21

I.—9a

No. 1.

Accident Insurance Companies transacting Business in New Zealand. Statement of Premiums received and Claims paid under Workers' Compensation Act fhk Twelve Months from Ist January, 1910, to 31st December, 1910. £ Total premiums received ... ... ... ... 153,959 Total claims paid ... ... ... ... ... ... 80,795 Per Cent. Loss ratio ... ... ... ... ... 52"48 Expense ratio ... ... ... ... ... 3653 Total .. ... ... ... ... 8901 Note.—The London and Lancashire have not supplied their figures, but. as their business is very small, the ratio would not be affected.

No. 2. Accident Underwriters' Association of New Zealand. Wellington, 12th September, 1911.

Extracts from Statements Laid on Table of House of Representatives, Wellington, by the Accident Insurance Companies for the Year ending 31st December, 1910.

New Zealand Employers' Federation, Secretary's Office, Woodward Street, Wellington, 22nd September. 1911. Sir,— Refering to the evidence I gave before your Committee on the 6th instant, in connection with the Workers' Compensation Bill, I have to request you to be good enough to allow me to amend my statement regarding the probable cost of the provisions of the Bill to employers of Labour. I based my estimate on the information contained in the Year-book, but was unaware at the time that these figures included the amount paid for premiums on personal accident business. I have since secured the actual figures for premiums paid on Workers' Compensation business, and desire to amend my evidence on that point in accordance therewith. The premiums paid for the year ended 31st December, 1910, amounted to £153,959 —say, roughly, £154,000. Ten per cent, on that amount is £15,400; twelve and a half per cent, on that amount is £19,250. So that my statement requires to be amended to say that the extra cost to employers if the Bill became law would be from £15,000 to £20,000 per annum. Thanking you in anticipation of your kind permission to have this letter published in connection with my evidence. Yours faithfully, William Prtor, Secretary. The Chairman, Labour Bills Committee. Parliament Buildings, City.

Approximate ''Oil <>t Paper. —Preparation, not ;nven : printing (1,600 copiesl. £1-

By Authority : John Mackay, Government Printer, Wellington.—l9ll.

Prict .9<J.i

I Ratio pe Company. ■ Premiums. Claims. m i ss j. jn Salaries, peases Profit. Loss. Losses, *£- I I I I \yexate. £ £ £1 £ i Alliance .. .. 250 I 29 46 65 106 .. 56-80 Commercial Union .. .. 13,677 5,889 2,380 745 1,424 3,239 .. 4306 33-26 Government .. .. 21,363 > 12,522 2.362 3,151 907 2,221 .. 58-61 30-99 Guardian .. .. .. 1,928 645 386 ' 306 431 .. 40 33-45 65-62 London and Lancashire .. 4,946 : 1,726 \ 883 400 362 1,573 .. 34-59 33-29 Liverpool, London, and Globe 2,312 999 485 524 280 24 .. -43-21 55-76 S Norwich and London .. 8,992 5,367 ' 2,308 1,037 643 .. 353 59-57 44-36 National .. .. .. 7,385 2,330 710 1,006 795 2,544 .. 31-55 3400 New Zealand .. .. 70,805 36,725 6,411 9,856 6,476 11,335 .. 61-87 3212 Ocean .. .. .. 31,593 17,792 3,802 5,633 4,554 .. 2,183 , 56-36 50-61 Phcenix .. .. .. 3,539 1,229! 943 220 533 614 .. i 34-73 47-93 Queensland .. .. 5,325' 2,755 654 901 615 400 .. 61-74 40-75 Royal Exchange .. .. 2,355 256 363 408 i 782 346 .. 10-87 65-94 Royal .. .. .. 9,476 2,989 1,486 676! 693 3,633 .. 31-53 3015 South British .. .. 35,016 17,520 4.668 1,908 4,907 6,013 .. 5003 32-79 Standard .. .. .. 9,335 2,767 772 1.176 908 3.712 .. 29-64 30 511 Union .. .. 1,794 1,020 271 .. 137 346 .. 56.86 23-6(1 United .. .. 1,253 320 133 200 228 402 24-94 43-72 Yorkshire .. .. .. 1,084 560 207 .. 300 17 .. 51-66 46 77 ! . . . . 232,458 113,400 31,455 28,395 25,062 36,727 2,581 48-78 36-63 >r Cent. Profit. Loss. 33-20 23-68 ! . . 10-40 I .. ( .. , 207 31-82 : 103 3-93 34-45 16 01 6-93 17-34 7-51 23 19 .. 38-34 1718 39-77 19-28 31 34 157 232,458 1113,400 31,455 L_ Farmers' Co-operative Insurance Company, Northei •eturns yet availablo ; but would not affect the ratio. 28,395 25,062 i Insurance Coi 14-69 I Farmers' Co-operative Insurance Company, Northern Insurance Company, Victoria Insurance (.' 'ompany—No