H.-fec.

Summary and Valuation of the Policies of the New Zealand Government Life Insurance Department, as at 31st December, 1911.

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Particulars of Policies for Valuation. /Assurances: Hm Table 3$% interest '(adjusted Vai ues \ to Hm 3i% basis > Annuities: British Offices Annuity Tables, 1893. I 3% interest. DESCRIPTION OF TRANSACTIONS. Number of Sums assured Office Yearly Policies. and Bonuses. Premiums. Net Premiums. Sums assured Office Yearly and Bonuses. Premiums. Net Premiums. Net Liability. ASSURANCES. I.—With Participation in Profits. Whole-life Assurances —Uniform Premiums Limited, Single, and Commuted Premiums Endowment Assurances —Uniform Premiums.. „ Limited .Single, and Commuted Premiums Double Endowment Assurances —Uniform Premiums Limited, Single, and Com muted Premiums Deferred Endowment Assurances —with return of Premiums Joint Life —Whole-life Assurances „ Endowment Assurances Survivorship Assurances £ £ £ £ £ £ £ 10,253 3,534,332 655 347,959 27,615 6,194,552 72,848 9°5 198,483 62,225 750 164,136 2,179,526 237,193 3,828,645 769,435 3,594 2,163,141 645,435 2,953 1,763,865 1,534,091 234,240 2,064 ,780 215 : 64,419 8,463 I 2,173,969 1,392 60,979 1,104 51,913 33,725 991,405 14,816 803,565 11,631 677,075 22,094 314.330 . ' 16 1,932 12 2,500 12 5,544 1 | 1,000 1,266 60 1,266 60 65 24 45 251 59 8 36 202 48 6 3,355 614 87 2,744 671 95 2,204 549 63 Annuity Assurances 2 55° ( 20,061 ~i 87 -j and deferred L ( annuity, 4,307 J 1,013 93i 22,174 12,389 11,416 10,758 Reserve for extra Premiums 879 3,115,191 Deduct 6,511 879 4,183,738 Add 6,511 Additional Reserve of Loading Total Assurances with Profits ., 47,331 12,346,818 335,983 281,351 7,298,929 3,770,450 3,108,680 4,190,249 II. —Without Participation in Profits. Whole-life Assurances —Uniform Premiums .. Endowment Assurances „ Deferred Whole-life Assurances —with return of Premiums Deferred Endowment Assurances Industrial Assurances Temporary Assurances Total Assurances without Profits Total Assurances 528 166,340 109 25,812 3 1,000 44 8,400 3 60 6__ 3,400 3,795 811 7 109 46 3,605 736 6 96 64,876 12,196 14 75 25 30 64,688 12,567 61,389 11,405 3,487 791 75 25 30 693 205,012 4,769 4,443 77,216 77,255 72,794 4,422 4,194,671 4,296,171 48,024 12,551,830 340,752 285,794 7,376,145 3,847,705 3.181,474 ENDOWMENTS. Simple Endowments —with return of premiums Endowments —Premiums cease on death of purchaser Total Endowments * Adjustment to pi lace as surance reser ves on Hni 3J tasis 719 256 99,296 32,150 3,675 1,297 30,729 6,615 30,729 6,615 •■ •■ 975 131.446 4,972 37,344 37,344 ANNUITIES. Immediate Deferred Total Annuities Total of the Results .. 373 4 (per annum) 16,992 106 150, 063 321 150,063 321 101 377 49,376 17,098 101 150,384 150,384 12,683,276 and £21,405 per annum. 345,825 and £2,329 extra premium (not valued). 285,794 7,563,873 3,847,705 3,181,474 4,483,899