Collecting the results for eighteen years, 1879 to 189G, it will be seen that the total payments to policy-holders made by said retired companies exceeds by 38.09 per cent the total premium-income during the same period.
The assets and liabilities, income and expenditure, of the Canadian Life Companies will be found exhibited in the statements under their respective headings at pages 81, 82 and 86 and 87. In the calculation of the reinsurance reserve, the Institute of Actuaries' H. M. Table of Mortality with 4 per cent interest is employed by the Dominion Life, the Federal, the Manufacturers Life, the North American, and the Temperance and General. The Canada Life employed in its valuation the American table, with 4 per cent interest, and the Great West Life and the Ontario Mutual used the Actuaries (17 offices) Table with 4 per cent interest, and the Sun employed the H. M. 4 per cent Table. The London Life used the Institute of Actuaries' H. M. Table with 4z per cent interest in the valuation of their general policies, and Actuaries' 4 per cent Table for their industrial policils. The Confederation used the H. M. 33: for the valuation of policies issued in 1896, and the H. M. 41 for policies issued prior to that date.
From the tables on pages 86 and 87 referred to, it will be seen that the Canadian Companies have received an income of $8,519,049.95, drawn from the following sources :