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v TOE OBEGOK DAILY JOURNAL PORTLAND, ; BATTJKPAY EVENING, t FEBIHTAH Y .28, 1,903.
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OF NEW YORK.
BLAIR T.
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General Manas;
er N. P. D.
INGOPfflP ARABLE STATEMEMT' FOR.
S902
READ IT !
INCREASE IN ASSETS INCREASE IN INCOME INCREASE IN INTEREST EARNINGS
INCREASE IN SURPLUS INCREASE IN RESERVES INCREASE IN INTEREST EARNINGS
REMARKABLE INCREASE IN INSURANCE IN FORCE REMARKABLE SAVING BY DECREASE IN DEATH CLAIMS
.Wslbirsemeits
Assets, $16,584,344.55
Interest earnings over five
per cent on gross assets.
Savings in Income . . $
Savings in Death Claims. $
444,479.44
200,000.00
Increase in Net Surplus . $ 200,000.00
Gain in Insurance in Force,
Calculated on a Paid-for
Basis . . . .'.'..$ 4,181,426.00
New Insurance Secured in
1902 . . . . . . $17,214,699.00
Home Office Property, Valued at $5,000,000.00
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In the mimmeth vaults of this building are safely held the $16,500,000.00
securities to meet all obligations to policy-holders
as tbey mature.
e Washington Life Insurance Co
OF NEW YORK
W. A. BREWER. JR., President.
Statement for the Year Ending December 31,1 902.
INCOME
Received for Premiums $2,731,960.02
From all other Sources 647,410.33
$3,581,370.34
DISBURSEMENTS
To Policy-holders for Claims by Death $875,577.43
Dividends, Endowments, etc 1,171,130.62
For all other accounts 1 ,090, 1 62.80
$3.136,890"!90
ASSETS
Railroads and Municipal Bonds - $369,080.38
Bond and Mortgage Loans, first liens on Real EsUte 7,853,900.00
Loans on Col ateral 1 03,000.00
Loans on Company's Policies 1 ,280,775.00
Real Estate, inducing Home Office Building ' 409,479.21
Cash in Banks and Trust Companies. 231,369.83
Accrued interest Deferred Premiums, etc 334,339.93
Total Assets ....$J6,5&4,344.35
LIABILITIES
Reserve, as per Certificate of New York Insurance Depart
ment $J 5 J 17.262.00
Claims reported and other items - 9 1 ,3 1 7.45
Surplus as to Policy-holders, including Capital Stock 773,665.10
Total liabilities.:;: .". .". .$16,584,344.33
Total paid Policy-holders since organization ...$39,774,017.82
BOARD OF DIRECTORS:
LRVI P. MORTON. GKORGE M. HARD.
W. A. BREWER. JR., JOHN HOPSON,
ROBERT BOWNE. ELI8HA S. FRENC1,
CHARLES H. LVDINGTON, JOHN W. BRANNAN, M. D.,
FRANCIS 8PKIR. HENRY MEIQ8.
HENRY F. HITCH. K. V. CONNET.
CHARLES P. BRITTON. JOHN BURLING LAWRENCE.
FRANCIS G. ADAMS. GRAHAM H. BREWER.
FREDERIC R. COl'DERT, JORDAN U MOTT. JR.,
DAVID THOMSON. ISRAEL C. PIERSON.
ROLAND G. MITCHELL. , HENRY H. COOK. ., ,
RANDOLPH F. PL'KDY. LLOYD B. SANDERSON, J
MORRIS B. MEAD.
E. S. FRENCH, Vice-President '
CYRUS MUNN. Secend Vice-President. W, W. CRIS8EY. Caahler.
ISRAEL C. PIERSON. Actuary. - J. W. BRANNAN. M. D., Medical Dlreo'r
GRAHAM II. BREWER, Secretary. FOSTER &. THOMSON, Aity'a, 141 B'wy.
B. F. EL L8 WORTH, Assistant Secretary DAVID THOMSON, Counsel, 141 B'wajr.
Synopsis of 12 Months' Business
TRANSACTED THROUGH PORTLAND..ORJECON, DEPT.
January 1st, 1902, to January 1st, 1903.
Applications forwarded home office ($40,450 not acted on) ...$1,209,251.00
sx New insurance issued through this Department.. 1,075,043.00
New insurance placed and paid to company through this De
partment , 1,013,129.00
New premiums paid company on $ 1 ,01 3, 1 29 rew insurance ... 48,352.22
Average new paid premium per $1000 ins. (no single pre
miums)..... ., ; - 47.72
43 Years of Conservative Growth.
Years. Insurance Issued.
18C0 1.093,600 S
1865 3,713,950
187 1 .,193.278
1882 o,39I,831
1892 i 1.355.553
2S.29S i
260.G4G
1,130,636
1,629.969
2,750,633
Dividends, Death
Claims, etc.. Paid.
None
45494
543,973
1,064,263
1,542,042
Asset. i
141.279
530,097
2,869,837
6,534,465
12,012,809
1902 17,214,699 3,531,370 2,046,708 16,584,344
21 Years' Record in the Portland Dept.
ESTABLISHED JUNE 1st, 1900.
July 1st, I9o0, to January 1st, 1903.
New insurance issued by the company , $2,301,077.00
New insurance placed and paid in full to company.. 2,1 12329.00
New paid premiums on $2,1 12329 insurance, over.' 92,000.00
f X r fkj 1902, New premiums on issued insurance 52,827.40
1901, New premiums on issued insurance. 40302.57
1 (No Single Premiums.)
(Rate of increase nearly 30 per cent) $12,02433
ITEMS OF INTEREST TO OREGONIANS
7. TA ooerag haw paid premium pgr $WOO insurance Is nearly
This Department does not write cheap insurance, called Term
Insurance.
A $IOOQ policy with a $48. OO paid premium is equal to a $2000
or $SOOO Term Policy. .
With a staff of ten regular solicitors, this Department, per capita,
produces more new paid premiums than any LIFE lAlSURJtMCE
JiCEMCY IN THE UNITED STATES.
At an average premium pf $3S.OO per $IOOO, this Department,
having paid for $48,352.22 in new premiums, has settled for the equiv
alent of $1,400,000 of insurance.
This Department is one of the largest in the Northwest.
This Department has connected with it several of the largest pro
ducers of personal business in the entire West.
This Department paid company in 1902, for $48,332.22 In. new
premiums. ?
The new paid premiums in Oregon were about $35,000.00,
Assuming the average premium to be $3S.OO this Department
has paid for the equivalent of $1,000,000.00 of Insurance In Oregon,
but in view of the enormous high premiums paid, the actual paid insur
ance is a little over $700,000.00, with a paid premium of over $50.00
per $IOOO Insurance.
: ; . JLAIR-. T. - SC
610-61 1-612-613 Chamber of Commerce, Portland
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G
emera
530-53 1 Rookery Block, Spokane 320-320A Arcade Building, Scattb
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