 31ST DAY OF DECEMBER, 1881.

CHARTER OAK LIFE INSURANCE COMPANY.

HARTFORD, CONN.

[Incorporated May, 1850; commenced business October, 1850.]

GEORGE M. BARTHOLOMEW, President.

CHARLES E. WILLARD, Secretary.

Attorney for service of process in the State of New York, E. E. BROWN, No. 161 Broadway, New York.

I. INCOME DURING 1881.

Cash received for premiums, without deductions........
Notes and loans taken for premiums...

$197,798 69
58,589 33

$256,388 02

Total premium income..

Interest, on

Mortgage loans

Premiums notes, loans or liens

Rents from Company's property....

Total income during the year....

Balance of net or ledger assets December 31st, 1880.

Total....

78,395 14 118,144 03 276,004 86

$728,932 05 9,289,103 25

$10,018,035 30

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Paid for taxes in State where organized, $13,458.07; taxes, licenses, fines and fees in other States, $58,836.94.

Paid for salaries, and other compensation of officers and other office employes

34,725 77

Total..

72,295 OI

Paid for rent ....

15,282 00

Paid for commuting commissions.

100 00

Profit and loss.

Paid for furniture and fixtures and safes for home and agency offices....

Paid for advertising.

Paid for the following items, viz.: Printing and stationery,
traveling and law expenses and reserve release, $81,554.28;
real estate expenses, $100,631.15; fire insurance, interest
and sundry disbursements, $95,296.74. Total....
Total miscellaneous expenses

121,054 49

719 05 437 97

277,482 17

$559,101.46

Disbursements during the year, deducted from above total.

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Loans secured by mortgages on real estate, first liens.

L.726,060 44

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Premium notes and loans on policies in force, the reserves in excess of all indebtedness....

Stocks, Bonds, etc., owned by the Company:

1,550,554 99

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244,965 77

62,247 69

11,708 03

3,119 84

1,131 40

Cash in Company's office and deposited in bank
Bills receivable

Agents' ledger balances.

Cash notes received for premiums

Total net or invested assets as per balance.. Deduct depreciation from cost of assets....

Total net or invested assets less depreciation...

Interest due and accrued on:

IV. OTHER ASSETS.

$8,219.418 19

1,862,644 58

$6,356,773 61

Premium notes, loans or liens..

105,898 99

Bonds and mortgages, bonds and stocks and collateral

loans...

86,720 47

Rents due and accrued on Company's property or lease..

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Deduct average loading on above gross amount (20 per cent)

Net amount of uncollected and deferred premiums ..

Total invested and other assets.. Deduct items not admitted (agents, balances and bills receivable)

3,669 71

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Net present value of all the outstanding policies in force on the 31st day of December, 1881, computed by the Connecticut State Insurance Department, according to the American

Experience Table of Mortality, with 4% per cent interest.. $5,283,023 00

Claims for death losses, and matured endowments, not due..
Claims for death losses and other policy claims resisted..

Total policy claims..

$73,060 66

14,908 70

87,969 36

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Premium notes, loans or liens, on hand Dec. 31st of previous year. $1,719,812 11
Premium notes, loans or liens received during the year.

.......

$6,610,335 41

59,265 73

$1,779,077 84

Deductions during the year as follows, viz.: Notes, loans or

Total......

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NUMBER AND AMOUNT OF POLICIES AND ADDITIONS CLASSIFIED.

Policies in force at the commencement of the year:

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Total number and amount....
Deduct policies decreased and ceased to be in force.

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Total policies in force at the end of the year.

14,119

$15,672,085

Policies in force at the end of the year, including additions:

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Policies which have ceased to be in force during the year, with the mode of their

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