REGISTERED POLICIES. The following table gives the account of the only registering company, and the numbers and amounts in force, with the reserve and deposits to meet the same, on the 30th day of June, 1881: The following co-operative life associations and societies. 'have been denied permission to transact business in this State. Bay State Beneficiary Association, Westfield, Mass.; Buckeye Mutual Accident Association, Canton, Ohio; Detroit Mutual Benefit Association, Detroit, Mich.; Fidelity Beneficial Society, Elizabeth, Penn.; Fidelity Mutual Aid Association, Philadelphia; Golden Rule Mutual Aid Association, Reading, Penn.; Great Eastern, Baltimore, Md.; Hartford Life and Annuity Company, of Hartford, Conn.; Home Mutual Association, Lebanon, Penn.; Home Benefit Association, San Francisco; Harmony Mutual Relief Association, Williamstown, Penn.; Hope Mutual Aid Association, Herndon, Penn.; Keystone Mutual Benefit Association, Mifflinton, Penn.; Littletown Mutual Relief Association, Littletown, Penn.; Mutual Endowment and Relief Association, Cardington, Ohio; Mutual Health and Benefit League, Worcester, Mass.; Mutual Benefit Life Company, Hartford, Conn.; National Mutual Benefit Association, Louisville, Ky.; National Mutual Aid Association, Columbus, Ohio; North-western Mutual, of Detroit, Mich.; Order of Chosen Friends, Indianapolis, Ind.; Standard Life Association, Mansfield, Ohio; Seven Valley Mutual Aid Association, York, Penn.; State Aid Society, Columbus, Ohio; Swartara Mutual Aid Association, Steelton, Penn.; Vermont Accident Association, Rutland, Vt.; York County Mutual Aid Association, York, Penn. The Hartford Life and Annuity Company brought proceedings on a motion for a mandamus to compel the Superintendent to file its annual statement for 1881. The motion was denied by Judge Learned, who in an elaborate and exhaustive opinion decided all the points in favor of the Superintendent. LIFE INSURANCE COMPANIES. Table No. I. The business of Life Insurance, by companies of this and other States, is shown by this table. ASSETS. Table No. II. Gives the Assets of Life Insurance Companies doing business in this State on the thirty-first of December last. The gross assets amount to $429,277,459.60, an increase of $11,326,450.29, compared with the amount reported in 1880. Of this gross amount of assets home companies possess $225,966,512.02; other State's companies, 203,310,949.58. The item of premium notes and loans has decreased since January, 1881, $1,817,119.17. Deferred and unpaid premiums have increased $159,530.76, during the year. LIABILITIES. Table No. III. If capital stock be excepted, the Liabilities aggregate $355,864,296.31. The increase during the year was $10,474,956.29. The liabilities of New York State companies were $187,050,970.48; of other States, $169,813,325.83. The ag gregate surplus, as regards policyholders, $72,413,163.29. Of New York companies the surplus amounts to $38,915,541.54; of other States, $33,497,621.75. INCOME. Table No. IV. The aggregate amount of Income was $79,407,846.90, being $3,476,747.40 more than was received in 1880, of which $77,749,600.48 were returned as cash, and $1,658,246.42 as premium notes and loans. The aggregate excess of income over expenditures was 14,905,212.30. Five companies expended $651,363.42 over their income. EXPENDITURES. Table No. V. This table presents the aggregrate Expenditures at $65,153,998.02, being $332,581.08 more than in 1880. Of this amount, $30,956,636.10 were paid for losses and claims; $8,497,353.87 for policies lapsed and surrendered; $250,624.37 for dividends to stockholders; $12,579,150.70 for dividends to policyholders; $4,477,222.84 for commissions; $3,240,526.41 to officers and medical examiners; leaving $5,152,483.73 to be accounted for in other ways. The aggre. gate cash expenditures were $62,458,534.01, while the premium note expenditures were $2,695,464.01. POLICY RECORD FOR 1881. Table No. VI. The New York State companies issued $42,821 policies, insuring $133,922,081, while 26,686 policies terminated, insuring $81,379,694. Other States' companies issued 38,108 policies, insuring $88,660,402, while 28,665 policies terminated, insuring $65,603,956; thus making an aggregate of 80,929 policies issued during the year, insuring $222,582,483, and 55,851 policies terminated, insuring $146,983,650. It appears from this table that the companies did more new business than in the preceding year; while 1,486 less policies, and $1,612,685 less insurance terminated, compared with the previous year. How these policies terminated, in the case of each company, with the number and amount, may also be seen by a reference to this table. INCREASE AND DECREASE OF INSURANCE. Table No. VII. This table shows the business done by each company as compared with the preceding year, and the aggregate of increase or decrease. Twenty-three companies show an increase of 28,502 policies, while six present a decrease of 2,924 policies. Twenty companies show an increase in the amount of insurance of $84,286,764, while nine return a decrease of $8,687,931, thus giving a net increase of 25,578 policies, and $75,598,833, in amount insured. CLAIMS BY DEATH. Table No. VIII. Table No. VIII shows the Number and Amount of Claims. by death, the ratios of the same to the average number and amount of policies in force for the years 1879, 1880, 1881. The aggregate in 1881 was greater than that of 1879 by 1,029 in number, and $2,519,428 in amount; it was greater than that of 1880 by 742 in number, and $1,355,434 in amount. Six companies show a less number, and eleven a less amount of claims as compared with 1879, while five companies show a less number, and nine a less amount as compared with 1880. The corresponding ratios in the case of each company, and in the aggregate for each year, are also given in this table. RATIOS. Table No. IX. Table No. IX gives the Ratios obtained by a comparison with each other in various ways of the net assets, reinsurance reserve, risks in force, premium notes and loans, deferred and uncollected premiums, and the amount of each, singly and in gross. POLICIES CLASSIFIED, AND NEW YORK BUSINESS. Table No. X. Table No. X gives the kind of Policies issued by each company, and the business done in the State of New York during the year 1881. It will be seen that at the close of last year the companies doing business in this State had out standing 627,265 policies, insuring $1,539,848,581. Of these, 486,864, insuring $1,252,837,272, were whole life; 121,400, insuring $247,535,428, were endowment; 19,001, insuring $39,475,881, represented all other kinds of policies, including short term and irregular. Table No. X also shows the business done in New York, as reported, 114,733 policies insuring $324,434,755, were in force on the 31st day of December, 1881. During the year preceding, 11,086 policies, covering $33,766,877 of insurance, were issued; 10,807,355.88 were received in premiums, $6,446,237,38 were paid for losses, and $6,642,617.21 represented the losses incurred. COMPANIES AUTHORIZED. Table No. XI gives a complete list of the Life and Casualty Insurance Companies authorized to transact business in this State, December 31, 1881, with their location, officers, and in the case of companies from other States, the name and address of the attorney upon whom process may be served. |