The Goderich Star, 1932-03-10, Page 8rpripprir•Rr4g,T.'"-
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VIE GODE
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ItitttOttitY, Iiithelt pith,Lid
eeting the Test
,, Life Insurance, the great stabilizer
of human welfare, carries on
pEACE 'OF MIND, With which to, face the,
meant. more than it means today., These .are
present and plan for the future, never has
trying times. It is difficult to. believe that anyone
has escaped the effects of a world-wide deflation
of values, contraction ofenterpriie, social. change.
That life insurance companies, during the past
.year, have been able to show an increase of
insurance in force is indeed a tribute to the
, highpurpose which these institutions serve.
It indicates a growifig national consciousness
of this reliable form of financial protection.
Life insurance is, in a real sense, an investment
in peace of mind, with interest payable in future
Growth in Ten -Tear Periods
. (position at End of Tear)
Insuralwe
Policies in Force ootstatufrag Assets
141 11,00 1.14,A99,az tit ,ia47o6. .7s
298 ,87t g7,828,058 .1107$304V.OS
18014,g81. .2,j8,1407;708 13,0,9is.21
toz 64,94;sa? 1,076,077,10.f. 74,111 ,748.0
113'11 1;1,007,108 A000,878,087 4;15a,0181477,00
19g110,846 7,0a; ,767 ,8i3O 1,116,0801024.114
1$31 44,620,010 10,4474434, 3,500,115.653.72
. .
-- — 4 —,
E.,...
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comfort. .". It paves the way to education; to
replacement of earning power cut off by death;
to establishment of credit; to liquidation of
indebtedness; tcrestate creation to these and
other family or business objectives.
. f
Metropolitan Life Insurance policyholders,
representing about one-fifth of the populations
of Canada and -United States, should derive
deep satisfaction from the accompanying state-
ments of their Company. It must hearten
them to realize .how sound their life insurance
protection continues to be.
Financial Report to Policyholders for Year Ending December 31. 1931 °
.(111 accordance with the Annual Report filed with the New York State Insurance Department)
Assets . . . • . $3,590415,653.72
(Larger than any other financial ittititatiott in the world)
Liabilities
Statutory Reserve $3,085,308,878.00
Reserve for Dividends
payable in 193z upon
Industrial Policies $47,463,634.00
Ordinary. Policies 52,406,629 69
Accident and
Health 'Policies 2,530,500.00
Total Dividends 102,400,763,69
All Other Liabilities . 175,135,774.51
Unassigned Funds . . 227,270,237.52
reln •1•1 I: 653 71
4,err St et of bonds cod of *as not aimed ,?0,juv
to antaqteat ton, tior to'atastscts
0:0 $8,htt 0719,01.0.4 . •
<Inathttozot10304 IWO t. ecos,sse47504 -
Income in . . . 907,093,87L37
Increase in Assets during /93i 280,093,835.55
Paid for Life Insurance Issued,
Revived and Increased in
tgsr. . . . . . 3,430,199,381;00
(Excluding Iticieas‘`on'Oroup Policies)
Total 13onuses•and Dividends
to Policyholders from 1897
to and including I932. • . $723,377,180.89
Life Insurance Outstanding
Ordinary Insurance . $9,848,994,131.00
Industrial Insurance (premiums
payable. weekly or monthly) 6,822,317,171.00
Group Insurance. . 2,776,032,647.00
Total Insurance Outstanding $19,447,343,949.00
(Larger than any other life insurance company in the world)
Policies in Force (Rawlins
k4gx,98x Group Certificates) ; 44,520,810
(More than any other life insurance company)
•
Accident and Health Insurance
Outstanding
Principal Sum Benefit . . 81,519,460,528.00
Weekly Indemnity ": „ 14,969,413.00
—Ca:nadian Business
insurance in force In Canada at end of •
031.$1,036,135,928
Orklinati.°— • . • ....... a/56 oh?
Industrial ..... 39489;651
Group .. ..... .. 72,44220 `
Insurance issued in Canada 101031. 224,143,789
(Includes business Teritvd and increa§;(0
Ordinary $128,227,491
Industrial— „ 89,853,099
Crop ; „ 0,663,1)6 '
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Investments in Canada.... . $2310030,523
Dominion Government -1
Bonds , „ 42,713,524 ^1
Provincial and Municipal , '
Bonds .109,271,623
All other Investments79 051 376
• • • •
4Policies In force In Canada . .2,824,001
(Including 42,628 group certificates)
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POY111011t$ to Cafladiafl Poitcyhoiders
in 1031 ; 22,632,607 •
.11
CANADleiN IiD OITICE: OTTAWA
0
r
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Daily Averages in .1931
2,177 per day, Claims Paid.
18,959per day, Policies Issued and Revived.
$11,320,790 per day in Amount of Life Insurance
Issued, Revived and Increased.
$2,226,280 her day in Payments to Policyholders
and Addition to Reserve.
$924,402 per day in Increase of Assets.
ETROPOLITAN LIFE INSURANCE COMPANY
FREDERICK H. BOXER,
President
This Company is a mutual
9
Canadian Head Office OTTAWA
HARRY D. WRIOHT
Home Officer,
NEW YORK
a
Third Viee,President and Manager for Canada LEROY A. LINCOLN
nistion0 it has no stock and no stockholders. ALL of its
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eff
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ViceTresident and General Counsel
ets are held for the benefit of its Policyholders,
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