Life — January 20, 1898 — page 26: what you’re looking at

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

LIFE FIFTY-THIRD ANNUAL STATEMENT. New York Life Insurance Company Nos. 346 & 348 BROADWAY, NEW YORK CITY. JOHN A. MCCALL, - - - President. BALANCE SHEET, JANUARY 1, 1898. ASSETS. LIABILITIES. United States Bonds ($4,323,000) and State, City, Policy Reserve (per attached certificate of New County, and other Bonds ($1 0,803, York Insurance Department)... $164,956,079 of both, $1¢ 604, ket vi : 3,804 All other Liabilities: Policy Claims, Ann Bonds and Mortgages A : * 4 2 Endowments, ete., awaiting presentment for Real Estate (7 4 i tw y i 2,866,330 buildings. a 5 e Deposits in Trust € 1 5 st.. 3,9 . 16,195,926 holders on their pol i N é » Ing al thereon, 8 f 7,900,096 . . 17,176,103 Stockeof Banks, Trust Compa a .. ee cost value), market value, Dec. , 5,065,948 and Bonds (mar e 4,507,367 2,164,297 1,889,474 1,486,648 Premium d in Li jabilities $2,700,000 1,189,401 L $200,694,440 | $200, 694, 440 EXPENDITURES, 1897. New Premiums....... 815 Paid for Losses, Endowments and Annuiti Renewal Premiums. ‘ ++ 26 | Paid for Dividends and Surrender Valu TOTAL PI Ms — - $32,980,960 Commis 355.4 8.288. 964) on New Interest, Rents, ete... ceceeeee sees 8,812,124 spec 8 8: 391,185). Home and nranch Office Expenses, tising, Equipment Account,Telegra ph, ‘Postage, Commissions on $741,465,131 of Old Business, and Miscellaneous Expenditures............ 4,770,391 Balance—Excess of Income over Expenditures for year. 13,982,145 $41,793,084 Total.. S41. 9793, 084 INSURANCE ACCOUNT, COMPARISON FOR SIX YEARS. ON THE BASIS OF PAID-FOR BUSINESS ONLY. (1891-1897.) Number of Policies. ‘Amount, Dec. 31st. 1891. Dec. 31st, 1897. Gain in Six Years. In Force, December 31, 1896_.... 299,785 $826,816,648 Assets... ..... $126,947,290 $200.694,440 $74,747,160 New Insurance Paid-for, 1897. 63,708 135,555,794 | Income 31,864,194 41,793,084 9,938,890 699 2,007,825 Dividends of : — Year to Polley. besseessss sessssss 864,192 $964,380,267 sueia ¥ DEDUCT TERMINATIO creas eeee 1,260,340 2,434,981 1,174,641 By Death, Maturit ender, o Numberiof Expiry, e 31,234 +35 2 Policy-Holders 182,803 332,968 160,166 ., 4 R229 OBR GRIT NOD ODE Insurance In In F e De B1,897. force, pro- miums pald. $676,689 649 $877.020,926 $301,331,276 Certificate of ‘Superintendent of State of ; Now York In: Insurance ‘Department. Albany, January 6, 1898. RY LOUIS F. PAYN, Superintendent of Insurance of the State of New York, do hereby certify that the NEW YORK LIFE INSURANCE AY ANY y of New York in the State of New York, is duly authorized to transact the business of Life Insurance in this State. RT ERTIFY that, in accordance with the provisions of Section Eighty-four of the Insurance Law of the State of New York, I have eaiaed the policy obligations of the said company outstanding on the Bist day of December, 1897, to be valued as per the Combined Experience Table of Mortality, at four per cent. and I certify the same to be $164,9: d assets are $200,694,440. 89, The general liabilitie: 366,330.49. The Net Poli¢y Reserve, as calculated by this department, $164,956,079.00. The Surplus Reserved Fund voluntarily set aside by the company, which, added to the Department Poli¢y Valuation, provides a liability equivalent to a three per cent. reserve on all policies, $16, 1 98,92 6.00. The Net (excluding the Surplus RIG, 19 tee of 816, 195,926), $17, 176, 105.40. IN WIT: WHEREOF, I have hereunto subscribed my name and caused my official seal to be affixed at the City of Albany, the day and yea! first above written, LOUIS F. PAYN, Superintendent oh surg