The Life Insurance Business

The nincty-one tife insuranee companies in the covnitry hud a capital paid ín 1871 of f15,265,233; their assets were !?■'! 19, 060,303, and their linbilities, exclusive of eapital inr were it268,27-aO&. These ninety-one companies had their head offices in sixteen Ptates and the District of Cblumbia. New York had thirty-nino lit'e companies ; Coimeeticut. ten ; Illinois, cight ; Wisconsin, eight ; Massachusetts, six ; and' Michigan one. The aggregate number of persons who were iusured in these companies at tho tloso of IS71, was 841,738, and tho total amount of tlio policies was $2,195,545,013, an average of a little over $2,500 for each policy. Tho total receipts were $102,211,011, and the total (.-xpenditures were $61,460,945, including $22,567,419 for policy claims paid, or 60.14 per cent. of the roceipts. In 1870 thero wero oightyiglit eompanies, in which 775,927 pur-, ons were insured to tho exterit of !f'2,H) 1,12,S:}'; in 1869, seventy-six eompanies, whioh had 603,991 policies, tho amount nsured being $1,862,857,964. These figures show the great oxtent to which life insurance is carried in the United States.