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Michigan Mutual Life Insurance Co.

Michigan Mutual Life Insurance Co. image
Parent Issue
Day
23
Month
April
Year
1895
Copyright
Public Domain
OCR Text

TWENTY-SEVENTH ANNUAL STATEMENT O]P DETBOIT, MICEL. For the Year Ending December 3ist, 1894. REVENUE ACCOUNT, Recelved for Premiums $l,106,5f8 08 Kcceived for Interest and Hents 235.092 19 Total Income _ , W,342,280 27 D:.sburseiaents for Death Claims, Dividends, Matured Insurance, Surrender Valuee, and all Expenses 58,546 04 Balance tolnvestment Account $ 385,734 23 ASSET ACCOUNT. Cash in Bank $ 181,787 08 Ftrst Mortg-age LienB on Real Estáte... 3,326,311 76 RealEstate, including Home Office Building 430,377 90 Loans to Policy Holders secured by Reserves 421,318 65 Agents' Balances 8,811 24 Bills Recelvable 48,332 27 Bonds and Collaterals 1 40,823 75 Interest and Rents Accrued _ _ 71,061 85 Interest and Eents due 44,019 10 Outstanding Premiums, secured by Reserve Fund ' 347,724 30 Deferred Premiums, secured by Heserve Fund... 42,409 38 Total Assets $4,UB3,ÜU7 28 LIABIL1TIES. Amountof Reserve Fund, American Table (4VS percent) Ï4,3S8,727 B Depositsof Policy Holders 3,300 00 Death Claims notdue .. 17,ttëO 59 Surplus 653,20!) 13 Total $l,%3,007 28 New Risks Assumed In 189+ $6.254.713 05 Increase of Assets 4OO.374 94 Increase of Surplus 32,221 75 The Total Amount pald to Pollcy-Ho!ders by this Company to Date Is 6,264,936 55 O. R. LOOKER, President. JAMES H. CUMMIN3, 8ecretary. C, A. KENT, Ist Vlce-President. G. WSANDERS, Actuary. ROYT POST, 8nd President. C. A. DEVKNDORF, M. D., Med. Director.

Article

Subjects
Ann Arbor Argus
Old News