Life Insurance Canada

REPORT OF THE .S'UPERLVTEJ DEV'T. vii

Obtaining an approximation to the losses incurred during the year, by excluding the payments for losses outstanding at the beginning of the year, and including the amounts estimated for those of the year still unsettled, the ratio of the losses incurred to premiums received comes out 6931 per cent, which is only 0.62 per cent greater than the 68.69 of the previous year, and is 4.68 per cent greater than the aver-age for the last fifteen years (64.63). The following are the rates of incurred losses from 1881 :

FIRE Insurance in Canada, 1895.

The gross amount of policies, new and renewed, taken during the year by fire companies was 8667,639,048, showing an increase of $14,049,620 over the amount taken in 1894. The premiums charged thereon amounted in 1895 to 58,243,605.41, being an increase of $85,572.71 over the amount charged the previous year. The rate of premiums is less than that of 1894, and the loss rate (71.92) is less (3.54), being 7.42 per cent greater than the average loss rate (64.50) for the past twenty-seven years, the year 1877 being excluded.

The rate per cent of premiums charged upon risks taken is shown in the following table :

	Gross Amount of Risks	Rate of Premiums j The Premiums charged charged same for		The The same for same for		The same for
	taken during	per cent of 1894 thereon.		1893. 1892. 1891.
	the year.	Risks taken.
S Canadian Companies 130,567,693		8 cts. 1,595, 336 00 1.22	1'34	1'25	1'24	1'25
British do 436,765,579		5,438,487 07 1 1'25	1'23	1'16	1'16	1'14
American du 100,305,776		1,209,782 34 1'21	1'22	1'18	1'16	1'14
Totals	667,639,048	8,243,605 41 1'23	1.25	1.18	1'18	1.16

The increase in the amounts taken in 1895 as compared with 1894, among Canadian companies, is 89,005,528. Among British companies there is an increase of 81,527,809, and among American companies there is an increase of $3,516,283.

CANADIAN COMPANIES.

The details of the increase and decrease for the individual companies are as follows :

Inrrease.—British America, 88,916,477 ; London Mutual, 81,339,471 ; Quebec, 8624,907 Western, $12,416,073. Total, $23,296,928.

Decrease.—Eastern, $13,551,560 ; Mercantile, $739,840. Total, 814,291,400, Total increase, 89,005,528.

4—14

1895. 1894 1893.1892. 1891 1890. 1889 1888. 1887 .I 11886 . 1885. 188-1. 1883. 1882. 1881.

Canadian 65'8772'47 72'45 73'3371'79

British 69 32 67 '76176'57 66'36162.00

1American 73 ' 11 68' 84 74 ' 40 73 86161 26

Totals 69 31168 '69 75' 55 68' 64163' 95

63'07,56.64,65'1469'97 65'2456 106.1 3017117i7284, 11204 56294835.53'0864'6268'0156626429165946527 72'14 62.0814839 52'8417241 5844 57 45 50'17 52'05'15433 60'94

58 25150.09,55.57I.66.40 66 '62 56.56 63'48 66.11I 66' 371 83'94