Michigan Mutual Life Insurance Company

Twenty-Second Annual Statement for the yeir ending December 31, 1889. REVENUE ACCOUNT. Recelved for premiums S C83.7S7 öl Keceived ior Interest, 113,741 GS Total tncome $ 817.5Í2 22 0ISBUR3EMEIÏTS. For death claims, divide mis, matared lnsurancu and surreuder values S 278,3-16 20 For expenses, taxas and all otlter llums 234,973 UU Total S 513,319 50 A38BT ACCOUNT. First mortgage Hem oa real eitate i-017.401 C:i Real estáte 137.7M 26 Cashlnbank 31,475 &5 Loans to pollcy holders secured by reserves 180,527 31 Agents' balance 4,037 38 Bills recelvable 20,010 14 U. S. bonds and stock collaterals 11,848 75 ïnterests and rents accrued 40,080 05 Interests and rents due 32,680 91) Out standing premiums, secured by reserve fund (20 percent, loadlugdeducted).. 109,297 00 Deferred premiums secured by reserve fund (20 per ceut. loadiug deaucted) 23,213 20 Total assets 82,613,313 47 LIABIUTIE3. Amount of reserve fund, American table (14 per cent.) ÍB,1SJ,326 CO Deposita of pollcy-holders 3Í7 2 Doatn claims, not due 30.070 18 Surplus 297,980 06 Total Í2,fil3,313 47 New rlsks assumed In 18S9 l,B09,575 00 Increaseof assets on Insurance departmeut basis.... 321,031 71 Increase of surplus on Insurance departmeut basis 51,97'J 67 During the year 18S9 ttils company loaned to pollcy-holders over f 10,000 upon endowmcnt po Heles asslgued tolt as securlty. The res3rve lu cacli case being iu excess of the loan made. Iu the slx years last past, the ompatiy more than doubled lts assets and Insurance la forces. The total amount pald ti pollcy-liold-rs by thls company to date Is $3,210,791.17. Jacoü 8. l'AKKANU.l'resident. W. A. BiTLKK, Vice-Presldent. O. R. Lookeu, Secretary. II. V. Kkkdk, Assistant Secretary. Ons. '. V. Raynoi.ds, Aclunry. Rellable and energetlc moa to act as ajeilts wanted. Kor a'ucles, premium rates , plans, etc.,addre8S the compauy. B. J. CONRAD, Agent, - - Ann Arbor.