Reports of Domestic Industrial Sick Benefit Companies.
American Beneficial Insurance Company. Commenced business August 28, 1902. J. T. HEWIN, President. M. M. MOSS, Secretary. Principal Office, RICHMOND, VA. Capital Stock. Amount of capital paid up in cash, $15,000.00. Amount of ledger assets December 31st of previous year. ........ ..$ 28 994 61
Income. Net premiums: Accident........................................ . .......,....$ 156,26644 Health....................................................... s,40S 68
v Total net premiums received. ............................$ io9 675 12 Policy fees required or represented by application................ 868 70 Gross interest: Bonds and dividends on stocks. .................,$ 398 50 Gross rent from company's property............... 573 7g
Total gross interest and rents............................973 25 Borrowed money................................................4 970 00 From agents' balances previously charged off.....................2 '092 44
Total income............................................ g 168,578 51
Sum of both amounts........................§ iq7 c.'r's 1 o
Disbursements. Net amount paid policyholders for losses: Accident.................................................... .3 56,45813 Health....................................................... 20,596 22
Total.......... c ~T „-. n- . ;........................$ /7,0o4 3o balanes, tees and all other compensation of officers, directors, trus- tees and home office employees....................... 39 734 FQ Salaries, traveling expenses and all other expenses of agents not paid by commissions...................... 33 OQK 04 ^"te...... ..........................'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'. 1:45123 Repairs and expenses (other than taxes) on real estate............ 18 75 AMERICAN BENEFICIAL INSURANCE COMPANT 179 Taxes on real estate............................... ..............$ 241 70 State taxes on premiums......................................... 1,576 54 Insurance department licenses and fees........................... 93 00 Federal taxes................................................... 360 03 Legal expenses.................................................. 25 00 Advertising..................................................... 1,138 96 Printing and stationery.......................................... 951 02 Postage, telegraph, telephone and express........................ 714 51 Stockholders for interest or dividends............................ 395 40 Other disbursements............................................ 376 30 Borrowed money repaid with interest............................ 5,521 45 Agents' balances charged off..................................... 4,000 00 Interest on borrowed money..................................... 764 16 Total disbursements.....................................S 168,313 46 Balance.................................................$ 29,259 66 Ledger Assets. Book value of real estate........................................$ 15,000 00 Book value of bonds............................................. 12,680 00 Cash in company's office......................................... 35 26 Deposits in trust companies and banks not on interest............. 1,544 40 Total ledger assets, as per balance. ......................$ 29,259 66 Deduct Assets not 'Admitted. Furniture and fixtures................... ..........$ 800 00 Book value of ledger assets over market value...... .2,070 00 Total................................................... 2,870 00 Total admitted assets ...................................$ 26,389 66 Liabilities. Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued.$ 1,559 38 Federal, State and other taxes due or accrued.................... 1,605 43 Dividends due stockholders...................................... 275 10 Due and to become due for borrowed money...................... 5,748 45 Return premiums................................................ 296 30 Agents' bonds................................................... 1,905 00 Total amount of all liabilities, except capital. ............$ 11,389 66 Capital actually paid up in cash.................... $ 15,000 00
Surplus as regards policyholders.........................15,000 00
Total liabilities.........................................826,389 66 180 REPORT OF VIRGINIA BUREAU OF INSURANCE 1919 National Insurance Company of Virginia, Inc. Commenced business May 1, 1905. J. E. JOHNSON, President. J. L. NOTTINGHAM, Secretary. Principal Office, NORFOLK, VA. Capital Stock. Amount of capital paid up in cash, $10,100.00. Amount of ledger assets December 31st of previous year......... .$ 21,476 22 Income. Net premiums—Accident and health............................. 8 166,721 22 Gross interest: Collateral loans ................................. 8 364 Bonds and dividends on stocks................... 553 64 Deposits in trust companies and banks........... 57 00 Total gross interest and rents............................ 614 28 From other sources.............................................. 50 82 Total income...........................................S 167,386 32 Sum of both amounts.................................... 8 188,862 54 Disbursements. « Net amount paid policyholders for losses: Accident and health...........................................S 40,948 47 Death........................................................ 8,464 05 Total...................................................8 49,412 52 Investigation and adjustment of claims........................... 2,936 70 Commissions or brokerage....................................... 63,753 29 Salaries, fees and all other compensation of officers, directors, trus- tees and home office employees.............................. 19,384 02 Salaries, traveling and all other expenses of agents not paid by com- missions .................................................... 18,502 46 Rents........................................................... 3,445 61 Federal taxes................................................... 949 03 State taxes on premiums... ..................................... 1,189 74 Insurance department licenses and fees............:.............. o 00 All other licenses, fees and taxes................................. 44 85 Legal expenses.................................................. 75 00 Advertising..................................................... 138 09 Printing and stationery.......................................... 2,352 24 Postage, telegraph, telephone and express........................ 696 75 .NATIONAL INSURANCE COMPANY OF VIRGINIA, INCORPORATED 181 Furniture and fixtures...........................................$ 3,554 07 Other disbursements............................................ 1,669 69 Interest on borrowed money..................................... 76 56
Total disbursements. ....................................$ 168,185 62
Ledger Assets. Book value of bonds............................................ .$ 18,004 85 Cash in company's office......................................... 635 18 Deposits in trust companies and banks not on interest............. 95 68 Deposits in trust companies and banks on interest................ 489 95 Bills receivable...................................8 1,32645 Cash in employees' hands.......................... 124 81
Total ledger assets, as per balance...................... .$ 20,676 92 Non-Ledger Assets. Interest due and accrued: Bonds'.......................................... $ 103 73 Other assets.................................... 14 70
Total interest and rents due and accrued.................118 43 *
Gross assets...........................,................$ 20,795 35 Deduct Assets not Admitted. Bills receivable...................... ..............$ 1,326 45 Book value of ledger assets over market value...... 2,259 35
Total admitted assets................................... S17,209 55
Liabilities. Total unpaid claims.............................................$ 75 00 Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued. 1,009 24 Federal, State and other taxes due or accrued.................... 1,667 21
Total amount of all liabilities, except capital............ .$ 2,751 45 Capital actually paid up in cash....................8 10,100 00 Surplus over all liabilities......................... 4,358 10
Surplus as regards policyholders.........................14,458. 10
Total liabilities. ........................................$17,209 55 182 REPORT OF VIRGINIA BUREAU OF INSURANCE 1919 Richmond Beneficial Insurance Company. Commenced business July 28, 1894. S. J. GILPIN, President. JOHN T. FAYLOR, Secretary. Principal Office, RICHMOND, VA. Capital Stock. Amount of capital paid up in cash, $25,000.00. Amount of ledger assets December 31st of previous year. .........$ 90,866 30 Income. Net premiums—Accident and health .............................$ 302,800 63 Policy fees required or represented by applications............... 1,496 85 Gross interest; Mortgage loans........................ .........$ 18450 Bonds and dividends on stocks................... 1,171 67 Deposits in trust companies and banks........... 433 24 From all other sources.......................... 11 07 Gross rent from company's property............... 4,585 12 * Total gross interest and rents............................ 6,385 60 < From other sources.............................................. 403 18 From agents' balances previously charged off..................... 21 95 Total income...........................................$ 311,108 21 Sum of both amounts....................................S 401,974 51 Disbursements. Net amount paid policyholders for losses—Accident and health.. .$ 124,703 89 Commissions or brokerage....................................... 81 455 90 Salaries, fees and all other compensation of officers, directors, trus- tees and home office employees............................... 28 193 63 Salaries, traveling and all other expenses of agents not paid by com- missions. ................................................... 20,555 06 Medical examiners' fees and salaries............................. 170 00 Rents.......................................................... 2,T)60 00 Repairs and expenses (other than taxes) on real estate............ 671 67 Taxes on real estate............................................. 582 72 State taxes on premiums......................................... 2 770 04 Federal taxes......<.....................,...................... 4,253 22 All other licenses, fees and taxes................................. 131 71 Advertising..................................................... 2,154 78 Printing and stationery.......................................... 492 81 Postage, telegraph, telephone and express........................ 1,657 57 Furniture and fixtures......................................... . "' 131 61 RICHMOND BENEFICIAL INSURANCE COMPANY 183 Stockholders for interest or dividends............................8 5 000 00 Other disbursements......................................... 4 375 73 Agents' balances charged off..................................... 302 89 Total disbursements. ...................................$ 279,663 22 Balance................................................$ 122,311 29 Ledger Assets. Book value of real estate........................................$ 45 9io 79 Mortgage loans on real estate..................................... g 050 00 Book value of bonds, $27,656.50; and stocks, $400.00............... 28^056 50 Cash in company's office......................................... 831 07 Deposits in trust companies and banks not on interest............ 1 563 67 Deposits in trust companies and banks on interest................ 36 809 86 Agents' balances ..................... ..'..........$ l ,031 07 War Savings Stamps.............................. 58 33 Total ledger assets, as per balance. ......................$ 122 311 29 Non-Ledger Assets. Interest due and accrued: Bonds.......................................... $ 29000 Other assets.............»...................... 174 43 Rents due and accrued on company's property or lease......................................... 162 51 Total interest and rents due and accrued.................. 626 94 Market value of real estate over book value...................... 5 327 24 Premiums in course of collection, $5,685.70; furniture and fixtures, $1,029.58.................................................... 6^715 28 Gross assets............................:...............$ 134,980 75 Deduct Assets not Admitted. Furniture and fixtures.............................$ 1 029 58 Book value of ledger assets over market value...... 2,026 50 Premiums in course of collection................... 5,685 70 Agents' balances.................................. l 031 07 Total................................................... 9,772 85 Total admitted assets ...................................$ 125 207 90 184 EEPORT OF VIRGINIA BUREAU OF INSURANCE 1919 Liabilities. Total unpaid claims. .............................-S 2,000 000 Federal, State and other taxes due or accrued.................... 7,045 47
Total amount of all liabilities, except capital .............$ 9,045 47 Capital actually paid up in cash.................. .$ 25,000 00 Surplus over all liabilities......................... 91,162 43
Surplus as regards policyholders.........................116,162 43
Total liabilities. ........................................$ 125,207 90
Southern Aid Society of Virginia, Incorporated. Commenced business March 10, 1893. A. D. PRICE, President. B. L. JORDAN, Secretary Principal Office, RICHMOND, VA. Capital Stock. Amount of capital paid up in cash, $30,000.00. Amount of ledger assets December 31st of previous year. ........ .$ *338,075 26
Income. Total net premiums received. .......................$ c'79 ,249 19 Policy fees required or represented by applications............... 5,249 60 Gross interest: Mortgage loans.............................$ 2,582 73 Bonds and dividends on stocks................... 2,159 50 Deposits in trust companies and banks........... 4,570 49 From all other sources.......................... 3QO <s> Gross rents from company's property............... 15,637 61
Total gross interest and rents............................ 25,250 53 a 07'; 17 From other sources........................... °'°10 il Profit on sale of capital stock.................................... l >150 00 From agents' balances previously charged off..................... 100 00 Gross increase, by adjustment, in book value of ledger assets...... 961 25
Total income..............................» 620,93574
Sum of both amounts.. ..........................-...--..$ 959,01100
Includes $2,300.00 increase in Capital Stock during year. SOUTHERN AID SOCIETY OF VIRGINIA, INCORPORATED 185 Disbursements. Total amount paid policyholders for losses............. ..........$ 226,307 70 Commissions or brokerage....................................... 109,836 23 Salaries, fees and all other compensation of officers, directors, trus- tees and home office employees.............................. 128,325 78 Medical examiners' fees and salaries.............................. 642 50 Rents........................................................... 4,227 00 Repairs and expenses (other than taxes) on real estate............ 4,924 22 Taxes on real estate............................................. 2,098 58 State taxes on premiums......................................... 5,099 82 Insurance department licenses and fees........................... 25 82 All other licenses, fees and taxes................................. 49 83 Legal expenses.................................................. 220 50 Advertising and printing......................................... 7,114 38 Stationery and supplies.......................................... 1,919 60 Postage, telegraph, telephone and express........................ 4,145 68 Furniture and fixtures........................................... 113 65 Stockholders for interest and dividends.......................... 6,910 00 Other disbursements............................................ 15,625 99 Agents' balances charged off..................................... . 203 82 'Total disbursements. ....................................$ 517,791 10 Balance.................................................$ 441,219 90 Ledger Assets. Book value of real estate........................................$ 184,577 01 Mortgage loans on real estate.................................... 49,029 60 Book valu» of bonds............................................. 59,588 00 Cash in company's office......................................... 9,658 44 Deposits in trust companies and banks not on interest............ 21,695 21 Deposits in trust companies and banks on interest................ 113,723 22 Bills receivable....................... . 2 948 35 s Total ledger assets, as per balance. ......................$ 441,219 90 Non-Ledger Assets. Interest due and accrued: Mortgages......................................S 596 25 Bonds.......................................... 32 40 Rents due and accrued on company's property or lease......................................... 659 00 Total interest and rents due and accrued................'..... 1,287 65 Market value of real estate over book value...................... 8,112 80 Furniture, fixtures and supplies.................................. 9,647 81 Gross assets............................................$ 460,268 16 186 REPORT OF VIRGINIA BUREAU OF INSURANCE 1919 Deduct Assets not Admitted. Furniture and fixtures.............................$ 7,447 81 Supplies, printed matter and stationery............ 2,200 00 Total................................................... $ 9,647 81 Total admitted assets...................... .............$ 450,620 35 Liabilities. Total unpaid claims. ............................................$ 316 86 Federal, State and other taxes due or accrued.................... 6 234 66 Dividends due stockholders..................................... 10 053 18 Employees' deposits............................................. 12 968 10 Registration fees................................................ 3 00 Total amount of all liabilities, except capital............. $ 29,575 80 Capital actually paid up in cash... ................$ 30,000 00 Surplus over all liabilities......................... 391,044 55 Surplus as regards policyholders......................... 421,044 55 Total liabilities. ........................................$ 450,620 35