HC Deb 25 October 1949 vol 468 cc130-1W
95. Mr. McAdam

asked the President of the Board of Trade what were the assets and liabilities of the assurance companies at 31st March, 1949; and what were their total investments in Government stocks.

Mr. H. Wilson

The following is a summary of particulars contained in the balance sheets of assurance companies established and carrying on business in the United Kingdom which have been deposited with the Board of Trade pursuant to the Assurance Companies Acts. The figures, which are the latest available, relate to the year 1948.

ASSETS
investments:—
£ million
1. (a) British Government Securities 922.6
(b) British Government Guaranteed Securities 208.7
(c) Local Government issues 104.5
(d) Commonwealth and Colonial Government issues 112.9
2. Other investments 921.8
3. Mortgages, loans, property, etc. 371.4
4. Cash and Agents' balances 260.0
2,901.9
LIABILITIES
1. Capital 56.5
2. Life Assurance Funds (Ordinary) 1,478.3
3. Life Assurance Funds (Industrial) 640.0
4. Other Insurance Funds 292.7
5. Outstanding claims and sundry creditors 266.2
6. Reserves 168.2
2,901.9

Note.—Item 1 (b) represents holdings in British Transport and British Electricity Stocks.