AGRICUI/rUKAL INSURANCE IN I915 31 



the indemjiities, there being a deficit of 305,661,51 francs which was met 

 by drawings on the reserve fund. Interest was however paid on the hitter 

 account, and thus the reserve fund was diminished only by 116,921.57 francs 

 and still stood at 4,490,822.32 francs at the end of 1915. This time it was 

 again necessary to have recourse to a supplementary premium. 



To allow a better comparative examination we give in the tables on 

 pages 32 and 33 the results obtained by the Societe Suisse d' assurance contre 

 la grele from its foundation in 1880 until 191 5. 



A comparison of the most interesting figures in tliese tables for the 

 years 1914 and 1915 gives the following : 



1914 1Q15 



Number of policies . . . 66,897 68,877 



francs francs 



Insured capital 80,865,170 90,471,120 



Premiums received .... 1,304,086 1,298,096 



Ivosses indemnified .... 507,492 1,392,482 



Reserve fund 4,607,744 4,490,822 



In the case of Le Paragrele the figures showing the number of policies, 

 the insured sum and the amount of premiums are much the same for 1914 

 and for 1915. This company had in 1915 to pa}' onl}^ one small indemnity 

 of 316 francs, and therefore could pay a sum of 33,000 francs, as against one 

 of 9,000 francs in 1914, into its reserve fund which amounted at the end 

 of 1915 to 108,750 francs. 



The following is a comparison of the most interesting figures suppHed 



by this compan}' for 1914 and for 1915 : 



1914 1915 



Number of policies 535 528 



francs francs 



Insured capital 560,744 565,991 



Premiums received 33.731 34.007 



Losses indemnified 23,631 316 



Reserve fund 75-750 108,750 



The indemnities paid by the two companies from 1912 to 1915, ex- 

 pressed in terms of percentages of the sums insured, were as follows : 



1912 1913 1914 1915 



Societe Suisse . . 0.8 % i.i % 0.6 % 1.5 % 



• Le Paragrele ... 0.6 % 20.1 % 4.2 % o.i % 



Costs of administration did not exceed a normal rate. For the Societe 

 Suisse they were a little higher than in 1914, for Le Paragrele a little lower. 

 Expressed as percentages of the premiums received they were as follows : 



1912 1913 1914 1015 



Societe Suisse . . . 14.6 17.3 14.8 16. 1 



Le Paragrele . . . 12.9 11. i 13.5 11.8 



