28 



ITALY - INSURANCE AND THRIFT 



§ 2 . The results of the first year. 



The federation became active on i July 1916 when it included seven 

 of the ten mutual societies now federated. The following table shows its 

 relations with each of its federated mutual societies on 30 June 191 7 : 



Headquarters 

 of the Mutual Society 



Number 



of 



heads 



of stock 



insured 



Capital 



insured 



Percen- 

 tage 



insured 



Capital 



reinsured 



Federal 

 quota 



Number 

 of 



casual- 

 ties 



Indem- 

 nities 

 paid 



Alta Staggia . . . 



Ambra 



Canonica Cerreto . 

 Modigliana .... 

 Poggibonsi .... 



Porcnri 



Prato 



St. Quirico d'Orcia 



Tizzana 



Valtriano 



Total 



422 

 280 



327 

 124 

 223 

 112 

 400 



570 

 194 



286,000 



224,475 



286,000 



108,000 



237.300 



76,000 



260,000 



343,000 



77,000 



80,740 



50% 

 25% 

 25% 

 25% 

 25% 

 25% 

 50% 

 25% 

 50% 

 50% 



143,000 

 56,118 

 59,000 

 27,000 



59,323 

 19,000 

 130,00c 

 85,750 

 38,500 

 40,370 



2,850 



1.928,515 



658,063 



591.90 

 382.28 



64.12 



412.38 



838.00 



65.00 



441.09 



355-88 



3,150.65 



From these data it appears that from i July 1916 to 30 June 1917 indem- 

 nities were paid in all for 38 casualties and amounted to 3,150.65 liras. 

 The difference between the reinsurance premiums paid by single societies 

 and the indemnities paid to them was 1383.97 liras. 



As regards its finances the federation could not have attained to better 

 results in its first year. The following table shows the amount of loss 

 incurred on every 100 liras of insured value by each federated mutual society. 



Name of Mutual Society 



Alta Staggia . . . 



Ambra 



Modigliana .... 

 Poggibonsi. . . . 



Porcari 



Prato 



St. Quirico d'Orcia 



Tizzana 



Valtriano .... 



Insured 

 Capital 



Number 



of 

 Casualties 



286,000 



224,475 



286,000 



287,300 



76,000 



260,000 



643,000 



77,000 



80,740 



10 

 5 



Total 



I/OSS 



insured 



Percentage 



of 

 mortality 



