SEVENTIETH ANNUAL REPORT
 

THE RECORD OF 70 YEARS

The Mutual Life issued its first pohcies on the Istof
February, 1843, so that on the 31st of December, 1912,
it had been doing business lor 70 years lacking one
month.    During this period the Company

Has paid ^ policyholders          -        -        -        $1,066,486,154.94

Has accumulated for policyholders   -        -        -         596,872,780.20

Total benefits to policyholders aggregate        -           1,663,358,935.14

In 70 years it has received Irom policyholders    -      1,471,459,911.20
 

The total admitted assests ol the Company are
$599,125,046.26, so that the amount accumulated for
pohcyholders, $596,872,780,20 is exclusive of $2,252,-
266.06, which latter amount consists of funds left with
the Company on deposit or held for some temporary
purpose (chiefly premiums, interest, rents, etc., paid in
advance). Such items as the latter are necessarily
lound in the admitted assets of all companies, but they
cannot properly be said to have been "accumulated lor
pohcyholders, though they are usually so designated
in exhibits of this kind. The total benefits to pohcy¬
holders in 70 years exceed the total amount received
directly hom pohcyholders by $191,899,023.94.