The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-03-21
J. j.. AHERN,
General Agent, Bank Of Commerce


MASSACHUSETTS MUTUAL LIFE INSURANCE
O., office; ionn sp,ing fsfI
PasS W. r. sargean attorney
to accept service in Minnesota: Insurance Com
missioner. Cash capital. none.
'''' 'O'''>'' INCOME IN 1905
First years premiums. :.-.-... SS64 .920.55
Renewal premiums Obs, i3i.H
Dividends and surrender values ap-
piled to purchase paid up insur-
ance and annuities.. .......' S32,Sl65o
Total premium income s6,911, 476.22
Rents and interest ............. 1852, 264.57
Profit Oh sale maturity of
ledger assets .........::'..... ~ None
From all other sources ::...:.:..J 1852 At
Total income ....s. - $685., O79. "a
i''"i observation-disclosures IL 1905:
dowments hts ....-......... $2,742 Ga
Hoided by iapse 6741721
Surrender values s to policy holders AZ 1895
Dividends to policy holders :. 49,. 1O12 1861
Total paid hoiicy, hahlers. 49, s4,264, or .65
Dividends to stockholders - - None
Commissions and bonuses tocagents =
first years premiums 4l5 AS A
Commissions renewals 359 326 81
Commissions on annuitiss-- ......z None
Committing renewal Commissions. None
cies .'.'l ..V@ eI'ss ~. % - s17es5s
Agency supervision and other e1-
Medical examiners fees and in
spection of risks ......-....-- Il 1860
Salaries of officers and employees 1I2 1871 81
Legal expenses observation-disclosures. 2.372.12
All other disbursements. AL 33f 4s
Total disbursements ..... So o7, 655. oil
Excess of income over disburse-
Value of real estate owned ...:.. s55s.472.15
Mortgage loans -......-......... 15,11l,92Z4f
Co1laferaI loans ....... None
Premium notes and policy loans. 4,713.503.04
Bonds and stocks owned. ........ 1I.6O2 9Z5io
Cash in office and in bank 66o,I3o.4o
Bills receivable and agents nal
Accrued interest and rents. 92s,6 SIS. 81
Deferred and unpaid premiums. 903.I2
Total admitted assets....... $40 O02 769. 81
Assets not admitted. S4.0S4.5o.
LIABILITIES DEC. 81, 1905.
Net value of outstanding policies $50, ISL 292O0
contracts and cancelled policies 21999s,s SO
| Claims due and unpaid. ......... None
' anndja a"5ui's and reported port 1924
P Premum nsSi paid in advance 2a74157
| Dividends due policy holders. !4O93SO3
| All other liabilities ......... $40, O31 %
| Total liabilities on policy hold
ers' account -.......-...- S36, 63SoI 4. 4 I
| Cross diyisible surplus ....:... 3,344 1874 81
EXHIBIT OF POLICIES. 1905 BUSINESS
Number. Amount.
| Policies in force at be-
ginning of the year. 1880 S1SO,O96,256.po
| Policies in fo-ce at close 80 -, -.
Net increase. 6,SO3 Sl2,2b6, .'oo W
I Issued. revived and in
creased during the year. l1,I25 23,6o9, t9Sno
| Total terminated during - -
! the year .-..--.--...- 4,9ZZ il'o9o' -o2-UO
! Rv death ............- S23 2,52I ,5O1 90
! By maturity .......... III 344> 1872 90
tfBy expiration .........-rt'--I --' Eo'"oS-v
BY surrender --.--.-.-- .ll6 Z,4oZ'tLsZz-ou
By lapse ..............- 2I99 4,53e.t9I w
| nv decrease 1913, 175.O0
D' BUSINESS IN MlNSEse o.: IN Is s33o,,nt
Policies in force at be-
| ginning of the year..... .o32 S23O63l6nt
Issued during the year.. 40 229,"Zf.E
Ceased to be in force dur
| ing the year 1l3 2iS 26l ~.
In force Dec 81, last. 1,O49 22S',3I3Ot
Losses and claims incurred during
! the year ACKNOWLEDGEMENTS. -1,Sio''S
Losses and claims settled during
| Losses and claims unpaid Dec. 81. None
| Received for premiums. ....... f4lVl. =
STATE OF MINNESOTA.
Department of Insurance.
Whereas, the Massachusetts Mutual Life In
Suranee company. a corporation organized under
| the laws of Massachusetts, has fully compiled
| with the provisions of the laws of this state rel
atve to the admission and authorization OF
| insurance companies of its class.
Now, therefore, !, the undersigned Insurance
Commissioner. do hereby empower and authorize
| the said above-named company 10 transact II:
| appropriate business of life insurance in til
state of Minnesota. according to the laws Thereof
until the thirty first day of January, A d. 1901
unless said authority be revoked or otherwise
legally terminated prior thereto.
In testimony whereof have hereunto set my
hand and affixed my official seal at st. Paul
this 31st day of January. A. D. 1906.
THOMAS d. O'BRIEN.
I,,cr, TEprnr1 iSSin