A.M.P. SOCIETY.

Taranaki Herald, Volume LXI, Issue 144132, 30 June 1913, Page 7

A.M.P. SOCIETY.

AN UNIQUE DISTRIBUTION. The annual bonus certificates for the year ending December 31, 1912, are being posted to the members of the A.M.P. Society throughout the world to-day. _ _ . The distribution is an unique one, for no less than £929,526 in cash is the amount being distributed, and this represents reversionary additions to the policies amounting to about £1,640,000. The first amount, plus £7444 paid as interim bonuses on policies that have become claims during the year, is equal to £3B 18s per cent, on the participating assurance premiums received during the year—a rate of bonus unexcelled by any other life office in the world. To-day is the 42nd anniversary of the establishment of the New Zealand branch of the society, and last year it again did a record new business. The new policies issued in the ordinary department were 3814, assuring £1,274,709, and producing a new annual premium revenue of £36,421. To this has to be added single premiums amounting to £7858, making the total new premiums £44,279. In the industrial branch equally wonderful progress was made. The total policies issued were 6254, assuring £233,521, with an annual premium revenue of £14,911, and this department had in force l at the close the year 18,088 policies assuring £656,866, with an annual income or £40,692. This is the result of eight years work. The total now business in the two departments represents , over 30s per head of the whole population of the Dominion. The total income of the two departments, including interest, now amounts to £679,460 per annum, and the accumulated funds on the branch books to £5,122,091.