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[Vol.. XI. No. 266 



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NEW-YORK LIFE INSURANCE CO. 



Office: Nos. 346 & 34*.. ;roadway, New York. 



cr-A.isrxj^A.i?,"y 1, isss. 



Amount of Net Assets, January i, 1887 $71,819,623.48 



REVENUE ACCOUNT. 



Premiums $I9,32S,51'J.87 



Less deferred premiums, January 1, 1887 1,041,666.15— $18,886,853.72 



Interest and rents, etc 4,252,4.30.fO 



Less Interest accrued January 1, 1887 486,497.10- 3,765.93.3.40- 



$22,052,787.12 



$93,872,410.60 



DISBURSEMENT ACCOUNT. 



Losses by death, and Endowments matured and discounted (including reversionary additions to same) , $4,-361,366.83 



Dividends (including mortuary dividends), annuities, and purctiased insurances 5,173,813.96 



Total Paid Policy-holders $9,5.35,210.79 



Taxes and re-insurances 264,495.60 



Commissions (including advanced and commuted commissions), brokerages, agency expenses, physicians' fees, etc 3,531,026-06 



Oface and law expenses, salaries, advertising, printing, etc 62 9,360.98- 



ASSETS. 



$79 



$13,960,093.43 

 ,91 2,317, 17 



Cash on deposit, on hand, and in transit $3,038,499.60 



United States Bonds and other bonds and stocks (market value, $62,255,814.82) 49,088,286 14 



Eeal Estate 6,887,092.59 



Bonds and Mortages, first lien on real estate (buildings thereon insured for $14,000,000 and the policies assigned to the Compauy 



as additional collateral security) 15,969,372.78 



Temporary Loans (market value of securities held as collateral, $2,404,853) 1,867,500.00 



*Loaus on existing policies (the Reserve on these policies, included in Liabilities, amounts to over $2,000.000) 388,799.44 



•Quarterly and semi-annual premiums on existing policies, due subsequent to Jan. 1, 1888 1,174,340.36 



•Premiums on existing policies in course of transmission and collection. (The Reserve on these policies, included in Liabilities, 



is estimated at $1,300,000) 839,156.08 



■ balances 170,792.59 



Accrued Intei-est on investments, January 1, 1888 488,477.59— $79,912,317.17 



Market value of securities over cost value on Company's books 3,167,528.68 



ual report filed with the Insurance Department of the State of New York. 



* A detailed schedule of these items will accompany the usual ; 



TOTAL ASSETS, January i, 1888, - - . _ - _ . 



Appropriated as follows: 



Approved losses in course of payment $327, 



Reported losses awaiting proof, &c 292, 



Matured endowments, due and unpaid (claims not presented) 27. 



Annuities due and unpaid (claims not presented) 13, 



Reserved for re-insurance on existing policies; participating insurance at 4 per cent. Carlisle net premium; non- 

 participating at 5 percent. Carlisle net premium $68,807,642.00 



Additional amount of Reserve (transferred from Surplus account) required on account of new State Standard of 



valuation (Actuaries' 4 per cent.), taking effect December 31, 1887 1,592,098.00—70,399, 



Reserved for coulingent liabilities to Tontine Dividend Fund, January 1, 1887, over and above a 4 per cent. Reserve '■ 



on existing policies of that class 4,176.425.25 



Addition to the Fund dui-ing 1887 1,785,602.54 



DEDUCT— " $5,962 087.79 



Returned to Tontine policy-holders during the year on matured Tontines 646,306.96 



$83,079,845,85 



,078.33 

 ,214.54 

 ,582 30 

 ,042 96 



$76,428,265.74 



Divisible Surplus (Company's new Standard) $6,6.51,580.11 



$83,079,845.85 



Surplus by the present New York State Standard, i.e., 4 percent. Actuaries' (including the Tontine Fund) $1 1,846,793.06 



From the undivided surplus, as above, the Board of Trustees has declared a Reversionary dividend to participating policies in proportion to their contri- 

 bution to surplus, available on settlement of next annual premium. 



Number of policii 

 Total number of policie; 



ned during the year, 28,522. Risks 

 )rce December 31, 1887, 113,323. A 



umed $106,749,295. 



ant at risk, $358,93.5,536. 



WM. H. APPLETON. 

 WILLIAM H. BEERS, 

 WILLIAM A. BOOTH, 

 Hon. BENJ. H, BRISTOW, 

 HENRY BOWERS, 



TRUSTEES: 



JOHN CLAPLIN, 

 ROBERT B. COLLmS, 

 ALEX. STUDWELL, 

 ELIAS S. HIGQINS, 

 WALTER H. LEWIS, 



THEODORE M. BANTA, Cashier. 



A. HUNTINGTON, M.D., Medical Director 



EDWARD MARTIN, 

 RICHARD M0SBR, 

 GEORGE H, POTTS, 

 O. O. BALDWIN, 

 JOHNN. STEARNS, 



WM. L. STRONG, 

 W. F. BUCKLEY, 

 HENRY T0CK, 

 A. H. WELCH. 

 L. L. WHITE. 



WILLIAM H. BEERS, President, 

 HENRY TUCK. Vice-President, 

 ARCHIBALD H. WELCH. 2d Vice-President. 

 PUFUS W. WEEKS, Actuary. 



