Denton Record-Chronicle (Denton, Tex.), Vol. 30, No. 267, Ed. 1 Monday, June 22, 1931 Page: 3 of 8
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sesmnadasaanau ve I
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Company
Q
Cash
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9
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Ameriean Citizens (Ohte>-
fl
$
Bankers National (N. J.)
3
a
Brooklyn National (N. Y.) .... 5
8,800
> •• *nnan* « »»
f
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•1
B
Fidelity Union (Texas)
8
-
6,000
697,000
25,300,000
"i’s
ur
. The hardest
agement
......
-34,370
€
58,200 $27,026,000 $2,569,00 0
•Not available.
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fi
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$:
Texas, and established its
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srtt
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Acme (Texas)
Alamo (Texas)
Country (III.)
Fidelity (Ala.)
problem for any new com-
pany once the capital is as-
sembled, Hes in the produc-
5
198.500
447,000
251,000
organization. The Gulf States
had none of these adyan-
tages, but began business as
a stock-with-policy compa
ny, pioneered this plan in
Cosmopolitan (III.) .......
Cosmopolitan (Kans.) ...
150,000
150,000
305,000
150,000
8,300,000
3,100,000
1,000,000
3,500,000
2,900,000
5,700,000
1,500,000c
17,500,000c
2,500,000c
1,400,000
250,000
8,600,000c
267,000
12,500,000
11,900,000
430,000c
2,300,000
2,000,000c
1.900,000c
8,200,000
778,000
f
-
American Medical (Wash)
American Provident (Texas)
American Reserve (Neb.) ...
American Savings (Mb.) ...
American Security (Ala.) ...
American Standard (Ala.) .
... 4
... 4
... 2
... 2
... 2
has been writing on the usual
orthodox plan for old line,
legal reserve companies.
642,000
62,200,000f
44,400,000g
10,800,000c
5,700,000
29,200,000
11,100.000k
5,900,000h
14,000,000
5.000.000
$569,831,000 I
. 7
Builders (Ill.) ...............
Century (Ark.) ..........
Citizens National (III.)
Colonial (N. C.) .........
Colorado (Colo.) ........
; i
*
I
"...
■
•t
... 4
.... 3
.... 1
... 4
... 4
... 3
.... 1
131,000
574,000
26,000
47,000
293,000
507,000
549,000
360,000
127,000
141,000
161.000
233,000
224,000
113,000
176,000
172,000
123,000
204,000
316,000
269,000
153,000
216,000
354,000
451,000
1,007,000
- 32,000
209,000
27,000
665,000
22
Mutual _
r-er
3,800,000
4,600,000
239,000c
580,000c
5,400,000
6,700,000
50,000,000a
17,600,000
1,700,000c
7,000,000
431,000
8,500,000c
8,700,000
4,000,000c
7,000,000b
7,000,000c
19.500,000
2,100,000
19,000,000
6,100,000
7,400.000 _
4,900,000
20,100,000c
3,000,000
9,600,000
Fearly Pereent on
Total Investmelit
205,000
450,000
470,000
180,000
225 000
750,000
1,331 000
3.400
229 000
200,000
60,000
300.000
92. .000
. 900,000
375,000
1,270,000
230,000
161.000
400,000
235,000
200,000
241,000
219,000
200.000
750,000
232,000
300,000
460,000
180,000
443.000
315,000
$34,457,000
tion of new business at
reasonable expense.”
h j
75,000
$7,818,000 $
.... 2
..... 4
..... 3
6
.... 2
258
1,900,000
11,200,000
11,800,000
zc1none
90,000
6,000,000
13,100,000c
182,800 2-3 of Ipc
74,000 _________.....
-1 1,000 .....
46,000 ................
1
>
691.000
124,000 .
-56,000 ...
-1,000 ..
-83,000 ...
5,600
147,000
157,000
63,000
287,000
107,000
801,000
277,000
658,000 _
126,000
123,000
402,000
139,000
155,000
230,000
175,000
314,000
686,000
18,000
191,000
250.000
331.000
131.000
237.000
176.000
$19,150,000 I
. 774 ,000
30,000
30 ,000
360,000
586,000
608,000
500,000
200,000 .
247,000
250,000
194,000
250,000
164,000
200,000
150,000
129,000
346,000
400,000
470,000
250,000
200,000
310,000
538,000
1,000,000
30,000 —
300,000
Guaranty Income (La.)
Gulf States (Texas) ......
Hamilton (Calif.) ..........
Harvester (Texas) ........
13,300,000
83,000.
14,800,000 ‘
6-
+-
Great National (Texas) .. 2
Guaranteed Securities (Kan.) ..3
-99,70)
-3.50
22,0c0
127,200 2 l-2pc
0 —
875,000 .............
J
823
Mr
n-
yl-
u-
ef
ich
al-
as
ier
i-f
t
it
-
4
45,000 ...............
144,000 ................
-3,800,000c- 38,000? MUtUal-----
• 199,500 • ______.........
40,000 .....
70,000b ....
70,000c .....
195,000
31,000 .....
285,000 .....
91,000 .....
111,000...
73,000
201,000c ...
■......A
a A large portion of the business was acquired by consolidation with
other companies which were older.
b All term insurance; valued at $10 per M.
c Participating; valued at $10 per M. «
d An increase in book value of $155,000 is deducted as not being an op-
erating profit.
sut, -,34, •,4 -d. V.
National Union (Wash.) ...
Oklahoma ......... ..........
Old Republic (Ill.) .........
Pacific National (Utah) ...
Peerless Mutual (Texas) ...
Pioneer (S. C.) ....................
Pioneer National (Kans.) .
Pioneer Reserve (Ark.) ......
Postal National (N. Y.) _____
Pyramid (Ark.) ...............
Pyrmid (Mo.) ............,......
Seaboard (Texas) .......
Sentinel (Mo.) ________....
1,245
222,000
379,500
154,500
"I
11
■ mA-
l
858,000
7,000
126.000
285,000
895,000
165,000
126,000
385,000
803,000
ne " “ -
-e
184,630
508.600
847,900
Mutual
276,500
688,000
158
•199
7
’ V
ga
,ik
2
i
166,500
409,500
441,500
180,000
178,500
428,500
888,500
Mutual
356,200
182,000
84,000
290,750
987,000
805,005
464,500
,638:800
a
_h, Ml.
+
116,000 $
122,000
677,000
130,000
151,000
234,000
151,000
" rnns
8E
si
j
TABLE—SIX YEARS OF NEW LIFE COMPANIES
Results Achieved by Companies Completing the Year 1929
:.wa n i - ■ 4 - :
308,60 0 2-3 of Ipc
97,900 ..... ,
Mutual’
46,500 .............
888,000 ........
-89,000 ...............
18,500 ...............
4,000 ..:.......
-64,000 ............
Equity
20pe
ik
a, 12Pc -----
18
13Pe
1 i4>c
-8 1-8pe
Mutual
Mutual
. 123p8 .
ga— '
41-4pe
, -fepe
-11 1-3pe
9 2-3pc
Upa
.? •
F
l
4
5
f Group insurance; valued at $3 per M.
, g 4 mil lions in participating ordinary, valued at $10; the rest group val-
ued at $3.per M,
tsh Of which 1.7 millions is non-participating.
k Of which 10.2 millions is industrial.
t smasua t
120,000 $
483,000
734,000
record partly through - this
plan of operation.
Some two years ago the
company was stocked, and
has since brought out a full
panies have enjoyed:
“• * ” it wilt be seen
that there are a number of
companies that have done
exceedingly well by their
stockholders. In nearly all
of these cases it will be found
that the reason lies in a com-
petent and experienced man-
l
:________
1
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8.
• v -T,1
% 1,
------ohroxrxacomn-cumoxucuuonpaxxaI—
11
Continental National (Colo.) 1
ite Gets High Natio
Reprinted from Best’s Insurance News, May 1, 1931, Issue.
eerm ■ " •mi
.............
-te-2 *-
line of policy contracts and
• « \ ‘ Ha
$ 28,000 .
168,000 ...
177,000
—2,600
f 1,000 .
90,000
92,000
18#1888
-2008
264,000 14,000
295,000 95,000
- J
A • '
ed Insurance Authority,
Shows a Comparative
. Table of Companies
Organized During
Past Six Years
The accompanying chart
is of particular interest in
Texas by reason of the fact
that a Texas company, the
G^lf States Life of Dallas,-
Tanks third in the United
Sheridan (IB.)'...................
Southern Old Line (Texas)
,E
tional Rating
.2
' ■ ‘ > ia
7,
... 2
... 3
... 4
... 1
... 2
... 5
.... 2
.... 4
Z 5
.... 1
.... 5
_3
.. 2
... 2
... 1
.... 5
States and first in Texas
among 134 companies in in- .
crease in value of assets All States (Ala.)
... T _
I I
I -
19.000c Mutual
-9,600,000c 98,000 ,10,000
280,000e 3,000c Mutual
2.700,000 2 40,500 ...:
124,500 .....
. __________ 131,000 .....
2 Acquired in its business through reinsurance; data not available.
. 2 182,000 ' ---
/2 " — -
American States (Neb.) ........ 1
American Thrift (Neb.) ........ 4
Associated (Calif.) .........L— 3
Bankers Credit (Ala.) ............ 2
4 ■
Home Guardian (Neb.)
Judea (N. Y.) .......
Legal (Kans.) .
tire & Casualty (Ill.)
. 5 b Nb —4 f -
> - . . , -
■ -----------------------------------------------------------------------------------------------
. .... -*-* Ae -e =A
nteeendt-ma r -ne . ______:
i
B: 11
I 114
I J
I I
Bala Williams
i Representative - s"
- ■ 3.
r--
'" _ L_______
!
l
GuH States L:
Best’s, Nationally Recogni--
e—-
-32,000
..4 765,000
...........................6 400,000 0gi,vv 20,ovv,VUU
‘Michigan.............I.................2 2,220,000 1,381,000 —10,300,000
Mo. Valley (Neb.) .......... 2 • 30,000 . 37,000 1,000,000c
Monarch (Masa.) .................... 4 300,000 anannn
Mutual Old Line (la.) ........... 1
National Old Line (Kans.) ______ 2
to say concerning certain ad- Nationa! Security (Texas ,...... 3
vantages some of the com- National Standard (Texas) .... 4
57,000 .....1........
69,000 ..............
2,000 Mutual
6,000c Mutual
81,000
100,000
750,000
264,000
17,000 ......
105,000
6,000
85,000
100,000
Viewing specifically the
Texas companies in the ta-
ble, We find that one, the
Gulf States Life, Dallas,
ranks third in the nation in
the list and first among Tex-
as companies for yearly per-
centage of gain on the in-
vestment, shown as increase
in equity to stockholders.
The Gulf States shows a
yearly gain of 24 per cent on
its invested funds. The two
exceeding this company are
the Uhited States Benefit,
( Omaha, Nebraska, with a
gain of 28 2-3 per cent per
annum and the Union Coop.,
Washington, D. C., 26 2-3
per cent per annum, a
The United Benefit LiR
built alongside the Mutual
Benefit Health and Accident
Association, and for that ea-
son practically had an
agency plant built to its or-
der at no expense. The Un-
ion Cooperative had similar
advantages, plus a close kin-
ship with a large trade group
• of prospective assureds, and
its business consists entirely
of group insurance on that
■ ' -
-------
---------- Mseat
217 Smoot-Curtis Bldg.
"ao,es General Agent North Texas SM ~a5Br,
Gulf State* Life Insurance Co.
Dallas, Texas . c g
■ -‘=*
Muttm
91-apc
2 1225
2324
-10 2-spe
me
-6pc
W -
■ Ipc
fspe
-6 l-2pc
-152%6
. 26 2-3
4 pc
--Mutual
53-4pe
282-3 pc
v92-Bp
' ■ 0
46-pe
s3pe
• \ / -0,
• . ( • jW'-' II . •.t ■
*mu- —md3 * "oee . *- "bomne"
J. FRED RAYZOR Insurance Agency
--------rince its organization. The-
chart js taken bodily from
the May 1 issue of Best’s'
Insurance News, life edition,
and presents an interesting
history of new companies
- during the years immediate-
ly prior to 1930. The record
goes only to the end of 1929.
Of the companies shown,
. it will be noted that the ex-
perience varies greatly and
Texas is to be congratulated
on showing third in the na-
tion with the Gulf States
Life of Dallas.
From the article accom-
panying the chart in Best’s,
we quote the following:
“We find that during this
period there were 134 com-
panies which commenced
business as follows: In 1925,
14; in 1926, 20; in 1927, 18;
in 1928, 28; in 1929, 34; in
1930, 20.” Of the 134, sev-
enty-six compan i e s are
shown in the accompanying;
chart which covers only to,
the end of 1929. ‘
The arbitrary valuation of
--- . business was base on the
nature of the business ite re-
gard to only one respect—
participatingaazdadeDanaxa
ticipating, the former being
valued at $10 per thousand
♦ and the latter at $15 per
thousand.
Best’s has the following
State Reserve (Texas) .......... 6
Stonewall (Miss.) .................. 1
Transcontinental (Okla.) ........ 1
Union Coop. (D. C.) ... 5
Union Labor (D. C.) ...... 3
Union Mutual (la.) ................ 4
Union Pacific (Neb.) .......______ 3
United Benefit (Neb.) ............ 4
United (III.) ........................... 2
United (Kans.) ..... 3
Victory (III.) ....... 6
Western Reserve (Texas) ...... 3
Totals or Averages ............
Phone 9ft.
18 23
66pe
221385
-11213pe
•12-3pe
10:142pe
/ 24pc
-7 3-4pe
-1-10 of Ipc
Mutyal
46,500 ................
15,000 ................
52,500 ................
43,500 ................
85,500 ...............
150,000c Mutual
175,000c 34,200
25,000c
21,000 ..........
5,760 ...............
860,000c ______
4,005 ...............
187,500 ...........
387,500e ................
4,300 ................
34,500 ...............
20,000 .........
19,000c ................
123,000 ...............
11,670 ................
9.630 ................
186,600f 8,000
161.900g .....a.,...
108,000c Mutual
85,500- ..............
438,000’ .........
40,000k ...............
67,500h ................
210.000 ................
- LI)
144,000 $ 24,000 .............
290,000 -193,000 ...............
854,000 1 20,000 ...............
132,000 -18,000
152,000 2,000 ........
324,000 19,000 ........
282.000 132,000 ...............
» -4 ■ ’ * . ‘
188,000 6,000 ...............
643,000 -131,000 ...............
Mutual ........^.k.. Mutual
Mutual ............... Mutual
374,000 14,000 ...I,..........
607,000 21,000 ...............
1,299,000
624,000
144,000
246,000
167.000
326,800
324.000
153,000
246,000
242,000
318,000
235,000
601,000
360,000
l . c . . .
"i; 4? T , ; 5 - < "4 • •
e Includes allowances of $209,000 for accident and health insuranee pur-
chased. —
• - ' .....f..
. ,000 1-2 of Ipc
585,000 245,00 o ..............
496,000 -42,000 TZ’.....
996,000d -4,000 ...............
Mutual . - s-Mutuat
408,500 108,500 .......
Mutual Mutual
887,000 122,000 .............
1,076,600 __________ZZ
1,738.500 -481,500 ................
"6,000 161,005 MO**! PC
"88,80 Muths
-40,500
-28,500 ........
"246,500 m
-321,500 ................
-442,500 ...............
Mutual
--t 4
. . *— - . W'Ttgtf
-------------
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N ,
. Wright
V* Repreentative
• • • »*Fa %Y*99v**9 " • 1
a ' 2
■■ r
------------
- • i.- .. V
' s4 ■ t * ; 2 . - • • -
" . ' • \ - -
.
State Farm (HL) ...._____
State Life (Ill.) ...
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McDonald, L. A. Denton Record-Chronicle (Denton, Tex.), Vol. 30, No. 267, Ed. 1 Monday, June 22, 1931, newspaper, June 22, 1931; Denton, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1538507/m1/3/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Denton Public Library.