New-York tribune., 1901-02-23
REPORT SBOWS STEADY GROWTH.
ENCOURAGING CONDITIONS " THE coNYrcrrc,-
Mutual LIFE INSURANCE coMPavY.

ENCOURAGING CONDITIONS ~ THE CONNECTICUT
Mutual LIFE INSURANCE COMPANY.
Inc inc report Of Jacob s Greene. president Of the
'onneeticut Mutual Life Insurance Companv. shows
constant and steady grow III that speaks in The
highest terms FOR the management n the co,-ns,-
which was one OF the first 10 he established IN tbis
oountry ana s-sf;c4 - 2 tine when there Uas 10
local eNperiencc 10 be guided by II was necessary
10 look 10 foreign countries for a criterion or
Foley The experience Of English companies was
thought 10 be the most likely 10 be repeated
in this country.
conservative policy founded on an examina-
l'n oi the records of seventeen English companies
men dong business and CONSISTENT adhered 70
has enabled the CONNECTICUT Mutual 10 hols Us ov,
ana advance steadily despite the strong competition
mat has gToVn up IN the life insurance business
Oh@hseS IN policy and the adoption OF newer meth
DDS have taken place from time 10 time. bur the
sI''t q careful guardisnshi2 OF the interests OF
us members has ruled The management of the com
pany from its foundation
President Greene in speaking of the business O.
The company for thH last year. says:
The eNperienoe OF the year lsOO while favorable
Was in no Way especially Ternsrkabie in the 5usi.
ness o. progress of the company. chief incidents
in'y he very briefly summarized; There was fair
- as IN ne pftIlaln income and in the amour;
rates 81 inters IN lsirPI al I'M iaiy year past me
general tendency downward; the foreclosure OF
panic OF lse wss f.r considerable amounts showed
= G cAahge M Ior Tie better with an increase in the
been kept at its usual low limit. In the ex-
have Teen consideab IN order 10 eat na "ep Eeep
the properties in good condition pending sale and
which VII disappear as sales take place; the
tahty OF the year. while somewhat heavier than
that Of 1855 far inside the losses provided
S2 The market values OF securities which had ruled
lower for several years following the panic Of 1885
We're IN great measure recovered; for two three
Years we have been able 10 less surplus than
Tor mann previous years during which had
been slowly accommodating small items OF surplus IN
times as nave been ~Nperienced since 1856 81. be
come available 10 maintain for the present the
until the Interest rate and other conditions which
affect the surplus earning ability Of an companies
of the future be better judged.
II Is our desire TO far perfect safety will
decreasing cash The greatest and most uncer-
tain factor operating against is the continued
nineteen years ago, changed our calculations from
the basis of per cent annual interest 10 that OF
factors affecting our ability TO earn or save sur
plus the death rate and the expense account.
! risks and the prudence and economy Iraditionai
with the Connecticut Mutual are steadily main
tained.
= resume Of the history OF the company since its
organization ffty-five years ago gives inter
cstng figures In that time according to the re-
port. the company has received from its members
for ordinary, and annuity premiums. selI.-
62 06S Sc and has returned them for death losses
endowments. annuities. surrendered policies and
dividends s2o7 7SS III Il. sS22 per cent: for in
toresi rents and proht and loss 500 SIS 50 has
been received making a total income OF s2lS6i
C5l OF this s2g IL 81 has been returned To
policy holders; s27.S0sSl5 6g-only per cent-has
rona for expenses SOfls l75 IS has gone for taxes
and the balance. S2Sioo@2 -. forms part Of the
I lies aud sllrplus The PAYMENTS 10 policy holders
gross assets aggregate So. s63. 81 Sc
l2S.sS per cent Of the receipts from policy holders