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Equitable Society

Published online by Cambridge University Press:  18 August 2016

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Abstract

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Type
Reports of Assurance Companies
Information
Journal of the Institute of Actuaries , Volume 1 , Issue 1 , 1851 , pp. 95 - 100
Copyright
Copyright © Institute and Faculty of Actuaries 1851

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References

page 98 note * The amount of the Retrospective additions on the 1st of January next, will be £843,439, of which £734,598 is now to be added. Value £503,330. Amount of Prospective additions would be £86,528 per annum on the £4,326,434, but will necessarily increase as fresh amounts (about £300,000) are added yearly by annual admissions of new Assurances to keep up the constant number of 5000. The sum paid in Prospective additions in the last ten years has been £400,000, which has been a charge on the growing profits,and together with £70,000 paid for the income-tax, has equalled nearly the income derived from the reserve of 1839, taking the 3 per cents. at 90. On a moderate estimate a quarter of a million will be paid for Prospective additions on claims arising out of the Assurances of these new Members in the course of the next 10 years.