Press enter after choosing selection

Michigan Mutual Life Insurance Company

Michigan Mutual Life Insurance Company image
Parent Issue
Public Domain
OCR Text

Twenty-Second Annual Statement for the year ending December 31, 1889. REVEHUE ACCOUNT. Recei ved for premiums S 888,787 ,l Keceived ior interest 183,744 63 Total lncorae I S17.532 L DISBURSEMENTS. For dcath claims, dlvtdends, matured Insurance and surrender values S 278,340 20 For expenses, taxs and all other Items 231,1173 30 ToUl $ 513,319 50 ASSET ACCOUNT. First mortgage Hens on real estáte $2,017,401 (S8 Real estáte 137,794 28 Cash in bank 81,475 Si Loting to policy holders secured by reserves 180,527 31 Agenta' balances 4,0:7 88 Bills recelvable 30,019 14 U. S. bonds and stock col latera Is 11,84$ 75 Interests and rents accrued 40,080 05 Interest and rents due 83,010 90 Oulstanding premiums, secured by reserve fnud (20 per cent. loarilug deducted).. 109,297 00 Deferred premiums secured by reserve fund (20 per cent. loadiny doducted) 2S.213 20 Total assets $2,613.313 47 UABILITISS. Amount of reserve fuiul, American table (i% per cent.) S2,1S4,326 00 Depouitsof poliey-holders 337 28 Death claims, not due 30.670 13 Surplus 3!I7,UUO 06 Total ♦.... i2,613,S13 47 New risks assumed In 1889 $4,009,575 00 Increaseof assebion Insurance dupartment basis 324,051 71 lúcrense of surplus ou Insurance department basis 51,979 67 During the year 18S9 this company loaned to pnllcy-holdere over $40,000 upon endowmeut pollclesassigaed to lt as security. THe reserve in eaob cuso being iu excess of tbe loan made. In the six years last past, the company more tuan doubled lts assets and Insurance In torces. The total amouut paid to poIlcy-holdiTs by thls company to date is $3,210,791.17. Jacoii 8. 1'akkam), I'resident. W. A. liiri.KK, Vlic-Presldent. O. 11. I.uokkk, Secretary. 11. K. Pbkdx, AsKlstant Secretary. Oen. V. F. Haïxoi.ds, Actuary, Rellable and energetic men to act as ageuts wanted. For ancles, premium rates plans, etc, address the coiupsiuy. B. J. C0NRAD, Agent, - - Ann Arbor.


Old News
Ann Arbor Courier