The Portland daily press., 1898-01-26
Anlount.

Amount.
G ain in Assets, $l9 aoS. o. o.,
Gain in Surplus, 4U,5 -. s,o go
Gain in Premium Income, 70, lo3. ~
Gain in Total Income, S3,34l.lf
Increase of Total New Business Writ
ten, Policies-6S5, Amount-$5O6,37 374.
Increase of New Business Written IN
Maine, Polices-352, Amount-$327, 5s@.
Increase of Total Insurance in Force,
Policies-2, ,o6o, Amount-$1, ,S56,526.
Increase of Total Insurance in Force in
Maine, Policies, ,015 Amount--$1 OPS
97l.
The PAYMENTS TO POLICY HOLDERS
during the year amounted to 1887, ,2o5. u,
making the total Payments to Policy
holders since date of organization of
the Company, $50, 1853, ,932.5o.
Under the terms of the MAINE NON
FORFEITURE LAW, by which all Policy
holders of the Company are protected,
your Directors having made its provis-
ions applicable to Policies issued prior
to its enactment there have been paid
1856 Policies, representing STA. 4.467.37 OF
Insurance. In 1896 there were paid Is
claims, amounting to SAL, 1882 of Insur-
ance, the period of time intervening be-
tween lapse of Policy and death OF the
Insured varying from minimum OF one
month to a maximum of six years and
five months.
The management of the company has
followed its long established custom of
treating as a liability all Notices OF
Death received during the year. The
Notices received in 1897 covered $604,-
81 of Insurance.
| AT THE CLOSE OF THE YEAR NOT A
SINGLE BOND OWNED BY THE COMPANY
WAS IN DEFAULT OF INTEREST, and on
it's holding of 81, 800, 200.9S of Mortgages,
less than S270O of interest was overdue.
A comparison with the results shown
| in 1892 will be found interesting as ex-
hibiting the PROGRESS OF THE COM
PANY DURING THE PERIOD OF FIVE
YEARS just closed.
The ASSETS December 81, 1892, were
So. .429, ,927. 20; Decembe 81, 1897, 81, 1885,
555.75; a gain of $S06,62S
@The SURPLUS December 81, 1892, was
1881 ,54S. SS; December 81, 1897, $685.
321 90; a gain of $216, ,772.21.
The INSURANCE IN FORCE December
i 81, 1892. was 1876 Policies, of $33, $685.
ASS; December 81, 1897. 24,499 Policies,
of $50, 943, 375; gain of 6,6S3 Policies OF
$6,649, 800.
| The INSURANCE IN FORCE IN MAINE
on December 81, 1892, was 1,463 Policies
of SO, 033, 1866; December 81, 1897. 4.3s(
Policies, of s5,571,277; gain of 2,911
Policies, of S3,53S, III.
The total INSURANCE WRITTEN in 1885,
was 1856 Policies, of S7,793, ,076; in 1897,
5,97O Policies, of $500, 400; gain OF
2, 104 Policies, of $500, 423.
The INSURANCE WRITTEN IN MAINE
in 1892 was Ala Policies, of $577,O13; in
1897, 1868 Policies of $1,765, 131; a gain
of ], PA Policies, of 81, 1SS, 11s.
The PREMIUM INCOME in 1892 was
ss94, ,9O4. o3; in 1897, s1,1s2, 965. 15;a gain
of $2SS, 061. 12.
The TOTAL INCOME in 1892 was ST.
ISL, PATS; in 1897, $1,505, 127.s7; gain
of 1928. .s53.09
The total amount PAID PoLICY-HoLD-
ERs in 1892 was $685., ,065.70; in 1897.
1881, POS. 12; an increase of $142, 139.42.
The rapid growth of the Company in
the State of Maine from which it derived
its Charter, and in which its Home
| Office is located, will be most satisfactory
evidence to the whole membership of
the Company that where it is best known
it has attained it's highest point of pop
ularity and largest measure of patronage.
Your Company is the owner of large
tract of real estate in the city of Chicago,
known as the old University grounds,
acquired through foreclosure proceed
ings, which were confirmed by decree of
the United States Circuit Court for the
Illinois District, in January, 1889.
A subdivision of one hundred lots
was made and the plat recorded IN De-
cember, 1889, and the following year the
streets were opened and gas and water
mains were installed. Very soon there
after sixteen lots upon Cottage Grove
Avenue and one upon Rhodes Avenue
were sold, leaving eighty-three lots
which are now owned by your Company
A. y l.. han n n
quired through protracted litigation IN
all courts having jurisdiction, notwith-
standing the ownership by the UNION
MUTUAL LIFE INSURANCE COMPANY
| had hnay, ttpo hu thp llr-