Scan 4

Newark City Directory 1875-76, 1875

35 lines. Read by computer on 22 September 2026. No printed page number was found. See the scan on archive.org.

1The Mutual Benefit

2LIFE

3INSURANCE COMPANY,

4NEWARK, N. J.

6ORGANIZED 1845. CHARTER PERPETUAL.

8ASSETS, January 1, 1875, – $30,533,429.94

10LEWIS C. GROVER, President.

11L. SPENCER GOBLE, Vice-President.

12EDWARD A. STRONG, Secretary.

13BENJ. C. MILLER, Treasurer.

15The ENTIRE RECEIPTS since the Organization of the Company have been—

16For Premiums……………………………………… $60,076,428 70

17For Interest………………………………………….. 14,321,092 00

18Total……………………………………………………. $74,397,520 70

20Of this SUM,

2123.1 per cent. has been applied to the payment of Policy-claims by Death or Maturity……………………………………… $17,187,583 26

225.0 per cent. has been paid for policies purchased before maturity…………………………………………….. 3,714,825 66

2322.0 per cent. has been returned to members as dividends…. 16,362,010 85

245.3 per cent. is held as surplus and for the payment of dividends declared, but not paid……………………….. 3,937,622 71

2534.6 per cent. is held to meet future losses and claims…….. 25,724,306 70

2610.0 per cent. has been applied to the payment of taxes and expenses of management…………………………… 7,471,171 52

27Total, (100 per cent.)…………………………………. $74,397,520 70

29Showing that of the entire receipts the Company retain 39.9 per cent. as a re-insurance fund and surplus:

30That 50.1 per cent. has been returned to members or their families, for losses, return premiums, and surrendered policies:

31And only 10 per cent. has been expended for all other purposes, including taxes, commissions, and all expenses of management.

32These results are more favorable to the insured than those presented by any other Company in the world.

34Policies on the Life and Endowment Plan Issued.

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