Excerpt from The Metropolitan Life Insurance Company: Its History, Its Present Position in the Insurance World, Its Home Office Building and Its Work Carried on Therein

The record in the growth of business in the Ordinary Department since 1891 is evidence of wonderful results in the number of policies and amount Of insurance, and when it is added that this business at the end Of 1907 represented annual premiums amounting to more than and that the reserve liability reached the enormous sum of some conception can be had of the results of the labor in this Department during the sixteen years ending with 1907.

In 1879 the Metropolitan was toward the rear of the insurance army. During that year there were thirty - two companies Operating in the state of New York, and the Metropolitan stood number thirty-one in amount written, number twenty-three in total income, and number twenty-two in amount of insurance in force. Of the thirty - two companies alluded to above, four have since dropped from the list, and eight new ones have been added, so that there were thirty-six companies authorized to do business in the state in 1907. Many of these companies were strong institutions in 1879, with agencies firmly established, and doing a thriving business. There were giants among them even at that early day. He would have been a bold prophet who at that time would have predicted that in fifteen short years this modest company would force itself ahead, and occupy the very first position with respect to insurance written, and the fourth with respect to income and amount of insurance in force. Yet these were the respective positions of the Metropolitan as far back as 1894 and maintained each successive year with respect to insurance written, and it now occupies second place with respect to insurance in force. During the year 1907 the Metropolitan wrote more insurance and gained more insurance in force than all the other New York companies combined. At the end Of 1907 there were eighteen companies engaged in transacting Industrial business, with Industrial policies in force at that time as indicated by the table following.

By subtracting the Metropolitan's figures from the total there remain policies, insuring so that the Metro politan had nearly the same number of policies in force as the other seventeen companies combined, and about more insurance.

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