36 RUSSIA - INSURANCE AND THRIFT 



The amount of the premiums received in 1914 was 2,06^^,791 francs, 

 employed as follows : 



w 



indemnities 1,607,076 frs. 



share of reinsurers . . . 106,503 » 1,500,573 frs. 



costs of administration 237,516 



premiums paid to reinsurers 105,426 



apparatus against fire , 22,711 



other expenses 70.423 



Total . . . 1,936,649 

 Surplus in hand . . . 128,142 



If there be added to this surplus interest and other small receipts, which 

 in 1914 amounted to 343,912 francs, a total surplus is obtained of 472,054 

 francs as the increase in the sum which all the societies have in hand. 



If the indemnities, the cost of administration and the other expenses 

 incurred during the year by the leasing and parochial societies be compared 

 with the capital insured at the end of the year, it is foimd that for every 

 1000 francs of capital insure^l in 1914 the indemnities amounted to 1. 41 

 francs and the costs of administration to 0.21 francs. The latter item is 

 sufficiently low, owing to the fact that an important share of the adminis- 

 tration of these societies is undertaken by the communes, and that the 

 part of the costs which constitutes the pay of the experts etc. is oftenest 

 paid directly by the interested person, without passing through the hands 

 of the society, so that it does not figure in the accounts. 



The following table shows the total sum of the premiums received in 

 1914 by the various groups of insurance societies in Finland, and the sum 

 of the indemnities and the costs of administration in the same year. 



Table IV. — Premium, indemnities and costs of administration. 



Costs of 

 ,. , 1 • Premiums Indemnities administration 



Large mutual socie- _ _ _ 



ties 4,873 ,360 frs. 2,738,872 frs. 891,413 frs. 



lycasing and parochial 



societies 2,064,791 " 1,607,076 " 237,516 



Finnish stock compa- 

 nies 2,946,644 " 1,319,383 " 562,672 



Foreign stock compa- 

 nies 882,281 " ' 511,702 " 139,266 " 



Total . . . 10,767,076 frs. 6,167,033 frs. 1,830,866 frs. 



