The Goderich Star, 1937-03-11, Page 7.r" Ylf:.»tw, YY4 -er• d;t �U�•l#AMify.iiS�i! eY«�cn' c'
� lllt?ktic►► ttt1 *1d-ec!>IUnei ,
rt t'lee..tetl 1m thte ,l'e out of t1u M t . -
1r lll;afl l4fe ►sti au,+ VoCttll.
every fifth' i` i' ,dn' 1i1 C4-
, the t,'nited, States beyltt ltt may+{
iia] k' il Iu th s nn ttl•ttl. >a Lunt
idle(* ", t1 > t rats, itai>{(l' + ll e> r
3iu9inm., is o[atreht .in .1„he..
. ttfit*ra1 stittteini fit ylre1.ea l'
'► 9. . tet.. fr1e !
0
4
Life:
Ord nary
industrial
Group
Total. •
•
• ••
•
•
•'
•
$10,806,871,4701_00
'71i75,974,709.00
.► .3,238,129;605.00
•Y $21,310,975,784.00
Accident and Health Weekly Indemnity
•
08s4-76 Group -
'Certificates) •
:
Accident :and ,Ilealth (including 979-,343.
Group Certificates)
ASSETS AND. L!ABIL!TIES
•
• • $4,494,761,772.24
•
3,920,990,791.00
$17,238,71.9.00
•
42, 990, 980
In
Assets . .
1,206,808
Liabilities
Statutory Policy ,Reserves
Dividends payable to policyholders
in 1937 .
•
Other Liabilitieg •
Contingency Reserve
Total Liabilities
•
Unassigned Funds (Surplus)
•
•
•
• •
• •
•
•
101,581,.144:00
145, 705,169.55
48,000,000.00
$4,216,277,104.55
$278,424,667.69
1
Ordinary ' •
Induistr'1a1 . 1 • •
Group
Total.
•
. tp
•
•
• •
•
o 4e`F ved--a-id---increase4..-r,---_,
- H
..T.�•I. .OapuV,.lMuµna>p.r..Y1�t Lw
Paymentsi o.Betieiiciaries
and Policyholder's:,
Death Benefits
•
OltherPpyr7 en:ts_to Policyholders
Total Payments . . •.
•
$1,114,803,062.00
1,009,049,516.00
142,020,543.00
$2,265,873,121.00
• $164,916,631.02
$346,227,175.39.
- $5111143;806,41
BUSENESS IN 1936 (DAILY AVERAGES)
•
Life policies issued and revived per day .
Number of claims paid per day .. . .
Life insurance issued, revived and increp..sed
per .clay . ▪ . . $9,818,422.00
• 17,284
2, 344
Payments to beneficiaries and policyholders
and addition to reserve per day .
Increase 'in assets per day, .
•
$2,450,561.00
$857,753.00
-Life Insurance in farce In Cama at end of 1936 $1,065,096,301
Ordinary . • . • • • $592,861,421
Industrial . • • , . • • , 394,164;913
Group . . . . . . • . 70,072,947
g
INIfrar Life insurance isttaledIn 'Canada in 1936'. . S138,149,096
1.11.`.In: w revlv.dt and Increased In Canada
- fish .i; • er • • • ? , • • ..• . 0 0 0 • S36,230,807. .
kkitilniiirldta.madi tit, Canadian -policyholders in 1936
a►ithfoRtt addiitio00li* • • ' • 319,. .0
Itealthpolilleations dl*ti1bt tted,,In Canada in 1136. • 4,319;000
4111.
Investments in Canada . • . •
Dominion • and Dominion Guar-
anteed Bonds . • • • . •
Provincial Municipal, Provin-
cially, Guaranteed and Muni-
cipally Guaranteed Bonds .
All .other investments . . •
. . $270,965,606.51
569,497,116.84
$112,728,585.78
588,739,903.19
Policies in fares 1n Canada . : • • . • • . .2 649,677
(includ h9 4t1,880 group certificates)
Ordinary . . . . -. . -
Industrial . • • • •
Group (certificates) • . • . •
406,732
2,200,065
42,880
Payments to Canadian Poelicyholders in 1936. • S28,592,050.05
The• Metro iolitan :is a mutual organization. Its assets' are held, for the benefit of its .policyholders,
and any divisible .surplus is returned to its policyholders in' the form of dividends.
* .* - .* , " * •*
Approximately one-fifth of the people of Canada and, the United States
are .now insured in the Metropolitan, many having twoor more policies.
ETROPOLITAN1 LIFE INSURANCE COMPANY
FREDERICKH. ECKER
• 'Chairman of the Board
n
Horne Office: ,NEW YORK
Canadian HeadOffice: OTTAWA
HARRY D. wrrrc1174
Mr"i°i'g ATP 'lli3"1 d t-
�cand teu���xers�itfl!a�r'ir -.-
LEROY A. LINCOLN — -
President
4,
tta ttAxre xrlitau • i•1ft by uvt r�
bl Illbn dollars during 1980 to 10.'00 .14
oaf
$21,310,970,7$4 -•M». tlter Ia+tgeSt
amount of life insttranee ova.'"
force In any company. Polleyho1 m
of the ltietrop tlLtnn.. and thehr
bc'nefielaat'Les revolved In 10 for
the fifth successive year -pier belt &
billion dollars as payments wee
policies -4- over one hundi l° dfl ;
:dollars _will ,. be _ returner t> r _- _
during 187 us dividencla on°thtrlatr
polteles w-- au sets Inereased ir►4`>tt
lay g'-",59.5 15.1,2 to a totni �f 4,4
701.772 and, satisfactory .per -
is reported in: all. departmental
the company.
11AR1Z1 D. WRr(r1T •
,grand i iec-Preside►it and alt mage '
fw ('a nada, Metropolitan f.4f&
I t 1 fratir+e d'rnopany, •ar.ho reports-
ry cu.sced investments is the lUvrni.cr L
•
ec and Vice -President T1 trry to
1'•rlt;ht, 'Manager for cumuli', con-
tneir,t:n}; ontilee'atnnrllun business dor
the -eo nt►nn,%, stated that it thr
i nnulnlun alone, payments to politl.
ite,►l(le•rs and their beneficiaries Ilei'
ltt:t(1 totalled $28,,52,050. Ile addet
that life insurance companies IL
r'anaila during the last five yeses.
had distributed .to the people of the
10nru•irtlon over $100,000 per dal;..
which Uinta rates the very rat
measure of security, afforded tbsril
('anadiatt* through life insurance -
'rhe Company's total of life Yah•
suranee in force in Canada hati.beets
Increased to $1,005,090,301. Ott th1
• amount $7192.8k11,421 is In' the .0e-
dinaary Department, whielt ismer
poltetes of $1,000 and upvt"t ',.
$78,072,947 Is in the (.Troup Depart
'neut. Insuring groups of employs;
and $394.l01,933 is in the Industries
Iii pnrtment, premiums being pail.
weekly or monthly.
:Metropolitan continues Its welfare
work, and In Canada during tics
past year nurses made 379,000 %Ube
to homes of Company policyh
while .4,319,000 pieces of alterative
were distributed In the liner i' C
wider education on health stibjeetS.
Mr. Wright reported teat Ift1244.
poli'tan inve sttnuenta In the ikanintssii
Increased during the year'te.a
of ' $270.965,607, and than I
major aspects of the business kx,
c`.anada the year 1936 was wait
satisfactory.
Referring to the Company's t
business In (Canada and the 10
States, the year's report Oho** +n
gain of life insurance In force 'se
$1,(181.62(3,2+08. This gain iii refiertee
in all . departments and represents
�poltttf In the- histoiy--o't the
(,,►mpanyp ace tritai--inseCftiee-=$ar
force Is n<rw $21.310,977).784, ' sit"
which 51 % or $10.ff ,871,470 is chic
the Ordinary Department.' The Is'
etustriait Department has 34°'e tin
$7.175.074.700, aneil (,roup Insurance
nreovnts for 15% va ith as total WI
Acaetq Ill.'renaeel $2719.S99,20A is
1'a',+► and totalled S4,'i`.r4.14t1•772 et19
T►rrre•rirl►rr 31st On 'thls lie
the 'ur f ll urr fnnelP m e rr' $274.434,i961,'
and tie contingency reserve
For flan fifths year, the
Metr.. ,.i 11ton disbar- ed tnore7,d4ltaaatt
1,ait n billion doll.rr.1 °to IN polio, -
1► •I,lera stn'1 hsnotirtarirv' in death
mut,tre'el .'n.lownwnt't. c11�r1-
►ar•nri dlnat►ility benefits and other
Pstt nu nta. Mery than two-thirds Of
tl►r ifrta►) Rade i'"l' tt' living holler-
ho/feters a 1.,4te*tial refutation of
:he '.vin.; tit:„!, In life insurance.
'`nt^ h.a'►►• ter me to twin".
An ;flea of the Nielropolitaa'n
business , an ho conveyed by retro
'Int~ 'orae .•f thou.' rant►aniuretad
a dear',. l'a►.k. For ln�ctaanflge�o, a tlh
chile s e crate of i 'rnents tri t—
ftr'larirps : Fat►It<•gholdNrs;iael!
nelelrtk'n to nti reserve was $2,4.-a0j5sat.
An •aaw•nrnge of 2.344 elating v>rere
paid ec cry chit ' and .every day SEW
an averami of 17.284 life ltts'ur*tt
policies. issued and revived.; alirag
$9.S1.S.42'' in life insurance lewd ,
,T mi
revTvell" ibi.14711W.(1 ' ....-.._,.
Teacher.—"I Have went"- 91*
wrong, isn't it?"
Pupile—" Y'e t, . mem."
Teacher.—"Why is it' +w bng ?"
Pupil.—"Betaustt you ain't r
ye