The Providence news. (Providence [R.I.]) 1891-1906, 1892-03-05
ANNUAL STATEMENT

THIRTY-THIRD ANNUAL STATEMENT
OF the Northwestern Mutual Life Insur-
ance Company of Milwaukee, Wis,
For THE YEAR ENDING DECEMBER 81, 1891.
INCOME.
Premiums. s..............'''' ...... sloiiiooi ~
Annuities .............................'. oSoo 10
Interest and rents. 2t2o,1o3 oil
Total income..... ................ si2,5ii,697 II
DISBURSEMENTS. - -
Death claims SESSSoSo 10
Matured endowmenis lapsed and sur
rendered policies. $4,000 is
AnnuitIes ................. .... Sc 40
Dividends 10 policy-holders......... 1,02s.3e0 "a
Total payment, to policy holders si.161,0i3 40
Expenses taxes etc.................. 2,23i.231 so
Premiums on bonds bought........... 1i,0l IL
Profit and loss oss......................... 81 40
Total disbursements. ......... go. S6,i09.367 So
ASSETS.
Loans on bond and mortgage........ sio,ns,o57 Al
Premium notes. 546,3l9 ~
Real estate. I,osoSSO Oi
United States bonds, market value. 12o,sS5 90
State and municipal bonds, market
value. 3,s3s7p2 III
Other assets...................... 3.5G6s7l OF
Total assets. sis,s20755 45
LIABILITIES.
Reserve required by laws OF states
(actuaries per cent. t)............ $40 iSS 3Si 90
Other liabilities ACKNOWLEDGEMENTS. 4465s3 90
Total liabilities. siO.93i96l 90
Surplus on per cent. basis......... 7,S9l,79o 80
Approved: A. c. LANDERS,
Insurance Commissioner.
Number Of policies in force January
1, 1892. 113,52S
Insurance In force January l, 1892. s215 ,6,1o3 90
The above shows an increase in
Number OF policies. 15,oO3
Insurance written. SG153,S63 90
Insurance in force. 36765,Vi6 90
o''2,S2 ~
Surplus l3o9,lOo %
Premium receipts. llSS,So2 6i
Total income.............,.. ........ li2o,ilv y"
Interest @JO,2Jo 90
Payments to policy holders. ...,....... 237,sO7 90
The Northwestern is, and always has been, an ad-
vocate of REFORM first OF all within itself II needed
then wherever and whenever needed. IL has from
the beginning aimed To 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 lower than In
any other regular Company, and lower stll 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 LOG; during the past fifteen years, .03
during the past ten years, O.97 during the PAST
Eve years. o.95 during the past year. O.So and
lower during each period than that Of any other
leading Company. The average Of all Companies
repor ting TO tho Massachusetts Department for 1890
was 81
The supremacy Of the Northwcstern's rate Of in
terest continues. being clio the assets at the
beginning of the year. In 1890 the amount added
20 its surplus exceeded that of any other Company
while IN 1891 its inc 90 per cent larger
even than In 1890. Its policy-hoiders are quite
willing to waive the distinction OF belonging TO the
largest Company in the world, or the Company do
ing the largest business In the world, they have
expcrimentaly learned that such results IA the fore
going mean not only increased aud increasing solid
ity and strength. but annual and substantial benc-
fits 10 them not equallcd by any other Company in
the world. W.P GANNETT. General Agent,
0i Westminster street, Providence, X. l.