MOTOR INSURANCE
S.I.M.U.'S FINANCES
(By Teleprraph—Press Association.) CHRISTCHURCH, This Day. The South Island Motor Union Mutual Insurance Association , received a premium income of £56,038 in the year ended June 30, compared with £44,752 in the previous period. The loss ratio dropped from 61.73 per cent, to 57.95 per cent, and the" expenses ratio from 24.3 per cent, to 23.7 per cent. The total funds stand at £135 410 and tne reserves total £ 109,545. The directors report a surplus for the year j of £8291. which has been disposed of by adding £594 to the general reserve, £844 to bonus rebates paid during the year, and reserving £6854 for bonus rebates to v be paid in 1938-39.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19380912.2.94
Bibliographic details
Evening Post, Volume CXXVI, Issue 63, 12 September 1938, Page 10
Word Count
116
MOTOR INSURANCE
Evening Post, Volume CXXVI, Issue 63, 12 September 1938, Page 10
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