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Michigan Mutual Life Insurance Company

Michigan Mutual Life Insurance Company image
Parent Issue
Day
23
Month
April
Year
1890
Copyright
Public Domain
OCR Text

Twenty-Second Annual Statement for the year ending December 31, 1889. REVENUE ACCOUNT. Tteeelved for premiums S 6S3.787 54 Recelved for interest i:3,744 8 Total lncome , i 817,.ï!2 22 DI5BURSEMENTS. For death claims, ilivldends, matured Insurance and surrender values S 278,340 20 For expenses, taxes and all other Items 234,973 3ü Total S 5i:!,319 50 ASSET ACCOUMT. First mortgage Hens on real eítate $2,017,401 63 Keal eatate 137,792 26 Cash in bank 81,475 85 I.oans topollcy holders secured by reserves 180,527 31 Aeents' balances 4,037 88 Bills receivable 30,019 J4 U.S. boncls and stock collaterals 11.84S 7: 1 n terests and ren ts accrued 40,080 05 Interests and rents due S2,20 90 Outstandlng premiums, aeeured by reserve fund (20 per cent. loadlngdeducted).. 109,297 00 Deferred premiums secured by reserve fand 20 per cent. loadlug deducted) 28,213 20 Total assets 89,613,313 47 LIABIUTIE3. Araount of reserve fund, American table (% percent.) .82,184,326 CO Deposlts of pollcy-holdors 887 2S Death claims, not due 30.870 18 Surplus 3M7.9W) (Ki Total L2,613,813 47 Newrisks assumed In 18SU 4.609.573 00 Increaseof assets on Insurance department basis 824,051 Tl lacrease of surplus ou Insurance department basis 51,979 57 Durlng the year 1K3U tuis company louneil ti pollcy-bolders over U0.OU0 upon emlowment po líeles assigued tol tas securlty. The reserve in each case being in exces of the loan made. In tlie sis years last past, the company more than doubled lts assets and Insurance In forces. The total amount pald to pnllcy-)ioUlrx by thls oompany to date Is $3.210,791.17. JAOOB S. 1'ahka.vd, l'resident. W. A. Hrn.F.R, Vlce-lJresident. i. 11. LooXEBi Sf'cretary. II. I'. l'itKiii . AssistantSecretary. QKN. V. 1'. Haynoi.ds, Actuary. Rellable and energetic men to act as agpnts wuuted. Kor agencies, premiuia rates plans, etc, address the compauy. B. J. C0NRAD, Agent, - - Ann Arbor.

Article

Subjects
Old News
Ann Arbor Courier