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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”