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Show LIFE INSURANCE RECOMOKEN Metropolitan Had Greatsst Year in 1920 NEW YORK. March 5 The nnnual rejwrt of the Metropolitan Ufe Insurance Insur-ance company on the business of 1920 I shows that the new hualneaa placed on the hooks br ke all previous records In the world. Neither the great amount .f new Insurance taken out, nor the 'percentage of lapses indicate depres-Jalon depres-Jalon in the business or industrial I world. The amount placed In th( jVnited States and Canada was fl.C&l.-&0.151 fl.C&l.-&0.151 which In a gain of more tha.n 250 million dollars, aa compared with the previous year. The Income and assets Increased proportionately, pro-portionately, the income for the year being $263,519,779, and the assets rn;i k -Lng a gain nf $116,019.22 for a total of $980,913,067. Dividends have ln declared, payable to policyholders in , 1921, amounting to $10,819,369, of which , $6.961. 1'61 is to holders of industrial i policies. The number of policies outstanding at the end of the, year was 23.899,997. 1 or about one for every five of the pop- I 1 ulatlon. The number increased In J920I by 2.129.226. Claims were p.tM on 3J2.6?9 policies, an n vera ire oT one every 2 seconds for each buainesa day of einht hours. The amount paid to policyholders In claims, ! matured endowments, dividend, etc.. was $sl.2d7.393. or an average of $566.86 n minute for every buKina lay of eight hours. Croup Insurance amounted I to $214,647,672. The company had invested at the end of the year in bonds and mortgages. $.157,762,045. In 1920 the company loaned and agreed to loan $-.W)0.000, mostly for housing. Th death rate for 1930 among Industrial In-dustrial policyholders was the lowest in the history of the company. The reduction re-duction In general mortality In the lart nine yeara has been, 22 7-10 per ccot. |