Judge — March 10, 1888 — page 12: what you’re looking at

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

JUDGE FORTY-THIRD ANNUAL REPORT ov THE NEW-YORK LIFE INSURANGE CO. Office: Nos. 8346 and 848 Broadway, New York. JANUARY 1, 1888. Amount of Net Assets, January 1, 1887 REVENUE ACCOUNT. -$71,819,623.48 $19,325,519.87 11041 66615 —$18, 256,553, 4252) 490.50 $36,497. 10— Premiums... . deferred premiums, January 1, 184. Interest and reat, ete ‘Lews Interest accrued, January 1, 187. DISBURSEMENT ACCOUNT. Lomes by death, and Endowments matured aad discounted (including reversionary additions to dividends), annuities, and purchased insurances —°505,872,410.60 $4,361,366.83 STASIS. 96 364,495.60 3,581,038. sane) Dividends (including mort 1 Paid Policy-bol $0. and ro lnsurances xxions (Including advanced and commuted commissions), brokerages, agency expenses, yyxiclans' fees, etc. OMice and law expenses, salaries, advertising, printing, ete ASSETS. Cash on deposit, on band and In transit. rite Sabor Hands and ctber boods aid stocks (aie vaio 82.83 10.79 mai $5$13,000.008 43 $70,012,817.17 | Bonus and Mortgage Art lien on real estate ‘buildings thereon’ tasured for $11,000,400" aid the policies assigned to the Company as additional collateral security)... Temporary Loans (market value of securities held ax collateral, $2,404,453) * Loans on existing policies (the Reserve on these policies, included in Liabilities, amounts to over 00). dnrterly and semi-annual premiuma on existing policies, dae matsequent to January 1, 184% * Rietntunts ou exiting poticken in course of transtakwlon and collection. ‘(The Reserre Go’ theme policies Included tn Liabilities, i extimated at $1,300,000) Agents’ balances ‘Accrued Interest of investments, January 1, 188. Market value of securities over cost value on Company's books 4A detailed schedule of thew terns will accompany the usual annual report fled with the Insurance Department of the State of New Yor! $83,079,845 .85 P8477 59—$7V, 912,317 17 3,167,528.68 TOTAL ASSETS, January 1, 1888, Appropriated as follows: Approved losses in course of payment. . . Reported lowes awaiting proof. ete. Matured endowments, due and unpaid (claims not presented). Annuities due and unpaid (claims hot presented) Rewerved for reinsurance on existing policies: participating insurance at 4 Carlile net premium; on participating at per cent Carlie net prem i << 07,642.00 Additional amount of Reserve (transferred from Surplus account) December 31, 1 Reserved for contingent abilities to Tontine Dividend Fund. January 1, 1887, over, ‘and abore a cent Heserve on existing policies of that! 4 Addition to Pund during i DEDUCT— Returned to Tontine policy-holders during the year on matured Tontines. Balance of Tontine Fund, Jan 1, 1588 (5,315,720 63 Keserved for premiums paid tn advance 86.73 __ $76,428,265.74 (6,061,580.11 $83, 079, 845.85 $11,846,793.06 ‘as above, the Hoard of Trustees has declared a Reversionary dividend to partici ribution to surplus, available on settlement of next annual premium, mie ate! Number of policies issued during the year, 28,522. Risks assumed, $106,749,295. Total number of policies in force December 31, 1887, 113,323. Amount at risk, $358,935,536. Divisiblo Surplus (Company's new Standard) d, fee 4 per cent Actuarte: 1 the undivided surpl proportion to their TRUSTEES: ELIAS 8. HIGGINS, RICHARD MUSER, wat ‘. ‘STRONG. WILLIAM H. BEERS, President. HENRY TUCK, Vice-President. ARCHIBALD H. WELCH, Second Vice-President. RUFUS W WEEKS, Actuary. WM HL APPLE? WILLIAM H. BEERS, WILLIAM A. BOOTH, Ho. BENJ ii. BRISTOW, HENRY BOWERS, ROTTS. WF. BUCKLE! CLAFLIN, e 5 ROBERT D. COLLINS, ALEX. STUDWELL, iD ware: THEODORE M. BANTA, Cashier. A. 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