Record for Nat. Mutual
New sums assured with the National Mutual Life Association rose 32 per cent to a record $474.1m in the year to September 30. During the year, the business gained 21.8 per cent of total new premiums paid to all life offices in New Zealand, as against 15.9 per cent for the 1973-74 year. New annual premiums rose 55 per cent to $9.4m. The substantial increase in superannuation business had played an important part in the production of these figures.
During the year, National Mutual had invested $40.4m in New Zealand, bringing its total life assurance assets in New Zealand to $312.2m. Payments of benefits to policyholders and beneficiaries had totalled $22.2m, compared with $17.9m the previous year.
Bonus distribution, including both annual bonuses and terminal bonuses, had reached a record total of $27.8m.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19760427.2.210
Bibliographic details
Press, Volume CXVI, Issue 34138, 27 April 1976, Page 27
Word Count
137Record for Nat. Mutual Press, Volume CXVI, Issue 34138, 27 April 1976, Page 27
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in