Life — March 7, 1889 — page 15: what you’re looking at

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

LIFE FORTY-FOURTH ANNUAL REPORT OF THE NEW YORK LIFE INSURANCE COMPANY, OFFICE: 346 & 348 BROADWAY, NEW YORK. JANUARY 1, 1889. Amount of Net Assets, January 1, 1888 © 2 1. 1 we ee ee ee + $79,912,327.17 REVENUE ACCOUNT. Premiums. Se ee ee ee eee $22,301,931-11 Less deferred premiums, January 1, 1888 2 1 2 1 1 11) 2 Ltt tL ft Pnt942340.36—$21,127, 500.75 Interest and rents, etc. . ee eee ee 4,762, 169.67 Less Interest accrued January 1,1888 ) ) ) ) 2) ] DD DP Ppp pit 488,477.59—__4.273.692.08—$25, 401,282.83 105, 313,000.00 DISBURSEMENT ACCOUNT. #7051373 Losses by death, and Endowments matured and discounted (including reversionary additions tosame) . . a ew i $5,425,926.78 Dividends (including mortuary-dividends), annuities, and purchased insurances | 1 1. 34547)143.27 Total Paid Policy-holders. 6. 6 ke ee ee ee ee enn 2 t $10,973,070.05 ‘Taxes and reinsurances . ie Rta Commissions tncluding ddvanced and commuted commis ions), brokerage , agency expenses, hysicians’ fe Seka eae Gilice asd law expenses. alaries, advertising, printing, etc. . . '89,824,336.1 ASSETS, $89,824,336.19 Cash on deposit, on hand, and in transit soe ee ee ee + $31695,836.04 tates Bonds and other bonds and stocks (market value, $58,222,751.94) 5 1 11 1 2 tl 1 ff s4\s66.001.58 ‘and Mortgages, first lien’on real estate (buildings thereon insured for & 800,000, and ‘the policies assigned to the Company as additional collate: Tce ‘Temporary Loans t value of securities held as collateral, $2,144,670) , i 8 * Loans on existing policies (the Reserve on these policies, included in Liabilities, amounts to over $2,cco,cco) "378,874.10 * Quarterly and semi-annual premiums on existing policies, due subsequent to January 1, 1889. « + 14435,734.86 *Premiums on existing policies in course of transmission and collection. (The Reserve on these policies, included in Liabilit estimated at $1,500,000). ee ss HOR 08.46 Agents’ balanc : mt # AM & OR orev Gam we Accrued Interest on investments, January 1, 1889. Ce 45 -4—$89,824,336.19 Market value of securities over cost value on Company's books 3,655,850.36 *A detailed schedule of these items will accompany the usual annual report filed with the Tasurance Depa artment it of the State of New York. TOTAL ASSETS, January 1, 1889 ...... ee mo ee we we oma HS $93,480, 186.55 Appropriated as follows: Approved losses in course of payment. 6 6 6 6 ee ee $555,555.62 Reported losses, awaiting proof, etc. ‘ AS HER em 302,964.77 Matured endowments, due and unpaid (claims not presented) 2 2) 2) 2 DD Df t 56,511.88 Annuities due and unpaid (claims not presented) Ei ‘ Reserved for reinsurance on existing policies; at the ‘Actuaries’ table 4 per cent. interest | | Reserved for contingent liabilities to Tontine Dividend Fund, January 1, 1888, over and above a 4 per cent. Reserve on existing policies of that class. fe Addition to the Fund during 1888 Parr DEDUCT— Returned to Tontine policy-l holders during the year.on:matured Tontines Sg ws 54 Balance of Tontine Fund, January 1, 1889. ee ee Be $6:4990777:19 Reserved for premiums paid inadvance . . 1 1 1 te te '40.504.21 *980»397,930.30 2,250 25 ; ; , Top awe reese Surplus by the New York State Standard (including the Tontine Fund). . 13,500,000,00 From the undivided surplus, as above, the Board of Trustees have declared a Reversionary dividend to participating policies in proportion to their contribution to surplus, available on settlement of next annual premium. Returns to Policy-Holders, Insurance in Force. Assets. New Policies Issued. 1886 . + $7,627,230 Jan. 1, 1887. ee 373,540 Jan. 1, 1887. - 825, 421 158 1886... . . 22,027 1887 . |: “9,535,210 Jan. 1, 1888. | “358,935,536 Jan. 1; 1888: | . "83,070.84 1887... . . 28,622 1888 |. | 10,973,070 Jan. 1, 1889: : 419;886,505 Jan. 1, 1889: : . 93,480, 168 1888... . . 88; Number of Policies issued during the year, 33,334. Risks assumed, $125,019,731. Total number of Policies in force Janiiary 1, 1889, 129,911. Amount at risk, $419,886,505. Divisible Surplus (Company’s new Standard) ‘ TRUSTBES: : WILLIAM H. APPLETON, ALEX. STUDWBLI JOHN N. STEARNS, WILLIAM H. BEERS, ELIAS S. HIGGINS, ” Loe WILLIAM L. STRONG, WILLIAM A. BOOTH, WALTER H. LEWiS, W. F. BUCKLEY, HENRY BOWERS, EDWARD MARTIN, HENRY TUCK, JOHN CLAFLIN, RICHARD MUSER, A. H. WELCH, ROBERT B. COLLINS, c. C. BALDWIN, L. L. WHITE. WILLIAM H. BEERS, President, THEODORE M. BANTA, Cashier. HENRY TUCK, Vice-President. A, HUNTINGTON, M.D., Medical Director. ARCHIBALD H. WELCH, 2d Vice-President. RUFUS W. WEEKS, Actuary. comicbooks.com