28 SWITZERLAND - INSURANCE AND THRIFT 



latter circumstance may perhaps be explained by the fact that man}- ani- 

 mals which would in normal times have been condemned and for which 

 an indemnity would have been paid are in use to-day. 



The development of this society's Siviss business in the last four years 

 is shown by the following figures. 



Insured sums Premiums I<osses 



francs 



1912 2,768,073 



1913 2,605,470 



1914 2,450,782 



1915 2,270,044 



The Perleberger Versicherungs A. G. began to practise the insurance of 

 butchers' live stock in Switzerland in 1913. As a stock company it in- 

 sures only for fixed premiums and excludes all supplementary contributions 

 from the insured. This company's progress has been satisfactory. The 

 total sum of its insurance had slightly diminished in 191 4, but rose again 

 until it surpassed its amount in 1913. The sums insured have been as fol- 

 lows : 



in 1913 378,784,142 francs 



in 1914 377.436,166 



in 1915 379,322,664 



The annual accounts showed a profit of 461,276.87 francs as against 

 256,609.03 francs in 1914, and allowed the distribution of a 10 per cent, 

 dividend as in the previous year. Further 197,199.74 francs were paid into 

 the reserve for eventualities arising out of the war. 



The company concluded no fresh insurance in Switzerland in 1914. Its 

 Swiss business in the two previous years is represented by the following 

 figures : 



Year Sums insured 



francs 



I913 1,659,800 



I9I4 5,297,190 



As regards the Garantie federale the tables annexed to the report of 

 the Federal Office of Insurance contains data, having reference to Switzer- 

 land only, with regard to the sums insured which amounted to 4,221,645 

 francs. Its profit and loss account refers to the total business concluded 

 b}- this company even outside Switzerland, and the figures on this account 

 showing the premiums received and the losses indemnified refer to the com- 

 pany's general business. The net indemnities which it paid in vSwitzerland, 



