Life — January 18, 1900 — page 20: what you’re looking at

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

January 18, 100, FIFTY-FIFTH ANNUAL STATEMENT, New York Life Insurance Company, Nos. 346 and 348 BROADWAY, JOHN A. McCALT, NEW YORK CITY. President. BALANCE SHEET, JANUARY 1, 1800. ASSETS. United States, State, City, County and other Bonds (cost value $138,812,584), market value, Dec. 31, 1899. §144,528,785 Bonds and Mortgages (715 first iiens) - 86,297,517 Real Estate (72 pi- ces, including twelve offic buildings) 17,082,000 Loans to Policy-holders on their policies as security (legal vatue thereof, $18,000,000). 11,557,714 Deposits in Trust Companies and Backs. at interest . 10,050,049 Stocks of Banks, Trust Companies, &c. ($3, 232 cost ee value), market value, Dec. 31, 1899.. 5,955,500 Loans on Stocks and Bonds (market value $4,177.528).. 8,278,420 Quarterly and Semi-Annual Premiums not yet due, reserve charged In Liabilities. 2,254,890 Premiums in transit, reserve charged in I jabilities 2,206.423 Premium Notes on policies in force (Legal Reserve to secure same. $3,400,000). 1,850,404 Interest and Rents due and accrued... 1,889,116 Total Assets LIABILITIES. Polley Reserve (per certificate of New York Insurance Depar tment): Dee, $1, 1899 $1 92,024 24 All other Liubilities: Poites Cl ments, &c., awaiting presentment r payment Additional Policy Reserve voluntarily set aside Company Accumulated Surplus Funds, voluntarily ‘Teserved and set as'de by the Company to provide Dividends pay- able iad polley. holders during 1900, and In subse- juen' First arable to Policy-holders in 1900):— To holders of Accumulation Policies, the neriod of which matures In 1900 $2,178.107 To holders of Annual Dividend Wolicies 594,194 To holders of 5-Year Dividend Policies 125,884 Total in 1900. $2,897,685 Second.—(Payable to Policy-holders, subse- quent to 1900, asthe periods mature):— ‘0 holders of 20-Year Period Policies. To holders of 15-Year Period Polici-s. To holders of 10-Year Period Policies. To holes ore 5- year Dividerd Policies. 17,588,264 7,628,811 577,687 279,965 Other Funds er say other contingenctes. Total Liabilities CASH INCOME, 1899. New Premiums (Annuities, $1,517,928)... ..§10,856,887 Renewal Premiums.. 81,781,615 TOTAL PREMIUMS $42,188,502 Interest on: Bonds. Mortg: Loans to Policy-holders, reserves on policies. Other secaritie: Rents received Dividends on Stocks... TOTAL INTEREST, RENTS, &c. 10,282,761 Total Income.. «$6,121,508 1,862,886 + 786,406 + 876,725 + 890,805 244,486 secured ‘by $52,371,263 EXPeNDITURES, 1899. Paid for Losses, Endowments and Annuities. Paid for Dividends and Surrender Values. Commissions and all other Sie to agents 069) on New Business of $202,809,080: Medicai Exami- ners’ Fees, and Inxpection of Risks ($527,799) Home and Branch Office Prpenees, Taxes, Advertising, bs he uipment Account, Telegraph, Postage, Com- missions on $859,562.905 of Old Business, and Miscellaneous Expenditures Balance— Excess of Income over Expenditures for year. VA Total Expenditures and Balance....852,37 | ,26 5,882.53 19,695.8 INSURANCE ACCOUNT, ON THE BASIS OF PAID-FOR BUSINESS ONLY. Amount. In Force December 81, 1898... $944,021,120 New Insurance Paid for, 1899. 202,809,080 Old ety tcled revived and Increased, 1899.. a . 2,878,077 Total Pald-For Business..474, 407 $1,149,203,277 DEDUCT TERMINATIONS: By Death, Maturity, Surrender, Expiry, &c Paid-for Business in Force Dec. 81, 1899 437,776 $1,061 ,871,985 Gain in 1899 68,842 $17,850,865 86,631 87.881.292 COMPARISON FOR EICHT YEARS. (1891-1899.) Dec. 81st, 1891. Deo. 81st, 1809. Gain in Eight Yer) $125,947,290 $236,460,348 $110,503 0 31,854,194 62,371,263 Assets - cl Income i Dividends of Year to Policy-Holders Total Payments of Year to Policy-Holders Number of Policies In Force Insurance In Force, premiums pald 1,260,340 2.768.748 12,671,491 22,206 977 182,803 437,776 $576,689,649 $1,061,871,985 $486,18 — Certificate of Superintendent of State of New York Insurance Department. Albany, January 4th, 1900. I, LOUIS F. PAYN, Superintendent of Insurance of the State of New York. do hereby certify that the NEW-YORK LIFE INSURANCE COMPANY, of ihe gus of New Yo the Stato Cis new York. A MUTUAL LIF® INSURANCE COMPANY having no Spal Stock, Is duly authorized to transact the bu-iness of Life Insurance in this ER CERTIFY that. tn accordance with the provisions of Section gnty four Of the Insurance Law of the State of New York, I have caused the Talley cit sald Company. Peatstandian on the Sist day of December, 1899, to be valued as per the Combined Experience Table of Mortality, at four per cent. interest, and 1 certity er Ea SHRI sane Ate We SEAL RA oy ay gerne & Sn te Toa ate “ je general Liabilities 0 Net Policy Keserve, ak calculated by this department, 102,024,261, making tbe Total Liabilities per Stato Laws, $195,014,864- The additiona: Policy Reserve voluntary set nalde by the Company, 63,607,6 ioe rey 21955028) The Accummulatec Surplus Funds voluntarily resorvad and sot aside by tbo Company toprovide dividends payable to polioy-holders in 1900, and tn subsequent years, $28,862 Other funds for all other contingencies, 89,065,422. TN WITNESS WHEREOF, 1'bave hereunto subsetibed iny name and caused my official scal to be affixed at tho City of Albany, the day and year first above wrtten. LOUIS F. PAYN, Superintendent of Insw PRESS OF THE J. W. PRATT £0., NEW YORK.