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I
FIFTY-SIXTH ANNUAL REPORT
OF THE
New York Life Insurance Company ,
JOHN A. MCCALL , PRESIDENT.
OFFICE : 346 & 348 BROADWAY , NEW YORK. -
1 , 1QO1.
ASSETS.
Real Estate . . - . $ 16 925 900 " *
Bonds and Stocks . 170,854 974
Bonds and Mortgages . 84 7H8.942
Loans secured by collaterals . 2 894 000
Premium Loans . 16 516.188
Cash in Office and in Banks and Trust Companies . 14.070. 1 77
Interest and Rents due and accrued . 1,680 405
* Net amount of uucolleoted and deferred Premiums . 4,955 981
Total Admitted Assets as per Certificate of Insurance Department $263,106,512
LIABILITIES.
Reserve Value of Policies and Annuities ( those issued prior to January 1 , 1899
valued as per Combined Experience Table of Mortality with 4 % interest ;
those issued since January 1 , 1899 , as per American Table of Mortality
with & % interest ) , as per certificate of New York Insurance Department . . $218,082.202 "
General Liabilities . . . ,8,175,059
Additional Reserve on Policies which the Company values on a S % or a 8J %
bat-is , over the 4 % valuation by the Insurance Department . 4,288,077
Reserve to provide dividends payable to policy-holders during 1901 , .and in sub
sequent years , per policy contracts
Payable to Policy-holders in 1901 . $8,537,790
Payable to Policy-holders , subsequent to 1901 , as the periods mature :
To holders of 20 Year Period Policies . 19.704.511
To holders of 15 Year Period Policies . 7,422 746
To holders of 10 Year Period Policies . 46 1.976
To holders of Year Dividend Policies . 257,882
Aggregate . 81,885 855
Other Funds for all other contingencies . 10.820.319
Total Liabilities . $262,196.512
INCOME.
y
Total Premium Income . $48.758 578
Interest. Rents , etc . 10,155,941
Total Income . $58,914,519
DISBURSEflENTS.
Death-Claims paid . $12 580 993
Endowments paid . 2,949.575
Annuities , Dividends , Surrender Values , etc . 7,825,258
Total paid policy holders . $28,855 826
Commissions , Brokerages , and all other payments to Agents . 6 586 522
Home Office and Branch Office Salaries and Physicians' Fees . 2 898 671
Real Estate exoenses , Taxes , Advertising and all other expenses . 2.285 844
Total Disbursements . . $35,126.363
New Policies Paid for during 1900. 115.299 , insuring $232.888 255. r
Total number of policies in force January 1 , 1901 , 511,600 , insuring $1,202,156,665.
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