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28th Annual Statement

28th Annual Statement image
Parent Issue
Day
7
Month
February
Year
1896
Copyright
Public Domain
OCR Text

OF THE mil MUTUAL LIFE I11I CO. OF DETBOIT, JVEICïaC. For the Year ending December 31st, 1895. REVENUE ACCOUNT. Receivedfor Premiums $1,030,518 2S Receivedfor Interest au 3 Rents 250.231 lï Total Income 1,280,749 3S Disburseraeuls for Deatb Claims, Dividends, Matured Insurance, Surrender Values, and all Expenses 905,161 18 Balance to Investment Account $ 375,588 2Í ASSETS, Casn in Bank ; J 79,784 24 First Mortgrag-e Liem on Heal Estáte 3,850,127 21 Real Estáte, including Home Office Building-..., 416,351 68 Loans to Poliey Holders secured by Reserves 411,389 60 Agents' Balances 3,928 57 Bills Lteeeiv-able 45,975 89 Bonds - - --- 20,823 75 Interest. Due and Accrued 121,110 76 Uenta due and accrued 2.454 81 Net Outstanrling Premium3, secured by Reserve Fund _ 64,392 60 Net Deferred Premiums, secured by Kesorve Fund 28,606 63 Total Assets $5,044,981 65 LIABIL1TIES. imountoi Reserve Fund, American Table (4 percent) $4,673,067 10 Deposita of l'olicy Kolders 3,413 98 Premiums Paid in Advance , 1,603 2 Unpaid Dividend 1,604 67 Death Claims notdue... l(i,90 88 Surplus on 4 per cent Table, New Standard, voluntarily adopted by the 348,602 83 Total Liabilities: $5,O44,9S1 65 Surplus on iYz per cent Standard as per Michigan Law _.. $567,793 09 POLICY ACCOUNT. Policies'Issued during the year 2 650 Amonnt Insured thereb.v $5,840,904 4 Policies ia force December Sist, 1895 15,06'J A inount insured theretiy, including additions $2,782.683 2Í S Total amount paid Policy-Holders since organization $5,816.!2'. 84 O. R. LOOKER, President. JAMES H. CDMMINi5, Secretary. C. A. KENT, lst Vice-President. G. W. SANDERS, Aetuary. HOYT POST, üaá Viee President C. A. DEVBNDORF. M. D., Mod. Director. B. J. CONKAD, Ajieut, Ann Arbor, Micli.

Article

Subjects
Ann Arbor Argus
Old News