Business & Finance: Life Insurance

The annual statements of the leading life insurance companies reveal an unusual expansion during 1923. Metropolitan Life, the largest, wrote $2,359,034,859 of insurance—more than ever written in a single year by any company. Of this huge total, $1,066,984,741 was in larger policies, $912,366,542 in industrial and $379,683,576 in group insurance. Total insurance in Metropolitan's books now amounts to $9,238,254,068. As of Dec. 31, 1923, the company's assets totaled $1,431,399,418.

The Mutual Life Insurance Company of New York, which is the oldest legal reserve life insurance company in America, reported 1923 as the greatest...

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