Salt Lake Telegram | 1930-12-12 | Page 28 | Life Insurance Asset Jump in Year Predicted

i A a s M Mi the 1 nir tJ t J w 1 t i I P f I Near Nearly N Vf Twenty Billion in inI 35 I Investments e tl Seen een i for 1931 I YORK TORK K D Dec 1 12 AP P-Ad- P Ad- Ad n of ot to the assets as assets as- as sets sets- 8 b t te insurance tiis ran o companies compan es In States Stites th this s. s car r. r despite c cI I tho business depression was s forecast fore tore cast at t i t today itI by Walter WAUer X L. L Crocker I president of ot the he John Hancock Mui Mu Mu- i ifo t i tite Insurance company 0 of Boston Roston before the Association of I tire Life Insurance Presidents turn sum he said he Mid ald will brinG total 1 in investments n of at tho the companies to toI I at the end nd of ot tho the I I Y year r. r I ASSETS TRIPLED The assets at the end of this he declared will b be double those held seven en years year ago and willbe will willbe be to more than three times i 1 the Meet asset held at al the tue end nd of ot 1317 1917 v The figures ho I he presented les were of ot two fifty compiled in a It survey companies representing 1 per pec percent I cent oC of the total assets of or all United States J legal sat r reserve ser life insurance e con comp companies u es Real Ren tat mortgages cs representing represent represent- ing InS the leading investment Medium p Q of life Ute insurance companies cOmprise com prise per cent of ot their total assets lie he said Bald a aggregating aggregating- g eg 6 6 Bonds Donds and stocks stock vitha a n. total total-of or per percent percent cent are second in investment nt tin tin- Tie Tle exhibit Crocker summed up it itan b a an assurance r. r were an any needed ded that h t th tl 6 Rinds t of the life Ife Insurance I e companies arc ago stable stable- life to o the highest degree decree