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Twenty-fifth Annual Statement

Twenty-fifth Annual Statement image
Parent Issue
Day
17
Month
February
Year
1893
Copyright
Public Domain
OCR Text

Man mutual Life Insurance co. OF DETROIT. íVIICH. For the Year Ending December 3!st, 1892. REVENUE ACCOUNT. Received for Premiums, ------ $1,036,507 70 Received for Jntei est. - 193,202 87 Total Income, - $1,229,710 U3 Disbursements for Death Claim?, Dividends, Matured Iusurauce, Surrender Values, and all Expenses, - - 708,100 35 Balance to Investment Account, $ 461.6')5 28 ASSET ACCOUNT. Cash in Dank, - - - - - - . $ 156,024 33 First Mortgage Liens oti líeal Estáte, - - - 2.605,565 92 Real Estáte, inclmliog Iíome Office Building, - . . 331,9fS6 65 Loansto Policy Holders securud hy Inerves, - - - 356, (i 11 65 Agents' Balances, ------- o,814 10 Bills Rereivable, ------- 37,011 68 Bonds, and Collaterals, ------ 37,823 75 Interest and Ke:.t accrued, ------ 59,254 47 Inlerest íind R 11 s 1 r.e. - - ... 34,99715 OutstandinïT Premiums, secured by Reserve Fund (20 per cent. loadiug dedncted), - - - - - 318,427 64 Deferred Premiums, secured b}r Reserve Fund (20 per cent. loading deducted), ----- 41,54407 Totu. Assets .... $4,047,241 41 LIABILITIES. Amount of Reerve Fund, American Table (i% per cent.) - $3,526,098 67 Deposits of Policy Holders, ----- 3,727 61 Death Claims uot due, -...-- 19,850 45 Surplus, --.-.-. 496,964 68 Total. - - $4,047,241 41 !w Risk iwumed in 1892, ..... $ 8,:{I9,767 21 Increfine oí NPtH, -...--.- 57K,5I4 43 Iiii-reaMC of Surplus, ....... 33,64588 Ilnrlrtcr tlie year 1 s2 tbl oiiipniiy lomipfl to I'olicy-Hiililcr over $50,000 00 upan Kiiilimniniil PoliricH asftimied to It ax eourlty, tbe Keserve in eacb caae beiug iu excens of the Loan made. Xbe total amonnt paid to Policy-Holder by tilia Company to date i, --------- $1,231,059 90 H. F. FREDE, Sec'y. 0. R. LOOKER. Pres't. G. W. SANDERS, Actuary. S. R. MUMFORD.'lst V.ce-Pres't Gen. W. F. RAYNOLDS, Consulting Actuary. J. W. DUSENBURY, 2nd Vice-Pres't

Article

Subjects
Ann Arbor Argus
Old News