Our Home Institution

OUR HOME INSTITUTION.

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REFLECTS HIGH CREDIT ON THE PENINSULAR STATE.

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Gratifying Statement of the Michigan Mutual Life Insurance Company.

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Among the many progressive, enterprising and consequently strong institutions in which our State takes a pardonable pride, none is more worthy of special mention than the Michigan Mutual Life Insurance Company, whose principal offices are at Detroit. The annual statement of the Company covering its work for 1898, has just been issued. and every line and figure in it bears out assertions. A few items from the reports will fully illustrate the growth and strong character of this popular association.

Its total income during the year just past was over one million three hundred and eighty thousand dollars, of which upwards of one million dollars were received in premiums on life insurance. It paid death claimes aggregating over two hundred and eighty-six thousand dollars; it paid endowments amounting to over two hundred and sixty thousand dollars; it paid surrender values aggregating over thirty-two thousand dollars, and it distributed to policy holders dividends amounting to over forty-five thousand dollars. the total amount paid to its policy holders by the Company, was over six hundred and twenty-five thousand dollars, and its total disbursements were over one million dollars

The assets of the Michigan Mutual Life Insurance Company are now over five million nine hundred thousand dollars. it has a reserve fund of over five million four hundred and fifty thousand dollars ; and deducting a few small items of death claims not due, unpaid dividents, etc., its gross surplus according to the Michigan standard was over four hundred and twenty thousand dollars.

During the year this Company is sued three thousand three hundred and fifty-five policies, covering life and endowment insurance to the amount of over seven million dollars. At the close of the year it had fifteen thousand eight hundred and two policies in force, representing over twenty-nine million nine hundred thousand dollars insurance. Since its organization it has paid out to policy holders over seven million and six hundred and ninety thousand dollars.

The mere statement of these figures speaks volumes for the stability of this well known organizaiton and testifies in the most unmistakable manner to the enterprise and efficiency of its board of officers. At the head of this board, where he has been kept for many years, is Mr. O. R. Looker. to whom no small portion of the credit for this present magnificent showing is due. Mr. Looker is thoroughly versed in the business of life insurance, and this ability and energy have been potent factors in extending the lines of the association. the other officers and directors of this strong company are known as the most successful professional and business men in Michigan. Its board of managers is admittedly on of the most efficient body of men in any company in the United States