Judge, 1922-04-01 · page 27 of 36
Judge — April 1, 1922 — page 27: what you’re looking at
What you’re looking at
This is not a cartoon page—it's a corporate financial statement from the New York Life Insurance Company's 77th annual report, dated January 1, 1922. The document presents the company's balance sheet, listing nearly $953 million in assets and liabilities, along with information about payouts and loans to policyholders during 1921. The page concludes with a board of directors listing prominent businessmen and civic figures of the era, including Nicholas Murray Butler (Columbia University president) and Oscar S. Straus (former U.S. Secretary of Commerce). This appears in *Judge* magazine likely as a paid corporate advertisement or public relations piece—a common practice for major companies to publish financial statements in popular periodicals to demonstrate stability and trustworthiness to potential customers during the post-World War I economic period.
📄 Transcribed text from this page (OCR, searchable)
Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.
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