Michigan Mutual Life Insurance Co.

fWOTy-fOUWH AWUAL $f AWW OF DETROIT, MICH., For the Year Ending December 31 st, 1891. revenue accountReceived for Premiums, ....... $ ?82,514 26 Received for Interest, - . - - - - - - 19,689 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 ACCOUNT Cash in Bank, .-.------ 126,940 14 First Mortgage Liens on Real Estáte, ..... 2,428,303 80 Real Estáte, ........ 225,406 59 Loans to Policy Holdors seeured by Reserves, .... 305,83o 88 Agents' Balances ........ 8437 28 Bills Receivable ........ 32,951 67 U. S. Bonds and Stock Colín terals, ...... 11,923 76 Interest and Rents accrued, ...... 54,251 61 Interest and Rents dne, - - .... 32,858 82 Outstandine Premiums, seeured by Reserve Fund (20 per cent, loading deducted), ..... 205,036 0 Deferred 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 (4 per cent.) - - - $2,976,778 00 Deposits of Policy-Holders, ...... 420 92 Death Claims, not due. ....... 18,209 26 Surplus, ......... 473,318 80 TOTAL, ----- $3,468,726 98 New Bisks assumed in 1801, ....... 6,927,921 60 Increase of Assets, ....... 181,17385 Increase of Surplus, ....... 83,761 8ft Durlng thc year 1891 this Company loaned to Policy-Holders oier $70,000.00 upon Endowment Folíeles assigned to it as security, the Beserre in each case being in excess of the Loans made. Thc total amount paid to Policy-Holders by this Company to date is, - $3,860,256 08 Hon. T. W. PALMER, Pres. O, R. LOOKER, Sec'y, S. R. MUMFORD, Vice-Pres. H, F. FREDE, Ass't Sec'y. C. W. SANDERS, Actuary. W. F. RAYNOLDS, Consulting Actuary. KtF ENEKGETIC AND EIPEEIENCED AGENTS WANTED. ADDRESS THE SECRETAEY.