Life Insurance Canada

REPORT OF THE SUPERINTENDENT. xxiii

And they expended 54,925,861.43 under the following items :-

Paid to policy-holders and annuitants 8	3,07 0,440	24
General expenses	1,723,308	89
Dividends to stockholders	132,112	30
Total 4 4,925,861		43

Hence out of every 8100 of income they have expended in payment to policy-holders 839.33; in general expenses, 822.07, and in dividends to stockholders, 81.69, leaving $36.91 to be carried to reserve.

By reference to the table at page xciii it will be seen that the total assets at the 31st December, 1895, of the Canadian Life Companies other than assessment companies (including 82,063,951.89 outstanding and deferred premiums, interest and rents due and accrued which have not as yet gone into income) amount to 835,323,297.49, an increase over the corresponding amount at the end of the year 1878 of 830, 7 32,889.80.

The amount of risks in force has increased from $30,541,867, in 1878, to $203,356,228, a gain of 8172,814,361, and the reserves have increased from 83,47 7,185, in 1878, to 831,839,771, in 1895, an increase of 828,362,583.

The following table gives the premium and other income of the Canadian Companies other than assessment companies, during the past seventeen years, and also the payments to policy-holders, for general expenses and for dividends to stockholders during the same period.

Total Paid Income. to Policy-holders.

Year.

Interest
Premiums' and other
Receipts.

8 S 8

General Dividends Total Expenses. to Stock- Ex-holders. penditure.

8 8 8

1879 919,344 280,37)1 1,199,719				331,118	247,885 33,351		612,354
1880	1,039,342 325,581 1,364,923,			412,230	272,689, 32,311'		717,230
1881	1,291,027 389,819 1,680,846			683,595	350, 97 31 76,122		1,110, 690
1882	1,562,085 387,218 1,949,303			719,656	396,398 66,459		1,182,513
1883	1,738,973 477,346 2,216.319			777,3551	459,329 40,856		1,277,540
1884	1,932,506 499,074 2,431,580			671,448	508,5731 48,821'		1,228,842
1885	2,157, 338 585,066 2,742,404			934,750	527,371 36,769		1,498,890
1886	2,482,113 672,547 3,154,6601			1,316,175,	659,938 109,440,		2,085,563
1887	2,922,526 768,480 3,691,0061			1,405,686	736, 8461 70,202;		2,212,734
1888	3,260,800		777,266 4,038,066	1,416,516	874,65711 52.65111		2,343,824
1889*		4,570,918	1,234,146 5,805,06411	2,001,150	1,091,027'' 65,411		3,157,588
1890	......................	4,236,746	985,915 5.222,6611	2,081,236	1,006,698 121,005.		3,208,939
1891	......................	4,508,834	1,097,710 5,606,544	2,036,711,	1,093,215 5.5,465		3,185,391
1892	.....................	5,006, 717	1,174,010 6,180,727'	2,438,040	1,210,501 57,010,		3.705,5551
189:3	......................	5.416,059	1.281,0311, 6.757,0901	2,265,703	1,432,144 57,994		3,735,841
1894	......................	5,871,677	1,423,932 7,295,609	1 2,567,454	1,560,2291	59,908	4,187,591
1895	....................	6,297,930	1,508,649 7,806,579	3,070,4401	1,723,309	132,112 1	4,925,861
	Totals	55,274,935	13.868,165 69,143,100		25,129293114.151,782	1,115,8971	40,396,942

*Including 20 months' business of the Canada Life.

VALUATDON OF LIFE POLICIES I\ CANADA.

The following are the results of the valuation of the policies of a number of thQ licensed life insurance companies completed since the issue of the last report. 4-c}