GOVERNMENT INSURANCE DEPARTMENT.
THE TRIENNIAL. VALUATION.
(Pee United Pkess Association.)
Wellington, April 30,
The triennial valuation of the Government Life Insurance department has been made, this time locally upon principles laid down by the English actuaries. It has only taken four months to complete. The insurance fnnd at the end of 1893, after adding £18j000 to the fluctuation fund, amounted to £2;128,590, and the net liability to £1,938,590, leaving a surplus of £190,000. Of this, £140,000 will be divided in bonuses and £50,000 placed to the reserve. The expense rate has fallen during the last three years, and the new business was greater daring 1893 than for some years, the amount being a little over £740,000, The net increase of new business over discontinuances shows a marked advance upon 1892. The ratio of expenses of management shows a decrease of i per cent.
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Bibliographic details
Otago Daily Times, Issue 10037, 1 May 1894, Page 2
Word Count
143GOVERNMENT INSURANCE DEPARTMENT. Otago Daily Times, Issue 10037, 1 May 1894, Page 2
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