THE BUSINESS DONE 1)Y FINNISH MUTUAL SOCIETIES 



37 



The amount of insurance was distributed as follows in I()T4 anions; the 

 societies : 



less than 0.5 million francs 



from 0.5 to I 



from I to 2 



from 2 to 5 



from 5 to 10 



from TO to 20 



more than 20 



Total 



7 



29 



70 



128 



38 



7 

 44 



societies 



283 societies 



Of the total number of societies active at the end of 1914 the insurance 

 of 12.7 per cent, amounted to less than a million francs, that of 70 per cent, 

 was between one and five millions, that of 13.4 per cent, between five and 

 ten millions, that of 3.9 per cent, more than ten millions. At the end of 1896 

 the corresponding figures were, respectively, 55.5 per cent., 41. 7 per cent., 

 2.0 and 0.8 per cent. Thus in the eighteen years consivlered the average total 

 amount of insurance increased and there was a noticeable movement to- 

 wards the higher groups. The average capital insured by all these socie- 

 ties increased from 1,306,000 to 3,665,000 francs in the same period. A con- 

 siderable number of them however are still not solidly founded. The 

 total amount of their resources at the end of 1914 was 7,162,000 francs. 



Generally speaking, however, the position of these societie& slightly 

 improved between 1897 and 1914. The following is the average amount 

 of their resources per thousand francs of insured capital. 



1897 



1900 



1905 



1910 



1914 



2.40 francs 3.56 francs 4.90 francs 5.84 francs 6.74 francs 



These resources were however very unequally distributed among the 

 mutual societies. To give an idea of them the societies have been grouped 

 in the following table according to the amount of their resources at the end 

 of 1 914, their engagements being deducted. The liguies show the number 

 of societies belonging to each group : 



I^iabilities in excess of resources 12 



Without resources or liabilities i 



\ less than 1000 francs , i 



« , I from 1,000 to 5,000 francs 55 



Surplus r ,, _ ,, ^ „ ,Q 



, ^ / 5,000 10,000 40 



of resources I ,, 1 ,, „ .. ^^^ 



10,000 50,000 132 



more than 50,000 " 34 



Total . . . 283 



