Life — January 22, 1903 — page 20: what you’re looking at

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

Fifty -Eighth Annual Statement of the NEW-YORK LIFE INSURANCE CO,| JOHN A. McCALL, President. 346 & 348 BROADWAY, NEW YORK CITY. JANUARY I, 1903. ASSETS. INCOME, 1902. (Company dves not invest in or loan upon stocks of any kind.) k United States, § rity, County and other Bonds (cost New Premiums (Annuities, $1, Aa AO) a ACE $15,588,023 value, $218,4 arket Value, December 81, 1902 $225,039,205 | Renewal Premiums..... 49,461,023 Bonds al 502 . 26,125.31 Interest, ete. (Trust Fund, "$463, 31). 14,058,458 Deposits in Trust Companies and E i :. 22,622,05% Loans to Policy-holders on their Polic 22,093,674 Real Satnie (26 pieces. including 12° office buildings, valued it $10,000,000) ....0..5 F sees 12.880,000 DISBURSEMENTS, 1902. Loans on Bonds (market valuc, $5,! i 4,104,000 Death-Claims paid ‘ «+ $15,982,507 Quarterly and Semi-Annual Premi Endowments pa 4,045,102 serve charged in — : » 8,147,087 Annuities, Dividends, nn Premium Notes on Policies i : el +. 10,618,229 Pret Total paid poliey-olders. . $80,595,888 Interest and Rents acer d rrr 8 Commissions, Brokerages, and all other pay- Total Assets (perCerti le of New York Ins. Dept. ments to "Agents ceseeeeess 8,869,787 LIABILITIES. Home Office and _E i Policy Reserve per Certificate of New York Insurance Physicians’ Fees. . ++ 4,829,896 Department (see below), December 31, 1902 . $268,344,420 Taxes, Advertising and all other expenses 8,130,070 All other Liabilines ; Policy Claims, Annuities, Endow- . : _ ments, etc,, awaiting presentment for payment...... 4,462,361 Total Disbursements............ ” $46,925,591 Aealtio al Reserve on Policies which the mpany values ona 3 per cent. or a 314 per cent. basis, over the 4 INSURANCE ACCOUNT, per cent, valuation by the Iusurance Number, Amount. Reserve to provide dividends’ payable io Rald-for Insurances {u.Foree, December: ey tole ls a BL 1901... eee 599,818 $1,865,369,299 policy-holders during 1908, anc fa sub- - Sequent years, per polic: New Pajd.for Insurances, 1902..........155,440 802,798,229 To holders of 20-Year Pe riod. ‘Polic S Old Insurances Revived, ete............ 1,444 and longer - — To holders of 15-Year Period Polic 270, Totals To holders of 10-Year Period Policies 8 a aC eee a ae yee . - To holders of 5-Year_ Period Policies 7, Total Terminated in 1902....... 52,135 To holders of Annual Dividend Policie: aoe, Reserves to provide for all other contingencie Paid-for Insurances in Force, Decem- Total...... . 034, Der 81, 1902...........ceeeeee ee ee ee 104,567 Total Liabilities (per Certificate of New York In= surance Dept.) .o45 cecvsvcovesawesssvvanvsns $32y, Total Income..................665 Gain in 1902.............6-.104,749 — $188,258,727 CERTIFICATE OF SUPERINTENDE) OF STATE OF NEW YORK INSURANCE DEPARTMENT. Avsany, January 8, 1903. » FRANCIS HENDRICKS, 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, a Mutual Life Insurance Company, having no capital stock, 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, I have caused the Policy obligations of the said Company, outstanding and paid for on the 81st day of December, 1902, to be valued on the following basis: Policies known as the Company's three per cent. Policies, and all Policies issued since December 81, 1900. being valued as per the American Ex. perience Table of Mortality with three per cent. interest, and all other Policies being valued as per the Combined Experience Table of Mortality with ‘our per cent, interest ; aud I hereby certify the result to be as follows : Net Reserve Value of Policies % $250,008,234.00 " * Additions. Toti $268,589,074.00 Less Net Reserve v alae of Policies re-insured. Pore : . 244,654 00 Total Net Reserve Values...........+. ee s CEN ENSUE ES SE NTEERES. Nee errr etree errr seeeeeees $268,344 421 I FURTHER CERTIFY, from the sworn Report of the Company: on file in this Department, that the Admitted ASSCIS AFC... ose cece eens Reserve Values of Policies as calculated by this Department. a3 - +++ $268,844,420.00 General Liabilities... ... 4,462, 861.17 Additional Reserve on Policies which ‘the Company values on “a higher basis than that used by) the + Department, as above stated Reserve to provide dividends payable to policy holders in 1903 and in ‘subsequent Years. Reserves to provide for all other contingencie Total Additional Reserves....... Total.......s000. : IN WITNESS WHEREOF, I have hereunto subscribed my name and caused my official seal to be affixed at the City of Albany, Year first above written, FRANCIS HENDRICKS, Superintendent of Insurance. $322,840,900,08 PREES OF THE J. W. PRATT CO., NEW YORK. comicbooks.com