Show v i j THE E E ENTIRE WEST L t i H T THROUGH i f 1 BENEFITS B H R OUCH i EN I THIS C COMPANY'S yN k A F A few B PR GRESS' GRESS a fl R i fl w J T 1 1 f 1 tj t FINANCIAL STATEMENT IJ J t irl 1 It r J D December b er 3 31 I 1931 1 I r b r r rb r I a on ff J 1 ASSETS T 5 L LIABILITIES I A B I LIT t E S I I First mortgage t 9 10 loans o ns ns Reserves r. r w n OO Colt Collateral la oral loons loan Present value amounts not yet due duo supplementary contracts con con- Policy I Loans t tracts rac t s r 13 02 Bonds Bonds federal federal ral municipal u al public utility rai rails I s and n d in- in in industrial in- in death claim not d al 32 Unpaid claims proofs complete St Stocks 18 Estimated accrued taxes Cash and bank balances balance 0 Other t h er I. I liabilities la bI I 12 00 L J Notes receivable CaDa Capital P stock paid up Interest accrued investments 1524 4 Unassigned g ned funds Net deferred premiums i Surplus to policyholders Other assets 4 I j GROSS ASSETS I Lase L tt Resources Resource not claimed a as Assets Shares OT of stock ou outstanding It tandi an d. d Ig 5 2 12 t Incomplete stock slack subscription notes not included above f. I OUTSTANDING FACTS If t I. I Increased insurance in force to 1 16 They Have nave been boen a real reat factor in the West's up up-buiT 2 Number of life insurance insurance policies ing having an annual payroll including that which in force has boon been paid aid to agents of more than 3 Issued revived and increased insurance thus contributing wholly or in a very large part pad to ance anco duri during g the year year the support of 99 families to members of the 4 4 Premium income increased to medical profession we havo have paid d office 5 Interest i income come supply houses printers and poi business houses hav have havo I 6 Increase in in n capital capita benefited because of by of l' l r 7 Increase in m In surplus su I l' l 8 us patron taxes fazes of I to various age ago were wore paid various taxing Y Favorable 30 o of 8 mortality experience being ex ex- 1 f Un units t s sus sustained t. t alne d rea realty Ity va values I ues in an various venous various CI cities t 0 of f the me d ec t i Y PI et J. J r western states by of rent of 48 payments 1 9 9 I Investments men t s se select I ac t 10 Interest earnings high wes western t ern mU municipalities Iti I s h have ave b benefited ene fit d b by our purchase pur pur- 1 II 1 I. No real estate is owned chase of their securities 80 home own owners HS H'S benefited 12 Purchased added equipment from earnings by loans on favorable terms ten f farmers r received cei ed 13 Bettered agency organization In a 1 s' s I Iti ii oes Jes support on farm mortgages 22 business institutions 14 Promptly paid 17 death claims of f paid paid received capital on mortgages of income producing t since organization 41 death claims property six industrial institutions 7 1 railroads and 1 15 S. S Admitted assets assess to liabilities 0 while other 21 1 public utilities received support by the purchase strong companies approximate of their first mortgage bonds I f ABOUT BOUT INVESTMENTS f The real estate No il loan toan loanis bond investments and all an have an nAn AH r rating rafing ting oar 1 Company owns no mortgage of f our f T AAA to oJ u is made for an amount in in excess excel of 50 0 of the present better bester by Moody with the greater part an AM s' s value of the tho property conservatively appraised by rating r their own Committee All loans are arc made on an amor amortised In appraising collateral loans the market value as of r r tiled basis In four instances principally monthly only Dec 31 sf was taken is there in installment and delinquency payments no installment delinquency has existed for fora a period Thus they stand today today- today today- 9 greater reater than six six months The delinquency represents A public in in services services rendered contributing con con- but of 1 I of the total of in substantial to the West West's u 10 8 l' l our loans in a way up T Tf- Tf Federal and municipal i al bonds bond represent 63 0 of their building financially and industrially capitalized bond investments There Thera is no default in those these investments invest invest- and managed for safety and service service yet s sy sympathetically p ments menus and no delinquency in touch with the pulse of the tho West r Their industrial railway and utility ty bonds represent 37 whom they thay serve servo J OFFICERS and DIRECTORS t i r r 7 President Claire Birrell Mgr Policy De Dept t A M. M Cheney Chenoy t CARL R. R MARCUSEN E E. H. H Gamette Garnette Agency Auditor Lauren W. W Gibbs Coates Coate and Herfurth Consulting Actuaries Ac Ac- Lehi W. W Jones r f Jd V. V Vice Presidents Ice Ice- P resl d en t s s James M. M Peterson Paterson J. J L. L Firmage Heber Nielson Nielsen Charles R. R Spencer t. t AH 4 Attorneys T. T O. O G G. Bates A. A J. J Dean orneys Michael Barclay Ch J Jensen and d M Marr Cheney Chenoy enay ensen an arr r Ch Charles I D D. D A A. Ta T I 1 R Redd dd Taylor ar es e and nd Lowe Y Stephens Brayton WL Sh r WL L. L Sh ck k Secretary and Treasurer Directors Director i L. L M. M Loll Nephi NePi L L. L Morris Oluf Larson E E. D. D Blodgett 1 N s V r s' s Ray H. H Peterson Office Manager R. R L. L Bird Samuel Platt J I Ann Chamberlain reas t l William J J. J Lowe H. H T. T Hodden Hedden Y ft e Dr Geo W W. Middleton Mod Med Direct r Ge George r A. A Ho Holt It I j Herr Harry S. S Anderson r i f f j Ld I 1 Life underwriting a as a vocation is h IS d desirable Agency contracts contracts f. f 1 t tVr may b ba be d n are remu e ai e and permanent Experience r T A policy poly form embracing the latest latest features in In protection il ill II Vr V S rI enco not a requirement though adv advantageous ous u 4 i issued Issued to meet every investment t requirement fir R Sn TERRITORY 1 0 t i a L Licensed in 18 o UTAH IDAHO MONTANA l CALIFORNIA WYOMING NG NEVADA ARIZONA COLORADO J ii I I GENERAL AGENTS H J. J E. E and and Othello Hickman Logan Head Bead Stoker and Mann Iann Ogden A. A M. M Jacobs Roosevelt J. J W. W Nixon Pr Provo vo r J Jess Fox Jr Earl W. W PHarmer Harmer G. G F. F Hickman Gene Hickman D. D E. E Livingston Scott Taggart Lauren W. W Gibbs Salt SaIt Lake City R. R W W. Evans But Butte te Montana E E. E R. R Gustaves Boise Idaho Carl E. E Lloyd Los Angeles California t i I 1 N N. N II Dastrup Las Vegas Nevada A. A E. E Keithley ey Denver Colorado Call or Write PACIFIC NATIONAL LIFE ASSURANCE COMPANY DESERET BANK BUILDING SALT LAKE CITY UTAH h YOUTHFUL GIANT OF THE WEST Y th 1 1 I S y M Mail il This Coupon to Home Office Mail This Coupon to Home Office 1 I t i r I am interested in added insurance io I I. I am m interested d In an agency contract I I I 1 Address Address I I f. f |