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Wright, Edwin W. Bryant and Sheppard Homans, who were delegated to institute a searching investigation into the financial condition of the Association, especially as affected by the issue of these policies and the previous method employed in their valuation. The Association courted a critical investigation, and cheerfully furnished every facility for its accomplishment. The work has been completed, and the impartial report of the Actuaries has been accepted, and its suggestions promptly adopted by the Association. With this adjustment, and the further issue of such policies abandoned, and with the fact that the number outstanding is small and constantly diminishing, and that the additional reserve called for by the new rule will not impair the credit or integrity of the Association, but will speedily be absorbed in its increasing surplus or income, there seemed no occasion for any arbitrary or summary change in departmental ruling.

MORTUARY STATISTICS. The annexed tables show a termination by death of nearly seven thousand policies during the past year, an increase of nearly five hundred death claims over 1870. Whether the increase of mortality has arisen from the accumulation of predisposing causes, or from want of care in the selection of risks, is a question probably best understood by the Companies themselves. In the whole number of claims accruing within the year, thirty-four Companies show a ratio under 1.00; seven of them ranging from .48 to .60 only; while seventeen exhibit a ratio exceeding 1.00, six of these ranging from 1.20 to 1.50 and upwards, the average of the whole being .92.

The ratio of deaths on new policies issued in 1871, is also given in the same connection, from which it will be perceived that an unusual number of Companies incurred no losses on new policies ; while some others failed to make returns.

Claims by Death during the Year ending December 31, 1871.

NAME OF COMPANY.

Com Number menced of Busin's. Claims.

Amount.

Ratio of Ratio of Claims to Loss to mean No. mean Am. of Polic's. Insured.

701

.99

1823, 1843, 1844, 1845,

.96 1.17

272

1.27

412

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.97

680

1.11

1846, 1847, 1849, 1850,

.89 1.10 1.13 .99

79 158

1.07

.89 1.19

1.01

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Massachusetts Hospital,
Mutual, New York, .
New England Mutual,
Mutual Benefit,
New York,
State Mutual,
Connecticut Mutual,
Penn Mutual,
Union Mutual, .
Ætna,
Charter Oak,
Manhattan,
National, Montpelier,
United States, .
Berkshire,
Massachusetts Mutual,
Phoenix Mutual,
Knickerbocker,
Northwestern Mutual,
Equitable,
Guardian Mutual,
Germainia,
Home, .
Washington,
John Hancock Mutual,
North America,
Security,
Brooklyn,
Continental, Hartford,
Globe Mutual, .
National, New York,
Travelers',
Connecticut General,

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$2,322,685 00

875,315 00 1,677,259 00 1,325,880 72

63,400 00 2,013,689 00

244,000 00
318,950 00
1,235,803 00

686,765 00
468,218 00

34,026 00
260,265 00

91,512 00 304,100 00 724,238 00 881,600 20

711,556 11 1,584,275 77

337,045 00 381,685 88 141,700 00 304,850 00 154,238 00 454,420 00 553,832 00 145,500 00 162,966 66 368,770 00 76,297 00 59,541 00 102,284 00

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Claims by Death, &c.—Concluded.

NAME OF COMPANY.

Com Nnmber menced of Busin's. Claims.

Amount.

Ratio of Ratio of Claims to Loss to mean No. mean Am. of Polic's. Insured.

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.71 .54

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45 190

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$54,130 00 77,124 00 29,754 00 115,800 00 575,250 00 35,247 60 57,567 00 47,623 00 44,750 00 86,500 00 57,000 00 61,333 00 59,300 00 42,100 00 400,882 00

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New Jersey Mutual,
Provident Life and Trust,
American Popular,
Atlantic Mutual,
Continental, New York,
Economical Mutual,
World Mutual, .
Excelsior, .
Hartford Life & Annuity,
Metropolitan,
Anchor,
Asbury,
Eclectic,
Homeopathic, .
Life Ass'n of America,
National Capital,
National of the U. S.,
Empire State,
Hope Mutual,
Government Security,
Merchants',
Republic, ..

.71

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Deaths on New Policies issued during the Year ending December

31, 1871.

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Cos. OF OTHER STATES.
Ætna,
American Popular,
Anchor,
Asbury,
Atlantic Mutual,
Brooklyn,
Charter Oak,*
Connecticut General,
Connecticut Mutual,
Continental, Hartford,
Continental, New York, ·
Eclectic,
Economical Mutual,
Empire State,
Equitable, *
Excelsior,
Germania,
Globe Mutual, .
Government Security,
Guardian Mutual,
Hartford Life and Annuity,
Home,
Homeopathic Mutual,
Hope Mutual,

26,446 00

1,000 00 11,000 00 1,200 00

5

.04 .05 .08

.05 .04

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Knickerbocker, *
Life Association,
Manhattan,
Merchants',
Metropolitan,
Mutual, New York, .
Mutual Benefit,
National Capital,
National, Montpelier,
National, New York,
National, of the United States,
New Jersey Mutual,
New York,
North America,
Northwestern Mutual,
Penn Mutual,
Phænix Mutual,*
Provident Life and Trust,
Republic,*
Security, .
Travelers',
Union Mutual, .
United States,
Washington,
World Mutual,

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Totals,
Grand Totals,

$380,124 00
$ 109,124 00

167

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