Judge, 1899-01-28 · page 11 of 16
Judge — January 28, 1899 — page 11: what you’re looking at
What you’re looking at
This page is **not a cartoon or satirical content**—it's a corporate financial document: the fifty-fourth annual statement of the New York Life Insurance Company, dated January 1, 1899. The document presents the company's balance sheet, cash flow, and seven-year comparative data. It's certified by Louis F. Payne, Superintendent of Insurance for New York State (signature visible at bottom). The statement shows the company's assets ($215.9 million), liabilities, income from premiums and investments, and expenditures for 1898. This appears in *Judge* magazine likely as a **full-page advertisement** or corporate announcement rather than satirical content. Such prestigious financial statements were sometimes published in major periodicals to demonstrate stability and trustworthiness to potential policyholders—an important marketing tool during an era when insurance company failures were not uncommon.
📄 Transcribed text from this page (OCR, searchable)
Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.
FIFTY-FOURTH ANNUAL STATEMENT W-YO RK LI F Insurance Company, Nos. 346 & 348 Broadway, New York City. JOHN A. -McCALL, PRESIDENT. BALANCE SHEET, JANUARY ist, 1899. 7 ASSETS. LIABILITIES. United States, State, City, County and other Bonds (cost } | Policy Reserve (per certificate of New York value $15,687,034), market value, Dec. 31, 1898 ...... $121,579,619 Insurance Department) Bonds and Mortgages (777 first liens). | ~ 39,002,758 || All other Liabilities : Policy Claims, Annuities, Real Estate (68 pieces, including twelve office buildings).... 16,539,000 || Endowments, &c, awaiting presentment Deposits in Trust Companies and Banks, at interest 8,434,786 |) for payment. 2,358,383—G1 78,068,632 Loans to Policy-holders on their policies as security (tegal Additional Policy Reserve voluntarily value thereof, $16,000,000). . 9,818,600 set aside by the Company 2,838,626 Loans on Stocks and Bonds (market value $9,229,702). 7,399,845 || Surplus Reserved Funds voluntarily set Stocks of Banks, Trust Companies, &c. ($4,532,086 cost value), aside by the Company... 2 26,414,234 market value, Dec. 31, 1898. 6,050,83 || Other Funds for all other c 8.623,319— 37,876,179 Premiums in transit, reserve charged in Liabilities. 2,280,188 = Quarterly and Semi-Annual Premiums not yet due, reserve charged in Liabilities Interest and Rents due and Premium Notes on policies in fore cies, $2,500,000). . 1,320,423 TOTAL ASSETS. a $215,944.81 | TOTAL LIABILITIES $215.944.811 $175,710,249 2,087,274 1,440,487 CASH INCOME, 1898. E EXPENDITURES, 1898. New Premiums. $7,644,715 Paid for Losses, Endowments and Annuities .. SA $15,390,978 Renewal Premiu 27,987,933 Paid for Dividends and Surrender Values ee 6.128.888 TOTAL PREMIUMS ss $35,632,648 || Commissions ($3, 320,904.33) on New Business of $152,093.- Interest on: 369; Medical Examiners’ Fe nd Inspection of Ris Bonds.... ++$5,740,819 = ($449,428) . rest an 35779,332 Mortgages... ++ 15940937 Hosne Saal BesnehV Office Bxpenses,<Taxes; “Advertising, Loans to Poli ecured by reserves Equipment Account, Telegraph, Postage, Commissions on polici 628,638 on $791,927.751 of Old Business and Miscellaneous Ex. Other Securities. 391.353 penditupes tires. : vse vele ans Mee: mE RUN 5,208;754 Rents received. 875,741 4 ’ Dividends on Sto 221,780 Balance—Excess of Income over Expenditures for TOTAL, INTEREST, Reneé &e... i 9,799,268 14,932,964 TOTAL INCOME.. ++ $45,431,916 $45,431,916 _ INSURANCE ACCOUNT, COMPARISON FOR SEVEN YEARS. ON THE BASIS OF PAID-FOR BUSINESS ONLY. (1891-1898.) Namber of Policies. Amount. cu Bist, 1801, Dee. 31st, 1898. Gain in Seven Yrs, In Force, December 31, 1897.. 332,958 $877,020,925 || Assets . . . . .$125,947,290 $216,944,811 $89,997,521 New Insurance Paid-| ‘or, 1898 . 73,471 152,093,369 || Income. : 31,864194 46,431,917 13,677,723 Old Insurances revived ‘and increased, 1898... 835 2,129,088.|| Dividends of Year to TOTAL PAID-FOR BUSINESS. 407.264 $1,031,243,982 || ,bolieyHolders =|, 1,260,840 2,759,482 1.499,082 DEDUCT TERMINATIONS: Year to Policy-Hold- By Death, Maturity, Surrender, Expiry, &. _33.330 87,222,862 ||_ers | 19,671,401 21,619,865 8,848,374 Paid-for Business in Force Dec. 31,1898 _373.034 _$044,021,120 Number of Policies in Force ci 3 182,803 378,934 191,181 Gain in 1898 a 40,976 $67,000,195 || Insurance in Force, New Applications Declined in 1898 . is 6,142 15,986,836 || Premiums Paid $675,689,649 $944,021,120 $368,381,471 Certificate of Superintendent of State of New York Insurance Department. ee ise Loe it How tort, in tho Ba rintendent of Insurance of the Btat th NEW-yoRE LOYe TNSunaN COMPANY, if the City F New York, in th tata of Now ‘Fork, isd dul; (authorised te cane oot heated in this State. : in accordance with the provisions of Section Righty-four of the insurance law of the State of New York, I have caused the policy obligations of the said Gem outstanding on the Slst day of Decem| ed the Combined Experience Table of Mortalit a hour per ees naial pany, utstanding on the Slet day of ber, 1898, to be valued as per the nce Table o 7, THEN CERTIFY thay the admitted esete avo $215 944, 811. 383. THE NET Port oY RESERVE, AS CALCULATED BY THIS DEPARTMENT, $175,7 10,249, IABILITIES $2,358, MAKING THE TOTAL LIABILINES PES Skee eAwE THE ADDITIONAL POLICY RESERVE VOLUN. $178, 068, 632. TARILY SET ASIDE BY THE COMPANY, $2, 838, 626. TARILY GET ASIDE BY THE OOMPANT, OU $26, 414, 234. Cheah iaaaabtehe barat 32) 623, 319. J s ae IN WITNESS WHEREOF, I have hereunto subscribed my name aid caused my’ official seal to be 7; Ag affixed at the City of Albany, the day and year first above written. Superintendent of Insurance. comicbooks.com.