The Providence news. (Providence [R.I.]) 1891-1906, 1892-03-12
THIRrY-THIRD ANNUAL STATEMENT

HA~E>tst1 SA@h s@-sts~'a
OF the Northwestern Mutual Life Insur-
ance Company of Milwaukee, Wis,
For THE YEAR ENDING DECEMBER 81, 1891.
INCOME.
Premiums ms....------....-.. --...- Siolll,oo1 az
Annuites. o,3i6 As
Interest and rents. 2f26753 6l
Total income..... ................ $l2,5i4,697 IL
DISBURSEMENTS. -
Death claims S,IobhSb 10
Matured endowments. lapsed and sur
rendered policies $4,000 As
Annuities ......... ...........-...... CO 40
Dividends to policy-holders......... 1,o2s.Seo "a
Total payments to policy holders A,l6I, ,Oi3 40
Expenses, taxes setc................. 1924 2Si 90
Premiums on bonds bought...-...-... 14,oil IL
Profit and loss. ACKNOWLEDGEMENTS. 81 10
Total disbursements ..-..... .--. $640o,367 56
ASSETS.
Loans on bond and mortgage. e....-... sio,71So57 Al
Premium notes ..--.-..-..-...... .--.-. 54G31e Ss
Real estate. 1,026sS0 Of
United States bonds, market value--- 120S 90
State and municipal bonds, market
value. 2Sis79s III
Other assets. 3.566s1 Oi
Total assets. ets........,........----. siS,sZo,755 40
LIABILITIES.
Reserve required by laws OF states
(actuaries per cent).............. $40 1881 90
other liabilities. ...........- .,-.... 4405s3 30
Total liabilities. st0.93i 1854 90
Surplus on per cent. basis........ 1891, 100 so
Approved A. C. LANDERS,
Insurance Commissioner.
Number OF policies in force January
1, 1892 113,52S
Insurance in force January l. 1897. s275 67f 753 90
The above shows an increase in
Number Of policies. ...-. .----.......... 1908
Insurance written. s6,153S63 90
Insurance In force 36,7659i6 90
Assets. dis2Si2 i9
Surplus ..................--.... 1.35ei65 81
Premium receipts. ............----... 1,lSs,S32 SO
Total income. 1425il9 90
Interest. 2D25O 80
Payments to policy-holders .........-. 237,907 &C
The Northwestern is. and always has been. ad-
vocate OF REFORM first Of all within itself IL needed;
then wherever and whenever needed. IL has from
the beginning aimed 10 conduct its Affairs in all de-
partments with rigid adherence TO sound, honest
principles, economy the character and quality OF
business obtained, and expense OF securing the
same The Ratio OF Expenses and Taxes TO New
Business during 1889 and 1890 was lower than in
other regular Company, and lower still in 1891.
Its standard of membership has always been high (;
higher indeed In 1891 with new business OF nearly
seventy millions than ten years before with only
fifteen millions.
The average death rate during the past twenty
years 1.O6 during the past fifteen years. 1o3 /;
during the past ten years 0.97; during the past
five years, 0.95; during the past year. 0s0 and
lower during each period than that of any other
leading Company. The average Of all Companies
repor ting the Massachusetts Department 1890
was .3t.
The supremacy of the Northwesterns IS rate OF In
terest continues, being CLIO on the assets at the
beginning of the year. In 100 the amount added
10 it, surplus exceeded that OF any other Company
while in 1891 It's inc 52 per cent. larger
than in 1890. Its polcy-holders are quite
willing TO waive the distinction OF belonging TO the
largest Company in the world, on the Company do
ing the largest business In the world. they have
experimentay learned that such results the fore
going mean not only increased aud increasing solid
ity and strength, but annual and substantial bene-
fits TO them not equaled by any other Company in
the world w.P. GANNETT. General Agent,
0l Westminster street. Providence, X. l.