Michigan Mutual Life Insurance Co.

-rwwy-fouKt h annual $íAfíLtfr OF DETROIT, MICH., For the Year Ending December 3 1 st, 1891. REVENUE ACCOUNTReecived for Premiums, ....... $ 882,514 26 Received for Interest, ....... 179,689 80 Total Income .... $1,062,204 Ot; Disbursements for Death Claims Dividends, Matured Insurance, Surrender Values and all Expenses, ... $ 654,994 20 Balance to Investment Account, - - $ 407,209 88 ASSET ACCOUNTCash in Bank, ---...... 126,940 14 First Mortgage Lieng on Real Estáte, ..... 2,428,303 80 Real Estáte, ........ 225,406 59 Loans to Policy Holders secured by Reserves, .... 305,835 8g Aeents' Balances ........ 8,537 28 Bills Reeeivable ........ 82,951 67 P. S. Bonds and Stock Collaterals, ...... n,923 75 Interest and Rents accrued, ...... 54,251 61 Interest and Rents dne, - - .... 32,858 82 Outstanding Premiums, secured by Reserve Fund (20 per cent, loading deducted), ..... 205,036 04 Deferred Premiums, secured by Reserve Fund (2j) per cent, loading deducted). ...... i 36,681 45 Total Assets, - - - $3,468,726 98 LlABlLlTIES. Amount of Reserve Fund, American Table (i)4 per cent.) - - - $2,976,778 00 Deposits of Policy-Holders, ...... 420 92 Death Claims, not due, ....... 18,209 20 Surplus, ......... 473,318 80 Total, - $3,468,726 98 Kew Uisks assumed in 1891, ....... 6,927,921 50 Incrcase of Assets, ....... 461,17885 lúcrense of Surplus, ....... 33,761 85 Duriiig the year 1891 this Company loaned to Pollcy-Holders over $70,000.00 upon Endowment Policies asslgnetf to it as security, the Reserve iu each case being iu excess of the Loans made. The total amount pald to Policy-Holders by this Company to date is, - $3,860,256 03 Hon. T. W. PALMER, Pres. O, R. LOOKER, Sec'y. S. R. MUMFORD, Vice-Pres. H. F. FREDE, Ass't Sec'y. G. W. SANDERS, Actuary. W. F. RAYNOLDS, Consulting Actuary. t" ENEKGETIC AND EXPEKIENCED AGENTS WANTED. ADDKESS THE SECKETABY.