The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1913-02-03
THE MUTUAL LIFE
iNoUNANIE co. In 1912

in 1872 the Company paid to poLcy-
nOiueTs anu tnelr Denenclarles, IN death
Claims, matureo enoowmenIs, olvIoenus,
etc. the sum OF soo,soo,4eo.s 1hIs was
more than a mliilon uonars tSl,l1z,-
4l5-zoI Ior every week III the year,
anu amounted 10 Szo1,oiz.4S Tor every
working gay lSU1J. 1t exceeded the
sum PAM In 1914 by more Jnan three
and d nalf mlnlon ooiIars tsS.olI, 90,
and Was several nliiIonS more
than any orner company mas ever
psllu TO puncynoioe-s ana their bene-
IiclaI1es iii "a SillSie year.
Inc amount pau TO policyhoIders
t$oU, 800, 4oo.so) eXceeueu the amount
received from poIIcy noIderS in premi-
ums, supplementary contracts, etc.
1904 100, oo5.ooJ u! nearly Tour mnilon
uOilstrS 100, Io1, c1S-oU1.
In the matter OF dividends to policy
hoiuefs, the company has again broken
ali records, having PAID IN 1olz IN cash
dlVloends the sum OF $Io,UUo, U.2o,
wn1Ie Tor divIueuos payable In 1913 1t
has appropriated the extraordinary
amount OF SIi,oos.O46.S5, an increase of
SZ,ao1, foo.tS over the sum paid IN 1912.
Inc sum appropriated Tor dividends
payable in 1913 t$Ii, 500, U4o.93) is 80 per
cent OF the total premium income of
1917 ($oz, oz2, 49,. 90, not including con-
sideration Tor supplementary contracts
anu annuitieS).
Notwithstanding the exceptionally
low death rate of 1911, when, with near
~ forty-one millions more insurance in
force than in the previous year, there
was an actual decrease in the total
death claims, a still better record was
mace in 1912. With forty-five millions
more insurance on its books than in
1911, and Notwithstanding the loss of
Is policyholders in a single catastrophe
the wreck of the Titanic-with $270,-
0o0 insurance, the death claims paid in
1912 were $162, 606 less than in the pre-
viouS year.
On real estate and securities sold
during 1912, the Company realized net
profit over book value of S2047, 219.31.
In 1911 the new insurance paid for
Gncluding restorations, etc. amount
ed to $157 ,067, 1923, an increase over the
previous year of more than $16,000000.
The total insurance in force at the
end of 1912 was 81, $50, 1856, o63 a gain of
$45, 913, 401
The real estate holdings (book valued
of the Company at the close of 1912
amounted to 1923, 532, 623.S7 or less than
per cent of the Conlpany's admitted
assets.
The funds of the Company are kept
closely invested. The cash on hand at
the end of 1912 was only 81, 1876, .O5,
or little more than one weeks income.
OF the cash on hand, all but $306 929. 81
was deposited at interest.
THE RECORDS OF 20 YEARS.
Since it began business in 1s43, the NIu-
tual Life Insurance Company of New York
Has paid to policy
holders -...-.-........-. 81 O66, 4S6, 15494
Has accumulated for
policyholders ........... 5s6,s72. 5000
Total benefits to pol
icyhOlderS aggregate. 166S, 35S, 930. "A
In 10 years it has
ceived from policy
holders .................. 1,471, 459, 911. 20
The excess of benefits
to policyholderS is.-.. $191, S99, 023. "a
The first policies of The Mutual Life
of New York were issued seventy-one
years ago, on the first of February,
1913. That fact warrants its descrip-
tive title of "the oldest life insurance
company in America One of the poll
cies issued in it's first fiscal year, No.
45s, is still in force, the insured being
hale and hearty in his 9th year. That
policy, originally 81, 500, is now worth in
cash $5,5S7.51, the increase comma,
accumulated dividend addi-
tons. The insured pays a yearly
premium of $780, but his annual divi-
dend in January of the current year
was virtually eight times the amount
-$267 .6S.-Adv.