HomeMy WebLinkAboutThe Goderich Signal-Star, 1941-03-13, Page 7J3r
MY VERY NATUEE ° Life Insurance is an active,,
continuing o
o
rce�-
a:
`. , � force 14 the ,,hones
of millions who share its benefits.
Lastyear Metropolitan visited many homes in
tames of family crisis; for a total of over $182,000,00Q
Waspaid on account of death claims ° to scores of
thousands of beneficiaries of Metropolitan'. polica
fielder's. Dividends, matured endowroen ...annuitt. ,
ty and health and:accident clam;
pscq�Ji�teti�ts, di�abili"" , ,
and other benefits paid or_. credited to living poi,cY..
holders during the year anliounted to more than
$426,000,000. The total of ,:almost $609,000,000 for
payments .to -policyholders and beneficiaries is a record
high for the..Company.
Metropolitan funds, invedt for or tlie benefiit of, its and safety litei°ature and • advertising, Metropolit40:
po icyholders, continued to' play a' part in the life (:)f a again contributed to the task of bringing better health
the nation. These funds .aided inf.
�� financing Govern- to they people.of Canada and the United
Mates. ,The
went 'activities; helper•tekeep industry hummincatiki deoth rate of Metropolitan policyholders as a 'whole
men in jobs and the
nation strong and productive continued to be low,; and mortalitya ong fndustrxl
'
helped to ereet public and private buildings, and
assisted policyholders was approx niately the sane as the 29,39
farmers to own their farms and keep them in proper figure, a record low for this group,: _w,
Metropolitan ,is a: 'mutual 'life insurance company.
repair:, However,ulow'r interest' .
ratee .bier "alt .. -r a ll _. k,
y previ
ing, continued tot: have their effect on the' Company's
consequently earnings 'and� do divideiid� to ' li This means that. "thee assets of the . companypany are held
Po derf3
cyhog
• for policyholders and them beneficiaries., . The valtle
Moreover, through its Welfare activities, its nursing of these assets will ultimates be .paid out f their
w r s * • � p 1� for 4#�e�,
for eligible policyholders, its research, its °health , benefit.... and for them only.,
service•
•
ASSET S WH ICH ASSURE' FULFILLMENT OF OBLIGATIONS
Government' Securities
ZI. S. Government
Canadian Government
Other Bonds •
U. S. State & Municipal . • ,
Canadian Provincial ,& Municipal
Railroad •
Public Utilities:
Industrial & Miscellaneous
Stocks
... ". .. . .. . . . ..
All .:but $.47,952.13' are Preferred or Guaranteed.
First` Mortgage Loans on Real Estate '
•
Farms 82,104,425.08
Other property - -. `855,122,018.3
loana•on Policies
Real. Estate Owned . • • • • .
Includes real estate for Company use, and housing projects.
Cash• • - • . • • , a.
•
. Premiums Outstanding and Deferred . ..
Interest Due and Accrued, etc.'.
$1,147,603,320.93
$1,063,435,444.96
84,167,875,97
98;597,960..88.'
104,071,903:62
556,382,872.40
7.09,433,300.58
479;334,236.03
504,549,131.45
430,945,055.68
150,740,516.25-
90,232,179.03
62,295,093 3.2
. OBLIGATIONS TO POLICYHOLDERS, BENEFICIARIES; AND .OTHERS
Policy, Reserves required by law
Amount which, with interest and future premiums, wil
assure payment of policy claims.
Dividends to Policyholders'
Set aside fo> payment during the year 194'1.
Reserve. for Future" Payments on. Supplementary,
Contracts
Including claims awaiting completion: of proof and
estimated amount of unreported claims.
Other Poilcy'Ob1 r11ft....:.. •
Including reserves for Accident a•nd Health Insurance,
dividends left with Company, premiums paid in
advance, etc
Miscellaneous Liabilities . •
Liabilities not included above ,` -such as „tabes -due or
accrued..
TOTAL OBLIGATIONS
• Special Funds
Surplus . • , .. • z.•
This" serves as a margin of safety, a cushion against
contingencies which cannbt,be foreseen.
NOTE -i-•- Assets carried at $238,267,054.59 iri the above statement are deposited withvarious public officials under require-
ments of law or regulatory authority. Canadian business embraced.in this statement is reported on basis of' par of exchange:
$5,017,551,552.08
16,370,000.00
323,870,084:,24
$5,357,791,636.32
• These hiyhliph.ts ,of •• the Company's business in the
i. ., a , Dominion during 1940 will be of particular interest to
• Metropolitan's Canadian policyholders and their beneficiaries.
The total LL aitiount of Metropolitan life insur-
ance ire force in Canada at the end of the,year
was *,206,231,511 of which .$666,544;714 was -
held -by Ordinary policyholders; $432,296;262
by Industrial policyholders and $107,390,53
by Group policyholders
* *` *
• Payments to Nletropolitan' poTicyliolde`rs - arid"
beneficiaries in Canada during 1940 were
$31,829,729.76.'
The toial amount the Metropolitan has ,paid to
Canadians *nee it entered Canada in `i.872_,
phisLLits present investments in Canada, exceeds,,_
the total of all. premiums received' from
Canadians by more than 8173,900,000.
* *
The - total; nt i rber of nurginrvisits`maele with" -
out additional cost to our Canadian policy-
•
holders during 1940 Was 317,972.
Metropolitan -health psi ilications distributed: in
Canada during 1940 totalled 2,687,69.
*
Metropolitan investments in Canada as of
December 31, 1940 -,.totalled. 8296,976,446.02.•
-
• - minion
LDoov�ernmertBonds
.. _... Provincial. and.
Municipal Bonds-
. . . All other investments
(A MUTUAL COMPANY)
FREDERICs H. ECEER, NewYork,• N. Y, °
• Chairman of the Beard
Metropolitan Life Insurance Company
*MXICHELL D. FOLLANSBEE. Chicago, ill.
Member, Follansbee, Shorey and Schupp
Attorneys at Law
Joan P. Day, NewYork, N, Y.
President, Joseph P. Day, Inc., Real Estate
LANODON'P.'MAxvN,-NewYork, N'. Y.
Member. Emmet. Marvin and Martie.
AttornEmmet.s at Law
WILLIAM L.fPE BOST e_wYork; N.Y.
"fir tr Unlon Diire Savings Hank
Innum AMI MILBANK, NewYork, N. Yr
Milbank &,-Co'.
DALTON LORRY COLEMAN
. Montreal, Canada, Senior Vice -President,
• Canadian Pacific Railway Company
NEWCoatB CARLTON, NewYork,, N. Y.
Chairman of the Board
Western Union Telegraph Company
LEROY A. LtrrcoLrt, NewYork, N. Y.
President, Metropolitan Life
Insurance Company
HARRY W. CROI#T; Greenwich, Conn.
Retired, formerly Chairman of, the Board
Harbison -Walker Refractories Company
THObiAs H. Rocs, NewYork, N. Y.
President, The Croy/elf-Collier Publishing.
Coinpany(� •.
WALTER EIANG HOPE; NewYork, N. Y.
Member, Milbank, Tweed and Hope
° Attorneys at Law
. FREDERICK I-1. ECKER
Chairman of the Board
'LEROY A. LINCOLN
President
SAMUEL W. FORDYCE, St. Louis, Mo. -
Member, Fordyce, White, Mayne, Wiilam,
and Hartman, Attorneys at Latit'- -
GeoRrr•`IicANErrY, New York, N. Y.
Chairman, of the Board
Title Guarantee and Trust Company
Roaear V. Fr.EatsNG, Washington, D. C.
President and Chairman of'tlge Board
' Riggs National .Bank
FREDERIC W. Ecznn, Ne r'tork, N'. Y.
Vice. President
Metropolitan Life Insurance Company
•WrNTHaoP W.ALDR CH, New York, .N..SY.
. ' Chairman of the Board
Chase National Bank of New York •
Wn.uaat W. CROCKER, San Fratrcisco. Calif.
President — •
Crocker First National. Bank ofSan,Franciseo.
DIREC
t � i
Agony HOUGHTON, Coriiing, N, Y.
President, Corning Glass Works
Lours 5. Sr. Lpvgg, r, Quebec, Canada
Meniber, St, Laurent, Gagne, Devlin &
Taschereau, Attorneys at Law
ERNpST E. 'Ncncnrs.'Washintton D. C.
President, Southern Railway System '
Havras H: MclNxeirruv. New York, N. Y.
President, -National Dairy Products Corp.
PHILIP D. REED New York, /1.,Y.Chairman of th Board
General Electric Contp'any •
JUAN T. TiupPe, Nevv York, N. Y.
• President, Pan-American Airways System
WEBsTER B. "TODD•, New York. N. Y.
President, Todd and Brown, Inc., Buildeits.
Illustration shows Canadian Head Office of
' ' the Metropolitan Life Insurance Company itt
Ottawa.. The; Home Office is in ;New York
and a Hcad Office is also maintainedin . Sail
FFrancisco..in;addition over 1100 branch offices
are maintained in Canada. and the United'
States for the convenience of policyholders.