Judge, 1915-01-30 · page 23 of 24
Judge — January 30, 1915 — page 23: what you’re looking at
What you’re looking at
This is not a cartoon or satirical content—it's a financial document. The page reproduces the summary of New York Life Insurance Company's 70th annual report for 1914, showing their balance sheet, assets, liabilities, income, and disbursements as of January 1, 1915. The document lists President Darwin P. Kingsley at the top and details approximately $790 million in admitted assets and over $2.3 billion in insurance in force. Income sources included premiums ($90.4 million) and various investment returns. Major disbursements went to policyholders in death benefits and living payouts totaling nearly $72 million. This appears in *Judge* magazine as a straightforward business report reprint, not as satirical content.
📄 Transcribed text from this page (OCR, searchable)
Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.
| ' SUMMARY OF 70th ANNUAL REPORT OF THE NEW-YORK LIFE INSURANCE COMPANY 346 & 348 BROADWAY, NEW YORK DARWIN P. KINGSLEY, President NEW INSURANCE PAID FOR IN 1914 Exclusive of Revivals and Increase in Old Policies $223,571,200 TOTAL PAID-FOR INSURANCE IN FORCE $790,935,395 $2,347,098,388 ; ? JANUARY 1, 1915 Balance Sheet, January 1, 1915 ADMITTED ASSETS LIABILITIES $9,826,142.06 Policy Reserve 156,674,059.30 Other Policy Liabilities . 150,000.00 TOTAL ADMITTED ASSETS +++ $651,889,465.00 11,856,997.88 4,048,933.57 Real Estate Loans on Morte: Collateral Loans Premiums and Interest prepaid... Loans on Police . veces 153,375,218.04 Mii ee Pi Bonds and Stock (Market Value Dec. 31, 1914).. 438,322.671.10 Commissions, Salaries, Taxes, ete... 1,333,293.05 ao. 96456501 Dividends payable in 1915...0...cccccceeeeeees 17,104,119.86 Interest and Rent: due and accruc 9,291,253.31 Reserve for Deferred Dividends é 88,902,104.00 Premiums due and deferred + 9,331,486.79 Reserves for other airposes 15,800,482.25 $790,935,395.61 $790,935,395.61 DISBURSEMENTS, 1914 INCOME, 1914 Payments to Policy-holders : Premiums : On New Policies. .++.e++es $9,061,420.82 Dea een pias $20:269;/58:2| On Renewed Policies...... 79,153,606.31 ‘To Living Pobey-holdersiss;, 43.012.872:38 ered —————__ $71,963,429.57 Annuities, etc...... 062.0005 2,252,150.86 Paid under supplementary contracts and other pay- $90,467,177.99 30 365,019.12 Real Estate Rentals..........000008 cee 693,969.50 Com‘ns and other Pay'ts to Agents 6,83 1,867.23 Interest on Mortgages ... 7,509,010.87 Medical Examination and Agency Expenses, etc 2,657,836.44 Interest on Policy Loans... 7,158,715.58 Home Office Salaries 1,786,881.72 Interest on Bonds. ....... 19,293,228.99 Taxes, Licenses and Insurance Dept. Fees. 1,190,478.01 Interest on Bank Deposits, etc. : 284,474.61 Rent and Real Estate Taxes and Expenses. 887,186.65 Profit on Sale or Maturity of Assets....... as 30,263.58 All other Expenses .. xs 1,269,732.81 Inctease by adjustment in Book Value cf Loss on Sale or Maturity of Assets... . 621,589.06 Assets... 256,967.41 Decrease by adjustment in Book Values. 1,704.666.22 Other Income..........065 si 572,766.11 For Reserves to meet Policy Obligations. . . +s. 36,987,887.81 Total ccssasnuasenesenenmncemnaws $126,266,574.64 Total h c.eceocsie ccnelesiccesetente $126,266,574.64 comicbooks.com