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REPORT OF THE SUPERINTENDENT.   17 The total amount paid to policy-holders during 1896 was as follows :

Death claims (including bonus additions)    

$3,817,898

31

Matured endowments   do    

1,063,716

97

Annuitants    

47,593

60

Paid for surrendered policies    

775,156

24

Dividends to policy-holders    

801,731

26

Total    $6,506,096 38

The distribution of payments among the different companies will be found on page 88.

Hence, for every $100 premiums received, there has been paid to policy-holders $56.73, leaving $43.27 to be carried to reserve, expense and profits.

Including the business done outside of Canada by the Canadian companies, the following table shows the total premium income and payments to policy-holders of all companies, other than assessment companies, doing life insurance business in Canada for the last eighteen years, and also the ratio of payments to policy-holders to premiums received.

Premium

Year.   Income.

Payments

to

Policy-holders

Rate of

Payments to

Policy-

holders per

 

 

cent of

Premiums.

1879   2,606,756

1,301,480

4993

1880   I,   2,691,128

1,389,986

5165

1881..   .   3,094,689

1,879,240

6072

1882

3,544,603

1,946,444

5491

1883   

3,861,179

2,201,152

5701

1884   

4,195,726

2,073,395

49 42

1885   

4,684,409

2,544,101   5431

1886..   .   

5,298,596

2,851,981   5383

1887..   .....

6,105,474

3,235,205   5299

188;2   

~   6,655,762

3,440,729   5170

   

1889   ~

1890   

8,336,167

8,131,852

3,942.590   4730

4,445,668   5467

1891   

8,667,609

4,911,485   5666

5, 452,151   58 33

1892   

9,347,131

1893    

9,952,833

5,133,284   5158

1894   

10,345,919

5,516,929   5332

1895   

10,887,501

5,862,447   53.85

1896    

11,469,04C

6,506,096   5673

Totals    

119,876,374

64,634,363   53'92

Collecting the results for the eighteen years, 1879 to 1896, we find that the total payments to policy-holders amount to 53.92 per cent of the premium-income during .the said period.

The subjoined table shows the total premium-income and payments to policy-holders, during the last eighteen years, of the life insurance companies which have 4—2


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