The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1891-01-29
NEW ADvERTIsEmENTs.

ADVERTISEmENTS
Union Mutual Life |
INSURANCE COMPANY.
REPORT OF THE DIRECTORS
10 Policy holders, at the annual
Meeting, January, ~, 1891.
summary Of the business of the UNION
MUTUAL LIFE INSURANCE COMPANY for
'no year 1870, as compared with previous
years, VIII be found in the following
exhibits
BUSINESS PROGRESS.
r. Inc steady and conservative growth of the
COMPANY In the number Of Policies and
AN OF insurance In Force, together with
rIe Increase Of Premium Receipts, is best ex-
POLICIES. INSURANCE RECEIPTS.
1s sssSS....1ls,seI s246e7. 4s7.e7 ss7o.e767s
1sss::i447s ss7ss,sss 4S ssssssss
1888. ...l4,72s 1885,, 60O.4s 71s,es9.eo
ss$ s sss1ssSssa 7sss7sofs
Inc gains in these Departments of the
Gompany.s business, as exhibited by. the
rabies below, are worthy Of notice. show
Ing as tney do an increased volume OF busi-
ness upon careful basis.
STATEMENT OF POLICIES AND INSURANCE IN
FORCE.
December q, 1894 POLICIES. COX Ns sE ass
''"'s' q 1855 1855, 1881 1881 ",
Increase of 1886 overiss5, 100 SOL .5os.7s
December 81 1885, 1885, i ltts
Increase of 1887 over 1885, se7 soOs, 24a.oe
December q 1892 1 14as 'ss
Increase of 1888 over 1887, $50 seOl.4os.a7
December q 1852 1852 ia s5s
Increase Of 1889. over 1888, Jas sos oo5.ls
g 1885, 1873 '27,2O4, eo5.59
Increase of 1890, over 1889, $50 s1,oi4i47.e5
Or, summarizing the above, the growth
during the years covered by the exhibit,
1885-90 has been as follows:
December 81, 1890 .as s,s ahs X
1856, 1851 1850, 4ss.e7
Increase Of 1890 over 1885, I,272 s3,e51 1857
PREMIUM RECEIPTS.
The comparative statement of the pre-
MUM receipts for the years 1886 and 1890
appended below, shows the handsome in
crease Of more than S100, 100000 In that
period. The increase In Premium Receipts
ass me psss mas oy lar
five years; and the amount of new premiums
settled during 1890 through agencies, has
been the largest OF any year since the Head
Office Of the Company has been located in
Maine.
For the year ending Dec. 81. 1920. .aso1s
Increase for 1890 over 1886. .$1I6.O7442
INCOME.
The following comparative exhibit of the
Total Income for the years 1888, 1889 and
1890 present very satisfactory results of the
Company's business In these departments;
Premiums. Interestand Other Total.
1888 71ssssso s242,ees.es ssss2.s5 8 se5,2714s
1880 ass,75oiS 2Ss9Si63 2ei5isS ,Sss sSs,S9
INCOME AND DISBURSEMENTS.
The gross Income of the Company
AhOm all oouICoo LUZ tno year 1o5O
While the gross expenditure for
Death Claims, End0wments, Div
idends Reinsurance, Surrender
values Taxes, Expenses, and all
other items was............. ISL ,049, Al
Excess of Income over Expenditure, s46;39O.2e
INTEREST AND RENTS.
The gratifying growth from these sources
can be seen by the following:
Dec. 81, 1880. ..$269,8 04.26
Dec. 81, 1885,. ............. 42.665.63
Increase. sl7. 1850
Dec 81. 1890. ..s2ss ,451 GA
Dec. 81, lSsS.................. 259,So4.25
Increase ...............s2 3, e47.s9
INCREASED ASSETS.
The increase Of assets during the year has
been as follows:
Dec 81, 1890. ...........".$e,2oe,
Dec 81, 1So9................ 6,l58.616 IL
Increase ,4o2.72
COMPARATIVE GROWTH OF ASSETS AND
INTEREST AND RENT RECEIPTS,
Thus, while the Assets In the years 1889 80
have increased S17331S A, the growth in the
Receipts during the same period from Inter-
est and Rents has been SAC, 783.01.
INCREASED SURPLUS.
One of the mostIsatisfactory results Of the
year has been the extent to which the Com
pany's Surplus increased:
Dec. 81, $780,. .....S332 466.61
Dec. 81, 1885,. 317,l28.42
Increase $3.50
PAYMENTS TO POLIcY-HoLDERs.
The payments to Policy-holders for the
year were as follows:
M Mi.n11s.I EndOwments, ......... lss'sss54
Sur rendered Policies. 67,92337
Dlvld mas. ..............'.......... 25,S93 81
Annulties... OBSERVATION-DISCLOSURES. 392.15
.s72s, eOO22
Exclusive of amount received for reinsurance.
The Company during the past fourteen
years mas PAID T., more to Its policy holders In
the world for Death-C Claims. Matured En-
dowments, Annuities, Surrended Policies
and Dividends, which payments now ag-
gregate SlS, 756 ZIG 30. while the total amount
ization has been $25,045. 05l.61.
OVERDUE INTEREST.
At the close of the years 1876 and 1890 the
amounts of past due interest were as follows:
PREM. NOTES. MORTGAGES. TOTAL.
1S76......sSs 637.91 1881 .52O.57 S39o.i5s.4s
lS90....... 2.62S.12 $4,000 4,oSs.12
Decrease. se,o14.79 s3so,OsO.57 $3.50. o95. SO
rPremium-note overdue interest for 1876 es-
timated.
This continued Improvement In the
material strengthen the finances of the Com.
pany must of itself be satisfactory to policy
holders. 1t will be noted by reference to the
Schedule of Assets annexed hereto that the
Company has 81, 1916. 754 &c invested In mort
cages and only $1,440 overdue interest on
same.
ASSETS, LIABILITIES, SURPLUS.
The Assets, as per Schedule appended are
S. ,018.84 The Company owes S1O6. 375 90.
which includes claims of every description:
while the value OF its policy obligations,
computed In accordance with the highest
standard known to the law, is $5.767,177