Michigan Mutual Life Insurance Co.

TWWy-fOUKTH ANNUAL SíAOTNí OF DETROIT, MICH., For the Year Ending December 31 st, 1891, REVENUE ACCOUNTReceived fov Premiums, .-.----$ 882,514 2(5 Received for Interest, .....-- 179,689 80 TOTAL Iscome - - - - ■ $1,062,204 00 Disbursements for Death Claim3 Dividends, Matured In3urance, 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 8tí Agents' Balances ........ 8,537 23 liills Receivable .....--- 32,951 67 U. S. Bonds and Stock Collaterals, ...... n,923 75 Interest and Kents accrued, ...... 54,251 61 Interest and Reuts dne, - - .... 32,858 82 Outstunding Premiums, secured by Reserve Fund (20 per cent, loading deducted), ..... 205,036 0-1 Deferred Premiums, secured by Reserve Fund (20 per cent, loading deducted). ....... 36,681 45 Total Assets, - - - $3,468,720 08 LlABlLlTIES. Amount of Reserve Fund, American Table (4% per cent.) - - - $2,976,778 00 Deposits of Policy-Holders, - - - - - - 420 92 Death Claims, uot due, - - - ■ - - - 18,209 26 Surplus, ......... 473,318 80 Total, ----- $3,468,726 9S New Iiisks MBmnd in 1891, ....... 6,927,921 50 Increase of Assets, ....... 461, 1J8 85 Increase of Surplus, ....... 3!!,701 85 During tlie year 1891 this Company Ioaned to Policy-Holders OTcr $70,000.00 upon Endownicnt Policies ussiuNicd to it as security, the Iïcscrvo n cach case being in cxccss of the Loans mailc. Tlio total amount paid to Policy-Holders by this Company to date is, ■ $t,S60,256 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. Btf BNEEGETIC AKD EXPERIENCÏD AGEST3 WAXTED. ADDKES3 THE SECKETAKT.