The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-02-19
INSURANCE REPORT.
FORTY-RIKTH ANNUAL REPORT
OF THE
Connecticut Mutual Life
Insurance Company,
INSURANCE. REPORT.

To the Members:
Despite its great general dullness the
year 1891 was. on the whole, fairly pros
porous one for your company. The hard
times and the hungry competition Of a
certain class of companies made it some
what more difficult than usual 10 do
large new BUSINESS. Careful men are
cautious iu such tunes about taking on
increased expenses. But just such times
make the unselhsh. tenderly prOvident,
and prudent husband and father realize.
the more clearly his family's need Of sure
and constant protection and their de-
ptndemce on him to provide IT, It IS only
10 that class that The connecticut Muiual
with its simple, wholly businessllke ana
wholly nou-speculatiVe plans and meth
DDS. COmmends itself. It is not Surprls-
Gnsr therefore. ahat while we wrote
slightly less in amount than in the pre-
viOus year the number OF persons insured
was large.
was extremely small, being only 3.6i per
cent. of the amount at risk at the begin
ming OF the year and less than i'm the pre-
ViOus year, so that while the amount at
risk has decreased a trifie, S30loZi, the
number of persons insured has increased
several hundred. The remarkable per
sistence of our business is most graft
fying feature. on the one hand II Is due
TO the unparalleled low cost OF insurance
in this company, and, on the other, u
helps TO keep down that cost by making
10 needless to spend heavily for new bust
ness 10 replace a heavy Outdraft.
The mortality was some what higher
than in the previous year, but was stun Tar
below that expected and provided Tor by
our calculations
The gains in income, assets, and sur
plus have been satisfactory.
The expenses have been Kept rigidly
down to the same scale OF economy
which has always characterized the COM
pany and given IL an unique position
among Institutions of its kind.
The increased dividends paid were fully
Ns.#H HHF los Gil
stantial addition to the surplus which
protects our large and al-important
obligations. and which also materially as
sists in maintaining a steady rate OF ulN-
fdend unaffected by ordinary changes in
general business conditions.
In all that goes 10 AFFECT the strength
and permanency of your company and the
cost of your insurance here, now and IN
the future, the results of the year are
not only satisfactory, but, unuer the uh-
toward general circumstances, Crafty
TO speak in detail:
FINANCIAL OPERATIONS.
For premiums .si67I972.ss
rents rents nv ..,............... s,2OS4os.2s
'' loss .'.....- 'C"s 1987z25
Total income .....................$7.9o5 1871
For claims by death
dowments ............S "a, 273, s74.e9
Surplus returned to
policy holders ........ 1,265, 415. 20
Lapsed and surren-
dered policies ........ 659,7Ol.33
Total paid policy
holders .......-....... 30, 1873 S5lsoa
G. o m m s o to
agents. salaries med
ical examiners fees,
printing, advertising,
legal, real estate
and all other eX-
penses of manage
ment ........--......... loo,O55-S6
Taxes ................... 30O,52Sl4
-$7, 2s5, 559 GA
Total income ....................Sl sos, 15S Al
Total disbursements ............ 1885, 81
Balance carried to increase net
or ledger assets .................$ $40, 1888 n
Add net assets, Jan. /, 1884. SO 926, 1888 SO
Net assets, Jan /, 1896 ... SCI, SAG, 1893 sc
Add interest due and accrued
market values of stocks and
bonds over cost, and net de-
ferred quarterly and semi
annual premiums, as per
itemized statement, herewith. 16SS, 526. 81
Gross assets, Jan. /, 1895. SCI, 234, 1925. 80
Total liabilities ............... 55,35S 7l2. So
Surplus, Jan. 1, 1895. ..........$ 6.S762l2. rs