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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

 

xx   DEPARTMENT OF FINANCE—INSURANCE BRANCH.

The average amount of new policies is, for Canadian companies, $1,484; for British companies, 81,989 ; and for American, 81,986. The corresponding amounts last year were $1,466, $1,811 and $1,932.

DEATH RATE.

In the calculation of the death rate this year, as in previous years, the mean number of policies in force, and the number of policies terminated by death during the year have been admitted as approximations to the mean number of lives exposed to risk, and the number of deaths during the year, respectively, in the case of those companies which have not reported these items. It is believed that the results arrived at represent the actual mortality among insured lives in Canada as accurately as can be gathered from the returns of the companies.

1895.   1894.   1893.

Number

1 of lives   Death Death Death

exposed w   Rate. Rate. Rate.
to risk.

Assessment com-!

panics    39,282!   340 8'655 8 ' 101

!   9'407 8946 9'345 8'475 8 2501 9'72i

71 9'120 .

Retired companies.   4, 035   122 30 235 26 449 22 574 26 512 20 109 21 ' 417 16 8401 23 '4891 17 . 943

Total    277,599'! 3,078 11'092' 10340 10'364 10860', 10 335 103401 9'0S3~1 9 495 8'955

PREMIUMINCOME during the respective years, 1875-1895.

Active companies

234,282 2,616 11'166

10'3271 10'1761 10.676 10'178 10'148! 8'846

Death Death Death Rate. Rate. Rate.

Death Rate.

1889.

1892.

1891.   1890.

1888.

Death Rate.

8'614

8'317

1887.

Death Rate.

Canadian Companies.

British
Companies.

American Companies .

Total.

Year.

8   8   8

1875   707,256   623,296   1,551,835

1876    768,543   597,155   1,437,612

1817    770,319   577,3114   1,299,724

1878   527,098   556,044   1,197,535

1879    919,345   565,875   1,121,537

1880   1,039,341   579,729   1,102,058

1881    1,291,026   613,595   1,190,068

1882    1.562,085   674,362   1,308,158

1883    1,652,543   707,468   1,414,738

1884    1,869,100   744,227   1,518,991

1885    2,092,986   803,980   1,723,012

1886   2,379,238   827,848   1,988,634

1887    2,823,119   890,332   2,285,954

1888   3,166, 883   028, 667   2,466,298

1889    *4,459,595   979,847   2,785,403

1890   3,921,137   1,022,362   3,060,652

1891   4,258,926   1,030,479   3,128,297

1892   4,729.940   1,088.816   3,251,598

1893   5,156,008   1,073.541   3,403,230

1894    5,435,031   1,079,330   3,394,914

1895    5,702,783   1,137,366   3,452,205

Totals    55,534,302   17.131,683   44,082,453 * Including 20 months' business of the Canada Life.

8

2,882,387 2,803,310 2,647,407 2,610,677 2,606,757 2,721,128 3,094,689 3,544,605 3,774,749 4,132,318 4,619,978 5,195,720 6,04'1,405 6,561,848 *8,224,845 8,004,15' 8,417,7W 9,070,354 9,632,779 9,909,275 10,292,354

116,748,438


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