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Fire.

Equitable Fire Ins. Co., Snow Hill, Md..... Fire.
Fidelity Fire Ins. Co., Baltimore, Md...........
Globe and Rutgers Fire Ins. Co., New
York, N. Y....

Helvetia-Swiss Fire Ins. Co., St. Gall, Swit-
zerland.

Fire.

Fire.

Fire.

Fire.

Indemnity Fire Ins. Co., New York, N. Y.. Fire.
North British and Mercantile of New York,
New York, N. Y.....
United Fire Ins. Co., Baltimore, Md.
Washington Assurance Co., New York, N.Y
Covenant Mutual Life Ins. Co., St. Louis, Mo
State Life Ins. Co., Indianapolis, Ind....
Maryland Beneficial Union, Baltimore, Md..
United Fraternal Accident Order, Balti-
timore, Md....

Woodman of the World, Omaha, Neb

Fire.
Life.
Life.
Fraternal.

Fraternal.

Fraternal.

The following companies have ceased doing business in this State since the publication of the last report:

NAME OF COMPANY.

LOCATION.

CLASSIFICATION

REMARKS.

Ætna Indemnity......... Hartford, Conn. Fidel.and Cas. Retired.
American Protective
League

Baltimore, Md... Fraternal....... Wm.E.Hoffman,

receiver.

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Insur. Co.State of N. Y. New York, N. Y. Fire.......

Now the Globe
and Rutgers.
Absorbed by
United Fire.
Retired.

Interstate Casualty.... New York, N.Y. Fidel.and Cas. Reinsured.
London Guar. & Acci't. London, Eng.... Fidel.and Cas. Retired.
Lumbermen's Fire...... Philadelphia, Pa Fire.

Manhattan Fire...

Manheim Fire....

Merchants and Manfrs.
National Fire..........

National Life Ass'n.....
Norwood Ins. Co....
Reliance Marine..

Royal (Mutual)..

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Schuylkill Fire..

Philadelphia, Pa Fire.

Retired.

Security Fire...

Cincinnati, O.... Fire.

Retired.

State Life...

Indinap'lis, Ind. Life.

Retired.

Transatlantic Fire..

dent Order........

Hamburg, Ger... Fire....

Retired.

United Fraternal Acci

Baltimore, Md... Fraternal........ Retired.

The following table shows the number of companies doing business in this State, and are classified as follows, showing a decrease of fifteen less than 1897:

Maryland Fire Insurance Companies.......

Maryland Mutual Fire Insurance Companies.....
Other States, Mutual Fire Insurance Companies.....

13

19

3

64

37

Other States, Fire and Fire-Marine Insurance Companies..
Foreign Fire and Fire-Marine Insurance Companies........
Fidelity and Casualty Companies of this and other States.. 22
Credit Insurance Companies of other States...
Maryland Life Insurance Companies.......

Other States, Life Insurance Companies.

Foreign Life Insurance Companies......

Stipulated Premium Life Insurance Companies.........
Co-operative Assessment Associations and Mutual Aid So-
cieties of this and other States.......

2

4

33

I

I

8

Fraternal Beneficiary Associations of this and other States.. 27

Total

BUSINESS OF 1898.

234

The following statement is an abstract of all branches of insurance transacted in this State in 1898. Premiums received and losses paid are therein contained, and it is to be regretted that with but few exceptions, as compared with 1897, it is not an exhibit of gain, but loss. Marine Insurance is one of the exceptions, giving the year an enviable distinction of being profitable.

Our local Surety and Casualty Companies, being aggressive and ably managed, have experienced prosperity during the past year. There has been much unrest and friction in fire business. The prosperous years which have been enjoyed have tended towards disorganization, likewise failing to maintain profitable rates.

You will observe, upon inspection of many of the reports this year, that the chief source of gain will be found in the investment department, resulting from an appreciation in securities rather than underwriting.

The withdrawals from this State have been unusually large during the past year, and illustrates the fact of their inability to endure the competition which now exists.

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COMPARATIVE SUMMARY OF BALTIMORE JOINT STOCK FIRE INSURANCE COMPANIES.

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From the above figures it is apparent that the past year has been an unprosperous one for the Maryland companies, the premium receipts showing a decrease of one hundred and forty-two thousand dollars less than those of the preceding year, the losses seventy thousand dollars more. Capital, Assets, Liabilities, etc., all show a very material decrease. The companies of other States and foreign countries have met with a corresponding unprofitable year.

Three local companies have retired since January 1st, viz; Associated Firemens, which was absorbed by the organiza. tion of the Fidelity Fire Insurance Company of Baltimore, also the Howard and National, which were absorbed by the organization of the United Fire Insurance Company of Baltimore.

COMPARATIVE SUMMARY OF FIRE INSURANCE COMPANIES OF OTHER STATES IN MARYLAND.

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COMPARATIVE SUMMARY OF FOREIGN FIRE INSURANCE COMPANIES IN MARYLAND.

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In the report made a year ago, comment was made upon the increased volume of life insurance effected in this State during the year 1897 as compared with 1896. It is gratifying to note that with continued confidence in the stability of financial conditions and a consequent general increase of prosperity among the people, there has been a considerable gain in the amount of insurance effected during the past year as compared with 1897.

The following figures for new business written in the State. of Maryland during the two years are as follows:

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The average amount of policy of ordinary insurance decreased from $2,340 to $2,061, so that while the number of policies issued increased more than thirty per cent. as compared with the previous year, the amount of insurance effected increased less than fifteen per cent.

The large increase in industrial insurance, as compared with the previous year, is chiefly due to the inclusion in this

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