PM; Two ‘rat cannons-row»: GUARDIAN 
     
    
   
   
    
       
     
    
   
   
    
     sun - LIFE - ASSURANCE -COMPANY - oF 
     
    
   
   
    
       
     
    
   
   
    
       A BILLION D 
     
    
   
   
    
     or LIFE ASSURANC 
     
    
   
   
    
       
     
    
   
   
    
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     '11 
     
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     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- 
     
    
   
   
    
     -'_<_.u- um- 
     
    
   
   
    
     1'. 
     
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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 
     
    
   
   
    
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