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You are reading a page from Report of the Superintendent of Insurance for the Dominion of Canada (1895)
Part of the American Term Life Insurance History Project
Term Life Insurance

 

vi   DEPARTMENT OF FINANCE—INSURANCE BRANCH.

The corresponding results for the twenty-seven years over which our records extend, are given below :

FIRE Insurance in Canada.

Premiums Received.

Losses Paid.

Rate of Losses Paid

per cent of Premiums Received.

8

1869   

1870   

1871   

1872   

1873   

1874   

1875   1875   

'

1876   

1877   

1878   

1879   

1880   

1881   

1882   

1883   

1884   1885   

1886   

1887   

1888   

1889   

1890   

1891   

1892   

1893   

1894   

...........

1895   

 

Totals    

Taking the totals for the same twenty-seven years, according to the nationalities of the companies, the following are the results :

FIRE Insurance in Canada for the twenty-seven years—1869-1895.

1,785,539 1,916,779 2,321,716 2,628, 710 2,968,416 3,522,303 3,594,764 3,708,006 3,764,005 3,368,430 3,227,488 3,479,577 3,827,116 4, 229,706 4,624,741 4,980,128 4,852,460 4,932,335 5,244,502 5,437,263 5,588, 016 5,836,071 6,168,716 6,512,327 6,793,595 6,711,369 6,943,382

1,027,720 1,624,837 1,549,199 1,909,975 1,682,184 1,926,159 2,563,531 2,867,295 8,-1911,919 1,822,674 2,145,19,4 1,666,578 3,169,824 2,664,981; 2,920,228 3,245,323 2,679,287 3,301,388 3,403,514 3,073,822 2.876,211 3,266,567 3,905,697 4,377,276 5,052,690 4,589,363 4,993,750

57'56 84.77 66'73 72'66 56'67 54.68 71'31 77'33 225'58 54'11 66'47 47.90 82'83 63'01 63'14 “5'111 55'22 64'93 64':10 56'33 51'47 55'97 63'31 67.22

74'37 68'38 71'92

118,967,460 I   82,796,189

69'60

Canadian Companies   

British   do    

American   do    

Totals..   . .   .....   .   ................

Premiums Received.

118,967,460

30,537,874 76,772,475 11,657,111

Rate of

Losses Paid
   Losses Paid.   per cent

of Premiums

Received.

8

   21,887,847   71'67

   52, 954, 7311   68.98

   7,953,6011   68'23

   82, 7913,1811   69' 60

If we had excluded from these tables the year of the disastrous fire in St. John (1877), the average loss rate would have come out 64.50.


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