INSURANCE RESULTS.

Auckland Star, Volume LVI, Issue 103, 4 May 1925, Page 4

INSURANCE RESULTS.

MUTUAL XIFE AND CITIZEN'S COMPANY. SATISFACTORY YKAII. 1 The IJSStIi annual report, of tin , l Mutual Lifu niul Utizi-ns' AsMiram-e. Company lias just bui'ii issued. Jt t bliiU'.-, inter alia:— 1 Ordinary liniiu-h.—Tile lieu- luisinoss | ' written was 10,041 m> w pulii-io* for* iH.1211.425. i>£ which .UT.'.unu \v;is n- ,- fissured. The expense rale ivns « per ' rent of thn total income itn<l 10.l ]"''' '. i-iMit of tlio premium inomiir , . Tlic in- ' i.TL'st earned on tin- iumU wn* JC"> "i/l pnr ci'iit. In inrri'a.-o on la-t yriiv s ■■ li}!iirf!i uf 2/5 piT iiMit. llcwreionarv l>oniirfi! fur ilio yi-ar nmountinj: to * CTi:i.OOO ]iu\c 1 ti all.Utod l.) pidiiy-lioldi-r*. Industrial Brnncli.-Tlip pn-miums ro- ; rrivpil for I lie year aimmnlpd 1° ] LMSti.OiU. Tin- rN|M'iifO rate was -S , y,- r i-i-ni of I'm' totnl ini'oino nnd "4.'-> , per <vni uf the premium incoim , . 'J' lo i intorr-t. rnrni-.l nn tlic fund* was £■"> , ii/.-, pi-r ■■.■lit. mi inrrcaEC of 1/:1 p<>r ] font. Wo liavp mailo p.volianpoa of , porno Pliurt-dutcd lax-frc Covormnrat < .-.->-iuUio~ fur t1i...~0 yiniainpr Iliplior , r.i in-, and n; a ro.-nlt then- will 1«> a ; nilistnntiul iniToftM jn our interest • earnings for ilie current year. i fipnorul.—raymrnts to policyholder*: The i-lairr.s paid dtirinp tlic year under j policies amounted to .t:l.M7.niiii. Sim-, its ini-pption the company lias paid £14,.")-!8.271 to i>olicyliolders. Amalpamation results: Excellent results continue to aeiruc to polioyholders of the Mutual Life Association and *'"' Australian Widows' Fund through Iheir union with Hie company. The surplus, wTiicli oxoecls ml por <*nt of tlir premiuma received, provides tor | the allotment of a compouml reversionary bonus of £3 per cent. Tlip total surplus of the ordinary hranch is £")05.28.-i. and of the industrial branch £i;i,'24o.