Judge — January 30, 1897 — page 14: what you’re looking at

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

FIFTY-SECOND ANNUAL STATEMENT NE Ww YORE Lit’ E: INSURANCE COMPANY, : 346 & 348 BROADWAY, - - NEW YORK CITY. JOHN A. McCALL, President. Balance Sheet, January Ist, 1897. ASSETS. LIABILITIES. United States Bonds ($10, 515,756) and State, Policy Reserve (per attached certificate of City, County, and other Bonds (98,26: New York Insurance Department)... $158,115,938 767) 5 cost of all, $103,865,862; market S10sra8lsee All other Liabilities: : Policy claimsia process se eeeeeeeeeeeeee sere eeesceeees . of payment, extra reserve voluntaril Bonds and Mortgages (908 first liens). 37 "509,910 held. annuities and endowments awaiting Real estate ( pieces: including twelve office Settlement yh ste ccc c ee secs i cece cc cteeeees! 2,378,472 buildings)............ 16,852,400 4 Policy-holders’ ‘loans and liens on their pol- Surplus (per attached certificate Insur-. icies, held as security (legal reserve ance Superintendent) December thereon, $9,500,000)............eseceeeee 5,972,778 BISt, 1896.00... ce cece ese ee eens ... 26,681,996 Deposits in Trust Companies and Banks, at interest........ cece cece cece ce eeeeeeeeeeees 5,401,000 Stocks of Banks, Trust Companies, etc., ($3,704,730, cost value), market value, De- cember 31st, 1896..............e cece eeeeee 4,668,335 Premiums in transit, reserve charged in liabilities.........ccceessees coccececsccoce 2,582,378 Quarterly and semi-annual premiums not yet due, reserve charged in liabilities... 1,980,529 | Interest and rents due and accrued.. 1,422,730 Premium Notes on policies in force (reserve charged in liabilities, $2,500,000)........ a 1,023,613 Loans on stocks and bonds (market value; | J $1,352,403). .-eeeeeeeeee 984,200 $187,176,406 | ———— Total.............04. $187,176,406 CASH INCOME, | 1896. | EXPENDITURES, 1896. i - Paid for losses, endowments and annuities... 13,310.766 Ls ily trt ae $4,752,934 Paid for dividends and surrender values.. 8 5,172, 855 Premise on new aani- Commissions on. Hew Business of $121,504.987, medical examiners’ fees, and inspection ItheS......6. seers . 1,263,324 ey of risks Necas. oi Sea ae ees execesiases y Beets z 5 3,099,036 ; ome and branch office expenses, taxes, ad- _Tatl new prenims.- : Soor6258 vertising, equipment account, telegraph, see eee eee eeeennees 5,121, postage, Sommissions on $705,251,061 of mmxTOTAL PREMIUMS sarsanong | Gkurae te tts MeCelateeNe Seg oto208 Rents....... 702° B08 Balance—Excess of Income over Ex- __ penditures for year..............5. 12,740,603 4 x a $39,139,558 Total ......0.ecceceeeeeeeeeeeeeeees $39,139,558 INSURANCE ACCOUNT, ; i | EA ON THE BASIS OF PAID-FOR BUSINESS ONLY. COMPARISONTFORIFIVE: YEARS. xoxnen oF swoon, (1891-1896.) ? 7 Dee, 31st, 1891, Dee, 31st, 1896. Gain in Five Years. In force December 3ist, 1895... $799,027,320 5e _ New Insurances paid for, 1896. 64,389 121,564,987 || Assets - - - - $125,947,290 $187,176,406 $61,229,116 Old Insurances revived, 1896. 652 1,830,500 || Surplus - - - 15,141,023 26,657,332 11,516,309 Old ineurandas act increased, 1896........ _.......-.. son S17.378 Income - - - 31,854,194 39,139,558 7,285,364 i , Dividends of Year ee, vendor to Policy-holders 1,260,340 2,165,269 904,929 Expiry, ete-- ‘ : 32.949 96,023.546 || Number of Policy- : SJ \N FORGE, DEC. 31, 1896 Boo.1s5 3620,816,048 ; holders : : . 182,803 299,785 116,982 Gain in 1896 in the Uni tates. 32,000 84,800,000 || *NSUrance in Tore anne New Applications e anited ini8o6 ~ S7S03 — “tatees’ses || (Premiums paid) $575,689,649 $826,816,648 $251,126,999 CERTIFICATE OF SUPERINTENDENT, STATE OF NEW YORK INSURANCE DEPARTMENT. Albany, January 9th, JAMXS F. PIERCE, Superintendent of Insurance of the State of Ne w aes Ye Atay Tithe ees Superiatendent of Insurance of the Stato of New York, do hereby certify that the NEW YORI LIFE INSURANCE COMPANY, of ihe Cliy of New Fork. inthe State FURTHER CERTIFY that, in accordance with the provisons of Section Eighty-four of the Tosurance Law of the Stata of New York, have caused the pny, cutstandiog on the Stet day of Deceniber, Tid, to be valued as per the Combined Experience Table of Mortalty, at FOUR PER CEST. interest, and 1 Bod the bet © $158,115,938s. IT FURTHER CERTIFY that, from its Annual Statement for December Sist, 1808, fled in this department, the NET SURPLUS TO POLICY-HOLDERS is shown to be 26 oa the basis of ADMITTED ASSETS. $26,681,909 $187,176,406 after deducting therefrom the NET RESERVE ($138.115,095) as calculated by this Department, aod all other Liabilities (2,973, ¢72 N WITNESS WHEREOF, I have hereunto subscribed my name, and caused my oficial teal to be allied at the City ot Albany, the day and year first above written, (L. S.] JAMES F. PIERCE, Superintendent of Insurance. licy obligations of the sald Com: jue thereof, on tho said Sist day of 8 comicbooks ¢ m