Judge — February 1, 1896 — page 13: what you’re looking at

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

FIFTY-FIRST ANNUAL STATEMENT OF THE NEW-YORK LIFE INSURANCE CO. JOHN A. McCALL, President. 846 and 348 BROADWAY, NEW YORK CITY. DECEMBER 3, 1895. ASSETS. q | Bonds ($102,802,293.27) and Stocks ($4,397,531.25) owned.. | Bonds and Mortgages, first liens. Real Estate ... Net Premiums in course of collectio Cash in Bank and Trust Companies at interest. Loans on Policies, and Premium Notes (Reserve charged thereon in Liabil Interest and Rents accrued........cecseeccsseesseeees 4,854,587.95 6,144,943.88 4,780,867.66 1,302,836.50 ies, $9,300,000). Loans on Collaterals (Market value of Securities, $2,191, 748.00 1,787,800.00 Motali Asset sissies scsesssttsssen seisescuetetinnticccertees trace 174,791,990.54 © LIABILITIES. Policy Reserve, per Certificate of New York Insurance Department... | Additional Policy Reserve voluntarily set aside by the Company.... i Claims in process of adjustment, Annuities and Endowments not presente Premiums paid in advance...... Unpaid Dividends not claime Policy Trust Funds payable in installment Total Liabilities... : Total Surplus to Policy-holders (per Certificate New York State Insurance Department .$147,740,656.00 1,200,000.00 1,856,412.95 137,881.61 130,336.74 188,025.35 $150,753,312-05 24,038,677.89 ---$174,791,990.54 INCOME —x895, j New Premiums (including Annuities, $1,069 i Renewal Premiums .. I Interest, Rents, etc. (including Trust Fund, $31,000.00) Total Income 34.51). .-$ 6,201,658.49 24,117,092.96 7,573,514.11 537,802,205.50 DISBURSEMENTS—1805. \ Death Claims $8,677,033.24 } Endowments. . 2,072,445.07 , Dividends and other payments to Policy-holders - 6,044,053.63 All other payments—Commissions, Taxes, Salaries, Medical Fees, and Advertisin; Total Disbursements. '$24,663,055.88 Excess of Income. 18,229,209.68 i a cn iin nN: ee ee '537,892.205.56 INSURANCE ACCOUNT. Paid-for Policies in Force December 31, 1894. New Paid-for Policies, 1895....... Old Policies Revived, Increased, ete Total os Total Terminated in 1895 .. Paid-for Policies in Force December 31, 1809: Gain in 1895 Policies Declined in 1895.. 7,869,523.94 ‘Number. Amount. +++262,246 — $771,837,770 + 53,943 327,492,535 54 8,507,762 ' 907,838, 01 if 39, 18° 108,810, ' J 027, 32 . SOA 27,1 1389 n254 21,643,883 CERTIFICATE OF SUPERINTENDENT. STATE OF NEW YORE, INSURANCE DEPARTMENT, Albany, January 11th, 1896. I, JAMES F, PIERCE, Superintendent of Insurance of the State of New York, do hereby certify that the NEW-YORK LIFE INSURANCE COMPANY, of the City of New York, in the State of New York, is duly authorized to transact the business of Life Insurance in this State. I FURTHER CERTIFY that, in accordance with the provisions of Section Eighty-four of the Insurance Law of the State of New York, I have caused the policy obligations of the said Company, outstanding on the 31st day of Decenee, 1895, to be valued as per the Combined Experience Table of Mortality, at FOUR PER CENT. interest, and I find the net value thereof, on the said 31st day of December, 1895, to be $147,740,656.00. I FURTHER CERTIFY that, from its Annual Statement for December 31st, 1805, filed in this Department, the NET SURPLUS to policy-holders is shown to be on the basis of ADMITTED ASSETS, $24,038,677.89, $174,791,990.54, after deducting therefrom the NET RESERVE ($147,740,656.00) as calculated by this Department, and all other Liabilities. IN WITNESS WHEREOF, I have hereunto subscribed my name, and caused my official seal to be affixed at the City of Albany, the day and yoar first above written, JAMES ¥, PIERCE, Superintendent of Insurance, comicbooks.com