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........ $197,798 69 $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 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, 121,054 49 719 05 437 97 277,482 17 $559,101.46 Disbursements during the year, deducted from above total. Loans secured by mortgages on real estate, first liens. L.726,060 44 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 99 244,965 77 62,247 69 11,708 03 3,119 84 1,131 40 Cash in Company's office and deposited in bank 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.. 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 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.. Total policy claims.. $73,060 66 14,908 70 87,969 36 Premium notes, loans or liens, on hand Dec. 31st of previous year. $1,719,812 11 ....... $6,610,335 41 59,265 73 $1,779,077 84 Deductions during the year as follows, viz.: Notes, loans or Total...... NUMBER AND AMOUNT OF POLICIES AND ADDITIONS CLASSIFIED. Policies in force at the commencement of the year: Total number and amount.... 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: Policies which have ceased to be in force during the year, with the mode of their |