The times. (Owosso, Mich.) 1882-1897, 1895-08-23
OFFICE OF
Michigan Mutual Ll16 Insurance. Go
DETROIT, MICH.
IT,, Whom it may Concern

II Whom it may Concern:
On January co. 1896 Mr. R. LOCKER President and General
Manager of the Michigan Mutual Life Insurance Company
Detroit requested permission from Board OF Directors invite
the Commissioner of Michigan to make an official
and thorough examination of the business
cial condition of the Company
Since which time the Hon. Theron F. Giddings Commits
soner of Insurance of Michigan assisted by Hon. John
of expert Actuay of the Insurance Department of
bof Illinois, Others busiy engaged
F1nation
Every piece property by the Company upon which
the Company holds mortgage together with all other securities
have been thoroughly investigated
All books and papers pertaining every part of the business
of the Company have also carefully examined
pleasure in submitting the following report:
Michigan Mutual Life Insurance Co,
Dr'A'T LANSING G. a 1EsssA sss.'1eA 1896
.. r. LOCKER President Michigan Mutual Life Co,
Detroit Mich:
SIRIn accordance with your request herewith transmit to
you statement of the condition your company and
csions that have resulting from the examination lately
concluded by this department.
For the satisfaction of this department and for the benefit of
particular and for purpose procured the assistance of Mr.
j. Brnkerhof formerly the Illinois department. whose expert
work has been of material assistance the examination
From examination of the books of the Company arrive
at the quantity of the and liabilities, and here desire to
quote from Mr. Bnkerhof report: 81 books Of the
Company relating financial transactions explicit
preensve and Ineligible and well and accurately kept From
personal examination of the quality of the pleased to
state that find them in all fcas and of such
that they gratifying this department. they must
be to the officials of the Company
The liabilities of the Company have been carefully computed
and in the opinion of this department. should be charged up
accordance with the figures herein given And desire to
express my satisfaction with the action of the Company in their
desire throw all but what be considered legitimate
assets charge all that business be considered
liability
The promptncss o. the Company relative to the payment of
legal claims brought against is greatly be commended and
OF particular interest policy holders The inclination OF the
management to make prompt eances after accepted proofs of
death, deserves this good word from in their favor
1t proper for this time say few words in relation
the general management OF the Company has been my
pleasure acquainted with majority the officers of
Company for years. and upon the conclusion Of this regular
examination into the affairs of the Company find than
expected nd which that the affairs of the organization
conducted in honest ard busnesske that the Com
pany reliable every particular and the policy holders
secured.
The examination shows the following be the financial
dhfon of the Company June goth, 1895;
Total Assets shown by books of Company $48s463s 90
Total Assets admitted by Insurance Department 8o38os o6
Hota liabilities a. 4ss13sz az
Hnrplus to policy holders, admitted by De-
partment 452S3z 70
0pseSurplus az shown books Of Company soaazy 81
Yours respectfully
THERON F. GIpDINGS,
Commisssossr Of 1ssuva.ea