Judge, 1913-02-08 · page 24 of 24
Judge — February 8, 1913 — page 24: what you’re looking at
What you’re looking at
This is **not a cartoon or satire**—it's a corporate annual report to policyholders from New-York Life Insurance Company, dated January 8, 1913. The page presents the company's financial performance for 1912, their "sixty-eighth year of business." The document emphasizes the company's financial soundness and growth: $85.9 million in premiums received, nearly $120 million in total income, and substantial investments in mortgages, bonds, and railroad securities across 25+ states. It highlights payments to policyholders ($25.7 million in death claims alone) and reserve funds added for future obligations. The tone is reassuring and promotional—designed to convince policyholders of the company's stability and good management. The final statement, "NINETEEN-TWELVE WAS A GOOD YEAR," summarizes this message. This represents typical Progressive Era corporate communication, when insurance companies published detailed financial statements to build public confidence.
📄 Transcribed text from this page (OCR, searchable)
Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.
NEW-YORK LIFE INSURANCE CO. 346 BROADWAY, NEW YORK SIXTY-EIGHTH YEAR OF BUSINESS TO THE POLICY-HOLDERS: Your Directors assume that, when you think of your contract with this Company, you never question the Company’s soundness, but that you are deeply interested in its progress, and in the efficiency and economy of its management. We submit, therefore, the following summary from the transactions of the year: During 1912 the Company peceived in premiums a ‘ ’ @ $85,941,784.05 In Interest, Rents, etc. . Se ey te 06 33,301,582.53 Total Income $119, 243,366.58 INVESTMENTS MADE DURING YEAR Real Estate Mortgage Loans (first liens) made in 46 Cities located in 25 States and Countries (to yield 5.32%) $34,916,046.00 State, County and Munici Bonds (domestic, including Canada) issued by 49 Counties and Municipalities located in 20 States (to yield 4. raasei 7,463,101.77 Domestic Railroad Bonds (to yield 4.56%) 5 3 3,820,791.17 Foreign R. R., Gov’t and Municipal Bonds (to ‘yield 4.21%) . 5 é 8,234,223. 13 Miscellaneous Bonds (to yield 4. 7 " 266,777.50 Loaned to policy-holders on security of their policies (to yield 5%) | . 27,763,909.00 DURING 1912 THE INSURED OR THEIR BENEFICIARIES RECEIVED FOR DeathClaims. . . . . . 2. 2. 2. we $25,788,714.50 Matvred Endowments. . . . - «© - «© «© © «© « 6,167,076.79 Surrendered Policies . ‘ . é z 6 " * . ‘ < . 12,959,576.80 Dividends 2. 2. ww we le 11,436,686. 36 Annuities 5 . : : . ‘ 1,570,502.77 Added to the reserve inna fori insurances, to meet the standard adopted by the Company, in accordance with the law, and to the reserve funds $31,019,826.00 for future dividends................ccceeeeee eee ee cece eee eeeeeteeeeeneeenes The increase in the earning power of the Company’s assets during the last seven years is equal to 0.29%. .Translated into dollars this means an increase in earning power, over 1905, of more than TWO MILLION DOLLARS. The increased earning power developed in 1912 is notable. It is represented by 9/100 of 1%, and, if maintained, will increase the income of the Company in 1913 by comparison with what’ it would have been had the earning power remained as at the close of ee! oS as 64 Of the amount which the law allowed us to spend in 1912 for new business, we actu- ally spent . Of the amount which the law allowed us to ‘spend for all Purposes, we spent approxi- tel Of the amount of new business which the law aliowed us to issue in 1912, we issued : NINETEEN-TWELVE WAS A GOOD YEAR If you desire further details, write the Home Office, 346 Broadway, New York. President 100% January 8, 1913 comicbooks.com