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LIFE INSURANCE COMPANIES.   355

FEDERAL LIFE—Continued.

 

Agents' ledger balances    $   2,815 99

Advances to agents, to be repaid from commissions    5,270 97

Office furniture    2,023 04

Fire insurance premiums paid on account of mortgagors    862 12

 

Total    $ 506,524 22

 

 

OTHER ASSETS.

Interest due    8 3,797 09

do accrued    6,757 69

Total carried out    10,554 78
Net amount of uncollected and deferred premiums on new business

$20,733.61 ; on renewals, $69,900.20    90,633 81

 

Total assets    $ 607,712 81

LIABILITIES.

*Amount computed to cover the net present value of all policies in force....8 498,475 06 Deduct value of policies reinsured in other companies    2,996 81

Net reinsurance reserve    $ 495,478 25

Claims for death losses, unadjusted but not resisted    19,000 00

Present value of death claims payable by instalments    3,400 00

 

Total liabilities    $ 517,878 25

 

Surplus on policy-holders' account    89,834 56

Capital stock paid up    81.297 00

 

Surplus above all liabilities and capital    $   8,537 56

 

 

INCOME DURING THE YEAR.

Cash received for premiums   $ 265,338 25

Premiums secured by policy loans    27,889 70

Premiums paid by dividends    30,631 26

 

Total    $ 323,859 21

Deduct premiums paid to other companies for reinsurance    11,460 42

 

Net premium income    $ 312,398 79

Received for interest    22,572 50

Received for rents    671 62

 

Total    $ 335,642 91

Received for calls on capital    1,100 00

 

Total income    ? 336,742 91


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