The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-03-03
The Connecticut mutnnl I.Irr.

The Connsesicut Mutual Life
The half SSntury mark in the history
OF theGonnecticut Mutual Life Insu-
ranee company has been reached, and
the report OF the company's officials
signalling the event is one of profound
interest, The company was chartered
by the Connecticut legislature at its
May session in 1916, and began business
soon afterward, 1t is an interesting
commentary concerning the character
of the risks taken that nineteen of the
original five hundred policy-holders are
still living. The policies Of these men
are still in force after a period of fifty
years. The company from the outset
Of its career has maintained decided
policy in regard to the character of the
risks to be taken and carried. The
standard has been eminently eclectic.
Relationships of climate personal sur
roundings and habits, and sound phys
ical conditions at the start, have been
imperatively demanded from the first.
| This policy has been in keeping with
the highest interests of the policy-hold
ers as body The Connecticut Mutu-
al has not made kiting excursions
abroad to swell its roll of policy hold
ers, and has had no occasion like it's
New York competitors to ask for retail
iatory legislation AS President Greene
expresses it tersely and forcibly, the
company has restricted its business to
our own country. 1t has selected it's
own risks under familiar conditions,
and it's entire organization is immedi-
ately in hand. 1t does not have to del
egate the control of most vital interests
to the discretion of a foreign director
ate, and the custody of its assets Is not
| left with foreign governments. The
simple statement of the case will con-
vince every one concerning the superb
or judgment of the company in carry
ing out purely American line of bust
ness.
The Connecticut Mutual I.ifes finan-
cial transactions during the half centu-
ny in which it has been engaged in bus
mess will be partially measured by
reference to the premiums received and
losses paid during that period. From
the time of it's organization to,January
! 1, 1896, the company has received in
premiums 1868. 500; in interest, $73,-
553, 323;in rents, $6,S04,9 46; balance in
profit and loss, $9S5079, making a total
of $26S, SIT. The company in fifty
years has paid 26,370 death claims, the
sums disbursed on that account being
$S5, 00S 1888. The number of matured
endowments paid during the period in
question is 6,552, involving the dis
bursement of $13, 166S10 The sum of
$54, 692 105 has been paid in dividends to
policy holders. The return to policy
holders, on account of surrendered poll
cies, is 1923, ASP. In the fifty years,
the total outlay in the way of expenses
has been $23,4793S6, considerably less
than 100000 year in the long run.
The company has paid in taxes the
sum Of $S,556,224 The total expendi-
lures, involving every outlay since the
company was organized, aggregate
$207 ,947, 1856 This leaves a balance of
more than sixty and three-fourths mill
lions of dollars in the con1pany's treas
ury at the end of the half century.
! Expressed in terms of one year each
the company has made more than ST.
100000 annually for the policy-holders.
Figures in themselves are a dry sub
iect to handle, but the force of this
concrete accumulation annually for fif-
ty years will be readily recognized. 1t
shows that the Connecticut Mutual
Life is the grandest financial institu-
ton in New England.
From legal and governmental poiat
of view the Connecticut Mutual Life is
far stronger than the report shows.
On all business written by the compa-
ny since April /, 1892 1892, it has assumed
foniy per cent. as the basis of ealcula
ton, while per cent. is the legal AMI
authorized interest. That Is under the
standard of Connecticut and Massa-
chusetts the company is required to
compute it's liabilities on the assump-
ton that it can earn 4 per cent. annual
interest Making the computation on
the lower standard necessarily increas-
es the liabilities of the company. The
. increase in the Connecticut Mutual
IIife's case is not far from 81 900, 900.
Expressed in other words, the compa-
ny is S1,000,000 better off than it's figures
show. The surplus to policy holders,
as the annual statement shows, is ST.
X 096,256 No company in theN country
has an ADLER management than the
Connecticut Mutual Its officers stand
in the foremost rank of life UNDER
: writers.--Hartford Times.
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