Judge — January 27, 1900 — page 13: what you’re looking at

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

FIFTY-FIFTH ANNUAL STATEMENT NEWYORK LIFE INSURANCE COMPANY. Nos. 346 & 348 BROADWAY, NEW YORK CITY. JOHN A. McCALL, = = = = = = President. BALANCE SHEET, JANUARY Ist, 1900. ASSETS. LIABILITIES. States, State, City, County and other Bonds (cost value Policy oe (per certificate of New York Insurance Department), 312,584), market value, Dec. 31, 1899. sees ++ $144,528,785 Bee. 8 1899. terete ane see . $192,024,281 \d Mortgages (715 first liens). ..’. ? 517 All beer Liavaities Policy Claims, 1eces, including twelve office buildings) awaiting presentment for payment... 2,990,583 holders on their policies as securit Additional Policy Reserve voluntarily set 8,507,699 eof, $18,000,000). H Accumulated Surplus Funds, voluntarily reserved ve set aside by Deposi 'pal the Company, to provide Dividends payable to policy- Stocks of Banks, Trust Companie etc. ($3,556,282 c holders during 1900, and in sabeetoest eee, value, Dec, 31, 1899. 5 i Fins t <ravable. to Policy-holders in 1900): Loans on Stocks and Bonds (market value $4,177,523) To pelders of m of Aocumat Quarterly and Semi-Annual Premiums not yet due, reserve charged ‘To holders of Ana ual ide in Liabilities. To holders of 5-Year agit id Polici Premiums in transit, reserve charged in Liabilitie ‘ToraL Premium Notes on policies in force (Legal Reserve to secure same, $3,400,000)... . Interest and Rents due and accrue js mature: To hdiders of 2+ Year Period Policies. To holders of 5-Year Dividend Policies. ee aie Other. funds for all other Contingencies. 065,423 TOTAL ASSETS..........---2-+--se-seeee 450, TOTAL LIABILITIES. .......8236,460,348 CASH INCOME, 1899. EXPENDITURES, 1899. New Premiums (Annuities, $1,517,028) $10, Paid for Losses, Endowments and Annuities. vo 916,008,768 Renewal Premiums. . ‘ Paid for Dividends and Surrender Values. hecses 6,184,200 ee Commissions and all other payments to agents ($4,628,069) on New Business of $202,809.08 ; Medical Examiners” Fees, and ee Uon of Ricks (6% (ITD). ee wees 0,155,868 Home and Branch Office Expenses, Taxes, Adve Account, Telegraph, Postage, Commissions on Old Business, and Miscellaneous Expenditures 5,882,527 Balance—Excess of Income over Expenditures f 19,625,893, 836 Other securities. > Rents received. . * Dividends on Stocks TOTAL INTEREST, RENTS, & 10,232,761 TOTAL. INCOME.. “ 3 71,263 TOTAL EXPENDITURES AND BALANCE...352,371,263 INSURANCE ACCOUNT, COMPARISON FOR EIGHT YEARS. ON THE BASIS OF PAID-FOR BUSINESS ONLY. DeteAieue dares clans Big Yas Numsex or Poucies. _Awounr, Assets........$198,847,200 $286,400,948 810,603,008 Be Force, December 31, 1898 : 373.934 $944,021.20 Income. ..2, aneeaies © pars7i/aes © 20,017,060 Old Insurances revived and increased, 1899. “116 (878,077 Dividends “of es 474407 $11492039979 Year to Pol- TOTAL PAID-FOR BUSINESS.474,407 $1,149,208,277 icy-holders.. 1,260,840 2,768,748 1,608,408 Total Payments EDUCT TERMINATIONS : of Year to By Death, Maturity, Surrender, Expiry, etc. 36,681 87,881,202 Policy-holders 12,671,491 22,206,977 9,535,486 Paid-for Business in Force Number of Pol- December 31, 1899 - 487,778 $1,061,871,986 icies in Force 182,803 437,778 254,973 eh Bn Ce Se Insurance in Force, ‘ premiums paid....... $575,689,649 $1,061,871,985 $486,182,336 Certificate of Superintendent of State of New York Insurance Department) Albany, January 4th, 1900, I, LOUIS F.PAYN, Seperinteodeat of losurance ofthe State of New York do hereby certty that the NEW-YORK LIFE INSURANCE COMEANY, the City of New York tn State of New York, A Ml JAL LIFE INSURANCE COMPANY having no Capital Stock, is duly authorized to transact the business of Life Insurance in this State. FURTHER CERTIFY that, in accordance with the provisions of Section Fighty-four of the Laeartnce U ‘Law of the State of New York, have caused the Frllcy oblig ny outstanding on the 3ist day of December, 1899, to be valued as per the Combined Experieace T able of Mortality, at four per cent. interest, and I certify ete 5193001 8 I FURTHER CERTIFY that the admitted Assets are $236,450,348. ‘The general Liabilities, $2,990,583. ‘The Net Policy Reserve, as calculated by this Department, $192,024,281, making the Total Ltabilities, per State Laws, $195,014,864. ‘The additional Policy Reserve voluntarily set aside by the Company, $3,607,699. ‘The Accumulated Surplus Funds voluntarily reserved and set aside by the Company to provide dividends payable to policy-holders in 1900, and in subsequent years, $28,862,362. $9,066,423. IN WITNESS WHEREOF, I have hereunto subscribed my name and caused my offictal seal to be affixed at the City of Albany, the day and year first above written. we Other funds for all other contingencies, comicbooks.com