Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1911-01-18
Union Mutual Life Insurance Co.

THE SIXTY FIRST ANNUAL RE
PORT of the Directors OF the UNION
MUTUAL LIFE INSURANCE
COMPANY to Policyholders is here
with submitted
Steady advancement was made dur
ing 1910 in every department of the
Company. The year WAS not one in
which conditions were conducive to
unusual increases the results in some
commercial pursuits having been
hardly normal. while the difficulties of
Ceifd ucting the business Of Life Insur-
ance. particularly in securing capable
lagents. rertain undiminished, in con-
sequence of which the management
finds satisfaction in the progress re
cor,,td
An important source Of growth is
New insurance paiifor. the figures Of
which fol the year We're 2,6T2 Policies
Si52',SS, Insurance. the gain being -
Policies. SNi2 ,S6S Insurance, over 1909
III the state Of Maine S779 1921 New
Insurance was d. livered, an increase
of S2l65Sf.59. indicating the favorable
manner in which the institution is re-
garded where 1t is best known. IN
most of the other territory where the
Company is represented reasonable
advances were shown in this branch of
the business.
The financial growth continued
marked and substantial. Notwith-
standing 1910 was Il year of declining
security values. the appraisement Of
bonds and stocks made. by Messrs
Edrunds Hrotht~s, of Boston, Mass.
shows that the Assets increased ST.
o99, 1s0l Is during the year. and the Sur
plus 90 resources above Liabilities
gained 500 Ssh. the Assets being on
d lcember 3lst, 1910 $l7,1T6, 6S7.65 and
the surplus $1.55S. 4iG.3 80
The Premium Income was $50 33oo93 L
larger than the year before, standing
az 2229 2f3.i6. Interest, dividends
from Investments and rents were also
gre alter, the Total Income reaching 81
9S4 11S.3S.
Looking back to the time when the
present management took charge Of
the affairs Of tile Company, seventeen
years ago, some of the accomplish
ments during that period will illus
trate Tic growth of the institution:
the Assets are more than two and one
faIf times what they We're then: the
Surplus is SIX ard one-half times
greater: the Total Income is two and
one quarter times larger; and the In
surance in Force is nearly twice, what
it was at that time. With the number
of Policy holuers more than doubled.
The purposes for which Life Insur-
ance is possessed are many. its useful
ness extending into all lines of bust
ness rs we'll as surrounding the home.
protection always being the underly-
ing factor. Motives of this high type
have brought together the 1872 Poll
cy-h6Iders who compose the Company
and who carry SCI 345, 35S Insurance
upon their lives. every contract repre-
senting some definite object TO be ac-
complished. some worthy intention TO
be fulfilled. some cherished idea to be
completed.
In the course Of every year much In
surance will necessarily reach matur-
ity by death, and whenever such cir
cumstance cores to pass. the fore
thought of the Pnlicyholder in arranS-
ing financial snstenanca has merItec
recognition by the family. Impossible
as it is to designate the particular IN
diyIduals who viii die within = given
wear. it is. nevertheless. true that the
number of deaths will he close to an
exueeied percentage. which can be de-
'termined by actuarial calculations
The mortality experience of TN" Com
many has never been excessive, nut