H—B

FOURTH SCHEDULE— continued Summary and Valuation of the Policies of the Government Life Insurance Department as at 31st December, 1947

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Valuation Particulars of Policies for Valuation. (the bases used are those stated in Section II (1) of the Descrintion of Transactions. Fourth Schedule). Number of Sums assured Office Yearly Net Sums assured Office Yearly Net Net Policies. and Bonuses. Premiums. Premiums. and Bonuses. Premiums. Premiums. Liability. ASSURANCES I.—With Participation in Profits £ £ £ £ £ £ £ Whole-life assurances .. .. .. 10,886 6,439,261 168,079 116,316 3,382,138 2,933,437 2,028,313 1,353,825 with extra profits .. 185 132,588 2,900 2,169 90,058 40,698 30,439 59,619 Endowment assurances .. .. .. 75,238 28,078,405 786,253 607,656 17,944,262 10,540,228 8,124,861 9,819,401 with extra profits .. 217 88,277 2,146 1,813 76,040 14,752 12,461 63,579 Double-endowment assurances .. .. 2,333 817,823 15,583 13,943 730,663 61,166 54,741 675,922 Deferred assurances .. .. .. 18,401 12,997,874 101,724 76,889 2,959,570 3,052,121 2,306,960 652,610 Joint-life assurances .. .. .. 6 8,944 302 185 7,210 2,250 1,382 5,828 Simple endowments .. .. .. 2,055 479,167 17,951 16,867 325,802 202,218 190,002 135,800 Annuity assurances .. .. .. 10 2,790 101 93 2,212 50 47 2,165 Extra premiums payable .. .. .. .. .. 2,437 .. 2,437 .. .. 2,437 Total assurances with profits .. 109,331 49,045,129 1,097,476 835,931 25,520,392 16,846,920 12,749,206 12,771,186 II. —Without Participation in Profits Whole-life assurances .. .. .. 3,988 1,843,886 48,526 41,129 1,241,347 557,720 472,680 768,667 Endowment assurances .. .. .. 320 91,950 2,514 2,376 72,503 17,625 16,657 55,846 Deferred assurances .. .. .. 17 6,050 72 66 3,034 1,295 1,182 1,852 Joint -Hfe assurances .. .. .. 3 1,217 29 22 786 476 363 423 Temporary assurances .. .. .. 7,476 4,280,740 .. .. 294,457 .. .. 294,457 Sinking-fund assurances .. .. .. 14 113,386 4,296 4,167 71,092 40,737 39,515 31,577 Extra premiums payable .. .. .. .. .. 226 .. 226 .. .. 226 Total assurances without profits .. 11,818 6,337,229 55,663 47,760 1,683,445 617,853 530,397 1,153,048 Reserve for prepaid loading, &c. .. .. .. .. .. .. 132,791 .. .. 132,791 Total assurances .. .. .. 121,149 55,382,358 1,153,139 883,691 27,336,628 17,464,773 13,279,603 14,057,025 ANNUITIES Immediate .. .. .. .. 543 45,367 .. .. 434,761 .. .. 434,761 Deferred .. .. .. .. 45 120,786 34,440 33,407 561,639 480,477 466,067 95,572 ♦Contingent .. .. .. .. .. 66,611 3,356 .. 6,713 .. .. 6,713 Total annuities .. .. .. 588 232,764 37,796 33,407 1,003,113 480,477 466,067 537,046 55 382 358 Total of results .. .. .. 121,737 'and 1,190,935 917,098 28,339,741 17,945,250 13,745,670 14,594,071 232,764p.a. * These annuities are part of family income assurance contracts —the basic assurances in each case have been included under their respective classes above.