Judge — February 14, 1914 — page 2: what you’re looking at

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

NEW-YORK LIFE INSURANCE COMPANY 346 BROADWAY, NEW YORK SIXTY-NINTH YEAR TO THE POLICY-HOLDERS: Our sixty-ninth was, in some respects, our greatest year. Some of the notable facts are these: New Business (109,763 Policies). . ws “ +++ $282,800,000.00 Gain over 1912. eueid sith 65 on 34,000,000.00 Risks in force Jan. 1, 1914 (1,101,655 Policies) . ..+ 2,273,000,000.00 Gain over Jan. 1, 1913.. ° 103,000,000.00 Dividends allotted (1914). s ‘ 17,600,000.00 Increase over 1913.... eee 2,200,000.00 124,000,000.00 Disposition of Income: Death claims pees $26,000,000 Matured Endowments, Surrender Value, ete. _ 25,000,000 Dividends ‘ 15,000,000 Expenses, etc., including Taxes ($1,352,956). * . 15,000,000 Added to Reserves. tees ne :. 43,000,000 __ $124,000,000.00 THE INVESTMENTS OF THE YEAR (OUTSIDE OF LOANS ON POLICIES) WERE esate «+ $41,740,459.14 INVESTED TO PAY 5.07%. As follows: Domestic and Canadian, State and Municipal Bonds.............+ sie INVESTED TO PAY 4.78%. Representing thirty-four cities, ten counties and five school districts, located in twenty-two States, and two Provinces. Foreign State and Municipal Bonds... wee 7,149,471.41 $8,421,095.17 Representing eleven countries. Railroad Bonds 9,856,651.23 INVESTED TO PAY 5%. Loans on Business Propetty «ccs co iis ccsiiecewcsesscecsaveesssies vee ees sesererareetaaweseenewesicnee Rw ERE TORE 15, 189,078.66 INVESTED TO PAY 5.58%. Loans on Farms (New Department), 920,885.17 Miscellaneous Bonds ___ 203,277.50 INVESTED TO PAY 4.88%. ANALYSIS AND EARNING POWER OF LEDGER ASSETS ON DECEMBER 31, 1913: Railroad Bonds (4.27%). au 9es 9 . .. $311,949,214.47 Foreign Government and \. * ‘ 83,022,625.44 Policy Loans (5% +).. os . . . 133,507,619.52 Premium Notes (5% + 5... PRESETS IE . ‘ 4,598,039.71 Mortgage Loans, including Farm Mortgages (4.97 § . wees 152,970, 898.44 State and Municipal Bonds (4.04 % {cROTeEEe 53,177, 784.79 Miscellaneous Bonds (6.67 % ).. a aanaie ene . ro 7,003,132.23 Stock (Received from Reorganizations). be eo 5 284,046.88 Real Estate Owned (4.36% ).. ‘ wie wet . - 9,196,586.10 Cash (2.50%).. eae 7,140, 755.82 TOTAL. o $762,850, 703.40 AVERAGE EARNING POWER OF ne AS OF DECEMBER 31, 1913: INCREASE IN EARNING a il DECEMBER 31, 1905: TRANSLATED into income, this increase, if maintained, will yield an added income in 1914, and annually there- after of aeees . $2,441, 000.00 LIABILITI Reserve to cover contract obligations. es 5 -.. $642,598,782.00 Other reserves (taking securities at M le pie ase 105,898,958.00 ~ $748,497, 740.00 The low price of bonds and the high rate obtainable on real estate mortgages made the year a good one for investment. The wording of the Federal Income Tax was materially improved and policy-holders generally benefited by the intelligent response made to our letter to policy-holders, sent out last April. The united protest of policy-holders against unfair legislation is something that all legislatures, Federal and State, will have to reckon with in the future. A statement consisting of 168 folio pages, giving in minute detail the transactions of the year, schedules of the Company’s assets, and a vast deal of additional information, will be filed with the Department of Commerce in Washington, with the Government of each State (except one) of the United States, and with the Governments of all the leading Countries of the world. A brief of this, containing important details, will be sent to policy-holders during 1914, and will be mailed to any one on request. January 8, 1914. DARWIN P. KINGSLEY, President. In answering advertisements please mention JUDGE. It will be appreciated. comicbooks.com