The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-02-17


NEW YORK LIFE INSURANCE coMfAMY,-fI@
Principal Office: New York City. New York
s4 4ohp = eGa
g s - 4 INCOME IN 1903. 81
First years premiums $lb,ISo 81
Renewal premiums .......:... 56,ol9, LOO 90 z
Dividends ana surrender values 59s8
applied to purchase paid up In 49, IL. s.
.t Total al, premium premium income sS2 IA
Dividends to policy holders. 5,sse, 2s2 g
From nss all a othsr sources
rotal 1 Observation-Disclosures IN 1867 sss s
Death claims and matured en- 49, I, ~ ;. ],
-Annaities and premium notes .;
Surrender values ipes to policy hold
Dividends to poii.y holders 49,. S,sss,5Ssas
Total paid policy holders. s34. eo4, 24s.98
Commissions, salaries and ex-
penses OF agencies ............ Is, 1881, 9OO.71
and examiners fees 1870. 1,71s,75es5
Paid for claims on supplementary
All other disbursements ....,. s,15s, 7ss 90
Total disbursements ....... $50, $3.50, 45s IS
Excess OF income over disburse
I'' ASSETS DEc. 81. 1908. 90 0'o'o' s so .
Value Of real tie owned 49,. $12,725, 100000
N Mo9rtgage loans ................. ,531,77434
Premium not2s and policy loans. a1,e41. Ii /
Bonds and stocks owned. ....... 247, 1914, 1888 .06
Cash in office and in bank. ...... 22,128,134.O5 y
Accrued interest and rents. ...... 2,1S5, 90 II
Deferred and unpaid premiums. 6,167,726.9S
Total admitted assets $3.50, $50, o47 81
LIABILITIES DEC. 81, 1903.
Net value OF outstanding policies $500, o9o. s47 90
Present value supplementary
es%s S AND ana 5 SsPsSsa ps.
Claims adjusted and not due, and
unadjusted and reported. ..... 2,o45, os5. 5s
fre%ium lssi paid in advance sssSe9
Dividends due policy holders. -. $50, $50. "a s
All otSer la isfStSs 41ss sas s.
Total liabilities on policy
nxHSfF Ss'
Policies in force at be-
ginning Of the year. .7O4, 567 81 553 CPS, O28
Policies in force at close
Of the year ...........s12,711 ,745,212,ses
Net increase ..:.,... 1os,144 sis1, 5s4,s7s
= creased during the year.177, 1852 1926, S75, os4 4
Total terminated during 81
By death e,sss i is s S. SIS SIS
Ny maturity ............ 1901 4,s5e.4l5 i
~ expiration 42,3S1 T4,35S,042
~ surrender ........... II ,1A 27496. 20S 3
9y i.apse ................ 1920 7,0O5,544f5
BUSINESS in MiNNEsooTA IN 1868 s'''ioe
Policies in force at begin
ming OF the year .......... S512 $16s7 ,562
Issued during the year. 49,. 2S3S 456S557
Ceased to be in force during II
the year .............. 716 / $50 479
IN 1orce Dec. 81, last. ...... 10,634 90 153, $40
Losses and claims incurred dur 1@
ing the year, .,................ SIS, 125, 21o.st
ing the year, .,........:. Sc, lit, 161.s1
Losses and claims unpaid Dec.
81 ................ 4,O0S, 10000
Received for premiums 723, 500. 90
STATE OF MINNESOTA.
Department Of Insurance
Whereas, the New York Life Insurance Com
pany, corporation organized under the laws
OF New York, has fully complied with the pro-
visions of the laws of this state relative to the
admission and authorization of insurance COM
panies of It's class. $500
Now, therefore, I, the undersigned, Insurance
commissioner. do hereby empower and authorize
the SAID above named company to transact its
appropriate business of life insurance in the
state OF Minnesota, according to the laws there
or until the thirty-hrst day of January, A. D.
wise legally terminated prior thereto.
IN testimony whereof, have hereunto set my
mana ana AFFIXED my official seal at st. Paul.
TINS 5Oth day of January, A. D. 1904
ELMER H. DEARTH,
Insurance Commissioner.