THE ÆTNA LIFE INSURANCE COMPANY. STATEMENT FOR THE YEAR ENDING 31ST DECEMBER, 1881. President-MORGAN G. BULKELEY. Secretary-J. L. ENGLISH. Principal Office-Hartford, Conn., U.S. Agent in Canada-WILLIAM H. ORR. i Head Office in Canada-Toronto. (Organized or Incorporated, 1850. Commenced business in Canada, 1850. CAPITAL. Amount of capital authorized, subscribed for and paid up in cash ....... $750,000 00 Gross amount of premiums received in cash during the year on life policies in Canada......... Gross amount of notes, loans or leins taken during the year in payment of premiums in Canada......... Total net premium income...... Amount paid during the year on claims in Canada, viz. : $393,275 98 10,321 09 8403,597 07 $70,645 85 $100,749 85 2,006 21 54,593 55 $157,349 61 Total net amount paid to policy holders in Canada......... ASSETS IN CANADA. Province of Quebec bonds deposited with Receiver General ...... Receiver General......... Other Canadian investments, viz. : Mortgages on real estate in Canada...... Total assets in Canada................... LIABILITIES IN CANADA. Under Policies issued previous to 31st March, 1878. Amount of claims on policies in Canada unsettled but not resisted.......$ Amount computed to cover the net reserve or re-insurance value on all Deduct amount of deferred and outstanding premiums, less Total net liabilities to said policy holders in Canada.......$1,607,401 47 Notes, $9,633.09; loans, $688: American experience table, 44 per cent. interest. ETNA LIFE-Continued. LIABILITIES IN CANADA. Under Policies issued subsequent to 31st March, 1878. Amount of claims on policies in Canada unsettled but not resisted. .....$ Amount computed to cover the net reserve or re-insurance value on all outstanding policies in Canada....... 3,370 00 $245,956 40 Deduct amount of deferred and outstanding premiums, less cost of collection at 10 per cent......... Deduct loans on policies...... $29,934 73 35,471 44 Difference carried out........ 210,484 96 Total net liabilities to said policy holders in Canada......$ 213,854 96 Total net liabilities to all policy holders in Canada...................... $1,821,256 43 MISCELLANEOUS. Number of new policies reported during the year as taken in Canada....... 1,145 Amount of said policies..... .$1,821,362 00 Number of policies become claims in Canada during the year...... 90 102,775 00 Number of policies in force in Canada at date..... 9,087 Amount of said policies..... ..11,370,008 00 Number and amount of policies terminated during the year in Canada: Policies terminated as above and by change to paid-up policies... 431 621,712 00 ETNA LIFE—Continued. Number of insured lives at beginning of year.................... Number of deaths during the year among insured...... Number of insured whose policies have been terminated during the year otherwise than by death....... Number of insured lives at date of statement.... 7,197 51 166 7,761 GENERAL BUSINESS FOR THE YEAR ENDING 31ST DECEMBER, 1881. Total amount actually paid for losses and matured endowments....................... and voided by lapse...... ...... 44,787 28 Cash surrender values, including re-converted additions, applied in pay ment of the premiums..... 148,030 76 Cash dividends paid to policy-holders...... 337,056 94 Premium notes, loans or liens used in payment of dividends to policyholders......... 163,477 78 ETNA LIFE-Concluded. ASSETS. Cost value of real estate, less incumbrances.... Loans on bonds and mortgages (first lien) on real estate........ Premium notes, loans or liens on policies in force....... Cost value of bonds and stocks owned absolutely Cash on hand and in banks........ Bills receivable............ Agents' balances..... .8 543,473 71 9,539,672 54 662,4.9 31 173,628 74 2,475,888 96 8,521,908 07 3,829,214 18 23,634 75 Market value of stocks and bonds over cost....... Total assets, as per books of Company............. (Including items not admitted, $31,492.48.) ....... 7,857 73 .$25,777,707 99 $441,049 49 647,797 65 151,463 68 .$27,018,018 84 LIABILITIES. Net re-insurance reserve at Actuaries' Table, 4 per cent....... ............ .$22,435,442 30 308,588 05 Amount of all unpaid dividends of surplus, or other description of profits due policy-holders............ 86,148 49 MORGAN G. BULKELEY, President. J. L. ENGLISH, Secretary. |