NATIONAL INSURANCE
Net premium income of the National Insurance Co. for the year ended September 30 was £372,452, compared with £381,195 last year and £360,795 in 1942. After making full provision for losses outstanding there is an underwriting surplus of £33,974 (last .year £26,241), interest and rents, less income tax. amount to £25,796 (last year £24,817), and the balance brought forward from last year is £37,867, amounting in all to £97,637. An interim dividend of 4d a share was paid in May last. This absorbed £16,667, leaving a balance of £80,970. The directors have added £15,000 to the investment fluctuation account and £2500 to the contingency account, and have written £5000 off the company's premises. They, now recommend a further dividend of 5d a share, which will take £20,833, making the total distribution for the year 9d a share (unchanged), or a 'lotai' of £37,500, and to carry forward £37,637.
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Bibliographic details
Auckland Star, Volume LXXV, Issue 262, 4 November 1944, Page 3
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150NATIONAL INSURANCE Auckland Star, Volume LXXV, Issue 262, 4 November 1944, Page 3
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