| Cash in bank, on hand, and in transit (since received) | $3,033,305.13 | ||
| United States Bonds and other bonds and stocks (market value, $43,124,273.88) | 39,522,443.99 | ||
| Real Estate | 6,839,974.22 | ||
| Bonds and Mortgages, first lien on real estate (buildings thereon insured for $14,000,000 and the policies assigned to the Company as additional collateral security) | 15,228,775.00 | ||
| Temporary Loans (market value of securities held as collateral, $5,912,741) | 4,450,000.00 | ||
| *Loans on existing policies (the Reserve held by the Company on these policies amounts to over 408,619.44,000,000.00) | 408,619.44 | ||
| *Quarterly and semi-annual premiums on existing policies, due subsequent to Jan. 1, 1887 | 1,041,666.15 | ||
| *Premiums on existing policies in course of transmission and collection. (The Reserve on these policies, included in Liabilities, is estimated at $1,050,000) | 646,437.14 | ||
| Agents' balances | 161,905.31 | ||
| Accrued Interest on investments, January 1, 1887 | 486,497.10 | —$71,819,623.48 | |
| Market value of securities over cost on Company's Books | 3,601,829.89 | ||
| * A detailed schedule of these items will accompany the usual annual report filed with the Insurance Department of the State of New York. | |||
| CASH ASSETS, January 1, 1887, | $75,421,453.37 | ||
| Appropriated as follows: | |||
| Adjusted losses, due subsequent to January 1, 1887 | $202,346.43 | ||
| Reported losses, awaiting proof, etc. | 355,625.28 | ||
| Matured endowments, due and unpaid (claims not presented) | 37,890.70 | ||
| Annuities due and unpaid (uncalled for) | 9,318.74 | ||
| Reserved for re-insurance on existing policies; participating insurance at 4 per cent. Carlisle net premium; non-participating at 5 per cent. Carlisle net premium | 62,525,599.00 | ||
| Reserved for contingent liabilities to Tontine Dividend Fund, January 1, 1886, over and above a 4 per cent. Reserve on existing policies of that class | $3,123,742.77 | ||
| Addition to the Fund during 1886 | 1,320,530.69 | ||
| DEDUCT— | $4,444,273.46 | ||
| Returned to Tontine policy-holders during the year on matured Tontines | 267,848.21 | ||
| Balance of Tontine Fund, January 1, 1887 | 4,176,425.25 | ||
| Reserved for premiums paid in advance | 33,720.72 | ||
| $67,340,926.12 | |||
| Divisible Surplus (Company's Standard) | 8,080,527.25 | ||
| 75,421,453.37 | |||
Surplus by the New York State Standard at 4½ per cent. (including the Tontine Fund), $15,549,319.53
From the undivided surplus of $8,080,527.25 the Board of Trustees has declared a Reversionary dividend to
participating policies in proportion to their contribution to surplus, available on settlement of next annual
premium.
| Death Claims paid. | Income from Interest. | ||
|---|---|---|---|
| 1882, | $1,955,292 | 1882, | $2,798,018 |
| 1883, | 2,263,092 | 1883, | 2,712,863 |
| 1884, | 2,257,175 | 1884, | 2,971,624 |
| 1885, | 2,999,109 | 1885, | 3,399,069 |
| 1886, | 2,757,035 | 1886, | 3,722,502 |
| Insurance in force. | Cash Assets. | ||
| Jan. 1, 1883, | $171,415,097 | Jan. 1, 1883, | $50,800,396 |
| Jan. 1, 1884, | 198,746,043 | Jan. 1, 1884, | 55,542,902 |
| Jan. 1, 1885, | 229,382,586 | Jan. 1, 1885, | 59,283,753 |
| Jan. 1, 1886, | 259,674,500 | Jan. 1, 1886, | 66,864,321 |
| Jan. 1, 1887, | 304,373,540 | Jan. 1, 1887, | 75,421,453 |
Number of Policies issued during the year, 22,027. Risks assumed, $85,178,294.
