PM; Two ‘rat cannons-row»: GUARDIAN

sun - LIFE - ASSURANCE -COMPANY - oF

A BILLION D

or LIFE ASSURANC

rri E '11 Q 7° n m

1 9 2 5 ASSURANCES IN FORCE (net) -

An Increase of $149,460,000

New Assurances Paid For - a - An Increase of $56,011,000

Total Income - - - , - - An Increase of $6,901,000

Payments to Policyholders and Beneficiaries 35,441,000 219,239,000

10.000.000

28,040,000

s1,021,097,000 $193,477,000

g09,147,000

Total Payments Since Organization - y Reserve {or Unforeseen Contingencies

SUfpIUS over all Liabilities and Contingency Reserve - An Increase of $6,532,000 i

ASSETS‘) at December 31, 1925 1 -

An Increase of $28,925.000

303,056,000

Policies in Force, Excluding Group Policies - - 411,492 Employees of F irrns Protected by Group Policies _ 42,755

Dividends to Policyholders increased for sixth successive year

EXTRACT S FROM DIRECTORS’ REPORT

Your Directors present the fifty-fifth annual report for your approvai.

The Company's alalfimtfltfii have for years reflected its constantly increasing expansion and prosperity’, but this year marks an epoch in the life of the organization. It has now passed the Billion Dollars mark in &assiuil'zm in force, the amount after deducting reassurances being $1,021,-

. . . . Applications for new assurances have been the largest inour history, aggregating 322053452657. The new policies paid- for numbered 57,944, for the amount of $l.‘).'i,477,057.26, after deducting amounts re-asured. The new business for the year exceeds the total amount of business the Company had in force only thirteen years ago. '

.. . . The gratifying evidences of growth and expansion ‘exhibited inthe

important being an increase in the dividends paid by some of the corpora- tions in which the Company has substantial stock holdings. _

Even more important than interest yield has been the advancein the market value of our For many Yfififfl We have 51399411931 m long term bonds and preferred and common stocks of outstanding corpora- tions, both in Canada and in the United States._ We are now reaping the rewards of this licy. On actual sales of municipal debentures andother securities which d risen to high premiums, we have realized a net IJFOfiI of $2,215,772.41, while the increase in the value of securities still held has been much greater. _

The profits earned by the Company during the ear. based 0n the increase in the valuation of our securities as made y thegtlvfirnmen! authorities, has been $1,666,284.61 We have not thought it wise, however,

accompanying statement] we paralleled in regard to stre and profitable- to take credit for this entire amount, and . . . . have made’ a deduction of ness. otwithstanding the general decline in interest rates, the Company $3,000,000 from the official valuation placed on our asets. We have, more- been able not merely to continue, but to slightly increase its record in - over, added $2,500,(X)0 to our Contingency Accounts, bringing these up to a

this connection, the rate earned during the year on the assets having been 6.41 per cent.

Several factors have contributed to produce this result, not the least

F [lowing ' ha tte o . rom total of $10,000,000. _ fi $750 000i ‘the bgok vdmtglfotiigfiqegedmghdefinlvlfmiliiiznzs. 33d other real estate-

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We have also, by setting aside an additional $350,000. lllrlllflf Qmmglh‘ ened the special reserve to provide for possible greater longevity mnollg aiintiitants, bringing the total amount under this heading "P 1° 515100900 in excess of government requirements.

Durin the rear we have paid or allotted 37156333435 35 DY°fil5 i991": policyhol ers. After deducting this sum. and the accretions to shaigitoidetrs account, and making the foregoing heavy aIIocatIOnS. We have Yet ll 4 l? to add 86.532542. 75 to our undivided profits bringing lheomlal SUPP“? UV" all liabilities, Contingency Accounts and Capital "l? l0 $—8-540i()00>-b9-

For the sixth consecutive year we are able to announce an increase in the SCitlC of profits to be distributed to our policyholders i" the ensuing year. _ _

. . .. To provide for the expansion of our business. it has been 1166988111‘? to make an extension of the Head Ofiice building. which has now been completed, and u ill be formally Opened 0n the d8)’ "l 011T Initial Electing. The building is devoted exclusively to the use of the Company, but it is already evident that we must at. 0110B Pfovldli {OT fun-her 511M89- ment.

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SUNLIFE ASSURANCE

COMPANY

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