Life, 1915-01-28 · page 33 of 40
Life — January 28, 1915 — page 33: what you’re looking at
What you’re looking at
This is a financial document, not a satirical cartoon page. It's a summary of the New York Life Insurance Company's 70th annual report, presented to readers of *Life* magazine in 1915. The page displays balance sheets, assets, liabilities, income, and disbursements for the company as of January 1, 1915. It shows Darwin P. Kingsley as president and reports $223.5 million in new insurance paid for in 1914, with total assets of $790.9 million. While *Life* was primarily a satirical magazine known for political cartoons, this particular page appears to be paid advertising or a corporate financial statement inserted into the publication—common practice in early 20th-century magazines. There is no visible satirical content, caricature, or joke on this page.
📄 Transcribed text from this page (OCR, searchable)
Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.
eA lh eid okie ies SUMMARY OF 70th ANNUAL REPORT _ OF THE NEW-YORK LIFE INSURANCE COMPANY 346 & 348 BROADWAY, NEW YORK DARWIN P. KINGSLEY, President NEW INSURANCE PAID FOR IN Exclusive of Revivals and Increase in Old Policies $223,571,200 TOTAL PAID-FOR INSURANCE IN FORCE $2,347,098, 388 TOTAL ADMITTED ASSETS JANUARY 1, 1915 $790,935,395 1915 Balance Sheet, January |, 1914 ADMITTED ASSETS LIABILITIES RealEstate. 2 2 1 1 1 eee 4 + © $9,826,142.06 | Policy Reserve . . . . . . . « « « $651,889,465.00 Loans on Mortgages... . . « « « « 156,674,059.30 Other Policy Liabilities . . . . . . . . 11,856,997.88 Colateral Loans. © 2 1. 1. ee 150,000.00 i = a wer 4,048,933.57 Lona on’ Pbeies |. 183,375,218.04 aoe Se Sa neve ke iad Stock (Market Value Dee. 31, 1914) 438,322,671.10 a oe eae as 13,964,565.01 Dividends payablein 1915 . . 2. 2. we 17,104,119.86 — ed Ram docisad sanicdi-e 5 ss. 9,291,253.31 Reserve for Deferred Dividends . . . ... — 88,902,104.00 Premiums due and deferred. . . 2 1. . 9,331 ,486.79 Reserves for other purposes . 2. 1 1. 15,800,482.25 Total . . . 1 1. « « « © $790,935,395.61 Total . . . 2 1... . . $790,935,395.61 INCOME, 1914 DISBURSEMENTS, 1914 Payments to Policy-holders: Premiums : On New Policies . . . $9,061,420.82 Death Losses + + $26,269,756.21 On Renewed Policies . . 79,153,606.31 To Living Policy: holders . 45,693,673.36 dream Annuities, etc. 2... 52,150.86 1963,429. nt Brasbs1 5 - $90,467,177.99 Paid under sepplementey contracts and other pay- Rell Euate Renta Bee asenien ments. tee ee 365,019.12 a a cal Syn we Ff Re Bis mm 509,010.87 Com'ns and other Pay't ts to Ages foe . 6,831,867.23 ton PETBABES) es iat ont ew at wwe La balers Medical Examination and Agency mance ete. 2,657 ,836.44 luerest on Policy Loans . 2 2. 1. 7,158,715.58 Home Office Salaries . _ 1.786,881.72 =" rove Secit ye tN WD ee te Taxes, Licenses and Insurance ‘Dept. Fees a Fs 1,190,478.01 Pa on Bank Deposit, ete. 9. 6 2. - tS Rent and Real Estate Taxes and ciate a % 887,186.65 oft on Sale or Maturity of Assets... 8 30,263.58 All'other Expenses 1,269,732.81 pe eee Lede , Loss on Sale or Maturity of Assets»... . 621,589.06 Ober locome 4 . aan tah Decrease by adjustment in Book Values . . . 1,704 ,666.22 ae ai arr For Reserves to meet Policy Obligations . . . —36,987,887.81 Total . . . . . . « ~~ $126,266,574.64 Total . 2... ee - $126,266,574.64