Morning journal and courier., 1892-02-15
ANNUAL REPORT
Of the Connecticut Mutual Life In.
 surance Company.

Of the Connecticut Mutual Life In-
 surance Company.
 The annual statement and report of the Connecticut Mutual Life Insurance Com pany appear in our columns this morning, and will be found we'll worth reading. As this is one of Hartford's leading institu- tions we reprint from the Hartford Cour- ant the following:
 The Connecticut Mutual Life Insurance company is not only far the largest mon eyed institution in Hartford, but in New England; and its progress and policy from year to year are of public importance, since the business reputation of this city must of necessity bear close relation to the reputation of it's greatest business con- cern.
 The company's forty sixth annual state ment shows gross assets of nearly $60, ,000,- 900, an income of nearly 5000, ,000, a sur plus of over S6,000, ,O00, and membership of nearly 65, 900 policy-holders. During the year the policy-holders have been paid over $5, 500, 900, and yet the assets have increased practically S1,000,000. The cost of conducting the entire business of the company has been less than ten per cent. of it's income-a record of economy in which the Connecticut Mutual has for years stood first. These are the chief and very satis- factory figures of the statement.
 But really more important than the statement is President Greene's report to the policy-holders analyzing the statement. explaining in detail the business and the condition of the company, and, as it hap pens this year, going quite fully into an exposition of the conservative method up on which the Connecticut Mutual is con ducted.
 Years ago the big New York companies opened war on their big rival here, and, since they failed to force the Connecticut Mutual into line, the divergence has been growing yearly more evident. And, as his | company grows year by year in strength and builds up among conservative people 8 growing reputation for soundness and safety, Colonel Greene's return criticisms upon his critics come yearly with heavier I weight. The Connecticut Mutual is not a "racer." It is pursuing safe and con- sistent policy, and it's business, as he says, | 'is peculiarly stable" The "racers" boast, on one side, of the business they are doing. but turn right about and admit that it is | costing them so much that reform is abso- lutely necessary. Colonel Greene describes | their course as burning the cargo to force the speed, and the Connecticut Mutual, as the phrase goes, 'isn't ip it." While the
 "racers are reducing their dividends to policy holders the Connecticut Mutual is l increasing it's dividends.
 It holds to its safe ways, gathers the safest class of policy holders and moves independently along it's own line. The real test of it's management is not how much new business it may add to it's al- ready immense volume, but what is it's l ability to fulfill it's contracts and what do people say of the way it is conducted. AS to the first question, the answer is found in it's S59. .738, ,480 of gross assets and s6,059, 156 of surplus, much of it reckoned | for safety's sake at less than the law re- | quires; and, as to the second question, the | universal criticism is conservative" " That is just what life insurance itself is.