LIFE INSURANCE
MELBOURNE, May 26.
The annual report of the Colonial Mutual Life Insurance Company showed that the volume of new assurances was not quite so large as in 1908, though the falling off in business was counterbalanced by a substantial increase in New South Wales. The expenses had been reduced iby over £II,OOO compared with the previous year, and the death claims were £15,000 below expectations. The acquisition of the business of the Standard Life Association was likely to prove of considerable advantage in facilitating the industrial branch. The business in force in the industrial branch oj> 31st December last represented a premium income of over £12,000, and the result of the six months' work dealt with in the actuary's quinquennial report disclosed a surplus of £298,291 for disposal.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/OW19100601.2.114
Bibliographic details
Otago Witness, 1 June 1910, Page 31
Word Count
130LIFE INSURANCE Otago Witness, 1 June 1910, Page 31
Using This Item
Allied Press Ltd is the copyright owner for the Otago Witness. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in