38

H.—B.

Summary and Valuation of the Policies of the New Zealand Government Life Insurance Department as at 31st December, 1914.

FOURTH SCHEDULE.

Approximate Cost o) Paper.— Preparation, not given printing (1,750 copies), £85.

By Authority : 'John Mac-kay. Government Printer. Wellington.—l9ls.

Price Is.

! ' II DESCRIPTION OF THE TRANSACTIONS. I For Assurances : Institute of Actuaries' H"i Table, Particulars of the Policies for Valuation, Values p 3*% |nter«t .(adjusted to Hm 3 basis) r or Immediate Annuities on Lives : British Offices i Annuity Tables, 1893, 3% Interest. A CCTTD A ATPTTC INumberof Sums assured Office Yearly Net Sumsassured Office Yearly Net Net j Policies. and Bonuses. Premiums. Premiums, and Bonuses. | Premiums. I Premiums. Liability. i i i i 1 r r I ASSURANCES. ASSURANCES. T -\XrirV. + lnn 1 v, Of^f-He £ £ £ £ £ £ £ £ I I I.—With Participation in Profits. Whole-life Assurances —Uniform Premiums .. .. .. 8,949 Limited, Single, and Commuted Premiums 598 Endowment Assurances —Uniform Premiums.. .. .. 28,016 Limited, Single, and Commuted Premiums .. .. .. .. 238 With Extra Profits.. .. .. 97 Double Endowment Assurances —Uniform Premiums .. .. ' 10,140 Limited, Single, and Commuted Premiums .. .. 21 Deferred Endowment Assurances —with return of Premiums .. 34 Joint Life —Whole-life Assurances .. .. .. .. I 18 Survivorship Assurances .. .. .. .. .. 2 t t 3,i56,3M 329,302 6,443,735 78,350 20,433 2,692,249 2,121 6,150 8,702 562 £ I.—"With Participation in Profits. Assurances —Uniform Premiums Limited, Single, and Commuted Prei Assurances —Uniform Premiums.. 8,949 3, I 56,3 I 4 62,012 52,721 2,014,645 619,159 5 l6 ,774 1,497,871 imiums 598 329,302 468 385 231,671 1,796 1.462 230,209 .. 28,016 6,443,735 202,331 166,215 3,989.181 : 2,185,663 1,770,783 2.218,398 3.156,314 329.302 6,443,735 62,012 468 202,331 52,721 385 166,215 Limited, Single, and Commuted I Pre78,350 20,433 2,692,249 1,801 892 73,535 '*"-„„ _ „__ miums With Extra Profits., lowment Assurances —Uniform Premiums .. .. I 238 j 78,350 1,801 1,431 40,333 j I7,79i 13,930 26,403 .. 97 I 20,433 892 756 12,273 i 12,869 10,879 i,394 .. 10,140 2,692,249 73.535 62,380 1,262,850 94 I >777 7 8 9,984 47 2 ,866 756 62,380 Limited, Single, and muted Premiums .. idowment Assurances —with return of Premium Whole-life Assurances p Assurances surances Com- .. I 21 I 2,121 .. .. J ,456 ! .. .. ',456 is .. 34 6,150 113 93 242 .. .. 242 .. 18 8,702 360 288 4,940 4,34 2 3,449 ' I -49 I .. I 2 562 85 90 86 58 32 ( 18,805 ) .. I 74 J, and deferred Y 9 2 3 848 22,439 9,823 9,059 13,380 2,121 6,150 8,702 562 ( 18,805 -land deferred (annuity, £3,821 "3 360 8 93 288 j 5 ( Annuity Assurances .. .. .. .. .. I 74 j > 18,805 and deferred 923 848 1 | (annuity, £3,821 ) Reserve for extra Premiums extra Premiums Reserve of Loading rotal Assurances with Profits .... . . . . .. 807 . . .. 807 3,116,378 4,464,549 .. -j. .. ._■ ._. .. 5,974 Add 5,974 .- 48,187 12,756,723 342,443 285,122 7,580,927 j^, 3,1107404 4,470,523 annuity, £.3,021 i Additional Reserve of Loading .. .. .. .. __j^_ Total Assurances with Profits .. .. .. 48,187 12,756,723 12,756,723 285, 122 342,443 II.—Without Participation in Profits. Whole-life Assurances— Uniform Premium's .. .. .. 1,898 Limited, Single, and Commuted Premiums 3 Endowment Assurances —Uniform Premiums .. .. 3 IC j Deferred Whole-life Assurances —with return of Premiums .. 62 Deferred Endowment Assurances „ „ .. 246 < Joint Life —Whole-life Assurances .. .. .. .. 1 Survivorship Assurances .. .. .. .. .. 4 Industrial Assurances .. .. .. .. .. 3 Temporary Assurances .. .. .. .. .. 22^ Total Assurances without Profits .. .. 2,549 Total Assurances .. .. .. .. 5°,736 I. — Without Participation in Profits. Assurances— Uniform Premium's .. , Limited, Single, and Commuted Pre t Assurances —Uniform Premiums /hole-life Assurances —with return of Premiums ndowment Assurances -Whole-life Assurances ip Assurances Assurances 1,898 698,455 16,264 15,496 279,440 270,853 257,624 21,816 smiums 3 J^ 00 7 2 7° 7 2 4 j 522 505 219 310 j 89,362 2,768 2,518 43,283 41,878 38,083 .5,200 3 .. 621 S 0 ,^ 0 237 215 246; .. .. 246 246 53,300 779 69I I,28l ; .. .. I,28l I 500 22 10 275 278 246 29 4 4,°°° 64 53 364! 371 306 58 3 60 1 28 ..- .. 28 698.455 1,500 89,362 30,150 53.300 500 4,000 60 4.75o 882,077 13,638,800 698,455 1,500 89,362 53.300 5°o 4,000 60 4,750 16,264 72 2,768 237 779 22 64 60 15,496 70 2,518 215 691 19 53 Assurances 22 4,750 60 j 42 I .. .. 42 2,549 882,077 20.267 19,062 325,683 313,902 296,764 28,919 13,638,800 362,710 .'04- I s 1 7,906,610 4,107,208 3,407,168 4,499,442 108,000 4,607,442 ENDOWMENTS. Simple Endowments —with return of Premiums .. .. 322 Endowments —Premiums cease on death of purchaser .. .. oj6 Total Endowments .. .. .. .. T j,y ;~ "8,175 40,100 158,275 * Adjustment to place a? surance resei ves on Hm 3J fo basis 4>4 2 5 1,582 36,456 10,250 46,706 1 36,456 10,250 46,706 1,138 ijS.-?:,-6,007 •■ ■• I 1.13° ; 150.2-/3 ANNUITIES. Immediate .. .. .. .. .. 398 Deferred .. .. .. .. .. .. 1 Total Annuities .. .. .. .. _ 399 1 Total of the Results .. .. .. 52,273 (Per annum 1 18,682 20 18,7-T 1 3, 797. °75 and £22,523 per annum. 6 •• 148 157,671 157.523 148 157,671 399 18,7. 2 • • !3>797, °75 and £22,523 per annum. 368,723 and £2,070 extra premiun j (not valued). 304,184 8, no. 987 4,107,208 3,407,168 4,811.819 __!