Kansas. Insurance Dept.

Annual report of the Superintendent of Insurance of the State of ..., Volume 39 online

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^TNA LIFE INSURANCE COMPANY.

HARTFORD. OONN.

President, M. G. Bulkblet; secretary. C. E. Gilbbst.
Orsanixed June. 1820. Began business in Kansas about 1866.



Statement for Year ending December 31, 1908.

Capital stoek paid up in cash. I2.000.00a

Amount of ledger assets December 81. 1907 $84,488.467 84

Deduct assets of accident health and liability business, previously included. 4.874.264 69

180,106,206 26

mCOMB.

First year's premiums on original policies, without deductions. $876 , 091 06
Surrender values and dividends applied to pay first year's pre-
miums or to purchase paid-up additions an<l annuities .... 607,862 79

Total new premiums. $1,888,968 84

Renewal premiums 9.248,778 47

Total premium income. $10,682,782 81

Income from all other sources

Total income during 1908, life business 14.290,690 66

Sum of both amounts $94,896,798 80

DISBURSEMENTS.

Death claims paid during 1908 (less $2846 reinsurance) $8,868,962 02

Matured endowments (less $178 reinsurance) 2,849.739 00

Net amount paid for lo ose s and matured endowments. .... $6,706,701 02
For annuities. $18,486.66; premium notes voided by lapse,

$200.96 18.646 61

Surrender values 1.819.694 06

Dividends. 748.217 66

Total paid policy-holders $8,286.168 88

Commissions and bonuses to agents on first year's premium.

$386,927.11; renewal premiums. $606,711.10; annuities,

$8248.99 8a.88220

Offioers* and employees' salaries 287,990 24

AU other disbursements 1,266.720 67

Total disbursements. 1908, life business ^ 10.678.761 84

Balance December 81. 1908 $83.726.042 46

LEDGER ASSETS.

Rkd estate, unencumbered. $616,182 68

Mortgages, bonds, loans on policies, premium notes, etc 77,667.876 46

CSash in company's oflOce and banks 6.488,077 08

AU other assets. 68,967 29

Total ledger assets. $88,726.042 46

Non-ledger assets 8.428.019 78

Gross assets $87,168,062 24

Deduct assets not admitted 70.746 61

Life business $87,082,316 78

Accident, health, and liability business. 6,168.781 92

Total admitted assets December 81. 1908. $92,286,047 65

All classes of policies are secured by the entire assets of the company.

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196 Kansas DepaHment of Insurance.^

LIABILITIES.

Net present value of all outstanding policies in force Decem-
ber 81, 1908. 177.870.876 00

Same for reversionary additions and annuities. 198,322 00

Reserve to provide for accident and health benefits contained

in life policies 12.880 00

Netreserve $77,675.528 00

Death claims in process of adjustment $125,828 00

Death claims reported— no proofs CT.GOS 90

Death claims resisted 31.814 44

All other policy claims. 55,209 41

Total policy claims. 270,411 85

Special reserve under renewable term contracts 976.848 00

All other liabUities. 1 .894 . 426 28

Total liabilities, life business $80,717,214 13

Surplus on life business, including capital stock. $6,365,101 60

LiabUities. accident, health and liabUity businees 8.758. 018 04

Capital stock $2,000.000 00

Unassiffned fund (surplus) 5.766.820 48

Surplus as regards policy-holders. 7.766,820 48

Total liabilities December 81. 1908 $82.23 6.047 66

GENERAL BUSINESS.

No. Amount.

Insurance in force December 81. 1907 154,968 $273,264.482 00

Risks written during 1908. 86,292.480 74

Insurance in force December 81. 1908 » 162,026 282.989.776 74

Premiums received 10,682.782 31

Losses incurred . 8.366.019 00

Losses paid 3.353.962 00

Claims remainins: unpaid December 81. 1908 196,778 00

KANSAS BUSINESS.

Insurance in force December 81. 1907 2.267 $8,374.380 00

Risks written during 1908 1.095 1,828.872 97

Insurance in force December 81. 1908 2,796 4,317,828 97

Premiums received 186,614 84

Losses incurred 48,987 00

Losses paid '. 45,914 00

Claims remaining unpaid December 81. 1906 628 00



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Thirty-ninth Annual Report. 197



AMERICAN CENTRAL LIFE INSURANCE COMPANY.

INDIANAPOLIS. IND.

President M. A. Woollen; secretary. W. W. Dark.

Orsaaized February 28, 1899. Beffan buainess In Kaiuas, 1899. ,



Statement for Year ending December 31, 1908.

Capital atock paid up in cash. $187,000.
Amount of ledger assets December 81. 1907 $1,806,796 16

INCOME.

first year's premiums on original policies, without deductions,

less $146.71 for first year's reinsurance $219,849 84

Surrender values and dividends applied to pay first year's pre-
miums or to purchase paid-up additions and annuities — 16,961 09

Total new premiums. * $286,800 98

Renewal premhims 661.988 40

Total premium income $788,289 88

Income from all other sources 107,414 48

Total income durins 1908 896.668 76

Sum of both amounts $2,701,448 92

DISBURSEMENTS.

Death claims paid during 1906 $96 .026 61

Premium notes voided by lapse 4.748.27

Surrender values 129.062 46

Dividends. 2.618 62

Total paid policy-holders $234,449 86

Onnmissions and bonuses to agents on first year's premiums.

$182,827.88: renewal premhims, $66.720.87 288.648 70

Officers' and employees* salaries. 68.721 89

All other disbursements 141,417 96

Total disbursements. 1906 1 678.137 98

December 81, 1908. $2.028.810 99



LEDGER ASSETS.

Real estate, unencumbered $436,894 19

Mortsaffes, bonds, loans on policies, premium notes, etc 1.479,269 19

Gssh in company's office and banks 100,768 02

AU other assets 6.899 59

Total ledger assets $2,023.810 99

Non-ledger assets 110.030 99

Gross assets. $2,188,841 98

Deduct assets not admitted. 15.141 73

Total admitted assets December 81. 1906 $2,118,200 2S

LIABILITIES.

Net present value of all outstanding policies in force Decem-
ber 81. 1906 $1,766.998 92

Death claims reported— no proofs $12,662 01

Death clafans resisted 6.000 00

Total policy clahns 17.562 01

AU other liabilities x 7. 472 21

Capital stock 187 . 000 00

Surplus 189.182 11

Total liabUities December 81, 1908. $2,118.200 25



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198 Kansas Department of Insura/nce.

OBNBRAL BUSINESS. y^,^ Amount.

iDSunnea in force December 81, 1907 8,446 $21,167,078 00

Risks written daring 1908 8,418 7.664,847 00

Insurance in force December 81. 1906 10,262 24.621.225 00

Premiums receiyed 788.289 88

Losses incurred. 100.577 52

Losses paid 98.026 61

Claims remaining unpaM December 81, 1906 17.562 01

KANSAS Busmssa

Insurance in force December 81. 1907 7 $10.56100

Risks written during 1^ 186 878,239 00

Insurance in force December 31, 1906 198 888,800 00

Premiums received 8,869 88



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Thirty-ninth Annual Report. • 199



THE BANKERS LIFE ASSOCIATION.

DBS MOINES. IOWA.

Presideiit, Edwabd A. Templb; secretary/ H. S. Nollbn.
Incorporftted June 80. 1879. Began bonneeB is Kansas. 1898.



SXATEBfENT FOR YEAR ENDING DECEMBER 31, 1908.

Amount of net ledser assets December 81. 1907. |ll.806.€C4 18

INCOME.

Membership fees rsqnired or represented by applieations $610,882 60

First year's assessments : Expense. |67.66i.70: mortoary* 1288,-

042.46 819,707 16

Snbeequent year's assessments : Expense. 1626^898.60; mor-
tuary, 12.876.288.58. 2,902,687 18

Guarantee deposits 806,609 88

Total paid by members $4,689,786 62

Interest from martgaces, $469.778.96 ; bonds and stocks, $16^-

814.90; otiier sources, $68.887 588,476 86

Reinstatementfeee. $4789.89 ; changes of beneficiaries. $1406.86. 6.198 26

Total inoome during the year 6,084,466 72

Sumofbothamovnts $16,390.479 86

DISBUBSEBiENTS.

Death claims piid $2,888 944 19

Guarantee deposits returned to beneficiaries of deceased mem-

hers. , 48,47100

Advance payments returned to rejected applicants, and to

members for canceled certificates 11.880 62

Total paid to members $2,449.296 81

Commissions and fees retained by or paid or allowed to agents

on account of first year's fees, dues, assessments 610.651 C(7

Commissions paid or allowed to banks or collectors, for col-
lecting assessments, etc 84,746 OS

Salaries and allowances of managers and agents not paid by

oommisskms 11,647 00

Salaries of officers 29.000 00

Salaries and other compensation of office employees 64,268 97

Medical examiner's fees, whether paid direct by members or

otherwise 76.888 60

Taxes on premiums. $21,588.96; insurance department fees

and licenses. $8120.21 ; municipal licenses, $611.92 26,166 06

Taxes on real estate and office fixtures 1,407 76

Rent. 12.248 90

Furniture^ $6776.60; legal expenses. $2948.76; advertising and

printing. $16.462. 19. 26 . 182 65

Stationery, etc. $3418.38; postage. $88,682.28; telegrams.
$18L21: traveling expenses. $6620.19; express and freight.
$1068.10; blank books. $466.66: expense kians. $7888.41; in-
spectk>n of risks. $8418.50; all other items. $6065.64 61.688 27

Total expensee. $903,680.12.

Total disbursements 8,862,926 98

Balance December 31. 1908. $18.087,558 92

LEDGER ASSETS.

Book value of real estate, unencumbered. $58.268 07

Loans on mortgages of real estate, first liens 10,477,044 07

Book value of bonds (excluding hiterest) 887.561 92

Cash depoeited in banks 588,156 68

Guarantee notes nnit due on members in good standing 1,585,114 89

Total $18,066,165 63



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200



Kansas Depwt'tment of Insurance.



DEDUCT LBDGBS UABIUTIBS.



Trust deposits

Deposit of members for future calls.
Total net ledger assets



118.700 00
4.911 71



$18,611 71



S18.0S7.568 92



NON-LBDOER ASSETS.

Interest due. $1968.60. and accrued, $264,889.67. on mortcases.

Interest accrued on other assets

Mortuary assessments to become due on po§t-mcrUm policies,
not exoeediniT one assessment nor the amount of post'

mortem claims not assessed for

- Total non-ledffer assets -

Gross assets

Deduct flTuarantee notes not yet due.



Total admitted



!66.278 17
4.888 71



176.692 00



446.306 88



$13,488,862 80
1.696.114 89

$11.888.747 91



NON-LEDGER LIABILITIES.

Losses on poMt-marUm policies, not adjusted. $147,692 ; resisted. $28.000

Salaries, rents, expenses, taxes, bills, accounts, bonuses, rwnmisstons, f^MS,
etc.. due or accrued.

Balance to protect contracts, comprised under the foUowinf funds-
Mortuary fund ( less amount thereof included in UabilitMs



and assets not admitted)

Guarantee fund (lessafhount thereof included in liabilities

and in assets not admitted)

Reserve fund (less amount thereof included in liabilities

and in assets not admitted)

General or expense fund ( less amount thereof included in

( liabilities and in assets not admitted )

Total special funds -



Total liabUities .



$786,296 20

6,077,428 11

5.816.628 48

78,8U 17



$175,692 00
5.500 00



11.707,556 91



SU, 888.747 91



EXHIBIT OF CERTIFICATES OR POLICIES.



Certificates in force December 81
(beffininff of year)

Certificates restored durinir the cal-
endar year

Certificates written or increased
during the calendar year



ToUl.



Deduct decreased or ceased to be in
force durinff year

Total certificates in force last
December 31 (end of year) . . .

Losses and claims unpaid December
31 (beffinninir of year)

Losses and claims incurred during
the calendar year



Total.



Losses and claims paid and omnpro-
mised during year

Loss es and claims outstanding un-
paid last December 81 (end of year).

Assessments collected during year. .



No,

166.119

486

29,896
194.961

11.107



Total buHn^m.

AmounL



87^1



Buoimsm in Kanmia.

AmounL



$880,288,000 00

872.000 00

68,79 2.000 00

$889,902,000 00

22.214.000 00



No.
7.868
26
1.786



$14,726,000 00
50.000 00
8.570.000 00
9.178 $18,246,000 00



407



814.000 00



188.844 $867.688.000 00 8.766 $17.632.000 00



82 $164,168 00
1,218 2.486.000 00



1,800 $2,600,168 00
1,212^ 2.424.476 00



$175.692 00



$3,222,394 29



4

46



$8.000 00
90.000 00



49
46



$98.000 00
92.000 00
$6.000 00



$146,764 17



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Thirty-mnth Annual Report. 201

GAIN AND LOSS EXHIBIT.

Balance to protect contracts beffinninff of said year. $11 .561,568 66

FundeaminsB: Expense. $1,101,189 05

Guarantee deposit 806,609 88

Mortuary, and clianffes in uncollected allowed as assets... 2.6^,854 99

4,567.608 87

Interest, rant. etc. earned 558,880 20

Total credits .' $16,667.962 78



Expenses incurred : Insurance. $896,784 24

Investment (handling investments, real-estate rapairs,

taxes and expenses) 8.677 88



$904,462 12



Death loeaes and claims incurred $2,496,861 62

Deduct amount saved by compromise, etc. during year. . . 85.581 81

2.460.819 81

Guarantee notes not yet due, deducted as non-admitted 1,695,114 89

Balance to protect contracts, at end of said year 11,707,655 91

TMaldebits $16.667.962 78



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202 Kansas Department of Insurance,



BANKERS LIFE INSURANCE COMPANY OF
NEBRASKA.

LINCOLN. NEB.

President. W. C. Wilson; secretary, J. H. Harly.
Orsaaized AprQ 8. 1887. Bsffan business In Kensea, 1891.



Statement for Year ending December 31, 1908.

Capital stoek paid up in cash. $100,000.

Amoant of ledger assets December 81. 1907 $2,168,777 49

INCOME.

First year's premiums on original policies, without deductions.

less $1446.07for Arst year's reinsurance $178,482 16

Surrender values and dividends applied to pay first year's pre-
miums or to purchase paid-up additions tuod annuities .... 10.808 2S

Total new premiums $184.240 41

Renewal premiums 617.760 68

Total premium Inoome. $802,001 04

Income from all other sources 121,864 86

Total ineomeduring 1906 ; 988,866 89

Sum of bot^ amounts $8,092,148 38

DISBURSEMENTS.

Death claims paid during 1908. $76,660; additions. $888.88 $75,788 88

Matured endowments. 1.988 69

Net amount paid for losses and matured endowments $77,772 02

Surrender values 81,680 64

Dividends. 5.922 74

Total paid policy-holders $115,825 40

Commissions and bcnuses to agents on first year's premiums.

$106,622.66; renewal premiums. $81.826.28 189.948 94

Officers' salaries. 25.885 00

Employees' salaries. 7.699 44

All other disbursements 52.408 96

Total disbursements. 1908. 84 0.6U 74

Balance December 81. 1908. $2,751.531 64

LEDGER ASSETS.

Mortgages, bonds, loans on policies, premium notes, etc $2,660,704 80

Cash in company's office and banks 111.208 42

Total ledger assets $2,761,912 72

Non-ledger assets 61.126 21

Total admitted assets. December 81. 1908 $2,818,088 98

LIABILITIES.

Net present value of all outstanding policies in force Decem-
ber 81. 1908 $2,122,060 30

AUother liabilities 14.584 69

Capital stock 100.000 00

Surplus. 576.464 04

Total liabilities December 81. 1908 12.818,088 98

GENERAL BUSINESS. y^, ^ Amount.

Insurance in force December 31. 1907 14,890 $21,796,880 00

Risks written during 1906. 3.462 6,120.184 00

Insurance in force December 31. 1906 15.768 28.982,074 00

Premiums received 802,001 04

Losses incurred. 74,560 00

I paid 76.660 00



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Thirty-mnth AnmwX Report. 203



KANSAS BUSINESS.

Insuruice in force December 31, 1907

I^lilra wriH<n daring 1908


2.696

669

2.988


14.866.691 00
927.680 00


Inanmiice in force December 81. 190B


4.686.441 00
160,611 00


liOMM InnuTod




17.800 00


Lqnee paid




18.800 00



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204 Kansas Department of Insurance.



THE BANKERS RESERVE LIFE COMPANY.

OMAHA. NEB.

President, B. H. Robison; secretary. R. C. Waonbr.
Oiiranised March 26. 1897. Began business in Kansas. 1908.



Statement for Year ending December 31, 1908.

Capital stock paid up in cash. $100,000.
Amount of ledger assets March 8. 1906. $1,220,401 66

INCOME.

First year's premiums on original policies, without deductions.

less $2886.01 for first year's reinsurance. $196,810 06

Surrender values and dividends applied to pay first year's pre-
miums or to purchase paid-up additions and annuities 793 40

Total new premiums $197,108 46

Renewal premiums 614.642 g7

Total premium income. $711.646 12

Income from all other sources 60.186 69

Total income during 1906 : 761.782 81

Sum of both amounts $1,962,184 47

DISBURSEMENTS.

Death claims paid during 1906 $66 .760 00

Premium notes voided by lapse 14.621 28

Surrender values 29,488 76

Dividends 66.297 26

Total paid policy-holders $166 .007 28

Commissions and bonuses to agents on first year's premiums.

$160,687.61: renewal premiums. $11.887.86 162.674 86

Oflicer's salaries 12.66000

Employee's salaries 20.096 80

All other disbursements 78.796 04

Total disbursements. 1906 440.024 96

Balance December 81. 1906 $1.642.169 49

LEDGER ASSETS.

Mortgages, bonds, loans on policies, premium notes, etc $1,389,688 86

Cash in company's office and banks 161.219 82

All other assets 1.306 81

Total ledger assets. $1,642,168 49

Non-ledger assets 24 . 184 89

Total admitted assets December 81. 1908 $1,566,844 88

LIABILITIES.

Net present value of all outstanding policies in force Decem-
ber 81. 1906. $1,168.146 00

Death claims in process of adjustment $8,760 00

All other policy claims.. ^ 10.106 10

Total policy claims 18.868 10

Capital stock 100.000 00

Surplus 289.840 28

Total liabUtities December 81. 1906. $1.566.344 38



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Thirty-ninth Annual Report 205

GENERAL BUSINESS. yo. Amount.

Insormnoe in force March 3. 1906 7.5d7 $19,094,663 60

Risks written durina: 1908 2.222 6,341.000 00

InsaranceinforceDecjsmber 31. 1908 8,748 21.896,266 90

Premiums received 711,646 12

Looaei incurred 68.600 00

Losses paid 66.750 00

Claims remaining unpaid December 81. 1906 8,760 00

KANSAS BUSINESS.

Insurance in force March 8, 1906. $1,399.000 00

Risks written during 1906 268 664,000 00

Insurance in force December 31. 1906 771 1.890.840 00

Premiums received 69.106 96



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206



Kansas Department of Insurance.



THE CAPITOL LIFE INSURANCE COMPANY.

DENVER. OOLO.

President. Thomab F. Daly; secretary. Fred W. Bailby.
Organized July. 1906. Besan business in Kansas. 190S.



Statement for Year ending December 31, 1908.

Capital stock paid up in cash. $100,000.
Amount of ledger assets December 81. 1907 $418,627 60

INCOlfE.

First year's premiums on oriirinal policies, without deductions.

lees $1322.42 for first year's reinsurance. ?. $90,200 18

Surrender values and dividends applied to pay first year's pre-
miums or to purchase paid-up additions and annuities 44 64

Total newpremiums $90,804 82

Renewal premiums 182,180 86

Total premium income $272,486 67

Income from all other sources 21.048 43

Total income durinff 1908. 298,479 10

Sum of both amounts. $707,006 70

DISBURSEMENTS.

Death claims paid during 1908 $88.500 00

Surrender values 46 00

Dividends 626 61

Total paid policy-holders *. $84 , 171 61

G<«nmiBsions and bonuses to aoents on first year's premiums.

$65,826.61: renewal premiums. $9289.51 76.116 02

Officers' salaries 4.260 00

Employees' salaries 14.267 71

All other disbursements 78.175 67

Total disbursements. 1906 206,980 91

Balance December 81. 1908. , $601,026 79

LEDGER ASSETS.

Ifortffaires. bonds, loans on policies, premium notes, etc $474,764 19

Cash in company's officeand banks 11.646 76

All other assets 14.624 86

ToUl ledfifer assets , . . $501,026 79

Non-lod«er assets 66.711 88

Gross assets. $666,737 67

Deduct assets not admitted 28,808 82

Total admitted assets December 81. 1908 $627,968 86

LIABILITIES.

Net present value of all outstanding policies in force Decem-
ber 31. 1908. $200.476 68

Same for reversionary additions and annunitiesi 40 78

Net reserve $260.616 41

Death claims resisted 10.000 00

AU other lUbilitiee. 28.606 64

Capital stock 100.000 00

Surplus 128.810 80

Total liabUiticB December 81, 1908 $627.988 86



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ThiHy-ninth AnmuU Report. 207

GENERAL BUSINESS. jfo. Amount.

Insoranoe in foree December 81. 1907 2.896 17,960.679 00

Risks written ^arinff 1906 1.484 2.607.878 00

losuxance in force December 81. 1906 8.249 7.786.820 00

Premiums leceired 274.899 9»

Losses incurred.. 80,600 00

Losses psid 88.600 00

Claims remaining unpaid December 81. 1906. 180,000: less |20,-

OOOreinsnred. 10.000 00

KANSAS BUSINESS.

Ittsorance in force December 81. 1907 420 $728.000 00

Risks written daring 1906 228 807.144 87

Insurance in force December 81, 1906 409 660,144 87

Prsminms received 20,967 61

Losses incurred 1 6.000 00

Lossespald '. 1 6.000 00

Claims remaining unpaid December 81. 1908. $80,000; less $20.-

OOOreinsuxed. 8 10,000 00



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208



Kansas Department of Insurance.



THE CENTRAL LIFE INSURANCE COMPANY.

FORT SCOTT, KAN.

President, Grant Hornaday; tecratary. Howard L. Stout.
Oriranized December 12, 1906. Besan busmess in Kansas April 1. 1907.



Statement for Year ending December 31, 1908.

Guaranty capital. $100,000.

Amount of ledsrer assets December 81. 1907 $113,272 30

INCOME.

First year's premiums on original policies, without deduc-
tions, less $1768.05 for first year's reinsurance $82,097 2$

Renewal premiums 26,649 07

Total premium income. $108,646 30

Income from all other sources. 21.211 49

ToUl income durinff 1908 129,857 79

Sum of both amounts $248,180 09

DISBURSEMENTS.

Death claims paid during 1906 ( less $2000 reinsurance) $10,500 00

Policy loans voided by lapse: 1.641 25

Surrender values 162 60

Total paid policy-holders $12 .203 76

Commissions and bonuses to agents on first year's premiums,

$68,122.34: renewal premiums, $1617.06 64,739 89

Employees' salaries. 4,895 06

All other disbursements 17.282 30

Total disbursements. 1908 99,120 62

Balance December 31. 1906 $144,009 57

LEDGER ASSETS.

Mortffaffes. bonds, loans on policies, premium notes, etc $129,584 60

Cash in company's office and banks 14.^4 97

ToUl ledger assets $144,009 57

Non-ledflrer assets 7,920 08

ToUl admitted assets December 81. 1908 $151,929 65

LIABILITIES.

Net present value of all outstanding policies in force Decem-
ber 31. 1908 $36,87520

Death claims reported— no proofs 2.500 00

AU other liabilities. ' 9,362 38

Guaranty capital : 100,000 00

Surplus 3,192 07

ToUl liabUities December 31. 1908 $151.929 66

(JKNEKAL HrsINF.SS. Vo. Amount.

Insurance in force December 31. 1907 630 $1,892,260 00

Risks written durinar 1908 1,104 2,469,660 00

Insurance in force December 31, 1908 1.460 3.248.426 00

Premiums received 111,810 92

Losses incurred 6 16,000 00

Losseapakl 4 12,600 00

Claims remaining unpaid December 81. 1908 1 2,600 00

KANSAS BUSINESS.

Insurance in force December 81. 1907 367 $682.000 00

Risks written during 1906 886 2,106,050 00

Insurance in force December 31, 1906 1.106 2,499,926 00

Premiums received 87,278 83

Losses incurred 1 2,600 00

Losses paid 1 2,600 00



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Thirty-ninth Annvxd Report. 209



CENTRAL LIFE ASSURANCE SOCIETY OF THE
UNITED STATES.

DES MOINES, IOWA.

Pretident, Gbo. B. Pbak ; secretary. H. G. Bvbrbtt.
OrganizedlFebruary 18, 1896. Be^mn businesa in Kansas. 1906.



Statement for Year ending December 31, 1908.

Capital stock paid up in cash. $100,000.
Amount of ledffer asseto December 81. 1907 $841,607 56

INCOME.

First year's premiums on oriirinal policies, without deductions,

leas $46a22 for first year's reinsurance $119,208 06

Surrender values and dividends applied to pay first year's pre-
miums or to purchase paid-up additions and annuities 688 00

Total new premiums. $119,891 06

Renewal premiums .^ 808.892^

Total premium income. $428,288 74

Income from all other sources 68.814 30

Total income dnrins 1908 491.696 04

Sum of both amounts $1,338,206 60

DISBURSEMENTS.

Death claims paid during 1908. $64,744; additions, $226 $54,969 00

Matured endowments. 12,596 50

Net amount paid for losses and matured endowments. $67,667 60

Premium notes voided by lapse 3,974 14

Surrender values 15,020 62

Dividends 2.885 05

Total paid policy-holders $89,397 31

Commissions and bonuses to agents on first year's premiums,

$77,706.92; renewal premiums. $9956.25 87.664 17

Officers' salaries v 12.608 31

Employees' salaries 10.092 90

All other disbursements 66,081 64

Total disbursements. 1908. 265,789 83

Balance December 81. 1906. $1 .067.416 2 7

LEDGER ASSETS.

Mortffases. bonds, loans on policies, premium notes, etc $1,016,528 80

Cash in company's office and banks 18,326 25

All other aiseta. ^^\ 22

Total ledarer assets $1 .067.416 27

Non-ledffer assets. 42.026 87

Gross assets $1,109,443 14

Deduct assets not admitted. 30.046 45



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