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F. Albert Kurtz.

Twenty-Sixth Annual Report of the Insurance Commissioner of the State of Maryland, to His Excellency Lloyd Lowndes, Governor, June, 1st 1897. (Volume 1898)

. (page 33 of 38)




Total 29,819 $70,991,19146

Terminated in 1896 4,865 13,330,750 00



In force December 31 , 1896 24,954 $57,660,441 46



Policies reinsured 491,000 00



Business in Maryland in 1896 :

In force December 31 , 1895 247 $679,383 00

New policies issued 47 154,162 00

Total 294 $833,545 00

Terminated in 1896 61 247,866 00



In force December 31, 1896 233 $585,679 00



Premiums received $21,077 79

Losses paid 24,375 00

Losses incurred 26,875 00



4:32 Massachusetts Life Insurance Go. of Massachusetts.



SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE

MASSACHUSETTS MUTUAL LIFE INSURANCE CO.
OF MASSACHUSETTS.

Commenced Business 1851.

John A. Hall, President. Henry M. Phillips, Secretary.

Principal Office, Springfield, Mass.

Attorney to accept service in Maryland, - - - J- Bannister Hall.

General Agent in Maryland, - - - - F. S. Biggs.

Summary of assets, December 31, 1896.

Real estate I 540,250 42

Loans on mortgage of real estate 6,591,330 26

Stocks and bonds owned by the company,

market value 7,276,908 76

Loans on collaterals , 678,910 00

Interest due and accrued. 326,988 63

Cash in company's oilice and in bank 516,404 73

Premiums in course of collection 534,896 81

Loans on company's policies 1,377,571 00

Premium notes ■ • - 699,988 29

All other assets as per detailed statement. . . 3,711 06

Total admitted assets 118,546,959 96

Liabilities:

Losses reported, adjusted and unpaid $ 170,590 65

Re-insurance reserve required by law 16,916,438 00

Unpaid dividends due and to become due to

policy holders 112,030 83

Premiums paid in advance 5,208 84

Gross liabilities, exclusive of capital. $17,204,268 32

Surplus as regards policy holders $1,342,691 64

Income, during year:

Cash premiums received $3,572,083 05

Interest on mortgages 411,963 83

Interest on loans and dividends 373,585 01

From discount on claims paid in advance . . 97 29

Rents 15.553 00

From other sources 90,291 50

Actual cash income $4,463,573 68



Massachusetts Life Insurance Co. of Massachusetts. 433



Expenditures during year:
Amount paid for losses and matured en-
dowments $1,115,986 32

Cash dividends and other payments to policy

holders 871,295 51

Commissions and brokerage 459,351 22

Salaries and fees 219,189 67

Taxes paid 60,830 74

Rent 26,934 26

Advertising, printing, stationery and postage. 56,374 48

All other payments and expenses 39,166 91



Actual cash expenditures 12,849,129 11

ExMhii of policies:

No. Amount.

In force December 31, 1895 37,903 $97,071,661 00

New policies issued 8,749 20,156,550 00

Old policies revived 51 129,884 00

Old policies increased 43,241 00

Additions by dividends 104,707 00



Totals 46,703 |117,506,043 00

Terminated in 1896 5,777 14,638,982 00



In force December 31, 1896 40,926 $102,867,061 00



Policies re-insured $1,006,123 00



Business in Maryland in 1896 :

In force December 31, 1895 253 §947,010 00

New policies issued 114 316,500 00

Totals 367 11,263,510 00

Terminated in 1896 34 173,455 qO



In force December 31, 1896 333 $1,090,055 00



Premiums received $39,493 07

Losses paid 3,000 00

Losses incurred , 3,252 00



4:34: Metropolitan Life Insurance Co. of Neio York.



SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE

METROPOLITAN LIFE INSURANCE COMPANY
OF NEW YORK.



Commenced Business 1S67. Capital Stock $2,000,000.



John R. Hege.man, President. George B. AVoouward, Secretary.

Principal Office, Madison Square, New York City.

Attorney to accept se7'vice in Maryland — Charles C. Bombaugh.

General Agents in Maryland^Y^K-^v^ Moxey, August Brock, W. Frank
Mallalieu and Frederick Shaw.



Summary of assets, Decemher 31, 1896.

Eeal estate §8,102.985 24

Loans on mortgage of real estate 11,754,018 00

Stocks and bonds owned by the company,

market value 8,633,256 51

Interest due and accrued 318,471 81

Cash in company's office and in bank 961,089 50

Premiums in course of collection 547,035 42

Premium notes 61,891 95

Loans on company's policies 16,578 49

All other assets as per detailed statement. . . 11,190 97

Total admitted assets §30,406,517 89

Assets not admitted in Marylaiul:
Deposits in various States and countries for
the protection of policy holders in such

States, market value §222,450 00

222,450 00

Total assets §30,628,967 89

Liabilities:

Losses reported, adjusted and unpaid §192,731 94

Re-insurance reserve required by law 22,795,158 00

Unpaid dividends due policy holders 4,524 94

Amount due and accrued on account of

salaries, etc 106,657 90

Special reserve 1,875,211 00

Dividend reserve 600,000 00

All other liabilities as per detailed statement

on file 2,383 62

Gross liabilities, exclusive of capital. . 25,576,667 40

Surplus as regards policy holders §5,052,300 49



Metropolitan Life Insurance Co. of Neio Yorli.. 435

Income dtiring year :

Cash premiums received $19,306,195 84

Interest on mortgages. . . 532,806 89

Interest on loans and dividends 333,343 44

From interest on other debts due the com-
pany 19,349 90

From discount on claims paid in advance . . 17,689 53

Rents 304,1 29 85

From other sources 35,078 46

Actual cash income $20,548,593 91

Expenditures during year :

Amount paid for losses and matured endow-
ments §6,965,656 31

Cash dividends and other payments to policy

holders 151,021 25

Commissions and brokerage 2,975,663 31

Salaries and fees 3,239,693 85

Taxes paid 227,179 74

Cash paid stockholders for interest or divi-
dend 140,000 00

Rent 138,842 01

Cash paid for commuting renewal commis-
sion 910,107 71

Advertising, printing, stationery and postage. 237,226 42

All other payments and expenses 399,977 65

Actual cash expenditures $15,385,368 25

Exliibit of policies:

No. Amount.

Ordinary policies in force December 31, 1895. . 23,253 $26,570,719 00

New policies issued 16,228 16,021,159 00

Old policies revived 255 282,924 00

Old policies increased 10,684 00

Totals 39,736 $42,885,486 00

Terminated in 1896 8.901 9,787,635 00

In force December 31, 1896 30,835 $33,097,851 00

Industrial policies in force December-31, 1895. 3,458,846 $416,062,194 00
New policies issued and revived 1,222,065 169,820,543 00

Totals 4,680,911 $585,882,737 GO

Terminated in 1896 1,037,342 131,814,733 00

In force December 31, 1896 3,643,569 $454,068,004 00



436 Michigan Mutual Life Insiirance Co. of Michigan.

Business in Maryland in 1896 :
Ordinary policies in force December 31, 1895 .... 689 $712,415 00

New policies issued 308 325,697 00

Total 997 $1,038,112 00

Terminated in 1896 179 189,593 00

In force December 31, 1896 818 $848,519 00

Industrial policies in force December 31, 1895. . . 177,011 $21,301,499 00
New policies issued 48,382 6,699,209 00

Total 225,393 $28,000,708 00

Terminated in 1896 45,851 5,578,429 00

In force December 31 , 1896 179,542 $22,432,279 00

Premiums received .' , $781,391 82

Losses paid 260,827 44

Losses incurred 261,582 96



SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE

MICHIGAN MUTUAL LIFE INSURANCE COMPANY
OF MICHIGAN.

Commenced Business 1S67. Capital Stock $250,000.

O. R. Looker, President. James H. Cummins, Secretmy.

Principal Office, No. 150 Jefferson Ave., Detroit, Mich.
Attorney to accept service in Majyland, - - - - W. M. Conway.

General Agents in Maryland, - - W. M. Conway & Co.

Summary of assets December 31, 1896 :

Real estate $563,684 66

Loans on mortgage of real estate 3,800,542 26

Interest due and accrued 125,726 50

Cash in company's office and in bank 181,162 49

Premiums in course of collection 72,668 91

Premium notes 104,778 74

Loans on company's policies .'. 410,766 94

All other assets as per detailed statement 4,427 19

Total admitted assets $5,263,757 60

Less agents' credit balances 1,575 50

$5,262,182 10

Assets not admitted in Maryland :
Deposits in various States for the protection of
policv holders in such States, market value.. . $109,400 00
^ 109,400 00

Total assets $5,371,582 10



Michigan Mutual Life Insurance Co. of Michigan. 437

Liabilities:

Losses reported, adjusted and unpaid $31,915 88

E.e-insurance reserve required by law 4,929,435 00

Unpaid dividends due policy holders 1,361 42

Amount due and accrued on account of salaries,

etc 3,098 62

All other liabilities as per detailed statement on

file 13,138 43

Gross liabilities, exclusive of capital. .... §4,978,949 35

Surplus as regards policy holders $392,632 75

Income during year:

Cash premiums received $1,010,198 76

Interest on mortgages 238,210 56

Interest on loans and dividends 31,342 28

Eents 13,265 83

From other sources 977 70

Actual cash income $1,293,995 13

Expenditures during year:

Amount paid for losses $313,201 31

Cash dividends and other payments to policy

holders 261,718 56

Commissions and brokerage 136,195 58

Salaries and fees 74,570 51

Taxespaid 27,140 84

Cash paid stockholders for interest on dividends. 25,000 00

Rent 9,829 42

Advertising, printing, stationery and postage. . . 20,806 73

All other payments and expenses 54,740 36

Actual cash expenditures $923,203 31

Exhibit of policies:

No. Amount.

In force December 31, 1895 15,062 $28,453,304 85

New policies issued 1,781 4,201,102 95

Old policies restored 250 515,526 85

Old policies increased 20 61,020 32

Transferred (forms) 44 124,008 69

Transferred (State) 217 497,846 60

Totals 17,374 $33,852,820 36

Terminated in 1896 2,479 6,221,487 11

In force December 31, 1896 14,895 $27,631,333 25



438 The Muhial Life Insurance Co. of New York.

Business in Maryland in 1896:

In force December 31, 1895 307 |768,812 43

New policies issued 17 56,521 89

Total 324 8825,334 32

Terminated in 1896 73 253,890 09

In force December 31, 1896 251 $571,444 23

Premiums received $28,251 29



SWORN STATEMENT FILED IN THIS DEPARTMENT OF

THE MUTUAL LIFE INSURANCE COMPANY
OF NEW YORK.

Commenced Business 1843.

Richard A. M. McCurdy, President. William J. Easton, Secretary.

Principal Office, No. 32 Nassau Street, New York City.
Attorney to accept service in Maryland— O . F. Bresee.
General Agent in Maryland— O . F. Bresee;

Herbert M. Fell, Eastern Shore, Md.

Summary of assets December 31, 1896:

Real estate. $22,767,666 65

Loans on mortgage of real estate 71,543,929 56

Stocks and bonds owned by the com-
pany, market value 108,203,380 41

Loans on collaterals 11,091,525 00

Interest due and accrued 2,279,843 32

Cash in company's office and in bank. . 12,680,390 00

Premiums in course of collection 4,142,001 79

All other assets as per detailed state-
ment 113,709 95

Total admitted assets $232,822,446 68

Assets not admitted in Maryland:
Deposits in various States and countries
for the protection of policy holders in

such States, market value 1,921,701 74

— 1,921,701 74

Total assets $234,744,148 42



The Mutual Life Insurance Co. of New York. 439



Liabilities:
Losses reported, adjusted and unpaid.. . $1,223,926 21
Re-insurance reserve required by law. . . 191,001,163 00

Premiums paid in advance . 293,706 51

All other liabilities as per detailed state-
ment on file 315,540 00

Gross liabilities, exclusive of cap-
ital 1192,834,335 72



Surplus as regards policy holders 41,909,812 70



Income during year:

Cash premiums received 139,593,414 20

Interest on mortgages 3,452,176 75

Interest on loans and dividends 4,515,060 04

Interest on other debts due the com-
pany 792,885 49

Rents 900,361 54

From other sources 448,797 25

Actual cash income 149,702,695 27



Expenditures during year:

Amount paid for losses $15,070,664 41

Cash dividends and other payments to

policy holders 10,366,905 09

Commissions and brokerage 5,511,225 07

Salaries and fees 2,036,431 16

Taxes paid 589,492 94

Rent 175,000 00

Advertising, printing and stationery,

postage and exchange 779,042 44

All other payments and expenses 1,689,814 03

Actual cash expenditures $36,218,575 14

Exhibit of policies:

IVo. Amount.

In force December 31 , 1895 314,024 $898,458,857 00

New policies issued 52,034 128,801,803 00

Old policies revived 1,740 4,084,913 00

Old policies increased 10 2,625,213 00

Old policies changed 2 167,905 00



Totals 367,810 $1,034,138,691 00

Terminated in 1896 41,035 116,207,780 00

In force December 31, 1896 326,775 $917,930,911 00



Policies reinsured $100,000 00

Annuities in force December 31, 1896 2,727 767,427 45



4:40 Mutual Benefit Life Insurance Co. of New Jersey.



Business in Maryland in 1896:

In force December 31, 1895 4,611 $17,814,256 00

New policies issued 1,179 1,363,104 00

Total 5,790 $19,177,360 00

Terminated in 1896 572 1,103,000 00

In force December 31, 1896 ' 5,218 $18,074,360 00

Premiums received $389,635 29

Losses paid 260,341 03

Losses incurred 265 840 31



SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE

MUTUAL BENEFIT LIFE INSURANCE COMPANY
OF NEW JERSEY.

Commenced Business 1845.

Amzi Dodd, President. Edward L. Dobbins, Secretary.

Principal Office, No. 752 Broad Street, Newark, N. J.
Attorney to accept service in Maryland, - - - H. P. Goddard.

General Agent in Maryland, - . - H. P. Goddard.

Summary of assets December 31 , 1896 :

Real estate $ 2,044,366 25

Loans on mortgage of real estate 33,546,132 11

Stocks and bonds owned by the company,

market value 11,941,517 51

Loans on collaterals 1,994,700 00

Interest due and accrued 1,219,004 69

Cash in company's office and in bank 675,415 87

Premiums in course of collection 769,201 73

Premium notes 4,482,157 35

Loans on company's policies 4,074,313 61

Total admitted assets $60,746,809 12

Deduct agent's credit balances 3,823 66

$60,742,985 46

Liabilities:

Losses reported, adjusted and unpaid % 243,326 68

Re-insurance reserve required by law 55,655,211 70

Unpaid dividends due policy holders 350,620 63

Amount due and accrued, account salaries,

etc 20,000 00

Premiums paid in advance 16,806 86

All other liabilities, as per detailed state-
ment on file 150,000 00

Gross liabilities, exclusive of capital . . 56,435,965 87

Surplus as regards policy holders $4,307,019 59



MuUiol Benefit Life Ins. Co. of New Jersey. 441



Income during year :

Cash premiums received $8,189,917 19

Interest on mortgages 1,820,997 90

Interest on loans and dividends 844,361 03

Interest on other debts due the company. . . 280,978 58

From discount on claims paid in advance. . 1,618 23

Rents 77,932 92

From other sources 8,112 11



Actual cash income $11,223,917 96



Expenditures during year :
Amount paid for losses and matured endow-
ment $3,850,360 21

Cash dividends and other payments due pol-
icy holders 3,216,100 98

Commissions and brokerage 797,740 04

Salaries and fees 301,218 41

Taxes paid 262,403 70

Advertising, printing, stationery and postage. 54,134 38

Legal and miscellaneous expenses 69,830 45

Cash paid for repairs and expenses on real

estate 26,861 97

All other payments and expenses 194,452 20



Actual cash expenditures $8,773,102 34

Exliibit of policies:

No. Amount.

In force December 31, 1895 84,916 $218,274,518 00

New policies issued 12,843 29,692,911 00

Old policies revived 87 252,433 00

Old policies increased 30 68,727 00

Additions by dividends 555,562 00



Total 97,876 $248,844,151 00

Terminated in 1896 9,897 24,287,983 00



In force December 31, 1896 87,979 $224,556,168 00



Business in Maryland in 1896.*

In force December 31, 1895 1,296 $3,848,976 00

New policies issued 145 329,244 00

Total 1,441 $4,178,220 00

Terminated in 1896 143 385,180 00



In force December 31, 1896 1,298 3,793,040 00



Premiums received $106,371 01

Losses paid 164,498 00

Losses incurred 168,631 00



442 National Life Insurance Co. of Vermont.



SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE

NATIONAL LIFE INSURANCE COMPANY
OF VERMONT.

Commenced Business 1850.

Charles Dewey, President. Joseph A. DeBoer, Secretary.

Principal Office, No. 116 State Street, Montpelier, Vt.

Attorney to accept service in Maryland^ - - - M. H. Goodrich.

General Agent in Maryland, - - M. H. Goodrich.

Summary of assets December 31, 1896 :

Real estate $1,325,700 00

Loans on mortgage of real estate 4,347,726 25

Stocks and bonds owned by the company,

market value 4,871,778 74

Loans on collaterals 194,422 00

Interest due and accrued 357,384 56

Cash in company's office and in bank 501,576 07

Premiums in course of collection 374,640 11

Premium notes 339,160 95

Loans on company's policies 1,475,632 66

Total admitted assets 113,788,021 34

Liahilities:

Losses reported, adjusted and unpaid.- % 68,100 00

Re-insurance reserve required by law 11,416,187 69

Unpaid dividends due policy holders 8,168 30

Premiums paid in advance 4,492 47

Amount due and accrued on account of sala-
ries, etc 17,819 00

All other liabilities as per detailed statement

on file 369,561 68

Gross liabilities, exclusive of capital. . 11,884,329 14

Surplus as regards policy holders $1,903,692 20

Income during year :

Cash premiums received $ 2,811,062 97

Interest on mortgages .... 202,613 97

Interest on loans and dividends 292,380 02

Interest on other debts due the company. , . 15,608 81

From discount on claims paid in advance.. . 240 34

Rent 33,885 62

Prom other sources 1,564 04

Actual cash income $3,357,355 77



National Life Insurance Co. of Yennont. 443



Expenditures during year :

Amount paid for losses and matured endow-
ments %

Cash dividends and other payments to
policy holders

Commissions and brokerage

Salaries and fees

Taxes paid

Eent

Cash paid for commuting renewal commis
sion

Advertising, printing, stationery and postage

All other payments and expenses

Actual cash expenditures



690,275 85



569,703


18


396,289


99


129,241


41


75,120 37


26,878 41


17,104 35


! 42,128


91


39,652


90



$1,986,395 47



Exhibit of Policies.



In force December 31, 1895.

New policies issued

Old policies revived

Old policies increased . . . .
Additions by dividends. . . .



Totals

Terminated in 1896.



No.


Amount.


32,472


$69,723,642 00


6,518


13,397,198 00


72


205,286 00




3,656 00




5,064 00



59,332
4,980



In force December 31, 1896 34,352



Business in Maryland in 1896



In force December 31, 1895.
New policies issued



286
47



Totals

Terminated in 18.96

In force December 31, 1896.



666
44



289



?83,334,846 00
10,860,115 00

572,474,731 00



$772,732 25
133,340 18

906,072 43
92,800 00

$813,272 43



Premiums received $32,327 65

Losses paid 1,000 00

Losses incurred 1,000 00



444 New England Mut. Life Ins. Co. of Massachusetts.



SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE

NEW ENGLAND MUTUAL LIFE INSURANCE CO.
OF MASSACHUSETTS.



Commenced Business 1843.



Benjamin F. Stevens, Pi'esident. Alfred D. Foster, Secretary.

Principal Office, Post Office Square, Boston, Mass.

Attorney to accept service in Mayyland - - - Frederick A. Savage,

General Agent in Maryland - - Frederick A. Savage.



Summary of assets December' 31, 1896 :

Real estate | 1,922,932 53

Loans on mortgage of real estate .5,308,964 00

Stocks and bonds owned by the company,

market value 14,390,060 18

Loans on collaterals 1,533,376 74

Interest due and accrued 269,964 29

Cash in company's ofiBce and in bank 778,314 86

Premiums in course of collection 280,590 68

Premium notes 653,786 87

Loans on company's policies 759,983 93

All other assets as per detailed statement. . . 12,930 75

Total admitted assets $25,910,904 83

Liabilities :

Losses reported, adjusted and unpaid $ 105,040 00

Re-insurance reserve required by law 23,594,476 43

Amount of distribution due policy holders. 125,439 49

Gross liabilities, exclusive of capital. . $23,824,955 92



Surplus as regards policy holders $2,085,948 91



Income during year:

Cash premiums received $3,825,936 36

Interest on mortgages 239,154 40

Interest on loans and dividends 674,547 85

Interest on other debts due the company. . . 115,517 58

From discount on claims paid in advance. . . 7,680 58

Rents 86,335 92

From other sources - 6,528 35

Actual cash income $4,455,701 04



New England Mut. Life Ins. Co. of Massachusetts. 445



Expenditures during year :
Amount paid for losses and matured and

discounted endowments S] ,868,401 98

Cash dividends and other payments to policy

holders 1,175,955 23

Commissions and brokerage 275,869 35

Salaries and fees 179,776 86

Taxes paid 82,147 07

Rent 21,714 09

Cash paid for commuting renewal commis-
sion 14,430 28

Advertising, printing, stationery and post-
age 53,964 20

All other payments and expenses 94,658 18

Actual cash expenditures $3,766,926 24

Exhibit of x>olicies:

No. Amount.

In force December 31, 1895 34,969 $98,597,056 00

New policies issued 3,950 9,951,800 00

Old policies revived 64 183,211 00

Old policies increased 154,656 00

Addition by distribution 2 40,896 00

Total 38,985 $108,927,619 00

Terminated in 1896 3,066 8,931,527 00

In force December 31, 1896 35,919 $99,996,092 00

Business in Maryland in 1896 :

In force December 31, 1895 411 $1,266,632 00

New policies issued 89 301,018 00

Total 500 $1,567,650 00

Terminated in 1896 28 88,257 00

In force December 31, 1896 472 $1,479,393 00

Premiums received $45,552 75

Losses paid 19,566 00

Losses incurred 19,566 00



4:4:6 New York Life Insurance Co. of New York.



SWORN STATEMENT FILED IN THIS DEPARTMENT OF THE

NEW YORK LIFE INSURANCE COMPANY
OF NEW YORK.

Commenced Business 1845.

John A. McCall, President. Charles C. Whitney, Secretary.

Principal Office, Nos. 346 and 348 Broadway, New York.

Attorney to accept service iii Maryland, . . . Joseph A. Knott.

General Agents in Maryland— Georg'e I. Richardson, W. H. Gibson.

Summary of assets December SI , 1896 :

Real estate $ 13,802,500 00

Loans on mortgage of real estate 37,509,910 21

Stocks and bonds owned by the company,

market value 103,707,796 48

Loans on collaterals 984,200 00

Interest due and accrued 1,380,733 85

Cash in company's office and in bank 2,877,303 80

Premiums in course of collection 4,562,908 39

Premium notes in force 1,023,613 28

Loans on company's policies 5,972,778 69

All other assets as per detailed statement. . . 41,994 51

Total admitted assets $171,863,739 21

Assets not admitted in Maryland :
Deposits in various States and countries for
the protection of policy holders in such

States and countries, market value $9,739,071 31

Cash deposit with foreign government 2,523,695 34

Real estate in foreign countries 3,049,900 00

â–  15,312,666 65

$187,176,405 86
Liabilities:

Losses reported, adjusted and unpaid $ 2,512,245 06

Re-insurance reserve required bylaw 158,115,938 00

Extra reserve 396,040 22

Dividends due policy holders 90,981 61

Amount of policy trust funds held by the

company 190,387 38

All other liabilities as per detailed state-
ment on file 188,816 61

Gross liabilities, exclusive of capital . $160,494,408 88

Surplus as regards policy holders $26,681,996 98



Neici YorTc Life Insurance Co. of New York. 447

Income during year:

Cash premiums received 131,138,075 64

Interest on mortgages 1,738,975 21

Interest on loans and dividends 5,401,728 50

Rents 702,619 98

Interest on bank and trust company deposit. 140,158 67

From other sources 18,000 00



Actual cash income . $39,139,558 00



Expenditures during year:
Amount paid for losses and endowments . , . $11,893,387 51
Cash dividends and other payments to pol-
icy holders 6,590,233 15

Commissions and brokerage 4,191,192 18

Salaries and fees 1,727,190 61

Taxes paid 428,795 62

Rent 269,644 71

Advertising, printing, stationery and ex-

pressage 367,940 13

Real estate charges, not including taxes. . . . 162,807 85

Inspection of risks • 79,986 78

All other payments and expenses 687,776 89



Actual cash expenditures $26,398,955 43

Exhibit of policies:

jVo. Amount.

In force December 31, 1895 277,693 $799,027,329 00

New policies issued 54,389 121,564,987 00

Old policies revived 652 1,830,500 00

Additions by dividends 417,378 00



Total 332,734 $922,840,194 00

Terminated in 1896 .' 32,949 96,023,546 00



In force December 31, 1896 299,785 $826,816,648 00

Policies re-insured 1 ,257,021 00



Business in Maryland in 1896 :

In force December 31, 1895 2,157 $6,940,705 00

New policies issued 275 779,291 00



. Total 2,432' $7,719,996 00

Terminated 1896 157 544,913 00



In force December 31, 1896 2,275 7,175,083 00

Premiums received $260,789 81

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