Barrie Historical Newspaper Archive

Northern Advance, 22 Feb 1934, p. 3

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VTHURSDAY, FEBRUARY 22, 1934. 7) C0r.'ci11gem: Reoe \ Unassigneci Funus (Surplus) A110th-er Liabiliti`s . . . w u n o Assets Statutory Policy Reserves . Other Liabilities . . . ` . . . . . Surplus, including Contingency Reserve Insurance in Force Dividends paid Policyholders . . . . Total paid Policyholders and Benecis \, (including Dividends) . . . . . . Total Reserve for Dividends insurance Sn force in Canada ; Ordinzzry . . . . . . . Industrial . . . . . . . Group........ Insurance issued in Canada in 1933 . . (im-lr;Iin_r/ Im.-z'rLc.-s 7`em'ue41 and irwreasetf) President This is a mutual Company. There are no Stockholders. Ordinary . . . . Industrial. . . . . . . Group (excluding increased) T The Metropolitan Life Insurance Company presents figures from its Annual Statement for 1933 and makes comparisons which show how the Company has carried on during the five difficult years since 1928 .;ordance with the Ann uaI Statement filed With the I at end of 1933 Canadian Head Office: OTTAWA HARRY D. WRIGHT Third Vice President and Manager for Canada Y P v , B 4 _ 4 , 1 _ _ _ . _ _ _ A fl T`|..n $45,232,899.00 48,183.553.00 1,809,039.00 $2 $580,219,141 363,058,040 64,936,197` $116,438,139 95,524,241 1,676,474 Serving Canada since 1872" T IIROUGITOt,"l` :1 period of ainiost unparalleled world- wide (1:>prvss'i.'=n the institution of Life Insurance on this continent has furnished an exantpie of achievement that wins admiration wherever it is understood. Between January 1st, 1929 and January 1st, 1934, the Metropolitan Life Insurance Company, which insures the lives of more than 25,000,000 persons--near1y one-fifth of the total -M.1 4L- 'rT..:+.\r1 Q+.,4,m n.-,;,] {n HQ $3,860,761,191.39 $3,358,462,467.00 .-......--. ...-...-.-._v . .- "$3,se9,751,191.39 s71,23s,o03.33 9a.;43e.7se..11 20.,945,239.68 43,J 243,123, _..__. -9-5,236,452.00 CANADIAN BUSINESS The `;\` ;\d\.1n-0 ___.______._____._.._ ianes $1,008,213,378 Home Office: NEW YORK OI IT1OI`e 1111111 4a,UUU,uuu puiauuo uu.u._, \llA\4 ..--.- V- ____ ,, populations of Canada and the United Statcs~-paid to its policyholders and their beneciaries more than Two Billion Dollars ($`2.,0O0,000,000). During the same period, its policyholders contributed, through their premium payments, toward the increase of more than During the year 1928 67,904,719.32 $213,638,854 December 31, 1928 $2,695,475,965.64 16,371,956,002.0`s`- 2,3-74,118,707.00 l61,281,258.71 l60,075,999.93 283,396,831.69 One Billion Dollars (S1,000,000,000) in the assets held for future distrilmtion to themselves and their beneficiaries. After payment, during that period, of more than Four Hundred and Fifty lV Iillion Dollars (S-150,000,000) by way of dividends to policyholders, the Company s surplus was increased by more than One Hundred Million Dollars ($100,000,000). These gures, of one company alone, are striking evidence of the reliance which the people of Canada and the United States place on the security and protection of life insurance. Life Insurance is the most effective and satisfactory means of providing for the future of one s self and one s dependents. Investments in Canada . Dominion and Dominion Guaranteed Bonds . . . Provincial, Municipal, Provin- cially Guaranteed and Mu- nicipally Guaranteed Bonds All other investments . . . Policies In forge in_Canada . . (including 36,581 group certificates) I\...I2..A UHCLILUITLQ 00,001 gluup U61 LLJ H.ubU-`/ y 0 0 0 u 0 I o o Industrial . . . . . . . . 2,215,006 Group (certi sates) . . . . 36,581 Payments to Canadian Policyholders in 1933 Liabilities Stattitory Policy Reserves Reserve for Dividends payable in 1934 upon Industrial Policies Ordinary Policies . . Accideni and Health Policies Life Insurance in force Ordinary Insurance . . . . . Industrial Insurance (premiums ;1,I _\ Paid-for Life Insurance Issued, Revived and Increased in 1933, .`3,174,994,4.75. Ordinary, $l,583,3G0,75){;; Industrial, 3-1,505,470,423`); Group (excluding Increased) $83,223,330. Accident and Health Insurance in force Dividends Paid to Policyholders to date plus those declared for 1934 . 2 New York State Insurahce Department) ALA. vau u; AL/:5 _-.-.... .-._ ...__- _ -`,,, p -ayable weekly or ;n<;:1thlyZ)Z Group Insurance . . . . Total Insurance in force Policies in Force (including . 1,352,614 Group Certicates) Principal Sum Beet Weekly Indemnity . During the year 1933 101,790,536.56 December 31, 1933 $3,860,761,191.39 Assets 18,802,984,81S.00 3,358,462,467.00 216,175,691.68 286,123,032.7l 5'.72,679,580.85 All of its assets are held for the benefit of its Policyholders. Vice President and General Counsel $51,200,019.77 lll,459,189.( ;9 83,574,198.71 Increase in Five Years $1,l65,285,225.75 Total for Five Years 450,608,045.72 LEROY A. LINCOLN Income in 1933 . . . . . . Increase in Assets during 1033 2,431,028,816.00 2,319,:s59,211.7o, 984,343,760.00 54,894,432.97 12(),047,032.78 $246,233,408.08 $1s,s0Es4,81s.oo $9,936,236,416.00 s3q,75s,733.92 $1,213.(12Z,7C~f).{)0 12,53i :,918.00 6,-124,469,056.00 2,442,279,346.00 --_-j. $918,-172,210.17 Note ~'I`hu valuus used for stocks and for bonds not subject to ra:`.1:`tz::ti011 are those furnished by the NzIti0n.:1 (.`v.mv0nti(;n of 1'r`..~`,m`;`v`.co` (2<)mn1?.`:;Fm1L-1'3. 071. the basis of market values, as of l?eL`erni)e1` $1, 1933, of stocks and of bonds not subject to anmrtinxticn. the 'l`0`ra1 Assets are $3,.`%37,723,706.2l, the Conii.ng,ency Reserve $1"),`;`62,5l-1.82 and the Utvassignxed Funds (Surplus) $243,123,032. .'1. 2,648,986 41,669,510 FREDERICK H. ECKER METROPOLITAN LIFE INSURANCE C013/i?ANY\

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