EXHIBIT XVIII.—INCREASE IN ASSETS, LIABILITIES AND SURPLUS.—Continued EXHIBIT XIX.-NET ASSETS AND RESERVES. Showing the Reserves and Net Assets, less capital, of the companies on January 1, 1904, in comparison with similar items at January 1, 1903. EXHIBIT XX.-ASSETS AND LIABILITIES. Showing the Assets (less capital) and Liabilities of the several companies at January 1, 1904, in comparison with similar items at January 1, 1903. 66 Northwestern Mutual. Commenced business in 1903. 4,036,658 3,967,650 57 + Including tontine fund in surplus makes ratio 123.02 for 1902 and 121.08 for 1903. See capital stock column in Exhibit I. c Includes accident department. d Reorganized in 1903. 66,067,863 61,468,186 61,651,214 12,668,204 11,844,765 11,805,775 10,196,359 9,576,225 9,608,117 57,015,429 48 11,029.353 8,907,404 49 49 1,072,729 1,009,258 960,787 821,774 24 5,885,413 5.548.512 5,094,729 4.774,215 50 4,565.977 4,383,157 3.953.539 3,691,649 3.491,490 2,016,091 1,962,700 17,011,162 16,281,146 15,699,212 14,928,363 178,200,625 172,211,657 165.141,239 159.663,608 16,324,726 16,419,579 15,808,480 54 1,775 514 1,582,613 66,516 64.826 4,811,287 44.530 43.830 59 |