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SPECIAL. NUMBER
THE EMPIRE LIEE!=I
THE SOUTH’S MOST PROGRESS
NEW 1913 BUSINESS
IN GEORGIA!
In the Race of Fierce Competition of
Sixty Companies for Leadership of New
Business in Georgia, There Was But
One Company That Wrote More Paid
For Business Than The Empire Life.
Name of
Company.
1 Penn Mutual Life
2 THE EMPIRE LIFE
3 New York Life
4 Mutual Life
5 Metropolitan Life
6 Citizens National
7 Union Central
8 Mutual Benefit
9 Southern States Life
10 American National—Old
11 Northwestern Mutual Life....
12 Maryland Life
12 National Life
14 Aetna Life
15 Prudential Life (Ord)
16 flitor-Southern Life
17 Meridian Life
18 Mass. Mutual
If) New Lngland Mutual
20 State Life
21 Illinois Life
22 Columbia National
22. Equitable Life
24 doff era-on Standard
25 Franklin Life
26 Missouri State Life
27 Commercial Life and Casualty.
28 Fidelity Mutual
20 Connecticut Mutual
2,0 Volunteer State Life
21 Reserve Loan Life
22 Michigan Mutual
22 Life Ins. of Virginia
24 Columbia Life
25 National Life of U. S. A
26 Reliance Life
27 State Mutual Life
28 Travelers Ins. Co
20 Cosmopolitan Life
40 State Mutual Life
41 Manhattan Life
42 Pan-American Life
42 Security Mutual Life
44 IT. 8. Annuity Life
45 Pittsburg Life and Trust C 0...
46 Standard Life (Ord. and hid).
I 7 Indiana National
48 Inter-National Life ....Life..
40 (Jermania Life
50 Home Life
51 Phoenix Mutual Lite
52 Banker’s Reserve
52 Pacific Mutual Life
54 Southern States Mutual Life..
55 (’herojkee Life
56 North American Life
57 American Central Life
58 Atlantic Life
50 Philadelphia Life
60 Southern Ins. Co
GROSS ASSETS
$2,021,978.18
static New f° r Business
Written During 1913.
Pa $4,533,039
Ga 3,752,019
N. Y 3,581,998
N. Y 3,472,421
N. Y 3,217,547
Ky 3,050,500
Ohio 3,012,907
N. J 2,760,216
Ala 2,437,296
Texas 2,314,791
Wis 2,162,300
Maryland 1,947,443
Vt 1,842,027
Conn 1,660,360
N . 3 1,635,050
Ky 1,610,483
hid 1,541,537
Mass 1,237,200
Mass 1,100,670
hul 1,019,320
111 1,003,020
Mass.. .. i 983,113
N. Y 945,305
N. C 911,134
ill 840,902
Mo 832.181
• LI» 826,323
Pa 738,593
Conn 734,324
Tenn 702,070
Lid 602,000
Mich.. 517.266
Va. (Ord.) 515,394
° 513,650
LI 504,581
La.. 498,5(H)
La 489,498
Lonn 497,927
La .. 409,750
Mass 401,717
N - Y 381,662
I 359,494
■L v - 353,385
11 317,483
La 253,910
L« 24.?,f 60
Lid 246,500
M" 236,043
N. V 235,790
N - Y 222,525
L°"» 211,146
L«l 153,453
M r . Vn .. 94,536
La 43,000
['l- 23.044
Lid 18,510
Va 14.000
NONE
r r<'nn .. NONE
THE EMPIRE LIEE INSURANCE Co.=
The H. C. LORICK COMPANY, Gen
Extracts From Opinions of Ina
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EMPIRE LIFE
REPOST
Examination Just Completed
Show Company to Be in
Good Financial Con
dition.
"Pursuant to instruction from the
Insurance Department of Georgia,
the Empire Life of Atlanta lias liecu
examined by Actuary John A. Cope
land, assisted by Public Accountant
Geo. N. Spring, and their report has
been filed.
The Em,i ire Life has been re-organ
ized and changed from a mutual to a
stock basis. It was on account of the
completion of this change the exami
nation was ordered. The work of
Actuary Copeland and his assistant
covers every detail since the organi
zation of the stock company, March
nth, 191 it, to December 31, 1913.
"The report gives the company a
clean bill of health, and showing a
substantial net surplus to policy
holders.” —Insurance Field. Louis
ville, K.v., March 27th, 1914.
EMPIRE LIFE
OF GEORGIA
State’s Audit Shows Resources
Are Substantial —Company’s
New Building—lts Record
of Leadership.
"The insurance department of the
State of Georgia completed recently
an examination of the Empire Life
Insurance Company of Georgia. The
report covers the period from the date
of the previous examination, Decem
ber 31 ,1912, to December 31- 1913..
"Later the insurance department
completed an exhaustive supplement
ary report, carrying back to March 5,
1912, the date of the organization of
the Empire Life, the official scrutiny
of the company's condition and
operations.”
"The insurance department speaks
well of the company's dealings With
its policyholders. Official salaries are
moderate. Commissions paid for the
sale of stock have not exceeded the
limit of 10 per cent allowed under
the Georgia statutes.
“The Empire Life is building a 17-
story skyscraper in Augusta. Ga„ in
which its home office is to be located,
it is to he one of the finest buildings
(n the South. Construction is of steel,
IN ALL SECTIONS EMPIRE
terracotta, and white pressed brick.
A "Leader in the Life Field.”
“The management of the company is
vigorous and progressive, and is mak
ing history rapidly.
“The officers have reason to be just
ly proud of the payments made to
policy-holders during 1913. The
amount thus paid exceeds tlie figures
of many older companies, some of
which were organized prior to 1870.
“The Empire Life maintains an ef
ficient agency organization. The com
pany is licensed to do business in
Georgia, Alabama and Florida. It is
at tile head of a list of twelve other
companies organized in the same year,
that is, 1908.
"The company is also prominently
mentioned among the foremost “‘Load
ers In The Life Field” as published
for 1913.
"Another highly commendable fea
ture of President Reid’s management
is that the Empire Life is the only
company that has kept absolute faith
with the holders of income certifi
cates and has protected eterv one of
them by exchanging certificates for
stock upon reorganization. It will he
recalled that the Georgia Supreme
Couft declared that income certifi
cates were not to he held as a liabil
ity. hence the Empire Life’s Sfpiaro
deal is the more notable because it
was Wholly voluntary.”—lnsurance
Press, New York. June 24th. 1914.
EMPKE LIFE’S EXAMI
NATION BEST IN ITS
HISTORY
“The Empire Lite is in the best
shape financially and otherwise now
that it has ever been. Tills asser
tion is based upon the results of an
examination recently completed for
the Georgia Insurance Department
and upon the conclusion drawn by
the examiners in an analytical re
port made by them covering the pe
riod from March 5, 1912, when the
stock plan was adopted, until De
cember 31, 1913, the end of tile pe
riod examined.
Tli triends and pol'cvholders of
the company cannot bu.‘ he hignly
pleased with toe allowing made anil
even the would-be critics will have
to admit that the statement Is a
good one and that the officers and
directors are to he complimented on
the results. The Empire Life has
made mistakes. What company has
not? It may make more, but who is
infallible? Decidedly and em hftti
' ally the company Is occupying trie
best position it ever has and its
prospects for the future have never
been brighter than now.
"More power arid greater success
to the management or the Empire
Life Should be the wish of everv well
meaning and high thinking life in
surance man."—The Southeastern
Underwriter, Atlanta, April 1914.
Find an Empire Life agent, and you will find a succei
agent in his section. The Empire Life provides agents 1
meet all the needs of the insuring public, and too, these
WE HAVE OPENINGS FOR HIGH-CLASS
TIVE CONTRACTS TO RIGHT PARTIES,
EMPIRE LIFE
EXAMINATION
SHOWS A CREDITABLE COM.
PANY
President Reid Has Laid Foun
dation For Large Future
Growth—lts Present
Status.
An interesting ducument received
during the past week is the report
of an examination of the Empire Life
Insurance Company of Atlanta by the
Georgia insurance Department, in,
fact there are two reports, the first
covering an examination covering the
year 1913 and the other supplemental
thereto which includes a review of the
transactions of the Company from the
date of organization. March 6, 1912,
to December 31, 1913.
“The growth and cevelopment of
the Empire Life has been due to the
ability and aggressiveness of Presi-
Vnt Reid. It has been no easy task
to establish a company with insurance
in force of nearly $20,000,000 and as
sets approximately $2,000,000, but Mr.
Reid has shown himself to be a strong
exct’Alive. and. the future Will show
the beneficial results of the work
thus fay, which has beej? principally;
that of laying a strong foundation.
"The steel work of the new home
office building, in process of erection
31 Augusta'. Ga., to which city the
headquarters of the Company will be
transferred, is well nearing comple
tion and the structure will be one of
the finest in the South.” —Eastern
Underwriter, New York, June 4th,
1914.
EMPIRE LIFE
INSURANCE
COMPANY
Repor* of Its Examination By
the Georgia Insurance
Department.
“The Empire Life Insurance Com.
puny was organized as a stock com
pafi March 5. 1912, with a new board
of directors and with ample capital.
The report of the examiner of this
re-organized stock company shows
that it took over the business of the
old mutual company, and that credit
able results were accomplished dur
ing the short time from March 5,
1912, to December 31, 1913. In fact,
the report, all the way through, is
favorable to the company and its
management, and it is impossible to
read it Without being convinced that
a great piece of constructive work
has been done despite the odds
against its accomplishment.
“At the request of the Georgia In.
THE AUGUStJ