VICTORIA INSURANCE COMPANY.
Total profit of Victoria Insurance Co., ltd., for 1927-28 is £61,659, mado up of f£33,817 underwriting profit and i*/,*" income from investments. lor 1926-27 total profit was £45,141, comprising under writing surplus £16,780, and investment Income £28,361. Dividend is at the increased rate of 6s per share, equal to 17.1 per cent, having been paid for the three preceding years. The dividend absorbs £30000, while- £25,000 is added to reserve fund, making it £175,000, £3750 to reserve for unespired risks, raising its total to £153,750, and £3000 to staff provident fund. It is proposed to capitalise £25,000 of Teserves in order to write up the value pi shares from 35s to 40s, and making them fully paid.
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Bibliographic details
Evening Post, Volume CVI, Issue 54, 12 September 1928, Page 14
Word Count
120VICTORIA INSURANCE COMPANY. Evening Post, Volume CVI, Issue 54, 12 September 1928, Page 14
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