Life — January 30, 1896 — page 20: what you’re looking at

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

i LIFE FIFTY-FIRST ANNUAL STATEMENT \ or THE New-York Life Insurance Co. JOHN A. McCALL, President. 346 & 348 BROADWAY, NEW YORK CITY. DECEMBER 31, 1895. ASSETS. Bonds ($102 802,293.27) and Stocks ($4,397,531.24) owned Bonds and Mortgages, first liens : Kevnes sKevs Real Estate... Biseeres Net Premiums in Course of Collection Cash in Bank and Trust Companies at Loans on Polict 1 Premium Notes (Reserve charged thereon In Liabilities, $9,300,000) Interest and Rents accrued . Loans on Collaterals (Market Value of Securities, 82,191,748.00). Otel ABBE 0:09 sisninininaceineeieinisinceiesemie:mecacewinaiainie enieieia tinipzeinie erase ce alate ia une ibieintoata: wa aiaisiNialaieeN nia KAT WERENT SI EONS TRIN eles d LIABILITIES. Policy Reserve, pec Certificate of New York Insurance Department Additional Policy Reserve voluntarily set aside by the Company. Claims in Process of Adjustment... ‘ | Premiums Paid in Advance , Unpaid Dividends not claimed. Policy Trust Funds payable in instalments Total Liabilities .. . $150,753,31265 24,038,677.89 - $174,791,990.4 INC@ME—1895. New Premiums (inclading Annuities $1,069,934.51).. Renewal Premiums Interest, Rents, etc. (including Trust Fund 31,000.00) . Total Income BISBERSEMENTS-— 1895. Death Claims . — 88,677,033. Endowments 2,072, 445.01 Dividends and other payments to policy-holders 6,044,053. All other payments—Commissions, Taxes, Salaries, Medical Fees and Advertising. 7,869,523 Total Disbursements Excess of Income ........ INSURANCE ACCOUNT. NUMBER AMOUNT Paid-for Policies in force, December 31, 1894 2reeeit ae 262,246 -$771,837,770 Now Paid-for Policies, 1895....... .. ee a .. - 58,943 127,492,555 Old Policies Revived, Increased, ete . A S 691 8,507,763 Total . 2 : -816,880 $907,838,087 Total Terminated in 1895 . 108,810,758 Paid-for Policies in force Decombor 31, 1895 2 Ss $799,027,320 Gain in 1895 es : $27,180,689 Policies Declined in 1895 : 21,649,889 CERTIFICATE OF SUPERINTENDENT. STATE OF NEW YORK. INSURANCE DEPARTAENT. Albany, January 11th, 1896. I, JAMES F. PIERCE, Superintendent of Insurance of the State of New York, do hereby certify that the NEW-YORK LIFE INSURANCE COMPANY, of the City of New York, in the State of New York, is duly authorized to transact the business of Life Insurance in this State. I FURTHER CERTIFY that, in accordance with the provisions of Section Eighty-four of the Insurance Law of the State of New York,| have caused the policy obligations of the said company, outstanding on the 3lst day of December, 1895, to be valued as per the Combine Experience Table of Mortality, at FOUR PER CENT. interest, and I find the net value thereof on the said 31st day of December, 1895, to be $14'7,740,656.00 I FURTHER CERTIFY that, from its Annual Statement for on the basis of ADMITTED ASSETS, December 31st, 1895, filed in this Department, the NET SURPLUS to policy holders is shown to be $174,7010°S0.54, 77. after deducting therefrom the NET RESERVE ($147,740,636.00) # $24,0388,S .8e, | calculated by this Department, and all other Liabilities. te 81 IN WITNESS WHEREOF, I have hereunto subscribed my name, and caused my official seal to be affixed at the City of Albaxyi the day and year first above written. [AMES F. PIERCE, Superintendent of Insurance. J. comicbooks.com