INSURANCE RESULTS.

Press, Volume LXII, Issue 18671, 21 April 1926, Page 10

INSURANCE RESULTS.

The accounts of forty-one insurance companies 'have been tabulated by the "Australasian Insurance; and Banking Record," and it reports, that.their total, underwriting figures, compared 'with ftiose for 37 offices taken a year <'ago; disclose Hist 1 fiet'premiums for. .1926-26 ~ were £6,55ti,8?3v • against" iff,083,246' in 19!24-25 'by the smaller dumber companies. .-Losses at £3<452;85'1 -were about £IOO,OOO less than for the preceding term, and charges at £2,414,948 contrasted with £2,319:613, so that the apparent surplus frag £891,526, against £418,326 for previous period.. As the unexpired.- risks require a -greater- reserve of about -£190,000, the apparent surplus is reduced to £501,295, which is equivalent to 7.84-per cent, of the net premiums. Losses work out at- 52.64 per .cdnt., and charges at 80,82. per ' cent. If to the underwriting surplus be added'earn.nings from interest, etc,, the total available for the period amounts to £1,372,401, - from M-hich dividends' requiring- : £500,412 ■ have been declared,- leering,'£7Blißß9--to- b'e otherwise appropriated. . The losses incurred by thf insurance .offices, recently have been exceptionally heayj;, an(l as a. consequence fhe figures for the current l year may not* be as satisfactory. . ,The capita! paid, qp by the companies dealt with' Aggregates £5,851,000. -reserves,' excluding' '.reserves' '.tor! unexpired 'risks, . totftl £4v160,882, whila. undivided profits 'amount * to 1 £645,024. ' of sharehotydw' fundi, after setting, ailie; pjo ; vision for Unexpired risks! therefore, exceeds £10,6'50,000/V :. < ; .•, { : •'