Life, 1901-02-21 · page 20 of 20
Life — February 21, 1901 — page 20: what you’re looking at
What you’re looking at
This is not a cartoon page—it's a formal financial document. The page reproduces the Equitable Life Assurance Society's forty-first annual statement, displaying assets of approximately $304 million and listing the company's directors and officers. The document appears in *Life* magazine, likely as both advertisement and public credibility-building. The company was prominent enough (its New York headquarters, the Equitable Building, is listed among assets) that *Life* published its financial statements. What's notable historically: this was published during the Progressive Era, when insurance companies faced increasing scrutiny over reserve practices and investment management. The detailed public disclosure shown here reflects growing demands for corporate transparency, though specific reserve valuations remained contested between state regulators and insurers.
📄 Transcribed text from this page (OCR, searchable)
Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.
Life Assurance Society. Of the United States. Forty-first Annual Statement, for the Year Ending Decembet 31, 1900. ASSETS. | Bonds and Mortgages. .... $45,411,662.86 Real Estate in New York, including the Equitable Building . . United States, State, City and Railroad Bonds and other in vestments (market value over cost, $15,376,012.00) a: 24,467, 368.62 96, 244.00 Loans secured by Bonds and Stocks (market value, $31,¢33.188.0c0) Policy Loans. .... wee Real Estate outside of New York, including 12 office buildings . Cash in Banks and Trust Companies at interest... é 13,721, 356.50 17,718,576.56 Balance duc from agents. . 524,183.14 Interest and Rents, (Due $107,760.95. Accrued $489,228.9) 596,989. 54 Premiums due and in proce: 3 4, 101,447.00 Deferred Premiums...... 2,416,003.00 Total Assets ..... $304,598,063.49 We hereby certify to the correctness of the LIABILITIES. Assurance Fund (or Reserve) $235,343+493-00 All other Liabilities . 3.117,400.48 Total Liabilities. . . $238,460,893.48 Surplus ........... $66,137,170.01 INCOME. Premium Receipts....... $45,319, 138.69 Interest, Rents, ctc....... 12,687,992.29 Income..... DISBURSEMENTS. Death Claims... wees $14,860,952.15 Endowments and deferred 5,039,038.75 dividend policies Annuities . . . 668,923.98 Surrender Values . 1,915,443-77 3,481,640.65 Dividends to Policyholders . Paid Policyholders . $25,965,999.30 Commissions, advertising, postage and exchange ane: All other disbursements... Sinking Fund. Reduction of book values of Bonds purchased at a premium... . Disbursements ..... $36,499,126.51 5,604, 396.1 4,692,571.10 236, 160.00 bave statement. SON, Auditor. ALFRED W. MAINE, 2nd Auditor ASSURANCE. INSTALMENT POLICIES STATED AT THEIR COMMUTED VALUES. Outstanding Assur- ance........... $1,116,875,047.00 New Assurance... $207,086,243.06 + We hereby certify to the correctness of the above statement. The Reserve as per the independent valuaticn of the N. Y. Insurance Department, is $235,032,907. For Superintendent's certificate sce Detai J. ed Statement, G. VAN CISE, Actuary. RK. G. HANN, Assistant Actuary. We have examined the accounts and Assets of the Socicty, and certify to the correctness of the foregoing statement. WM. A. WXZELOCK, J. H. DUNHAM, JAMES W. ALEXANDER, President. Second Vice-Pres DER, Secretary. » Registrar. | GAGE E, TARBE! WILLIAM ALE. JAMES B, LOR C. LEDYARD BLAIR, GEORGE T. WILSON, THOMAS D. JORDAN, Comptrotier. EDWARD W. LAMBERT, M.D.,and EDWARD CURTIS, M.D., Medical Directors, C. B. ALEXANDER, GEO. II. SQUIRE, ‘Special Committee of the Board of Directors. JAMES H, HYDE, Vice-President, Third Vice-Pres, WILLIAM H, McINTYRE, Fourth Vice-Pret, SIDNEY D. RIPLEY, Treasurer, DIRECTORS. . }. W. ALEXANDER, JOHN A. STEWART, A. J. CASSATT, ROBT. T. LINCOLN, J. J. ASTOR, GAGE E. TARBELL, MARVIN HUGHITT, WM. H. McINTYRE, SAMUEL M. INMAN, BRAYTON IVES, ALANSON TRASK, LOU:3 FITZGERAL! ‘CHAUNCL ° M. DEP! WM. A. WHEELOCK, MARCELLUS HARTLEY, HENRY G. MARQUAND, CORNELIUS N BLISS, GEORGE H. SQUIRE, THOMAS D. JORDAN, C. B. ALEXANDER, GEO. W. CARLETON, D. O. MILLS, GEO. J.G LEVI P. MORTON, WM. A. TOWER, ULD, GEO. T. WILSON, T. DeWITT CUYLER, E, W. LAMBERT, H. M. ALEXANDER, J. F. pt NAVARRO, M. E. INGALLS, JAMES H, HYDE, JACOB H. SCHIFF, JOHN SLOANE, CHAS. S. SMITH, WM. ALEXANDER, JOHN J. McCOOK, H.C. HAARSTICK, - DAVID H. MOFFAT, SIDNEY D. RIPLEY, V. P. SNYDER, JOSEPH T. Low, T. JEFFERSON COOLIDGE, AUGUST BELMONT, Six WM. C. VAN HORNE, THOMAS T. ECKERT, A. VAN SANTVOORD, JAMES H, DUNHAM, C. LEDYARD BLAIR, WM, H, BALDWIN, Jug THOMAS S. YOUNG. Press ot The J. W. Pratt Co., 52 Duane st., New York, comicbooks.com