HEN such astronomical figures as those employed by a large insurance company are quoted, the layman has but a vague idea of their meaning and magnitude.
If the total: amount of insurance, for instance, held by the Sun's policy-holders were equally distributed over the entire population of the earth, every man, woman and child would be holding about Chinese $5 worth each.
The Sun Life of Canada—the Dominion's largest life insurance company—issued over two hundred and fifty million Canadian dollars of rew paid-for life assurance during 1937, thirty millions more than in 1936. The total assurances in force and commercial activity, its export and import trade contributing largely to the marked progress of the Dominion. The recovery movement reached its peak in September and was thereafter followed by a slight decline. held by more than a million policyholders now exceed two billion eight hundred and ninety million dollars, an increase during the year of one hundred and twenty millions. Marked increases in both new business and assurances in force were recorded in Canada, United States and Great Britain. The assets of the Company were increased by more than fifty three million dollars during 1937, bringing the present total to more than eight hundred and thirty-one million dollars, the highest in the history of the Company.
Income of $160 Million The financial report of the Company is impressive. An analysis of the statement reveals strength in its reserves, which have again been further strengthened from the surplus earnings of the year. During the year over five million dollars in profits were realized from the redemption or sale of ledger assets. Government and other bonds were increased during the. year by over fifty-nine million dollars. bringing the total in this class of investment to three hundred and sixty-nine million dollars, an amount representing 44% of the total assets. Despite the writing down and expansion of reserves the surplus and contingency reserve of the Company remain at something like thirty million dollars. The investment income increased substantially during 1937 to a total of thirty-two million dollars. while for the third successive year the. average rate of interest on all investments shows an improvement, The total income from all sources exceeds one hundred ánd sixty millions and the excess of income over
Text read from the printed page and cleaned; old type leaves the occasional error.