Michigan Mutual Life Insurance Co.

tWWy-fOUW H ANNUAL $TAf0Wr OF DETROIT, MICH., For the Year Ending December 31 st, 1891. revenue accountReceived for Premiums, ....... $ 882,514 M Received for Interest, ------- 179,689 80 Total Income .... $1,062,204 06 Disbursements for Death Claims Dividends, Matured Insurance, Surrender Values and all Expenses, ... $ 654,994 20 Balance to Investment Account, - - $ 407,209 86 ASSET ACCOUNTCash in Bank, .....-.-- 126,940 14 First Mortgage Liens on Real Estáte, ..... 2,428,303 80 Real Estáte, - - - 225,406 59 Loans to Policy Holders secured by Reserves, .... 305,835 8g Agents' Balances _..--..- 8,537 2S Bills Roceivable .-.-.--. 32,951 67 U. S. Bonds and Stock Collnterals, ...... 11,923 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 Deíerred Premiums, secured by Reserve Fund (20 per cent, loading deducted). ....... 36,681 45 Total Assets, - - - $3,468,726 98 LlABlLlTIES. Amount of Reserve Fund, American Table (4J per cent.) - - - $2,976,778 00 Deposits of Policy-Holders, ....... 420 9-2 Death Claims, not due. ....... 18,209 26 Surplus, ...-..-.- 473,318 80 Total, - $3,468,726 98 New Klsks assumed in 18í, ....... 6,927,921 50 Increase of Assets, ....... 461,17885 Increase of Surplus, ....... 33,761 85 Ihiring the year 1891 this Company loaned to Policy-Holders over $70,000.00 upon Endowment Policios assigned to it as security, the Reserve in each case being in excess of the Loans made. The total amount paid to Policy-Holders by this Company to date is, - $3,860,256 03 Hon. T. W. PALMER, Pres. O. R. LOOKER, Sec'yS. R. MUMFORD, Vioe-Pres. H. F. FREDE, Ass't Sec'y. G. W. SANDERS, Actuary. W. F. RAYNOLDS, Consulting Actuary. KtP ENERGETIC AND EXPEEIENCED AGENTS WANTED. ADDEESS THE SECP.ETART.