3 TT COMEAN
DISBURSEMENT
Total Claims Paid...
Surrender Values ...........
Dividends to Policyholce:
Dividends to Stockholder.
l'nderwriting and Gen. -Expens.
Other Disbursements .
21g X¢
263,80
T2004
rr» i
19,660
1,175
£0
IN
TOTAL DISBURSEMENTS ...............
Excess Income over Disbursements...
COMPARATIVE STATEMENT, As
ASSETS—
Mortgage Loans ...
Real Estate ........._.
Bonds and Secur’ minnie mem.
Policy lL.oans and IV ieee .
Real Estate Sold 'nder Contract.......... ....
[Interest Due and Accrued...............o....o..o......
Uncollected ....
ABN corciserisiim rE RRR re
Other Admitted Assets ....._..
1929
emneeennnrenneennnsa- $3,985,899
... 679,891
816,022
626,483
EEN
265
357
tek
“13
TOTAL ASSET.
LIABILITIES-BeSCIVEe
suuesvigesaiins
Held for Claims Unpaid.
All Other Liabilities
Capital Stock ....
SUrplus coven.
“ontingency Surplus ......
TOTAL LIABILITIES
y
27.629
305,105
§31
£35
=0¢
Lo
0 «A
4"
28
$23,160
“88,899
750,133
00,614
5 159
"aq
€
&
1927
1,027,332
1,065,950
1,880,402
1,246,233
178,” €2
7,658
1,902
61,388
899 208
,003
£706
£729
©,500
7.2149
NORTHERN LIFE INSURANCE COM
HOME OFFICE: Northern Life Tower, Seattle, Wash.
BRANCH OFFICES: 28 branch offices in Washington, Oregon, California, Idaho,
Montana, Nevada, Utah, Colorado and Alaska.
HISTORY: Incorporated under laws of Washington July 14, 1906. First policy
written Oct. 10, 1906. Original capital was $125,000. No promotion expense in
connection with the company’s organization.
KINDS OF INSURANCE: Company writes life, accident and health insurance,
both participating and non-participating. Features a combination policy known
is “Three-in-One,” giving the insured coverage on life, accident and health.
Company also writes group insurance, and bank savings insurance.
PROPERTY: In 1929, Company erected a 27-story tower-type building at southast
corner of Third Avenue and University Street, Seattle, known as “Northern
Life Tower.” Company occupies about 6 floors. Remainder of building rented
for general office purboses.
DFFICERS: D. M. Morgan, Pres.; F. K. Struve, Vice-Pres.: Arthur P. Johnson,
Vice-Pres.; D. M. Morgan, Vice-Pres.; J. H. Sargent, Secy; S. J. Rice, Mgr. Investment
Dept.; E. S. Campau, Agency Supervisor; J. F.. Bamford, Asst. to Pres.;
O. A. Ehrenclon, Actuary & Asst. Secy.; Irving Morgan, Home Office Rep.; Gordon
G. Thompson, Med. Director; Geo. W. La Fay, Comptroller: W. L. Willev, Asst.
Secy; Geo. L. Jacobs, Educational Director.
TRUSTEES: J. W. Maxwell, M. A. Arnold, Moritz Thomsen, Reginald H. Parsons
O. B. Morgan, Arthur P. Johnson, F. K. Struve, Henry A. Kyer, D. M. Morgan.
Fiseal Year Ends: Dec. 31. Annual Meeting: 3rd Tuesday in Januarv,
Number of Employes: 1,000 Number of Agents: 500.
Par Value Authorized Outstanding
emee-- 100 $250.000 £250,000
Dividends: Paid semi-annually Feb.
and Aug. 5, as follows: 1912, 3 per
cent; 1913, 6 per cent; 1914, 8 per cent;
1915, 8 per cent; 1916, 8 per cent; 1917,
4 per cent; 1918, 4 per cent; 1919 to
date, 10 per cent per annum.
Provisions: Charter provides that
dividends on common stock from participating
insurance be limited to 10%
in any one year. Washington laws
provide that capital stock may be assessed
up to 100% in case of financial
smergency
