Judge — January 29, 1898 — page 14: what you’re looking at

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

FIFTY-THIRD ANNUAL STATEMENT NEW - YORK - LIFE - INSURANCE - COMPANY, Nos. 346 and 348 Broadway, I New York City. JOHN A. MCCALL, _ President. BALANCE SHEET, JANUARY Ist, 1898. ASSETS. ~ LIABILITIES. United States Bonds (84,323,000) and State, City, County | Policy Reserve (per attached certificate of New York In- and other Bonds ($103,850,803), cost ‘of both, surance Demrument), a $103,384,604, market value, . . a . * ; 5 All other Liabilities: Policy Claims, Annuities, Endow- Bonds and Mortgages (900 first liens), ‘ * a . 22 | ments, &c., awaiting presentment for payment, . . Real Estate (74 pieces, including twelve office-buildings), « 5, Surplus Reserved Fund voluntarily set aside by the Company, Deposits in Trust Companies and Bai at interest Net Surplus (per attached certificate Insurance Superin- Loans to Policy-holders on th i poli ies as security (legal tendent December 31, 1897), _ : 17,176,105 reserve théreon, $13,747,8% ‘Trust’ Companies, &e. (84, 047,817 cost value), market value, Dec. 31st, 1897, Loans on Stocks and Bonds (market value, &: Pre pmiums in transit, reserve charged in Li Ani o 8 we 1,889,474 Interest and Rents due and accrued, 1,486,648 Premium Notes on Policies in force (reserve ‘charged in Lia ies, $2,700,000), . 1,189,401 ML, . 300,694,440 EXPENDITURES, 1897. New Premiums, ; 3 Paid for Losses, Endowments and Annuities, Renewal Premiums, 2 + 26,321,145 Paid for Dividends and Surrender Values, " , 3: jy || Commissions ($3,239,964) on New Business of 8 Wale Riie ae MUMS, Fe 8 F ical, Examiners’ Fees and Inspection “of It ), Home aa Branch Offi *Expen: ses. Taxes, Adverti ng, Equipment Account, Telegraph, Postage, Commissions on #741-465,131 of Old Business, and Miscellaneous Expenditures, : Balance—Excess of Income over Expenditures for year, . . . . . 7 TOTAL, . . . . « . . S41, LOSS INSURANCE ACCOUNT, COMPARISON FOR SIX YEARS. ON THE BASIS OF PAID-FOR BUSINESS ONLY. (1891-1897) In Force, December 31, 1896, . 20978 ssue,sicess || Assets, . .-« $425,947,290 $200,694,440 $74,747,150 New Instrance Paid- for, 1897, 63,708 5,7 . . 31,854,194 44,79 Old Insurances revived and increased, 1897, - 699 23,007,825 Income, 1854, 1793,084 9,938,890 TOT Ser1o> SoGr asd Dey || Dividends of Year to TOTALS, . . . . 364,192 8964,380,267 || DEDUCT TERMINATIONS: , ut Policy-Holders, . 1,260,340 2,434,981 1,174,641 By Death, Maturity, Surrender, Expiry, Number of Policy- fe 6 os etek BRE 87,359,342 . . + ao eee = Holders, . 3 182,803 332,958 150,155 In Force, December 31, 1897, . —.--:332,958 8877,020,925 ; Gain in 1897, . 33,173 850,204,277 || Insurance in Force, —_—— New Applications Declined in 18 310 550% premiums paid, . $575,689,649 $877,020,925 $301,331,276 TOTAL, . Certificate of Superintendent of State of New York Insurance Department. Albany, January 6, 1898, peat of: Taeurance of the State of New York, do hereby certify that the NEW YORK LIFE INSUR ANCE COMPAN authorized to transact surance in this State, ith che provisions of Section Eig! if Ct yf the State of New rk, I have caused ding on the 3tst day of Dece: nber, 18097 co ombined Experien ‘able of Mortality, 11 fy he $164,056,079. VEIN'Y uhac the admitted wasets are $200,694,440.890. The general abilities, $: 330.49, The Net Policy Reserve, as calculated by this Department, $164,056,079.00. The Surplus Reserved Fund voluntarily set aside by the Company, which, added to the Department Policy Valuation, provides a lability equivalent to a three per cent. reserve on ait policies, Siotigslozeron, The Net Surplus (excluding the Surplus Reserved Fund of $16,105,026), $17,176,105.40. oe DiwitNEss WHEREOPF, I have hereunto subscribed my name and caused my official seal to be affixed at the City of Albany, the day and year first above written. LOUIS F. PAYN, Superintendent of Insurance. comicbooks.com