Previous Index Next

 

330   DEPARTMENT OF FINANCE—INSURANCE BRANCH.

CANADA LIFE—Concluded.

 

LIABILITIES.

 

Claims for death losses and matured endowments outstanding at 31st

December, 1896    $   5,000 00

INCOME.

 

Premiums received during the year ending 31st December, 1896   $ 190,207 58

EXPENDITURE.

 

Payments for death claims and matured endowments during the year

ending 31st December, 1896    $ 59,481 82

MISCELLANEOUS.

Number of new policies reported during the year as taken in

other countries    

446

 

Amount of said policies    

 

$1,198,151

Number of policies become claims    

11

 

Amount of said claims....

 

43,681

Number of policies in force in other countries at date   

1,825

 

Net amount of policies in force :.t 31st December, 1896    

5,361,709

Number and amount of policies terminated during the year in other countries :

1. By death    

10

8   43,000

2. By maturity    

1

500

3. By surrender    

15

37,500

(For which cash value has been paid.)

4. By surrender    

8

37,500

(For which paid up policies have been granted.)

5. By lapse, not taken, and reduced    

199

816,368

6. By transfer    

27

101,000

Total    

260

81,035,868

Policies in force at 31st December, 1895    

1,599

$5,108,392

Policies issued during the year    

450

1,175,115

Policies transferred from other agencies    

47

114,070

Policies terminated as above   

260

1,035,868

Policies in force at date of statement   

1,825

5,361,709

00 83 00

00

00 00 00 00 00


Previous Index Next