The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1893-02-01
*Exclusiye of additions.
COMPARATIVE INCREASE OF NEW BUsI
NESS.
S13,s97.99s.
Increase
yFw BUsINEss-sTATE OF MAINE.

NFW BUSINESS-STATE OF MAINE.
The Company being chartered by and
having it's Home Office in the State of
Maine, it is interesting to note from time
to time the measure of support accorded
to it by the Citizens of it's Home State.
1t is with pleasure, therefore, that we
are able to announce that for the FOURTH
consecutive year, an increase has been
made in the New Business written in
Maine, with the result that today the
Company has practically double the
Amount of Business in force in the State
than it had four years ago.
GAINS IN MEMBERSHIP.
The gain in membership during 1892
was the largest for many years; the in
crease in the number of Policy holders
for the past two years, compared with
the preceding two, being as follows:-
Increase in
Years Policy-Holders.
1891 and 1892. 1888
NEW PREMIUMS SETTLED.
Last years Report contained the fol-
lowing:
1.-THE amount of New Premiums set
tied during 1891 through Agencies was
the largest of any year since the Princi-
pal Office of the Company has been To-
Gated in Maine.'
To which we are now pleased to add
that the New Premiums settled during
1892 exceeded those of 1891 by Twenty
five per cent.
COST OF NEW BUSINESS.
Last years Report also contained the
following
1.-THE Directors of the Union Mutual
point with satisfaction to the fact that
during the past year they effected very
large saving in the cost of procuring
new business"
We are pleased to be able to add there
to, the statement that still further saw
ing has been effected during 1892
CONSERVATIVE GROWTH.
The steady and conservative growth of
the Company in the number of Policies,
Insurance in Force, Premiums and Total
Income, is best expressed by the follow
ing tables:
YEAR. POLICIES. INSURANCE.
1884 1882 S24, 282, 745. 90
1886 14,11I 26,1s5, 946.40
1888 14.728 26.395, 6OO.46
1882 1876 33,293, 4s4. So
Thus it will be seen that the Increase
in the Insurance in Force has been as
UNDER
YEARS. INCREASE.
Dec .90....... ], 1923. 153.08
g :" Dec. '92........ s, O74, 731. 3S
PREMIUMS AND TOTAL INCOME.
PREMIUMS. TOTAL INCOME
1888. .........$ 713.63 S $50 ,27l.4s
1890 .......... 1856 75O.IS 1O96.353. 81
1892........... 899,o16.95 1856, 10
COMPARATIVE STATEMENT OF POLICIES,
INSURANCE AND PREMIUMS.
The policy of the Directors continues
as in the past, to aim for steady, care
full and safe growth of business, and the
following record. showing increase of
3,7O5 Policies, IS, 107, 1852 Insurance,
and 1920, 553. 70 Premium Income during
the past six years, is the best evidence
that can be offered of the result of this
policy.
POLICIES. INSURANCE PREMIUMS
Dec. ,Ss, 14,728 $685. 500. 4e S713. e3e. 80
Dec, 'se 14111 $685. 46.4O 67S,463.17
Increase, e17 s1,aoe,e54.oe $50, 17e.7s
1sso-1sse.
POLICIES. INSURANCE., PREMIUMS.
Dec. 80, 1928 s2s, 2Is, 1884 s7se, 75o.1s
Increase, LIP $s,os2. SOFIA s1os, 2s7.o OF
1s92-18se.
POLICIES. INSURANCE. PREMIUMS
Dec, 1872, 1876 $50, 293, 484.92 $685., o16.95
Increase, s.7o5 ss.1o7, 5ss. 50 1920, 55s.7s
INCREASE FOR THE YEAR.
The actual increase in Policies and In