Judge, 1922-04-01 · page 27 of 36
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A Purely Mutual Organization New York Life Insurance Co. (Incorporated under the Laws of New York) 346 BROADWAY, NEW YORK, N. Y. Seventy-Seventh Annual Statement DARWIN P. KINGSLEY, President Balance Sheet, January 1, 1922 Securities at Market Value as furnished by Insurance Dept., State of New York LIABILITIES $787,157,463.00 28,527,025.08 ASSETS $8,362,881.00 | Policy Reserve 183,722,805.92 Other Policy Liabilities 164,305,141.17 Premiums, Interest and Rentals pre- 2,301,000.00 paid. . 120,628,900.00 Taxes, Salaries, Rentals, Accounts, ete... 7,549,037.63 Additional Reserves. . 7,485,874.00 Dividends payable in 1922 42,287,368.71 Reserve for Deferred Dividends 59,303,179.00 Reserves, special or surplus funds not included above Real Estate Mortgage Loans Policy Loans... . Collateral Loans... .. Liberty Bonds and Victory Notes . Government, State, Province, County and Municipal Bonds Railroad Bonds . Miscellaneous Bonds and Stocks 4,361 ,995.18 155,439,933.50 271,524;487.07 7,325,003.00 11,067,144.16 14,674,443.08 Cash... Uncollected and Deferred Premiums . Interest, and Rents due and accrued, 13,280,399.90 15,960,196.20 $952,632,138.80 $952,632, 138.80 Total Total. $124,308,409.00 40,871,382.00 15,004,330.00 9,646,991.00 11,358,909.00 Paid to and on Account of Policy-holders during 1921 Loaned Policy-holders during 1921 under Policy Contracts Loaned on Farms during 1921 .......4.~. Loaned on Mortgages for housing purposes during 1921 ‘ Loaned on Business Property during 1921 The earning power of Ledger Assets, including ‘Cash in Bank, advanced 0.16% during the year BOARD OF DIRECTORS ‘ LAWRENCE F. ABBOTT ALFRED L. AIKEN JOHN E. ANDRUS CORNELIUS N. BLISS, Jr. NICHOLAS MURRAY BUTLER GEORGE B. CORTELYOU JOHN H. FINLEY DAVID R. FRANCIS A. BARTON HEPBURN MYRON T. HERRICK GRANGER A. HOLLISTER ALBA B. JOHNSON WILLARD V. KING DARWIN P. KINGSLEY RICHARD I. MANNING JOHN G. MILBURN GERRISH H. MILLIKEN FRANK PRESBREY JOHN J. PULLEYN FLEMING H. REVELL GEORGE M. REYNOLDS ELBRIDGE G. SNOW HIRAM R. STEELE OSCAR S. STRAUS Ss. DAVIES WARFIELD 2