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The Pamphlet Collection of Sir Robert Stout: Volume 47

Life Insurance

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Life Insurance.

Thirty-seven Co's. transacted Life Insurance business in Canada in 1877, viz: 7 Canadian, 17 British and 13 American; but 4 British and 1 American had ceased to take new business, and 1 Canadian ceased to do so during the year. 3 British and 5 American Co's. gave notice of their intention to transact no new business after March, 1878. The new business of Life Insurance is being transacted by 6 Canadian, 10 British and 6 American Companies.

The following Table from the report presented to Parliament shows the business of the year.

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Premiums of the year. Number of Policies New. Amount of Policies New. Number of Policies in force at date. Net Amount in force at dale. Number of Policies become Claims. Net Amount of Policies become Claims. Claims Paid. Unsettled Claims.

Abstract of Life Insurance in Canada, for Year 1877.

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Scottish Provident.................. 6,037 None-None. 133 269,542 None. None. None. None. None. Scottish Provincial.................. 40,229 None. None, 651 1,182,448 11 18,616 45,123 6.690 None. Standard.................. 135,472 99 292,233 2,403 4,774,060 33 89,776 127,208 32,322 None. Star (17)........................ 18,194 6 17,033 250 520,831 5 3,868 2,651 1,217 None. Totals for British Co's. for 1877............... 577,364 990 2,142,702 9,534 19,349,204 135 358,142 394,484 ......... ......... do do 1876 .. 597,155 792 1,683,357 No return. 18,972,353 145 386,023 305,057 ......... ......... Increase i—Decrease d ........... d 19,791 i 198 i 459,345 ........ i 376,851 d 10 d 27,881 i 89,427 ......... ......... American Companies . Ætna.................. 279,702 966 1,082,451 6,622 8,211,316 53 82,065 50,683 42,761 4,000 Atlantic Mutual.................. 15,589 None. None. 699 902,194 12 14,216 4 500 8,716 1,000 Connecticut.................. 166,326 93 236,100 2,080 5,068,778 19 44,489 32,200 12,289 25,000 Equitable.................. 101,722 400 936,915 2,338 5,535,990 23 81,170 44,500 19,670 20,000 Globe Mutual.................. 34,084 747 1,201,400 867 1,564,820 6 4,864 1,864 3,000 None. Metropolitan.................. 44,151 160 178,000 672 1,477,000 6 12,500 11,500 1,000 None. National.................. 26,020 29 45,000 708 895,789 10 14,008 9,808 7,200 None. New York.................. 176,905 165 367,605 1,839 4,893,480 22 87,189 83,045 16,185 2,000 North Western.................. 43,307 190 276,000 900 1,392,254 14 20,062 19,662 2,400 None. Phœnix of Hartford.................. 128,638 367 338,086 3,128 3,034,561 35 69,233 43,633 41,000 1,000 Travelers'.................. 97,063 431 691,540 2,114 3,130,487 29 14,612 8,612 10,000 None. Union Mutual.................. 98,993 229 314,220 1,999 3,254,686 17 41,830 40,485 12,800 2,980 United States (13).................. 2,136 None. None. 33 107,170 None. None. None. None. None. Totals for American Co's. for 1877.. 1,299,724 3 817 5,667,317 23,999 39,468,575 246 486,238 350,492 ......... ......... do do 1876.. 1,437,612 4,194 6,740,804 No return. 40,698,191 202 400,619 396,617 ......... ......... Increase i-Decrease d .................. d 137,888 d 377 d 1,073,487 ........ d 1,229,716 i 44 i 85,619 d 46,725 ......... .........

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