Nearly $200,000,000 of new life insurance was placed on the books during the year, bringing the total of insurance in force to over $2,900,000,- 000. Premium income was over one hundred and thirteen millions, an increase over the previous vestment income was ove!
ECO. while the total income from all sources exceeded $165,000,000, an increase of two and a half millions over last year. Disbursements were approximately $111,000,000.
Mr. Wood touched upon the business conditions encountered by the Sun Life in its operations during 1938 and showed how life insurance is so interwoven with the economic structure of national life that it can only extend its operations when business and other conditions are good. With regard to the coming year, Mr. Wood believed that there were sound reasons for expecting moderate improvement. The present trend of life insurance sales is already promising and, given favourable world conditions, a greater volume of business might be expected for 1939. He looks forward with confidence to the coming year The story of the Sun Life's growth is graphically told in the following figures Assurance Payments to Year In force Polieyholders Assets 1923 2.605,380.288 83.400.094.82 875,094.272.22 1528 1.967.211.407 49.920.197.71 488.958.706.81 1918 341.992.782 10,284,027.21 97.620.378.85 1603 119,517,740 2,9%0,207.65 29.238,525.51
Text read from the printed page and cleaned; old type leaves the occasional error.