viii   TWENTY-NINTH ANNUAL REPORT OF THE

ASSETS.

Table No. II gives the assets of life insurance companies doing business in this State] on SDecember 31, 1887. The gross assets were $595,679,477.99, an increase of $35,554,118.10, as compared with the previous year. Of this amount New York State companies have $335,746,438.71, an increase of $23,923,745.48; companies'of other States, $259,933,039.28, an increase of ,$11,630,372.62. The aggregate of premium notes and loans snows a decrease of $319,500.64 during 1887, while deferred and uncollected premiums have increased $1,042,556.07.

LIABILITIES.

Table No. III shows in detail the liabilities of the several companies, the totals of which, excepting $4,558,500 of capital stock, are $523,251,811.86. The increase during the year was $64,388,879.40. The liabilities of New York State companies as reported are, $294,391,345.48 ; companies of other States, $228,860,466.38. The surplus as regards policy-holders is: New York State companies, $41,355,093.23 ; companies of other States, $31,072,572.90 ; aggregate, $72,427,666.13.

INCOME.

From table No. IV it appears that the aggregate income of New York State companies was $83,476,641.47, an increase over 1886 of $10,075,287.47. Other States' companies, $47,180,884.21 ; increase, $3,620,923.11 ; making the gross income $130,657,525.68, and the gross increase over the income of the preceeding year, $13,696,210.58. The net excess of income over expenditures for 1886 was $34,642,218.94, while for 1887 it was $37,210.236,46.