We have examined and verified the Bonds and Mortgages, Railroad, State, Municipal and other Bonds, Stocks and all other Investments owned by the
Company or held as Collateral, and have proved that the Bonds and Stocks are valued at market prices 011 December 31, 1916, and that the Loans on Collat
eral are fully secured. We have also counted the Cash on hand, and have verified the balances deposited with Banks and Trust Companies.
The Reserve on Policies in force and other Actuarial Liabilities are certified by the Actuary of the Company. We have satisfied ourselves that all other
Liabilities are duly provided for. and WE CERTIFY that the above Statement of Assets and Liabilities correctly sets forth the true financial condition of
the Company on December 31, 1916. H. B. BOUDAR & SON,
Richmond, \ a., January 12, 1917. Certified Public Accountants.
Statement of Operations During 1916
Premium Income $ 3,992,726.24
Increase in Premium Income - 295,875.53
Gross Income - 4,734,281.22
Increase in Gross Income ............... 389,113.59
Increase in Assets .................. 1,834,694.58
Insurance in Force ................. $118,349,212.00
Increase in Insurance in Force ................ 13,526,511.00
Total Number of Policies in Force - . . . 725,119
Increase in Number of Policies in Force - 48,745
Death Claims, Etc., Paid to Policyholders $1,307,921.51
Total Payments to Policyholders Since Organization
Year.
1901
1906
1911
1916
$18,119,172.50
Growth in Five-Year Periods
Gross Income for the
Year.
$1,195,319.08
2,218,551.07
3,304,874.56
4,734,281.22
Assets at End of Year.
$ 1,060,330.90
2,938,289.05
7,378,967.24
14,464,552.23
Surplus, Including
Capital SJock, at End of
Year.
% 235,526.88
501,693.23
1,403,681.91
2,027,834.67
No. of Policies in
Force at End of
Year.
270,566
443,551
568,462
725,119
Outstanding Insurance
at End of Year.
$ 29,845,450.00
54,507,580.00
78,499,874.00
118,349,212.00
Year.
1901
1906
1911
1916
JOHN G. WALKER, President.
