United States yearbook - 1982 (1)

520 Banking, Finance, and Insurance
N o . 862. Mu t u a l Fu n d s — N e t As s e t s , Sa l e s , a n d R e d e m p t io n s : i9 6 0 t o 1981
(In b u tto n s o f d o lla rs , e x c e p t n u m b e r o f fu n d s . S e e a ls o H istorical Statistics, C olonial Tones to 1970, s e rie s X 5 3 6 - 5 3 9 ]
T Y P E O F F U N D 1 9 6 0 1 9 8 5 1 9 7 0 1 9 7 2 1 9 7 3 1 9 7 4 1 9 7 5 1 9 7 6 1 9 7 7 1 9 7 8 1 9 7 9 1 9 8 0 1 9 8 1
N u m b e r o f fu n d s ................... 16 1 1 7 0 361 4 1 0 4 2 1 4 3 1 4 2 6 4 5 2 4 7 7 5 0 5 5 2 4 5 6 4 6 6 9
A s s e t s 1.......................................................... 1 7 . 0 3 5 . 2 47.6 59 . 6 4 6 . 5 35.8 45.8 5 1 . 0 4 8 . 5 5 5 . 8 94 . 5 134.7 241.4
M o n e y m a rk e t fu n d s .............................. (X) (X) (X) (X) (X) 1.7 3.6 3.4 3. 5 1 0 . 9 45 . 2 74.4 181,9
Equity h in d s ................................................ 16 . 8 32.8 45.1 55 . 9 4 3 . 0 30.9 37 . 5 3 9 . 2 34.1 3 2 . 7 35 . 9 44.4 41.2
In c o m e a n d b o n d fu n d s ...................... .2 2.5 2.5 3.9 3.5 3.2 4.7 7.8 6.4 9. 3 10.1 11.1 11.0
M u n ic ip a l b o n d f u n d s .......................... . w (X) (X) (X) (X) .5 2. 3 2 . 6 3.0 2.9 3.1
w (X)
S a le s \ ......................................................... 2.1 4.4 4.6 4.9 4.4 5.3 10.1 13 . 7 17.1 3 7 . 2 1 1 9 . 3 24 7 . 5 4 7 2 . 2
M o n e y m a rk e t fu n d s ....................... (X) (X) (X) (X) 2.2 6.6 9.4 10 . 7 3 0 . 5 1 1 1 . 9 2 3 2 . 2 45 1 . 9
(X)
Equity f u n d s ........................... .......... ....... 1.9 3.9 4.2 4,3 3.9 2.6 2.6 2.7 2.4 2 . 8 3.1 5.6 6.0
In c o m e a n d b o n d fu n d s ...................... .2 .4 .4 .6 .5 .5 .7 1.2 1.6 2 . 0 2.0 2.6 2.3
M u n icip al b o n d f u n d s ........................... (X) (X) (X) (X) (X) (X) .5 2.1 1.8 1.7 1.8 1.5
(X)
R e d e m p tio n s 1................................................ .8 2.0 3.0 6.6 5.7 3.8 9.6 16 . 4 16.7 3 1 . 5 86.6 21 6 . 5 3 6 2 . 0
M o n e y m a rk e t fu n d s ............................. (X) (X) (X) (X) .6 5.9 9.6 10.7 24 . 3 78 . 4 204.6 346.7
(X)
Equity fu n d s ................................................ .6 1.8 2.8 6.2 6.2 3.0 3.3 6 .0 4.7 5.1 5.7 6.7 5.1
In c o m e a n d b o n d iu n d s ......... .1 .2 .2 .4 .4 .3 .4 .8 .8 1.0 1.4 1 .5 1.5
Municipal b o n d f u n d s ........... (X) (X) (X) (X) (X) (X) (X) (Z ) .5 1.1 .9 1.0 .8
X N o t a p p lic a b le . Z le s s th a n 6 5 0 m illio n . 1in clu d es fu n d s n o t s h o w n s e p a ra te ly .
S o u rc e : In v e s tm e n t C o m p a n y In s titu te , W a s h in g to n , D .C ., M utual Fund Fact Book, a n n u a l.
N o . 863 . U.S. Lif e In s u r a n c e c o m p a n ie s — S u m m a r y : 1960 t o 1981
[A s o f D e c e m b e r 3 1 o r c a le n d a r y e a r a a s a p p lic a b le . C o v e rs d o m e s tic a n d fo re ig n b u s in e s s o f U .S . c o m p a n ie s . S e e a ls o
H istorical S tatistics, Colonial Timas to 1970, s e rie s X 8 7 9 a n d X 6 9 0 - 9 0 7 ]
ITEM
U n it
1 9 6 0 1 9 6 5 1 9 7 0 1 9 7 4 1 9 7 5 1 9 7 6 1 9 7 7 1 9 7 8 1 9 7 9 1 9 8 0 1981
U .S . c o m p a n ie s
N u m b e r.
1 ,441 1 ,6 2 9 1 ,7 8 0 1 ,7 5 7 1 ,7 4 6 1 .7 4 2 1 .7 8 9 1 ,8 4 0 1 ,8 9 5 1 ,9 5 8 1 ,9 9 2
S a f e s 2..............................................................
O rd in a ry ............................. ...................... .
G ro u p 1..................................................... .
In d u s tria l..................................................
B it. d o t.
B it. do).
B ll. d o l.
B il. dol.
7 8 .4 1 4 9 .8 2 0 6 .8 3 2 3 .5 3 1 6 .5 3 5 2 .2 4 Q 7 .7 4 3 7 .9 5 2 6 .8 6 5 4 .7 9 0 6 .9
5 6 .2 8 9 .6 1 3 4 .8 1 9 9 .0 2 0 7 .1 2 3 3 .6 2 7 7 .3 3 0 4 .2 3 5 9 .1 4 6 1 ,5 5 5 5 .3
1 5 .3 6 2 .9 6 5 .4 1 1 7 .8 1 0 2 .7 1 1 2 .2 1 2 3 .6 1 2 7 .7 1 6 2 .4 1 8 9 .6 3 4 9 .5
6 .9 7 .3 6 .6 6 .7 6 .7 6 .4 6 .5 6 .0 5 .3 3 .6 2.1
V o lu n ta ry te rm in a tio n , o rd in ary
p o lic ie s :*
All p o lic ie s in fo rc e In U .S ............
In fo rc e 2 y e a rs o r m o r e .........
R a te
R a te
5 .2 5.1 5 .9 6 .5 6 .7 6 .6 6 .6 6 .6 7 .2 8.1 8 .9
3 .7 3 .5 3 .9 4 .5 4 .5 4 .6 4 .7 4 .6 5.1 5 .8 6 .6
in c o m e .................................................
L ife In s u ra n c e p re m iu m s ......
P e rc e n t o f t o t a l......................
A n n u ity c o n s id e ra tio n s ...........
H e a lth In s u ra n c e p re m iu m s
In v e s tm e n t a n d o t h e r .............
B it. do t...
B il. do l...
P e r c e n t.
B ll. d o l...
B il. do l...
B il. d ol...
2 3 .0 3 3 .2 49.1 7 0 .0 7 8 .0 8 8 .6 6 8 .0 1 0 8 .2 1 1 9 .1 1 3 2 .5 1 5 1 .9
1 2 .0 16.1 2 1 .7 2 7 .8 2 9 .3 3 1 .4 3 3 .6 3 6 .6 3 9 .1 4 0 .8 4 7 .4
5 2 ,2 4 8 .5 4 4 .2 3 9 .7 3 7 .6 3 5 .4 3 4 .5 3 3 .8 3 2 .0 3 0 .8 3 1 .2
1.3 2 .2 3 .7 7 .7 1 0 .2 1 4 .0 1 5 .0 1 6 .3 1 7 .9 2 4 .0 2 8 .6
. 4 .0 6 .3 1 1 .4 17.1 19.1 2 1 .1 2 3 .6 2 5 .6 2 7 .9 2 9 .4 3 1 .8
. 5 .6 8 .6 1 2 .3 1 7 .4 1 9 .4 2 2 .2 2 5 .7 2 9 .4 3 4 .2 3 0 .3 4 4 .1
D is b u rs e m e n ts .................................................. B il. dot...
Payments to policyholders s........... B il. do l...
Percent of total...................... P e rc e n t,
Death payments......................... B il. d o l..
Matured endowments................. B il. d o l..
An n ui t y p a y m e n t s ....... ........ B il. d o l..
Policy dividends............ ............ B il. d o l..
S u r r e n d e r v a l u e s ................ B it. d o t..
Disability benefits....................... B il. d o l.
Commissions, expenses, etc.......... B il. d o l..
Dividends to stockholders.............. B il. dot*.
. 1 7 .5 2 5 .2 3 9 .0 5 3 .3 5 8 .2 6 3 .0 6 9 .0 7 2 .6 8 1 .1 6 9 .8 1 0 6 .6
. 11.4 1 6 .6 2 5 .6 3 4 .7 3 8 .1 4 1 .0 4 4 .4 4 7 .8 5 3 .7 6 0 .6 6 9 .9
. 65.1 6 5 .5 6 5 .6 65.1 6 5 .5 6 5 .1 6 4 .3 6 5 .8 6 6 .2 8 7 .5 6 5 .6
4 .9 7 .2 e .9 9 .3 9 .7 1 0 .2 1 1 .1 1 1 .8 1 2 .9 1 5 .8
1.0 1 ,0 1.0 1 .0 1 .0 .9 .9 .9 .8 7
.7 1.0 1.7 2 .9 3 .2 3 .9 4 .6 5.1 6 .6 1 1 .9
9 .0
. 1.9 2 .8 3 .8 4 .8 5.1 5 ,6 6 .3 6 ,8 7 .6 9 .3
8.1
. 1.7 2 .0 2 .9 3 .7 3 .8 4 .2 4 .3 4 .5 5 .5 6 .4 7 .2
.2 .2 .4 .4 .5 .5 .5 .6 .5 .6
. 5 .9 8 .4 1 2 .9 1 7 .9 1 9 .4 2 1 .3 2 3 .9 2 3 .7 2 5 .9 2 7 .8 3 5 .1
. .2 .2 .5 .7 .7 .7 .6 1.1 1 .5 1.4 1 ,6
T a x e s , lic e n s e s a n d fe e s
F e d e ra l In c o m e t a x e s ..
E m p lo y e d In in s u ra n c e
B ll. dot.,
B il. d o l.
1,000...
,9 1 .4 2 .2 3 .4 3 .5 4 .0 4 .4 5.1 5 .5 4 .8 4 .2
.7 1 .2 1.9 1 .9 2 .2 2 .5 3 .0 3 .3 2 .6 1.8
..1 ,1 0 5 1 ,2 2 5 1 .4 6 0 1 ,6 2 0 1 ,6 4 0 1 ,6 7 5 1 ,7 1 5 1 ,7 7 5 1 ,8 3 0 1 .8 8 0 1 ,9 0 5
‘ In c lu d e s s e rv ic e m e n 's g ro u p life in s u ra n c e o f $ 2 7 .4 billion in 1 9 6 5 , $ 1 6 .8 billio n in 1 9 7 0 , $ 2 8 .6 biltio n In 1 9 7 4 , $ 1.7 b illio n In
1 9 7 5 , a n d $ 4 4 .5 b illio n in 1 9 8 1 , a s w e ll a s $ 6 1 .5 biltion o f F e d e ra l E m p lo y e e s ’ G ro u p L ife In s u ra n c e In 1 9 8 1 . ‘ R a t e is ra tio o f
n u m b e r o f p o lic ie s la p s e d o r s u rre n d e re d (fo r cash , e x te n d e d te rm ), le s s re in s ta te m e n ts , to m e a n n u m b e r o f p o lic ie s In fo rc e
In c lu d e s fo re ig n c o m p a n ie s p o lic ie s , p rim a rily C a n adian. in c lu d e s o p e ra tio n s o f a c c id e n t a n d h e a lth d e p a rtm e n ts o f life
in s u ra n c e c o m p a n ie s , n o t s h o w n s e p a ra te ly . ‘ In c lu d e s life, h e a lth , a n d p ro p e rty /c a s u a tty in s u ra n c e .
S o u rc e : A m e ric a n C o u n c il o f L ife In s u ra n c e , W ashin g to n , D .C . B a s e d o n d a ta fro m Life Insurance F act Book, a n d u n p u b lis h e d
d a ta .