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THE ATLANTA GEORGIAN AND NEWS. THURSDAY. SEPTEMBER 29. VXTr. FORTY MILLION DOLLAR JUBILEE! The Anchor of 12,000 Southern Homes Solid as the South TO THE PEOPLE OF THE SOUTH:- i With $40,000,000 of first clsss insurance on the books of the State Mutual Life Insurance Company of Georgia the South now has a mutual, legal reserve company fairly abreast of Eastern competitors who are clamoring for your support on the ground of their safety based on size. This company, a mutual organization, is owned bv its policyholders. It will always be a Southern company, as the control cannot be wrested from the 12,003 Southern policyholders and passed onto Eastern interests by a simple stock transfer. The unu uai success of this company has made it a shining mark for criticism. Eastern companies see in it the elements that will ultimately make it an instrument in retaining South a large proportion of the $55,000,000 of premiums that for many years have gone annually to Eastern life companies. The State Mutual is retaining $1,500,000 of tint money home this yesr. In the task of establishing a mutual, legal reserve compiny— not a small financial undertaking—the management has been successful by clean methods. Started propitiously during the Investigation in the east, and supported by the loyalty of the Southern people, the company has written only safe policies, and it has been conservatively managed by its directorar*. Without the desire of Southern people for a mutual, old line company the State Mutual never would have reached its present size and strength. I be lieve that Southerners who have enthusiastically enlisted with us bare reason now to congratulate them- selves on having done well for themselves and their country. Remember these facts of the State Mutual Life Insurance Company: Its investments arc made under Georgia laws that permit reserves to go only Into state, county and municipal bonds, and mortgages to half the value on improved and unincumbered real estate. It has $100,000 (market value $120,000) of Georgia bonds deposited with the State Treasurer. It has never violated a law of any state or a regulation of the comptroller-genaral of Georgia. Its investments draw the good rate of interest that Is pissiblc in the South. It is a plan of the State mutual Life to distribute profits annually among policy-holders rather than accummulatc a large surplus by discredited tontine methods. On the second birthday of the State Mutual Life as a legal reserve company I congratulate the policy holders upon the institution they have built up for themselves and the South, and Invite anybody who reads this public letter to show cause why he cannot profitably secure Insurance from the State Mutual Life of Georgia if he requires life Insurance In any form. Very sincerely. Rome, Ga., September 26, 1907. ON OUR SECOND BIRTHDAY! Two Years Old September 26th— Holds World’s Record for Growth! After paying fixed expenses for two years, the State Mutual has written an amount of insurance that cost other old line companies fixed expenses for twenty years. In regard to the economy of writing insurance in large volume, “Mutual Interests/’ published by the Mutual Life Insurance Company, of New York, says: “The greater the relative amount of new business! the smaller the proportion of impaired risks, and the more nearly the company will ap proach to the ideal condition—the status of first year—the condition when the company was composed wholly of sound lives. . Aside from the question of safety, to approximate such a condition means a low death rate and a heavy saving from mortality, and that means large dividends.” This Table of Figures, Taken From the 1907 Year Book Published by the Spectator Company, Shows the Number of Years Required by Various Old Line Companies to Acquire $40,000,000 of Insurance: Years Spent in Acquir- Company. >ng $40,000,000 of Insurance. State Mutual Life of Georgia 2 Equitable Between 7 and 8 State Life of Indiana 9 Prudential - 10 Provident Savings .* Between 12 and 13 Fidelity Mutual 14 Aetna Between 15 and 16 Metropolitan Between 16 and 17 Security Mutual of New York 17 Mutual Life of New York.... 18 Manhattan ' 18 Phoenix Mutual 18 Hartford Life 18 Mutual Benefit Between 19 and 20 New York Life .■ .....Between 20 and 21 Travelers 23 Union Central ; , 23 New England Mutual Between 23 and 24 Germania of New York . 2C Washington Life .28 Michigan Mutual 33 Massachusetts Mutual 35 Pacific Mutual 35 Home of New York 36 Penn Mutual 36 National Life of U. S. A 37 National Life of Vermont Between 40 and 41 The Condition January 1, 1907, of Companies Which Have Not Yet Written $40,000,000 of Insurance: Name Age (Years) • Insurance in Force Franklin Life 23 ..... $33,465,050 Citizens Life of Kentucky 3 .... 19,178,500 Philadelphia Life... 2 17,439,516 Missouri State.-. *15 ...... 15,122,237 Reliance Life 4 10,905,918 Security Life 5 10,764,978 Meridian of Indiana 9 8,296,441 Volunteer State Life .... .... 4 8,022,000 Southern States of Alabama ..... 1 2,255,000 State Mutual Gains As Shown by Official Statements Filed with the State of Georgia, According to Law. The Last of These Shows Condition of Company On June 30, 1907. Total Net Surplus on June 30,1907.. . .• $139,744.48 Total Net Surplus on December 31, 1906 .. .. „ 128,279.52 Showing a gain of net surplus in Six Months of 8.93 per cent. Reserve for Policyholders, June 30, 1907 $811,593.95 Reserve for Policyholders, December 31, 1906. 431,303.42 Net Assets on June 30,1907 $959,611.75 Net Assets on June 30, 1906.. .. .................. 400,198.41 Gain of 139 per cent. Insurance in force June 30, 1907 $37,867,894.00 Insurance in force June 30, 1.906,. : 10,664,821.00 Gain of 255 per cent. Interest receipts first six months of 1907 $18,017.59 Interest receipts first six months of 1906 12,409.12 Gain of 45.2 per cent. Total income first six months of 1907 $942,412.47 Total income first six months of 1906 380,409.59 * Gain of 148 per cent. Insurance issued first six months of 1907. $18,376,180.00 Insurance issued first six months of 1906 8,536,821.00 Gain of 115 per cent. Policies in force on June 30,1907 , 11,744 Policies in force on June 30, 1906 .- .......... 3,699 Gain of 218 per cent. Amount paid to beneficiaries since organization or now held to their credit $1,283,948.22 STATE MUTUAL LIFE INSURANCE CO. C. R. PORTER, President HEAD OFFICE, ROME, GEORGIA