The Insurance Times Volume . 47-48 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1914 edition. Excerpt: ... confidence for a gratifying exhibit of its affairs by the Confederation Life Association when the time comes for the publication of its annual financial statement, and this year that confidence is amply justified. The directors' report for 1913 is another proof of the excellence of its management and the financial soundness of the company. The net premium income for the twelve months was $2,734,127, while that received for interest and rents was $943,500. During the year the company paid to its policy-holders $1,621,707. Of this amount the death claims totalled $537,629, while holders of maturing endowment policies received $470,969 and there was allotted by way of dividends to participating policies $214,659. New insurances accepted and written during the year amounted to $12,129,502, the total insurance in force at the close of the year amounted to $69,094,281, being an increase of $5,329,978 over the previous year. The assets were increased by $1,453,428 and now total $18,723,820. All moneys are invested in securities of the highest standard and in strict conformity with the requirements of the Canadian Government. The rate of interest earned upon the company's funds again shows an advance over the previous year, and assures to policy-holders a continuance of the favorable returns which have governed in the past. The surplus earned during the year was $500,970, and at December 31, 1913, the total fund held by the company for the protection of its policy-holders over and above all existing liabilities, amounted to $2,081,781. Every department of the company's business has the most careful supervision, to which may be attributed the favorable results shown. The old Confederation Life is in good hands, and the present officials are all strong...