Life, 1921-03-10 · page 6 of 36
Life — March 10, 1921 — page 6: what you’re looking at
What you’re looking at
This is not a satirical cartoon page from Life magazine. Rather, it's a financial document—specifically, a **Balance Sheet from the New York Life Insurance Company dated January 1, 1921**. The page shows the company's assets (totaling $966,664,397.19) and liabilities, along with payment information from 1920. It highlights that over 200,000 new members joined in 1920, representing $693,979,400 in new business—described as "the largest new membership in the history of the Company." The page concludes with a Board of Directors listing and a recruitment notice for "energetic, educated young men" interested in life insurance work. This is corporate advertising and financial reporting, not political satire.
📄 Transcribed text from this page (OCR, searchable)
Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.
New York Life Insurance Cor (Incorporated under the laws of the State of New York.) at 346 and 348 Broadway, New York, N. Y. DARWIN P. KINGSLEY, President Balance Sheet, January 1, 1921 LIABILITIES Real Estate $ 8,407,481.00 Policy Reserve. eee $759,017,764.00 Loans on Mortgages 164,796,225.60 Other Policy Liabilities ... 26,552,728.77 Loans on Policies 147,499,247.07 | Premiums, Interest & Rentals Loans on Collateral... 6,565,500.00 Liberty Bonds and Victory Notes 109,722,115.37 Government, State, County and bbc “ pete eeeeee +++ 7,270,905.89 Municipal Bonds 141,539,552.50 Additional Reserves..... + 6,733,983.67 Railroad Bonds . 343,293,117.30 Dividends payable in 1921. seeee 37,446,654.87 8,416,460.10 Reserve for Deferred Dividends 76,176,646.00 10,574,203.04 Reserves, special or surplus funds Uncollected and Deferred Premiums 13,711,710.24 not included above. ....... sees 49,232,393.96 Interest and Rents due and accrued 12,087,598.25 Other Assets 51,186.72 4,233,320.03 Taxes, Salaries, Rentals, Accounts, Miscellaneous Bonds & Stock. Total....---- $966, 664,397. 19} Total ..-. sereeeee+ $966,664,397.19 During 1920 the Company Paid To Beneficiaries . » . . . $35,453,758.67 To Living Policy- Holders . . ; 79,395,838.63 Total Policy Payments . . . . . $114,849,597.30 Dividends amounting to $37,446,654.87 were authorized by the Directors and will be paid in 1921. Over 200,000 new members (including former policy-holders who increased their membership) joined the Company in 1920 representing a total new business of $693,979,400.00 The largest new membership in the history of the Company. The New York Life Insurance Company is what its name implies, A LIFE INSURANCE COMPANY. It transacts no other form of insurance. Its policies furnish the broadest coverage and provide For payment of face amount upon due proof of death. For payment of double the face amount in event of Accidental death. For life income to the insured who becomes totally and permanently disabled. There is a great opportunity in this Company for energetic, educated young men who desire to enter our business as a life work. For full particulars address either the Home Office of the Company or one of its Branch Offices. Board of Directors LAWRENCE F. ABBOTT A. BARTON HEPBURN FRANK PRESBREY ALFRED L. AIKEN MYRON T. HERRICK JOHN J. PULLEYN JOHN E. ANDRUS GRANGER A. HOLLISTER FLEMING H. REVELL CORNELIUS N. BLISS, Ir. ALBA B. JOHNSON GEORGE M. REYNOLDS NICHOLAS. MURRAY BUTLER WILLARD V. KING ELBRIDGE G. SNOW GEORGE B. CORTELYOU DARWIN P. KINGSLEY HIRAM R. STEELE JOHN H. FINLEY RICHARD I, MANNING OSCAR S. STRAUS DAVID R. FRANCIS JOHN G. MILBURN S. DAVIES WARFIELD GERRISH H. MILLIKEN comicbooks.com