H.-Bd.

6

Summary and Valuation of the Policies of the New Zealand Government Life Insurance Department, as at 31st December, 1908.

CO b

Particulars of Policies for Valuation. / For Assurances: Institute of Actuaries' H">Tab]e, 34% interest. Values J For Immediate ( ish Annui 'y ! Annuities on J Tables , Issued prior to Annuit.es on June rf% imerest . ...^ V 1 subsequently, 3% interest. DESCRIPTION OF TRANSACTIONS. Number of Policies. Sums Assured and Bonuses. Office Yearly Net Premiums. Premiums. Sums Assured j Office Yearly Net Net and Bonuses, j Premiums. Premiums. Liability. ASSURANCES. £ £ £ £ £ £. £ I. — With Participation in Profits. Whole-life Assurances —Uniform Premiums „ Limited, Single, and Commuted Premiums Endowment Assurances Limited, Single, and Commuted Premiums Double Endowment Assurances Joint Life Assurances .. .. .. .. Survivorship Assurance .. .. ,. .. 1 1,902 724 26,534 3,964,043 391,544 5,845.791 84,883 72,671 1,458 1,217 189,472 157,622 2,336,868 259,483 , 3,568,336 96 1, 2 15 6,647 1 2,101,530 808,594 ',528,274 5,480 254,003 1,722,979 1,845,357 176 6,420 9 I 52,639 1,636,942 4,848 48 . I 21,310) J and 5,175 I [ per ann. at 60) 1,132 ; 905 4 6 , 6 45 39,929 229 185 1, in 1,023 27,976 727,601 2,875 16 12,490 629,993 2,599 15,423 9,938 18,038 534,118 193,483 2,093 782 16 14,236 7,882 104 . Annuity Assurances .. .. .. .. 22,118 Reserve for extra Premiums 873 - • • 873 <.848.708 ■• .. Additional Reserve of Loading Total Assurances with Profits II. —Without Participation in Profits. Whole-life Assurances (transferred from Temperance to Nonprofit Section) Endowment Assurance (transferred from Temperance to Nonprofit Section) Industrial Assurances Temporary Assurances 45,870" 5 11,917,165 I.Ogo 324,930 j 273,552 26 22 273,552 6,946, 146 j ] 3,729,897 3,097,438 Deduct 7,573 3> u 9/,43° , 3,°4°,7 00 Deduct 7,573 , Add 7,573 37089,865 3,848,708 Add 7,573 3,856,281 26 22 655 287 240 415 1 212 60 6 5 1 6 5 112 81 67 45 23 29 512 3,8.56,793 3 10 1 54 23 29 • 4,050 54_l •■ 307 Total Assurances without Profits Total Assurances 19 5,4'2 325,017 27 273,579 819 368 45,'% 11,922,577 6,946,965 3,730.265 3,090,172 ENDOWMENTS. 77,972 100 24,050 102, 122 2,954 964 _ _ 3,922 Simple Endowments —with return of premiums without return of premiums Endowments —Premiums cease at death of purchaser Total Endowments 597 187 i"~>5~ 24,4M 25 4,o r 7 24,414 25 j 4,oi7 28,456 3,922 28,456 ANNUITIES. Immediate Deferred Total Annuities Total of the Results .. 354 5 (per annum) 15,406 98 " 69 129,493 747 129,493 747 ; 130,240 359 15,504 : 69 130, 240 47,033 12,024,699 329,008 273,579 7,105,661 and £20,679 and £2,621 per annum. extra premium (not valued). 3,730,265 3,090,172 4,015,489