REPORT OF THE SUPERINTENDENT.   xvii

payments during the year, on account of losses, 8164,575, while the total outstanding or unsettled losses at the end of the year were 839,221.

The marine business has been, on the whole, much more unfavourable than the year previous. The losses incurred in the inland marine business amounted to 112.04 per cent of the premiums received, while last year the rate was 66.87.

In the ocean business the rate of losses incurred to premiums received was 98.60, while last year it was 62.23. The bulk of the ocean business is transacted by companies which are not required to be licensed, and do not report to this department.

An abstract of the inland marine business will be found on page lxxii, and details of this and the ocean business for the individual companies on pages lxx and lxxi.

LIFE I\ Sti R ANCE, 1895.

The business of life insurence has been transacted by 29 active companies, of which 11 are Canadian, 8 British and 10 American.

The list of life companies differs from that of the previous year by the omission of one Canadian company, the Dominion Safety Fund, which reinsured, with the Great West, its risks outstanding on the 1st May, 1894.

INSURANCES EFFECTED DURING THE YEAR.

The total amount of policies in Canada taken during the year 1895 was $44,341,198, which is le s than the amount taken in 1894 by 85,184,059. The Canadian companies show a decrease in 1895 of 8760,692, whilst in 1894 they had an increase of 8580,-927 ; the American companies have a decrease of $4,546,789, while in 1894 they had a decrease of $3,495,122; and the British companies have an increase of $123,422, whilst in 1894 they had an increase of 8246,361, the total decrease in 1895

So that the amount taken by native companies exceeds that taken by the British and American together by nearly 811,500,000. The details of the increase or decrease among the respective companies are given on pages lxxxviii and lxxxix.

Life Insurance in Force in 1896.

The total amount of insurance in force at the close of the statements was 8319,257,581, which shows the large increase of 811,096,145 over that of the previous

year, being distributed as follows :

Total in force.   Increase.

S10,814,211 429,287 *147,353

Total    8319,257,581   $11,096,145 "Decrease.