STATISTICS OF LIFE INSURANCE FOR THIRTY YEARS. The following tables show the financial condition and amount of business transacted by life assurance companies reporting to the New York Insurance Department from 1863 to 1892, inclusive: $2,370,243,108 $30,257,467 $655,771,325 $3,056,271 900 $540,507,146 $2,155,247,011 59. 1872 25,578,371 (+) 56. 1873 27,124,575 (t) 50. 1874 25,655,389 45. 1875 24,994,840 38. 1876 22,338,037 34. 1877 20,977.923 13,922,009 60,652,974 356,785 81,909 60,886,669 249,350 67,040 57,371,958 278,272 67.399 53,127,192 339,355 72,267 52,594,649 250,624 80,929 52,637,056 91,945 110,302 351,803,670 799,534 2,086,027,178 1,637,648,872 151,102 448,514,242 848,481 2,023,517.488 174,675 531,170,783 929,853 204,365 631,731,701 1,021,631 12,240,142 79,273,667 331,525 249,297 786,096,741 1,139,894 2,222,413,050 52,436,543 8,306,719 1,988,235 16,230,891 13,827,225 14,271,501 86,707,341 329,407 285,797 880,711,283 1,272,895 3,542,955,751 13,991,226 92,953,614 488,063 323.433 928,256,338 1,400,007 3,861,584,383 * Liabilities at 4 per cent, instead of 4%1⁄2 per cent, as in previous years. 102,621,820 602,783 $1,605,414,719 11,058,676 + Included in death losses. 14.386,195 348,580 947,804,283 1,532,812 4,199,444,397 SYNOPSIS OF PAYMENTS TO LIFE POLICYHOLDERS IN TWENTY YEARS. The following tables show the total annual payments to policyholders by twenty-seven prominent life companies for twenty years (1873-1892), compared with the increase of assets during same period : SYNOPSIS OF PAYMENTS TO LIFE POLICYHOLDERS IN TWENTY YEARS-Continued. PAYMENTS TO LIFE POLICYHOLDERS IN TWENTY YEARS. Years, 1884. 1885. 1886. 1887. 1888. 1889. 1890. 1891. 1892. 1873-1392. $ $ $ $ 565.955 633.834 Etna, Hartford.... 2,960,728 3.119.472 2,978,024 3,025,659 3,181,119 3,641,441 3.556,414 $ $ $ $ $ $ $ $ 3.754.898 4.194.280 64.971,266 17,608,185 38,626,110 21,017.925 686,155 698,163 181.343 155,084 207,018 119.767 117,572 131,997 126,220 165,817 593.943 613,078 699,889 764,969 838,251 10,657,185 2,181,629 Conn. Mut., Hartf'd 5.512,307 5,824.584 5,285,001 5,414.301 5,385,348 5,839.313 5.833.592 5,815.371 5.957,100 210,337 159,058 155,278 5.523.566 1,907,694 5,491,598 3.309,969 189,704 201,435 2,881,082 901,432 2,315,c07 1,413.575 120,954,516 34,896,755 60.760,598 25,863,843 159,069,317 19,160,528 150,591,675 131.431,147 1,300,526 1,200,829 1,302,101 1.352.910 1,537.773 1,568,516 1,862,083 1,799,886 24.381,468 5,256,925 17.744.263 12,487,338 628,897 657,810 796,619 11,585.924 990.339 3.346,153 8,046,881 4,700,728 10,872,810 2,449,907 5,061,651 2,611,744 25.339,024 8,270,870 13,286,908 5,016,038 18.535.367 4.499,115 13.433.6 3.668 8.934.553 31,506,344 1,423.403 16,546,242 15,122,839 New England Mut.. 2,176,901 Penn Mutual, Phila. 1,037,521 299,150 445,240 336,369 287.724,135 58.410,879 173,193,263 114.782.384 95.724 393 26,488,232 51,386,072 24,897,840 8,762,431 7,390,254 1,372,177 7,524,664 954,878 948,701 42.176.332 11,498,416 22,951,813 11,453.397 147,879,584 21.533,061 137,499,199 115,966,138 55.740,391 12,349,811 56,225,025 43,875,214 3.835,067 20,981,678 17,146,611 7,980,895 10,047,249 2,066,354 852,824 703,468 494,624 443,469 904,068 619,458 349.984 379.571 428,306 448,501 580,543 553,312 1,214,004 1,290,254 1,536,643 1,540,263 1,731,566 14,045,915 922,492 7,764,364 1,407,917 1,777,821 23,119,278 21,331,457 8,049,324 6,641,407 215,724 263,828 301,615 298,554 457,940 668,878 819,676 681,666 743,634 690,152 759,810 United States, N. Y. 500,506 526,368 527,414 993.442 1,111,383 1,088,600 1,219,584 1,279,608 1,289,096 1,447,000 1,542,042 Washington, N. Y.. Aggregates (27 co's) 57,903,316 60,875,589 60,517,193 67.378,971 73,308,648 78,247,029 85,476,527 91,590.477 98.359.475 1,256,766,707 258,677,471 893.013,221 634,335.750 636,149 1,149,641 662,446 657,852 742,118 845,101 7,359.303 1,354.656 12,622,999 11,268,343 730,583 9.345.832 8,615,249 6,428,894-294,802 6,861.545 12,645,679 3,900,461 3,411,203 12,012,809 19,812,892 2,961,084 POLICIES ISSUED The following table shows the number and amount of policies issued and terminated, Department for twenty-nine 80,929 222,582,483 55.351 146,983,650 8,268 22,565,252 4,254 7,688,222 72,267 187,504,256 31. 1879 67.399 167,865,390 34. 1878 67,040 34. 56,837 148,596,335 7,633 21,444,339 4,296 7,989,149 67,661 176,606,626 7.359 20,284,347 4,804 9,043,849 156,501, 129 87,222 231,291,618 7,655 20,890,611 4,813 9.355,809 178,283,617 106,046 264,376,280 7,804 20,426,672 PHILLIPS BROOKS ON LIFE INSURANCE. Life insurance has gone forward and is going forward at a tremendous pace; and I am glad to accept it as a sign of the majestic progress of man. There is a cowardly fear of danger and a noble fear of danger. It is cowardly when a man runs away and leaves the danger still dangerous for others. It is a noble fear when a man tries to grapple with and extinguish the lower dangers of life for himself and others, that he may create an atmosphere, that he may help to generate a condition in which man can live his higher life. This work of eliminating dangers becomes the creation of an atmosphere, a stilling of the water, a stilling of the sea, that men may sail their ships to their great purposes and live their lives without having these lower, primary, elementary difficulties and perils which belong to human life. A man without care, a man without anxiety, responsibility, degenerates into another brutehood like that out of which he came before he knew enough to care. But just as great as care is, so little and wretched everywhere is worry. It seems to me that one of the great blessings of vocations such as yours is, that they eliminate a great deal of the worry of life, that they get rid of a great many of these distressing and carking troubles that keep men from living their true lives. Care is like a great sea on whose floods ships are driven forward to their destination. Worry is like the chattering, unruly, fretful movement of the same sea as it gnaws and growls away upon the shore it washes. Blessed be care and cursed be worry! |