The times. [volume] (Richmond, Va.) 1890-1903, 1902-03-07
Forty Fourth Annual Report
Tho Northwestern Mutual LIE
insurance Company.

The forty-fourth annual report q ths
company. covering the business Of this
year 1901, exhibits continuance OF this
prosperity and substantial growth which
have brought the Northwestern to itx
leading position in insurance and fnan-
Gal circles.
The net results of the years work, thu
1argest in the history OF the company.
were as follows:
Increase in assets. .......... .$114SsS A
Increase in income .-............. 2,31o ys9
Ir,crease In payments to policy
holders acknowledgements. 2,4So2.51
Increase IN insurance in force. Is, 057, Ilc
Increase in dividends paid........ 3iSii1
These results were Obtained without
sacrihcing any Of the conservatism and
economy which have always character
lied the operations of the Norttswesterr
and contributed much to It's marked sue
cess The rate of expense OF manage
ment, including taxes, was one per cent.
less in 1901 than it was in 1900, and two
and one-haf per cent. less than 1t was
ten years ago. This is especially crafty
&: in view OF the fact that In 1860 but
three companies out of sixty-one reported
in the Insurance Year Book had a lower
ratio OF expenses and taxes to income
than had the Northwestern. and In ueith-
er OF these was the new business written
relatively as large as 1t was In the North
western.
relatively lower In the Northwestern than
II any other company. but its death rate
IS also very low In comparison with most
companies and far below tho average OF
all the companies. The death losses OF
the company in 1901, although an increase
over those for 1900, were only Ds9 per cent
1880 per $1,000 of the mean Insurance.
In force. No information Is yet avalia-
BILE as to the average death rate OF all
the companies in 1901. but in 1900 the
average Of twenty-eight leading compa-
MES, including the Northwestern. was
III per cent (s1270 per 81 COO.
The restricted territory from which
business Is accepted by the Northwestern,
together with the greatcare exercised In
the selection of individual risks, has re-
suited in a, large annual saving to policy
holders.
Further evidence of the quality OF tbs
business and practical proof OF the conf
dence of the policy holders in the man
agement of any company Is to be FOUND
in the proportion OF its business which
continues in force from year to year The
new insurance issued by this company on
the paid-for basis in 1901. including addi-
tons purchased by dividends, was $50
s62, O97: during the same year the insur-
ance In force on the same basis tncrease ed
s4o.Oo7.1O. or $50 per cent. of the amount
issued OF all the new insurance written
by the Northwestern and paid for during
the forty-three years OF it's existence,
53.S per cent. was in force December 81.
1aM. This record we believe to be- une-
cualled by that of any other company
sufficiently well established to have s10o-
o00.0oo or more of insurance in force Tho
detailed statements accompany this
report (see statement in another co,urnn,.
as well as those accompanying the re-
port OF last year, do not include any
insurance reported as issued during the
year or in force at the end of the wear
for which the premium had not actually
been paid on or before December Ist.
The new insurance written by the COM
pany during the year was s7e.07ss17-
nearly three million dollars more than
in any previous year.
AT the close Of the year the insurance
In force. on the paid-for basis amounted
to s5'74 7f5.o0n. and the number OF policies
to 43,15S The assets at the same time
amounted TO s1S1 aI $50.
The general surplus, which Is exclusive
of s24 9g72is of s'Irnlus accommodations In
Guided with liabilities and held to meet
tontine and serni-tontine policy contracts
amounted to s. 2s2.2 80. and is practically
the same that it was wear aso
The total of the two items. s3020s si5
shows an increase for the wear Of IL
2S25t7. The total dividend payments IN
1901 reached the stnl OF g 57751s.
The total income of the company In
1901 amounted to 500 AL. 7S4 and the total
disbursements to s16.s42 asoo: an excess oe
income over Disbursements OF s12.62s s51.
T. Archibald Cary. is the agent OF thu
Northwestern for the States OF Virginia
and North Carolina. with offices corner
Twelfth and Main Streets. in this city.