HomeMy WebLinkAboutThe Goderich Star, 1931-02-26, Page 2t
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'Assets over Three Billion Three Hundred Million Dollars
(The assets of Afetroporitan bye are the largest of any financial institution tbe world)
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Noteworthy Dailit Averages
of the Colany's Business
.During 1930
1,1.44 per dayl in Number of Claims
Paid.
19,639 per day in Xumber of Life
Insurance Policies Issued
and Revived,
$t0,907716 per day in Amount of Life
11231,1fittiCe ISMIC03, Revived
and Increased,
42.093429 per day in Payments to Ptpb
icyholders and A.ddition to
-• Reserve,
$98%32.3 per day in Increase n Assets.
Metropolitan Life Insurance
Company
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Metropolitan polifyhol4includin5 about ow:fifth of
lhe total poputaHons Ginackt on the United States
have bait up their reserves from 'tnillions into billions.
THE financial story below is a,
record of achievement by men
and women who are planning to
avert want or to btuld estates.
You may admire their steadfast-
ness of purpose last year tinder
handicaps which tested courage.
These people --policyholders of,
the Metropolitan Life Insurance
Company --are building for their
future ' They would like to know
what the future holds in store for 7
them and for their countries aS
a whole.
Let them, and other citizens, exa-
mine any chart of the unparal-
leled prosperity of Canada and
the United States over the past
hundred Years., it app'ears not
-
merely as aiaggfd line,% but as a
series of towering steps which
rise steadily onward and upward.
It . is heartening now- to recall
that, after each depression, our
countries have always gone for-
ward to greater heights of pros-
periti and better, sounder start
dards of living. Today, our count-
ries have more riches and better
facilities- than ever before with
,
which tat. commence Aour next
great periOd of development.
A review of the financial history
of both Canada . and the. United
States..should .turn - any pessimist
.into an optimist.
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Financial Report to Polkyolelers
Assets .; $3,310021 818/
I
v•- (Lamer tkam 4NY OtherAlartada in$00140/ $111:144046,
1.14bilitie$ • '
Statutory Reserve • 00
Reserve for Dividends '
pityable in 1931 upon
,Industrial Policies 44,568,156,00
- Ordinary, Policies 48020,166.72
Accident and Health
Policies . . 2,029,150,00
Total 13ivi4ends 94,625,472.72
for Year Ending December .31, 1930
Total Bonuses and Divt-
• `ilends to Policyholders
from 1897 toand includ-
•
ill$1931 • • * iv • 02219001910.29
Liffe'insurance in rOrCe
All Othet Liabilities - # 142,7153,50.75
Unassigned Vunds 202,159,759470
$3 310 021.810E17
Income in 1930 . 863430,995.31
Increase in Assets during -
1930 • • z . 299 461 /66 79
Paid.for Life Insurance
Issued, • Revived *nd
Increased ht /930, 3%305,037,927.00
• Ex tw 1 Iwo Crop, Polkirt)
•
Canadian
Office
-*•••••••••••*04001•011101111saulmININgni.140.07ammolow
Ordinary Insurance -• • $9,286,568,051.00
Industrial IiiStifitilCe(pro.- - -------
miums payable weekly
or monthly) • . . 4821,768,687.00
Group Insurance * ,k;• 21,702,629,646,00
Total Insurance in Force. 18,810,966,384.00
(Liner thatO 0,014140 le* itailt400* 0,01,4141f in for 1440
Policies in Force • •44,820,363
roctalost 449052 00*** CI* cotes)
ny other 101 inurrogt coffiotty)
Accident and Redd') insurance.
POW
Principal Sum Benefit $1,402,110,601.00
Weekly Indemnity 15,172,026.00
le i
etroriaitart
, Insurance Company Home Office: New York
This Company is a mutual organisation. It has no stock and
no stockholders. All of its assets are held for its Policyholders.
LEROY
FREDERICK, EL ECKERA. LINCOLN,,
Elt*Prololool owl Cameral Como
Prwislmt
HENRY E. NORTH*
Third Woe -President and Manager for Canada
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Growth in TenaYear Periodc.
Number of Life Life Insurance/ Assess
insurance Politie$ in in Force at at End
Force at End of Year Fari of Yet*, of Year
1870 9,331 $13,335,108. $833 91419
, .
1880 117,088 19,167,349 1,947,821.7%
1890 2,099,88/ 255,037,926 10,781,173.01
4906
1910 11,2E48,054 2,215,854388 513,915,17239
1920 24,176,752 6,380,012,514 980,91081.17
13S 44420,04 11,$1011,3$4 3410,021,01M
• Metropolitan. tire Insurance
Company
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Ottawa„ Canada
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