Description: This discussion looks at principles which should govern the determination of the respective proportions of earnings to be allocated to policyholders and stockholders, the level of contingency reserves and surplus which should be maintained, and looks at the extent to which the mandatory Security Valuation Reserve should affect the level of unassigned surplus.

Description: This discussion looks at the future of the actuarial profession. Specifically, the number of students employed and successful means of recruiting. From Transactions of Society of Actuaries 1953, Vol. 5, No. 11.