Thomson's manual of Pacific Northwest finance

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Monograph

Identifikator:: 1838857176

URN:: urn:nbn:de:zbw-retromon-229226

Document type:: Monograph

Title:: Thomson's manual of Pacific Northwest finance

Place of publication:: Seattle

Publisher:: Thomson's Statistical Service

Year of publication:: 1930

Scope:: XXX, 487 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section III. Insurance companies

Collection:: Economics Books

NSURANCE COMPAYT COMPARATIVE BALANCE SHEET, As of Dec. 31 1929 1928 21 203,667 20,751 © R27 at ASSETS Bonds .... Cash et een Agents’ Balances ..... A. & H. Dept. ...._. ee emmetceene imeem emmemenemeans Accrued Interest Premiums Due ..... ee . 192. 87,17 30 2h GROSS ASSETS ......... Deduct Non-Admitted Assets... TOTAL ADMITTED ASSETS... LIABILITIES Reserve for Life Losses....... Accident & Health Reserve... Unsettled Claims ......oooooeee oiieein © eon. Coupons Accrued & Other Liabilities... Reserve for Taxes ... Capital ..........._. Surnlus ... ( 04 00 oC TOTAL LIABILITIES ........ $250.0 NATIONAL UNION LIFE INSURANC HOME OFFICE: 315 Symons, Bldg. Spokane. HISTORY: Incorporated under laws of Washington, Apr. 18, 1928. Commenced business Nov. 2, 1928. Original shares were sold for $150, of which $50 was ap- plied to surplus. There was no promotion expense. KIND OF BUSINESS: Company writes non-participating, old line life insurance. IFERRITORY: Washington. OFFICERS: G. I. Toevs, Pres.; H. H. Herbert, Vice Pres.; J. W. Burgan, Vice Pres.; F. E. Dunton, Secy.; O. R. Wagner, Treas.; A. T. R. Cunningham, Med. Di- rector; C. E. Wagner, Asst. Secy.; R. H. Horne, Sup. of Agents. DIRECTORS: Dr. T. M. Ahlquist, H. M. Blakeley, J. W. Burgan, Arthur W. Da- vis, Roy R. Gill, H. H. Herbert, W. P. Hopkins, R. Insinger, Maurice Lindholm, T. F. McCollough, Geo. A. Phillips, R. J. Stevens, W. H. Thompson, G. I. Toevs, S. P. Weaver CAPITALIZATION, As of Dec. 31, 1929 Par Valuc Authorized Outstanding $100 $250.000 100.000 OREGON MUTUAL LIFE INSURANCE COMPANY Capital Stock ....... HOME OFFICE: Alder at Eleventh Street, Portland, Ore. GENERAL AGENCIES: Portland, Salem, and Marshfield, Ore.; Seattle, Spokane, Tacoma and Yakima, Wash.: Oakland. San Francisco, Los Angeles and San Diego. Calif. HISTORY: Incorporated under laws of Oregon, Feb. 24, 1906. Started business on April 12, 1906, under the name Oregon Life Insurance Company. In 1929, after the law permitting mutual life insurance companies to operate in Oregon was passed, company was mutualized with the approval of both stock and policy holders. Prior to retirement in 1929, company had outstanding $100,000, of $1,000 par stock, on which dividends were limited to 7% per annum. Charter provided that majority of policyholders or company could purchase this stock at par and continue as mutual company. KIND OF INSURANCE: Has both participating and non-participating policles on the books, but all policies written as non-participating are, since mutualiza- tion, eligible for dividends. TERRITORY: California, Idaho, Oregon and Washington. DFFICERS: C. F. Adams, Pres.; Adolphe Wolfe, Vice Pres.; Louis G. Clarke, Vice Pres.; Wm. Pollman, Vice Pres.; W. C. Schuppel, Exec. Vice Pres.; W. P. Stal- naker, Sec.; Edward H. Geary, Treas.; Raymond R. Brown, Actuary and Asst. Sec.; A. J. Giery, M. D., Med. Director; Arch. J. Tourtellotte, Auditor. DIRECTORS: CC. F. Adams, Adolphe Wolfe, Louis G. Clarke, Wm. Pollman, W. P. Olds, Jefferson Myers, A. H. Devers, H. L. Corbett, Jos. T. Peters, J. H. Booth, ZC. C. Colt, John A. Zehntbauer, James B. Kerr, T. A. Davies, Edward H. Geary E. C. Sammons, Nathan Strauss, W. C. Schuppel. GENERAL COUNSEL: Teal, Wintree, McCulloch & Shul - COMPARATIVE GROWTH Year No. Policies 1906 ceeeeeee 285 1910 .......... een : 1915 lL eres L920 eee L925 eee. 99 ns. in Force 624,000 1,270,605 J,093,456 14,508,106 :0,329,634 5.201.706 ncome 28,491 169,872 45,362 85,683 575,657 427 RON Legal leserve 3,160 70,864 '5,418 0,993 »..5,776 CTOhH 449 Admitted Assets 104,997 298,290 988,049 2,633,377 6,112,938 9 501169

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