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SZ PEh'I_\"7'E._\7'E.vT OF 'ruF,' xi
It will be seen that at the close of 1887, the companies doing business in this State had 929,853 policies in force, insuring $2,474,507,120, classified, as follows: Whole life, 652,417 policies, insuring Sl,802,750,478; endowment 240,589 policies, insuring S574,390,206; all other, including term and irregular policies, 36,847 policies, insuring $97,366,436. The exhibit of the business in New York, for the year ending December 31, 1887, is as follows: Policies in forge 138,400, insuring S415,214,165; issued during 1887 19,135 policies, insuring .$65,889,095; premiums received, $13,622,348.23; losses incurred, $7,530,785.52; losses paid, $7,897,065.13.
CASUALTY COMPANIES.
Table X shows the business of the Ten Casualty and Fidelity Companies. The assets are reported to be $7,738,511.53 ; liabilities, except capital, $2,886,923.28 ; capital, $3,550,000 ; net surplus, $1,162,129,64 ; income, $5,154,234.62; expenditures, 54,449,925.68; risks in force, $534,984,025.
SECURITIES ON DEPOSIT.
Table No. XI shows the nature and amount of securities on deposit in this department December 31, 1887, not only of life companies, but of every company
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required by existing laws to make a deposit for the benefit of its policy-holders. The following is a recapitulation of the table : | ||
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New York Fire companies |
$2,234,000 |
00 |
|
New York Life companies |
1,562,958 |
41 |
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New York Cooperative associations |
280,352 |
00 |
|
New York Casualty companies |
601,856 |
12 |
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Carried forward |
84,679,166 |
53 |
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