SOME INSURANCE RESULTS.
Although the full reports of most of the Insurance Companies for the past year have still to be issued, the preliminary figures of New Life business for 1932 are of an encouraging character, encouraging from the standpoint of the companies, and encouraging from the standpoint of the country as indicating steady progress in thrift. Thus, the London Life Association records that the net amount represented by new Life policies for the year was £2,955,243, as compared with £2,730,885 for the previous year. In the case of the Phrenix Assurance Company the total of new business for the year of £3,420,000 constituted a record for the company and represented an increase for the year of £318,200. The London Assurance was also able to announce record new business exceeding £2,056,000 net as against £1,79W80. The Pearl Assurance announce new business assuring £7,617,942. The Equitable Life issued new policies assuring about £1,100,000 in Addition to sinking- fund assurances of almost £300,000 and Deferred Annuities to provide £60,000 a year. The directors of the Prudential announce that the new sums assured written in the Ordinary branch during the year exceeded £19,250,000, as compared with £20,000,000 written during 1931.
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