Evening Star Newspaper, February 16, 1926, Page 16

:G i 'THE_EVENING STAR. WASHINGTON, D. T, TUESDAY, FEBRUARY 16, 1396. » & SUN - LIFE - ASSURANCE - COMPANY - OF - CANADA A BILLION DOLLARS | OF LIFE ASSURANCE IN FORCE | 1925 ASSURANCES IN FORCE (net) - $1,021,097,000 An Increase of $149,460,000 New Assurances Paid For $193,477,000 An Increase of $56,011,000 : ‘ | ST : Total Income - - 69,147,000 An Increase of $6,901,000 K Payments to Policyholders and Beneficiaries 35,441,000 Total Payments Since Organization 219,239,000 | Reserve for Unforeseen Contingencies 10,000,000 |SEEEEE S, : : ' 28,640,000 Surplus over all Liabilities and Contingency Reserve - An Increase of $6,532,000 ASSETS at December 31, 1925 An Increase of $28,925.000 303,056,000 Policies in Force, Excluding Group Policles - - Employees of Firms Protected by Group Policies 411,492 42,755 Dividends to Policyholders increased for sixth successive year EXTRACTS FROM DIRECTORS’ REPORT Your Directors present the fifty-fifth ammual report for your approval. The Company's statements hnva for years reflected its constantly increasing expansionandrowmty ks an epoch in the lfe of the organization. thaamwpamedt{:aer I.):hals:k amsurance in force, the amount after deducting reassurances being $1,021,- - . Applications for new anumm have been the largest inour history, aggregating new policies paid-for pumbered 57, 944 for the amount of%da 477,057 26, after deducting amounts re-assured. Th for the year &xetcta]anmtofbudneslfl:Compmy hadmfman!ymmanymw . The gratifying evidences of and exhibited in the accom g statement] are paralleled in regard to and profitable- ness. Notwithstanding the general decline in interest rates, the Company has able not merely to wntmue, but to slightly increase its record in this connection, the rate earned during the assets having been 6.41 per cent. Several factors have contributed %o produce thie result, not the least year on the mean invested important being an increase in the dividends paid by some of the corpora- tions in which the Company has substantial stock holdings. $3000000fromt1nofiaalval\mtxonplamdmmxrusem Wehave more- to our Contingency Accounts, bmmngmeseuptoa Following the practice of recent written off $790,000-from o oo oo o Fload Ohoe aos Breioth B g, and o v ctade. We have aleo, by setting agide an additional $350,000, further strength- ened the special reserve to provide for possible greater longevity amon, annuitants, bringing the total amount under this heading up to $1,100, 008 in excess of government requirements. poh flmfiarmhnflmnaaflcmmfm"&%umofitstow this sum, and the accretions to shareholders’ mk% heavy allocations, we have yet been able to add ss. to our pmfitsbrmm the total surplus over liabilities, Contingency Accounts and Capital up to $28,640,000.69. For the sixth consecutive year mabletoamounuanmm in the scale of profits to be distflbuted to our policyholders in the ensuing year. . To provide for the expansion of our business, it has been necessary tomake an extension of the Head Office building, which has now been completed, and will be formally opened on the day of our Annual Meeting. The building is devoted exclusively to the use of the Company, but it is already evident that we must at once-prowide. for er enlarge- ment. SUN LIFE ASSURANCE COMPANY OF CANADA - DISTRICT OF COLUMBIA DIVISION Manager, O. B. Drown, 524-6 Transportation Bldg., Washington, D. C.