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=THE EMPIRE LIFE!
LIFE INSURANCE COMPANY
fee Experts on the Condition
life Since Organization
a—außrr iirima wnnr Mii»n namniir i» m— hi i iihiiihimi ■ imw—mi
Btinent. an analysis was
■ company’s operations
Bove mentioned period,
flbtrated that the com
■ better shape financially
Ber been since its organ
■re years ago, and that
Bm has been laid fox a
fturanee company.
ftt also shows the man
■be conservative but ag
|h a strong agency force
fed and operated on a low
Is.
rstand that the company's
[showing is attracting to
he very cream of the in
fession in the territory in
berates. As the report
[hat ail claims are prompt-
E on the whole should be
[to the company's pollcv
| stockholders and should
| a strong canvassing
|r its agency force.”—
lington, D. C., May, 1914.
mpFre life
GEORGIA
|e of insurance as an in-
Inot be measured in dol-
Ints. It has dorre more
■gilts of charity to foster
Brotherhood and of com
■ It is pre-eminently t.:e
Is today in the world,
ftnitarian standpoint. The
I of Georgia, one of the
In companies, is an nsti-
Kis character, because it
feat service to the people
plicyholders In that com
in thing in a company is
which it is rendering,
e Life is maintaining its
•ve on the most conserva
namely, ‘i% per cent,
evidence of what the com
ing in the interest of ils
ig over the figures of this
ir the past five years we
remarkable and healthy
ie gaiils are excellent,
lary 1, 1914, the gloss H -
ted to $2,021,978; the
is $569,484. So you can
the Empire Life is a two
ar company. The assets
rested, the company only
s mohev in the best se
ttle market, and a care
on is always made prior
these gilt edge securities,
pire Life has a higher
i simply selling a policy
; money. The men n
sve that n company to suc
be governed in its eon
enevolent motives linked
ace knowledge and sound
Sgment.
a: any sells a clean-cut
ern in every way and up-
I the premium rates arc
f adjusted. The ertm
ong in assets, popular in
i clean record and the fa
red.
ortant part of every bus-
FE AGENTS SUCCEED!
tat t in fact the most prosperous life insurance
equipment of poll, ies that enables them to
t forms are liberal and easily sold.
SONAL PRODUCERS, ATTRAC
IDRESS HOME OFFICE AT ONCE
re COMPANY OF THF SOUTH”
Agents, AUGUSTA, GFORGIA
incss is to know what ought to he
done, and President Reid has known
what to do. as is shown by the re
markable growth of the company,
and he will do it in the future. He
is unique in method as well as origi
nal. and never hesitates to take the
initiative- There is no question
about the ability and energy of this
man. He is the dynamic which is
moving and building up the Empire
Life.
“Tile outlook for the Empire Life
was never brighter than at the pres
ent writing.—lnsurance News, Phila
delphia, May, 1914.
- .
EXAMINATION OF
EMPIRE LIFE
Actuary Copeland’s Report on
Company For Georgia In
surance Department Very
Satisfactory.
"The Georgia insurance department
has completed an examination of
the Empire Life of Atlanta, cover
ing In deiail its operations from or
ganization to December 31, 191.'!. The
report shows the Company to have
si-css assets of $2.021.97k and net as
sets amounting to $1,769,638.
1 During the period from March 5,
1912. to December 31, 1913, the income
exceeded the disbursements by s7:l. r >,-
297. On the former date the present
company reinsured the business of a
mutual of tiie same name and also
assumed certain contingent liabilities
not theretofore considered actual by
the mutual company. After paying all
current claims promptly and provid
ing ample reserve to protect policy
contracts, besides discharging inherit
ed liabilities of over $260,000, there
remains a net surplus to policyhold
ers of $314,143.
“Actuary John A. Copeland and
Public Accountant George i\. Spring
conducted the examination for the
Georgia department and their report
shows every item of income, disburse
ment and investment during the period
under investigation,
“The assets are listed at rock-bot
tom figures anil included In the lia
! Pities are all possible charges that
could even remotely htcoii e a claim.
Taking into consideration the cost of
establishing ah agency plant, (he ad
dition to the reserve on account of
the increased amount of new business
written and the persistency of re
newals. file management of tiie Em
pire t.ife is to lie congratulated on
the strength shown by the examiners’
report.
“The cotnpnny is gradually retiring
the income certificates issued by (lie
nid company to the mutual Satisfac
tion of all concerned and the vote of
(he directors regarding the additional
capital is being carried out as ex
peditiously as possible. On the whole,
this examination shows results that
should he emiinentl.v satisfactory to
the policyholders, stockholders, of
l icers and agents of the coir puny.”—
Insurance Herald-Argus, Atlanta,
April 9th, 1914.
EMPIRE LIFE
INSURANCE
COMPANY
“At the instance of the Insurance
Department of Georgia, a rigid ex
amination has been recently made of
the Emit ire Life Insurance Company
of Atlanta. Early in 1912 this organ
ization went from a mutual to a s..oek
basis, and the examiners have care
fully gone over all its transactions
since March 5, 1912. Their report
shows that the company possessed
on December 31st last assets amount
ing to $1,7G9,039, exclusive of $252,340
non-admittal items. The major part
of this latter amount is represented
by notes receivable on account of
stock subscriptions to the extent of
$159,298, which sum will be duly
paid as the notes mature. Tile gross
assets ot the company, therefore,
figure out at $2,021,978. The exam
iners find that the liabilities amount
to $1,408,495, Oi which sl, 14,890 rep
resent leserves on outstanding poli
cies, health and accident provisions
and the present value of Instalment
claims, so that net surplus on policy
holders’ account is $314,144, including
the capital stock of $289,250. In
making up the schedule of liabilities
the examiners Charged up against the
company every item concerning
which there was any doubt, so that
their final findings place the company
cn a bed rock basis. Among the items
so charged is $15,766 for special con
tract dividends, being the maximum
amount of such dividends declared and
unpaid as weil as accured. While tiie
surplus has apparently decreased,
such decrease is mainly due to an in
crease in reserves amounting to
$363,834- The examiners state in
connection with this item that “this
increase is easily understood when
we consider that $223,807 in first
year’s premiums and $949,189 in re
newal premiums was received by the
company I'or (he period covered,
while only $87,008 was disbursed lor
surrender values during the same pe
riod.”
Will am W. Reid, president of Hie
company, is using every possible ef
fort to place it ofi a firm foundation
so that the policyholders’ interests
will lie thoroughly protected. A care
ful reading of the report of the ex
aminers and an investigation of tiie
figures entering into tiie report will
cr.nv'ncp those interested in the
maintenance of sound life insurance
principles that the Empire l ife is
thoroughly solvent and capable of
carrying out its contracts in full.”
The Spectator, New York, May 7th
1914.
' S|r
INSURANCE IN FORCE
IN GEORGIA!
Only Seven Companies Doing Busi
ness in Georgia Have More Insurance
in Force in the State Than the Empire,
Notwithstanding Their Long Years of
Operation.
Name of
Company.
1 Penn Mutual Life ..
2 Mutual Life
2 New York Life
3 North Western Mutual Life...
5 Mutual Benefit
6 Union Central Life
7 Prudential Life (Ord.)
8 THE EMPIRE LIFE
9 Equitable Life
12 Mertopolitan Life (Ord.)
11 Mass. Mutual
12 Metropolitan Life (Ord
13 Aetna Life
14 State Mutual Life
15 National Life ..
16 American National
17 State Life .. ..
18 New England Mutual
19 Travelers Ins. Co
20 Citizens National
21 Fidelity Mutual . . ..
33 Jefferson Standard
23 Meridian Life
24 Illinois Life
25 Franklin Life
26 Manhattan Life
27 Maryland Life ..
28 Conneetieut Mutual
39 Columbian National
30 Phoenix Mutual Life
31 Volunteer State Life
32 Reliance Life ..
33 Security Mutual Life
34 National Life of U. S. A
35 State Mutual Life
36 Paeifie Mutual ..
37 Home Life
38 Commercial Life & Casualty..
39 Michigan Mutual
40 Inter-Southern Life
41 Germania Life . . . . .
42 Lif Ins. On. of Virginia
43 Pittsburg lit. 1 & Trust C 0....
44 International Lif
45 Missouri State Life
46 Reserve Loan Life
17 Cosmopolitan Life
18 Columbia Life
19 IT. S. Annuity Life
50 Pan-American Life
51 Sou. States Mutual Life
52 Atlantic Life
52 Indiana National
54 Standard Lif" (Ord. and hid.)
55 Bankers Reserve
56 Oherok: e Life . .
57 Southern Ins. Co
58 North American Lire
59 American Central
60 Philad; lphin Life
e m A mx> Total Insurance
hLALtI - in Force,
Pea .. $30,605,354
N. Y 29,344,455
N. Y ... 27,734,51 r j
Wis.. ... «... .. 23,134,9/83
N. J ... «. .. 18,230,762
O. 17,19/7,079
N. J .. 14.788,198
Ga H,339,159
N. Y... '14,108,270
N. Y 11,588,361
‘Mass .. . . 10.624,908
Ala... .. 9,417,186
Conn .. . 8)574,645
Ga .. .. •• 7,724,304
Vt 7,695,763
Texas .. 7,199,718
Ind 6,869,433
Mass. . ./ 6,162,131
Conn 5,062,951
Ky 4.707.050
Pa 4,162,389
N. C 3,795,057
Ind 3.355,456
111 3,376,302
111 3,176,580
N. Y 2.962,318
Md . 2,794,263
Conn , . 2,786,383
Mass .. .. 2. 1 23,385
Conn .. 2,662,223
Term 2,437,519
Pa ... 2.243,819
N. Y 2,202,207
Til 2,069,501
Mass 2,017,554
Cal 1.917,571
N. Y 1,915,985
Ga 1,899,013
Mich 1,895,380
Kv 1,789,006
N’ Y. . 1,461,764
Va. (Ord.) 1.347,353
Pa 1,302,708
Mo 1,23;;,794
Mo 1,215.569
Ind 1,143.100
Ga 704,438
0 53.1,650
111 481,657
La 452,720
W. Va 423,283
Va 413,786
Tnd 318,500
Ga 221,500
Neb . 216,216
Ga 105,000
Term 81,500
Til 27,988
Tnd 26,700
Pa 9,500
GROSS SURPLUS
TO POLICY HOLDERS,
$566,484.27
"AUGUSTA IN 1914”