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Twenty-fifth Annual Statement Michigan Mutual Life Insurance Co.

Twenty-fifth Annual Statement Michigan Mutual Life Insurance Co. image
Parent Issue
Day
3
Month
March
Year
1893
Copyright
Public Domain
OCR Text

OF DETROIT, MICH. For the Year Ending December 3lst, 1892. REVENUE ACCOUNT. Received for Premiums, ..---.- $1,036,507 76" Received for Interest, ..... 193,002 L7 Total Incomk, - ... $1,229,710 63Disbursements for Death Claims, Dividends, Matured Insurance, Surrender Values, and all Expenses, - - 768,105 85 Balance to Ihvestment Account, $ 461,6jj5 28 ASSET ACCOUNT. Cash in Bank, - - - - - - . $ 156,624 33 First Mortgage Liens on Real Estáte, - - - 2,665,565 92 Tleal Estáte, including Home Office Building, ... 331,966 65Loansto Poliey llolders secured by Reserves, - - - 356,611 65 Agents' Balances, ------- 6,814 10 Bills Reoeivable, ....... 37011 68 Bonds. and ('ollaterala. - - - - - 37,823 75 Interest and Rents accrued, ------ 59,254 47 Interest and Renis due, ------ 34,097 15 Outstanding Premiums, secured by Reserve Fund (20 per cent. loading deducted), - - ... 31S,427 64 Deferred Premiums, secured by Reserve Fund (20 per cent. loading deducted), ------ 41,54407 Total Assets .... $4,047,241 41 LIABILITIES. Amount of Reserve Fund, American Table (4% per cent.) - $3,526,698 67 Deposita of Policy-IIolders, ----- 3,727 61 Death Claims not due, -.-... 19,850 45 Surplus, - - - - - - - 496J984 68 Total, - - - - . $ 4,047,241 41 Nw Rlk amiuiied in 1S92, ..... $8,319,76731 Iin-ree f net, 57851443 Inrreane ol Surplu, ....... 23,615 ss I(iiri"L ilic year IHÜ'J tbis oinpaiiy loanril to lo!loy -Holdem over fiii.iiiiocii iiin Bndnwment Pollcie aNslened to It as ■ecurfty the Iteserve in eacli case belng in exceaa ol Laan made, The total amount paid to Pollor-Holdem lj thi Companj to date I, ----; $4,231,059 90 H. F. FREDE, Sec'y. O. R. LOOKER. Pres't G. W. SANDERS. Actuary. S. R. MUMFORD, 1st VicePres't Gen. W. F. RAYNOLDS, Consulting Actuary. J. W. DUSENBURY 2nd VicelPres't,

Article

Subjects
Ann Arbor Argus
Old News