Page images
PDF
EPUB
[blocks in formation]

Annual Statement. Figures of All Companies, Fire, Life, Casualty and Fraternals. 193-220
Anti-Coinsurance Laws, States Having.

Anti-Compact States..

416

416

Anti-Discrimination Laws, States Having.

417

Anti-Rebate Laws, States Having.

417

Areas of States and Territories.

437

[blocks in formation]

Association of Superintendents and Captains of Fire Patrols, Etc.

262

Associations of Underwriters-See "Federations," and "Organizations of Under-
writers."

[blocks in formation]

Bonding Companies in the U. S. Officers, Directors, Etc.

Bonding Companies, 1916 Statement Figures.

Boston Insurance Company.

Brokerage-Non-resident

Brooklyn Fire Insurance Premiums.

155-186

215

9

.419, 422

221

[blocks in formation]

Casualty and Miscellaneous Insurance Companies, 1916 Statement Figures.

Casualty and Surety, Experience in 1916.

Casualty and Miscellaneous Insurance Companies in the U. S. Officers, Directors,
Etc.

215

155-186

236

Casualty Companies Organized in 1916-17.

250

Casualt Lines Written by Casualty Companies.

243

Casualty Underwriters' Organizations.

National

329

...

State

Local

Changes in Official Staffs of Companies.

Changes of Name, by Insurance Companies, 1916-17.

Changes of Plan by Insurance Companies, 1916-17.

Chicago Bonding and Insurance Company.

Cities of the United States, Population of.

Coinsurance Clause, Illustrations.

✓Coinsurance Defined

Collision Insurance Defined.

Combination Fire and Casualty Automobile Coverage.

Commercial and Industrial Health and Accident Insurance, Defined..

335

337

246

254

254

162

438

434

433

435

238

435

[blocks in formation]

249

92-94

252

243

Companies Writing Complete Covers in Automobile Insurance.

.417, 424

COPYRIGHT 1917

BY

THE UNDERWRITER PRINTING AND
PUBLISHING CO.

EIGHTY MAIDEN LANE

NEW YORK, N. Y.

366108

H68019
IS
1917

COMPILED BY

THE WEEKLY UNDERWRITER

In every respect the year 1916 was the greatest in The Prudential's history. All previous achievements were surpassed. New policy features were offered to the insuring public and the maximum of Prudential service and Prudential protection, prompt payments, absolute safety, all at the minimum of cost and at the lowest expense-rate, continued as the Company's firmly established policy.

It is a pleasure to quote the following items dealing with the record of The Prudential during 1916 and its financial condition at the close of the year:

Assets
Liabilities

...over 432

Million Dollars

.....nearly 41034 Million Dollars

Payments to Policyholders since Organization,
plus amount held for their security...
Paid-for Insurance Issued and Revived dur-
ing 1916....

over 858 Million Dollars

over 591 Million Dollars

over 282 Million Dollars

(Including Ordinary Insurance of more than $221,000,000)
Increase in Paid-for Insurance in Force..
Real Estate Mortgages, consisting largely of
farm loans.

Paid Policyholders during 1916.
Dividends payable in 1917.

over 114 Million Dollars .over 47 Million Dollars .....over 13 Million Dollars

Paid to Policyholders or their beneficiaries $156,000 each business day in 1916 Paid an average of 537 death claims each business day in 1916 Nearly 15 Million Policies in Force, insuring over

3 BILLION 92 MILLION DOLLARS

Beginning business in 1875, The Prudential has achieved results unequaled by any other company during so short a period of time Following mutualization, about five million dollars was paid or credited in dividends to policyholders in 1916 on contracts which did not call for such payments. Over $5,400,000 was set aside for similar payments to policyholders during 1917. The remarkable figures shown above and this wonderful growth reflect anew the confidence the insuring public has in The Prudential, and are a re-endorsement of its aims, its achievements and its service.

Founded

by

JOHN F

THE

PRUDENTIAL

MAS THE

STRENGTH OF

GIBRALTAR

Industrial

DRYDEN

Insurance

THE PRUDENTIAL INSURANCE

COMPANY OF AMERICA

FORREST F. DRYDEN, President Home Office: NEWARK, N. J. Incorporated Under the Laws of the State of New Jersey

LEADING FEATURES

The Mutual Life Insurance Company of New York is the oldest life company in America, having begun the issue of policies February 1, 1843. It has always been a leader among American companies; conservative, but abreast with the foremost in progressive methods of real merit. The aim of the management is “Pre-eminence in Benefits to Policyholders," rather than supremacy in size or in volume of business written.

The Company is especially noted to-day, as it was in the beginning, for its large annual dividends and its low net cost. Since 1906 it has issued only participating policies, on which it pays dividends annually, including a dividend at the end of the first year; after payment of the second year's premium every dividend is payable when apportioned, whether the accruing premium is paid or not. A postmortem dividend is payable on annual dividend policies, even in case of death before the end of the first year. The sum of $17,518,116.46 was paid to policyholders in dividends in 1916, while $20,435,398.77 has been set aside for dividends to be paid in 1917.

Cash, paid-up or extended insurance surrender values after three full years' premiums have been paid. Loans, at 6 per cent. interest, payable at the end of the policy year, are available at any time after three full years' premiums have been paid, even at the end of the first year.

Policies are free from restrictions as to occupation after one year and incontestable after two years. Free from restrictions as to military or naval service after one year, and, as to residence or travel, from date of issue.

Claims payable immediately on receipt of completed proof. Total payments to policyholders in 1916 amounted to $68,654,843.80, which was $6,748,758.97 more than was received from them in premiums. Women are insured at the same rates as men.

For Terms to Producing Agents, Address

GEORGE T. DEXTER, Second Vice-President

34 NASSAU STREET, NEW YORK, N. Y.

[blocks in formation]

Anti-Coinsurance Laws, States Having..

Annual Statement. Figures of All Companies, Fire, Life, Casualty and Fraternals. 193-220

Anti-Compact States..

416

416

[blocks in formation]

Associations, Mutual Accident..

187

Association of Superintendents and Captains of Fire Patrols, Etc.

262

Associations of Underwriters-See "Federations," and "Organizations of Underwriters."

[blocks in formation]

Bonding Companies in the U. S. Officers, Directors, Etc.

Bonding Companies, 1916 Statement Figures..

Boston Insurance Company.

Brokerage-Non-resident

Brooklyn Fire Insurance Premiums.

49

Synopsis of State Laws Governing.

425

237

434

.270-279-282-329

242

160

268

155-186

215

9

.419, 422

221

Business Failures in the U. S..

Business Life Insurance Defined..

Calendars for 1917-1918..

Canadian Insurance Department Officials..

Casualty and Miscellaneous Insurance Companies, 1916 Statement Figures..

234

430

1

395

[blocks in formation]

Capital Stock Changes by Insurance Companies in 1916-17.

Casualty and Miscellaneous Insurance Companies in the U. S. Officers, Directors,
Etc.

255

215

155-186

236

250

243

329

Coinsurance Defined

Collision Insurance Defined.

State

Local

Changes in Official Staffs of Companies.

Changes of Name, by Insurance Companies, 1916-17.

Changes of Plan by Insurance Companies, 1916-17.

Chicago Bonding and Insurance Company.

Cities of the United States, Population of.

Coinsurance Clause, Illustrations.

Combination Fire and Casualty Automobile Coverage.

Commercial and Industrial Health and Accident Insurance, Defined.

.335

337

246

254

254

162

438

434

433

435

238

435

[blocks in formation]
« PreviousContinue »