STATE FIRE INSURANCE.
♦ OPERATIONS DURING YEAR. [BY TELEGBAFH.—SPECIAL C^tEESPOXDEN-T.J Wellington, Wednesday. The annual report of the State Fire. Insurance Office states that the net profits amounted to £13,660, as against £15.443 for 1913. The total accumulated profits at the close of the year was £60.564. The net income, including interest on investments, was £67,693, and the net premium I income was £64,645, as against £59,417 for 1013, showing an increase of £5228. The net losses were £23.109, as compared with £27,975 for 1913, the ratio to premium income being 43.5 per cent, and 47.08 per cent, respectively. The ratio of working expenses was 27.5 per cent, for 1914 and 26.6 per cent, for 1913. At the close of 1914 the reserve funds amounted to £87,425, as against £66,671 for the previous year. The investments stood, at the close of the year, at £68,996, as compared with £44,250 for 1913.
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Bibliographic details
New Zealand Herald, Volume LII, Issue 15964, 8 July 1915, Page 9
Word Count
149STATE FIRE INSURANCE. New Zealand Herald, Volume LII, Issue 15964, 8 July 1915, Page 9
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