You are reading a page from 29th Annual Report of the Superintendent of Insurance of the State of New York (1888)
Part of the American Term Life Insurance History Project
Term Life Insurance
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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

required by existing laws to make a deposit for the

benefit   of   its   policy-holders.   The   following   is   a

recapitulation of the table :

New York Fire companies    

$2,234,000

00

New York Life companies    

1,562,958

41

New York Cooperative associations    

280,352

00

New York Casualty companies    

601,856

12

Carried forward    

84,679,166

53


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