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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. REV&nUE ACCOUNT. Recelved for premiums $ 683 787 54 Kecelved tor interest 1:3Í7M M Total liicome $ 817,532 22 DISBURSEMENT9. For dealh claims, dl vidends, matared Insurance and surrender values $ 278,346 20 For expenses, taxws and all other Items ÜJ4.973 30 Total $ 513,319 50 A3SET ACCOUNT. First mortgage Hens oa re:il estáte $2,017,401 63 Real e&tute 137,794 26 Cash in baulc 81,476 86 Loans topolicy holders secured by reserves 180,527 81 Agen ts' balances 4,037 88 Hllls recelvable 20,019 14 U. S. bonds and stock collaterals 11,848 75 Interests and rentsaccrued 40,080 05 Interest and rent8 due 82,020 90 Outstanding premi mus, secured by reserve rand [30 per cent. loadingdeducted).. 109,297 00 Deferred premiums leooiad by reserve fuud (20 per cent. lo:iding dedaoled) 28,213 20 TotiU assets $2,613,318 47 UABZUTIBS. Amount of reserve (tand, American table(l!4 percent.) 52,181,326 00 Deposits of pollcy-ho klers 357 28 Dealu claims, not due 30 670 13 Surplus 807,900 06 Total $2,613,313 47 New rinks assuraed In 188 4,009,675 00 Increaseof ansets on Insurance departtnent basis KI, 051 71 Increaxe of surplus on Innaraooe departmeut baiti 51,979 57 Uurlng the year 1889 tbls compauy loimed U) pollcy-holders over f 10,000 upon endowment policlesasslgued loltussecurity. The res-jrvu in acu cuse belng in excess of the loan made. Id the slx years lust past, the eorapany more than doubled lts assets and Insurance lu forces. The total amount paid to pollcy-hold"rs by tliis company to date is $3.210,791.17. Jacobs. Karkand, President. W. A. Butler, Vice-Presideut. O. R. IOoker, Seeretary. H. F. 1'kkdk, Assistant Seeretary. Gen. W. I'. Raïxolds, Actuary, Rellableand energetlc men to act as agents wanted. For agencies, premium rates plans, etc, address the company. B. J. C0NRAD, Agent, - - Ann Arbor.


Old News
Ann Arbor Courier