H.-8.

FOURTH SCHEDULE.

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

12

/ For Assurances: Institute of Actuaries' Hm Table. ! Particulars op the Policies for Valuation. Values J „ 3*% interest •(adjusted to Hm 3 |% basis) ror Immediate Annuities on Lives : British Offices DESCRIPTION OF THE TRANSACTIONS. ' Annuity Tables. 1893, 3% Interest. Number of Sums assured | Office Yearly Net h Sums assured j Office Yearly | Net Net Policies. : and Bonuses. ! Premiums. ; Premiums, i and Bonuses. ' Premiums." j Premiums. Liability. ASSURANCES. , C I r r r r I. —With Participation in Profits. Whole-life Assurances —Uniform Premiums .. .. .. 8,949 3,156, 3*4 62,012 52,721 j 619,159 516,774 1,497,871 Limited, Single, and Commuted Premiums 59 8 3 2 9,3 02 468 385 231,671 1,796 1.462 230,209 Endowment Assurances —Uniform Premiums.. .. .. 28,016 6,443,735 202,331 166,215 3,989, 'Si 1 2,185,663 1,770,783 2,218,398 Limited, Single, and Commuted Premiums .. .. .. .. 238 7 8 >35° 1,801 I.43 1 4°,333 - J7-79 1 I 3,93° : 26,403 With Extra Profits.. .. .. 97 2 °>433 8 9 2 756 12,273; 12,869 10,879 i T ,394 Double Endowment Assurances— Uniform Premiums .. .. 10,140 2,692,249 73,535 62,380 1,262,850 941,777 789,984 472,866 „ „ Limited, Single, and Commuted Premiums .. .. 21 2,121 .. .. 1,456 j .. .. J ,456 Deferred Endowment Assurances —with return of Premiums .. 34 6,150 113 93 I 2 4 2 .. ■• 2 4 2 Joint Life—Whole-life Assurances .. .. .. .. 18 8,702 360 288 4,94°! 4,34 2 3,449; r -49 T Survivorship Assurances .. .. .. .. .. 2 562 8 5 90 86 58 , 32 i I l8 > 8 °5 I Annuity Assurances .. .. .. .. .- 74 Hand deferred \ 923 848 22,439 9,823 9,059 I3,3 8 ° (annuity, £3,821 J Reserve for extra Premiums .. .. .. • ■ • • - - - ■ • • 8o 7 • • •-_ 3,116,378 4,464,549 Additional Reserve of Loading .. .. .. •• 11 i u U - -■ ■■ Deduct 5,974 Add 5,974 Total Assurances with Profits .. .. .. 4 8 > r8 7 __ I2 ,756,7 2 3 34 2 ,443 285.122 7,580,927 3,793,306 4,470,523 II.—'Without Participation in Profits. Whole-life Assurances - Uniform Premiums .. .. .. i, 8 9 8 698,455 16,264 15,496 279.440 270,853 257,624 21,816 Limited, Single, and Commuted Premiums 3 1,500 ] 72 70 724 522 505 219 Endowment Assurances— Uniform Premiums .. .. 3 ID 8 9,3 62 2,768 2,518 43,283 | 41,878 38,083 5, 2 °° Deferred W T hole-life Assurances —with return of Premiums .. ° 2 S 0 ,^ 0 2 37 215 246 .. .. 246 Deferred Endowment Assurances „ „ .. 246 53,3°° 779 69T 1,281 .. .. 1,281 Joint Life—Whole-life Assurances .. .. .. .. x | 500 22 19 275 278 246 29 Survivorship Assurances .. .. .. .. .. 4 4,000 ■ 64 53 364 ; 371 306 58 Industrial Assurances .. .. .. .. .. 3 : 60 1 .. 28 : .. .. 28 Temporary Assurances .. .. .. .. .. 2f _| 4,75° , 60 „ j 42 ._ 1 _ „ 42 Total Assurances without Profits .. .. 2,549 | 882,077 20,(267 19,062 325,683 3!3,90 2 2 96,7 6 4 28,919 Total Assurances .. .. .. .. 5°,736 j 13,638,800 362,710 304,184 7,906,610 4,107,208 3,407,168 4,499,442 3,iio,40jt I 4,470,523 257,624 21,816 505 219 38,083 0,200 246 1,281 246 29 306 58 .. 28 • Adjustment to place as isurance reserves on Hm 3i°/sbasis ... 108,000 - rtuiusiuLcui it, utrft-c as tsurante reserves oil o". 33370 oasis ... ±w ,wv ENDOWMENTS. ■ g nT 4,°°/ ,4-l 2 Simple Endowments —with return of Premiums .. ... 822 118,175 4,4 2 5 ■■ 36,456 .. ,6,456 Endowments —Premiums cease on death of purchaser.. ,. 316 i 40,100 1.582 .. 10,250 .. 10^250 Total Endowments .. .. .. .. '1,138 '758,275 67007 -—--;----- ggajr "" .. .". 46^706 13,638,800 * Adjustment t 3 62 ,7 IQ to place as 3°4> l8 4 || 7,go6,6io j 4,107,208 surance reserves on Hm 3J -,' ' ■ - 4 2 296,764 28,919 3,407,168 4,499,442 % basis ... 108,000 4,607,442 10,250 46,706 118,175 40,100 4,4 2 5 1,582 . . 10,25° ■■ 46,706 1 i,I3 8 158,275 6,007 ANNUITIES. (Per annum) Immediate .. .. .. .. .. .. 398 : 18,682 .. .. ]j7,5 2 3 -■ •• t57o 2 3 Deferred .. .. .. .. .. .. r 20 6 .. 148 .. .. 148 Total Annuities .. .. .. .. 399 18,702 6 .. 157,671 .. .. 157,671 Total of the Results .. .. .. 52,273 13,797,075 368,723 304,184 8,110.987 4,107,208 3,407,168 ' 4,811.819 and £22,523 ; and £2,070 per annum. |estra premium 6 6 i . 148 — 148 157,671 399 18,702 ■■ i3,797.°75 and £22,523 per annum. 368,723 f ; and £2,070 \ !extra premium: ! (not valued). ; 304,184 8,110,987 4,107,208 j 3,407,168 ' 4,811.819 I - ; ! (not valued). |i ; | 1 Ii