AND TERMINATED. together with the mode of termination, in all companies reporting to the New York Insurance years ending January 1, 1893: 1,042 5,770,641 10,139 33,046,732 18,364 41,809,149 2,087 21,056,922 53,063 164,901,246 1892 1.888 16.473.086 51,059 177.837.006 1891 1,436 11,729,799 42,233 157,517,582 1890 1,718 10,197,061 35.826 133,146.748 1889 8,139.763 28,207 101,456,392 1888 7,131,811 22,936 81,982,192 1887 1,407 1,348 6,310,241 19,497 65,206,763 1886 1,233 8.541 30,853,237 23,434 54.237.857 1874 12,542 43,526,890 30,096 72,856,529 1873 31,387,833 31,687 76,595.957 1872 2,959 6,771,435 33,004 84,548,242 49.549 123,652,153 4,234 15,900,382 13.445 31,720,264 1876 5.772 7,309,765 29,174 79.774,666 61,055 142,903,483 5.937 21,251,653 18,464 43,144.674 1875 1,895 5,191,254 33.396 92,796,824 76,734 179,023,161 2,510,714 30,083 86,541,535 76,570 186,716,581 927 2,387,424 24.457 74,078,715 76,993 190,283,427 1,413 3.545,205 26,506 78,457.761 88,706 214,919,514 1,250 3,118,793 17.783 53,805,449 69,894 175,888,860 5,094,313 14.974 40,237,498 56.465 148,747,676 617 1,638,573 8,826 24,791,886 38,767 103,931,689 1,717 7,833 And blessed be the occupation of men who are doing so much to eliminate worry from our human lives. I can almost think that I ought to recognize, as I walk the streets, the men who have provided for their families by life insurance. Every man should recognize it, in these modern days, and these figures which we have heard would seem to show that almost every man does recognize it as a privilege, and that it is the actual happy condition of almost every man. I know no man who ought not to have his life insured-except it be the Wandering Jew. And perhaps for him some sort of an endowment policy would be a good thing, something that might lead him to lay aside for future use a little of the moss that such a rolling stone as he has been, must have failed to gather. On the other hand, take a man that is abundantly and thoroughly insured. Ought not we to be able to tell his walk as he goes down the street by the side of the man who has neglected the great privilege and duty of life insurance? They are like two men who walk over the slippery streets. One is well shod with galoshes and he plants every footstep firmly and strongly, keeping his eye open for what his business calls upon him to see, using his mind actively upon the work that belongs to that day. The other man is perpetually slipping and sliding, watching his footsteps every time he plants his feet upon the earth. ANALYSIS OF THE ASSETS OF LIFE INSURANCE COMPANIES. The following is a summary analysis and classification of the various items comprising the admitted assets of life insurance companies reporting to the Insurance Department of New York State for twenty-eight years ending January 1, 1893. 108,018,837 24,884,947 10,781,285 134,857,733 25.384.423 12,462,551 164,311,303 22,327,993 189,789,799 21,947,678 210,111,319 21,786,486 219.705.750 23,094,714 217,880,263 30,421,142 201,149,705 38,428,613 189,127,804 41,901,008 173.741,393 42,482,340 23,202,521 164.751,878 38,018,776 160,017,713 29,316,295 172,498,838 15,609,686 29. 1883 51,658,281 187,281,833 13,793,536 29. 1884 54,594,862 205,117,623 12,424,180 29. 1885 29... 1886 73,711,051 12,620,545 24,632,710 13,850,095 4.015,187 7,290,212 401,515,793 86,732,560 24,556,371 22,847,568 18,839,210 4,279.743 6,323,914 99,800,342 40,944,623 21,030,449 17,136,829 4,439,273 5,496,300 IC8,317,854 54,956,690 20,056,509 16,156,995 5,124,614 5,514,003 123,665,167 48,071,315 19,554,249 16,143,080 5,799,880 5,838,580 139,576,454 29,323,177 19,082,071 18,955,008 6,261,469 6,152,875 18,340,628 30,172,438 10,067,362 6,705,252 641,747,870 57,960,553 212,113.962 15.513.937 18,694,821 22,380,295 7,076,252 59,858,297 226,490,391 13,700,568 18,380,049 21,719,388 7,679,341 1887 63,365,008 243,276,486 12,277,094 18,060,548 22,511,383 8,721,897 1888 67.735,150 253,103,737 11,472,312 1889 74,375.614 272,828,457 9,034,818 11,686,633 1890 79.393,530 298,266,723 6,327,959 263,270,115 35.508,462 19.315,053 31,519.386 13,010,198 1891 83,485,520 321,761,222 4,666,494 292,803,275 40,333,714 20,121,557 34.586,983 14,388,471 7,255,616 819,402,852 1892 95,354,245 342,303,532 4.373,115 338,616,904 37,322,513 21,105,284 39.486,698 17,232,234 7,940,012 903.734.537 $93,680,290 $325,761,616 -11,738,226 $332,325,256 $36,356,481 $6,986,403 $36,761,059 $12,598,536 $6,771,000 $839.502,407 6,617,334 753,228,759 4,416,844 60,524,550 10,780,507 26,981,183 6,024,975 60,148,750 14,564,395 18,576,441 32,378,187 6,712,059 61,563,274 13,119,161 34,702,327 7,163,362 57,628,863 43,477,392 5,947,628 54,819,923 13,876,976 50,835,116 5,810,666 49,115,257 14,574,268 55,284,762 6,181,891 41,394.358 12,605,928 62,361,577 6,248,525 32,886,287 9,814,261 70,913,489 4,911,306 29,095,755 12,478,128 22,567,031 15,867,755 6,426,260 302,558,199 335,168,543 14,069,379 7.156 955 8,059,720 360,140,684 387,281,897 8,723.523 8,645,308 403,142,982 5,566,339 8,867,707 407,406,333 4,646,676 9,247,625 396,420,591 4,170,134 8,677,863 404,079,145 166,927,973 16,956,741 183,763.588 22,299,671 195,428,857 25.540,962 218,226,931 25,924,061 240,168,140 30,455,902 19,028,751 32,588,910 6,497,242 595,679,478 6,776,496 696,943.721 471,805,921 LIFE INSURANCE HISTORY. YEARLY BUSINESS OF ACTIVE UNITED STATES LIFE INSURANCE COMPANIES FROM DATE OF COMMENCING BUsiness. THE first State insurance department in the United States was established by act of the Massachusetts Legislature in 1855, and since that time annual reports have been issued by an increasing number of departments, and with growing completeness and fullness of detail, until at the present time nearly every feature of the insurance business is fully reported and brought under review for the enlightenment and benefit of the general insuring public. There are now about fifty-six active level premium American life insurance companies that report to the various insurance departments. Of these sixteen were transacting business before the establishment of State supervision, and consequently no public official record has been kept of their transactions during their earlier years. In the first years of State Supervision the reports were, as was natural, very incomplete as to several matters of detail, which experience has since shown ought to have been more fully reported in order to insure a harmonious and complete record. Occasions often arise in the business experience of a company when it is necessary to refer back to the business of the earlier years of its own or some other company's existence. Before the compilation of the statistics in the following pages was made there was no way of doing this, except by long and laborious researches through old insurance reports, insurance journals and other antiquated records. Knowing the tediousness of these searches by experience, two years ago, at great pains and expense, we made the tabulations given herewith. The New York Insurance Department report, as now compiled, was used as a standard and during the past year the figures have again been carefully gone over and corrections made where necessary, so that the work is as nearly accurate as it is possible to make it, and may confidently be accepted in lieu of the insurance department reports. 1,040.375 $ 3.687,045 6,756 593,925 $ 25,471,104 81,289 132,778,466 23,370,242 77.766 124.907,218 21,406,821 74,014 117 656,382 20,399,690 70,985 110,669,719 16,233,553 67,749 102,904,303 $ 38,626,110 32,325,580 $ 6,300,530 6,228,148 6,085,260 5.956,217 5 788,554 5,649,498 14,486,886 65,485 97.372,334 6,609,904 56,252 8,078,168 55,698 82,719,074 24,030,578 21.231,162 2,799,416 9.557,263 56,987 87,385.555 23.194.555 20,719,824 2,474,731 I1,348,277 56,743 91,454,011 21,822,292 19.815,373 2,006,919 15,182,318 55.572 94,506,992 20,429,864 18,844,151 1,585,713 17,333,108 53,582 98,864,149 18,946,579 17,894.107 1,052,472 701,417 4,467,909 8,791 15,334.287 50,028 100,617.772 17,508,185 16,758.157 850,028 673,079 4,470,109 10,284 17,636,464 47,652 101,327.832 16,193,384 14,802,675 1,390,709 21,705.474 45.679 102,195,224 14,816,782 13,464,306 1,352,476 26,541,472 41.373 103.711,737 13,237,458 38,891,486 39.373 105,088,155 10,415,300 719,912 4,248,087 11,217 753,939 3,250,033 I1,377 884,305 2,582,529 13,337 11,191,366 2,046,092 8,773,806 1,641,494 Charles E. Dark, Treas.; Stanton J. Peelle, Counsel; W. S. Wynn, Actuary. |